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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended October 31, 2002
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from __________ to__________
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Commission File Number 33-50291
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NAVISTAR FINANCIAL RETAIL RECEIVABLES CORPORATION on behalf of
NAVISTAR FINANCIAL 1998-A OWNER TRUST,
NAVISTAR FINANCIAL 1999-A OWNER TRUST,
NAVISTAR FINANCIAL 2000-A OWNER TRUST,
NAVISTAR FINANCIAL 2000-B OWNER TRUST,
NAVISTAR FINANCIAL 2001-A OWNER TRUST,
NAVISTAR FININCIAL 2001-B OWNER TRUST, AND
NAVISTAR FINANCIAL 2002-A OWNER TRUST
(Exact name of Registrant as specified in its charter)
Delaware 51-0337491
-------------------------------------------------------- ---------------------------------------------
(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
2850 West Golf Road
Rolling Meadows, Illinois 60008
-------------------------------------------------------- ---------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (847) 734-4000
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months and (2) has been subject to such filing requirements for the past 90 days. Yes X
No __
PART I
Item 1. Business
The Navistar Financial 1998-A Owner Trust, Navistar Financial 1999-A Owner Trust, Navistar Financial 2000-A Owner Trust,
Navistar Financial 2000-B Owner Trust, Navistar Financial 2001-A Owner Trust, Navistar Financial 2001-B Owner Trust, and Navistar
Financial 2002-A (the "Trusts") were formed pursuant to seven separate Trust Agreements dated as of June 4, 1998; June 3, 1999; March
9, 2000; March 9, 2000; November 1, 2000; April 27, 2001; November 1, 2001; April 30, 2002, respectively, among Navistar Financial
Retail Receivables Corporation, ("NFRRC"), as seller (the "Seller") and Chase Manhattan Bank Delaware (formerly known as Chemical
Bank Delaware), as owner trustee (the "Trustee"). Retail notes (the "Retail Notes") and security interests in the vehicles financed
thereby were transferred to the Trusts in exchange for fixed rate notes (the "Notes") and fixed rate pass-through certificates (the
"Certificates") which were registered on Registration Statement Nos. 33-64249, 333-62445, 033-50291, and 333-67112 and sold to the
public in reliance on Rule 415 under the Securities Act of 1933.
NFRRC is a wholly-owned subsidiary of Navistar Financial Corporation. Pursuant to a Pooling and Servicing Agreement (the
"Agreement") for each Trust, Navistar Financial Corporation acts as servicer (the "Servicer") and, in that capacity, manages,
services, administers and makes collections on the Retail Notes. Each Agreement provides that collections shall be distributed to
noteholders and certificateholders and otherwise used in accordance with the priorities set forth therein. Pursuant to each
Agreement, the Seller established a reserve account as credit enhancement for each Trust. Amounts on deposit in each reserve account
after payments to security holders and the Servicer are paid to the Seller to the extent that such amounts exceed a specified reserve
account target balance. The specified reserve account target balance cannot, however, be less than a specified minimum of the
initial aggregate receivables balance for each Trust. There is no cross collateralization between the Trusts.
Item 2. Properties
Not applicable.
Item 3. Legal Proceedings
The registrant knows of no material pending legal proceedings involving either the Retail Notes or the Trustee, or the Seller or
Servicer in respect of the Trusts.
PART I
Item 4. Submission of Matters to a Vote of Security Holders
No matter was submitted to a vote of holders of the Certificates during the period of this report.
PART II
Item 5. Market for the Registrant's Common Equity and
Related Stockholder Matters
Not applicable.
Item 6. Selected Financial Data
Not applicable.
Item 7. Management's Discussion and Analysis of Financial
Condition and Results of Operations
As of October 31, 2002 balances in the Trusts were as follows:
Reserve
Principal Account
Dollar amounts in millions
------------------------------------------------------------------- -------------------- -----------------
Navistar Financial 1998-A Owner Trust $0.0 $0.0
Navistar Financial 1999-A Owner Trust $84.7 $14.3
Navistar Financial 2000-A Owner Trust $115.9 $9.5
Navistar Financial 2000-B Owner Trust $211.1 $15.3
Navistar Financial 2001-A Owner Trust $183.0 $10.1
Navistar Financial 2001-B Owner Trust $327.2 $18.0
Navistar Financial 2002-A Owner Trust $401.8 $22.8
Note: Balances include the effect of the November 2002 distribution in accordance with the Owner Trust Agreements.
PART II
Item 7. Management's Discussion and Analysis of Financial
Condition and Results of Operations (cont'd.)
As of October 31, 2002, the aggregate shelf registration available to NFRRC for issuance of asset-backed securities was $2,500
million.
In March 2002, Navistar Financial 1998-A Owner Trust was repurchased.
Item 8. Financial Statements and Supplementary Data
Not applicable.
Item 9. Changes in and Disagreements With Accountants on
Accounting and Financial Disclosure
None.
PART III
Item 10. Directors and Executive Officers of the Registrant
Not applicable.
Item 11. Executive Compensation
Not applicable.
Item 12. Security Ownership of Certain Beneficial Owners and Management
Not applicable.
Item 13. Certain Relationships and Related Transactions
Not applicable.
PART IV
Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K
(a) Exhibits
3 Articles of Incorporation and By-Laws
10 Material Contracts
An Annual Summary for each of the Owner Trusts listed below is an annualized version of the monthly Servicer
Certificates prepared by the Servicer.
13(a) - Navistar Financial 1998-A Owner Trust
13(b) - Navistar Financial 1999-A Owner Trust
13(c) - Navistar Financial 2000-A Owner Trust
13(d) - Navistar Financial 2000-B Owner Trust
13(e) - Navistar Financial 2001-A Owner Trust
13(f) - Navistar Financial 2001-B Owner Trust
13(g) - Navistar Financial 2002-A Owner Trust
(b) Reports on Form 8-K:
The Registrant filed the following reports on Form 8-K during the three months ended October 31, 2002
(i) Form 8-K dated August 15, 2002
(ii) Form 8-K dated September 16 2002
(iii) Form 8-K dated October 15, 2002
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly authorized.
NAVISTAR FINANCIAL RETAIL RECEIVABLES CORPORATION
on behalf of NAVISTAR FINANCIAL 1998-A OWNER TRUST,
NAVISTAR FINANCIAL 1999-A OWNER TRUST,
NAVISTAR FINANCIAL 2000-A OWNER TRUST,
NAVISTAR FINANCIAL 2000-B OWNER TRUST,
NAVISTAR FINANCIAL 2001-A OWNER TRUST,
NAVISTAR FINANCIAL 2001-B OWNER TRUST, AND
NAVISTAR FINANCIAL 2002-A OWNER TRUST
(Exact name of Registrant as specified in its charter)
By: /s/ RONALD D. MARKLE January 28, 2003
Ronald D. Markle
Vice President and Controller
(Principal Accounting Officer)
EXHIBIT INDEX
Exhibit No. Exhibit
3 Articles of Incorporation and By-Laws
10 Material Contracts
13(a) Annual Summary
- Navistar Financial 1998-A Owner Trust
13(b) Annual Summary
- Navistar Financial 1999-A Owner Trust
13(c) Annual Summary
- Navistar Financial 2000-A Owner Trust
13(d) Annual Summary
- Navistar Financial 2000-B Owner Trust
13(e) Annual Summary
- Navistar Financial 2001-A Owner Trust
13(f) Annual Summary
- Navistar Financial 2001-B Owner Trust
13(g) Annual Summary
- Navistar Financial 2002-A Owner Trust
Exhibit 3
NAVISTAR FINANCIAL RETAIL RECEIVABLES CORPORATION
ARTICLES OF INCORPORATION AND BY-LAWS
The following documents of Navistar Financial Retail Receivables Corporation are incorporated herein by reference:
3.1 Restated Certificate of Incorporation of Navistar Financial Retail Receivables Corporation (as amended and in effect on
June 5, 1995). Filed on Registration No. 33-50291.
