Document:

Exhibit 4.2

                                                                EXECUTION COPY
==============================================================================

                     AMENDED AND RESTATED TRUST AGREEMENT

                                    between

                    NATIONAL CITY VEHICLE RECEIVABLES INC.,
                                 as Depositor,

                                      and

                           WILMINGTON TRUST COMPANY,
                               as Owner Trustee

                           Dated as of March 1, 2002
==============================================================================

<PAGE>

                               TABLE OF CONTENTS

                                   ARTICLE I
                                  DEFINITIONS
<TABLE>
<CAPTION>

<S>     <C>                                                                         <C>
Section 1.01.  Capitalized Terms.....................................................1
Section 1.02.  Other Definitional Provisions.........................................3

                                  ARTICLE II
                                 ORGANIZATION

Section 2.01.  Name .................................................................4
Section 2.02.  Office ...............................................................4
Section 2.03.  Purposes and Powers...................................................4
Section 2.04.  Appointment of Owner Trustee..........................................5
Section 2.05.  Initial Capital Contribution of Trust Estate..........................5
Section 2.06.  Declaration of Trust..................................................5
Section 2.07.  [Reserved]............................................................6
Section 2.08.  Title to Trust Property...............................................6
Section 2.09.  Situs of Trust........................................................6
Section 2.10.  Representations, Warranties and Covenants of the Depositor............6
Section 2.11.  Federal Income Tax Allocations........................................7

                                  ARTICLE III
                 TRUST CERTIFICATES AND TRANSFER OF INTERESTS

Section 3.01.  Initial Ownership.....................................................8
Section 3.02.  The Trust Certificates................................................8
Section 3.03.  Execution, Authentication and Delivery of Trust Certificates..........8
Section 3.04.  Registration of Transfer and Exchange of Trust Certificates...........8
Section 3.05.  Mutilated, Destroyed, Lost or Stolen Trust Certificates..............10
Section 3.06.  Persons Deemed Owners................................................11
Section 3.07.  Access to List of Certificateholders' Names and Addresses............11
Section 3.08.  Maintenance of Office or Agency......................................11
Section 3.09.  Appointment of Paying Agent..........................................11
Section 3.10.  Definitive Trust Certificates........................................12

                                  ARTICLE IV
                           ACTIONS BY OWNER TRUSTEE

Section 4.01.  Prior Notice with Respect to Certain Matters.........................12
Section 4.02.  Action by Certificateholders with Respect to Certain Matters.........14
Section 4.03.  Action by Certificateholders with Respect to Bankruptcy..............14
Section 4.04.  Restrictions on Certificateholders' Power............................15
Section 4.05.  Majority Control.....................................................15

                                   ARTICLE V
                  APPLICATION OF TRUST FUNDS; CERTAIN DUTIES

Section 5.01.  Establishment of Trust Account.......................................15
Section 5.02.  Application of Trust Funds...........................................15

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Section 5.03.  Method of Payment....................................................16
Section 5.04.  [Reserved]...........................................................16
Section 5.05.  Accounting and Reports to Certificateholders, the Internal
               Revenue Service and Others...........................................16
Section 5.06.  Signature on Returns; Tax Matters Partner............................17

                                  ARTICLE VI
                     AUTHORITY AND DUTIES OF OWNER TRUSTEE

Section 6.01.  General Authority....................................................17
Section 6.02.  General Duties.......................................................17
Section 6.03.  Action upon Instruction..............................................18
Section 6.04.  No Duties Except as Specified in this Agreement
               or in Instructions...................................................19
Section 6.05.  No Action Except Under Specified Documents or Instructions...........19
Section 6.06.  Restrictions.........................................................19

                                  ARTICLE VII
                         CONCERNING THE OWNER TRUSTEE

Section 7.01.  Acceptance of Trusts and Duties......................................19
Section 7.02.  Furnishing of Documents..............................................20
Section 7.03.  Representations and Warranties.......................................21
Section 7.04.  Reliance; Advice of Counsel..........................................21
Section 7.05.  Not Acting in Individual Capacity....................................22
Section 7.06.  Owner Trustee Not Liable for Trust Certificates or for Receivables...22
Section 7.07.  Owner Trustee May Own Trust Certificates and Notes...................22
Section 7.08.  Doing Business in Other Jurisdictions................................22
Section 7.09.  Paying Agent; Authenticating Agent...................................23

                                 ARTICLE VIII
                         COMPENSATION OF OWNER TRUSTEE

Section 8.01.  Owner Trustee's Fees and Expenses....................................23
Section 8.02.  Indemnification......................................................23
Section 8.03.  Payments to the Owner Trustee........................................24

                                  ARTICLE IX
                        TERMINATION OF TRUST AGREEMENT

Section 9.01.  Termination of Trust Agreement.......................................24

                                   ARTICLE X
            SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES

Section 10.01.  Eligibility Requirements for Owner Trustee..........................25
Section 10.02.  Resignation or Removal of Owner Trustee.............................25
Section 10.03.  Successor Owner Trustee.............................................26
Section 10.04.  Merger or Consolidation of Owner Trustee............................27
Section 10.05.  Appointment of Co-Trustee or Separate Trustee.......................27

