<PAGE>
Exhibit 20.7
Page 1 of 3
Navistar Financial 2000 - A Owner Trust
For the Month of April 2000
Distribution Date of May 15, 2000
Servicer Certificate #3
<TABLE>
<S> <C>
Original Pool Amount $380,843,908.73
Subsequent Receivables (transferred 3/13/00) $74,413,256.03
Subsequent Receivables (transferred 3/20/00) $19,742,835.24
Beginning Pool Balance $457,574,282.66
Beginning Pool Factor 0.9633143
Principal and Interest Collections:
Principal Collected (Incl. Servicer Advance Repay) $8,693,377.05
Interest Collected $3,485,560.52
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds / Recoveries $189,308.57
Total Additional Deposits $189,308.57
Repos / Chargeoffs $313,224.38
Aggregate Number of Notes Charged Off 15
Total Available Funds $12,368,246.14
Ending Pool Balance $448,567,681.23
Ending Pool Factor 0.9443530
Servicing Fee $381,311.90
Repayment of Servicer Advances $0.00
Reserve Account:
Beginning Balance (see Memo Item) $24,606,533.68
Target Percentage 5.25%
Target Balance $23,549,803.26
Minimum Balance $9,105,143.30
(Release) / Deposit ($1,056,730.42)
Ending Balance $23,549,803.26
Current Weighted Average APR: 9.373%
Current Weighted Average Remaining Term (months): 51.37
<CAPTION>
Delinquencies Dollars Notes
<S> <C> <C> <C>
Installments: 1 - 30 days $2,043,887.02 1,970
31 - 60 days $315,174.73 263
60+ days $97,318.94 70
Total: $2,456,380.69 1,970
Balances: 60+ days $3,976,133.59 70
Memo Item - Reserve Account
Prior Month $24,123,697.22
+ 3/13 Transfer $136,505.72
+ Invest. Income $346,330.74
+ Excess Serv. $0.00
Transfer (to) / from Collections Account $24,606,533.68
</TABLE>
<PAGE>
Exhibit 20.7
Page 2 of 3
Navistar Financial 2000-A Owner Trust
For the Month of April 2000
<TABLE>
<CAPTION>
NOTES
CLASS A - 1 CLASS A - 2 CLASS A - 3 CLASS A - 4 CLASS B NOTES
<S> <C> <C> <C> <C> <C> <C>
$475,000,000.00 $84,000,000.00 $142,000,000.00 $110,000,000.00 $121,187,500.00 $17,812,500.00
Original Pool Amount
Distributions:
Distribution Percentages 100.00% 0.00% 0.00% 0.00% 0.00%
Coupon 6.0800% 6.8200% 7.2000% 7.3400% 7.4700%
Beginning Pool Balance $457,574,282.66
Ending Pool Balance $448,567,681.23
Collected Principal $8,693,377.05
Collected Interest $3,485,560.52
Charge - Offs $313,224.38
Liquidation Proceeds/Recoveries $189,308.57
Servicing $381,311.90
Cash Transfer from Reserve Account $0.00
Total Collections Available
for Debt Service $11,986,934.24
Beginning Balance $457,574,282.66 $66,574,282.66 $142,000,000.00 $110,000,000.00 $121,187,500.00 $17,812,500.00
Interest Due $2,634,002.07 $314,822.39 $807,033.33 $660,000.00 $741,263.54 $110,882.81
Interest Paid $2,634,002.07 $314,822.39 $807,033.33 $660,000.00 $741,263.54 $110,882.81
Principal Due $9,006,601.43 $9,006,601.43 $0.00 $0.00 $0.00 $0.00
Principal Paid $9,006,601.43 $9,006,601.43 $0.00 $0.00 $0.00 $0.00
Ending Balance $448,567,681.23 57,567,681.23 142,000,000.00 110,000,000.00 121,187,500.00 17,812,500.00
Note / Certificate Pool Factor 0.6853 1.0000 1.0000 1.0000 1.0000
(Ending Balance / Original Pool Amount)
Total Distributions $11,640,603.50 $9,321,423.82 $807,033.33 $660,000.00 $741,263.54 $110,882.81
Interest Shortfall $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Shortfall $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
(required from Reserve)
Excess Servicing $346,330.74
(see Memo Item - Reserve Account)
Beginning Reserve Acct Balance $24,606,533.68
(Release) / Draw ($1,056,730.42)
Ending Reserve Acct Balance $23,549,803.26
</TABLE>
<PAGE>
Exhibit 20.7
Page 3 of 3
For the Month of April 2000
Trigger Events:
A) Loss Trigger
B) Delinquency Trigger
C) Noteholders Percent Trigger
<TABLE>
<CAPTION>
5 4 3 2 1
Dec-99 Jan-00 Feb-00 Mar-00 Apr-00
<S> <C> <C> <C> <C> <C>
Beginning Pool Balance N/A N/A $380,843,908.73 $467,349,179.28 $457,574,282.66
A) Loss Trigger:
Principal of Contracts Charged Off N/A N/A $36,194.38 $796,090.42 $313,224.38
Recoveries N/A N/A $0.00 $0.00 $189,308.57
Total Charged Off (Months 5, 4, 3) N/A
Total Recoveries (Months 3, 2, 1) $189,308.57
Net Loss / (Recoveries) for 3 Mos N/A (a)
Total Balance (Months 5, 4, 3) $380,843,908.73 (b)
Loss Ratio Annualized [(a/b) * (12)] $0.00
Trigger: Is Ratio > 1.5% No
Feb-00 Mar-00 Apr-00
B) Delinquency Trigger: $1,500,060.51 $3,103,325.48 $3,976,133.59
Balance delinquency 60+ days 0.39388% 0.66403% 0.86896%
As % of Beginning Pool Balance N/A N/A 0.64229%
Three Month Average
Trigger: Is Average > 2.0% No
C) Noteholders Percent Trigger: 4.9579%
Ending Reserve Account Balance
not less than 1% of Initial Aggregate
Receivables Balance
Trigger: Is Minimum < 1.0% No
</TABLE>
Navistar Financial Corporation
by: /s/ R. W. Cain
R. W. Cain
Vice President and Treasurer