3.2 The By-Laws of Navistar Financial Retail Receivables Corporation. Filed on Registration No. 33-50291.
Exhibit 10
NAVISTAR FINANCIAL RETAIL RECEIVABLES CORPORATION
MATERIAL CONTRACTS
The following material contracts of Navistar Financial Retail Receivables Corporation are incorporated herein by reference:
10.1 Purchase Agreement dated as of June 4, 1998, between Navistar Financial Corporation and Navistar Financial Retail
Receivables Corporation, as Purchaser, with respect to Navistar Financial 1998-A Owner Trust, as Issuer. Filed on
Registration No. 33-64249.
10.2 Pooling and Servicing Agreement dated as of June 4, 1998, among Navistar Financial Corporation, as Servicer, and Navistar
Financial Retail Receivables Corporation, as Seller, and Navistar Financial 1998-A Owner Trust, as Issuer. Filed on
Registration No. 33-64249.
10.3 Trust Agreement dated as of June 4, 1998, between Navistar Financial Retail Receivables Corporation, as Seller, and Chase
Manhattan Bank Delaware, as Owner Trustee, with respect to Navistar Financial 1998-A Owner Trust. Filed on Registration
No. 33-64249.
10.4 Indenture dated as of June 4, 1998, between Navistar Financial 1998-A Owner Trust and The Bank of New York, as Indenture
Trustee, with respect to Navistar Financial 1998-A Owner Trust. Filed on Registration No. 33-64249.
10.5 Purchase Agreement dated as of June 3, 1999, between Navistar Financial Corporation and Navistar Financial Retail
Receivables Corporation, as Purchaser, with respect to Navistar Financial 1999-A Owner Trust, as Issuer. Filed on
Registration No. 333-62445.
10.6 Pooling and Servicing Agreement dated as of June 3, 1999, among Navistar Financial Corporation , as Servicer, and Navistar
Financial Retail Receivables Corporation, as Seller, and Navistar Financial 1999-A Owner Trust, as Issuer. Filed on
Registration No. 333-62445.
10.7 Trust Agreement dated as of June 3, 1999, between Navistar Financial Retail Receivables Corporation, as Seller, and Chase
Manhattan Bank Delaware, as Owner Trustee, with respect to Navistar Financial 1999-A Owner Trust. Filed on Registration
No. 333-62445.
10.8 Indenture dated as of June 3, 1999, between Navistar Financial 1999-A Owner Trust and The Bank of New York, as Indenture
Trustee, with respect to Navistar Financial 1999-A Owner Trust. Filed on Registration No. 333-62445.
10.9 Purchase Agreement dated as of March 9, 2000, between Navistar Financial Corporation and Navistar Financial Retail
Receivables Corporation, as Purchaser, with respect to Navistar Financial 2000-A Owner Trust, as Issuer. Filed on
Registration No. 333-62445.
Exhibit 10 (continued)
NAVISTAR FINANCIAL RETAIL RECEIVABLES CORPORATION
MATERIAL CONTRACTS
10.10 Pooling and Servicing Agreement dated as of March 9, 2000, among Navistar Financial Corporation , as Servicer, and Navistar
Financial Retail Receivables Corporation, as Seller, and Navistar Financial 2000-A Owner Trust, as Issuer. Filed on
Registration No. 333-62445.
10.11 Trust Agreement dated as of March 9, 2000, between Navistar Financial Retail Receivables Corporation, as Seller, and Chase
Manhattan Bank Delaware, as Owner Trustee, with respect to Navistar Financial 2000-A Owner Trust. Filed on Registration
No. 333-62445.
10.12 Indenture dated as of March 9, 2000, between Navistar Financial 2000-A Owner Trust and The Bank of New York, as Indenture
Trustee, with respect to Navistar Financial 2000-A Owner Trust. Filed on Registration No. 333-62445.
10.13 Purchase Agreement dated as of November 1, 2000, between Navistar Financial Corporation and Navistar Financial Retail
Receivables Corporation, as Purchaser, with respect to Navistar Financial 2000-B Owner Trust, as Issuer. Filed on
Registration No. 333-62445.
10.14 Pooling and Servicing Agreement dated as of November 1, 2000, among Navistar Financial Corporation , as Servicer, and
Navistar Financial Retail Receivables Corporation, as Seller, and Navistar Financial 2000-B Owner Trust, as Issuer.
Filed on Registration No. 333-62445.
10.15 Trust Agreement dated as of November 1, 2000, between Navistar Financial Retail Receivables Corporation, as Seller, and
Chase Manhattan Bank Delaware, as Owner Trustee, with respect to Navistar Financial 2000-B Owner Trust. Filed on
Registration No. 333-62445.
10.16 Indenture dated as of November 1, 2000, between Navistar Financial 2000-B Owner Trust and The Bank of New York, as Indenture
Trustee, with respect to Navistar Financial 2000-B Owner Trust. Filed on Registration No. 333-62445.
10.17 Purchase Agreement dated as of April 27, 2001, between Navistar Financial Corporation and Navistar Financial Retail
Receivables Corporation, as Purchaser, with respect to Navistar Financial 2001-A Owner Trust, as Issuer. Filed on
Registration No. 033-50291.
10.18 Pooling and Servicing Agreement dated as of April 27, 2001, among Navistar Financial Corporation , as Servicer, and Navistar
Financial Retail Receivables Corporation, as Seller, and Navistar Financial 2001-A Owner Trust, as Issuer. Filed on
Registration No. 033-50291.
10.19 Trust Agreement dated as of April 27, 2001, between Navistar Financial Retail Receivables Corporation, as Seller, and Chase
Manhattan Bank Delaware, as Owner Trustee, with respect to Navistar Financial 2001-A Owner Trust. Filed on Registration
No. 033-50291.
10.20 Indenture dated as of April 27, 2001, between Navistar Financial 2001-A Owner Trust and The Bank of New York, as Indenture
Trustee, with respect to Navistar Financial 2001-A Owner Trust. Filed on Registration No. 033-50291.
Exhibit 10 (continued)
NAVISTAR FINANCIAL RETAIL RECEIVABLES CORPORATION
MATERIAL CONTRACTS
10.21 Purchase Agreement dated as of November 1, 2001, between Navistar Financial Corporation and Navistar Financial Retail
Receivables Corporation, as Purchaser, with respect to Navistar Financial 2001-B Owner Trust, as Issuer. Filed on
Registration No. 033-50291.
10.22 Pooling and Servicing Agreement dated as of November 1, 2001, among Navistar Financial Corporation , as Servicer, and
Navistar Financial Retail Receivables Corporation, as Seller, and Navistar Financial 2001-B Owner Trust, as Issuer.
Filed on Registration No. 033-50291.
10.23 Trust Agreement dated as of November 1, 2001, between Navistar Financial Retail Receivables Corporation, as Seller, and
Chase Manhattan Bank Delaware, as Owner Trustee, with respect to Navistar Financial 2001-B Owner Trust. Filed on
Registration No. 033-50291.
10.24 Indenture dated as of November 1, 2001, between Navistar Financial 2001-B Owner Trust and The Bank of New York, as Indenture
Trustee, with respect to Navistar Financial 2001-B Owner Trust. Filed on Registration No. 033-50291.
10.25 Purchase Agreement dated as of April 30, 2002, between Navistar Financial Corporation and Navistar Financial Retail
Receivables Corporation, as Purchaser, with respect to Navistar Financial 2002-A Owner Trust, as Issuer. Filed on
Registration No. 333-62445 and 333-67112.
10.26 Pooling and Servicing Agreement dated as of April 30, 2002, among Navistar Financial Corporation , as Servicer, and Navistar
Financial Retail Receivables Corporation, as Seller, and Navistar Financial 2002-A Owner Trust, as Issuer. Filed on
Registration No. 333-62445 and 333-67112.
