<Page>

                                                                     EXHIBIT 4.3

================================================================================

                         HOUSEHOLD FINANCE CORPORATION,
                               as Master Servicer,

                     HOUSEHOLD AUTOMOTIVE TRUST __________,
                                   as Issuer,

                     HOUSEHOLD AUTO RECEIVABLES CORPORATION,
                                   as Seller,

                          [NAME OF INDEBTURE TRUSTEE],
                              as Indenture Trustee,

                            [NAME OF OWNER TRUSTEE],
                                as Owner Trustee

                                       and

                          [[NAME OF DELAWARE TRUSTEE],
                              as Delaware Trustee]

================================================================================

                                SERIES SUPPLEMENT

                           Dated as of _______________
                                     to the

                                    INDENTURE

                           Dated as of _______________

                       MASTER SALE AND SERVICING AGREEMENT

                           Dated as of _______________

                                   and to the

                     [AMENDED AND RESTATED] TRUST AGREEMENT

                        Dated as of _______________, 2002

================================================================================

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                                TABLE OF CONTENTS

<Table>
<Caption>
                                                                                               PAGE
<S>                                                                                              <C>
ARTICLE I CREATION OF THE NOTES...................................................................1

   SECTION 1.01. DESIGNATION......................................................................1
   SECTION 1.02. PLEDGE OF SERIES TRUST ESTATE....................................................1
   SECTION 1.03. PAYMENTS AND COMPUTATIONS........................................................3
   SECTION 1.04. DENOMINATIONS....................................................................3

ARTICLE II DEFINITIONS............................................................................3

   SECTION 2.01. DEFINITIONS......................................................................3

ARTICLE III DISTRIBUTIONS AND STATEMENTS TO NOTEHOLDERS; SERIES SPECIFIC COVENANTS...............11

   SECTION 3.01. TRUST ACCOUNTS..................................................................11
   SECTION 3.02. RESERVE ACCOUNT.................................................................12
   SECTION 3.03. DISTRIBUTIONS...................................................................12
   SECTION 3.04. STATEMENTS TO NOTEHOLDERS.......................................................15
   SECTION 3.05. REPORTING REQUIREMENTS..........................................................16
   SECTION 3.06. COMPLIANCE WITH WITHHOLDING REQUIREMENTS........................................16
   SECTION 3.07. SPECIAL COVENANTS AND ACKNOWLEDGEMENTS..........................................17
   SECTION 3.08. TAX CHARACTERIZATION............................................................17

ARTICLE IV EVENTS OF DEFAULT; REMEDIES...........................................................17

   SECTION 4.01. EVENTS OF DEFAULT...............................................................17
   SECTION 4.02. RIGHTS UPON EVENT OF DEFAULT....................................................18
   SECTION 4.03. REMEDIES........................................................................19
   SECTION 4.04. PRIORITIES......................................................................20

ARTICLE V PREPAYMENT AND REDEMPTION..............................................................21

   SECTION 5.01. OPTIONAL "CLEAN-UP" REDEMPTION..................................................21

ARTICLE VI MISCELLANEOUS.........................................................................22

   SECTION 6.01. RATIFICATION OF BASIC DOCUMENTS.................................................22
   SECTION 6.02. COUNTERPARTS....................................................................22
   SECTION 6.03. GOVERNING LAW...................................................................22
   SECTION 6.04. AMENDMENTS WITHOUT CONSENT OF NOTEHOLDERS.......................................22
   SECTION 6.05. AMENDMENTS WITH CONSENT OF THE NOTEHOLDERS......................................23
   SECTION 6.06. AUTHORITY TO REGISTER NOTES AND FILE REPORTS....................................25
   SECTION 6.07. AUTHORITY TO PERFORM DUTIES OF THE ISSUER.......................................25
   SECTION 6.08. NOTICES.........................................................................26
   SECTION 6.09. THIRD-PARTY BENEFICIARY.........................................................26

Schedule I     Schedule of Eligibility Criteria
Schedule II-A  Schedule of Receivables (New)
Schedule II-B  Schedule of Receivables (Warehouse Trust)
Exhibit A      Form of Master Servicer's Certificate
Exhibit B      Forms of Notes
Exhibit C      Form of Investor Certification
</Table>

                                        i
<Page>

          This Series Supplement, dated as of _______________, is by and among
Household Finance Corporation, a Delaware corporation, as Master Servicer (the
"MASTER SERVICER"), Household Automotive Trust __________, a Delaware business
trust, as Issuer (the "ISSUER" or the "TRUST"), Household Auto Receivables
Corporation, a Nevada corporation, as Seller (the "SELLER"), [NAME OF INDENTURE
TRUSTEE], a ____________________, as trustee for the Noteholders (the "INDENTURE
TRUSTEE"), [NAME OF OWNER TRUSTEE], a ____________________, as owner trustee
(the "OWNER TRUSTEE") for the Certificateholders[, and [NAME OF DELAWARE
TRUSTEE], a ____________________ with its principal place of business in
Delaware, as Delaware trustee (the "DELAWARE Trustee")].

                                    RECITALS

          This Series Supplement is executed and delivered by the parties hereto
pursuant to Section 9.3 of the Indenture (the "INDENTURE") dated as of
_______________ between the Issuer and the Indenture Trustee and pursuant to
Section 3.2 of the [Amended and Restated ]Trust Agreement (the "TRUST
AGREEMENT") dated as of _______________ among the Seller, the Owner Trustee[ and
the Delaware Trustee]. In the event that any term or provision contained herein
shall conflict with or be inconsistent with any term or provision contained in
the Indenture or the Trust Agreement, the terms and provisions of this Series
Supplement shall govern.

                                    ARTICLE I
                              CREATION OF THE NOTES

          SECTION 1.01.   DESIGNATION.

          (a)    There is hereby created a series of Notes, substantially in the
form of EXHIBIT B hereto, to be issued pursuant to the Indenture and this Series
Supplement to be known as "Household Automotive Trust __________, Series
__________ Notes" (as used herein, the "NOTES"). The Notes shall be issued in
[four ]classes (each, a "CLASS"): [Class A-1 Notes in an aggregate initial
principal amount of $_______________ (the "CLASS A-1 NOTES"), Class A-2 Notes in
an aggregate initial principal amount of $_______________ (the "CLASS A-2
NOTES"), Class A-3 Notes in an aggregate initial principal amount of
$_______________ (the "CLASS A-3 NOTES"), and Class A-4 Notes in an aggregate
initial principal amount of $_______________ (the "CLASS A-4 NOTES" and together
with Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes, the "CLASS A
NOTES")].

          (b)    There is hereby created a series of Certificates to be issued
pursuant to the Trust Agreement and this Series Supplement to be known as the
"Household Automotive Trust __________, Series __________ Certificates" (as used
herein, the "CERTIFICATES").

          SECTION 1.02.   PLEDGE OF SERIES TRUST ESTATE.

          The Issuer hereby Grants to the Indenture Trustee, for the benefit of
the Secured Parties, all of the Issuer's right, title and interest (but none of
its obligations) in and to all personal property, whether now owned or hereafter
acquired and whether accounts, chattel paper, claims and causes of action,
deposit accounts, documents, goods, instruments, investment property,
letter-of-credit rights, letters of credit, money, minerals before extraction or

<Page>

constituting other personal property of any nature whatsoever, including,
without limitation: (a) each and every Receivable listed as a Receivable on the
Schedule of Receivables attached hereto as Schedule II-A and Schedule II-B and
all monies paid or payable thereon or in respect thereof after the Cutoff Date
(including amounts due on or before the Cutoff Date but received by HAFC or any
Affiliate of HAFC that is the seller under a Master Receivables Purchase
Agreement, HFC, the Seller, the Master Servicer or the Issuer after the Cutoff
Date); (b) all security interests in the related Financed Vehicles granted by
Obligors pursuant to such Receivables and any other interest of the Issuer in
the related Financed Vehicles; (c) all rights of HAFC or any Affiliate of HAFC
that is the seller under a Master Receivables Purchase Agreement against Dealers
pursuant to Dealer Agreements or Dealer Assignments related to such Receivables;
(d) any proceeds and the right to receive proceeds with respect to such
Receivables repurchased by a Dealer pursuant to a Dealer Agreement; (e) all
rights under any Service Contracts on the related Financed Vehicles; (f) any
proceeds and the right to receive proceeds with respect to such Receivables from
claims under any physical damage, loss, credit life or disability insurance
policies covering the related Financed Vehicles or Obligors, including rebates
of insurance premiums relating to such Receivables; (g) all funds on deposit
from time to time in the Trust Accounts (including all investments and proceeds
thereof); (h) all rights of the Seller in and to the Master Receivables Purchase
Agreements and related Receivables Purchase Agreement Supplements, including all
delivery requirements and representations and warranties and the cure and
repurchase obligations of HAFC or any Affiliate of HAFC that is the seller under
a Master Receivables Purchase Agreement or HFC, as applicable, under the Master
Receivables Purchase Agreements and such Receivables Purchase Agreement
Supplements; (i) all property (including the right to receive future Net
Liquidation Proceeds) that secures such Receivables and that has been, or at any
time is, acquired by or on behalf of the Issuer pursuant to liquidation of such
Receivables; (j) all items contained in the Receivable Files with respect to
such Receivables and any and all other documents that the Master Servicer, HAFC
or any Affiliate of HAFC that is the seller under a Master Receivables Purchase
Agreement keeps on file in accordance with its customary procedures relating to
such Receivables, the related Financed Vehicles or Obligors; (k) all rights of
the Issuer in and to the Master Sale and Servicing Agreement and the Transfer
Agreement or Transfer Agreements (including all rights of the Seller under the
Master Receivables Purchase Agreements and related Receivables Purchase
Agreement Supplements assigned to the Issuer pursuant to the Master Sale and
Servicing Agreement and the related Transfer Agreement or Transfer Agreements);
(l) one share of the Class SV Preferred Stock of the Seller together with the
exclusive right to vote such share; and (m) all present and future (i) claims,
demands, causes and choses in action in respect of any or all of the foregoing,
and (ii) payments on or under, and all proceeds of every kind and nature
whatsoever in respect of, any or all of the foregoing, including all proceeds of
the conversion thereof, whether voluntary or involuntary, into cash or other
liquid property, cash proceeds, accounts, accounts receivable, notes, drafts,
acceptances, chattel paper, checks, investment property, deposit accounts,
insurance proceeds, condemnation awards, rights to payment of any and every kind
and other forms of obligations and receivables, instruments and other property
which at any time constitute all or part of or are included in the proceeds of
any of the foregoing (collectively, the "SERIES TRUST ESTATE").

          The foregoing Grant is made in trust to the Indenture Trustee for the
benefit of the Secured Parties. The Indenture Trustee hereby acknowledges such
Grant, accepts the trust under the Indenture and this Series Supplement in
accordance with the provisions of the Indenture and

                                        2
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this Series Supplement and agrees to perform its duties required in the
Indenture and in this Series Supplement in accordance with the provisions hereof
and of the Indenture to the best of its ability to the end that the interests of
such parties, recognizing the priorities of their respective interests, may be
adequately and effectively protected.

          SECTION 1.03.   PAYMENTS AND COMPUTATIONS.

