I. Collection Account Summary

Available Funds:

Payments Received

$28,162,709.73

Liquidation Proceeds (excluding Purchase Amounts)

$847,549.73

Current Monthly Advances

237,907.05

Amount of withdrawal, if any, from the Reserve Account

$0.00

Monthly Advance Recoveries (due to servicer)

($142,539.15)

Purchase Amounts-Warranty and Administrative Receivables

$0.00

Income from investment of funds in Trust Accounts

$21,812.91

Total Available Funds

$29,127,440.27

Amounts Payable on Distribution Date:

1. Trustee and other fees

$0.00

2. Servicing Fee

$841,096.52

3. Class A Interest Distributable Amount

Class A-1 Interest

$981,957.21

Class A-2 Interest

$548,166.67

Class A-3 Interest

$1,831,083.33

4. First Priority Principal Distribution Amount

$0.00

5. Class M Interest Distributable Amount

$404,181.94

6. Second Priority Principal Distribution Amount

$0.00

7. Class B Interest Distributable Amount

$557,345.93

8. Reserve Account Deposit

$0.00

9. Regular Principal Distribution Amount

$23,963,608.67

10. Certificate Distribution Amount

$0.00

Total Amounts Payable on Distribution Date

$29,127,440.27

Less: Servicing Fee

($841,096.52)

Less: Investment Income

($21,812.91)

Net Payment to Trustee

$28,264,530.84

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II. Available Funds

Collected Funds (see IV)

Payments Received

$28,162,709.73

Liquidation Proceeds (excluding Purchase Amounts)

847,549.73

Purchase Amounts

$0.00

Monthly Advances - current Monthly Period (net)

$95,367.90

Income from investment of funds in Trust Accounts

$21,812.91

Available Funds

$29,127,440.27

III. Amounts Payable on Distribution Date

a.

Taxes due and unpaid with respect to the Trust (not otherwise paid by AFL or the Servicer)

$0.00

b.

Outstanding Monthly Advances (not otherwise reimbursed to Servicer and to be reimbursed on the Distribution Date)

$0.00

c.

Accrued and unpaid fees (not otherwise paid by AFL or the Servicer):

Owner Trustee

$0.00

Administrator

$0.00

Indenture Trustee

$0.00

Lockbox Bank

$0.00

Custodian

$0.00

d.

Basic Servicing Fee (not otherwise paid to Servicer)

$841,096.52

e.

Supplemental Servicing Fees (not otherwise paid to Servicer)

$0.00

g.

Payable from Note Interest Distribution Account

Class A-1 Interest Distributable Amount

$981,957.21

Class A-2 Interest Distributable Amount

$548,166.67

Class A-3 Interest Distributable Amount

$1,831,083.33

Class M Interest Distributable Amount

$404,181.94

Class B Interest Distributable Amount

$557,345.93

h.

Payable from Note Principal Distribution Account

Payable to Class A-1 Noteholders

$23,963,608.67

Payable to Class A-2 Noteholders

$0.00

Payable to Class A-3 Noteholders

$0.00

Payable to Class M Noteholders

$0.00

Payable to Class B Noteholders

$0.00

I.

Reserve Account Deposit

$0.00

Total amounts payable on Distribution Date

$29,127,440.27

IV. Collected Funds

Payments Received:

Supplemental Servicing Fees

$0.00

Amount allocable to interest

$12,017,183.16

Amount allocable to principal

$16,145,526.57

Amount allocable to Insurance Add-On Amounts

$0.00

Amount allocable to Outstanding Monthly Advances (reimbursed to the Servicer prior to deposit in the Collection Account)

$0.00

Total Payments Received

$28,162,709.73

Liquidation Proceeds:

Gross amount realized with respect to Liquidated Receivables

$847,720.97

Less: (i) reasonable expenses incurred by Servicer in connection with the collection of such Liquidated Receivables and the repossession and disposition of the related Financed Vehicles and (ii) amounts required to be refunded to Obligors on such Liquidated Receivables

$171.24

Net Liquidation Proceeds

$847,549.73

Total Collected Funds

$29,010,259.46

V. Purchase Amounts Deposited in Collection Account

Purchase Amounts - Warranty Receivables

$0.00

Purchase Amounts - Administrative Receivables

$0.00

Total Purchase Amounts

$0.00

VI. Reimbursement of Outstanding Monthly Advances

Outstanding Monthly Advances

244,701.54

Outstanding Monthly Advances to be reimbursed out of Available Funds on the Distribution Date

