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                                                                    EXHIBIT 10.2






                           FORM OF PURCHASE AGREEMENT

                                     between

                                  [Originator]

                                       as

                                     Seller

                                       and

                 VOLKSWAGEN PUBLIC AUTO LOAN SECURITIZATION, LLC

                                       as

                                    Purchaser

                         Dated as of ___________, 200__


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                                TABLE OF CONTENTS

<Table>
<Caption>
                                                                                                          PAGE

<S>                                                                                                      <C>
ARTICLE I      DEFINITIONS................................................................................  1

         SECTION 1.1.        Definitions..................................................................  1

         SECTION 1.2.        Other Interpretive Provisions................................................  1

ARTICLE II     PURCHASE AND SALE OF RECEIVABLES...........................................................  2

         SECTION 2.1.        Purchase and Sale of Receivables.............................................  2

         SECTION 2.2.        Receivables Purchase Price...................................................  2

ARTICLE III    REPRESENTATIONS AND WARRANTIES.............................................................  3

         SECTION 3.1.        Representations and Warranties of Seller.....................................  3

         SECTION 3.2.        Representations and Warranties as to Each Receivable.........................  4

         SECTION 3.3.        Repurchase upon Breach.......................................................  7

ARTICLE IV     COVENANTS OF SELLER........................................................................  7

         SECTION 4.1.        Protection of Title to Seller Assets.........................................  7

         SECTION 4.2.        Liability of Seller; Indemnities.............................................  9

ARTICLE V      MISCELLANEOUS PROVISIONS..................................................................  10

         SECTION 5.1.        Obligations of Seller.......................................................  10

         SECTION 5.2.        Seller's Assignment of Purchased Receivables................................  10

         SECTION 5.3.        Subsequent Transfer to Issuer and Indenture Trustee.........................  10

         SECTION 5.4.        Amendment...................................................................  10

         SECTION 5.5.        Waivers.....................................................................  12

         SECTION 5.6.        Notices.....................................................................  12

         SECTION 5.7.        Representations to Seller...................................................  12

         SECTION 5.8.        Governing Law...............................................................  12

         SECTION 5.9.        Counterparts................................................................  12
</Table>


                                      -i-

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                               PURCHASE AGREEMENT

         This PURCHASE AGREEMENT (as from time to time amended, supplemented or
otherwise modified and in effect, this "Agreement") is made as of this ___th day
of ___________, 200__ by and between [Originator], a ____________ (the
"Seller"), and VOLKSWAGEN PUBLIC AUTO LOAN SECURITIZATION, LLC, a Delaware
limited liability company (the "Purchaser").

         WHEREAS, in the regular course of its business, Seller purchases or
originates Motor Vehicle Loans secured by new and used automobiles and light
trucks;

         WHEREAS, Purchaser desires to purchase from Seller a portfolio of Motor
Vehicle Loans arising in connection with Motor Vehicle Loans purchased by the
Seller from Dealers or originated by Seller; and

         WHEREAS, Seller is willing to sell such Motor Vehicle Loans to
Purchaser.

         NOW, THEREFORE, in consideration of the premises and the mutual
covenants herein contained, the parties hereto agree as follows:

                                   ARTICLE I

                                   DEFINITIONS

         SECTION 1.1. Definitions. Capitalized terms are used in this Agreement
as defined in Appendix X to the Sale and Servicing Agreement among Volkswagen
Auto Loan Enhanced [Trust][LLC] 200_-_, as issuer, the Purchaser, as seller, [VW
Credit, Inc.], as servicer, and ___________, as Indenture Trustee except that
references in Appendix X to the "Seller" shall be deemed to be references to
Purchaser hereunder and references to a "Seller Affiliate" shall be deemed to be
references to the Seller hereunder.

         SECTION 1.2. Other Interpretive Provisions. For purposes of this
Agreement, unless the context otherwise requires: (a) accounting terms not
otherwise defined in this Agreement, and accounting terms partly defined in this
Agreement to the extent not defined, shall have the respective meanings given to
them under generally accepted accounting principles; (b) terms defined in
Article 9 of the UCC and not otherwise defined in this Agreement are used as
defined in that Article; (c) the words "hereof," "herein" and "hereunder" and
words of similar import refer to this Agreement as a whole and not to any
particular provision of this Agreement; (d) references to any Article, Section,
Schedule or Exhibit are references to Articles, Sections, Schedules and Exhibits
in or to this Agreement and references to any paragraph, subsection, clause or
other subdivision within any Section or definition refer to such paragraph,
subsection, clause or other subdivision of such Section or definition; (e) the
term "including" means "including without limitation"; (f) except as otherwise
expressly provided herein, references to any law or regulation refer to that law
or regulation as amended from time to time and include any successor law or
regulation; (g) references to any Person include that Person's successors and
assigns; and (h) headings are for purposes of reference only and shall not
otherwise affect the meaning or interpretation of any provision hereof.


