8-K 1 gsalt041.txt MARCH 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 15, 2004 GS AUTO LOAN TRUST 2004-1 ------------------------------------------------------------ (Exact name of registrant as specified in its charter) New York 333-101904-02 51-6548509 -------------------------------------------------------------------- (governing law of (Commission (IRS EIN) Sales and Servicing Agreement) File Number) (State or other jurisdiction of Incorporation) Wells Fargo Bank, N.A. 6th Street and Marquette Avenue Minneapolis, MN 55479 -------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (612) 667-8058 (Former name or former address, if changed since last report) ITEM 5. Other Events On March 15, 2004 a distribution was made to holders of GS AUTO LOAN TRUST 2004-1 ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of GS Auto Loan Trust 2004-1 relating to the March 15, 2004 distribution - REVISED March 26, 2004. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GS AUTO LOAN TRUST 2004-1 By: Wells Fargo Bank, NA as Trustee By: /s/ Edna Barber, Assistant Vice President By: Edna Barber, Assistant Vice President Date: 4/1/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of GS AUTO LOAN TRUST 2004-1, relating to the March 15, 2004 distribution REVISED March 26, 2004 EX-99.1

~~Exhibit~~GS ~~Number~~AUTO ~~Item~~LOAN ~~601~~TRUST 2004-1 Record Date: 3/14/04 Distribution Date: 3/15/04 GS AUTO LOAN TRUST 2004-1 Contact: Wells Fargo Bank, N.A. 6th Street and Marquette Avenue Minneapolis, MN 55479 Telephone: (a612) of667-8058 ~~Regulation~~Fax: S(612) 667-K3529 ~~Sequentially~~Distribution ~~Numbered~~Summary ~~Page~~DISTRIBUTION IN DOLLARS ORIGINAL BEGINNING ENDING FACE PRINCIPAL UNPAID UNPAID PRINCIPAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL PRINCIPAL INTEREST BALANCE A-1 336,137,000.00 336,137,000.00 42,355,263.76 207,284.48 42,562,548.24 0.00 0.00 293,781,736.24 A-2 297,914,000.00 297,914,000.00 0.00 260,674.75 260,674.75 0.00 0.00 297,914,000.00 A-3 314,944,000.00 314,944,000.00 0.00 391,317.92 391,317.92 0.00 0.00 314,944,000.00 A-4 224,081,000.00 224,081,000.00 0.00 346,391.88 346,391.88 0.00 0.00 224,081,000.00 B 56,587,000.00 56,587,000.00 0.00 70,969.53 70,969.53 0.00 0.00 56,587,000.00 C 26,704,000.00 26,704,000.00 0.00 41,747.25 41,747.25 0.00 0.00 26,704,000.00 D 29,248,000.00 29,248,000.00 0.00 85,306.67 85,306.67 0.00 0.00 29,248,000.00 Cert 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE INTEREST RATES BEGINNING ENDING Interest CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL Class Rate A-1 36292RAJ10 1,000.00000000 126.00595519 0.61666667 126.62262186 873.99404481 A-1 1.11% A-2 36292RAK7 1,000.00000000 0.00000000 0.87500000 0.87500000 1,000.00000000 A-2 1.50% A-3 36292RAL5 1,000.00000000 0.00000000 1.24250000 1.24250000 1,000.00000000 A-3 2.13% A-4 36292RAM3 1,000.00000000 0.00000000 1.54583333 1.54583333 1,000.00000000 A-4 2.65% B 36292RAN1 1,000.00000000 0.00000000 1.25416667 1.25416667 1,000.00000000 B 2.15% C 36292RAP6 1,000.00000000 0.00000000 1.56333333 1.56333333 1,000.00000000 C 2.68% D 36292RAQ4 1,000.00000000 0.00000000 2.91666667 2.91666667 1,000.00000000 D 5.00% Collections received with respect to the receivables Payments Collected Attributed to Principal $23,314,321.96 Accounts Paid in Full 15,140,111.38 Liquidated Receivables (including Cram-downs) 39,896.47 Repurchased Receivables 19,648.90 Payments Collected Attributed to Interest 6,619,346.51 Other Pool Balance Reductions Small Balance write offs 5,051.10 Other Principal Reductions 218.47 Principal Allocations Regular Principal Allocation 19,081,224.69 Regular Principal Allocation per $1,000 original principal balance 14.84209868 First Allocation of Principal 0.00 First Allocation of Principal per $1,000 original principal balance 0.00000000 Second Allocation of Principal 0.00 Second Allocation of Principal per $1,000 original principal balance 0.00000000 Third Allocation of Principal 23,274,039.07 Third Allocation of Principal per $1,000 original principal balance 18.10342837 Pool Balance and Pool Factor Beginning Pool Balance 1,271,628,119.69 Beginning Pool Factor 1.000000000 Ending Pool Balance 1,233,092,960.93 Ending Pool Factor 0.969696204 Principal