Press Room

GMAC LLC Exercises Option to Purchase Capital Auto Receivables Asset Trust 2003-02

Oct 5, 2006

DETROIT – GMAC LLC announced today that it will exercise its option to purchase the remainder of the Capital Auto Receivables Asset Trust 2003-2 on Oct. 16, 2006. This will result in a termination of all of the outstanding Capital Auto Receivables Asset Trust 2003-2 Class A-4a 1.960% Asset Backed Notes, all of the outstanding Capital Auto Receivables Asset Trust 2003-2 Class A-4b 1-Month LIBOR + 0.060% Asset Backed Notes, and all of the outstanding Capital Auto Receivables Asset Trust 2003-2 Class B 1-Month LIBOR + 0.280% Asset Backed Certificates.

The Class A-4a and Class A-4b Notes will be purchased at $542.43425124 per $1,000 face amount, plus accrued interest from Sept. 15, 2006. A total of $250,000,000 of Class A-4a 1.960% Asset Backed Notes and $255,400,000 of Class A-4b 1-Month LIBOR + 0.060% Asset Backed Notes were sold to the public in June 2003.

The Notes may be presented and surrendered for payment to JPMorgan Chase Bank, Institutional Trust Services, P.O. Box 2320 , Dallas , TX 75221-2320. Interest on the Notes will cease to accrue on and after Oct. 16, 2006.

The Certificates will be purchased at $126.72010286 per $1,000 face amount, plus accrued interest from Sept. 15, 2006. A total of $90,261,344.19 of Capital Auto Receivables Asset Trust 2003-2 Class B 1-Month LIBOR + 0.280% Asset Backed Certificates were sold to the public in June 2003.

The Certificates may be presented and surrendered for payment to Deutsche Bank, DB Services Tennessee, Inc., Corporate Trust & Agency Services, Securities Payment Unit, 648 Grassmere Park Road , Nashville , TN , 37211. Interest on the Certificates will cease to accrue on and after Oct. 16, 2006.

GMAC is a global, financial services company that operates in 39 countries, in auto finance, residential mortgage, insurance and commercial finance businesses. With more than $300 billion in assets, it generated nearly $2.4 billion in net income in 2005, on net revenues of $19.2 billion.

Contacts:
Michael Stoller, GMAC Communications
313-665-0955
michael.stoller@gm.com

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