10.27 Trust Agreement dated as of April 30, 2002, between Navistar Financial Retail Receivables Corporation, as Seller, and Chase
Manhattan Bank Delaware, as Owner Trustee, with respect to Navistar Financial 2002-A Owner Trust. Filed on Registration
No. 333-62445 and 333-67112.
10.28 Indenture dated as of April 30, 2002, between Navistar Financial 2002-A Owner Trust and The Bank of New York, as Indenture
Trustee, with respect to Navistar Financial 2002-A Owner Trust. Filed on Registration No. 333-62445 and 333-67112.
Exhibit 13(a)
Page 1 of 4
ANNUAL SUMMARY
Navistar Financial 1998-A Owner Trust
For the Months of November 2001 to October 2002
Fiscal Year 2002
Cut-off Date 6/4/98
Original Pool Amount at Cut-off Date $500,864,370.04
Beginning Pool Balance as of 11/1/01 $68,037,676.21
Beginning Pool Factor as of 11/1/01 0.1358405
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $25,237,485.64
Interest Collected $2,072,450.95
Additional Deposits:
Repurchase Amounts $0.00
Final Purchase of Receivables $42,464,569.37
Liquidation Proceeds/Recoveries $1,405,739.34
Total Additional Deposits $43,870,308.71
Repos/Chargeoffs $586,907.78
Aggregate Number of Notes Charged Off 734
Total Available Funds $70,928,958.72
Ending Pool Balance as of 10/31/02 $0.00
Ending Pool Factor as of 10/31/02 0.00
Servicing Fee $243,543.15
Repayment of Servicer Advances $251,286.58
Reserve Account:
Beginning Balance as of 11/1/01 $10,017,287.40
Investment Income Earned during the Year $71,933.66
Target Percentage N/A
Target Balance as if 10/31/02 N/A
Minimum Balance (2% of Initial Balance) N/A
Transfer from/(to) Collections Account $3,360,141.91
(Release)/Deposit -Includes Investment Income ($13,449,362.97)
Ending Balance as of 10/31/02 0.00
Delinquencies as of 10/31/02: Dollars Notes
Installments:
1-30 days 0.00 0
31-60 days 0.00 0
60+ days 0.00 0
Total 0.00 0
Balances: 60+ days 0.00 0
Exhibit 13(a)
Page 2 of 4
Navistar Financial 1998-A Owner Trust
For the Months of November 2001 through October 2002
Fiscal Year 2002
NOTES
TOTAL CLASS A CLASS B
Original Pool Amount Distributions: $500,864,370.04 $483,334,000.00 $17,530,370.04
Distribution Percentage 96.50% 3.50%
Coupon 5.940% 6.10%
Beginning Pool Balance $68,037,676.21
Ending Pool Balance $0.00
Collected Principal $24,986,199.06
Collected Interest $2,072,450.95
Charge-Offs $586,907.78
Liquidation Proceeds/Recoveries $1,405,739.34
Servicing $243,543.15
Cash Transfer from Reserve Acct $0.00
Total Collections Available
for Debt Service $28,220,846.20
Beginning Balance as of 11/1/01 $68,037,676.21 $65,656,240.45 $2,381,435.76
Interest Due $1,448,010.24 $1,396,010.80 $51,999.44
Interest Paid $1,448,010.24 $1,396,010.80 $51,999.44
Principal Due $68,037,676.21 $65,656,240.45 $2,381,435.76
Principal Paid $68,037,676.21 $65,656,240.45 $2,381,435.76
Ending Balance as of 10/31/02 $0.00 $0.00 $0.00
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.00 0.00
Total Distributions $69,485,686.45 $67,052,251.25 $2,381,435.76
Interest Shortfall $0.00 $0.00 $0.00
Principal Shortfall $0.00 $0.00 $0.00
Total Shortfall (required from Reserve) $0.00 $0.00 $0.00
Excess Servicing $3,360,141.91
Beginning Reserve Account Balance $10,017,287.40
Investment Income Earned during the
year $71,933.66
Transfer from/(to) collections Account $3,360,141.91
(Release)/Draw
-Includes Investment Income ($13,449,362.97)
Ending Reserve Account Balance $0.00
Note: Ending principal balance includes the effect of the November distribution.
Exhibit 13(a)
Page 3 of 4
Navistar Financial 1998-A Owner Trust
For the Months of November 2001 through October 2002
Fiscal Year 2002
At each Distribution Date, an annualized loss percentage is computed. If the annualized percentage exceeds
1.5%, any monthly excess servicing is used to fund the reserve account to 10.0% of the ending receivable
balance. When the annualized loss percentage falls below 1.5%, the reserve account requirement returns to the
greater of the specified target amount or the specified minimum balance.
The loss percentage is calculated as follows:
The numerator of which is equal to the sum of the aggregate losses plus liquidation proceeds for each
of the monthly periods which are the fifth, fourth and third monthly periods preceding the monthly
period related to such Distribution Date, minus the sum of the liquidation proceeds for the monthly
periods which are the first, second and third monthly periods preceding the monthly period related to
such Distribution Date, and the denominator of which is the sum of the remaining gross balances of all
outstanding receivables as of the last day of each of the sixth, fifth and fourth monthly periods
preceding the monthly period related to such Distribution Date.
The annualized loss (recovery) percentages reported at each Distribution Date are as follows:
November 2001 (1.2205)% February 2002 (2.7724)%
December 2001 (0.0541)% March 2002 (4.2767)%
January 2002 (0.5303)%
At each Distribution Date a three-month rolling average delinquency percentage is calculated. If this
percentage exceeds 2.0%, any monthly excess servicing is used to fund the reserve account to 10.0% of the
ending receivable balance. When the delinquency percentage falls below 2.0%, the reserve account requirement
returns to the greater of the specified target amount or the specified minimum balance.
The delinquency percentage is calculated as follows:
The numerator of which is equal to the aggregate remaining gross balances of all outstanding
receivables which are 61 days or more past due as of the last day of the related monthly period and
the denominator of which is equal to the aggregate remaining gross balances of all outstanding
receivables on the last day of such monthly period.
