<PAGE>
                                                                  EXECUTION COPY

                                                                    EXHIBIT 10.6

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                            ADMINISTRATION AGREEMENT

                                      among

                       WFS FINANCIAL 2003-_ OWNER TRUST,
                                   as Issuer,

                               WFS FINANCIAL INC,
                                as Administrator,

                         WFS RECEIVABLES CORPORATION 3,
                                   as Seller,

                                       and

                           _________________________,
                              as Indenture Trustee

                     Dated as of __________________, 200____

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                                TABLE OF CONTENTS

<TABLE>
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                                                                                      Page
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<S>                                                                                   <C>
Section 1.  Duties of the Administrator.............................................    1

Section 2.  Records.................................................................    7

Section 3.  Compensation............................................................    8

Section 4.  Additional Information to be Furnished to the Issuer....................    8

Section 5.  Independence of the Administrator.......................................    8

Section 6.  No Joint Venture........................................................    8

Section 7.  Other Activities of Administrator.......................................    8

Section 8.  Term of Agreement; Resignation and Removal of Administrator.............    8

Section 9.  Action upon Termination, Resignation or Removal.........................    9

Section 10.  Notices................................................................   10

Section 11.  Amendments.............................................................   10

Section 12.  Successors and Assigns.................................................   11

Section 13.  Governing Law..........................................................   11

Section 14.  Headings...............................................................   11

Section 15.  Counterparts...........................................................   11

Section 16.  Severability...........................................................   11

Section 17.  Not Applicable to WFS in Other Capacities..............................   11

Section 18.  Limitation of Liability of Owner Trustee and Indenture Trustee.........   11

Section 19.  Third-Party Beneficiary................................................   12

Section 20.  Capitalized Terms......................................................   12

Exhibit A  [FORM OF POWER OF ATTORNEY]..............................................  A-1
</TABLE>

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         This ADMINISTRATION AGREEMENT, dated as of __________________, 200____,
is among WFS FINANCIAL 2003-__ OWNER TRUST (the "Issuer"), WFS FINANCIAL INC
("WFS" or, in its capacity as administrator, the "Administrator"), WFS
RECEIVABLES CORPORATION 3, as seller (the "Seller"), and ______________________,
not in its individual capacity but solely as Indenture Trustee (the "Indenture
Trustee").

                             W I T N E S S E T H :

         WHEREAS, the Issuer is issuing _____.___% Class A-1 Notes,
_____.___%Class A-2 Notes, _____.___% Class A-3 Notes, _____.___% Class A-4
Notes, _____.___% Class B Notes, _____.___% Class C Notes and _____.___% Class D
Notes (collectively, the "Notes"), pursuant to the indenture, dated as of the
date hereof (the "Indenture"), between the Issuer and the Indenture Trustee;

         WHEREAS, the Issuer has entered into certain agreements in connection
with the issuance of the Notes and of certain beneficial ownership interests of
the Issuer, including (i) the Indenture, (ii) a sale and servicing agreement,
dated as of the date hereof (the "Sale and Servicing Agreement"), among the
Issuer, the Seller and WFS, as master servicer (in such capacity, the "Master
Servicer") and (iii) a Letter of Representations, dated __________________,
200____ (the "Depository Agreement" and, together with the Basic Documents, the
"Related Agreements"), among the Issuer, the Indenture Trustee and The
Depository Trust Company ("DTC") relating to the Notes;

         WHEREAS, pursuant to the Related Agreements, the Issuer and the Owner
Trustee are required to perform certain duties in connection with (i) the Notes
and the collateral therefor pledged pursuant to the Indenture and (ii) the
beneficial ownership interests in the Issuer;

         WHEREAS, the Issuer and the Owner Trustee desire to have the
Administrator perform certain of the duties of the Issuer and the Owner Trustee
referred to in the preceding clause and to provide such additional services
consistent with the terms of this Agreement and the Related Agreements as the
Issuer and the Owner Trustee may from time to time request; and

         WHEREAS, the Administrator has the capacity to provide the services
required hereby and is willing to perform such services for the Issuer and the
Owner Trustee on the terms set forth herein;

         NOW, THEREFORE, in consideration of the mutual covenants contained
herein, and other good and valuable consideration, the receipt and adequacy of
which are hereby acknowledged, the parties hereto agree as follows:

         Section 1. Duties of the Administrator.

