<PAGE>

                                                                     EXHIBIT 4.3

                            ASSUMPTION AGREEMENT AND
                                 FIRST AMENDMENT
                                       TO
                               TRANSFER AGREEMENT


         This ASSUMPTION AGREEMENT AND FIRST AMENDMENT TO TRANSFER AGREEMENT
("Agreement"), dated as of January 31, 2001, is entered into among Green Tree
Lease Finance II, Inc., a Minnesota corporation ("Purchaser"), Conseco Finance
Vendor Services Corporation, a Delaware corporation formerly known as Green Tree
Vendor Services Corporation ("Vendor Services" or "Servicer"), WFFLI Lease
Finance II, LLC, a Delaware limited liability company ("Successor Purchaser"),
and Wells Fargo Financial Leasing, Inc., an Iowa corporation ("Successor
Servicer").

         WHEREAS, Purchaser and Servicer are parties to a Transfer Agreement
dated as of December 1, 1998 (the "Transfer Agreement").

         WHEREAS, pursuant to an Asset Purchase Agreement dated as of December
8, 2000 by and among Successor Servicer, Conseco, Inc., Conseco Finance Corp.,
Servicer, Purchaser, Green Tree Lease Finance 1998-1, LLC and Conseco Finance
Lease 2000-1, LLC (the "Purchase Agreement"), Successor Servicer has agreed to
purchase substantially all of the assets of Servicer and assume all of the
obligations of Servicer, both in its individual capacity and in its capacity as
Servicer, under the Transfer Agreement and to cause Successor Purchaser, a
limited liability company of which Successor Servicer is the sole member, to
purchase substantially all of the assets of Purchaser and to assume all of the
obligations of Purchaser under the Transfer Agreement.

         WHEREAS, pursuant to the terms of the Transfer Agreement, neither
Purchaser nor Servicer shall permit any other Person to become the successor to
its respective business unless certain conditions set forth in the Transfer
Agreement are satisfied.

         WHEREAS, Purchaser and Servicer have furnished LLC and Trustee (i) an
Officer's Certificate and Opinion of Counsel each stating that the succession of
Successor Purchaser and Successor Servicer and the agreements of assumption
contained herein comply with Section 6.2 of the Transfer Agreement and all
conditions precedent in the Transfer Agreement relating to such successions have
been complied with; and (ii) an Opinion of Counsel stating that all financing
statements and continuation statements and amendments have been executed and
filed that are necessary to preserve and protect the interest of the LLC in the
Trust Assets.

         WHEREAS, Purchaser and Servicer desire to amend certain provisions of
the Transfer Agreement simultaneously with Successor Servicer and Successor
Purchaser entering into such agreements of assumption.

         WHEREAS, pursuant to Section 6.5 of the Transfer Agreement, Servicer
and Purchaser may amend the Transfer Agreement, without the consent of the LLC,
the Trustee or the Noteholders, (i) to cure any ambiguity; (ii) to correct or
supplement any provisions in the
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Transfer Agreement that may be inconsistent with any other provision therein; or
(iii) to make any other provisions with respect to matters or questions arising
under the Transfer Agreement that are not inconsistent with the provisions
thereof; provided, however, that such action shall not, as evidenced by an
Opinion of Counsel delivered to the LLC and the Trustee, adversely affect in any
material respect the interests of the Noteholders.

         WHEREAS, an Opinion of Counsel has been delivered to the LLC and the
Trustee stating that the amendments to the Transfer Agreement contained herein
shall not adversely affect in any material respect the interests of the
Noteholders.

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


                                    ARTICLE I
                                    ---------

                         AMENDMENT TO TRANSFER AGREEMENT
                         -------------------------------

         Section 1.1. Organizational Representations. Throughout the Transfer
Agreement, all references to a "corporation" shall be deemed to include a
limited liability company; all references to "corporate action" shall be deemed
to include the actions of a limited liability company; all references to
"incorporated" shall be deemed to include being organized as a limited liability
company; all references to "articles of incorporation" and "bylaws" shall be
deemed to include the equivalent organizational documents of a limited liability
company; all references to "stockholder" or "stockholders" shall be deemed to
include a member or members of a limited liability company; and any such other
changes shall be deemed to have been made as are necessary to allow a limited
liability company to act as a successor Servicer or successor Purchaser under
the Transfer Agreement to the same extent as it would be able to so act if it
were organized as a corporation.


                                   ARTICLE II
                                   ----------

                              ASSUMPTION AGREEMENT
                              --------------------

         Section 2.1. Assumption of Successor Purchaser. Purchaser hereby
grants, assigns, transfers and conveys to Successor Purchaser its entire right,
title and interest in, to and under the Transfer Agreement. Successor Purchaser
hereby accepts the foregoing assignment and hereby assumes and agrees to perform
all of the obligations of the Purchaser under the Transfer Agreement. Successor
Purchaser further agrees to indemnify, defend and hold harmless Purchaser
against and from any loss, liability or expense arising from Successor
Purchaser's failure to perform such obligations on and after the date hereof.