<PAGE>

ARTICLE II

                        PURCHASE AND SALE OF RECEIVABLES

         SECTION 2.1. Purchase and Sale of Receivables. Effective as of the
Closing Date and immediately prior to the transactions pursuant to the
Indenture, the Sale and Servicing Agreement and the Trust Agreement, Seller does
hereby sell, transfer, assign, set over and otherwise convey to Purchaser,
without recourse (subject to the obligations herein) (the "Seller Assets"):

                  (i) all right, title and interest of Seller in and to the
         Receivables, and all moneys received thereon [on or] after the Cutoff
         Date;

                  (ii) all right, title and interest of Seller in the security
         interests in the Financed Vehicles granted by Obligors pursuant to the
         Receivables and any other interest of Seller in the Financed Vehicles
         and any other property that shall secure the Receivables;

                  (iii) the interest of Seller in any proceeds with respect to
         the Receivables from claims on any Insurance Policies covering Financed
         Vehicles or the Obligors or from claims under any lender's single
         interest insurance policy naming the Seller as an insured;

                  (iv) rebates of premiums relating to Insurance Policies and
         rebates of other items such as extended warranties financed under the
         Receivables, in each case, to the extent the Servicer would, in
         accordance with its customary practices, apply such amounts to the
         Principal Balance of the related Receivable;

                  (v) the interest of Seller in any proceeds from (i) any
         Receivable repurchased by a Dealer, pursuant to a Dealer Agreement, as
         a result of a breach of representation or warranty in the related
         Dealer Agreement, (ii) a default by an Obligor resulting in the
         repossession of the Financed Vehicle under the applicable Motor Vehicle
         Loan or (iii) any Dealer Recourse or other rights relating to the
         Receivables under Dealer Agreements;

                  (vi) all right, title and interest of Seller in any instrument
         or document relating to the Receivables; and

                  (vii) the proceeds of any and all of the foregoing.

         The sale, transfer, assignment, setting over and conveyance made
hereunder shall not constitute and is not intended to result in an assumption by
Purchaser of any obligation of Seller to the Obligors, the Dealers or any other
Person in connection with the Receivables and the other assets and properties
conveyed hereunder or any agreement, document or instrument related thereto.

         SECTION 2.2. Receivables Purchase Price. In consideration for the
Seller Assets, Purchaser shall, on the Closing Date, pay to Seller the
Receivables Purchase Price. The "Receivables Purchase Price" shall be an amount
equal to 100% of the sum of the following amounts: (i) the aggregate principal
balance of the Seller's Receivables as of the Cutoff Date;


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(ii) accrued interest on such Receivables from the last payment date on the
Receivables prior to Cutoff Date and to and including the day immediately
preceding the Closing Date; and (iii) [insert appropriate adjustments]. The
Receivables Purchase Price shall be paid by __________________ in same day
funds.

                                  ARTICLE III

                         REPRESENTATIONS AND WARRANTIES

         SECTION 3.1. Representations and Warranties of Seller. Seller hereby
makes the following representations and warranties upon which Purchaser may
rely. Such representations are made as of the execution and delivery of this
Agreement, but shall survive the sale, transfer and assignment of the
Receivables to Purchaser.

                  (a) Organization and Good Standing. Seller has been duly
         organized and is validly existing as ________________ in good standing
         under the laws of its organization, with the power and authority to own
         its properties and to conduct its business as such properties are
         presently owned and such business is presently conducted and had at all
         relevant times, and has, power, authority and legal right to acquire,
         own and sell the Seller Assets pursuant to Article II.

                  (b) Power and Authority. Seller has the power, authority and
         legal right to execute and deliver this Agreement and to carry out its
         terms and to sell and assign the Seller Assets; and the execution,
         delivery and performance of this Agreement has been duly authorized by
         Seller by all necessary corporate action.