         (a)     Duties with Respect to the Depository Agreement and the
Indenture.

                 (i)      The Administrator agrees to perform all its duties as
         Administrator and the duties of the Issuer and the Owner Trustee under
         the Depository Agreement. In addition, the Administrator shall consult
         with the Owner Trustee regarding the duties of the Issuer or the Owner
         Trustee under the Indenture and the Depository Agreement. The
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         Administrator shall monitor the performance of the Issuer and shall
         advise the Owner Trustee when action is necessary to comply with the
         respective duties of the Issuer and the Owner Trustee under the
         Indenture and the Depository Agreement. The Administrator shall prepare
         for execution by the Issuer, or shall cause the preparation by other
         appropriate persons, of all such documents, reports, filings,
         instruments, certificates and opinions that it shall be the duty of the
         Issuer or the Owner Trustee to prepare, file or deliver pursuant to the
         Indenture and the Depository Agreement. In furtherance of the
         foregoing, the Administrator shall take (or, in the case of the
         immediately preceding sentence, cause to be taken) all appropriate
         action that the Issuer or the Owner Trustee is required to take
         pursuant to the Indenture including, without limitation, such of the
         foregoing as are required with respect to the following matters under
         the Indenture (references are to Sections of the Indenture):

                          (A)      the duty to cause the Note Register to be
                 kept and to give the Indenture Trustee notice of any
                 appointment of a new Note Registrar and the location, or change
                 in location, of the Note Register (Section 2.04);

                          (B)      the notification of Noteholders and the
                 Rating Agencies of the final principal payment on the Notes
                 (Section 2.07(b));

                          (C)      the fixing or causing to be fixed of any
                 special record date and the notification of the Indenture
                 Trustee and Noteholders with respect to special payment dates,
                 if any (Section 2.07(d));

                          (D)      the preparation of or obtaining of the
                 documents and instruments required for execution and
                 authentication of the Notes and delivery of the same to the
                 Indenture Trustee (Section 2.02);

                          (E)      the preparation, obtaining or filing of the
                 instruments, opinions and certificates and other documents
                 required for the release of Collateral (Section 2.12);

                          (F)      the maintenance of an office in the Borough
                 of Manhattan, The City of New York, for registration of
                 transfer or exchange of Notes (Section 3.02);

                          (G)      the duty to cause newly appointed Paying
                 Agents, if any, to deliver to the Indenture Trustee the
                 instrument specified in the Indenture regarding funds held in
                 trust (Section 3.03);

                          (H)      the direction to the Indenture Trustee to
                 deposit monies with Paying Agents, if any, other than the
                 Indenture Trustee (Section 3.03);

                          (I)      the obtaining and preservation of the
                 Issuer's qualification to do business in each jurisdiction in
                 which such qualification is or shall be necessary to protect
                 the validity and enforceability of the Indenture, the Notes,
                 the Collateral and each other instrument and agreement included
                 in the Trust Estate (Section 3.04);

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                          (J)      the preparation of all supplements and
                 amendments to the Indenture and all financing statements,
                 continuation statements, instruments of further assurance and
                 other instruments and the taking of such other action as is
                 necessary or advisable to protect the Trust Estate (Section
                 3.05);

                          (K)      the delivery of the Opinion of Counsel on the
                 Closing Date and the annual delivery of Opinions of Counsel as
                 to the Trust Estate, and the annual delivery of the Officer's
                 Certificate and certain other statements as to compliance with
                 the Indenture (Sections 3.06 and 3.09);

                          (L)      the identification to the Indenture Trustee
                 in an Officer's Certificate of a Person with whom the Issuer
                 has contracted to perform its duties under the Indenture
                 (Section 3.07(b));