                                       -2-
<PAGE>

         Section 2.2. Assumption of Successor Servicer. Vendor Services, both in
its individual capacity and in its capacity as Servicer, hereby grants, assigns,
transfers and conveys to Successor Servicer its entire right, title and interest
in, to and under the Transfer Agreement. Successor Servicer hereby accepts the
foregoing assignment and hereby assumes and agrees to perform all of the
obligations of Vendor Services, both in its individual capacity and in its
capacity as Servicer, under the Transfer Agreement. Successor Servicer further
agrees to indemnify, defend and hold harmless Vendor Services against and from
any loss, liability or expense arising from Successor Servicer's failure to
perform such obligations on and after the date hereof.

         Section 2.3. Notices. All demands, notices and communications to
Successor Purchaser or Successor Servicer shall be made in accordance with
Section 6.6 of the Transfer Agreement and delivered to the following addresses:

                  (a) in the case of Successor Purchaser to 206 Eighth Street,
         Des Moines, IA 50309 or such other address as shall be designated by
         Successor Purchaser in a written notice delivered to the other parties
         and to the LLC and the Trustee;

                  (b) in the case of Successor Servicer to 206 Eighth Street,
         Des Moines, IA 50309 or such other address as shall be designated by
         Successor Servicer in a written notice delivered to the other parties
         and to the LLC and the Trustee.

         Successor Purchaser and Successor Servicer hereby agree to provide
written notice of the foregoing addresses to the Trustee, the Successor Trustee,
the Issuer and the Successor Issuer.


                                   ARTICLE III
                                   -----------

                                  MISCELLANEOUS
                                  -------------

         Section 3.1. Defined Terms. Defined terms used herein and not otherwise
defined herein shall have the meanings assigned to them in the Transfer
Agreement or, if not defined therein, in the Contribution and Servicing
Agreement or the Indenture.

         Section 3.2. Ratification of Transfer Agreement. Except as expressly
amended by this Agreement, the Transfer Agreement is in all respects ratified
and confirmed and all the terms, conditions and provisions thereof shall remain
in full force and effect.

         Section 3.3. Entire Agreement. This Agreement (including the other
documents referred to herein) contains the entire understanding between the
parties hereto with respect to the subject matter hereof and supersedes any
prior understandings, agreements or representations, written or oral, relating
to the subject matter hereof.

         Section 3.4. Counterparts. This Agreement may be executed in separate
counterparts, each of which will be an original and all of which taken together
shall constitute one and the same agreement, and any party hereto may execute
this Agreement by signing any such counterpart.

                                      -3-
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         Section 3.5. Severability. Whenever possible, each provision of this
Agreement shall be interpreted in such a manner as to be effective and valid
under applicable law but if any provision of this Agreement is held to be
invalid, illegal or unenforceable under any applicable law or rule, the
validity, legality and enforceability of the other provision of this Agreement
will not be affected or impaired thereby.

         Section 3.6. Modification, Amendment, Waiver or Termination. No
provision of this Agreement may be modified, amended, waived or terminated
except by an instrument in writing signed by the parties to this Agreement. No
course of dealing between the parties will modify, amend, waive or terminate any
provision of this Agreement or any rights or obligations of any party under or
by reason of this Agreement.

         Section 3.7. Headings. The headings and any table of contents contained
in this Agreement are for reference purposes only and shall not in any way
affect the meaning or interpretation of this Agreement.

         Section 3.8. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF MINNESOTA WITHOUT REGARD
TO THE PRINCIPLES OF CONFLICTS OF LAWS THEREOF AND THE OBLIGATIONS, RIGHTS AND
REMEDIES OF THE PARTIES UNDER THIS AGREEMENT SHALL BE DETERMINED IN ACCORDANCE
WITH SUCH LAWS.

         Section 3.9. Further Assurances. Each party agrees that at any time,
and from time to time, it will do all such things and execute and deliver all
such instruments, assignments, releases, financing statements, continuation
statements, other documents and assurances as any other party reasonably deems
necessary or desirable to carry out the intent, purpose and conditions of this
Agreement and the transactions contemplated hereby.

                                      -4-
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                  IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be duly executed, all as of the first day and year first written
above.



                                     GREEN TREE LEASE FINANCE II, INC.



                                     By: /s/ Brian F. Corey
                                         ---------------------------------------
                                     Name: Brian F. Corey
                                     Title: Senior Vice President and Secretary



                                     CONSECO FINANCE VENDOR SERVICES CORPORATION



                                     By: /s/ Brian F. Corey
                                         ---------------------------------------
                                     Name: Brian F. Corey
                                     Title: Senior Vice President and Secretary



                                     WFFLI LEASE FINANCE II, LLC



                                     By: /s/ Steve R. Wagner
                                         ---------------------------------------
                                     Name: Steve R. Wagner
                                     Title: President



                                     WELLS FARGO FINANCIAL LEASING, INC.


                                     By: /s/ Steve R. Wagner
                                         ---------------------------------------
                                     Name: Steve R. Wagner
                                     Title: President

                                      -5-