                  (c) No Consent Required. No approval, authorization, consent,
         license or other order or action of, or filing or registration with,
         any governmental authority, bureau or agency is required in connection
         with the execution, delivery or performance of this Agreement or the
         consummation of the transactions contemplated hereby or thereby, other
         than the filing of UCC financing statements.

                  (d) Valid Sale; Binding Obligation. Seller intends this
         Agreement to effect a valid sale, transfer, and assignment of the
         Receivables and the other properties and rights included in the Seller
         Assets conveyed by Seller to Purchaser hereunder, enforceable against
         creditors of and purchasers from Seller; and this Agreement constitutes
         a legal, valid and binding obligation of Seller, enforceable against
         Seller in accordance with its terms, subject, as to enforceability, to
         applicable bankruptcy, insolvency, reorganization, conservatorship,
         receivership, liquidation and other similar laws affecting enforcement
         of the rights of creditors generally and to equitable limitations on
         the availability of specific remedies.

                  (e) No Violation. The execution, delivery and performance by
         Seller of this Agreement and the consummation of the transactions
         contemplated hereby will not conflict with, result in any material
         breach of any of the terms and provisions of, constitute (with or
         without notice or lapse of time) a material default under or result in
         the creation or imposition of any Lien upon any of its material
         properties pursuant to the



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         terms of, (i) the organizational documents of Seller, (ii) any material
         indenture, contract, lease, mortgage, deed of trust or other instrument
         or agreement to which Seller is a party or by which Seller is bound, or
         (iii) any law, order, rule or regulation applicable to Seller of any
         federal or state regulatory body, any court, administrative agency, or
         other governmental instrumentality having jurisdiction over Seller.

                  (f) No Proceedings. There are no proceedings or investigations
         pending, or, to the knowledge of Seller, threatened, before any court,
         regulatory body, administrative agency, or other tribunal or
         governmental instrumentality having jurisdiction over Seller or its
         properties: (i) asserting the invalidity of this Agreement or the
         transactions contemplated herein, (ii) seeking to prevent the
         consummation of any of the transactions by this Agreement, (iii)
         seeking any determination or ruling that might materially and adversely
         affect the performance by Seller of its obligations under, or the
         validity or enforceability of, this Agreement or the transactions
         contemplated herein, or (iv) that may materially and adversely affect
         this Agreement or the transactions contemplated hereby.

         SECTION 3.2. Representations and Warranties as to Each Receivable.
Seller hereby makes the following representations and warranties as to each
Receivable conveyed by it to Purchaser hereunder on which Purchaser shall rely
in acquiring the Receivables. Unless otherwise indicated, such representations
and warranties shall speak as of the Closing Date, but shall survive the sale,
transfer and assignment of the Receivables to Purchaser hereunder, the sale,
transfer and assignment of the Receivables to Issuer under the Sale and
Servicing Agreement, and the pledge thereof to Indenture Trustee pursuant to the
Indenture.

                  (a) Characteristics of Receivables. Each Receivable has been
         fully and properly executed by the parties thereto and (i) is a Direct
         Loan made by an Originator or has been originated by a Dealer in the
         ordinary course of such Dealer's business and has been purchased by an
         Originator, in either case, in the ordinary course of such Originator's
         business and accordance with such Originator's underwriting standards
         to finance the retail sale by a Dealer of the related Financed Vehicle
         or has otherwise been acquired by the Seller, (ii) the Originator of
         which has underwriting standards that require physical damage insurance
         to be maintained on the related Financed Vehicle, (iii) is secured by a
         valid, subsisting, binding and enforceable first priority security
         interest in favor of the Seller in the Financed Vehicle (subject to
         administrative delays and clerical errors on the part of the applicable
         government agency and to any statutory or other lien arising by
         operation of law after the Closing Date which is prior to such security
         interest), which security interest is assignable together with such
         Receivable, and has been so assigned to Purchaser, and subsequently
         assigned by Purchaser to the Issuer, (iv) contains customary and
         enforceable provisions such that the rights and remedies of the holder
         thereof are adequate for realization against the collateral of the
         benefits of the security, (v) provided, at origination, for level
         monthly payments (provided that the amount of the last payment may be
         different), which fully amortize the Initial Principal Balance over the
         original term, (vi) provides for interest at the Contract Rate
         specified in the Schedule of Receivables, (vii) was originated in the
         United States and (viii) constitutes "chattel paper" as defined in the
         UCC.