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                                  ARTICLE XI
                                 MISCELLANEOUS

Section 11.01.  Supplements and Amendments..........................................28
Section 11.02.  No Legal Title to Trust Estate in Certificateholders................29
Section 11.03.  Limitations on Rights of Others.....................................29
Section 11.04.  Notices.............................................................29
Section 11.05.  Severability........................................................30
Section 11.06.  Separate Counterparts...............................................30
Section 11.07.  Successors and Assigns..............................................30
Section 11.08.  Covenants of the Depositor..........................................30
Section 11.09.  No Petition.........................................................30
Section 11.10.  No Recourse.........................................................30
Section 11.11.  Headings............................................................31
Section 11.12.  GOVERNING LAW.......................................................31
Section 11.13.  Trust Certificate Transfer Restrictions.............................31

Exhibit A         Form of Trust Certificate........................................A-1
Exhibit B         Form of Certificate of Trust.....................................B-1

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<PAGE>

         This AMENDED AND RESTATED TRUST AGREEMENT, dated as of March 1, 2002,
is between NATIONAL CITY VEHICLE RECEIVABLES INC., a Delaware corporation, as
depositor (the "Depositor"), and WILMINGTON TRUST COMPANY, a Delaware banking
corporation, as owner trustee (the "Owner Trustee").

         WHEREAS, the Owner Trustee and the Depositor entered into a Trust
Agreement dated as of March 11, 2002 (the "Original Trust Agreement"); and

         WHEREAS, the Original Trust Agreement is being amended and restated
as of March 1, 2002;

         NOW, THEREFORE, the Depositor and the Owner Trustee hereby agree as
follows:

                                   ARTICLE I

                                  DEFINITIONS

         Section 1.01. Capitalized Terms. For all purposes of this Agreement,
the following terms shall have the meanings set forth below:

         "Administration Agreement" shall mean the Owner Trust Administration
Agreement dated as of March 1, 2002, among National City Auto Receivables
Trust 2002-A, as the Trust, National City Bank, as Owner Trust Administrator,
and The Bank of New York, as Indenture Trustee.

         "Agreement" shall mean this Amended and Restated Trust Agreement, as
the same may be amended and supplemented from time to time.

         "Benefit Plan" shall have the meaning assigned to such term in
Section 11.13.

         "Business Trust Statute" shall mean Chapter 38 of Title 12 of the
Delaware Code, 12 Del. Code ss. 3801 et seq., as the same may be amended from
time to time.

         "Certificate Distribution Account" shall have the meaning assigned to
such term in Section 5.01.

         "Certificate of Trust" shall mean the Certificate of Trust
substantially in the form of Exhibit B filed for the Trust pursuant to Section
3810(a) of the Business Trust Statute.

         "Certificate Register" and "Certificate Registrar" shall mean the
register mentioned in and the registrar appointed pursuant to Section 3.04.

         "Class A-1 Notes" shall mean the 2.04% Asset Backed Notes, Class A-1,
issued pursuant to the Indenture.

         "Class A-2 Notes" shall mean the 3.00% Asset Backed Notes, Class A-2,
issued pursuant to the Indenture.

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         "Class A-3 Notes" shall mean the 4.04% Asset Backed Notes, Class A-3,
issued pursuant to the Indenture.

         "Class A-4 Notes" shall mean the 4.83% Asset Backed Notes, Class A-4,
issued pursuant to the Indenture.

         "Class B Notes" shall mean the 3.62% Asset Backed Notes, Class B,
issued pursuant to the Indenture.

         "Class C Notes" shall mean the 4.52% Asset Backed Notes, Class C,
issued pursuant to the Indenture.

         "Code" shall mean the Internal Revenue Code of 1986, as amended, and
the Treasury Regulations promulgated thereunder.

         "Corporate Trust Office" shall mean, with respect to the Owner
Trustee, the principal corporate trust office of the Owner Trustee located at
Rodney Square North, 1100 North Market Street, Wilmington, Delaware
19890-0001, Attention: Corporate Trust Administration, or at such other
address in the State of Delaware as the Owner Trustee may designate by notice
to the Certificateholders and the Depositor, or the principal corporate trust
office of any successor Owner Trustee at the address (which shall be in the
State of Delaware) designated by such successor Owner Trustee by notice to the
Certificateholders and the Depositor.

         "Depositor" shall mean National City Vehicle Receivables Inc., and
its successors, in its capacity as depositor hereunder.

         "ERISA" shall mean the Employee Retirement Income Security Act of
1974, as amended.

         "Expenses" shall have the meaning assigned to such term in Section
8.02.

         "Indemnified Parties" shall have the meaning assigned to such term in
Section 8.02.

         "Indenture" shall mean the Indenture, dated as of March 1, 2002
between the Trust and The Bank of New York, as Indenture Trustee.

         "National City Bank" means National City Bank, a national banking
association, and its successors.