          All amounts to be paid or deposited by any Person hereunder shall be
paid or deposited in accordance with the terms hereof no later than 12:00 noon
(New York City time) on the day when due in immediately available funds.
Notwithstanding the foregoing, any amounts required to be paid by the Indenture
Trustee hereunder shall be paid in accordance with the terms hereof no later
than 3:00 p.m. (New York City time) on the day when due, in immediately
available funds.

          SECTION 1.04.   DENOMINATIONS.

          The Notes of each Class shall be issued in denominations of $100,000
and integral multiples of $1,000 in excess thereof, except that one Note of each
Class may be issued in a denomination other than an integral multiple of $1,000.

                                   ARTICLE II
                                   DEFINITIONS

          SECTION 2.01.   DEFINITIONS.

          (a)    Whenever used in this Series Supplement and when used in the
Related Documents, the following words and phrases shall have the following
meanings, and the definitions of such terms are applicable to the singular as
well as the plural forms of such terms and to the masculine as well as to the
feminine and neuter genders of such terms. Unless otherwise defined in this
Series Supplement, terms defined in the Basic Documents are used herein as
therein defined. References to sections, unless otherwise indicated, are to
sections of this Series Supplement. References to any Basic Document, or to any
other agreement, document or other record defined herein, shall mean such Basic
Document or other record as from time to time amended or supplemented.

          "Aggregate Note Principal Balance" means, (i) with respect to all of
the Notes, as of any date, the aggregate outstanding principal amount of all of
the Notes on such date and (ii) with respect to any Class of the Notes, as of
any date, the aggregate outstanding principal amount of all of the Notes of such
Class on such date.

          "Aggregate Optimal Note Principal Balance" means, with respect to any
Distribution Date, the product of (x) ______% and (y) the Pool Balance as of the
close of business on the last day of the prior Collection Period.

          "Available Funds" means, with respect to any Distribution Date and the
related Collection Period, the sum of (i) the Collected Funds for such
Collection Period, (ii) investment earnings realized on the Collection Account
and the Reserve Account during such Collection

                                        3
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Period, (iii) all Repurchase Amounts deposited in the Collection Account during
such Collection Period and (iv) all proceeds of any liquidation, in whole or in
part, of the assets of the Trust.

          "Basic Documents" means this Series Supplement, the Master Sale and
Servicing Agreement, the Certificate of Trust, the Trust Agreement, [the
Insurance Agreement, ]the Indemnification Agreement, the Indenture, the Master
Receivables Purchase Agreements, each Transfer Agreement related to the Owner
Trust Estate and all other documents and certificates delivered therewith or
pursuant thereto in connection with the Notes or the Certificates.

          "Business Day" means a day other than a Saturday, a Sunday or other
day on which commercial banks located in the states of Illinois or New York are
authorized or obligated by law to be closed.

          "Certificate of Trust" shall mean the Certificate of Trust filed for
the Trust.

          "Certificateholders" means the holders of the Certificates.

          "Class A Interest Carryover Shortfall" means, with respect to any
Distribution Date, the sum of: (i) the excess of (a) the related Class A
Interest Distributable Amount for the preceding Distribution Date, over (b) the
amount actually paid as interest to the Class A Noteholders on such preceding
Distribution Date[ (under the Indenture or the Note Policy)], PLUS (ii) interest
on such excess, to the extent permitted by law, at a rate per annum equal to the
related Note Rate with respect to the Class A Notes from such preceding
Distribution Date to but excluding the current Distribution Date.

          "Class A Interest Distributable Amount" means, with respect to any
Distribution Date and each class of Class A Notes, an amount equal to the sum
of: (i) the aggregate amount of interest accrued on the Class A Notes at the
related Note Rate from and including the preceding Distribution Date (or, in the
case of the initial Distribution Date, from and including the Closing Date) to
but excluding the current Distribution Date PLUS (ii) the related Class A
Interest Carryover Shortfall for the current Distribution Date.

          "Class A Noteholders" means the Holders of the Class A Notes.

          "Class A Additional Principal Distributable Amount" means, with
respect to a Distribution Date, the positive excess, if any, of (i) the
Aggregate Note Principal Balance after giving effect to distribution of the
Class A Minimum Principal Distributable Amount on such Distribution Date
pursuant to Section 3.03(a)(v) over (ii) the Aggregate Optimal Note Principal
Balance for such Distribution Date.

          "Class A Minimum Principal Distributable Amount" means, with respect
to any Distribution Date, the greatest of (i) the lesser of (A) the Optimal
Principal Distributable Amount for such Distribution Date, (B) the excess of the
aggregate of the Principal Balances of the Receivables as of the last day of the
second preceding Collection Period, over the aggregate of the Principal Balances
of the Receivables as of the last day of the immediately preceding Collection
Period, and (C) the Aggregate Note Principal Balance, (ii) on the Scheduled
Maturity Date for any Class of the Notes, the amount necessary to reduce the
Aggregate Note Principal Balance of such Class to zero and (iii) the positive
excess, if any, of the Aggregate Note

                                        4
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Principal Balance prior to making any distribution on such Distribution Date
over the Pool Balance as of the last day of the preceding Collection Period.

          "Class A-1 Noteholders" means the Holders of the Class A-1 Notes.

          "Class A-1 Scheduled Maturity Date" means _______________.

          "Class A-2 Noteholders" means the Holders of the Class A-2 Notes.

          "Class A-2 Scheduled Maturity Date" means _______________.

          "Class A-3 Noteholders" means the Holders of the Class A-3 Notes.

          "Class A-3 Scheduled Maturity Date" means _______________.

          "Class A-4 Noteholders" means the Holders of the Class A-4 Notes.

          "Class A-4 Scheduled Maturity Date" means _______________.

          "Closing Date" means _______________.

          "Collection Account" means the Eligible Deposit Account created
pursuant to Section 3.01, which initially shall be account no. _______________,
for further credit, account no. _______________, reference Household Auto
__________ Collection Account at the Indenture Trustee, ABA No. _______________.

          "Collected Funds" has the meaning assigned to such term in the Master
Sale and Servicing Agreement.

          "Controlling Party" means the [Insurer, so long as no Insurer Default
shall have occurred and be continuing AND the ]Indenture Trustee for the benefit
of and acting solely at the direction of the Noteholders[, in the event an
Insurer Default shall have occurred and be continuing].

          "Corporate Trust Office" means, (i) with respect to the Owner Trustee,
the principal corporate trust office of the Owner Trustee, which at the time of
execution of this Series Supplement is ____________________, __________,
____________________, Attention: ____________________, and (ii) with respect to
the Indenture Trustee, the principal corporate trust office of the Indenture
Trustee, which at the time of execution of this Series Supplement is
____________________, __________, ____________________, Attention:
____________________.

          "Cutoff Date" means the close of business on _______________.

          "Definitive Notes" means the Notes that have been certificated and
fully registered in accordance with Section 2.12 of the Indenture.

          ["Delaware Trustee" means [NAME OF DELAWARE TRUSTEE] with its
principal place of business in Delaware, not in its individual capacity but
solely as trustee under

                                        5
<Page>

the Trust Agreement, its successors-in-interest or any successor Delaware
Trustee under the Trust Agreement.]

          "Determination Date" has the meaning assigned to such term in the
Master Sale and Servicing Agreement.

          "Distribution Date" means, with respect to each Collection Period, the
seventeenth day of the calendar month next commencing after the last day of such
Collection Period, or if such day is not a Business Day, the immediately
following Business Day, commencing on _______________.

          "Eligibility Criteria" means the criteria for eligibility for Eligible
Receivables set forth on Schedule I hereto.

          "Eligible Investments" means, with respect to funds in the Collection
Account and Reserve Account, "Eligible Investments" as defined in the Master
Sale and Servicing Agreement, except that (i) all references in such definition
to "rating satisfactory to the Rating Agency" or words of similar import shall
mean ratings of not less than "A-1+" or "AAA" by Standard & Poor's, "P-1" or
"Aaa" by Moody's Investors Service, "F1" or "AAA" by Fitch, Inc., or the
equivalent such ratings by another Rating Agency (whichever is applicable), and
(ii) unless otherwise agreed in writing by the Rating Agencies[ and the
Insurer], all such investments shall have maturities at the time of the
acquisition thereof occurring no later than the Business Day immediately
preceding the Distribution Date following such date of acquisition.

          "Eligible Receivable" means a Receivable that satisfies the
Eligibility Criteria.

          "Event of Default" shall have the meaning assigned to such term in
Section 4.01.

          "Final Scheduled Distribution Date" means _______________.

          "HACC" means Household Automotive Credit Corporation, a Delaware
corporation. For the avoidance of doubt, HACC is an Affiliate of HAFC.

          "HAFC" means Household Automotive Finance Corporation, a Delaware
corporation.

          "HFC" means Household Finance Corporation.

          ["Indemnification Agreement" means the indemnification agreement dated
_______________ between the Insurer and the Underwriter.]

          "Indenture" means the indenture dated as of _______________ between
the Issuer and [NAME OF INDENTURE TRUSTEE], as indenture trustee, as
supplemented by this Series Supplement.

          "Initial Reserve Account Deposit" means ___% of the Pool Balance as of
the Cutoff Date.

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          ["Insurance Agreement" means the Insurance and Indemnity Agreement,
dated as of _______________, among the Insurer, the Issuer, HAFC, HACC, the
Seller, the Indenture Trustee and HFC.]

          ["Insured Principal Balance Shortfall" shall mean, with respect to a
Distribution Date, the positive excess, if any, of the Aggregate Note Principal
Balance with respect to the Class A Notes (after giving effect to the
distribution of the Class A Minimum Principal Distributable Amount pursuant to
Section 3.03(a)(v) on such Distribution Date and after making any distribution
pursuant to Section 3.03(b) on such Distribution Date) over the Pool Balance as
of the close of business on the last day of the preceding Collection Period.]

          ["Insurer" means ____________________, a ____________________, or any
successor thereto, as issuer of the Note Policy. The Insurer shall be the
Support Provider for the Series __________ Notes.]

          ["Insurer Default" means the occurrence and continuance of any of the
following events:

                 (a)    the Insurer shall have failed to make a payment required
          under the Note Policy in accordance with its terms;

                 (b)    the Insurer shall have (i) filed a petition or commenced
          any case or proceeding under any provision or chapter of the United
          States Bankruptcy Code or any other similar federal or state law
          relating to insolvency, bankruptcy, rehabilitation, liquidation or
          reorganization, (ii) made a general assignment for the benefit of its
          creditors, or (iii) had an order for relief entered against it under
          the United States Bankruptcy Code or any other similar federal or
          state law relating to insolvency, bankruptcy, rehabilitation,
          liquidation or reorganization which is final and nonappealable; or

                 (c)    a court of competent jurisdiction, the New York
          Department of Insurance or other competent regulatory authority shall
          have entered a final and nonappealable order, judgment or decree (i)
          appointing a custodian, trustee, agent or receiver for the Insurer or
          for all or any material portion of its property or (ii) authorizing
          the taking of possession by a custodian, trustee, agent or receiver of
          the Insurer (or the taking of possession of all or any material
          portion of the property of the Insurer).]

          "Interest Period" means, with respect to any Distribution Date, the
period from and including the prior Distribution Date (or, in the case of the
first Interest Period, from and including the Closing Date) through (and
including) the day preceding such Distribution Date.