The three month rolling averages reported at each Distribution Date are as follows:
November 2001 1.80032% February 2002 1.78304%
December 2001 1.68167% March 2002 1.59981%
January 2002 1.72512%
Exhibit 13(b)
Page 1 of 3
ANNUAL SUMMARY
Navistar Financial 1999-A Owner Trust
For the Months of November 2001 to October 2002
Fiscal Year 2002
Cut-off Date 06/03/99
Original Pool Amount at Cut-off Date $714,764,750.47
Beginning Pool Balance as of 11/1/01 $225,765,549.11
Beginning Pool Factor as of 11/1/01 0.3158599
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $138,188,443.87
Interest Collected $12,090,323.52
Additional Deposits:
Repurchase Amounts $ 0.00
Liquidation Proceeds/Recoveries $11,613,042.27
Total Additional Deposits $11,613,042.27
Repos/Chargeoffs $5,208,952.33
Aggregate Number of Notes Charged Off 2,666
Total Available Funds $159,595,656.33
Ending Pool Balance as of 10/31/02 $84,664,306.24
Ending Pool Factor as of 10/31/02 0.1184506
Servicing Fee $1,542,876.12
Repayment of Servicer Advances $2,296,153.33
Reserve Account:
Beginning Balance as of 11/1/01 $14,295,295.01
Investment Income Earned during the Year $284,422.69
Target Percentage 5.25%
Target Balance as of 10/31/02 $4,444,876.08
Minimum Balance (2% of Initial Balance) $14,295,295.01
Transfer from/(to) Collections Account $7,515,498.63
(Release)/Deposit - Includes Investment Income ($7,799,921.32)
Ending Balance as of 10/31/02 $14,295,295.01
Delinquencies as of 10/31/02: Dollars Notes
Installments:
1-30 days 974,367.75 766
31-60 days 230,723.09 174
60+ days 233,793.97 53
Total 1,438,884.81 789
Balances: 60+ days 708,777.13 53
Exhibit 13(b)
Page 2 of 3
Navistar Financial 1999-A Owner Trust
For the Months of November 2001 to October 2002
Fiscal Year 2002
NOTES
TOTAL CLASS A-1 CLASS A-2 CLASS A-3 LASS A-4 CLASS B NOTES
Original Pool Amount Distributions: $714,764,750.47 $147,000,000.00 $197,000,000.00 $200,000,000.00 $145,745,000.00 $25,019,750.47
Distribution Percentages 0.00% 0.00% 0.00% 96.50% 3.50%
Coupon 5.003% 5.550% 5.950% 6.130% 6.220%
Beginning Pool Balance $225,765,549.11
Ending Pool Balance $84,664,306.24
Collected Principal $135,892,290.54
Collected Interest $12,090,323.52
Charge-Offs $5,208,952.33
Liquidation Proceeds/Recoveries $11,613,042.27
Servicing $1,542,876.12
Cash Transfer (to) Reserve Acct. $0.00
Total Collections Available
for Debt Service $158,052,780.21
Beginning Balance as of 11/1/01 $225,765,549.12 $0.00 $0.00 $66,970,770.70 $145,745,000.00 $13,049,778.42
Interest Due $9,436,038.71 $0.00 $0.00 $1,034,146.88 $7,745,803.09 $656,088.74
Interest Paid $9,436,038.71 $0.00 $0.00 $1,034,146.88 $7,745,803.09 $656,088.74
Principal Due $141,101,242.88 $0.00 $0.00 $66,970,770.70 $69,191,928.68 $4,938,543.50
Principal Paid $141,101,242.88 $0.00 $0.00 $66,970,770.70 $69,191,928.68 $4,938,543.50
Ending Balance as of 10/31/02 $84,664,306.24 $0.00 $0.00 $0.00 $76,553,071.32 $8,111,234.92
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.00000 0.00000 0.00000 0.52525 0.32419
Total Distributions $150,537,281.59 $0.00 $0.00 $68,004,917.58 $76,937,731.77 $5,594,632.24
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 (required from Reserve) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Excess Servicing $7,515,498.63
Beginning Reserve Account Balance $14,295,295.01
Investment Income Earned
during the Period $284,422.69
Transfer from/(to) collections Account $7,515,498.63
(Release)/Draw
Included Investment Income $(7,799,921.32)
Ending Reserve Account Balance $14,295,295.01
Note: Ending principal balance includes the effect of the November distribution.
Exhibit 13(b)
Page 3 of 3
Navistar Financial 1999-A Owner Trust
For the Months of November 2001 through October 2002
Fiscal Year 2002
At each Distribution Date, an annualized loss percentage is computed. If the annualized percentage exceeds
1.5%, any monthly excess servicing is used to fund the reserve account to 10.0% of the ending receivable
balance. When the annualized loss percentage falls below 1.5%, the reserve account requirement returns to the
greater of the specified target amount or the specified minimum balance.
The loss percentage is calculated as follows:
The numerator of which is equal to the sum of the aggregate losses plus liquidation proceeds for each
of the monthly periods which are the fifth, fourth and third monthly periods preceding the monthly
period related to such Distribution Date, minus the sum of the liquidation proceeds for the monthly
periods which are the first, second and third monthly periods preceding the monthly period related to
such Distribution Date, and the denominator of which is the sum of the remaining gross balances of all
outstanding receivables as of the last day of each of the sixth, fifth and fourth monthly periods
preceding the monthly period related to such Distribution Date.
The annualized loss (recovery) percentages reported at each Distribution Date are as follows:
November 2001 0.0820 % May 2002 (0.1114)%
December 2001 0.4688 % June 2002 (1.1642)%
January 2002 (2.2372)% July 2002 (3.1872)%
February 2002 (1.8587)% August 2002 (6.3560)%
March 2002 (2.4082)% September 2002 (7.0947)%
April 2002 (0.3342)% October 2002 (8.2638)%
At each Distribution Date a three-month rolling average delinquency percentage is calculated. If this
percentage exceeds 2.0%, any monthly excess servicing is used to fund the reserve account to 10.0% of the
ending receivable balance. When the delinquency percentage falls below 2.0%, the reserve account requirement
returns to the greater of the specified target amount or the specified minimum balance.
The delinquency percentage is calculated as follows:
The numerator of which is equal to the aggregate remaining gross balances of all outstanding
receivables which are 61 days or more past due as of the last day of the related monthly period and
the denominator of which is equal to the aggregate remaining gross balances of all outstanding
receivables on the last day of such monthly period.
The three month rolling averages reported at each Distribution Date are as follows:
November 2001 1.71677% May 2002 1.36195%
December 2001 1.61617% June 2002 1.18104%
January 2002 1.87489% July 2002 1.06190%
February 2002 1.83065% August 2002 1.01741%
March 2002 1.74353% September 2002 0.93871%
April 2002 1.57543% October 2002 0.82208%
Exhibit 13(c)
Page 1 of 3
ANNUAL SUMMARY
Navistar Financial 2000-A Owner Trust
For the Months of November 2001 to October 2002
Fiscal Year 2002
Cut-off Date 3/9/00
Original Pool Amount at Cut-off Date $380,843,908.73
Cut-off Date 3/13/00
Original Pool Amount at Cut-off Date $74,413,256.03
Cut-off Date 3/20/00
Original Pool Amount at Cut-off Date $19,742,835.24
Beginning Pool Balance as of 11/1/01 $246,512,577.04
Beginning Pool Factor as of 11/1/01 0.518974
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $127,154,531.07
Interest Collected $16,224,412.61
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $7,754,775.50
Total Additional Deposits $7,754,775.50
Repos/Chargeoffs $4,255,056.61
Aggregate Number of Notes Charged Off 1,339
Total Available Funds $150,362,903.35
Ending Pool Balance as of 10/31/02 $115,873,805.19
Ending Pool Factor as of 10/31/02 0.2439449
Servicing Fee $1,833,726.50
Repayment of Servicer Advances $770,815.83
Reserve Account:
Beginning Balance as of 11/1/01 $13,558,191.74
Investment Income Earned during the Year $199,379.93
Target Percentage 5.50%
Target Balance as of 10/31/02 $6,373,059.29
Minimum Balance (2% of Initial Balance) $9,500,000.00
Transfer from/(to) Collections Account $4,492,211.30
(Release)/Deposit - Includes Investment Income ($8,749,782.97)
Ending Balance as of 10/31/02 $9,500,000.00
Delinquencies as of 10/31/02: Dollars Notes
Installments:
1-30 days $1,190,830.68 778
31-60 days $632,567.80 159
60+ days $223,453.33 34
Total $2,046,851.81 794
Balances: 60+ days $1,116,192.52 34
Exhibit 13(c)
Page 2 of 3
Navistar Financial 2000-A Owner Trust
For the Months of November 2001 to October 2002
Fiscal Year 2002
NOTES
TOTAL CLASS A-1 CLASS A-2 CLASS A-3 CLASS A-4 CLASS B NOTES
Original Pool Amount Distributions: $475,000,000.00 $84,000,000.00 $142,000,000.00 $110,000,000.00 $121,187,500.00 $17,812,500.00
Distribution Percentages 0.00% 0.00% 0.00% 96.25% 3.75%
Coupon 6.080% 6.820% 7.200% 7.340% 7.470%
Beginning Pool Balance $246,512,577.04
Ending Pool Balance $115,873,805.19
Collected Principal $126,383,715.24
Collected Interest $16,224,412.61
Charge-Offs $4,255,056.61
Liquidation Proceeds/Recoveries $7,754,775.50
Servicing $1,833,726.50
Cash Transfer (to) Reserve Acct. ($361,485.42)
Total Collections Available
for Debt Service $148,167,691.43
Beginning Balance as of 11/1/01 $246,512,577.04 $0.00 $2,930,855.42 $110,000,000.00 $121,187,500.00 $12,394,221.62
Interest Due $13,398,193.71 $0.00 $16,657.03 $3,760,622.13 $8,871,936.91 $748,977.64
Interest Paid $13,398,193.71 $0.00 $16,657.03 $3,760,622.13 $8,871,936.91 $748,977.64
Principal Due $130,638,771.85 $0.00 $2,930,855.42 $110,000,000.00 $12,808,962.49 $4,898,953.94
Principal Paid $130,638,771.85 $0.00 $2,930,855.42 $110,000,000.00 $12,808,962.49 $4,898,953.94
Ending Balance as of 10/31/02 $115,873,805.19 $0.00 $0.00 $0.00 $108,378,537.51 $7,495,267.68
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.00000 0.00000 0.00000 0.894305 0.420787
Total Distributions $144,036,956.56 $0.00 $2,947,512.45 $113,760,622.13 $21,680,899.40 $5,647,931.58
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 (required from Reserve) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Excess Servicing $4,853,696.72
Beginning Reserve Account Balance $13,558,191.74
Investment Income Earned
during the Period $199,379.93
Transfer from/(to) collections Account $4,492,211.30
(Release)/Draw
Included Investment Income ($8,749,782.97)
Ending Reserve Account Balance $9,500,000.00
Note: Ending principal balance includes the effect of the November distribution.