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                  (b) Individual Characteristics. The Receivables have the
         following individual characteristics as of the Cutoff Date; (i) each
         Receivable is secured by either a Motor Vehicle; (ii) each Receivable
         has a Contract Rate of at least ____% and not more than ____%; (iii)
         each Receivable had a remaining number of scheduled payments, as of the
         Cutoff Date, of not less than ____ and not more than ____; (iv) each
         Receivable had an Initial Principal Balance of not less than
         $__________ and not more than $__________; (v) no Receivable was more
         than 30 days past due as of the Cutoff Date; (vi) no Financed Vehicle
         had been repossessed as of the Cutoff Date; (vii) no Receivable is
         subject to a force placed Physical Damage Insurance Policy on the
         related Financed Vehicle; [(viii) each Receivable is a Simple Interest
         Receivable;] and (ix) the Dealer of the Financed Vehicle has no
         participation in, or other right to receive, any proceeds of the
         Receivable. The Receivables were selected using selection procedures
         that were not intended by Seller to be adverse to the Purchaser.

                  (c) Schedule of Receivables. The information with respect to
         each Receivable set forth in the Schedule of Receivables, including
         (without limitation) the identity and address of the Obligor, account
         number, the Initial Principal Balance, the maturity date and the
         Contract Rate, was true and correct in all material respects as of the
         close of business on the Cutoff Date.

                  (d) Compliance with Law. Each Receivable complied at the time
         it was originated or made, and will comply as of the Closing Date, in
         all material respects with all requirements of applicable federal,
         state and local laws, and regulations thereunder, including, to the
         extent applicable, usury laws, the Federal Truth in Lending Act, the
         Equal Credit Opportunity Act, the Fair Credit Billing Act, the Fair
         Credit Reporting Act, the Federal Trade Commission Act, the
         Magnuson-Moss Warranty Act, the Fair Debt Collection Practices Act,
         Federal Reserve Board Regulations B and Z and any other consumer
         credit, consumer protection, equal opportunity and disclosure laws.

                  (e) Binding Obligation. Each Receivable constitutes the
         genuine, legal, valid and binding payment obligation in writing of the
         Obligor, enforceable in all material respects by the holder thereof in
         accordance with its terms, subject to the effect of bankruptcy,
         insolvency, reorganization, or other similar laws affecting the
         enforcement of creditors' rights generally, and each Receivable is not
         subject to any right of rescission, setoff, counterclaim or defense,
         including the defense of usury.

                  (f) Lien in Force. Seller has not taken any action which would
         have the effect of releasing the related Financed Vehicle from the Lien
         granted by the Receivable in whole or in part.

                  (g) No Amendment or Waiver. No material provision of any
         Receivable has been amended, waived, altered or modified in any
         respect, except such waivers as would be permitted under this
         Agreement, and no amendment, waiver, alteration or modification causes
         any Receivable not to conform to the other representations or
         warranties contained in this Section.


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                  (h) No Liens. Seller has not received notice of any Liens or
         claims, including Liens for work, labor, materials or unpaid state or
         federal taxes, relating to the Financed Vehicle securing a Receivable,
         that are or may be prior to or equal to the Lien granted by such
         Receivable.

                  (i) No Default. Except for payment delinquencies continuing
         for a period of not more than 30 days as of the Cutoff Date, to the
         knowledge of Seller, no default, breach, violation or event permitting
         acceleration under the terms of any Receivable exists and no continuing
         condition that with notice or lapse of time, or both, would constitute
         a default, breach, violation or event permitting acceleration under the
         terms of any Receivable has arisen.

                  (j) Insurance. Each Receivable requires the Obligor to insure
         the Financed Vehicle under a Physical Damage Insurance Policy, pay the
         premiums for such insurance and keep such insurance in full force and
         effect.