         "Notes" shall mean the Class A-1 Notes, the Class A-2 Notes, the
Class A-3 Notes, the Class A-4 Notes, the Class B Notes and the Class C Notes.

         "Owner Trustee" shall mean Wilmington Trust Company, a Delaware
banking corporation, not in its individual capacity but solely as owner
trustee under this Agreement, and any successor Owner Trustee hereunder.

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         "Paying Agent" shall mean any paying agent or co-paying agent
appointed pursuant to Section 3.09 and shall initially be The Bank of New
York.

         "Percentage Interest" means, as to any Certificate, the percentage
interest, specified on the face thereof, in the distributions on the
Certificates pursuant to this Agreement.

         "Person" shall mean any individual, corporation, estate, partnership,
limited liability company, joint venture, association, joint stock company,
trust or business trust (including any beneficiary thereof), unincorporated
organization or government or any agency or political subdivision thereof.

         "Record Date" shall mean, with respect to any Payment Date, the last
day of the month preceding such Payment Date.

         "Sale and Servicing Agreement" shall mean the Sale and Servicing
Agreement dated as of March 1, 2002, among the Trust, as issuer, the
Depositor, National City Bank, as seller, servicer, custodian and
administrator, and The Bank of New York, as indenture trustee, as the same may
be amended or supplemented from time to time.

         "Secretary of State" shall mean the Secretary of State of the State
of Delaware.

         "Treasury Regulations" shall mean regulations, including proposed or
temporary Regulations, promulgated under the Code. References herein to
specific provisions of proposed or temporary regulations shall include
analogous provisions of final Treasury Regulations or other successor Treasury
Regulations.

         "Trust" shall mean National City Auto Receivables Trust 2002-A, the
Delaware business trust created by the Original Trust Agreement and the filing
of the Certificate of Trust with the Secretary of State and continued hereby.

         "Trust Certificate" shall mean a certificate evidencing the
beneficial interest of a Certificateholder in the Trust, substantially in the
form attached hereto as Exhibit A.

         "Trust Estate" shall mean all right, title and interest of the Trust
in and to the property and rights assigned to the Trust pursuant to Article II
of the Sale and Servicing Agreement, all funds on deposit from time to time in
the Trust Accounts and the Certificate Distribution Account, and all other
property of the Trust from time to time, including any rights of the Owner
Trustee and the Trust pursuant to the Sale and Servicing Agreement and the
Administration Agreement.

         Section 1.02.  Other Definitional Provisions.

               (a) Capitalized terms used and not otherwise defined herein
have the meanings assigned to them in the Sale and Servicing Agreement or, if
not defined therein, in the Indenture.

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<PAGE>

               (b) All terms defined in this Agreement shall have the defined
meanings when used in any certificate or other document made or delivered
pursuant hereto unless otherwise defined therein.

               (c) As used in this Agreement and in any certificate or other
document made or delivered pursuant hereto or thereto, accounting terms not
defined in this Agreement or in any such certificate or other document, and
accounting terms partly defined in this Agreement or in any such certificate
or other document to the extent not defined, shall have the respective
meanings given to them under generally accepted accounting principles. To the
extent that the definitions of accounting terms in this Agreement or in any
such certificate or other document are inconsistent with the meanings of such
terms under generally accepted accounting principles, the definitions
contained in this Agreement or in any such certificate or other document shall
control.

               (d) The words "hereof," "herein," "hereunder" and words of
similar import when used in this Agreement shall refer to this Agreement as a
whole and not to any particular provision of this Agreement; Section and
Exhibit references contained in this Agreement are references to Sections and
Exhibits in or to this Agreement unless otherwise specified; "or" includes
"and/or"; and the term "including" shall mean "including without limitation".

               (e) The definitions contained in this Agreement are applicable
to the singular and plural forms of such terms and to the masculine, feminine
and neuter genders of such terms.

               (f) Any agreement, instrument or statute defined or referred to
herein or in any instrument or certificate delivered in connection herewith
means such agreement, instrument or statute as from time to time amended,
modified or supplemented and includes (in the case of agreements or
instruments) references to all attachments thereto and instruments
incorporated therein; references to a Person are also to its permitted
successors and assigns.

                                  ARTICLE II

                                 ORGANIZATION

         Section 2.01. Name. The Trust heretofore created and continued hereby
is known as "National City Auto Receivables Trust 2002-A," in which name the
Owner Trustee may conduct the business of the Trust, make and execute
contracts and other instruments on behalf of the Trust and sue and be sued.

         Section 2.02. Office. The office of the Trust shall be in care of the
Owner Trustee at the Corporate Trust Office or at such other address in
Delaware as the Owner Trustee may designate by written notice to the
Certificateholders and the Depositor.