          "Master Receivables Purchase Agreements" means, collectively, (i) the
Master Receivables Purchase Agreement dated as of _______________ between HAFC
and the Seller, as such agreement may be amended or supplemented from time to
time, and (ii) the Master Receivables Purchase Agreement dated as of
_______________, between the Seller and HACC, as such agreement may be amended
or supplemented from time to time.

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          "Master Sale and Servicing Agreement" means the Master Sale and
Servicing Agreement dated as of _______________, among the Issuer, the Seller,
the Master Servicer and the Indenture Trustee, as such agreement may be amended
or supplemented from time to time.

          "Master Servicer's Certificate" means, with respect to the Notes and
Certificates, a report in substantially the form of EXHIBIT A hereto
(appropriately completed), furnished by the Master Servicer to [the Insurer,
]the Indenture Trustee and the Owner Trustee pursuant to the Master Sale and
Servicing Agreement.

          ["Note Policy" means the note guaranty insurance policy issued by the
Insurer to the Indenture Trustee for the benefit of the Noteholders (other than
any Noteholder that is the Issuer, the Seller, the Master Servicer, any seller
under a Master Receivables Purchase Agreement or any of their Affiliates).]

          "Note Rate" means the per annum rate of interest due with respect to
each Class of Notes as set forth below for the respective Class of Notes:

          Class A-1 Notes: ______%
          Class A-2 Notes: ______%
          Class A-3 Notes: ______%
          Class A-4 Notes: ______%

Interest on the Class A-1 Notes will be calculated on the basis of a 360-day
year and the actual number of days elapsed in an applicable Interest Period.
Interest on the Class A-2, Class A-3 and Class A-4 Notes will be calculated on
the basis of a 360-day year consisting of twelve 30-day months. The amount of
interest payable on the Class A-2, Class A-3 and Class A-4 Notes for the initial
Interest Period, however, will be computed on the basis of a 360-day year and
the actual number of days elapsed in the initial Interest Period.

          "Notes" or "Class A Notes" means, collectively, the Class A-1 Notes,
the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes.

          "Optimal Principal Distributable Amount" means, with respect to any
Distribution Date, the excess, if any, of (i) the Aggregate Note Principal
Balance immediately prior to such Distribution Date over (ii) the Aggregate
Optimal Note Principal Balance for such Distribution Date.

          "Original Pool Balance" means the aggregate of the Principal Balances
of the Receivables as of the Cutoff Date.

          "Owner Trust Estate" has the meaning assigned to such term in the
Trust Agreement.

          "Owner Trustee" means U.S. Bank National Association, not in its
individual capacity but solely as trustee under the Trust Agreement, its
successors-in-interest or any successor Owner Trustee under the Trust Agreement.

                                        8
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          "Pledge" means the Grant by the Issuer hereunder to the Indenture
Trustee for the benefit of the Secured Parties in accordance with Section 1.02
in and to the Series Trust Estate.

          "Pool Balance" means, as of any date of determination, the aggregate
of the outstanding Principal Balances of the Receivables, unless otherwise
specified, as of the close of business on the preceding Business Day.

          "Premium" has the meaning specified in the Insurance Agreement.

          "Principal Balance Shortfall" means, (i) with respect to a
Distribution Date, the positive excess, if any, of the Aggregate Note Principal
Balance (after giving effect to the distribution pursuant to Section 3.03(a)(v)
on such Distribution Date and prior to making any distribution pursuant to
Section 3.03(b) on such Distribution Date) over the Pool Balance as of the close
of business on the last day of the preceding Collection Period and (ii) with
respect to the Scheduled Maturity Date for any Class of the Notes, the
outstanding principal balance of such Class of the Notes (after giving effect to
the distribution pursuant to Section 3.03(a)(v)).

          "Rating Agencies" means Standard & Poor's, Moody's Investors Service
and Fitch, Inc. If any such organization or a successor does not maintain a
rating on the Notes, "Rating Agency" shall be a nationally recognized
statistical rating organization or other comparable Person designated by the
Seller, notice of which designation shall be given to [the Insurer, ]the
Indenture Trustee, the Owner Trustee and the Master Servicer.

          "Rating Agency Condition" means, with respect to any action, written
confirmation from each Rating Agency rating the Notes that such action will not
result in a reduction or withdrawal of its then current rating of the Notes[
(without consideration of the Note Policy)].

          "Receivables" means each receivable listed on the Schedule of
Receivables, which (a) has not been released from the Series Trust Estate as
provided herein or in the Indenture and (b) is not a Liquidated Receivable.

          "Redemption Price" has the meaning specified in Section 5.01.

          "Reference Banks" means the four major banks in the London interbank
market selected by the Indenture Trustee.

          "Related Documents" means the Basic Documents and the Revolving Credit
Agreement.

          "Reserve Account" means the Reserve Account, which shall be an
Eligible Deposit Account created pursuant to Section 3.01 and which initially
shall be account no. _______________ for further credit, account no.
_______________, reference Household Auto __________ Reserve Account at the
Indenture Trustee, ABA No. _______________.

          "Reserve Account Balance" means, with respect to a Distribution Date,
the amount on deposit in the Reserve Account as of the close of business on the
Business Day immediately preceding such Distribution Date; PROVIDED, HOWEVER,
that such determination shall

                                        9
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be made immediately after the deposit to the Collection Account effected
pursuant to Section 5.1(c) of the Master Sale and Servicing Agreement.

          "Reserve Account Shortfall Amount" means, with respect to any
Distribution Date, the excess of: (x) the Targeted Reserve Account Balance for
such Distribution Date over (y) the Reserve Account Balance for such
Distribution Date.

          "Revolving Credit Agreement" means the Revolving Credit Agreement,
dated as of March 1, 1998, between Household Finance Corporation and the Seller.

          "Scheduled Maturity Date" means, with respect to the Class A-1 Notes,
the Class A-1 Scheduled Maturity Date, with respect to the Class A-2 Notes, the
Class A-2 Scheduled Maturity Date, with respect to the Class A-3 Notes, the
Class A-3 Scheduled Maturity Date, and, with respect to the Class A-4 Notes, the
Class A-4 Scheduled Maturity Date.

          "Schedule of Receivables" means, collectively, the schedules of all
retail installment sales contracts originally held as part of the Series Trust
Estate attached hereto as Schedule II-A and Schedule II-B.

          "Secured Parties" means, collectively, the Holders from time to time
of the Notes[ and the Insurer].

          "Securities" means the Notes and the Certificates.

          "Series Supplement" means this Series Supplement to the Indenture,
Master Sale and Servicing Agreement and the Trust Agreement.

          "Series Support" means, with respect to the Notes, the Certificates
and the Reserve Account[ and the Note Policy].

          "Series Trust Estate" means the property Granted to the Indenture
Trustee pursuant to Section 1.02.

          "Servicing Fee" means, (i) with respect to the initial Collection
Period, the fee payable to the Master Servicer for servicing rendered during
such Collection Period, which shall be equal to $_______________, and (ii) with
respect to any other Collection Period, the fee payable to the Master Servicer
for services rendered during such Collection Period, which shall be equal to
one-twelfth of the Servicing Fee Rate multiplied by the Aggregate Principal
Balances of the Receivables determined as of the Accounting Date immediately
preceding such Collection Period. For the avoidance of doubt, the Servicing Fee
does not include any administrative fees, expenses or charges paid by or on
behalf of Obligors during any Collection Period.

          "Servicing Fee Rate" means ____% per annum.

          "Targeted Reserve Account Balance" means, with respect to any
Distribution Date, the lesser of: (i) the greater of (a) ___% of the outstanding
Pool Balance as of the end of the related Collection Period, and (b)
$_______________ (___% of the Pool Balance as of the Cutoff Date) and (ii) the
Aggregate Note Principal Balance[; PROVIDED, HOWEVER, that (A) upon

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the occurrence and during the continuance of a [Trigger Event] (as defined in
the Insurance Agreement), the Targeted Reserve Account Balance shall equal the
greater of (x) ___ of the outstanding Pool Balance as of the end of the related
Collection Period and (y) ___% of the Pool Balance as of the Cutoff Date, and
(B) upon the occurrence and during the continuance of an Event of Default (as
defined in the Insurance Agreement), the Targeted Reserve Account Balance shall
equal the Aggregate Note Principal Balance].

          "Telerate Page 3750" is the display page named on the Dow Jones
Telerate Services (or any other page that replaces that page on that service for
the purpose of displaying comparable name or rates).

          "Trust Accounts" means the Collection Account and the Reserve Account.

          "Trust Agreement" means the Trust Agreement, dated as of
_______________, among the Seller, the Owner Trustee[ and the Delaware Trustee],
as amended and restated as of _______________ and as supplemented by this Series
Supplement.

          "Underwriter" means ____________________, as representative of the
underwriters named in the Underwriting Agreement.

                                   ARTICLE III
                         DISTRIBUTIONS AND STATEMENTS TO
                     NOTEHOLDERS; SERIES SPECIFIC COVENANTS

          SECTION 3.01.   TRUST ACCOUNTS.

          (a)    The Indenture Trustee, for the benefit of the Secured Parties,
shall establish and maintain an account (the "COLLECTION ACCOUNT") as a
segregated trust account in the Indenture Trustee's corporate trust department,
identified as the "Collection Account for Household Automotive Trust __________,
in trust for the Secured Parties." The Indenture Trustee shall make or permit
withdrawals from the Collection Account only as provided in this Series
Supplement.

          (b)    The Indenture Trustee, for the benefit of the Secured Parties,
shall establish and maintain an account (the "RESERVE ACCOUNT") as a segregated
trust account in the Indenture Trustee's corporate trust department, identified
as the "Reserve Account for Household Automotive Trust __________, in trust for
the Secured Parties." The Indenture Trustee shall make or permit withdrawals
from the Reserve Account only as provided in this Series Supplement. On the
Closing Date, the Reserve Account will be funded with the Initial Reserve
Account Deposit.

          (c)    In the event that any Trust Account ceases to be an Eligible
Deposit Account, the Indenture Trustee, as applicable, within five Business
Days, shall establish such Trust Account as a new account which is an Eligible
Deposit Account. No withdrawals may be made of funds in any Trust Account except
as provided in this Series Supplement. Except as specifically provided in this
Series Supplement, funds in the Trust Accounts shall not be commingled with any
other moneys. All moneys deposited from time to time in each of the Trust
Accounts shall be invested and reinvested by the Indenture Trustee in Eligible
Investments

                                       11
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selected in writing by the Master Servicer (pursuant to standing instructions or
otherwise) which, absent any instruction, shall be investments of the type
specified in clause (d) of the definition of Eligible Investments. The
provisions of Section 5.1 of the Master Sale and Servicing Agreement shall apply
to the investment of funds in the Trust Accounts to the same extent as they
apply to the Collection Account.

          SECTION 3.02.   RESERVE ACCOUNT.

          On the earlier of (x) the maturity date of the Notes (whether by
acceleration or otherwise), and (y) the Final Scheduled Distribution Date, the
amount on deposit in the Reserve Account shall be withdrawn from the Reserve
Account and distributed in accordance with Section 4.04.

          SECTION 3.03.   DISTRIBUTIONS.