Exhibit 13(c)
Page 3 of 3
Navistar Financial 2000-A Owner Trust
For the Months of November 2001 through October 2002
Fiscal Year 2002
At each Distribution Date, an annualized loss percentage is computed. If the annualized percentage exceeds 1.5%, any
monthly excess servicing is used to fund the reserve account to 10.0% of the ending receivable balance. When the
annualized loss percentage falls below 1.5%, the reserve account requirement returns to the greater of the specified target
amount or the specified minimum balance.
The loss percentage is calculated as follows:
The numerator of which is equal to the sum of the aggregate losses plus liquidation proceeds for each of the
monthly periods which are the fifth, fourth and third monthly periods preceding the monthly period related to
such Distribution Date, minus the sum of the liquidation proceeds for the monthly periods which are the first,
second and third monthly periods preceding the monthly period related to such Distribution Date, and the
denominator of which is the sum of the remaining gross balances of all outstanding receivables as of the last
day of each of the sixth, fifth and fourth monthly periods preceding the monthly period related to such
Distribution Date.
The annualized loss (recovery) percentages reported at each Distribution Date are as follows:
November 2001 (1.5074)% May 2002 1.0239 %
December 2001 (0.7285)% June 2002 0.8986 %
January 2002 (0.2922)% July 2002 (0.7327)%
February 2002 (0.7422)% August 2002 (3.2433)%
March 2002 (1.3013)% September 2002 (3.8909)%
April 2002 (0.7146)% October 2002 (3.3391)%
At each Distribution Date a three-month rolling average delinquency percentage is calculated. If this percentage exceeds
2.0%, any monthly excess servicing is used to fund the reserve account to 10.0% of the ending receivable balance. When the
delinquency percentage falls below 2.0%, the reserve account requirement returns to the greater of the specified target
amount or the specified minimum balance.
The delinquency percentage is calculated as follows:
The numerator of which is equal to the aggregate remaining gross balances of all outstanding receivables which
are 61 days or more past due as of the last day of the related monthly period and the denominator of which is
equal to the aggregate remaining gross balances of all outstanding receivables on the last day of such monthly
period.
The three month rolling averages reported at each Distribution Date are as follows:
November 2001 1.33657% May 2002 0.99916%
December 2001 1.33810% June 2002 0.96648%
January 2002 1.52628% July 2002 1.05807%
February 2002 1.47392% August 2002 1.06105%
March 2002 1.34755% September 2002 1.07787%
April 2002 1.13686% October 2002 0.96525%
Exhibit 13(d)
Page 1 of 3
ANNUAL SUMMARY
Navistar Financial 2000-B Owner Trust
For the Months of November 2001 through October 2002
Fiscal Year 2002
Cut-off Date 11/01/2000
Original Pool Amount at Cut-off Date $764,710,097.53
Beginning Pool Balance as of 11/1/01 $465,552,692.67
Beginning Pool Factor as of 11/1/01 0.6087963
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $248,367,308.49
Interest Collected $32,068,487.24
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $21,359,002.27
Total Additional Deposits $21,359,002.27
Repos/Chargeoffs $12,441,651.50
Aggregate Number of Notes Charged Off 3,870
Total Available Funds $295,473,640.62
Ending Pool Balance as of 10/31/02 $211,064,890.06
Ending Pool Factor as of 10/31/02 0.2760064
Servicing Fee $3,353,757.67
Repayment of Servicer Advances $6,321,157.38
Reserve Account:
Beginning Balance as of 11/1/01 $25,605,398.10
Investment Income Earned during the Year $355,187.16
Target Percentage 5.50%
Target Balance as of 10/31/02 $11,608,568.95
Minimum Balance (2% of Initial Balance) $15,294,201.95
Transfer from/(to) Collections Account $15,001,252.49
(Release)/Deposit - Includes Investment Income ($25,667,635.80)
Ending Balance as of 10/31/02 $15,294,201.95
Delinquencies as of 10/31/02: Dollars Notes
Installments:
1-30 days 1,786,433.76 1,459
31-60 days 503,097.61 330
60+ days 199,761.55 84
Total 2,489,292.92 1,487
Balances: 60+ days 2,385,606.96 84
Exhibit 13(d)
Page 2 of 3
Navistar Financial 2000-B Owner Trust
For the Months of November 2001 to October 2002
Fiscal Year 2002
NOTES
TOTAL CLASS A-1 CLASS A-2 CLASS A-3 CLASS A-4 CLASS B
Original Pool Amount Distributions: $764,710,097.53 $140,000,000.00 $232,400,000.00 $184,900,000.00 $178,733,000.00 $28,677,097.53
Distribution Percentages 0.00% 0.00% 96.25% 0.00% 3.75%
Coupon 6.730% 6.660% 6.670% 6.780% 7.030%
Beginning Pool Balance $465,552,692.67
Ending Pool Balance $211,064,890.06
Collected Principal $242,046,151.11
Collected Interest $32,068,487.24
Charge-Offs $12,441,651.50
Liquidation Proceeds/Recoveries $21,359,002.27
Servicing $3,353,757.67
Cash Transfer (to) Reserve Acct. ($525,675.95)
Total Collections Available
for Debt Service $291,594,207.00
Beginning Balance as of 11/1/01 $465,552,692.67 $0.00 $79,210,997.80 $184,900,000.00 $178,733,000.00 $22,708,694.86
Interest Due $22,630,557.85 $0.00 $1,061,619.60 $8,197,527.35 $12,118,097.40 $1,253,313.50
Interest Paid $22,630,557.85 $0.00 $1,061,619.60 $8,197,527.35 $12,118,097.40 $1,253,313.50
Principal Due $254,487,802.61 $0.00 $79,210,997.80 $165,733,512.21 $0.00 $9,543,292.60
Principal Paid $254,487,802.61 $0.00 $79,210,997.80 $165,733,512.21 $0.00 $9,543,292.60
Ending Balance as of 10/31/02 $211,064,890.06 $0.00 $0.00 $19,166,487.79 $178,733,000.00 $13,165,402.26
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.00000 0.00000 0.10366 1.000000 0.45909
Total Distributions $277,118,360.46 $0.00 $80,272,617.40 $173,931,039.56 $21,118,097.40 $10,796,606.10
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 (required from Reserve) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Excess Servicing $15,526,928.44
Beginning Reserve Account Balance $25,605,398.10
Investment Income Earned
during the Period $355,187.16
Transfer from/(to) collections Account $15,001,252.49
(Release)/Draw
Included Investment Income ($25,667,635.80)
Ending Reserve Account Balance $15,294,201.95
Note: Ending principal balance includes the effect of the November distribution.