                  (k) Good Title. It is the intention of Seller that the
         transfer and assignment herein contemplated constitute a sale of the
         Receivables from Seller to Purchaser and that the beneficial interest
         in and title to the Receivables not be part of Seller's estate in the
         event of the filing of a bankruptcy petition or insolvency proceeding
         by or against Seller under any bankruptcy or insolvency law. No
         Receivable has been sold, transferred, assigned, or pledged by Seller
         to any Person other than Purchaser. Immediately prior to the transfer
         and assignment herein contemplated, Seller had good and marketable
         title to the Receivable free and clear of any Lien and had full right
         and power to transfer and assign the Receivable to Purchaser and
         immediately upon the transfer and assignment of the Receivable to
         Purchaser, Purchaser shall have good and marketable title to the
         Receivable, free and clear of any Lien; and Purchaser's interest in the
         Receivable resulting from the transfer has been perfected under the
         UCC.

                  (l) Obligations. Seller has duly fulfilled all obligations on
         its part to be fulfilled under, or in connection with, the Receivables.

                  (m) Possession. There is only one original executed
         Receivable, and immediately prior to the Closing Date, the Seller will
         have possession of such original executed Receivable.

                  (n) [No Government Obligor. The Obligor on any Receivable is
         not the United States of America or any state thereof or any local
         government, or any agency, department, political subdivision or
         instrumentality of the United States of America or any state thereof or
         any local government.]

                  (o) Marking Records. By the Closing Date, Seller shall have
         caused the portions of Seller's electronic master record of Motor
         Vehicle Loans relating to the Receivables to be clearly and
         unambiguously marked to show that each Receivable is owned by Purchaser
         in accordance with the terms of this Agreement.

                  (p) No Assignment. As of the Closing Date, Seller shall not
         have taken any action to convey any right to any Person that would
         result in such Person having a right



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         to payments received under the Insurance Policies or Dealer Agreements,
         or payments due under the Receivable, that is senior to, or equal with,
         that of Purchaser.

                  (q) Lawful Assignment. Each Receivable has not been originated
         in, and is not subject to the laws of, any jurisdiction under which the
         sale, transfer or assignment of any such Receivable hereunder or
         pursuant to transfers of the Notes or Certificates are unlawful, void
         or voidable. Seller has not entered into any agreement with any Obligor
         that prohibits, restricts or conditions the assignment of any portion
         of the Receivables.

         SECTION 3.3. Repurchase upon Breach. Seller or Purchaser, as the case
may be, shall inform the other party to this Agreement promptly, in writing,
upon the discovery of any breach or failure to be true of the representations or
warranties made by Seller in Section 3.2; provided that the failure to give such
notice shall not affect any obligation of Seller. If the breach or failure shall
not have been cured by the last day of the Collection Period which includes the
60th day (or if Seller elects, the 30th day) after the date on which Seller
becomes aware of, or receives written notice from Purchaser of, such breach or
failure, and such breach or failure materially and adversely affects the
interests of Issuer and the Holders in any Receivable. Seller shall repurchase
each such Receivable from Purchaser as of such last day of such Collection
Period at a purchase price equal to the Purchase Amount for such Receivable as
of such last day of such Collection Period. Notwithstanding the foregoing, any
such breach or failure with respect to the representations and warranties
contained in Section 3.2 will not be deemed to have such a material and adverse
effect with respect to a Receivable if the facts resulting in such breach or
failure do not affect the ability of Issuer to receive and retain payment in
full on such Receivable. In consideration of the purchase of a Receivable
hereunder, Seller shall (unless otherwise directed by Purchaser in writing)
deposit the Purchase Amount of such Receivable, no later than the close of
business on the next Deposit Date, in the Collection Account. The sole remedy of
Purchaser with respect to a breach or failure to be true of the warranties made
by Seller pursuant to Section 3.2 shall be to require Seller to repurchase
Receivables pursuant to this Section.

                                   ARTICLE IV

                               COVENANTS OF SELLER

         Seller covenants and agrees with Purchaser as follows:

         SECTION 4.1. Protection of Title to Seller Assets. (a) Seller shall
execute and file such financing statements and cause to be executed and filed
such continuation statements, all in such manner and in such places as may be
required by law fully to preserve, maintain and protect the interest of
Purchaser, Issuer and Indenture Trustee in the Receivables and the proceeds
thereof. Seller shall deliver (or cause to be delivered) to Purchaser
file-stamped copies of, or filing receipts for, any document filed as provided
above, as soon as available following such filing.

                  (b) Seller shall not change its name, identity or corporate
         structure in any manner that would, could or might make any financing
         statement or continuation statement filed in accordance with paragraph
         (a) above seriously misleading within the meaning of Section 9-507 of
         the UCC, unless it shall have given Purchaser, Issuer and Indenture
         Trustee at least five days' prior written notice thereof and shall have
         promptly filed appropriate amendments to all previously filed financing
         statements or continuation statements.