                          (M)      the notification of the Indenture Trustee and
                 each Rating Agency of a Servicer Default under the Sale and
                 Servicing Agreement and, if such Servicer Default arises from
                 the failure of the Master Servicer to perform any of its duties
                 or obligations under the Sale and Servicing Agreement with
                 respect to the Contracts, the taking of all reasonable steps
                 available to remedy such failure (Section 3.07(d));

                          (N)      the duty to cause the Master Servicer to
                 comply with Sections 4.09, 4.10, 4.11 and 5.07 and Article Nine
                 of the Sale and Servicing Agreement (Section 3.14);

                          (O)      the preparation and obtaining of documents
                 and instruments required for the release of the Issuer from its
                 obligations under the Indenture (Section 3.10(b));

                          (P)      the delivery of written notice to the
                 Indenture Trustee and each Rating Agency of each Event of
                 Default under the Indenture and each default by the Master
                 Servicer or the Seller under the Sale and Servicing Agreement
                 (Section 3.18);

                          (Q)      the monitoring of the Issuer's obligations as
                 to the satisfaction and discharge of the Indenture and the
                 preparation of an Officer's Certificate and the obtaining of
                 the Opinion of Counsel and the Independent Certificate relating
                 thereto (Section 4.01);

                          (R)      the compliance with any written directive of
                 the Indenture Trustee with respect to the sale of the Trust
                 Estate in a commercially reasonable manner if an Event of
                 Default shall have occurred and be continuing (Section 5.04);

                          (S)      the preparation and delivery of notice to
                 Noteholders of the removal of the Indenture Trustee and the
                 appointment of a successor Indenture Trustee (Section 6.08);

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                          (T)      the preparation of any written instruments
                 required to confirm more fully the authority of any co-trustee
                 or separate trustee and any written instruments necessary in
                 connection with the resignation or removal of the Indenture
                 Trustee or any co-trustee or separate trustee (Sections 6.08
                 and 6.10);

                          (U)      the furnishing of the Indenture Trustee with
                 the names and addresses of Noteholders during any period when
                 the Indenture Trustee is not the Note Registrar (Section 7.01);

                          (V)      the preparation and, after execution by the
                 Issuer, the filing with the Commission, any applicable state
                 agencies and the Indenture Trustee of documents required to be
                 filed on a periodic basis with, and summaries thereof as may be
                 required by rules and regulations prescribed by, the Commission
                 and any applicable state agencies and the transmission of such
                 summaries, as necessary, to the Noteholders (Section 7.03);

                          (W)      the opening of one or more accounts in the
                 Issuer's name, the preparation and delivery of Issuer Orders,
                 Officer's Certificates and Opinions of Counsel and all other
                 actions necessary with respect to investment and reinvestment
                 of funds in the Trust Accounts (Sections 8.02 and 8.03);

                          (X)      the preparation of an Issuer Request and
                 Officer's Certificate and the obtaining of an Opinion of
                 Counsel and Independent Certificates, if necessary, for the
                 release of the Trust Estate (Sections 8.04 and 8.05);

                          (Y)      the preparation of Issuer Orders and the
                 obtaining of Opinions of Counsel with respect to the execution
                 of supplemental indentures and the mailing to the Noteholders
                 of notices with respect to such supplemental indentures
                 (Sections 9.01, 9.02 and 9.03);

                          (Z)      the execution, authentication and delivery of
                 new Notes conforming to any supplemental indenture (Section
                 9.06);

                          (AA)     the duty to notify Noteholders and the Rating
                 Agencies of redemption of the Notes or to cause the Indenture
                 Trustee to provide such notification (Section 10.02);

                          (BB)     the preparation and delivery of all Officer's
                 Certificates, Opinions of Counsel and Independent Certificates
                 with respect to any requests by the Issuer to the Indenture
                 Trustee to take any action under the Indenture (Section
                 11.01(a));

                          (CC)     the preparation and delivery of Officer's
                 Certificates and the obtaining of Independent Certificates, if
                 necessary, for the release of property from the lien of the
                 Indenture (Section 11.01(b));

