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Exhibit 10.7

AMENDMENT NO. 1 TO AMENDED AND RESTATED
PURCHASE AND SALE AGREEMENT

        THIS AMENDMENT NO. 1 TO AMENDED AND RESTATED PURCHASE AND SALE AGREEMENT
(this "Amendment"), dated as of June 15, 2004, is entered into between AFC
FUNDING CORPORATION, an Indiana corporation (the "Company") and AUTOMOTIVE
FINANCE CORPORATION, an Indiana corporation (the "Originator").

R E C I T A L S

        A. The Company and the Originator are parties to that certain Amended
and Restated Purchase and Sale Agreement, dated as of May 31, 2002, and as may
be further amended, amended and restated, supplemented or otherwise modified
from time to time (the "Agreement").

        B. The Company, the Originator, Fairway Finance Company, LLC, Harris
Nesbitt Corp. and XL Capital Assurance Inc. are parties to that certain Second
Amended and Restated Receivables Purchase Agreement, dated as of June 15, 2004
(the "Receivables Purchase Agreement").

        C. The Company and the Originator desire to amend the Agreement as
hereinafter set forth.

        NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:

        1.    Certain Defined Terms. Capitalized terms used but not defined
herein have the meanings provided in the Receivables Purchase Agreement.

        2.    Amendments to Agreement. The Agreement is amended as follows:

        2.1    Section 5.11(b) of the Agreement is hereby amended and restated
in its entirety as follows:

"(b) No effective financing statement or other instrument similar in effect
covering any Receivable or any Related Right is on file in any recording office
except such as may be filed in favor of the Company in accordance with this
Agreement or in favor of the Agent for the benefit of Purchasers in accordance
with the Receivables Purchase Agreement."

        2.2    Section 5.20 of the Agreement is hereby amended in its entirety
to read as follows:

["So long as the Originator is the Servicer, each Pool Receivable included as an
Eligible Receivable in the calculation of Net Receivables Pool Balance is an
Eligible Receivable as of the date of such calculation. The Servicer, on behalf
of the Company,may from time to time on the Servicer Report identify specific
Receivables as "Specified Ineligible Receivables."]

        2.3    Section 6.1(c) of the Agreement is hereby amended and restated in
its entirety as follows:

"(c) Receivables Review. (i) From time to time during regular business hours,
upon reasonable prior notice as requested by the Company, the Agent or the
Insurer, permit the Company, the Agent or the Control Party, or their registered
agents or representatives, (A) to examine and make copies of and abstracts from
all books, records and documents (including, without limitation, computer tapes
and disks) in the possession or under the control of the Originator relating to
Receivables and the Related Rights, including, without limitation, the related
Contracts, and (B) to visit the offices and properties of the Originator for the
purpose of examining such materials described in clause (A) above, and to
discuss matters relating to Receivables and the Related Rights or the
Originator's performance hereunder or under the Contracts with any of the
officers or employees of the Originator having knowledge of such matters; and
(ii) without limiting the provisions of clause (i) immediately above, from time
to time on request of the Insurer or the Agent, permit certified public
accountants or other auditors acceptable to the Insurer or the Agent, as
applicable, to conduct a review of its books and records with regards to the
Receivables and Related Rights; provided, however, that the Control Party (or if
the Control Party is the Majority Purchasers, the

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Agent) shall not be reimbursed for more than two such examinations in any year
(including any examinations conducted pursuant to any other Transaction Document
but excluding any audit conducted pursuant to Section 4.2(a) of the Receivables
Purchase Agreement unless (x) a Level One Trigger has occurred and is
continuing, in which case the Company, the Control Party or the Agent shall be
reimbursed for four such examinations per year in addition to any audits
conducted pursuant to Section 4.2(a) of the Receivables Purchase Agreement or
(y) a Termination Event, Unmatured Termination Event or Control Party Notice
Event has occurred, in which case the Control Party (or if the Control Party is
the Majority Purchasers, the Agent) shall be reimbursed for all such
examinations. The Control Party agrees to notify the Agent of any such
examinations and agrees that the Agent can be present at any such examinations."