Payment Amounts Class A-1 ~~Exhibit~~Principal NoPayment Amount 42,355,263.76 ~~Description~~increase / (decrease) in Class A-1 unpaid principal 0.00 Class A-1 previously due and unpaid principal 0.00 Class A-2 Principal Payment Amount 0.00 increase / (decrease) in Class A-2 unpaid principal 0.00 Class A-2 previously due and unpaid principal 0.00 Class A-3 Principal Payment Amount 0.00 increase / (decrease) in Class A-3 unpaid principal 0.00 Class A-3 previously due and unpaid principal 0.00 Class A-4 Principal Payment Amount 0.00 increase / (decrease) in Class A-4 unpaid principal 0.00 Class A-4 previously due and unpaid principal 0.00 Class B Principal Payment Amount 0.00 increase / (decrease) in Class B unpaid principal 0.00 Class B previously due and unpaid principal 0.00 Class C Principal Payment Amount 0.00 increase / (decrease) in Class C unpaid principal 0.00 Class C previously due and unpaid principal 0.00 Class D Principal Payment Amount 0.00 increase / (decrease) in Class D unpaid principal 0.00 Class D previously due and unpaid principal 0.00 Certificate Distribution Amount 0.00 Interest Payment Amounts Class A-1 Interest Payment Amount 207,284.48 increase / (decrease) in Class A-1 unpaid interest 0.00 Class A-1 previously due and unpaid interest 0.00 Class A-2 Interest Payment Amount 260,674.75 increase / (decrease) in Class A-2 unpaid interest 0.00 Class A-2 previously due and unpaid interest 0.00 Class A-3 Interest Payment Amount 391,317.92 increase / (decrease) in Class A-3 unpaid principal 0.00 Class A-3 previously due and unpaid interest 0.00 Class A-4 Interest Payment Amount 346,391.88 increase / (decrease) in Class A-~~-----------~~4 unpaid interest 0.00 Class A-~~----------~~4 previously due and unpaid interest 0.00 Class B Interest Payment Amount 70,969.53 increase / (decrease) in Class B unpaid principal 0.00 Class B previously due and unpaid interest 0.00 Class C Interest Payment Amount 41,747.25 increase / (decrease) in Class C unpaid interest 0.00 Class C previously due and unpaid interest 0.00 Class D Interest Payment Amount 85,306.67 increase / (decrease) in Class D unpaid interest 0.00 Class D previously due and unpaid interest 0.00 Certificates n/a Fees Paid Net Servicing Fee (current month) 21,193.80 Amount current month Net Servicing Fee not paid 0.00 Repayment of prior unpaid Net Servicing Fees 0.00 Net Servicing Fee paid to Servicer 21,193.80 Net Servicing Fee per $1,000 99original principal balance 0.016666667 cumulative balance of unpaid Net Servicing Fee 0.00 Receivables Servicer Supplement Payment Amount Ford Credit 298,552.19 Huntington 761,137.91 Total Receivables Servicer Supplement Payment Amount 1,059,690.10 ~~Goldman~~per $1,000 ~~Sachs~~original &principal Cobalance 0.833333333 ~~Filed~~Reimbursement ~~Computational~~of ~~Materials~~Servicing ~~Electronically~~Advances 20.00 99per $1,000 original principal balance 0.2000000000 ~~Goldman~~Reimbursement of Prior Month Interest Advances 291,818.41 ~~Sachs~~per &$1,000 Cooriginal principal balance 0.229484081 ~~Filed~~Owner ~~Computational~~Trustee ~~Materials~~Fee ~~Electronically~~833.33 per $1,000 original principal balance 0.000655328 Indenture Trustee Fee 833.33 per $1,000 original principal balance 0.000655328 Current Period Losses Realized Losses 21,218.24 Cram Down Losses 0.00 Current Period Liquidated or Purchased Receivables Purchase Amount of Receivables repurchased 19,648.90 Liquidated Receivables 61,114.71 Delinquency Information Group Totals Principal Period Number Balance Percentage 30 - 59 days 414 6,512,656.67 0.53% 60 - 89 days 15 233,828.38 0.02% 90 + days 0 0.00 0.00% Totals 429 6,746,485.05 0.55% Repossession Information (Total Inventory) Number of Receivables Repossessed 21 Balance of Receivables Repossessed 333,710.67 Extension Information Number of Extensions Granted 612 Principal Balance of Receivables for Extensions Granted 9,541,604.06 Overcollateralization Amounts Beginning Target Overcollateralization Level 25,432,562.39 Ending Target Overcollateralization Level 24,661,859.22 Three-Month Annualized Net Loss Ratio 0.01% Cumulative Net Loss Ratio 0.00% Annualized Net Loss Ratio 0.02% WAC 6.36 WAM 50.60

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