          (a)    On each Distribution Date, the Indenture Trustee shall (based
solely on the information contained in the Master Servicer's Certificate
delivered with respect to such Distribution Date) distribute the following
amounts from and, to the extent of, Available Funds with respect to the
Collection Period immediately preceding such Distribution Date, in the following
order of priority:

                 (i)    to the Master Servicer, if HFC is no longer acting as
          Master Servicer, the Servicing Fee for the related Collection Period;

                 (ii)   to the Indenture Trustee, the Delaware Trustee and the
          Owner Trustee, any accrued and unpaid trustees' fees and any
          unreimbursed costs and expenses (including to any successor Master
          Servicer, reasonable transition expenses in an amount not to exceed
          $__________ per servicing transfer) (in each case, to the extent such
          fees have not been previously paid by the Master Servicer);

                 (iii)  to the Class A Noteholders, the Class A Interest
          Distributable Amount;

                 (iv)   to the Class A Noteholders, the Class A Minimum
          Principal Distributable Amount;

                 (v)    [to the Insurer, any amounts owing to the Insurer under
          the Insurance Agreement that have not yet been paid, including,
          without limitation, the Premium (as defined in the Insurance
          Agreement);]

                 (vi)   to the Reserve Account, the Reserve Account Shortfall
          Amount, if any;

                 (vii)  to the Class A Noteholders, the Class A Additional
          Principal Distributable Amount;

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                 (viii) if HFC is acting as the Master Servicer, the Servicing
          Fee for the related Collection Period (unless the Master Servicer has
          retained such amount in accordance with Section 4.8 of the Master Sale
          and Servicing Agreement) or if a successor Master Servicer has been
          appointed, reasonable transition expenses in excess of the amounts
          paid in priority (ii) above; and

                 (ix)   to the holders of the Certificates, any remaining
          Available Funds.

Amounts to be distributed in reduction of the outstanding principal balance of
the Class A Notes pursuant to Section 3.03(a)(v) or (viii) or 3.03(b) shall be
distributed in reduction of the outstanding principal balance of the Class A-1
Notes until such balance has been reduced to zero; thereafter such amount shall
be distributed in reduction of the outstanding principal balance of the Class
A-2 Notes until such balance has been reduced to zero; thereafter such amount
shall be distributed in reduction of the outstanding principal balance of the
Class A-3 Notes until such balance has been reduced to zero; and thereafter such
amount shall be distributed in reduction of the outstanding principal balance of
the Class A-4 Notes until such balance has been reduced to zero.

          (b)    If on a Determination Date, the Master Servicer's Certificate
delivered with respect to the related Distribution Date indicates that (i) the
amount of Available Funds with respect to such Distribution Date is not
sufficient, when distributed in accordance with Section 3.03(a), to cause the
amounts specified in Section 3.03(a)(i), (ii), (iii), (iv) and (vi) with respect
to such Distribution Date to be paid in full; or (ii) if after giving effect to
the distribution of Available Funds pursuant to Section 3.03(a)(v) on a
Distribution Date there exists a Principal Balance Shortfall, the Indenture
Trustee shall withdraw from the Reserve Account and distribute as follows an
amount up to the amount which when distributed, FIRST in accordance with Section
3.03(a)(i), (ii), (iii) and (iv); SECOND, in reduction of the outstanding
principal balance of the Class A Notes, but only to the extent necessary to
eliminate the Principal Balance Shortfall; and THIRD in accordance with Section
3.03(a)(vi), shall cause the amounts specified in Section 3.03(a)(i)-(iv) and
(a)(vi) to be paid in full and such Principal Balance Shortfall to be
eliminated.

          (c)    [If on a Determination Date, the Master Servicer's Certificate
delivered with respect to the related Distribution Date indicates that (i) the
amount of Available Funds with respect to such Distribution Date together with
amounts to be distributed pursuant to Section 3.03(b) is less than the sum of
the amounts required to be distributed pursuant to clauses (i) through (iv) of
paragraph (a) above on such Distribution Date or (ii) there exists an Insured
Principal Balance Shortfall on such Distribution Date, the Indenture Trustee
shall present a notice for payment to the Insurer pursuant to the terms of the
Note Policy to (A) in the case of (i), ensure timely payment in full on such
Distribution Date of the Class A Interest Distributable Amount for such
Distribution Date and (B) in the case of (ii), reduce the outstanding principal
balance of the Class A Notes on such Distribution Date to the extent necessary
to eliminate the Insured Principal Balance Shortfall for such Distribution Date.
If on the Determination Date immediately preceding a Scheduled Maturity Date,
the Master Servicer's Certificate delivered with respect to such Scheduled
Maturity Date indicates that Available Funds with respect to such Distribution
Date when distributed in accordance with Section 3.03(a), together with amounts
to be distributed pursuant to Section 3.03(b) are insufficient to (A) pay the
outstanding principal balance of the Class A-1 Notes on the Class A-1 Scheduled
Maturity Date, (B) pay the

                                       13
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outstanding principal balance of the Class A-2 Notes on the Class A-2 Scheduled
Maturity Date, (C) pay the outstanding principal balance of the Class A-3 Notes
on the Class A-3 Scheduled Maturity Date or (D) pay the outstanding principal
balance of the Class A-4 Notes on the Class A-4 Scheduled Maturity Date, the
Indenture Trustee shall present a notice for payment to the Insurer pursuant to
the terms of the Note Policy to ensure timely payment in full of all principal
with respect to (A) the Class A-1 Notes on the Class A-1 Scheduled Maturity
Date, (B) the Class A-2 Notes on the Class A-2 Scheduled Maturity Date, (C) the
Class A-3 Notes on the Class A-3 Scheduled Maturity Date and (D) the Class A-4
Notes on the Class A-4 Scheduled Maturity Date. Amounts paid by the Insurer to
the Indenture Trustee pursuant to a notice for payment submitted under this
paragraph shall be paid by the Indenture Trustee to the Noteholders on the
related Distribution Date. The Indenture Trustee shall enforce on behalf of the
Noteholders the obligations of the Insurer under the Note Policy.
Notwithstanding any other provision of this Series Supplement or any other Basic
Document, the Noteholders are not entitled to institute proceedings directly
against the Insurer.]

          (d)    [If the Indenture Trustee has received an Order (as defined in
the Note Policy) that any amount guaranteed by the Note Policy paid on the Notes
has been avoided in whole or in part as a preference payment under applicable
bankruptcy law, the Indenture Trustee shall so notify the Insurer, shall comply
with the provisions of the Note Policy to obtain payment by the Insurer of such
avoided payment, and shall, at the time it provides notice to the Insurer,
notify the Noteholders by mail that, in the event that any Noteholder's payment
is so recoverable, such Noteholder will be entitled to payment pursuant to the
terms of the Note Policy. Pursuant to the terms of the Note Policy and in
accordance with the Order (as defined in the Note Policy), the Insurer will make
such payment on behalf of the Noteholder to the receiver, conservator,
debtor-in-possession or trustee in bankruptcy named in the Order (as defined in
the Note Policy) and not to the Indenture Trustee or any Noteholder directly
(unless a Noteholder has previously paid such payment to the receiver,
conservator, debtor-in-possession or trustee in bankruptcy, in which case the
Insurer will make such payment to the Indenture Trustee for distribution to such
Noteholder upon proof of such payment reasonably satisfactory to the Insurer).]

          (e)    Each Certificateholder, by its acceptance of its Certificate
will be deemed to have consented to the provisions of paragraph (a) above
relating to the priority of distributions, and will be further deemed to have
acknowledged that no property rights in any amount or the proceeds of any such
amount shall vest in such Certificateholder until such amounts have been
distributed to such Certificateholder in accordance with the terms of the Trust
Agreement and this Series Supplement; PROVIDED, THAT the foregoing shall not
restrict the right of any Certificateholder, upon compliance with the provisions
hereof, from seeking to compel the performance of the provisions hereof by the
parties hereto. Each Certificateholder, by acceptance of its Certificate,
further specifically acknowledges that it has no right to or interest in any
monies at any time held in the Reserve Account, such monies being held in trust
for the benefit of the Secured Parties.

          (f)    Amounts on deposit in the Reserve Account on any Distribution
Date (after giving effect to all distributions made on such Distribution Date)
in excess of the Targeted Reserve Account Balance for such Distribution Date
shall be released first, to the Master Servicer for any Servicing Fees then due
and unpaid pursuant to Section 3.03(a)(ix), and any remainder shall be paid to
the holders of the Certificates.

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<Page>

          (g)    In the event that the Reserve Account is maintained with an
institution other than the Indenture Trustee, the Master Servicer shall instruct
and cause such institution to transfer the amounts to be distributed therefrom
in accordance with Section 3.03(b) to the Indenture Trustee for distribution
pursuant to Section 3.03(a) one Business Day prior to the related Distribution
Date.

          (h)    Unless Definitive Notes are issued pursuant to Section 2.12 of
the Indenture, with respect to Notes registered on the related Record Date in
the name of a nominee of the Clearing Agency, payment will be made by wire
transfer to an account designated by such nominee, without presentation or
surrender of the Notes or the making of any notation thereon.

          (i)    If not theretofore paid in full, all amounts outstanding with
respect to the Class A-1 Notes shall be due and payable on the Class A-1
Scheduled Maturity Date; if not theretofore paid in full, all amounts
outstanding with respect to the Class A-2 Notes shall be due and payable on the
Class A-2 Scheduled Maturity Date; if not theretofore paid in full, all amounts
outstanding with respect to the Class A-3 Notes shall be due and payable on the
Class A-3 Scheduled Maturity Date; and if not theretofore paid in full, all
amounts outstanding with respect to the Class A-4 Notes shall be due and payable
on the Class A-4 Scheduled Maturity Date.

          SECTION 3.04.   STATEMENTS TO NOTEHOLDERS.

          (a)    On or prior to each Determination Date, the Master Servicer
shall deliver, and cause to be delivered via access to its or its Affiliate's
web-site address, to the Indenture Trustee [and the Insurer ](with a copy to the
Rating Agencies) for the Indenture Trustee to forward to each Noteholder of
record, and to each Certificateholder of record, a statement setting forth at
least the following information as to the Notes to the extent applicable:

                 (i)    the amount of such distribution allocable to principal
          of each Class of Notes;

                 (ii)   the amount of such distribution allocable to interest on
          or with respect to each Class of Notes;

                 (iii)  the aggregate outstanding principal amount of each Class
          of the Notes after giving effect to payments allocated to principal
          reported under (i) above;

                 (iv)   the Class A Interest Carryover Shortfall, if any, and
          the change in such amount from the preceding statement;

                 (v)    the positive excess, if any, of the Aggregate Note
          Principal Balance over the Pool Balance after giving effect to
          payments allocated to principal reported under (i) above and the
          change in such amount from the preceding statement;

                 (vi)   the amount of the Servicing Fee paid to the Master
          Servicer with respect to such Collection Period; and

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<Page>

                 (vii)  the Targeted Reserve Account Balance and the amount on
          deposit in the Reserve Account at the end of such Distribution Date.

Each amount set forth pursuant to paragraph (i) through (iv) above shall be
expressed as a dollar amount per $1,000 of the initial principal balance of the
applicable Class of Notes.

