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Exhibit 99.2 PricewaterhouseCoopers, LLP
One North Wacker
Chicago, IL 60606
Telephone (312) 298-2000 Report of Independent Accountants on Compliance with
Specified Wholesale Receivable Servicing Standards To the Board of Directors of VW Credit, Inc. and
The Bank of New York, Indenture Trustee: Re: The Trust Sale and Servicing Agreement (the Agreement) by and among
Volkswagen Credit Auto Master Owner Trust, as Issuer, Volkswagen Dealer
Finance, LLC, as Transferor, and VW Credit, Inc. as Servicer, dated August 10,
2000 We have examined managements assertion about VW Credit Inc.s (the Company)
compliance with the applicable servicing standards related to wholesale
receivables identified in Exhibit I (collectively, the specified servicing
standards) which were derived from the Mortgage Bankers Association of
Americas Uniform Single Attestation Program for Mortgage Bankersas of and for
the year ended December 31, 2003 included in the accompanying management
assertion (see Exhibit II). Management is responsible for the Companys
compliance with those specified servicing standards. Our responsibility is to
express an opinion on managements assertion about the Companys compliance
based on our examination. Our examination was made in accordance with attestation standards established
by the American Institute of Certified Public Accountants and, accordingly,
included examining, on a test basis, evidence about the Companys compliance
with the specified servicing standards and performing such other procedures as
we considered necessary in the circumstances. We believe that our examination
provides a reasonable basis for our opinion. Our examination does not provide
a legal determination on the Companys compliance with the specified servicing
standards. In our opinion, managements assertion that the Company complied with the
aforementioned specified servicing standards as of and for the year ended
December 31, 2003 is fairly stated, in all material respects. /s/ PricewaterhouseCoopers, LLP PricewaterhouseCoopers, LLP
February 20, 2004




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(VOLKSWAGEN CREDIT) 3800 Hamlin Road
Auburn Hills, MI 48326 Exhibit IIManagements Assertion Concerning Compliance
with Specified Wholesale Receivable Servicing Standards February 20, 2004 Re: The Trust Sale and Servicing Agreement (the Agreement) by and among
Volkswagen Credit Auto Master Owner Trust, as Issuer, Volkswagen Dealer
Finance, LLC,
as Transferor, and VW Credit, Inc., as Servicer, dated August 10, 2000 Ladies and Gentlemen: As of and for the year ended December 31, 2003, VW Credit, Inc. (the Company)
have complied in all material respects with the applicable specified servicing
standards related to wholesale receivables identified in Exhibit I
(collectively, the specified servicing standards) which were derived from the
Mortgage Bankers Association of Americas Uniform Single Attestation Program
for Mortgage Bankers. /s/ Kevin Kelly
Kevin Kelly,
President, VW Credit, Inc./s/ Frank Witter
Frank Witter,
Chief Financial Officer, VW Credit, Inc./s/ Dennis Tack
Dennis Tack
Controller, VW Credit, Inc.




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Exhibit ISpecified Wholesale Receivable Servicing Standards Advances  
    
    Funds of the servicing entity shall be advanced in accordance with
The Trust Sale and Servicing Agreement (the Agreement) by and among
Volkswagen Credit Auto Master Owner Trust, as Issuer, Volkswagen Dealer
Finance, LLC, as Transferor, and VW Credit, Inc., as Servicer, dated
August 10, 2000 Wholesale Finance Receivable Payments  
    
    Wholesale finance receivable payments shall be deposited into the
servicers bank account within two business days of receipt.
    
    Wholesale finance receivable payments made in accordance with the
borrowers loan documents shall be posted to the applicable borrowers
records within two business days of receipt.
    
    Wholesale finance receivables payments shall be allocated to
principal, interest, insurance, taxes or other escrow items in
accordance with the borrowers loan documents.
    
    Wholesale finance receivables payments identified as loan payoffs
shall be allocated in accordance with the borrowers loan documents. Disbursements  
    
    Disbursements made via wire transfer on behalf of a borrower or
investor shall be made only by authorized personnel.
    
    Amounts remitted to investors per the servicers investor reports
shall agree with cancelled checks, or other form of payment, or
custodial bank statements. Investor Accounting and Reporting  
    
    The servicing entitys investor reports shall agree with, or
reconcile to, servicers records on a monthly basis as to the total
unpaid principal balance serviced by the servicing entity.