         Section 2.03. Purposes and Powers. The purpose of the Trust is to
engage in the following activities and the Trust shall have the power and
authority:

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<PAGE>
                   (a) to issue the Notes pursuant to the Indenture and the
         Trust Certificates pursuant to this Agreement and to sell the Notes
         and the Trust Certificates, in each case in accordance with the Basic
         Documents;

                   (b) with the proceeds of the sale of the Notes and the
         Trust Certificates, to purchase the Receivables, to fund the Reserve
         Account, to pay the organizational, start-up and transactional
         expenses of the Trust and to pay the balance of such proceeds to the
         Depositor pursuant to the Sale and Servicing Agreement;

                   (c) to assign, grant, transfer, pledge, mortgage and convey
         the Trust Estate pursuant to the Indenture and to hold, manage and
         distribute to the Certificateholders pursuant to the terms of the
         Sale and Servicing Agreement any portion of the Trust Estate released
         from the Lien of, and remitted to the Trust pursuant to, the
         Indenture;

                   (d) to enter into and perform its obligations under the
         Basic Documents to which it is to be a party;

                   (e) to engage in those activities, including entering into
         agreements, that are necessary, suitable or convenient to accomplish
         the foregoing or are incidental thereto or connected therewith; and

                   (f) subject to compliance with the Basic Documents, to
         engage in such other activities as may be required in connection with
         conservation of the Trust Estate and the making of distributions to
         the Certificateholders and the Noteholders.

         The Trust is hereby authorized to engage in the foregoing activities.
The Trust shall not engage in any activity other than in connection with the
foregoing or other than as required or authorized by the terms of this
Agreement or the Basic Documents.

         Section 2.04. Appointment of Owner Trustee. The Depositor hereby
appoints the Owner Trustee as trustee of the Trust effective as of the date
hereof, to have all the rights, powers and duties set forth herein.

         Section 2.05. Initial Capital Contribution of Trust Estate. The
Depositor hereby sells, assigns, transfers, conveys and sets over to the Owner
Trustee, as of the date hereof, the sum of $1. The Owner Trustee hereby
acknowledges receipt in trust from the Depositor, as of the date hereof, of
the foregoing contribution, which shall constitute the initial Trust Estate
and shall be deposited in the Certificate Distribution Account. The Depositor
shall pay organizational expenses of the Trust as they may arise or shall,
upon the request of the Owner Trustee, promptly reimburse the Owner Trustee
for any such expenses paid by the Owner Trustee.

         Section 2.06. Declaration of Trust. The Owner Trustee hereby declares
that it will hold the Trust Estate in trust upon and subject to the conditions
set forth herein for the use and benefit of the Certificateholders, subject to
the obligations of the Trust under the Basic Documents. It is the intention of
the parties hereto that the Trust constitute a business trust under the
Business Trust Statute and that this Agreement constitute the governing
instrument of such business trust.

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<PAGE>

It is the intention of the parties hereto that, solely for income and
franchise tax purposes : (1) if there is one beneficial owner in respect of
the Trust Certificates, the Trust shall be treated as a disregarded entity,
and (2) if there is more than one beneficial owner in respect of the Trust
Certificates, the Trust shall be treated as a partnership for income and
franchise tax purposes, with the assets of the partnership being the
Receivables and other assets held by the Trust, the partners of the
partnership being the Certificateholders, and the Notes being debt of the
partnership. The parties agree that, unless otherwise required by appropriate
tax authorities, the Trust and to the extent applicable, the
Certificateholders will file or cause to be filed annual or other necessary
returns, reports and other forms consistent with the characterization of the
Trust provided in the preceding sentence for such tax purposes and will not
take any position contrary to this characterization in any federal or state
tax filings. Effective as of the date hereof, the Owner Trustee shall have all
rights, powers and duties set forth herein and in the Business Trust Statute
with respect to accomplishing the purposes of the Trust.

         Section 2.07.  [Reserved].

         Section 2.08. Title to Trust Property. Subject to the Indenture,
legal title to all the Trust Estate shall be vested at all times in the Trust
as a separate legal entity except where applicable law in any jurisdiction
requires title to any part of the Trust Estate to be vested in a trustee or
trustees, in which case title shall be deemed to be vested in the Owner
Trustee, a co-trustee or a separate trustee, as the case may be.

         Section 2.09. Situs of Trust. The Trust will be located in the State
of Delaware and administered in the State of Delaware or the State of New
York. All bank accounts maintained by the Owner Trustee on behalf of the Trust
shall be located in the State of Delaware or the State of New York. The Trust
shall not have any employees; provided, however, that nothing herein shall
restrict or prohibit the Owner Trustee from having employees within or without
the State of Delaware. Payments will be received by the Trust only in Delaware
or New York, and payments will be made by the Trust only from Delaware or New
York. The only office of the Trust will be at the Corporate Trust Office in
the State of Delaware.

         Section 2.10. Representations, Warranties and Covenants of the
Depositor. The Depositor hereby represents and warrants to the Owner Trustee
that:

                   (a) The Depositor is duly organized and validly existing as
         a corporation in good standing under the laws of the State of
         Delaware, with power and authority to own its properties and to
         conduct its business as such properties are currently owned and such
         business is presently conducted.