          (b)    The Indenture Trustee may make available to the parties hereto
and to each of the Noteholders, via the Indenture Trustee's internet website,
all information referred to in this Section 3.04 available each month and, with
the consent or at the direction of the Seller, such other information regarding
the Notes and/or the Receivables as the Indenture Trustee may have in its
possession, but only with the use of a password provided by the Indenture
Trustee or its agent to such Person upon receipt by the Indenture Trustee from
such Person of a certification in the form of Exhibit C; PROVIDED, HOWEVER, that
the Indenture Trustee or its agent shall provide such password to the parties to
this Series Supplement without requiring such certification.

          The Indenture Trustee's internet website shall be initially located at
"www.jpmorgan.com/absmbs" or at such other address as shall be specified by the
Indenture Trustee from time to time in writing to the parties hereto[, the
Insurer] and the Noteholders. In connection with providing access to the
Indenture Trustee's internet website, the Indenture Trustee may require
registration and the acceptance of a disclaimer.

          SECTION 3.05.   REPORTING REQUIREMENTS.

          (a)    The Master Servicer's Certificate shall be in the form attached
as EXHIBIT A hereto.

          (b)    By January 31 of each calendar year, commencing
January 31, 2003, the Master Servicer on behalf of the Issuer shall prepare and
distribute to the Indenture Trustee a statement containing such information as
is required to be provided by an issuer of indebtedness under the Code and such
other customary information as is necessary to enable the Noteholders to prepare
their tax returns.

          (c)    If an Event of Default occurs and is continuing and if it is
either known by, or written notice of the existence thereof has been delivered
to, a Responsible Officer of the Indenture Trustee, the Indenture Trustee shall
mail to each Noteholder [and the Insurer ]notice of the Default within 30 days
after such knowledge or notice occurs.

          SECTION 3.06.   COMPLIANCE WITH WITHHOLDING REQUIREMENTS.

          Notwithstanding any other provisions of this Series Supplement or the
Indenture to the contrary, the Indenture Trustee shall comply with all Federal
withholding requirements respecting payments (or advances thereof) to the
Noteholders as may be applicable to instruments constituting indebtedness for
Federal income tax purposes. Any amounts so withheld shall be treated as having
been paid to the applicable Noteholders for all purposes of the Indenture. In no
event shall the consent of any Noteholder be required for any such withholding.

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<Page>

          SECTION 3.07.   SPECIAL COVENANTS AND ACKNOWLEDGEMENTS.

          With respect to the Notes, the Issuer hereby represents and warrants,
as of the Closing Date:

                 (i)    VALID PLEDGE. It is the intention of the Issuer that the
          Pledge herein contemplated hereby constitutes the Grant of a
          perfected, first priority security interest in the Series Trust Estate
          to the Indenture Trustee for the benefit of the Secured Parties.

                 (ii)   GOVERNMENTAL AUTHORIZATION. Other than the filing of the
          financing statements required hereunder, no authorization or approval
          or other action by, and no notice to or filing with, any governmental
          authority or regulatory body is required for the due execution,
          delivery and performance by the Issuer of this Series Supplement, the
          Indenture, and each Related Document to which it is a party.

          SECTION 3.08.   TAX CHARACTERIZATION.

          It is the intent of the parties hereto that, for all Federal, state,
local and foreign taxes, the Notes will be evidence of indebtedness. To the
extent permitted by law, the parties hereto, and each owner of a beneficial
interest in the Notes by acceptance of such interest, agrees to treat the Notes
for purposes of all Federal, state, local and foreign taxes as indebtedness
secured by the Series Trust Estate.

                                   ARTICLE IV
                           EVENTS OF DEFAULT; REMEDIES

          SECTION 4.01.   EVENTS OF DEFAULT.

          "Event of Default", wherever used herein, means any one of the
following events (whatever the reason for such Event of Default and whether it
shall be voluntary or involuntary or be effected by operation of law or pursuant
to any judgment, decree or order of any court or any order, rule or regulation
of any administrative or governmental body):

                 (i)    default in the payment of any interest on any Note when
          the same becomes due and payable, and such default shall continue for
          a period of five calendar days; or

                 (ii)   default in the payment of the outstanding principal
          balance of any Class of Notes on the related Scheduled Maturity Date,
          which default shall continue for a period of five calendar days; or

                 (iii)  the Aggregate Note Principal Balance on any Distribution
          Date exceeds the Pool Balance as of the last day of the prior
          Collection Period after the application of all Available Funds and
          after making any distribution pursuant to Section 3.03(b); or

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<Page>

                 (iv)   default in the observance or performance of any covenant
          or agreement of the Issuer made in the Related Documents (other than a
          covenant or agreement, a default in the observance or performance of
          which is elsewhere in this Section specifically dealt with), or any
          representation or warranty of the Issuer made in the Related Documents
          or in any certificate or other writing or record delivered pursuant
          thereto or in connection therewith proving to have been incorrect in
          any material respect as of the time when the same shall have been made
          and has a material adverse effect on the Noteholders[ or the Insurer],
          and such default shall continue or not be cured, or the circumstance
          or condition in respect of which such misrepresentation or warranty
          was incorrect shall not have been eliminated or otherwise cured, for a
          period of 60 days after there shall have been given, by registered or
          certified mail, to the Issuer by the Indenture Trustee [or to the
          Issuer ]and the Indenture Trustee by the Holders of at least 25% of
          the Outstanding Amount of the Notes[ or the Insurer], a written notice
          specifying such default or incorrect representation or warranty and
          requiring it to be remedied and stating that such notice is a "Notice
          of Default" hereunder; or

                 (v)    the filing of a decree or order for relief by a court
          having jurisdiction in the premises in respect of the Issuer or any
          substantial part of the Series Trust Estate in an involuntary case
          under any applicable Federal or state bankruptcy, insolvency or other
          similar law now or hereafter in effect, or appointing a receiver,
          liquidator, assignee, custodian, trustee, sequestrator or similar
          official of the Issuer or for any substantial part of the Series Trust
          Estate, or ordering the winding-up or liquidation of the Issuer's
          affairs, and such decree or order shall remain unstayed and in effect
          for a period of 60 consecutive days; or

                 (vi)   the commencement by the Issuer of a voluntary case under
          any applicable Federal or state bankruptcy, insolvency or other
          similar law now or hereafter in effect, or the consent by the Issuer
          to the entry of an order for relief in an involuntary case under any
          such law, or the consent by the Issuer to the appointment or taking
          possession by a receiver, liquidator, assignee, custodian, trustee,
          sequestrator or similar official of the Issuer or for any substantial
          part of the Series Trust Estate, or the making by the Issuer of any
          general assignment for the benefit of creditors, or the failure by the
          Issuer generally to pay its debts as such debts become due, or the
          taking of action by the Issuer in furtherance of any of the foregoing;
          or

                 (vii)  the Issuer or the Seller shall become subject to
          registration as an "investment company" under the United States
          Investment Company Act of 1940, as amended.

          SECTION 4.02.   RIGHTS UPON EVENT OF DEFAULT.

          (a)    If an Event of Default shall have occurred and be continuing,
[(i) so long as no Insurer Default has occurred and is continuing, the Indenture
Trustee, if so instructed by the Insurer shall and (ii) in the event an Insurer
Default shall have occurred and be continuing,]

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<Page>

the Indenture Trustee in its discretion may, or if so requested in writing by
Holders holding Notes representing at least 66-2/3% of the Outstanding Amount of
the Notes shall, declare by written notice to the Issuer that the Notes have
become due and payable, whereupon they shall become, immediately due and payable
at 100% of the outstanding principal balance of the Notes and accrued interest
thereon (together with interest accrued at the relevant Note Rate on such
overdue interest).

          (b)    At any time after such declaration of acceleration of maturity
has been made and before a judgment or decree for payment of the money due has
been obtained by the Indenture Trustee, the Controlling Party, by written notice
to the Issuer and the Indenture Trustee, may rescind and annul such declaration
and its consequences if:

                 (i)    the Issuer has paid or deposited with the Indenture
          Trustee a sum sufficient to pay:

                        (A)   all payments of principal and interest on all
                 Notes and all other amounts that would then be due hereunder or
                 upon such Notes if the Event of Default giving rise to such
                 acceleration had not occurred; and

                        (B)   all sums paid or advanced by the Indenture Trustee
                 hereunder and the reasonable compensation, expenses,
                 disbursements and advances of the Indenture Trustee and its
                 agents and counsel; and

                 (ii)   all Events of Default, other than the nonpayment of the
          principal of the Notes that has become due solely by such
          acceleration, have been cured or waived as provided in Section 5.9 of
          the Indenture.

No such rescission shall affect any subsequent default or impair any right
consequent thereto.

          SECTION 4.03.   REMEDIES.

          If an Event of Default shall have occurred and be continuing, [or, if
at such time as there are no Notes Outstanding there remain sums due to the
Insurer pursuant to the Insurance Agreement (a) so long as no Insurer Default
has occurred and is continuing, the Indenture Trustee, if so instructed by the
Insurer, subject to Section 11.17 of the Indenture, shall and (b) in the event
an Insurer Default shall have occurred and be continuing, ]the Indenture
Trustee, subject to Section 11.17 of the Indenture, may exercise any of the
remedies specified in Article V of the Indenture and, in addition, may do one or
more of the following:

                 (i)    institute Proceedings in its own name and as trustee of
          an express trust for the collection of all amounts then payable on the
          Notes or under the Indenture with respect thereto, whether by
          declaration or otherwise, enforce any judgment obtained, and collect
          from the Issuer and any other obligor upon such Notes moneys adjudged
          due;

                 (ii)   institute Proceedings from time to time for the complete
          or partial foreclosure of the Indenture with respect to the Series
          Trust Estate;

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<Page>

                 (iii)  exercise any remedies of a secured party under the UCC
          and take any other appropriate action to protect and enforce the
          rights and remedies of the Indenture Trustee and the Holders of the
          Notes; and

                 (iv)   sell the Series Trust Estate or any portion thereof or
          rights or interest therein, at one or more public or private sales
          called and conducted in any manner permitted by law; PROVIDED,
          HOWEVER, that the Indenture Trustee may not sell or otherwise
          liquidate the Series Trust Estate following an Event of Default
          unless:

                        (x)   the proceeds of such sale or liquidation
                 distributable to the Noteholders are sufficient to discharge in
                 full all amounts then due and unpaid upon such Notes for
                 principal and interest, or

                        (y)   the Indenture Trustee determines that the Series
                 Trust Estate will not continue to provide sufficient funds for
                 the payment of principal of and interest on the Notes as they
                 would have become due if the Notes had not been declared due
                 and payable, and the Indenture Trustee obtains the consent of
                 [the Insurer (if the Insurer is the Controlling Party) or, if
                 an Insurer Default shall have occurred and be continuing, ]the
                 Holders of 66-2/3% of the Outstanding Amount of the Notes, or

                        (z)   if the provisions of neither subparagraph (x) nor
                 subparagraph (y) are satisfied, if the Indenture Trustee
                 obtains the consent of or at the direction of [the Insurer (for
                 so long as the Insurer is the Controlling Party), or ]the
                 Holders of 100% of the Outstanding Amount of the Notes[, if the
                 Insurer is not the Controlling Party].