                          (DD)     the notification of the Rating Agencies, upon
                 the failure of the Issuer, the Owner Trustee or the Indenture
                 Trustee to give such notification, of the information required
                 pursuant to Section 11.04 of the Indenture (Section 11.04);

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                          (EE)     the preparation and delivery to Noteholders
                 and the Indenture Trustee of any agreements with respect to
                 alternate payment and notice provisions (Section 11.06);

                          (FF)     the recording of the Indenture, if applicable
                 (Section 11.15);

                          (GG)     the preparation of Definitive Notes in
                 accordance with the instructions of the Clearing Agency
                 (Section 2.11);

                          (HH)     the notification of the Rating Agencies of
                 any waiver of a Default or an Event of Default (Section 5.13);
                 and

                          (II)     maintaining the effectiveness of the licenses
                 required under the Pennsylvania Motor Vehicle Sales Finance Act
                 (Section 6.14).

                 (ii)     The Administrator will:

                          (A)      pay the Indenture Trustee from time to time
                 reasonable compensation for all services rendered by the
                 Indenture Trustee under the Indenture (which compensation shall
                 not be limited by any provision of law in regard to the
                 compensation of a trustee of an express trust);

                          (B)      except as otherwise expressly provided in the
                 Indenture, reimburse the Indenture Trustee upon its request for
                 all reasonable expenses, disbursements and advances incurred or
                 made by the Indenture Trustee in accordance with any provision
                 of the Indenture (including the reasonable compensation,
                 expenses and disbursements of its agents and counsel), except
                 any such expense, disbursement or advance as may be
                 attributable to its negligence or bad faith;

                          (C)      indemnify the Indenture Trustee and its
                 agents for, and hold them harmless against, any loss, liability
                 or expense incurred without negligence or bad faith on their
                 part, arising out of or in connection with the acceptance or
                 administration of the transactions contemplated by the
                 Indenture, including the reasonable costs and expenses of
                 defending themselves against any claim or liability in
                 connection with the exercise or performance of any of their
                 powers or duties under the Indenture; and

                          (D)      indemnify the Owner Trustee and its agents
                 for, and hold them harmless against, any loss, liability or
                 expense incurred without negligence or bad faith on their part,
                 arising out of or in connection with the acceptance or
                 administration of the transactions contemplated by the Trust
                 Agreement, including the reasonable costs and expenses of
                 defending themselves against any claim or liability in
                 connection with the exercise or performance of any of their
                 powers or duties under the Trust Agreement.

         (b)     Additional Duties.

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                 (i)      In addition to the duties set forth in Section
         1(a)(i), the Administrator shall perform such calculations and shall
         prepare or shall cause the preparation by other appropriate persons
         of, and shall execute on behalf of the Issuer or the Owner Trustee,
         all such documents, reports, filings, instruments, certificates and
         opinions that the Issuer or the Owner Trustee are required to prepare,
         file or deliver pursuant to the Related Agreements or Section 5.05 of
         the Trust Agreement, and at the request of the Owner Trustee shall
         take all appropriate action that the Issuer or the Owner Trustee are
         required to take pursuant to the Related Agreements. In furtherance
         thereof, the Owner Trustee shall, on behalf of itself and of the
         Issuer, execute and deliver to the Administrator and to each successor
         Administrator appointed pursuant to the terms hereof, one or more
         powers of attorney substantially in the form of Exhibit A hereto,
         appointing the Administrator the attorney-in-fact of the Owner Trustee
         and the Issuer for the purpose of executing on behalf of the Owner
         Trustee and the Issuer all such documents, reports, filings,
         instruments, certificates and opinions. Subject to Section 5, and in
         accordance with the directions of the Owner Trustee, the Administrator
         shall administer, perform or supervise the performance of such other
         activities in connection with the Collateral (including the Related
         Agreements) as are not covered by any of the foregoing provisions and
         as are expressly requested by the Owner Trustee and are reasonably
         within the capability of the Administrator.