                   (b) The Depositor is duly qualified to do business as a
         foreign corporation in good standing and has obtained all necessary
         licenses and approvals in all jurisdictions in which the ownership or
         lease of its property or the conduct of its business shall require
         such qualifications.

                   (c) The Depositor has the power and authority to execute
         and deliver this Agreement and to carry out its terms; the Depositor
         has full power and authority to

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<PAGE>

         sell and assign the property to be sold and assigned to and
         deposited with the Trust and the Depositor has duly authorized such
         sale and assignment and deposit to the Trust by all necessary
         corporate action; and the execution, delivery and performance of
         this Agreement have been duly authorized by the Depositor by all
         necessary corporate action.

                   (d) The Depositor has duly executed and delivered this
         Agreement, and this Agreement constitutes a legal, valid and binding
         obligation of the Depositor, enforceable against the Depositor, in
         accordance with its terms.

                   (e) The consummation of the transactions contemplated by
         this Agreement and the fulfillment of the terms hereof do not
         conflict with, result in any breach of any of the terms and
         provisions of, or constitute (with or without notice or lapse of
         time) a default under, the certificate of incorporation or bylaws of
         the Depositor, or any indenture, agreement or other instrument to
         which the Depositor is a party or by which it is bound; nor result in
         the creation or imposition of any Lien upon any of its properties
         pursuant to the terms of any such indenture, agreement or other
         instrument (other than pursuant to the Basic Documents); nor violate
         any law or, to the best of the Depositor's knowledge, any order, rule
         or regulation applicable to the Depositor of any court or of any
         federal or state regulatory body, administrative agency or other
         governmental instrumentality having jurisdiction over the Depositor
         or its properties.

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

                   (g) The representations and warranties of the Depositor in
         Section 3.02 of the Sale and Servicing Agreement are true and
         correct.

         Section 2.11. Federal Income Tax Allocations. If there is more than
one beneficial owner of the Trust Certificates, net income of the Trust for
any month as determined for federal income tax purposes (and each item of
income, gain, loss and deduction entering into the computation thereof) shall
be allocated among the Certificateholders as of the first day following the
Record Date, in proportion to their percentage ownership interest of Trust
Certificates on the Record Date.

         If there is more than one beneficial owner of the Trust Certificates,
net losses of the Trust, if any, for any month as determined for federal
income tax purposes (and each item of income, gain, loss and deduction
entering into the computation thereof) shall be allocated among the
Certificateholders as of the first Record Date following the end of such month
in proportion to their percentage ownership interest of Trust Certificates on
such Record Date. If there is more than one beneficial owner of the Trust
Certificates, the Issuer is authorized to modify the allocations in this
paragraph if necessary or appropriate, in its sole discretion, for the
allocations

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<PAGE>

to fairly reflect the economic income, gain or loss to the Certificateholders,
or as otherwise required by the Code.

                                  ARTICLE III

                 TRUST CERTIFICATES AND TRANSFER OF INTERESTS

         Section 3.01. Initial Ownership. Upon the formation of the Trust by
the execution of the Original Trust Agreement and the filing of the
Certificate of Trust with the Secretary of State and until the issuance of the
Trust Certificates, the Depositor shall be the sole beneficial owner of the
Trust.

         Section 3.02. The Trust Certificates. The Trust Certificates shall be
issued in minimum denominations of a one percent (1%) Percentage Interest in
the Trust. The Trust Certificates shall be executed on behalf of the Trust by
manual or facsimile signature of an authorized officer of the Owner Trustee.
Trust Certificates bearing the manual or facsimile signatures of individuals
who were, at the time when such signatures shall have been affixed, authorized
to sign on behalf of the Trust, shall be validly issued and entitled to the
benefit of this Agreement and shall be valid and binding obligations of the
Trust, notwithstanding that such individuals or any of them shall have ceased
to be so authorized prior to the authentication and delivery of such Trust
Certificates or did not hold such offices at the date of authentication and
delivery of such Trust Certificates.

         A transferee of a Trust Certificate, if any, shall become a
Certificateholder, shall become bound by this Agreement and shall be entitled
to the rights and subject to the obligations of a Certificateholder hereunder
upon such transferee's acceptance of a Trust Certificate duly registered in
such transferee's name pursuant to Section 3.04.

         Section 3.03. Execution, Authentication and Delivery of Trust
Certificates. On the Closing Date, the Owner Trustee shall cause the Trust
Certificates in an aggregate Percentage Interest equal to 100% to be executed
on behalf of the Trust, authenticated and delivered to or upon the written
order of the Depositor, signed by the Owner Trustee on behalf of the Trust,
without further action by the Depositor, in authorized denominations. No Trust
Certificate shall entitle its Holder to any benefit under this Agreement or be
valid for any purpose unless there shall appear on such Trust Certificate a
certificate of authentication substantially in the form set forth in Exhibit
A, executed by the Owner Trustee or The Bank of New York, as the Owner
Trustee's authenticating agent, by manual signature; such authentication shall
constitute conclusive evidence that such Trust Certificate shall have been
duly authenticated and delivered hereunder. All Trust Certificates shall be
dated the date of their authentication.