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                  (c) Seller shall give Purchaser, Issuer and Indenture Trustee
         at least 60 days' prior written notice of any relocation of its
         principal executive office if, as a result of such relocation, the
         applicable provisions of the UCC would require the filing of any
         amendment of any previously filed financing or continuation statement
         or of any new financing statement and shall promptly file any such
         amendment or new financing statement.

                  (d) Seller shall maintain its computer systems relating to
         installment loan recordkeeping so that, from and after the time of sale
         under this Agreement of its Receivables, Seller's master computer
         records (including any backup archives) that refer to a Receivable
         shall indicate clearly the interest of Purchaser, Issuer and Indenture
         Trustee in such Receivable and that such Receivable has been sold to
         Purchaser and by Purchaser to Issuer and is owned by Issuer and has
         been pledged to Indenture Trustee pursuant to the Indenture. Indication
         of Purchaser's, Issuer's and Indenture Trustee's interest in a
         Receivable shall be deleted from or modified on Seller's computer
         systems when, and only when, the related Receivable shall have been
         paid in full or repurchased by Seller or purchased by Servicer.

                  (e) If at any time Seller shall propose to sell, grant a
         security interest in or otherwise transfer any interest in automotive
         receivables to any prospective purchaser, lender or other transferee,
         Seller shall give to such prospective purchaser, lender or other
         transferee computer tapes, records or printouts (including any restored
         from backup archives) that, if they shall refer in any manner
         whatsoever to any Receivable, shall indicate clearly that such
         Receivable has been sold to Purchaser and then sold by Purchaser to
         Issuer and pledged to Indenture Trustee.

                  (f) Seller shall permit Purchaser, Issuer and Indenture
         Trustee and its agents at any time during normal business hours to
         inspect, audit and make copies of and abstracts from Seller's records
         regarding any Receivable.

                  (g) Upon request at any time Purchaser, Issuer or Indenture
         Trustee shall have reasonable grounds to believe that such request is
         necessary in connection with the performance of its duties under this
         Agreement, Seller shall furnish to Purchaser, within thirty (30)
         Business Days, a list of all Receivables (by contract number and name
         of Obligor) conveyed to Purchaser hereunder and then owned by Issuer,
         together with a reconciliation of such list to the Schedule of
         Receivables and to each of Servicer's Reports furnished before such
         request indicating removal of Receivables from Issuer.

                  (h) Seller shall deliver or cause to be delivered to
         Purchaser, Issuer and Indenture Trustee:

                           (1) promptly after the execution and delivery of this
                  Agreement and of each amendment thereto, an Opinion of Counsel
                  either (A) stating that, in the opinion of such counsel, all
                  financing statements and continuation statements


                                       8
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                  have been executed and filed that are necessary fully to
                  preserve and protect the interest of Purchaser in the
                  Receivables, and reciting the details of such filings or
                  referring to prior Opinions of Counsel in which such details
                  are given, or (B) stating that, in the opinion of such
                  counsel, no such action shall be necessary to preserve and
                  protect such interest; and

                           (2) within 120 days after the beginning of each
                  calendar year beginning with the first calendar year beginning
                  more than three months after the Cutoff Date, an Opinion of
                  Counsel, dated as of a date during such 120-day period, either
                  (A) stating that, in the opinion of such counsel, all
                  financing statements and continuation statements have been
                  executed and filed that are necessary fully to preserve and
                  protect the interest of Purchaser in the Receivables, and
                  reciting the details of such filings or referring to prior
                  Opinions of Counsel in which such details are given, or (B)
                  stating that, in the opinion of such counsel, no such action
                  shall be necessary to preserve and protect such interest.

         Each Opinion of Counsel referred to in clause (1) or (2) above shall
specify any action necessary (as of the date of such opinion) to be taken in the
following year to preserve and protect such interest.

         SECTION 4.2. Liability of Seller; Indemnities. Seller shall be liable
in accordance herewith only to the extent of the obligations specifically
undertaken by Seller under this Agreement.