                 (ii)     Notwithstanding anything in this Agreement or the
         Related Agreements to the contrary, the Administrator shall be
         responsible for promptly notifying the Owner Trustee in the event that
         any withholding tax is imposed on the Trust's payments (or allocations
         of income) to an Owner as contemplated in Section 5.02(c) of the Trust
         Agreement. Any such notice shall specify the amount of any withholding
         tax required to be withheld by the Owner Trustee pursuant to such
         provision.

                 (iii)    Notwithstanding anything in this Agreement or the
         Related Agreements to the contrary, the Administrator shall be
         responsible for performance of the duties of the Owner Trustee set
         forth in Section 5.05 of the Trust Agreement with respect to, among
         other things, accounting and reports to Owners; provided, however,
         that the Owner Trustee shall retain responsibility for the
         distribution of any Schedule K-1s necessary to enable each Owner to
         prepare its federal and state income tax returns.

                 (iv)     The Administrator shall satisfy its obligations with
         respect to clauses (ii) and (iii) above by retaining, at the expense
         of the Trust payable by the Administrator, a firm of independent
         public accountants (the "Accountants") acceptable to the Owner
         Trustee, which shall perform the obligations of the Administrator
         thereunder. In connection with paragraph (ii) above, the Accountants
         will provide prior to __________________, 200____, a letter in form
         and substance satisfactory to the Owner Trustee as to whether any tax
         withholding is then required and, if required, the procedures to be
         followed with respect thereto to comply with the requirements of the
         Code. The Accountants shall be required to update the letter in each
         instance that any additional tax withholding is subsequently required
         or any previously required tax withholding shall no longer be required.

                                       6
<PAGE>
                 (v)      The Administrator shall perform the duties of the
         Administrator specified in Section 10.02 of the Trust Agreement
         required to be performed in connection with the resignation or removal
         of the Owner Trustee, and any other duties expressly required to be
         performed by the Administrator under the Trust Agreement.

                 (vi)     In carrying out the foregoing duties or any of its
         other obligations under this Agreement, the Administrator may enter
         into transactions or otherwise deal with any of its Affiliates;
         provided, however, that the terms of any such transactions or dealings
         shall be in accordance with any directions received from the Issuer
         and shall be, in the Administrator's opinion, no less favorable to the
         Issuer than would be available from unaffiliated parties.

         (c)     Non-Ministerial Matters.

                 (i)      With respect to matters that in the reasonable
         judgment of the Administrator are non-ministerial, the Administrator
         shall not take any action unless within a reasonable time before the
         taking of such action, the Administrator shall have notified the Owner
         Trustee of the proposed action and the Owner Trustee shall not have
         withheld consent or provided an alternative direction. For the purpose
         of the preceding sentence, "non-ministerial matters" shall include,
         without limitation:

                          (A)      the amendment of or any supplement to the
                 Indenture;

                          (B)      the initiation of any claim or lawsuit by the
                 Issuer and the compromise of any action, claim or lawsuit
                 brought by or against the Issuer (other than in connection with
                 the collection of the Contracts);

                          (C)      the amendment, change or modification of the
                 Related Agreements;

                          (D)      the appointment of successor Note Registrars,
                 successor Paying Agents and successor Indenture Trustees
                 pursuant to the Indenture or the appointment of successor
                 Administrators or a successor Master Servicer, or the consent
                 to the assignment by the Note Registrar, Paying Agent or
                 Indenture Trustee of its obligations under the Indenture; and

                          (E)     the removal of the Indenture Trustee.

                 (ii)     Notwithstanding anything to the contrary in this
         Agreement, the Administrator shall not be obligated to, and shall not,
         (A) make any payments to the Noteholders under the Related Agreements,
         (B) sell the Trust Estate pursuant to clause (iv) of Section 5.04 of
         the Indenture, (C) take any other action that the Issuer directs the
         Administrator not to take on its behalf or (D) take any other action
         which may be construed as having the effect of varying the investment
         of the Holders.

         Section 2. Records. The Administrator shall maintain appropriate books
of account and records relating to services performed hereunder, which books of
account and records shall be

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<PAGE>
accessible for inspection by the Issuer and the Company at any time during
normal business hours.