         When a Trust Certificate is duly executed and issued by the Trust and
duly authenticated in accordance with this Agreement, the Trust Certificate
will be fully paid, validly issued, nonassessable and entitled to the benefits
of this Agreement.

         Section 3.04. Registration of Transfer and Exchange of Trust
Certificates. The Certificate Registrar shall keep or cause to be kept, at the
office or agency maintained pursuant

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<PAGE>

to Section 3.08, a Certificate Register in which, subject to such reasonable
regulations as it may prescribe, the Owner Trustee shall provide for the
registration of Trust Certificates and of transfers and exchanges of Trust
Certificates as herein provided. The Bank of New York shall be the initial
Certificate Registrar.

         The Trust Certificates have not been and will not be registered under
the Securities Act and will not be listed on any exchange. No transfer of a
Trust Certificate shall be made unless such transfer is made pursuant to an
effective registration statement under the Securities Act and any applicable
state securities laws or is exempt from the registration requirements under
said Act and such state securities laws. In the event that a transfer is to be
made in reliance upon an exemption from the Securities Act and state
securities laws, in order to assure compliance with the Securities Act and
such laws, the Holder desiring to effect such transfer and such Holder's
prospective transferee shall each certify to the Owner Trustee or the
Certificate Registrar and the Depositor in writing the facts surrounding the
transfer in substantially the forms set forth in Exhibit C and Exhibit D (the
"Investment Letter"). Except in the case of a transfer as to which the
proposed transferee has provided an Investment Letter with respect to a Rule
144A transaction, there shall also be delivered to the Owner Trustee an
Opinion of Counsel that such transfer may be made pursuant to an exemption
from the Securities Act and state securities laws, which Opinion of Counsel
shall not be an expense of the Trust, the Owner Trustee or the Indenture
Trustee (unless it is the transferee from whom such opinion is to be obtained)
or of the Depositor or the Seller; provided, that such Opinion of Counsel in
respect of the applicable state securities laws may be a memorandum of law
rather than an opinion if such counsel is not licensed in the applicable
jurisdiction. The Owner Trustee shall provide to any Holder of a Trust
Certificate and any prospective transferee designated by any such Holder
information regarding the Trust Certificates and the Receivables and such
other information as shall be necessary to satisfy the condition to
eligibility set forth in Rule 144A(d)(4) for transfer of any such Trust
Certificate without registration thereof under the Securities Act pursuant to
the registration exemption provided by Rule 144A. Each Holder of a Trust
Certificate desiring to effect such a transfer shall, and does hereby agree
to, indemnify the Trust, the Owner Trustee, the Indenture Trustee and the
Depositor against any liability that may result if the transfer is not so
exempt or is not made in accordance with federal and state securities laws.

         No transfer of a Trust Certificate shall be made to any Person unless
the Owner Trustee has received (a) a certificate in the form of paragraph 3 to
the Investment Letter attached hereto as Exhibit D from such Person to the
effect that such Person is not a Benefit Plan, or (b) an Opinion of Counsel
satisfactory to the Owner Trustee and the Depositor to the effect that the
purchase and holding of such Trust Certificate will not constitute or result
in the assets of the Trust being deemed to be "plan assets" subject to the
prohibited transactions provisions of ERISA or Section 4975 of the Code and
will not subject the Owner Trustee, the Indenture Trustee or the Depositor to
any obligation in addition to those undertaken in the Basic Documents;
provided, however, that the Owner Trustee will not require such certificate or
opinion in the event that, as a result of a change of law or otherwise,
counsel satisfactory to the Owner Trustee has rendered an Opinion of Counsel
to the effect that the purchase and holding of a Trust Certificate by a
Benefit Plan or a Person that is purchasing or holding such a Trust
Certificate with the assets of a Benefit Plan will not constitute or result in
a prohibited transaction under ERISA or Section 4975 of the Code.

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<PAGE>

         Upon surrender for registration of transfer of any Trust Certificate
at the office or agency maintained pursuant to Section 3.08, the Owner Trustee
shall execute, authenticate and deliver (or shall cause The Bank of New York
as its authenticating agent to authenticate and deliver), in the name of the
designated transferee or transferees, one or more new Trust Certificates in
authorized denominations of a like aggregate amount dated the date of
authentication by the Owner Trustee or any authenticating agent. At the option
of a Certificateholder, Trust Certificates may be exchanged for other Trust
Certificates of authorized denominations of a like aggregate amount upon
surrender of the Trust Certificates to be exchanged at the office or agency
maintained pursuant to Section 3.08.

         Every Trust Certificate presented or surrendered for registration of
transfer or exchange shall be accompanied by a written instrument of transfer
in form satisfactory to the Owner Trustee and the Certificate Registrar duly
executed by the related Certificateholder or such Certificateholder's attorney
duly authorized in writing. Each Trust Certificate surrendered for
registration of transfer or exchange shall be cancelled and subsequently
disposed of by the Owner Trustee in accordance with its customary practice.