Exhibit 13(d)
Page 3 of 3
Navistar Financial 2000-B Owner Trust
For the Months of November 2001 through October 2002
Fiscal Year 2002
At each Distribution Date, an annualized loss percentage is computed. If the annualized percentage exceeds 1.5%, any monthly
excess servicing is used to fund the reserve account to 10.0% of the ending receivable balance. When the annualized loss
percentage falls below 1.5%, the reserve account requirement returns to the greater of the specified target amount or the
specified minimum balance.
The loss percentage is calculated as follows:
The numerator of which is equal to the sum of the aggregate losses plus liquidation proceeds for each of the monthly
periods which are the fifth, fourth and third monthly periods preceding the monthly period related to such Distribution
Date, minus the sum of the liquidation proceeds for the monthly periods which are the first, second and third monthly
periods preceding the monthly period related to such Distribution Date, and the denominator of which is the sum of the
remaining gross balances of all outstanding receivables as of the last day of each of the sixth, fifth and fourth
monthly periods preceding the monthly period related to such Distribution Date.
The annualized loss (recovery) percentages reported at each Distribution Date are as follows:
November 2001 (0.1983)% May 2002 1.0939 %
December 2001 0.4686 % June 2002 0.2767 %
January 2002 (1.1194)% July 2002 (3.7449)%
February 2002 (0.1715)% August 2002 (7.4958)%
March 2002 (0.7233)% September 2002 (8.0349)%
April 2002 1.2915 % October 2002 (5.6217)%
At each Distribution Date a three-month rolling average delinquency percentage is calculated. If this percentage exceeds 2.0%,
any monthly excess servicing is used to fund the reserve account to 10.0% of the ending receivable balance. When the delinquency
percentage falls below 2.0%, the reserve account requirement returns to the greater of the specified target amount or the
specified minimum balance.
The delinquency percentage is calculated as follows:
The numerator of which is equal to the aggregate remaining gross balances of all outstanding receivables which are 61 days or
more past due as of the last day of the related monthly period and the denominator of which is equal to the aggregate remaining
gross balances of all outstanding receivables on the last day of such monthly period.
The three month rolling averages reported at each Distribution Date are as follows:
November 2001 1.41260% May 2002 1.17868%
December 2001 1.50549% June 2002 1.09468%
January 2002 1.67280% July 2002 0.88879%
February 2002 1.72073% August 2002 0.96307%
March 2002 1.50864% September 2002 1.04097%
April 2002 1.47566% October 2002 1.09658%
Exhibit 13(e)
Page 1 of 3
ANNUAL SUMMARY
Navistar Financial 2001-A Owner Trust
For the Months of November 2001 through October 2002
Fiscal Year 2002
Cut-off Date 04/27/01
Original Pool Amount at Cut-off Date $257,155,638.25
Cut-off Date 04/30/01
Original Pool Amount at Cut-off Date $53,340,411.35
Cut-off Date 05/30/01
Original Pool Amount at Cut-off Date $67,396,152.49
Cut-off Date 06/28/01
Original Pool Amount at Cut-off Date $22,107,022.10
Beginning Pool Balance as of 11/01/01 $334,440,345.87
Beginning Pool Factor as of 11/01/01 0.8361025
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $145,757,022.41
Interest Collected $24,301,209.65
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $5,734,340.38
Total Additional Deposits $5,734,340.38
Repos/Chargeoffs $6,505,201.77
Aggregate Number of Notes Charged Off 1,512
Total Available Funds $174,942,793.28
Ending Pool Balance as of 10/31/02 $183,027,900.85
Ending Pool Factor as of 10/31/02 0.4575706
Servicing Fee $2,595,093.40
Repayment of Servicer Advances $849,779.16
Reserve Account:
Beginning Balance $18,394,219.02
Investment Income Earned during the Year $259,443.10
Target Percentage 5.50%
Target Balance $10,066,534.55
Minimum Balance (2% of Initial Balance) $7,999,984.48
Transfer from/(to) Collections Account $7,785,592.05
(Release)/Deposit - Includes Investment Income ($16,372,719.62)
Ending Balance as of 10/31/02 $10,066,534.55
Delinquencies as of 10/31/02: Dollars Notes
Installments:
1-30 days 1,334,220.05 1,116
31-60 days 505,173.51 312
60+ days 113,136.90 77
Total 1,952,530.46 1,131
Balances: 60+ days 1,856,715.21 77
Exhibit 13(e)
Page 2 of 3
Navistar Financial 2001-A Owner Trust
For the Months of November 2001 through October 2002
Fiscal Year 2002
NOTES
TOTAL CLASS A-1 CLASS A-2 CLASS A-3 CLASS A-4 CLASS B
Original Pool Amount Distributions: $400,000,000.00 $72,500,000.00 $118,000,000.00 $100,000,000.00 $92,500,000.00 $17,000,000.00
Distribution Percentages 0.00% 0.00% 95.75% 0.00% 4.25%
Coupon 4.290% 4.470% 4.990% 5.420% 5.590%
Beginning Pool Balance $334,440,345.87
Ending Pool Balance $183,027,900.85
Collected Principal $144,907,243.25
Collected Interest $24,301,209.65
Charge-Offs $6,505,201.77
Liquidation Proceeds/Recoveries $5,734,340.38
Servicing $2,595,093.40
Cash Transfer (to) Collection Acct. ($7,428.85)
Total Collections Available
for Debt Service $172,340,271.03
Beginning Balance as of 11/1/01 $334,440,345.87 $6,940,345.87 $118,000,000.00 $100,000,000.00 $92,500,000.00 $17,000,000.00
Interest Due $13,149,662.81 $26,465.85 $2,404,548.08 $4,917,751.69 $5,013,500.04 $787,397.15
Interest Paid $13,149,662.81 $26,465.85 $2,404,548.08 $4,917,751.69 $5,013,500.04 $787,397.15
Principal Due $151,412,445.02 $6,940,345.87 $118,000,000.00 $20,332,034.94 $0.00 $6,140,064.21
Principal Paid $151,412,445.02 $6,940,345.87 $118,000,000.00 $20,332,034.94 $0.00 $6,140,064.21
Ending Balance as of 10/31/02 $183,027,900.85 $0.00 $0.00 $79,667,965.06 $92,500,000.00 $10,859,935.79
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.00000 0.00000 0.79668 1.000000 0.63882
Total Distributions $164,562,107.83 $6,966,811.72 $120,404,548.08 $25,249,786.63 $5,013,500.04 $6,927,461.36
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 (required from Reserve) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Excess Servicing $7,793,020.90
Beginning Reserve Account Balance $18,394,219.02
Investment Income Earned
during the Period $259,443.10
Transfer from/(to) collections Account $7,785,592.05
(Release)/Draw
Included Investment Income ($16,372,719.62)
Ending Reserve Account Balance $10,066,534.55
Note: Ending principal balance includes the effect of the November distribution.
Exhibit 13(e)
Page 3 of 3
Navistar Financial 2001-A Owner Trust
For the Months of November 2001 through October 2002
Fiscal Year 2002
At each Distribution Date, an annualized loss percentage is computed. If the annualized percentage exceeds 1.5%, any monthly
excess servicing is used to fund the reserve account to 10.0% of the ending receivable balance. When the annualized loss
percentage falls below 1.5%, the reserve account requirement returns to the greater of the specified target amount or the
specified minimum balance.
The loss percentage is calculated as follows:
The numerator of which is equal to the sum of the aggregate losses plus liquidation proceeds for each of the monthly
periods which are the fifth, fourth and third monthly periods preceding the monthly period related to such Distribution
Date, minus the sum of the liquidation proceeds for the monthly periods which are the first, second and third monthly
periods preceding the monthly period related to such Distribution Date, and the denominator of which is the sum of the
remaining gross balances of all outstanding receivables as of the last day of each of the sixth, fifth and fourth
monthly periods preceding the monthly period related to such Distribution Date.
