<PAGE>
Exhibit 20.2
Page 1 of 3
Navistar Financial 1996 - B Owner Trust
For the Month of August 2000
Distribution Date of September 20, 2000
Servicer Certificate #47
<TABLE>
<S> <C>
Original Pool Amount $486,507,362.75
Beginning Pool Balance $37,279,292.27
Beginning Pool Factor 0.0766264
Principal and Interest Collections:
Principal Collected (Incl. Servicer Advance Repay) $3,694,865.68
Interest Collected $280,762.72
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds / Recoveries $111,768.33
Total Additional Deposits $111,768.33
Repos / Chargeoffs $117,267.19
Aggregate Number of Notes Charged Off 87
Total Available Funds $4,087,396.73
Ending Pool Balance $33,467,159.40
Ending Pool Factor 0.0687907
Servicing Fee $31,066.08
Repayment of Servicer Advances $0.00
Reserve Account:
Beginning Balance (see Memo Item) $9,823,617.97
Target Percentage 10.00%
Target Balance $3,346,715.94
Minimum Balance $9,730,147.26
(Release) / Deposit ($93,470.71)
Ending Balance $9,730,147.26
Current Weighted Average APR: 9.432%
Current Weighted Average Remaining Term (months): 11.72
<CAPTION>
Delinquencies Dollars Notes
<S> <C> <C> <C>
Installments: 1 - 30 days $670,384.65 441
31 - 60 days $219,422.18 148
60+ days $207,340.66 72
Total: $1,097,147.49 477
Balances: 60+ days $856,833.37 72
Memo Item - Reserve Account
Prior Month $9,730,147.26
+ Invest. Income $50,645.17
+ Excess Serv. $42,825.54
+ Transfer (to) / from Collections Account $0.00
Beginning Balance $9,823,617.97
</TABLE>
<PAGE>
Exhibit 20.2
Page 2 of 3
Navistar Financial 1996 - B Owner Trust
For the Month of August 2000
<TABLE>
<CAPTION>
NOTES
CLASS B CLASS C
TOTAL CLASS A - 1 CLASS A - 2 CLASS A - 2 CERTIFICATES CERTIFICATES
<S> <C> <C> <C> <C> <C> <C>
$486,507,362.75 $106,500,000.00 $111,900,000.00 $236,500,000.00 $17,028,000.00 $14,579,362.75
Original Pool Amount
Distributions:
Distribution Percentages 0.00% 0.00% 93.50% 3.50% 3.00%
Coupon 5.490% 5.930% 6.330% 6.500% 7.450%
Beginning Pool Balance $37,279,292.27
Ending Pool Balance $33,467,159.40
Collected Principal $3,694,865.68
Collected Interest $280,762.72
Charge - Offs $117,267.19
Liquidation Proceeds/Recoveries $111,768.33
Servicing $31,066.08
Cash Transfer from Reserve Account $0.00
Total Collections Available
for Debt Service $4,056,330.65
Beginning Balance $37,279,292.29 $0.00 $0.00 $27,949,254.12 $5,032,507.39 $4,297,530.78
Interest Due $201,372.24 $0.00 $0.00 $147,432.32 $27,259.42 $26,680.50
Interest Paid $201,372.24 $0.00 $0.00 $147,432.32 $27,259.42 $26,680.50
Principal Due $3,812,132.87 $0.00 $0.00 $3,564,344.23 $133,424.65 $114,363.99
Principal Paid $3,812,132.87 $0.00 $0.00 $3,564,344.23 $133,424.65 $114,363.99
Ending Balance $33,467,159.42 $0.00 $0.00 $24,384,909.89 $4,899,082.74 $4,183,166.79
Note / Certificate Pool Factor 0.0000 0.0000 0.1031 0.2877 0.2869
(Ending Balance / Original Pool Amount)
Total Distributions $4,013,505.11 $0.00 $0.00 $3,711,776.55 $160,684.07 $141,044.49
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 $42,825.54
(see Memo Item - Reserve Account)
Beginning Reserve Acct Balance $9,823,617.97
(Release) / Draw ($93,470.71)
Ending Reserve Acct Balance $9,730,147.26
</TABLE>
<PAGE>
Exhibit 20.2
Page 3 of 3
Navistar Financial 1996 - B Owner Trust
For the Month of August 2000
Trigger Events:
A) Loss Trigger - Reserve Account Balance
Loss Trigger - Certificate Lockout Event
B) Delinquency Trigger
C) Noteholders Percent Trigger
<TABLE>
<CAPTION>
6 5 4 3 2 1
Mar-00 Apr-00 May-00 Jun-00 Jul-00 Aug-00
<S> <C> <C> <C> <C> <C> <C>
Beginning Pool Balance $58,106,259.40 $54,000,053.23 $49,552,250.82 $45,146,253.30 $41,138,757.63 $37,279,292.27
A) Loss Trigger:
Principal of Contracts
Charged Off $132,854.35 $78,106.69 $66,833.71 $147,950.25 $39,038.88 $117,267.19
Recoveries $62,757.57 $84,134.84 $12,706.44 $35,816.44 $28,445.48 $111,768.33
<CAPTION>
Loss Trigger - Reserve Account Balance Loss Trigger - Certificate Lockout Event
<S> <C> <C> <C>
Total Charged Off (Months 5, 4, 3) $292,890.65 Total Charged off (Months 1 - 6) $582,051.07
Total Recoveries (Months 3, 2, 1) $176,030.25 Total Recoveries (Months 1 - 6) $335,629.10
Net Loss / (Recoveries) for 3 Mos $116,860.40(a) Net Loss/(Recoveries) for 6 Mos. $246,421.97(c)
Total Balance (Months 5, 4, 3) $148,698,557.35(b) Total Balance (Months 1 - 6) $285,222,866.65(d)
Loss Ratio Annualized [(a/b) * (12)] 0.9431% Loss Ratio Annualized [(c/d) (12)] 1.03676%
Trigger: Is Ratio > 1.5% No Trigger: Is Ratio > 6.0% No
<CAPTION>
Jun-00 Jul-00 Aug-00
<S> <C> <C> <C> <C>
B) Delinquency Trigger: $1,739,579.96 $1,410,632.93 $856,833.37
Balance delinquency 60+ days 3.85321% 3.42896% 2.29842%
As % of Beginning Pool Balance 2.84841% 3.13449% 3.19353%
Three Month Average
Trigger: Is Average > 2.0% Yes
C) Noteholders Percent Trigger: 2.0000%
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