         No service charge shall be made for any registration of transfer or
exchange of Trust Certificates, but the Owner Trustee or the Certificate
Registrar may require payment of a sum sufficient to cover any tax or
governmental charge that may be imposed in connection with any transfer or
exchange of Trust Certificates.

         The preceding provisions of this Section notwithstanding, the Owner
Trustee shall not make, and the Certificate Registrar shall not register
transfers or exchanges of, Trust Certificates for a period of 15 days
preceding the due date for any payment with respect to the Trust Certificates.

         Notwithstanding anything contained herein to the contrary, the Owner
Trustee shall not be responsible for ascertaining whether any transfer
complies with the registration provisions or exemptions from the Securities
Act, the Securities Act of 1934, as amended, applicable state securities law
or the Investment Company Act of 1940, as amended; provided, however, that if
a certificate or opinion is specifically required to be delivered to the Owner
Trustee by a purchaser or transferee of a Trust Certificate, the Owner Trustee
shall be under a duty to examine the same to determine whether it conforms to
the requirements of this Trust Agreement and shall promptly notify the party
delivering the same if such certificate or opinion does not so conform.

         Section 3.05. Mutilated, Destroyed, Lost or Stolen Trust
Certificates. If (a) any mutilated Trust Certificate shall be surrendered to
the Certificate Registrar, or if the Certificate Registrar shall receive
evidence to its satisfaction of the destruction, loss or theft of any Trust
Certificate and (b) there shall be delivered to the Certificate Registrar and
the Owner Trustee such security or indemnity as may be required by them to
save each of them harmless, then in the absence of notice that such Trust
Certificate has been acquired by a bona fide purchaser, the Owner Trustee on
behalf of the Trust shall execute and the Owner Trustee or The Bank of New
York, as the Owner Trustee's authenticating agent, shall authenticate and
deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or
stolen Trust Certificate, a new Trust Certificate of like tenor and
denomination. In connection with the issuance of any new Trust

                                      10
<PAGE>

Certificate under this Section, the Owner Trustee or the Certificate Registrar
may require the payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in connection therewith. Any duplicate
Trust Certificate issued pursuant to this Section shall constitute conclusive
evidence of ownership in the Trust, as if originally issued, whether or not
the lost, stolen or destroyed Trust Certificate shall be found at any time.

         Section 3.06. Persons Deemed Owners. Prior to due presentation of a
Trust Certificate for registration of transfer, the Owner Trustee, the
Certificate Registrar or any Paying Agent may treat the Person in whose name
any Trust Certificate is registered in the Certificate Register as the owner
of such Trust Certificate for the purpose of receiving distributions pursuant
to Section 5.02 and for all other purposes whatsoever, and none of the Owner
Trustee, the Certificate Registrar or any Paying Agent shall be bound by any
notice to the contrary.

         Section 3.07. Access to List of Certificateholders' Names and
Addresses. The Owner Trustee shall furnish or cause to be furnished to the
Servicer, the Paying Agent and the Depositor, within 15 days after receipt by
the Owner Trustee of a written request therefor from the Servicer, the Paying
Agent or the Depositor, a list, in such form as the Servicer or the Depositor
may reasonably require, of the names and addresses of the Certificateholders
as of the most recent Record Date. The Certificate Registrar shall also
furnish to the Owner Trustee and the Paying Agent a copy of such list at any
time there is a change therein. If (i) three or more Certificateholders or
(ii) one or more Holders of Trust Certificates evidencing not less than 25% of
the Percentage Interests in the Certificates apply in writing to the Owner
Trustee, and such application states that the applicants desire to communicate
with other Certificateholders with respect to their rights under this
Agreement or under the Trust Certificates and such application is accompanied
by a copy of the communication that such applicants propose to transmit, then
the Owner Trustee shall, within five Business Days after the receipt of such
application, afford such applicants access during normal business hours to the
current list of Certificateholders. Each Certificateholder, by receiving and
holding a Trust Certificate, shall be deemed to have agreed not to hold any of
the Depositor, the Certificate Registrar or the Owner Trustee accountable by
reason of the disclosure of its name and address, regardless of the source
from which such information was derived. The Certificate Registrar shall upon
the request of the Owner Trustee provide such list, or access to such list, of
Certificateholders as contemplated by this Section 3.07.

         Section 3.08. Maintenance of Office or Agency. The Owner Trustee
shall designate in the Borough of Manhattan, the City of New York, an office
or offices or agency or agencies where Trust Certificates may be surrendered
for registration of transfer or exchange and where notices and demands to or
upon the Owner Trustee in respect of the Trust Certificates and the Basic
Documents may be served. The Owner Trustee initially designates The Bank of
New York as its office for such purposes. The Owner Trustee shall give prompt
written notice to the Depositor and the Certificateholders of any change in
the location of the Certificate Register or any such office or agency.