In determining such sufficiency or insufficiency with respect to clause (y), the
Indenture Trustee may, but need not, obtain and rely upon an opinion of an
independent investment banking or accounting firm of national reputation as to
the feasibility of such proposed action and as to the sufficiency of the Series
Trust Estate for such purpose. Any reasonable costs and expenses incurred by the
Indenture Trustee in obtaining such opinion shall be costs and expenses of the
Indenture Trustee pursuant to Section 3.03(a)(iii) of the Series Supplement.

          SECTION 4.04.   PRIORITIES.

          (a)    On and after the maturity date of the Notes (by acceleration or
otherwise), including, without limitation, on and after the Final Scheduled
Distribution Date, all Available Funds, all amounts on deposit in the Reserve
Account withdrawn in accordance with Section 3.02 and any proceeds of the
liquidation of all or any portion of the Series Trust Estate pursuant to Section
4.03(iv), shall be applied by the Indenture Trustee on the date of distribution
in the following order of priority:

                 FIRST:   amounts due and owing and required to be distributed
          to the Master Servicer, if HFC is no longer acting as Master Servicer,
          the Delaware Trustee, the Owner Trustee and the Indenture Trustee,
          respectively, pursuant to priorities (ii) and (iii) of Section 3.03(a)
          and not previously distributed, in the

                                       20
<Page>

          order of such priorities and without preference or priority of any
          kind within such priorities;

                 SECOND:  to Class A Noteholders for amounts due and unpaid on
          the Class A Notes for interest, PRO RATA, in accordance with the
          amounts due and payable on the Class A Notes on the date of
          distribution for interest without preference or priority of any kind;

                 THIRD:   to the Class A Noteholders for amounts due and unpaid
          on the Class A Notes for principal, PRO RATA, in accordance with the
          respective aggregate outstanding principal balance of each Class of
          Class A Notes without preference or priority of any kind;

                 FOURTH:  [to the Insurer for amounts due and unpaid under the
          Insurance Agreement;]

                 FIFTH:   to the Master Servicer, if HFC is acting as Master
          Servicer, for any Servicing Fees then due and unpaid;

                 SIXTH:   to the Certificateholders, any remaining Available
          Funds.

          (b)    The Indenture Trustee may fix a record date and distribution
date for any payment to Noteholders pursuant to this Section 4.04. At least 15
days before such record date, the Indenture Trustee shall mail to the
Noteholders a notice that states the record date, the distribution date and the
amount to be paid.

                                    ARTICLE V
                            PREPAYMENT AND REDEMPTION

          SECTION 5.01.   OPTIONAL "CLEAN-UP" REDEMPTION.

          On any Distribution Date occurring on or after the date upon which the
Pool Balance shall have been reduced to an amount which is less than or equal to
10% of the Original Pool Balance, the Master Servicer on behalf of the Issuer,
shall have the option to redeem the outstanding Notes at a redemption price (the
"REDEMPTION PRICE") which is not less than the then Aggregate Note Principal
Balance, plus all accrued and unpaid interest thereon and all fees and other
amounts owing to the Indenture Trustee, the Owner Trustee and the Master
Servicer (if other than HFC) under the Related Documents[ and the Insurer under
the Insurance Agreement]. The Master Servicer, on behalf of the Issuer, shall
give the Master Servicer (if other than HFC), the Insurer, the Indenture
Trustee, and the Owner Trustee at least 10 days' irrevocable prior written
notice of the date on which the Master Servicer intends to exercise such option
to purchase. Not later than 12:00 P.M., New York City time, on the day prior to
such Distribution Date, the Master Servicer shall deposit such amount in the
Collection Account in immediately available funds for distribution pursuant to
Section 3.03 against the presentment of the Notes for cancellation. Such
purchase option is subject to payment in full of the Redemption Price.

                                       21
<Page>

                                   ARTICLE VI
                                  MISCELLANEOUS

          SECTION 6.01.   RATIFICATION OF BASIC DOCUMENTS.

          Each of the Basic Documents (to the extent appropriate, as
supplemented by this Series Supplement) is in all respects ratified and
confirmed and each of the Basic Documents, as so supplemented by this Series
Supplement shall be read, taken and construed as one and the same instrument.

          SECTION 6.02.   COUNTERPARTS.

          This Series Supplement may be executed in one or more counterparts,
each of which so executed shall be deemed to be an original, but all of which
shall together constitute but one and the same instrument.

          SECTION 6.03.   GOVERNING LAW.

          THIS SERIES SUPPLEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS
CONFLICT OF LAWS PROVISIONS WHICH WOULD REQUIRE THE APPLICATION OF THE LAWS OF
ANY OTHER JURISDICTION, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES
HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

          SECTION 6.04.   AMENDMENTS WITHOUT CONSENT OF NOTEHOLDERS.

          (a)    Without the consent of the Noteholders [but with the prior
written consent of the Insurer (for so long as it is the Controlling Party) ]and
with prior written notice to the Rating Agencies, as evidenced to the Indenture
Trustee and the Issuer, when authorized by an Issuer Order, at any time and from
time to time, the parties hereto may enter into one or more amendments hereto,
in form satisfactory to the Indenture Trustee, [the Delaware Trustee, ]the Owner
Trustee[ and the Insurer (so long as no Insurer Default has occurred and is
continuing)], for any of the following purposes:

                 (i)    to correct or amplify the description of any property at
          any time subject to the lien of the Indenture as supplemented by this
          Series Supplement, or better to assure, convey and confirm unto the
          Indenture Trustee, if any, any property subject or required to be
          subjected to the lien of the Indenture as supplemented by this Series
          Supplement, or subject to the lien of the Indenture as supplemented by
          this Series Supplement additional property;

                 (ii)   to evidence the succession, in compliance with the
          applicable provisions hereof, of another person to the Issuer, and the
          assumption by any such successor of the covenants of the Issuer herein
          and in the Notes contained;

                 (iii)  to add to the covenants of the Issuer, for the benefit
          of the Noteholders, or to surrender any right or power herein
          conferred upon the Issuer;

                                       22
<Page>

                 (iv)   to convey, transfer, assign, mortgage or pledge any
          property to or with the Indenture Trustee, if any;

                 (v)    to cure any ambiguity, to correct or supplement any
          provision herein which may be inconsistent with any other provision
          herein or to make any other provisions with respect to matters or
          questions arising under the Indenture, the Trust Agreement or in this
          Series Supplement; PROVIDED that such action shall not adversely
          affect the interests of the Noteholders[ or the Insurer];

                 (vi)   to evidence and provide for the acceptance of the
          appointment hereunder and under the Indenture by a successor indenture
          trustee with respect to the Notes and to add to or change any of the
          provisions of the Indenture or of this Series Supplement as shall be
          necessary to facilitate the administration of the trusts hereunder by
          more than one indenture trustee, pursuant to the requirements of
          Article V of the Indenture; or

                 (vii)  to modify, eliminate or add to the provisions of the
          Indenture or of this Series Supplement to such extent as shall be
          necessary to effect the qualification of the Indenture under the TIA
          or under any similar federal statute hereafter enacted and to add to
          the Indenture such other provisions as may be expressly required by
          the TIA.

          Each of the Indenture Trustee[, the Delaware Trustee] and the Owner
Trustee is hereby authorized to join in the execution of any amendment and to
make any further appropriate agreements and stipulations that may be therein
contained.

          (b)    Except as otherwise provided herein, the Issuer and the
Indenture Trustee, when authorized by an Issuer Order, may, also without the
consent of any of the Noteholders [but with the prior written consent of the
Insurer (for so long as it is the Controlling Party)] and with prior written
notice to the Rating Agencies by the Issuer, as evidenced to the Indenture
Trustee, enter into an amendment hereto [in form satisfactory to the Insurer
(for so long as it is the Controlling Party) ]for the purpose of adding any
provisions to, or changing in any manner or eliminating any of the provisions
of, the Indenture or of this Series Supplement of modifying in any manner the
rights of the Noteholders under the Indenture or under this Series Supplement;
PROVIDED, HOWEVER, that such action shall not, as evidenced by an Opinion of
Counsel, adversely affect in any material respect the interests of any
Noteholder[ or the Insurer].

          SECTION 6.05.   AMENDMENTS WITH CONSENT OF THE NOTEHOLDERS.

          Except as otherwise provided herein, the Issuer and the Indenture
Trustee, when authorized by an Issuer Order provided by the Master Servicer,
also may, with prior written notice to the Rating Agencies [and with the consent
of the Insurer (so long as no Insurer Default has occurred and is continuing)
]and the Holders of not less than a majority of the Outstanding Amount of each
Class of affected Notes, by Act of such Holders delivered to the Issuer and the
Indenture Trustee, enter into an amendment hereto for the purpose of adding any
provisions to, or changing in any manner or eliminating any of the provisions
of, this Series Supplement or of modifying in any manner the rights of the
Noteholders under the Indenture or under this Series

                                       23
<Page>

Supplement; PROVIDED, HOWEVER, that no such amendment [shall materially and
adversely affect the Insurer without the prior written consent of the Insurer
and no such amendment ]shall, without the consent of the Holder of each
Outstanding Note affected thereby:

                 (i)    change the date of payment of any installment of
          principal of or interest on any Note, or reduce the principal amount
          thereof, the interest rate thereon, change the provision of the
          Indenture relating to the application of collections on, or the
          proceeds of the sale of, all or any portion of any Series Trust Estate
          to payment of principal of or interest on the Notes, or change any
          place of payment where, or the coin or currency in which, any Note or
          the interest thereon is payable;

                 (ii)   impair the right to institute suit for the enforcement
          of the provisions of the Indenture requiring the application of funds
          available therefor, as provided in Article V of the Indenture, to the
          payment of any such amount due on the Notes on or after the respective
          due dates thereof;

                 (iii)  reduce the percentage of the Outstanding Amount of the
          Notes, the consent of the Holders of which is required for this Series
          Supplement, or the consent of the Holders of which is required for any
          waiver of compliance with certain provisions of the Indenture or
          certain defaults hereunder and their consequences provided for in the
          Indenture;

                 (iv)   modify or alter the provisions of the proviso to the
          definition of the term "Outstanding";

                 (v)    reduce the percentage of the Outstanding Amount of the
          Notes required to direct the Indenture Trustee to direct the Issuer to
          sell or liquidate the Series Trust Estate pursuant to the Indenture;

                 (vi)   modify any provision of this Section except to increase
          any percentage specified herein or to provide that certain additional
          provisions of the Indenture or the Basic Documents cannot be modified
          or waived without the consent of the Holder of each Outstanding Note
          affected thereby;

                 (vii)  modify any of the provisions of the Indenture in such
          manner as to affect the calculation of the amount of any payment of
          interest or principal due on any Note on any Distribution Date
          (including the calculation of any of the individual components of such
          calculation) or to affect the rights of the Holders of Notes to the
          benefit of any provisions for the mandatory redemption of the Notes
          contained herein; or

                 (viii) permit the creation of any lien ranking prior to or on a
          parity with the lien of the Indenture with respect to any part of the
          Series Trust Estate or, except as otherwise permitted or contemplated
          herein or the Related Documents, terminate the lien of the Indenture
          on any property at any time subject hereto or deprive the Holder of
          any Note of the security provided by the lien of the Indenture.