The annualized loss (recovery) percentages reported at each Distribution Date are as follows:
November 2001 0.3229 % May 2002 (0.1489)%
December 2001 0.7127 % June 2002 0.7169 %
January 2002 0.6674 % July 2002 (0.0612)%
February 2002 1.1584 % August 2002 0.3285 %
March 2002 0.6324 % September 2002 (0.3194)%
April 2002 1.1043 % October 2002 0.2006 %
At each Distribution Date a three-month rolling average delinquency percentage is calculated. If this percentage exceeds 2.0%,
any monthly excess servicing is used to fund the reserve account to 10.0% of the ending receivable balance. When the delinquency
percentage falls below 2.0%, the reserve account requirement returns to the greater of the specified target amount or the
specified minimum balance.
The delinquency percentage is calculated as follows:
The numerator of which is equal to the aggregate remaining gross balances of all outstanding receivables which are 61 days or
more past due as of the last day of the related monthly period and the denominator of which is equal to the aggregate remaining
gross balances of all outstanding receivables on the last day of such monthly period.
The three month rolling averages reported at each Distribution Date are as follows:
November 2001 0.81163% May 2002 0.87883%
December 2001 0.87814% June 2002 0.87373%
January 2002 0.96329% July 2002 0.86103%
February 2002 1.02708% August 2002 0.89586%
March 2002 1.07544% September 2002 0.90526%
April 2002 0.99994% October 2002 0.98045%
Exhibit 13(f)
Page 1 of 3
ANNUAL SUMMARY
Navistar Financial 2001-B Owner Trust
For the Months of November 2001 through October 2002
Fiscal Period 2002
Cut-off Date 11/01/01
Original Pool Amount at Cut-off Date $292,329,093.98
Cut-off Date 11/01/01
Original Pool Amount at Cut-off Date $59,897,861.72
Cut-off Date 12/10/01
Original Pool Amount at Cut-off Date $117,139,017.24
Cut-off Date 1/14/01
Original Pool Amount at Cut-off Date $30,633,447.04
Beginning Pool Balance as of 11/01/01 $488,173,121.74
Beginning Pool Factor as of 11/01/01 1.0000000
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $154,423,759.07
Interest Collected $34,109,316.70
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $4,009,762.45
Total Additional Deposits $4,009,762.45
Repos/Chargeoffs $7,602,043.57
Aggregate Number of Notes Charged Off 897
Total Available Funds $191,457,535.33
Ending Pool Balance as of 10/31/02 $327,232,621.99
Ending Pool Factor as of 10/31/02 0.6544660
Servicing Fee $4,004,638.15
Repayment of Servicer Advances $1,085,302.89
Reserve Account:
Beginning Balance as of 11/1/01 $18,168,129.95
12/01/01 transfer $5,564,103.32
01/14/02 transfer $1,455,088.73
Investment Income Earned during the Year $385,427.42
Target Percentage 5.50%
Target Balance as of 10/31/02 $17,997,794.21
Minimum Balance (2% of Initial Balance) $9,999,988.40
Transfer from/(to) Collections Account $12,333,509.43
(Release)/Deposit - Includes Investment Income ($19,908,464.64)
Ending Balance as of 10/31/02 $17,997,794.21
Delinquencies as of 10/31/02: Dollars Notes
Installments: 1-30 days 1,769,300.22 1,641
31-60 days 322,146.23 291
60+ days 138,601.76 63
Total 2,230,048.21 1,641
Balances: 60+ days 2,248,375.43 63
Exhibit 13(f)
Page 2 of 3
Navistar Financial 2001-B Owner Trust
For the Months of November 2001 through October 2002
Fiscal Period 2002
NOTES
TOTAL CLASS A-1 CLASS A-2 CLASS A-3 CLASS A-4 CLASS B
Original Pool Amount Distributions: $500,000,000.00 $79,638,000.00 $131,715,000.00 $179,000,000.00 $90,897,000.00 $18,750,000.00
Distribution Percentages 0.00% 96.25% 0.00% 0.00% 3.75%
Coupon 2.440% 2.830% 2.05% 4.370% 4.830%
Beginning Pool Balance $488,173,121.74
Ending Pool Balance $327,232,621.99
Collected Principal $153,338,456.18
Collected Interest $34,109,316.70
Charge-Offs $7,602,043.57
Liquidation Proceeds/Recoveries $4,009,762.45
Servicing $4,004,638.15
Cash Transfer (to) Reserve Acct. ($13,050.82)
Total Collections Available
for Debt Service $187,439,846.36
Beginning Balance as of 11/01/01 $488,173,701.76 $67,811,701.76 $131,715,000.00 $179,000,000.00 $90,897,000.00 $18,750,000.00
Interest Due $12,210,981.94 $449,748.92 $3,094,386.89 $3,831,123.53 $3,972,198.96 $863,523.64
Interest Paid $12,210,981.94 $449,748.92 $3,094,386.89 $3,831,123.53 $3,972,198.96 $863,523.64
Principal Due $160,940,499.75 $67,811,701.76 $89,637,026.34 $0.00 $0.00 $3,492,351.67
Mandatory Prepayments $580.02 $580.02
Principal Paid $160,941,079.77 $67,811,121.74 $89,637,026.34 $0.00 $0.00 $3,492,351.67
Ending Balance as of 10/31/02 $327,232,621.99 $0.00 $42,077,973.66 $179,000,000.00 $90,897,000.00 $15,257,648.33
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.00000 0.31946 1.00000 1.00000 0.81374
Total Distributions $173,152,061.71 $68,261,450.68 $92,731,413.23 $3,831,123.53 $3,972,198.96 $4,355,875.31
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 (required from Reserve) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Excess Servicing $12,346,560.25
Beginning Reserve Account Balance $18,168,129.95
12/10/01 transfer $5,564,103.32
1/14/02 transfer $1,455,088.76
Investment Income Earned
during the Period $385,427.42
Transfer from/(to) collections Account $12,333,509.43
(Release)/Draw
Included Investment Income ($19,908,464.64)
Ending Reserve Account Balance $17,997,794.21
Note: Ending principal balance includes the effect of the November distribution.
Exhibit 13(f)
Page 3 of 3
Navistar Financial 2001-B Owner Trust
For the Months of November 2001 through October 2002
Fiscal Period 2002
At each Distribution Date, an annualized loss percentage is computed. If the annualized percentage exceeds 1.5%, any monthly
excess servicing is used to fund the reserve account to 10.0% of the ending receivable balance. When the annualized loss
percentage falls below 1.5%, the reserve account requirement returns to the greater of the specified target amount or the
specified minimum balance.
The loss percentage is calculated as follows:
The numerator of which is equal to the sum of the aggregate losses plus liquidation proceeds for each of the monthly
periods which are the fifth, fourth and third monthly periods preceding the monthly period related to such Distribution
Date, minus the sum of the liquidation proceeds for the monthly periods which are the first, second and third monthly
periods preceding the monthly period related to such Distribution Date, and the denominator of which is the sum of the
remaining gross balances of all outstanding receivables as of the last day of each of the sixth, fifth and fourth
monthly periods preceding the monthly period related to such Distribution Date.
The annualized loss (recovery) percentages reported at each Distribution Date are as follows:
November 2001 N/A May 2002 1.3235 %
December 2001 0.0000 % June 2002 1.6353 %
January 2002 0.0000 % July 2002 0.7658 %
February 2002 0.2044 % August 2002 1.0912 %
March 2002 0.5063 % September 2002 0.6344 %
April 2002 1.4306 % October 2002 (0.0817)%
At each Distribution Date a three-month rolling average delinquency percentage is calculated. If this percentage exceeds 2.0%,
any monthly excess servicing is used to fund the reserve account to 10.0% of the ending receivable balance. When the delinquency
percentage falls below 2.0%, the reserve account requirement returns to the greater of the specified target amount or the
specified minimum balance.