                  (a) Seller shall indemnify, defend and hold harmless
         Purchaser, Issuer, Owner Trustee and Indenture Trustee and their
         respective officers, directors, employees and agents from and against
         any taxes that may at any time be asserted against any such Person with
         respect to, and on the date of, the sale of the Receivables to
         Purchaser, including any sales, gross receipts, general corporation,
         tangible personal property, privilege or license taxes (but, not
         including any taxes asserted with respect to Federal or other income
         taxes arising out of this Agreement and the other Basic Documents) and
         costs and expenses in defending against the same.

                  (b) Seller shall indemnify, defend and hold harmless
         Purchaser, Issuer, Owner Trustee, Indenture Trustee, the
         Certificateholders, the Noteholders and the officers, directors,
         employees and agents of Purchaser, Issuer, Issuer and Indenture Trustee
         from and against any and all costs, expenses, losses, claims, damages
         and liabilities to the extent arising out of, or imposed upon such
         Person through or as a result of (i) Seller's willful misfeasance, bad
         faith or gross negligence in the performance of its duties under this
         Agreement, and (ii) the failure of any Receivable conveyed by it to
         Purchaser hereunder, or the sale of the related Financed Vehicle, to
         comply with all requirements of applicable law.

                  (c) Seller shall be liable as primary obligor for, and shall
         indemnify, defend and hold harmless Purchaser and its officers,
         directors, employees and agents from and against any and all costs,
         expenses, losses, claims, damages and liabilities arising out of,


                                       9
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         or incurred in connection with, the acceptance or performance of the
         duties set forth herein, except to the extent that such cost, expense,
         loss, claim, damage or liability shall be due to the willful
         misfeasance, bad faith or negligence (except for errors in judgment) of
         Purchaser.

Indemnification under this Section shall survive the termination of this
Agreement and shall include reasonable fees and expenses of counsel and other
expenses of litigation. If Seller shall have made any indemnity payments
pursuant to this Section and the Person to or on behalf of whom such payments
are made thereafter shall collect any of such amounts from others, such Person
shall promptly repay such amounts to Seller, without interest.

                                   ARTICLE V

                            MISCELLANEOUS PROVISIONS

         SECTION 5.1. Obligations of Seller. The obligations of Seller under
this Agreement shall not be affected by reason of any invalidity, illegality or
irregularity of any Receivable.

         SECTION 5.2. Seller's Assignment of Purchased Receivables. With respect
to all Receivables repurchased by Seller pursuant to this Agreement, Purchaser
shall assign, without recourse, representation or warranty, to Seller all
Purchaser's right, title and interest in and to such Receivables, and all
security and documents relating thereto.

         SECTION 5.3. Subsequent Transfer to Issuer and Indenture Trustee.
Seller acknowledges that:

                  (a) Purchaser will, pursuant to the Sale and Servicing
         Agreement, sell the Receivables to Issuer and assign its rights under
         this Agreement to the Issuer, and that the representations and
         warranties contained in this Agreement and the rights of Purchaser
         under Section 3.3 hereof are intended to benefit Issuer. Seller hereby
         consents to such sale and assignment.

                  (b) Issuer will, pursuant to the Indenture, pledge the
         Receivables and its rights under this Agreement to the Indenture
         Trustee for the benefit of the Noteholders, and that the
         representations and warranties contained in this Agreement and the
         rights of Purchaser under this Agreement, including under Section 3.3
         are intended to benefit the Indenture Trustee and the Noteholders.
         Seller hereby consents to such pledge.

         SECTION 5.4. Amendment. (a) This Agreement may be amended by Seller and
the Purchaser, with the consent of the Servicer, Issuer and Indenture Trustee
(which consent may not be unreasonably withheld), but without the consent of any
of the Noteholders or the Certificateholders:

                  (i) to cure any ambiguity or defect, to correct or supplement
         any provisions in this Agreement or for the purpose of adding any
         provisions to or changing in any manner or eliminating any of the
         provisions in this Agreement; provided that such action shall not, as
         evidenced by an Opinion of Counsel delivered to Purchaser, Issuer and
         Indenture


                                       10
<PAGE>

         Trustee, adversely affect in any material respect the interests of any
         Noteholder or Certificateholder;

                  (ii) [to add, modify or eliminate such provisions as may be
         necessary or advisable in order to enable (a) the transfer to Issuer of
         all or any portion of the Receivables to be derecognized under GAAP by
         Purchaser to Issuer, (b) Issuer to avoid becoming a member of
         Purchaser's consolidated group under GAAP or (c) the Seller or
         Purchaser, or any of their Affiliates to otherwise comply with or
         obtain more favorable treatment under any law or regulation or any
         accounting rule or principle; it being a condition to any such
         amendment that each Rating Agency shall have notified the Seller,
         Purchaser, the Servicer, Indenture Trustee and the Issuer in writing
         that the amendment will not result in a reduction or withdrawal of the
         rating of any outstanding Notes or Certificates with respect to which
         it is a Rating Agency].