237,907.05

Monthly Advances - Recoveries

142,539.15

Outstanding Monthly Advances - immediately following the Distribution Date

340,069.44

VII. Calculation of Interest and Principal Payments

A. Calculation of Class A-1 Interest Distributable Amount

Class A–1 Interest Rate

6.854%

Actual Days in Period

31

Class A-1 Balance

$166,375,459.88

Class A–1 Interest Carryover Shortfall

$0.00

Class A-1 Interest Distributable Amount

$981,957.21

B. Calculation of Class A-2 Interest Distributable Amount

Class A-2 Interest Rate

7.15%

Days in Period (30/360 convention)

30

Class A-2 Balance

$92,000,000.00

Class A-2 Interest Carryover Shortfall

$0.00

Class A-2 Interest Distributable Amount

$548,166.67

C. Calculation of Class A-3 Interest Distributable Amount

Class A-3 Interest Rate

7.30%

Days in Period (30/360 convention)

30

Class A-3 Balance

$301,000,000.00

Class A-3 Interest Carryover Shortfall

$0.00

Class A-3 Interest Distributable Amount

$1,831,083.33

D. Calculation of Class M Interest Distributable Amount

Class M Interest Rate

7.51%

Days in Period (30/360 convention)

30

Class M Balance

$64,583,000.00

Class M Interest Carryover Shortfall

$0.00

Class M Interest Distributable Amount

$404,181.94

E. Calculation of Class B Interest Distributable Amount

Class B Interest Rate

7.83%

Days in Period (30/360 convention)

30

Class B Balance

$85,417,000.00

Class B Interest Carryover Shortfall

$0.00

Class B Interest Distributable Amount

$557,345.93

F. Calculation of First Priority Principal Distribution Amount

Class A Note Balance

$559,375,459.88

Pool Balance at End of Preceding Collection Period

$807,452,662.16

Outstanding Balance of any Class of A Notes on or after the related Final Maturity Date

$0.00

First Priority Principal Distribution Amount

$0.00

G. Calculation of Second Priority Principal Distribution Amount

Class A + Class M Note Balance

$623,958,459.88

Pool Balance at End of Preceding Collection Period

$807,452,662.16

First Priority Principal Distribution Amount

$0.00

Outstanding Balance of the Class M Notes on or after the related Final Maturity Date

$0.00

Second Priority Principal Distribution Amount

$0.00

H. Regular Principal Distribution Amount

Class A-1 Outstanding Principal Balance

$166,375,459.88

Aggregate Note Balance

$709,375,459.88

Pool Balance at End of Preceding Collection Period

$807,452,662.16

Specified Overcollateralization Amount

$89,584,865.31

Sum of First and Second Priority Principal Distribution Amounts

$0.00

Outstanding Balance of the Class B Notes on or after the related Final Maturity Date

$0.00

Regular Principal Distribution Amount

$166,375,459.88

I. Interest Distribution Amount

Class A-1 Interest Distributable Amount

$981,957.21

Class A-2 Interest Distributable Amount

$548,166.67

Class A-3 Interest Distributable Amount

$1,831,083.33

Class M Interest Distributable Amount

$404,181.94

Class B Interest Distributable Amount

$557,345.93

Total Interest Distributable Amount

$4,322,735.07

J. Principal Distribution Amount

First Priority Principal Distribution Amount

$0.00

Second Priority Principal Distribution Amount

$0.00

Regular Principal Distribution Amount

$166,375,459.88

Principal Distribution Amount

$166,375,459.88

VIII. Reserve Account Computations

Reserve Account Balance at Beginning of Period

$4,166,737.92

Reserve Draw

$0.00

Specified Reserve Account Balance

$4,166,737.92

Required Deposit to Reserve Account

$0.00

IX. Specified Credit Enhancement Amount

$93,751,603.24

X. Specified Overcollateralization Amount

$89,584,865.31

XI. Calculation of Servicing Fees

Aggregate Principal Balance as of the first day of the Monthly Period

$807,452,662.16

Multiplied by Basic Servicing Fee Rate

1.25%

Divided by months per year

12

Basic Servicing Fee

$841,096.52

Supplemental Servicing Fees

$0.00

Total of Basic Servicing Fees and Supplemental Servicing Fees

$841,096.52

XII. Payment Waterfall

Amounts Payable on Distribution Date:

1. Reimbursement of Monthly Advances

$0.00

2. Trustee and other fees

$0.00

3. Servicing Fee

$841,096.52

4. Class A Interest Distributable Amount

Class A-1 Interest

$981,957.21

Class A-2 Interest

$548,166.67

Class A-3 Interest

$1,831,083.33

5. First Priority Principal Distribution Amount

$0.00

6. Class M Interest Distributable Amount

$404,181.94

7. Second Priority Principal Distribution Amount

$0.00

8. Class B Interest Distributable Amount

$557,345.93

9. Reserve Account Deposit

$0.00

10. Regular Principal Distribution Amount

$23,963,608.67

11. Certificate Distribution Amount

$0.00

Total Amounts Payable on Distribution Date

$29,127,440.27

XIII. Information for Preparation of Statements to Noteholders

a. Aggregate principal balance of the Notes as of first day of Monthly Period

Class A-1 Notes

$166,375,459.88

Class A-2 Notes

$92,000,000.00

Class A-3 Notes

$301,000,000.00

Class M Notes

$64,583,000.00

Class B Notes

$85,417,000.00

b. Amount distributed to Noteholders allocable to principal

Class A-1 Notes

$23,963,608.67

Class A-2 Notes

$0.00

Class A-3 Notes

$0.00

Class M Notes

$0.00

Class B Notes

$0.00

c. Aggregate principal balance of the Notes (after giving effect to distributions on the Distribution Date)

Class A-1 Notes

$142,411,851.21

Class A-2 Notes

$92,000,000.00

Class A-3 Notes

$301,000,000.00

Class M Notes

$64,583,000.00

Class B Notes

$85,417,000.00

d. Interest distributed to Noteholders

Class A-1 Notes

$981,957.21

Class A-2 Notes

$548,166.67

Class A-3 Notes

$1,831,083.33

Class M Notes

$404,181.94

Class B Notes

$557,345.93

e. 1. Class A-1 Interest Carryover Shortfall, if any (and change in amount from preceding statement)

$0.00

2. Class A-2 Interest Carryover Shortfall, if any (and change in amount from preceding statement)

$0.00

3. Class A-3 Interest Carryover Shortfall, if any (and change in amount from preceding statement)

$0.00

4. Class M Interest Carryover Shortfall, if any (and change in amount from preceding statement)

$0.00

5. Class B Interest Carryover Shortfall, if any (and change in amount from preceding statement)

$0.00

g. Total of Basic Servicing Fee, Supplemental Servicing Fees and other fees, if any, paid by the Trustee on behalf of the Trust

$841,096.52

h. Note Pool Factors (after giving effect to distributions on the Distribution Date)

Class A-1 Notes

68.80%

Class A-2 Notes

100.00%

Class A-3 Notes

100.00%

Class M Notes

100.00%

Class B Notes

100.00%

XIV. Pool Balance and Aggregate Principal Balance

Pool Balance at beginning of Monthly Period

$807,452,662.16

Pool Balance at end of Monthly Period

$789,903,500.12

Monthly Period Liquidated Receivables

Monthly Period Warranty Receivables

Loan #

Amount

Loan #

Amount

see attached listing

$0.00

see attached listing

$0.00

XV. Performance

Original Pool Balance

$833,347,584.32

Current Pool Balance

$789,903,500.12

Age of the Pool (months)

3

Delinquency Rate

Sum of Principal Balance of Accounts 30 or more Days Delinquent

$17,119,468.63

Default Rate

Cumulative balance of defaults as of the beginning of the current Accounting Period

$212,146.07

Sum of Principal Balances of Receivables that became Liquidated Receivables during the Monthly Period or that became Purchased Receivables during Monthly Period if delinquent more than 30 days with respect to any portion of a Scheduled Payment at time (of purchase)

1,403,635.47

Cumulative balance of defaults as of the end of the current Accounting Period

$1,615,781.54

Net Loss Rate

Cumulative net losses as of the preceding Accounting Date

$75,968.97

Aggregate of Principal Balances as of the Accounting Date (plus accrued and unpaid interest thereon to the end of the Monthly Period) of all Receivables that became Liquidated Receivables or that became Purchased Receivables and that were delinquent more than 30 days with respect to any portion of a Scheduled Payment as of the Accounting Date

$1,403,635.47

Liquidation Proceeds Received by Trust

$847,549.73

Cumulative net losses as of the current Accounting Date

$632,054.71