<PAGE>

                                                                    EXHIBIT 10.6

                                                                  EXECUTION COPY

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                            ADMINISTRATION AGREEMENT

                                      among

                        WFS FINANCIAL 2002-1 OWNER TRUST,
                                   as Issuer,

                               WFS FINANCIAL INC,
                                as Administrator,

                          WFS RECEIVABLES CORPORATION,
                                   as Seller,

                                       and

                             BANKERS TRUST COMPANY,
                              as Indenture Trustee

                            Dated as of March 1, 2002



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<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                               Page
                                                                                               ----

<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........................................................................     9

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.................    12

SECTION 19.  Third-Party Beneficiary........................................................    12

SECTION 20.  Capitalized Terms..............................................................    12



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


                                       i
<PAGE>

       This ADMINISTRATION AGREEMENT, dated as of March 1, 2002, is among WFS
FINANCIAL 2002-1 OWNER TRUST (the "Issuer"), WFS FINANCIAL INC ("WFS" or, in its
capacity as administrator, the "Administrator"), WFS RECEIVABLES CORPORATION, as
seller (the "Seller"), and BANKERS TRUST COMPANY, 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 2.04% Auto Receivable Backed Notes, Class
A-1, 3.04% Auto Receivable Backed Notes, Class A-2, 4.15% Auto Receivable Backed
Notes, Class A-3A, Floating Rate Auto Receivable Backed Notes, Class A-3B, 4.87%
Auto Receivable Backed Notes, Class A-4A, Floating Rate Auto Receivable Backed
Notes, Class A-4B (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 March 19, 2002 (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


<PAGE>

       or the Owner Trustee under the Indenture and the Depository Agreement.
       The 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(c));

                     (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


                                       2
<PAGE>

              and each other instrument and agreement included in the Trust
              Estate (Section 3.04);

                     (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 and the
              Insurer 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, the Insurer
              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, the Insurer 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
              Controlling Party 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);


                                       3
<PAGE>

                     (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);

                     (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));


                                       4
<PAGE>

                     (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);

                     (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); and

                     (HH) 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.


                                       5
<PAGE>

              (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 December 31,
       2002, 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.

              (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


                                       6
<PAGE>

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


                                       7
<PAGE>

       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 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);


                                       8
<PAGE>

              (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.

       SECTION 10. Notices. Any notice, report or other communication given
hereunder shall be in writing and addressed as follows:


                                       9
<PAGE>

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

              WFS Financial 2002-1 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:

              Bankers Trust Company
              Four Albany Street - 10th Floor
              New York, New York  10006
              Attention: Corporate Trust Department - Asset Backed Group

       (d)    if to the Insurer, to:

              Financial Security Assurance Inc.
              350 Park Avenue
              New York, New York  10022
              Attention: Transaction Oversight Department

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 Insurer and 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


                                       10
<PAGE>

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
Insurer and the holders of all outstanding Notes and Certificates.
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, the Insurer 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 Insurer, the Owner Trustee and the Indenture
Trustee an agreement, in form and substance reasonably satisfactory to the Owner
Trustee, the Indenture Trustee and the Insurer, 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.


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<PAGE>

       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 Chase Manhattan Bank USA, National
Association not in its individual capacity but solely in its capacity as Owner
Trustee of the Issuer and in no event shall Chase Manhattan Bank USA, National
Association 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 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 Bankers Trust Company not in its individual
capacity but solely as Indenture Trustee and in no event shall Bankers Trust
Company 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 2002-1 OWNER TRUST

                                   By: CHASE MANHATTAN BANK USA, NATIONAL
                                       ASSOCIATION,
                                       not in its individual capacity but solely
                                       as Owner Trustee



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

                                   WFS FINANCIAL INC,
                                       as Administrator



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

                                   WFS RECEIVABLES CORPORATION,
                                       as Seller



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

                                   BANKERS TRUST COMPANY, not in its individual
                                    capacity but solely as Indenture Trustee



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


                                       13
<PAGE>

                                                                       EXHIBIT A

                           [FORM OF POWER OF ATTORNEY]


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