                                       24
<Page>

          It shall not be necessary for any Act of Noteholders under this
Section to approve the particular form of an amendment to this Series
Supplement, but it shall be sufficient if such Act shall approve the substance
thereof.

          Promptly after the execution by the Issuer and the Indenture Trustee
of an amendment to this Series Supplement, the Indenture Trustee shall mail to
the Noteholders a notice setting forth in general terms the substance hereof.
Any failure of the Indenture Trustee to mail such notice, or any defect therein,
shall not, however, in any way impair or affect the validity of any amendment to
this Series Supplement.

          Prior to the execution of any amendment to this Series Supplement, the
Indenture Trustee shall be entitled to receive and rely upon an Opinion of
Counsel stating that the execution of such amendment is authorized or permitted
by this Series Supplement. The Indenture Trustee may, but shall not be obligated
to, enter into any such amendment which affects the Indenture Trustee's own
rights, duties or immunities under this Series Supplement.

          By its acceptance of its interest in the Notes, each owner of a
beneficial interest in a Note shall be deemed to have agreed that prior to the
date which is one year and one day after the termination of the Indenture, such
Person shall not acquiesce, petition or otherwise invoke or cause the Issuer or
the Seller to invoke the process of any governmental authority for the purpose
of commencing or sustaining a case against the Seller or Issuer under any
Federal or state bankruptcy, insolvency or similar law or appointing a receiver,
liquidator, assignee, trustee, custodian, sequestrator or other similar official
of or for the Issuer or the Seller or any substantial part of its property or
ordering the winding-up or liquidation of the affairs of the Issuer or the
Seller.

          SECTION 6.06.   AUTHORITY TO REGISTER NOTES AND FILE REPORTS.

          The Issuer hereby authorizes the Seller to prepare and execute on
behalf of the Issuer, filings with the Securities and Exchange Commission and
any applicable state agencies of documents required to register or qualify the
Notes for public distribution and to file, on a periodic basis or as otherwise
may be required, such documents or records as may be required by rules and
regulations prescribed by such authorities.

          SECTION 6.07.   AUTHORITY TO PERFORM DUTIES OF THE ISSUER.

          (a)    The Issuer hereby designates the Master Servicer its agent and
attorney-in-fact to execute or otherwise authenticate any financing statement,
continuation statement or other instrument or record required by the Indenture
Trustee pursuant to Section 3.5 of the Indenture; PROVIDED that such designation
shall not be deemed to create a duty in the Indenture Trustee to monitor the
compliance of the Master Servicer with respect to its duties under Section 3.5
of the Indenture or the adequacy of any financing statement, continuation
statement or other instrument or record prepared by the Master Servicer.

          (b)    The Issuer hereby appoints the Master Servicer to assist the
Issuer in performing its duties under the Related Documents, including, but not
limited to, Sections 2.13 and 3.9 of the Indenture, and the Master Servicer
hereby accepts such appointment.

                                       25
<Page>

          SECTION 6.08.   NOTICES.

          All demands, notices and communications upon or to the Seller, the
Master Servicer, [the Delaware Trustee, ][the Owner Trustee, ]the Insurer or the
Indenture Trustee shall be in writing, personally delivered, or mailed by
certified mail, or sent by confirmed telecopier transmission and shall be deemed
to have been duly given upon receipt (a) in the case of the Seller, to Household
Auto Receivables Corporation, 1111 Town Center Drive, Las Vegas, Nevada 89134,
with a copy to Household Finance Corporation, 2700 Sanders Road, Prospect
Heights, Illinois, 60070, Attn: Treasurer (Telecopier # (847) 205-7538), (b) in
the case of the Master Servicer, if Household Finance Corporation is the Master
Servicer, to Household Finance Corporation, 2700 Sanders Road, Prospect Heights,
Illinois 60070, Attention: Treasurer, Telecopier # (847) 205-7538, (c) in the
case of the Issuer or the Owner Trustee, at the Corporate Trust Office of the
Owner Trustee, Telecopier # __________, [(d) in the case of the Delaware
Trustee, at the Corporate Trust Office of the Delaware Trustee, Telecopier #
__________,] [(e) in the case of the Insurer, to ____________________,
__________, _______________, Attention: ____________________, Telecopier #
__________,] and (f) in the case of the Indenture Trustee, at the Corporate
Trust Office, Telecopier # __________. Any notice required or permitted to be
mailed to a Noteholder or Certificateholder shall be given by first class mail,
postage prepaid, at the address of such Holder as shown in the Certificate
Register or Note Register, as applicable. Any notice so mailed within the time
prescribed in the Agreement shall be conclusively presumed to have been duly
given, whether or not the Certificateholder or Noteholder shall receive such
notice.

          SECTION 6.09.   [THIRD-PARTY BENEFICIARY.

          The parties hereto agree that the Insurer is a third-party beneficiary
hereof and the Insurer shall be entitled to rely upon and directly enforce the
provisions of this Series Supplement. Nothing in this Series Supplement, express
or implied, shall give to any Person, other than the parties hereto and their
successors hereunder and the Insurer and its successors any benefit or any legal
or equitable right, remedy or claim under this Series Supplement.]

                                       26
<Page>

          IN WITNESS WHEREOF, the parties hereto have caused this Series
Supplement to be fully executed by their respective officers as of the day and
year first above written.

                               HOUSEHOLD FINANCE CORPORATION,
                                as Master Servicer


                               By:
                                  ----------------------------------------------
                                  Name:
                                  Title:


                               HOUSEHOLD AUTOMOTIVE TRUST ________,
                                as Issuer
                                by [NAME OF OWNER TRUSTEE], not in its
                                individual capacity but solely as Owner Trustee


                               By:
                                  ----------------------------------------------
                                  Name:
                                  Title:


                               HOUSEHOLD AUTO RECEIVABLES
                                CORPORATION,
                                as Seller


                               By:
                                  ----------------------------------------------
                                  Name:
                                  Title:


                               [NAME OF INDENTURE TRUSTEE],
                                as Indenture Trustee


                               By:
                                  ----------------------------------------------
                                  Name:
                                  Title:

<Page>

                               [NAME OF OWNER TRUSTEE],
                                as Owner Trustee


                               By:
                                  ----------------------------------------------
                                  Name:
                                  Title:


                               [[NAME OF DELAWARE TRUSTEE],
                                as Delaware Trustee


                               By:
                                  ----------------------------------------------
                                  Name:
                                  Title:]


                     [Signature Page for Series Supplement]

<Page>

                                   SCHEDULE I

                              ELIGIBILITY CRITERIA

"ELIGIBLE RECEIVABLE" means a Receivable with respect to which each of the
following is true as of the Closing Date:

          (a)    that (i) was originated directly by HAFC (or any predecessor or
Affiliate of HAFC, as applicable) with the consumer or was originated by a
Dealer for the retail sale of a Financed Vehicle in the ordinary course of such
Dealer's business and (A) in the case of a receivable originated by HAFC (or any
predecessor or Affiliate of HAFC, as applicable), such entity had all necessary
licenses and permits to originate receivables in the state where such entity was
located, and, (B) in the case of a Dealer originated receivable, such Dealer had
all necessary licenses and permits to originate receivables in the state where
such Dealer was located, and such receivable was purchased by HAFC (or any
predecessor or Affiliate of HAFC, as applicable) from such Dealer under an
existing Dealer Agreement with HAFC (or any predecessor or Affiliate of HAFC, as
applicable), and (C) in the case of a Dealer originated receivable or a
receivable originated by HAFC (or any predecessor or Affiliate of HAFC, as
applicable) such receivable was purchased (x) by HARC pursuant to the terms of
the Master Receivables Purchase Agreements, (y) by the Issuer pursuant to the
Master Sale and Servicing Agreement; and each Receivable was validly assigned
(1) if Dealer originated, by such Dealer to HAFC (or any predecessor or
Affiliate of HAFC, as applicable), (2) by HAFC (or any predecessor or Affiliate
of HAFC, as applicable) to HARC pursuant to the terms of the Master Receivables
Purchase Agreements, (3) by HARC to the Issuer pursuant to the Master Sale and
Servicing Agreement and (4) by the Issuer to the Indenture Trustee pursuant to
the Indenture, (ii) was fully and properly executed by the parties thereto,
(iii) contains customary and enforceable provisions such as to render the rights
and remedies of the holder thereof adequate for realization against the
collateral security, and (iv) is fully amortizing and provides for level monthly
payments (PROVIDED that the payment in the first Collection Period and the final
Collection Period of the term of the Receivable may be minimally different from
the level payment) which, if made when due, shall fully amortize the Amount
Financed over the original term;

          (b)    that was originated without any fraud or material
misrepresentation on the part of a Dealer, the Obligor, HAFC or HACC, as
applicable;

          (c)    with respect to which all requirements of applicable federal,
state and local laws, and regulations thereunder (including, without limitation,
usury laws, the Federal Truth-in-Lending Act, the Equal Credit Opportunity Act,
the Fair Credit Billing Act, the Fair Credit Reporting Act, the Fair Debt
Collection Practices Act, the Federal Trade Commission Act, the Magnuson-Moss
Warranty Act, the Federal Reserve Board's Regulations "B" and "Z", the Soldiers'
and Sailors' Civil Relief Act of 1940 and state adaptations of the National
Consumer Act and of the Uniform Consumer Credit Code and other consumer credit
laws and equal credit opportunity and disclosure laws) in respect of all of the
Receivables, each and every sale of Financed Vehicles and the sale of any
physical damage, loss, credit life and credit accident and health insurance and
any extended service contracts, have been complied with in all material
respects, and each Receivable and the sale of the Financed Vehicle evidenced by
each

                                     SCH-I-1
<Page>

Receivable and the sale of any physical damage, loss, credit life and credit
accident and health insurance and any extended service contracts complied at the
time it was originated or made and now complies in all material respects with
all applicable legal requirements;

          (d)    that was originated in, and the related Obligor is a resident
of, the United States of America and, at the time of origination materially
conformed to all underwriting and funding guidelines of HAFC (or of any
predecessor or Affiliate of HAFC, as applicable) applicable thereto and that has
been serviced in material conformity with procedures applicable to receivables
that are serviced by the Master Servicer for its own account;

          (e)    which represents the genuine, legal, valid and binding payment
obligation of the Obligor thereon, enforceable by the holder thereof in
accordance with its terms, except (A) as enforceability may be limited by
bankruptcy, insolvency, reorganization or similar laws affecting the enforcement
of creditors' rights generally and by equitable limitations on the availability
of specific remedies, regardless of whether such enforceability is considered in
a proceeding in equity or at law and (B) as such Receivable may be modified by
the application of the Soldiers' and Sailors' Civil Relief Act of 1940, as
amended; and all parties thereto had full legal capacity to execute and deliver
such Receivable and all other documents related thereto and to grant the
security interest purported to be granted thereby;

          (f)    which is not due from the United States of America or any state
or from any agency, department, subdivision or instrumentality thereof;

          (g)    which, as of the Cutoff Date, (i) had an original maturity of
not more than ___ months, (ii) had a remaining Amount Financed of at least
$______ and not more than $______, (iii) had an Annual Percentage Rate of at
least ____% and not more than ____%, (iv) was not more than 30 days past due,
(v) no funds have been advanced by the Issuer, the Master Servicer, HAFC, any
predecessor or Affiliate of HAFC, any Dealer, or anyone acting on behalf of any
of them in order to cause such Receivable to qualify under SUBCLAUSE (iv) of
this CLAUSE (g) and (vi) had no provision thereof waived, altered or modified in
any respect since its origination;