        2.4    Section 6.1(i) of the Agreement is hereby amended by removing
"paragraph (16)" therein and replacing it with "paragraph (17)".

        2.5    Section 8.1(g) of the Agreement is hereby amended by removing the
amount "$250,000" from the final sentence thereof and replacing it with
"$10,000,000."

        2.6    Schedule 1.1b of the Agreement is hereby amended and replaced in
its entirety with Schedule 1.1b hereto.

        3.    Representations and Warranties. The Originator hereby represents
and warrants to the Company as follows:

        (a)    Representations and Warranties. The representations and
warranties of the Originator contained in Article V of the Agreement are true
and correct as of the date hereof (unless stated to relate solely to an earlier
date, in which case such representations and warranties were true and correct as
of such earlier date).

        (b)    Enforceability. The execution and delivery by the Originator of
this Amendment, and the performance of its obligations under this Amendment and
the Agreement, as amended hereby, are within its corporate powers and have been
duly authorized by all necessary corporate action on its part. This Amendment
and the Agreement, as amended hereby, are its valid and legally binding
obligations, enforceable in accordance with its terms.

        (c)    Purchase and Sale Termination Event. No Purchase and Sale
Termination Event has occurred and is continuing.

        4.    Effectiveness. This Amendment shall become effective as of the
date hereof upon receipt by the Company, the Originator, the Agent and the
Insurer of counterparts of this Amendment and the Receivables Purchase
Agreement, each duly executed and dated as of the date hereof (or such other
date satisfactory to the Agent and the Insurer), in form and substance
satisfactory to the Agent and the Insurer.

        5.    Effect of Amendment. Except as expressly amended and modified by
this Amendment, all provisions of the Agreement shall remain in full force and
effect. After this Amendment becomes effective, all references in the Agreement
(or in any other Transaction Document) to "the Purchase and Sale Agreement,"
"this Agreement," "hereof," "herein" or words of similar effect, in each case
referring to the Agreement, shall be deemed to be references to the Agreement as
amended by this Amendment. This Amendment shall not be deemed to expressly or
impliedly waive, amend or supplement any provision of the Agreement other than
as set forth herein.

        6.    Counterparts. This Amendment may be executed in any number of
counterparts and by different parties on separate counterparts, and each
counterpart shall be deemed to be an original, and all such counterparts shall
together constitute but one and the same instrument.

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        7.    Governing Law. This Amendment shall be governed by, and construed
in accordance with, the internal laws of the State of Indiana without reference
to conflict of laws principles.

        8.    Section Headings. The various headings of this Amendment are
inserted for convenience only and shall not affect the meaning or interpretation
of this Amendment or the Agreement or any provision hereof or thereof.

        IN WITNESS WHEREOF, the parties have executed this Amendment as of the
date first above written.

 
 
AFC FUNDING CORPORATION
 
 
By:
 
/s/  CURTIS L. PHILLIPS      

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    Name:   Curtis L. Phillips

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    Title:   Treasurer

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AUTOMOTIVE FINANCE CORPORATION
 
 
 
 
By
 
/s/  CURTIS L. PHILLIPS      

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    Name:   Curtis L. Phillips

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    Title:   Treasurer

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CONSENTED TO BY:
 
 
XL CAPITAL ASSURANCE INC.
 
 
By:
 
/s/  RICHARD PFALTZGRAFF      

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  Name:   Richard Pfaltzgraff

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    Title:   Managing Director

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SCHEDULE 1.1b

EXCLUDED RECEIVABLES

        "Excluded Receivables" has the meaning provided in the Receivables
Purchase Agreement.

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Exhibit 10.7

AMENDMENT NO. 1 TO AMENDED AND RESTATED PURCHASE AND SALE AGREEMENT
R E C I T A L S
SCHEDULE 1.1b
EXCLUDED RECEIVABLES