The delinquency percentage is calculated as follows:
The numerator of which is equal to the aggregate remaining gross balances of all outstanding receivables which are 61 days or
more past due as of the last day of the related monthly period and the denominator of which is equal to the aggregate remaining
gross balances of all outstanding receivables on the last day of such monthly period.
The three month rolling averages reported at each Distribution Date are as follows:
November 2001 N/A May 2002 0.45126%
December 2001 0.24062% June 2002 0.44579%
January 2002 0.39711% July 2002 0.46168%
February 2002 0.47815% August 2002 0.52290%
March 2002 0.52323% September 2002 0.61240%
April 2002 0.48307% October 2002 0.66485%
Exhibit 13(g)
Page 1 of 3
ANNUAL SUMMARY
Navistar Financial 2002-A Owner Trust
For the Months of May 2002 through October 2002
Fiscal Year 2002
Cut-off Date 4/30/02
Original Pool Amount at Cut-off Date $317,954,886.53
Cut-off Date 4/30/02
Original Pool Amount at Cut-off Date $69,994,775.15
Cut-off Date 5/31/02
Original Pool Amount at Cut-off Date $112,050,220.64
Beginning Pool Balance as of 5/01/02 $499,999,882.32
Beginning Pool Factor as of 2/01/02 1.0000000
Principal and Interest Collections:
Principal Collected
(Including Servicer Advance Repay) $97,762,644.00
Interest Collected $18,585,506.71
Additional Deposits:
Repurchase Amounts $0.00
Liquidation Proceeds/Recoveries $311,769.86
Total Additional Deposits $311,769.86
Repos/Chargeoffs $1,401,616.20
Aggregate Number of Notes Charged Off 125
Total Available Funds $115,713,677.98
Ending Pool Balance as of 10/31/02 $401,781,864.71
Ending Pool Factor as of 10/31/02 0.8035639
Servicing Fee $2,542,189.04
Repayment of Servicer Advances $946,242.59
Reserve Account:
Beginning Balance as of 5/1/02 $20,699,183.88
5/31 transfer $5,621,744.35
Investment Income Earned during the Year $215,856.34
Target Percentage 5.50%
Target Balance as of 10/31/02 $22,098,002.56
Minimum Balance (2% of Initial Balance) $9,999,997.65
Transfer from/(to) Collections Account $4,796,345.46
(Release)/Deposit - Includes Investment Income ($8,557,546.44)
Ending Balance as of 10/31/02 $22,775,583.59
Delinquencies as of 10/31/02: Dollars Notes
Installments:
1-30 days 1,412,625.08 1,366
31-60 days 267,886.00 231
60+ days 64,961.69 29
Total 1,745,472.77 1,366
Balances: 60+ days 1,581,235.77 29
Exhibit 13(g)
Page 2 of 3
Navistar Financial 2002-A Owner Trust
For the Months of November 2001 through October 2002
Fiscal Year 2002
NOTES
TOTAL CLASS A-1 CLASS A-2 CLASS A-3 CLASS A-4 CLASS B NOTES
Original Pool Amount Distributions: $500,000,000.00 $73,000,000.00 $182,000,000.00 $104,000,000.00 $121,000,000.00 $20,000,000.00
Distribution Percentages 0.00% 96.00% 0.00% 0.00% 4.00%
Coupon 1.960% 3.070% 4.090% 4.760% 4.950%
Beginning Pool Balance $499,999,882.32
Ending Pool Balance $401,781,864.71
Collected Principal $96,816,401.41
Collected Interest $18,585,506.71
Charge-Offs $1,401,616.20
Liquidation Proceeds/Recoveries $311,769.86
Servicing $2,542,189.04
Cash Transfer (to) Reserve Acct. $0.00
Total Collections Available
for Debt Service $113,171,488.94
Beginning Balance as of 11/01/01 $500,000,000.00 $73,000,000.00 $182,000,000.00 $104,000,000.00 $121,000,000.00 $20,000,000.00
Interest Due $9,283,187.97 $317,917.81 $3,006,544.67 $2,304,033.35 $3,119,783.35 $534,908.79
Interest Paid $9,283,187.97 $317,917.81 $3,006,544.67 $2,304,033.35 $3,119,783.35 $534,908.79
Principal Due $98,218,135.29 $73,000,000.00 $24,209,409.88 $0.00 $0.00 $1,008,725.41
Principal Paid $98,218,135.29 $73,000,000.00 $24,209,409.88 $0.00 $0.00 $1,008,725.41
Ending Balance as of 10/31/02 $401,781,864.71 $0.00 $157,790,590.12 $104,000,000.00 $121,000,000.00 $18,991,274.59
Note/Certificate Pool Factor
(Ending Balance/Original Pool Amount) 0.00000 0.86698 1.00000 1.00000 0.94956
Total Distributions $107,501,323.26 $73,317,917.81 $27,215,954.55 $2,304,033.35 $3,119,783.35 $1,543,634.20
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 (required from Reserve) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Excess Servicing $4,796,345.46
Beginning Reserve Account Balance $20,699,183.88
5/31 transfer $5,621,744.35
Investment Income Earned
during the Period $215,856.34
Transfer from/(to) collections Account $4,796,345.46
(Release)/Draw
Included Investment Income ($8,557,546.44)
Ending Reserve Account Balance $22,775,583.59
Note: Ending principal balance includes the effect of the November distribution.
Exhibit 13(g)
Page 3 of 3
Navistar Financial 2002-A Owner Trust
For the Months of November 2001 through October 2002
Fiscal Year 2002
At each Distribution Date, an annualized loss percentage is computed. If the annualized percentage exceeds 1.5%, any monthly
excess servicing is used to fund the reserve account to 10.0% of the ending receivable balance. When the annualized loss
percentage falls below 1.5%, the reserve account requirement returns to the greater of the specified target amount or the
specified minimum balance.
The loss percentage is calculated as follows:
The numerator of which is equal to the sum of the aggregate losses plus liquidation proceeds for each of the monthly
periods which are the fifth, fourth and third monthly periods preceding the monthly period related to such Distribution
Date, minus the sum of the liquidation proceeds for the monthly periods which are the first, second and third monthly
periods preceding the monthly period related to such Distribution Date, and the denominator of which is the sum of the
remaining gross balances of all outstanding receivables as of the last day of each of the sixth, fifth and fourth
monthly periods preceding the monthly period related to such Distribution Date.
The annualized loss (recovery) percentages reported at each Distribution Date are as follows:
November 2001 N/A May 2002 N/A
December 2001 N/A June 2002 0.0000 %
January 2002 N/A July 2002 0.0000 %
February 2002 N/A August 2002 0.2940 %
March 2002 N/A September 2002 0.3194 %
April 2002 N/A October 2002 (0.0129)%
At each Distribution Date a three-month rolling average delinquency percentage is calculated. If this percentage exceeds 2.0%,
any monthly excess servicing is used to fund the reserve account to 10.0% of the ending receivable balance. When the delinquency
percentage falls below 2.0%, the reserve account requirement returns to the greater of the specified target amount or the
specified minimum balance.
The delinquency percentage is calculated as follows:
The numerator of which is equal to the aggregate remaining gross balances of all outstanding receivables which are 61 days or
more past due as of the last day of the related monthly period and the denominator of which is equal to the aggregate remaining
gross balances of all outstanding receivables on the last day of such monthly period.
The three month rolling averages reported at each Distribution Date are as follows:
November 2001 N/A May 2002 N/A
December 2001 N/A June 2002 0.16350%
January 2002 N/A July 2002 0.18233%
February 2002 N/A August 2002 0.24403%
March 2002 N/A September 2002 0.34706%
April 2002 N/A October 2002 0.37617%