          (h)    with respect to which the information pertaining to such
Receivable set forth in each Schedule of Receivables is true and correct in all
material respects;

          (i)    with respect to which HAFC (or any predecessor or Affiliate of
HAFC, as applicable) will have caused the portions of HAFC's (or any HAFC
predecessor's or HAFC Affiliate's, as applicable) and the Master Servicer's
servicing records relating to such Receivable to be clearly and unambiguously
marked to show that such Receivable has been transferred by HAFC (or any
predecessor or Affiliate of HAFC, as applicable) to HARC in accordance with the
terms of the Master Receivables Purchase Agreements and by HARC to the Issuer
pursuant to the Master Sale and Servicing Agreement, and by the Issuer to the
Indenture Trustee pursuant to the Indenture;

          (j)    with respect to which the computer tape or listing to be made
available by HAFC (or any predecessor or Affiliate of HAFC, as applicable) to
HARC, [the Insurer, ]the Master Servicer or the Indenture Trustee is complete
and accurate and includes a description of the same Receivables that are, or
will be, described in the related Schedule of Receivables;

                                     SCH-I-2
<Page>

          (k)    which constitutes chattel paper within the meaning of the UCC;

          (l)    of which there is only one original executed copy;

          (m)    with respect to which there exists a Receivable File and such
Receivable File contains, without limitation, (a) a fully executed original of
such Receivable, (b) a certificate of insurance, application form for insurance
signed by the Obligor, or a signed representation letter from the relevant
Obligor named pursuant to which the Obligor has agreed to obtain physical damage
insurance for the related Financed Vehicle, (c) the original Lien Certificate or
application therefor showing HAFC (or any predecessor or Affiliate of HAFC, as
applicable) as first lienholder and (d) an original credit application signed by
the Obligor; and (x) each of the documents relating thereto which is required to
be signed by the Obligor has been signed by the Obligor in the appropriate
spaces and (y) all blanks on any form relating thereto to be completed have been
properly filled in and each form has otherwise been correctly prepared; and,
notwithstanding the above, with respect to which, a copy of the complete
Receivable File for such Receivable, which fulfills the documentation
requirements of HAFC (or any predecessor or Affiliate of HAFC, as applicable) as
in effect at the time of purchase is in the possession of the Master Servicer or
Subservicer;

          (n)    which has not been satisfied, subordinated or rescinded, and
the Financed Vehicle securing such Receivable has not been released from the
lien of such Receivable in whole or in part;

          (o)    which was not originated in, and is not subject to the laws of,
any jurisdiction the laws of which would make unlawful, void or voidable the
sale, transfer and assignment of such Receivable and with respect to which there
is no agreement with any account debtor that prohibits, restricts or conditions
the assignment of any portion of such Receivable;

          (p)    which has not been sold, transferred, assigned or pledged to
any Person other than to (i) HAFC (or any predecessor or Affiliate of HAFC, as
applicable) by a Dealer, (ii) HARC by HAFC (or any predecessor or Affiliate of
HAFC, as applicable) pursuant to the terms of the Master Receivables Purchase
Agreements, (iii) the Issuer by HARC pursuant to the terms of the Master Sale
and Servicing Agreement and (iv) the Indenture Trustee by the Issuer pursuant to
the terms of the Indenture. No Dealer has a participation in, or other right to
receive, proceeds of any Receivable. Neither HAFC (nor any predecessor or
Affiliate of HAFC, as applicable), HARC nor the Issuer has taken any action to
convey any right to any Person that would result in such Person having a right
to payments received under the related Insurance Policy or the related Dealer
Agreement or Dealer Assignment or to payments due under such Receivable;

          (q)    which creates a valid, binding and enforceable first priority
security interest in favor of HAFC (or any predecessor or Affiliate of HAFC, as
applicable) in the Financed Vehicle;

          (r)    which is secured by an enforceable and perfected first priority
security interest in the Financed Vehicle in favor of HAFC (or any predecessor
or Affiliate of HAFC, as applicable), as secured party, which security interest
is prior to all other Liens upon and security

                                     SCH-I-3
<Page>

interests in such Financed Vehicle which now exist or may hereafter arise or be
created (except, as to priority, for any Lien for taxes, labor or materials
affecting a Financed Vehicle); and, with respect to which there are no Liens or
claims for taxes, work, labor or materials affecting the related Financed
Vehicle which are or may be Liens prior or equal to the lien of such Receivable;

          (s)    as to which all filings (including, without limitation, UCC
filings) required to be made by any Person and actions required to be taken or
performed by any Person in any jurisdiction to give the Indenture Trustee a
first priority perfected lien on, or ownership interest in, the Receivables and
the proceeds thereof have been made, taken or performed;

          (t)    as to which HAFC (or any predecessor or Affiliate of HAFC, as
applicable), HARC or the Issuer has not done anything to convey any right to any
Person that would result in such Person having a right to payments due under
such Receivable or otherwise to impair the rights of the Indenture Trustee, the
Noteholders[, the Insurer] or the Certificateholders in such Receivable or the
proceeds thereof;

          (u)    which is not assumable by another Person in a manner which
would release the Obligor thereof from such Obligor's obligations with respect
to such Receivable;

          (v)    which is not subject to any right of rescission, setoff,
counterclaim or defense and no such right has been asserted or threatened with
respect thereto;

          (w)    as to which there has been no default, breach, violation or
event permitting acceleration under the terms of such Receivable (other than
payment delinquencies permitted by clause (g)(iv) above) and no condition exists
or event has occurred and is continuing that with notice, the lapse of time or
both would constitute a default, breach, violation or event permitting
acceleration under the terms of such Receivable, and there has been no waiver of
any of the foregoing, and with respect to which the related Financed Vehicle had
not been repossessed;

          (x)    at the time of the origination of which, the related Financed
Vehicle was covered by a comprehensive and collision insurance policy (i) in an
amount at least equal to the lesser of (a) its maximum insurable value and (b)
the principal amount due from the Obligor thereunder, (ii) naming HAFC (or any
predecessor or Affiliate of HAFC, as applicable) and its successors and assigns
as loss payee and (iii) insuring against loss and damage due to fire, theft,
transportation, collision and other risks generally covered by comprehensive and
collision coverage and with respect to which the Obligor is required to maintain
physical loss and damage insurance, naming HAFC (or any predecessor or Affiliate
of HAFC, as applicable) and its successors and assigns as additional insured
parties, and such Receivable permits the holder thereof to obtain physical loss
and damage insurance at the expense of the Obligor if the Obligor fails to do
so;

          (y)    with respect to which the following is true:

          The Lien Certificate for the related Financed Vehicle shows, or if a
new or replacement Lien Certificate is being applied for with respect to such
Financed Vehicle the Lien Certificate will be received within 180 days of the
Closing Date and will show, HAFC (or any predecessor or Affiliate of HAFC, as
applicable) named as the original secured party under such Receivable and,
accordingly, HAFC (or any predecessor or Affiliate of HAFC, as applicable)

                                     SCH-I-4
<Page>

will be the holder of a first priority security interest in such Financed
Vehicle. With respect to each Receivable for which the Lien Certificate has not
yet been returned from the Registrar of Titles, HAFC has either applied for or
received written evidence from the related Dealer or the Obligor that such Lien
Certificate showing HAFC (or any predecessor or Affiliate of HAFC, as
applicable) as first lienholder has been applied for. If the Receivable was
originated in a state in which a filing or recording is required of the secured
party to perfect a security interest in motor vehicles, such filings or
recordings have been duly made to show HAFC (or any predecessor or Affiliate of
HAFC, as applicable) named as the original secured party under the related
Receivable;

          (z)    as to which no selection procedures adverse to the
Noteholders[, the Insurer] or the Certificateholder have been utilized in
selecting such Receivable from all other similar Receivables purchased by HAFC
or any predecessor or Affiliate of HAFC;

          (aa)   as to which, as of the Cutoff Date, no Obligor had been
identified on the records of HAFC (or any predecessor or Affiliate of HAFC, as
applicable) as being the subject of a current bankruptcy proceeding; and

          (bb)   as to which all funds have been fully advanced to the related
Obligor in accordance with its terms.

                                     SCH-I-5
<Page>

                                  Schedule II-A

            Schedule of Receivables (New) on File in Electronic Form
                             at Dewey Ballantine LLP


                                   SCH-II-A-1
<Page>

                                  Schedule II-B

      Schedule of Receivables (Warehouse Trust) on File in Electronic Form
                             at Dewey Ballantine LLP


                                   SCH-II-B-1
<Page>

                                    Exhibit A

                      Form of Master Servicer's Certificate


                                       A-1
<Page>

                                    Exhibit B

                                 Forms of Notes


                                       B-1
<Page>

                                    Exhibit C

                         Form of Investor Certification

                                                   Date:


[NAME OF INDENTURE TRUSTEE]
[Address]


Attention:
          Household Automotive Trust ________ Notes

          In accordance with Section 3.04 of the Series Supplement (the
"AGREEMENT"), dated as of _______________, among the Master Servicer, the
Issuer, the Seller, the Indenture Trustee, the Owner Trustee [and the Delaware
Trustee] with respect to the Household Automotive Trust ________ Notes (the
"NOTES"), the undersigned hereby certifies and agrees as follows:

          1.     The undersigned is a beneficial owner of $_________ in
principal balance of the Notes.

          2.     The undersigned is requesting a password pursuant to
Section 3.04 of the Agreement for access to certain information (the
"INFORMATION") on the Indenture Trustee's website.

          3.     In consideration of the Indenture Trustee's disclosure to the
undersigned of the Information, or the password in connection therewith, the
undersigned will keep the Information confidential (except from such outside
persons as are assisting it in connection with the related Notes, from its
accountants and attorneys, and otherwise from such governmental or banking
authorities or agencies to which the undersigned is subject), and such
Information will not, without the prior written consent of the Indenture
Trustee, be otherwise disclosed by the undersigned or by its officers,
directors, partners, employees, agents or representatives (collectively, the
"REPRESENTATIVES") in any manner whatsoever, in whole or in part.

          4.     The undersigned will not use or disclose the Information in any
manner which could result in a violation of any provision of the Securities Act
of 1933, as amended (the "SECURITIES ACT"), or the Securities Exchange Act of
1934, as amended, or would require registration of any Note pursuant to Section
5 of the Securities Act.

          5.     The undersigned shall be fully liable for any breach of this
agreement by itself or any of its Representatives and shall indemnify the
Indenture Trustee for any loss, liability or expense incurred thereby with
respect to any such breach by the undersigned or any of its Representatives.

                                       C-1
<Page>

          6.     Capitalized terms used but not defined herein shall have the
respective meanings assigned thereto in the Agreement.

          IN WITNESS WHEREOF, the undersigned has caused its name to be signed
hereby by its duly authorized officer, as of the day and year written above.


                                        ----------------------------------
                                        Beneficial Owner


                                        By:
                                           -------------------------------
                                        Title:
                                              ----------------------------
                                        Company:
                                                --------------------------
                                        Phone:
                                              ----------------------------


                                       C-2