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Toronto, ON - Dec. 12, 2012 - Canadian Capital Auto Receivables Asset Trust II (CCARAT II) announced that it has been advised by Ally Credit Canada Limited (ACCL)  that ACCL, as servicer, intends to elect to exercise its option to purchase all right, title and interest of CCARAT II in the portfolio of secured loans which secure the payment of the 3.053 percent Auto Loan Receivables-Backed Notes, Series 2010-1, Class A-3 and 3.954 percent Auto Loan Receivables-Backed Notes, Series 2010-1, Class B (collectively, the “Series 2010-1 Notes”) previously issued by CCARAT II.  ACCL has indicated that the purchase option will be exercised on Dec.17, 2012, and, as such, final payment of all amounts owing on the Series 2010-1 Notes shall be paid to the holders thereof on Dec. 17, 2012, in accordance with the terms of such notes.

CCARAT II is a special purpose master trust, the business activities of which are limited to the purchase, acquisition, administration and sale of financial assets, including financial assets acquired from ACCL and its affiliates, and the borrowing of funds or the issuance of securities to finance these purchases.

Contact:

Sarah Comstock
313-656-6954
sarah.n.comstock@ally.com