         Section 3. Compensation. As compensation for the performance of the
Administrator's obligations under this Agreement and as reimbursement for its
expenses related thereto, the Administrator shall be entitled to an annual
payment of compensation which shall be solely an obligation of the Company.

         Section 4. Additional Information to be Furnished to the Issuer. The
Administrator shall furnish to the Issuer from time to time such additional
information regarding the Collateral as the Issuer shall reasonably request.

         Section 5. Independence of the Administrator. For all purposes of this
Agreement, the Administrator shall be an independent contractor and shall not be
subject to the supervision of the Issuer or the Owner Trustee with respect to
the manner in which it accomplishes the performance of its obligations
hereunder. Unless expressly authorized by the Issuer, the Administrator shall
have no authority to act for or represent the Issuer or the Owner Trustee in any
way and shall not otherwise be deemed an agent of the Issuer or the Owner
Trustee.

         Section 6. No Joint Venture. Nothing contained in this Agreement shall
(i) constitute the Administrator and either of the Issuer or the Owner Trustee
as members of any partnership, joint venture, association, syndicate,
unincorporated business or other separate entity, (ii) be construed to impose
any liability as such on any of them or (iii) be deemed to confer on any of them
any express, implied or apparent authority to incur any obligation or liability
on behalf of the others.

         Section 7. Other Activities of Administrator. Nothing herein shall
prevent the Administrator or its Affiliates from engaging in other businesses
or, in its sole discretion, from acting in a similar capacity as an
administrator for any other Person or entity even though such person or entity
may engage in business activities similar to those of the Issuer, the Owner
Trustee or the Indenture Trustee.

         Section 8. Term of Agreement; Resignation and Removal of Administrator.
This Agreement shall continue in force until the dissolution of the Issuer, upon
which event this Agreement shall automatically terminate.

         (a)     Subject to Section 8(e), the Administrator may resign its
duties hereunder by providing the Issuer with at least 60 days' prior written
notice.

         (b)     Subject to Section 8(e), the Issuer may remove the
Administrator without cause by providing the Administrator with at least 60
days' prior written notice.

         (c)     Subject to Section 8(e), at the sole option of the Issuer, the
Administrator may be removed immediately upon written notice of termination from
the Issuer to the Administrator if any of the following events shall occur:

                 (i)      the Administrator shall default in the performance of
         any of its duties under this Agreement and, after notice of such
         default, shall not cure such default within

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<PAGE>
         ten days (or, if such default cannot be cured in such time, shall not
         give within ten days such assurance of cure as shall be reasonably
         satisfactory to the Issuer);

                  (ii)     a court having jurisdiction in the premises shall
         enter a decree or order for relief, and such decree or order shall not
         have been vacated within 60 days, in respect of the Administrator in
         any involuntary case under any applicable bankruptcy, insolvency or
         other similar law now or hereafter in effect or appoint a receiver,
         liquidator, assignee, custodian, trustee, sequestrator or similar
         official for the Administrator or any substantial part of its property
         or order the winding-up or liquidation of its affairs; or

                  (iii)    the Administrator shall commence a voluntary case
         under any applicable bankruptcy, insolvency or other similar law now or
         hereafter in effect, shall consent to the entry of an order for relief
         in an involuntary case under any such law, or shall consent to the
         appointment of a receiver, liquidator, assignee, trustee, custodian,
         sequestrator or similar official for the Administrator or any
         substantial part of its property, shall consent to the taking of
         possession by any such official of any substantial part of its
         property, shall make any general assignment for the benefit of
         creditors or shall fail generally to pay its debts as they become due.

         The Administrator agrees that if any of the events specified in clauses
(ii) or (iii) above shall occur, it shall give written notice thereof to the
Issuer and the Indenture Trustee within seven days after the occurrence of such
event.

         (d)      No resignation or removal of the Administrator pursuant to
this Section shall be effective until (i) a successor Administrator shall have
been appointed by the Issuer and (ii) such successor Administrator shall have
agreed in writing to be bound by the terms of this Agreement in the same manner
as the Administrator is bound hereunder.