                  (b) This Agreement may also be amended from time to time by
         Seller and Purchaser, with the consent of the Servicer, Issuer and
         Indenture Trustee, the consent of the Holders of Notes evidencing not
         less than a majority of the Outstanding Amount of the Notes and the
         consent of the Holders of Certificates evidencing not less than a
         majority of the Certificate Balance for the purpose of adding any
         provisions to or changing in any manner or eliminating any of the
         provisions of this Agreement; provided that no such amendment shall (i)
         increase or reduce in any manner the amount of, or accelerate or delay
         the timing of, collections of payments on Receivables or distributions
         that shall be required to be made for the benefit of the Noteholders or
         the Certificateholders or (ii) reduce the aforesaid percentage of the
         Outstanding Amount of the Notes and the Certificate Balance, the
         Holders of which are required to consent to any such amendment, without
         the consent of the Holders of all the outstanding Notes and the Holders
         of all the outstanding Certificates of each class affected thereby.

                  (c) Prior to the execution of any such amendment or consent,
         Purchaser shall furnish written notification of the substance of such
         amendment or consent to each Rating Agency. Promptly after the
         execution of any such amendment or consent, Purchaser shall furnish
         written notification the substance of such amendment or consent to each
         Noteholder, Certificateholder and Issuer and Indenture Trustee.

                  (d) It shall not be necessary for the consent of
         Certificateholders or Noteholders pursuant to this Section to approve
         the particular form of any proposed amendment or consent, but it shall
         be sufficient if such consent shall approve the substance thereof.

                  (e) Prior to the execution of any amendment to this Agreement,
         Purchaser, Issuer and 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 Agreement and that all
         conditions precedent to the execution and delivery of such amendment
         have been satisfied and the Opinion of Counsel referred to in Section
         4.1(h)(i) has been delivered. Purchaser, Issuer and Indenture Trustee
         may, but shall not be obligated to, enter into any such amendment which
         affects Purchaser's, Issuer's or


                                       11
<PAGE>

         Indenture Trustee's, as applicable, own rights, duties or immunities
         under this Agreement or otherwise.

         SECTION 5.5. Waivers. No failure or delay on the part of Purchaser in
exercising any power, right or remedy under this Agreement shall operate as a
waiver thereof, nor shall any single or partial exercise of any such power,
right or remedy preclude any other or further exercise thereof or the exercise
of any other power, right or remedy.

         SECTION 5.6. Notices. All demands, notices and communications pursuant
to this Agreement to either party shall be in writing, personally delivered, or
sent by telecopier, overnight mail or mailed by certified mail, return receipt
requested, and shall be deemed to have been duly given upon receipt at the
address set forth in Exhibit A attached hereto or at such other address as may
be designated by it by notice to the other party.

         SECTION 5.7. Representations to Seller. The respective agreements,
representations, warranties and other statements by Seller and Purchaser set
forth in or made pursuant to this Agreement shall remain in full force and
effect and will survive the Closing Date.

         SECTION 5.8. Governing Law. THIS AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, 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.

         SECTION 5.9. Counterparts. This Agreement may be executed in two or
more counterparts and by different parties on separate counterparts, each of
which shall be an original, but all of which together shall constitute one and
the same instrument.

                            [SIGNATURE PAGES FOLLOW]


                                       12
<PAGE>

         IN WITNESS WHEREOF, the parties hereby have caused this Purchase
Agreement to be executed by their respective officers thereunto duly authorized
as of the date and year first above written.


                                        [ORIGINATOR]


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



                                        VOLKSWAGEN PUBLIC AUTO LOAN
                                        SECURITIZATION, LLC


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



<PAGE>


                                                                       EXHIBIT A

                               ADDRESS FOR NOTICES

[ORIGINATOR]
Address for Notice:
[                ]
 ----------------


VOLKSWAGEN PUBLIC AUTO LOAN SECURITIZATION, LLC

Address for Notice:

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