         (e)      The appointment of any successor Administrator shall be
effective only after satisfaction of the Rating Agency Condition with respect to
the proposed appointment.

         (f)      Subject to Section 8(d) and 8(e), the Administrator
acknowledges that upon the appointment of a Successor Master Servicer pursuant
to the Sale and Servicing Agreement, the Administrator shall immediately resign
and such Successor Master Servicer shall automatically become the Administrator
under this Agreement; provided, however, that this subsection (f) shall not
apply at such times as the Indenture Trustee shall be the Successor Master
Servicer.

         Section 9. Action upon Termination, Resignation or Removal. Promptly
upon the effective date of termination of this Agreement pursuant to the first
sentence of Section 8 or the resignation or removal of the Administrator
pursuant to Section 8(a), (b) or (c), respectively, the Administrator shall be
entitled to be paid all fees and reimbursable expenses accruing to it to the
date of such termination, resignation or removal. The Administrator shall
forthwith upon such termination pursuant to the first sentence of Section 8
deliver to the Issuer all property and documents of or relating to the
Collateral then in the custody of the Administrator. In the event of the
resignation or removal of the Administrator pursuant to Section 8(a), (b) or
(c), respectively, the Administrator shall cooperate with the Issuer and take
all reasonable steps requested to assist the Issuer in making an orderly
transfer of the duties of the Administrator.

                                       9
<PAGE>
         Section 10. Notices. Any notice, report or other communication given
hereunder shall be in writing and addressed as follows:

         (a)      if to the Issuer or the Owner Trustee, to:

                  WFS Financial 2003-__ Owner Trust
                  Chase Manhattan Bank USA, National Association
                  c/o JP Morgan Chase
                  500 Stanton Christiana Rd., OPS4 /3rd Floor
                  Newark, Delaware  19713
                  Attention:  Institutional Trust Services

         (b)      if to the Administrator, to:

                  WFS Financial Inc
                  23 Pasteur
                  Irvine, California  92618
                  Attention:  Guy Du Bose, Esq.

         (c)      if to the Indenture Trustee, to:

                  _________________________
                  _________________________
                  _________________________
                  Attention:

or to such other address as any party shall have provided to the other parties
in writing. Any notice required to be in writing hereunder shall be deemed given
if such notice is mailed by certified mail, postage prepaid, or hand-delivered
to the address of such party as provided above.

         Section 11. Amendments. This Agreement may be amended from time to time
by a written amendment duly executed and delivered by the parties hereto, with
the written consent of the Owner Trustee but without the consent of the
Noteholders and the Certificateholders, for the purpose of adding any provisions
to or changing in any manner or eliminating any of the provisions of this
Agreement or of modifying in any manner the rights of the Noteholders or
Certificateholders; provided that such amendment will not, in the Opinion of
Counsel satisfactory to the Indenture Trustee, materially and adversely affect
the interest of any Noteholder or Certificateholder. This Agreement may also be
amended by the parties hereto with the written consent of the Owner Trustee and
the holders of Notes evidencing at least a majority of the Outstanding Amount of
the Notes and the holders of Certificates evidencing at least a majority of the
Certificate Percentage for the purpose of adding any provisions to or changing
in any manner or eliminating any of the provisions of this Agreement or of
modifying in any manner the rights of Noteholders or the Certificateholders;
provided, however, that no such amendment may (i) increase or reduce in any
manner the amount of, or accelerate or delay the timing of, collections of
payments on the Contracts or distributions that are required to be made for the
benefit of the Noteholders or Certificateholders or (ii) reduce the aforesaid
percentage of the holders of Notes and Certificates which are required to
consent to any such amendment, without the consent of the holders of all
outstanding Notes and Certificates.

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<PAGE>
Notwithstanding the foregoing, the Administrator may not amend this Agreement
without the permission of the Seller, which permission shall not be unreasonably
withheld.

         Section 12. Successors and Assigns. This Agreement may not be assigned
by the Administrator unless such assignment is previously consented to in
writing by the Issuer and the Owner Trustee and subject to the satisfaction of
the Rating Agency Condition in respect thereof. An assignment with such consent
and satisfaction, if accepted by the assignee, shall bind the assignee hereunder
in the same manner as the Administrator is bound hereunder. Notwithstanding the
foregoing, this Agreement may be assigned by the Administrator without the
consent of the Issuer or the Owner Trustee to a corporation or other
organization that is a successor (by merger, consolidation or purchase of
assets) to the Administrator; provided that such successor organization executes
and delivers to the Issuer, the Owner Trustee and the Indenture Trustee an
agreement, in form and substance reasonably satisfactory to the Owner Trustee
and the Indenture Trustee, in which such corporation or other organization
agrees to be bound hereunder by the terms of said assignment in the same manner
as the Administrator is bound hereunder. Subject to the foregoing, this
Agreement shall bind any successors or assigns of the parties hereto.

         Section 13. Governing Law. THIS AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA, WITHOUT REFERENCE TO ITS
CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS, EXCEPT THAT
THE DUTIES OF THE INDENTURE TRUSTEE SHALL BE GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK.

         Section 14. Headings. The section and subsection headings hereof have
been inserted for convenience of reference only and shall not be construed to
affect the meaning, construction or effect of this Agreement.

         Section 15. Counterparts. This Agreement may be executed in several
counterparts, each of which shall be an original and all of which shall
constitute but one and the same agreement.

         Section 16. Severability. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall be ineffective to the
extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction.

         Section 17. Not Applicable to WFS in Other Capacities. Nothing in this
Agreement shall affect any obligation WFS may have in any other capacity.

         Section 18. Limitation of Liability of Owner Trustee and Indenture
Trustee.

         (a)      Notwithstanding anything contained herein to the contrary,
this instrument has been countersigned by ________________________ not in its
individual capacity but solely in its capacity as Owner Trustee of the Issuer
and in no event shall _________________________ in its individual capacity or
any beneficial owner of the Issuer have any liability for the representations,
warranties, covenants, agreements or other obligations of the Issuer hereunder,
as to all of which recourse shall be had solely to the assets of the Issuer. For
all purposes of this

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Agreement, in the performance of any duties or obligations of the Issuer
hereunder, the Owner Trustee shall be subject to, and entitled to the benefits
of, the terms and provisions of Articles Six, Seven and Eight of the Trust
Agreement.

         (b)      Notwithstanding anything contained herein to the contrary,
this Agreement has been countersigned by _______________________ not in its
individual capacity but solely as Indenture Trustee and in no event shall
_______________________ have any liability for the representations, warranties,
covenants, agreements or other obligations of the Issuer hereunder or in any of
the certificates, notices or agreements delivered pursuant hereto, as to all of
which recourse shall be had solely to the assets of the Issuer.

         Section 19. Third-Party Beneficiary. The Owner Trustee is a third-party
beneficiary to this Agreement and is entitled to the rights and benefits
hereunder and may enforce the provisions hereof as if it were a party hereto.

         Section 20. Capitalized Terms. Except as otherwise specified herein or
as the context may otherwise require, capitalized terms used herein that are not
otherwise defined shall have the meanings ascribed thereto in the Indenture or
the Sale and Servicing Agreement, as the case may be.

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<PAGE>
         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed and delivered as of the day and year first above written.

                        WFS FINANCIAL 2003-_ OWNER TRUST

                        By: _______________________________, not in
                             its individual capacity but solely as Owner
                             Trustee

                        By: _______________________________
                            Name:
                            Title:

                        WFS FINANCIAL INC,
                            as Administrator

                        By: _______________________________
                            Name:
                            Title:

                        WFS RECEIVABLES CORPORATION 3,
                            as Seller

                        By: _______________________________
                            Name:
                            Title:

                        ________________________________, not in its
                         individual capacity but solely as Indenture
                         Trustee

                        By: _______________________________
                            Name:
                            Title:

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                                                                      EXHIBIT A

                         [FORM OF POWER OF ATTORNEY]

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