         Section 3.09. Appointment of Paying Agent. The Paying Agent shall
make distributions to Certificateholders from the Certificate Distribution
Account pursuant to Section 5.02 and shall report the amounts of such
distributions to the Owner Trustee. Any Paying Agent shall have the

                                      11
<PAGE>

revocable power to withdraw funds from the Certificate Distribution Account
for the purpose of making the distributions referred to above. The Owner
Trustee may revoke such power and remove the Paying Agent if the Owner Trustee
determines in its sole discretion that the Paying Agent shall have failed to
perform its obligations under this Agreement in any material respect. The
Paying Agent initially shall be The Bank of New York, and any co-paying agent
chosen by The Bank of New York or the Depositor. The Bank of New York shall be
permitted to resign as Paying Agent upon 30 days' written notice to the Owner
Trustee. In the event that The Bank of New York shall no longer be the Paying
Agent, the Depositor, with the consent of the Owner Trustee, shall appoint a
successor to act as Paying Agent (which shall be a bank or trust company). The
Owner Trustee shall cause such successor Paying Agent or any additional Paying
Agent appointed hereunder to execute and deliver to the Owner Trustee an
instrument in which such successor Paying Agent or additional Paying Agent
shall agree with the Owner Trustee that, as Paying Agent, such successor
Paying Agent or additional Paying Agent will hold all sums, if any, held by it
for payment to the Certificateholders in trust for the benefit of the
Certificateholders entitled thereto until such sums shall be paid to such
Certificateholders. The Paying Agent shall return all unclaimed funds to the
Owner Trustee and upon removal of a Paying Agent such Paying Agent shall also
return all funds in its possession to the Owner Trustee. The provisions of
Sections 7.01, 7.03, 7.04 and 8.01 shall apply to the Owner Trustee also in
its role as Paying Agent, for so long as the Owner Trustee shall act as Paying
Agent and, to the extent applicable, to any other paying agent appointed
hereunder. Any reference in this Agreement to the Paying Agent shall include
any co-paying agent unless the context requires otherwise.

         Section 3.10. Definitive Trust Certificates. The Trust Certificates,
upon original issuance, will be issued in the form of a typewritten Trust
Certificate or Trust Certificates in the form attached hereto as Exhibit A to
be delivered to the related Certificateholders, by, or on behalf of, the
Trust. Such Trust Certificate or Trust Certificates shall be registered on the
Certificate Register in the name of the holder thereof. The Trust Certificates
shall be printed, lithographed or engraved or may be produced in any other
manner as is reasonably acceptable to the Owner Trustee, as evidenced by its
execution thereof.

                                  ARTICLE IV

                           ACTIONS BY OWNER TRUSTEE

         Section 4.01. Prior Notice with Respect to Certain Matters. With
respect to the following matters, the Owner Trustee shall not take action
unless at least 30 days before the taking of such action, the Owner Trustee
shall have notified the Certificateholders of record as of the preceding
Record Date in writing of the proposed action and such Certificateholders
shall not have notified the Owner Trustee in writing prior to the 30th day
after such notice is given that such Certificateholders have withheld consent
or provided alternative direction:

                   (a) the initiation of any claim or lawsuit by the 9 Trust
         (except claims or lawsuits brought in connection with the collection
         of the Receivables) and the

                                      12

<PAGE>

         compromise of any action, claim or lawsuit brought by or against the
         Trust (except with respect to the aforementioned claims or lawsuits
         for collection of the Receivables);

                   (b) the election by the Trust to file an amendment to the
         Certificate of Trust (unless such amendment is required to be filed
         under the Business Trust Statute);

                   (c) the amendment of the Indenture by a supplemental
         indenture or any other change to this Agreement or any Basic Document
         in circumstances where the consent of any Noteholder is required;

                   (d) the amendment of the Indenture by a supplemental
         indenture or any other change to this Agreement or any Basic Document
         in circumstances where the consent of any Noteholder or is not
         required and such amendment would materially adversely affect the
         interests of the Certificateholders;

                   (e) the amendment, change or modification of the
         Administration Agreement, except to cure any ambiguity or to amend or
         supplement any provision in a manner or add any provision that would
         not materially adversely affect the interests of the
         Certificateholders;

                   (f) the appointment pursuant to the Indenture of a
         successor Note Registrar, Paying Agent or Indenture Trustee or
         pursuant to this Agreement of a successor Certificate Registrar, or
         the consent to the assignment by the Note Registrar, Paying Agent or
         Indenture Trustee or Certificate Registrar of its obligations under
         the Indenture or this Agreement, as applicable;

                   (g) the consent to the calling or waiver of any default of
         any Basic Document;

                   (h) the consent to the assignment by the Indenture Trustee
         or Servicer of their respective obligations under any Basic Document,
         unless permitted in the Basic Documents;

                   (i) except as provided in Article IX hereof, dissolve,
         terminate or liquidate the Trust in whole or in part;

                   (j) merge or consolidate the Trust with or into any other
         entity, or convey or transfer all or substantially all of the Trust's
         assets to any other entity;

                   (k) cause the Trust to incur, assume or guaranty any
         indebtedness other than as set forth in this Agreement or the Basic
         Documents;

                   (l) do any act that conflicts with any other Basic
         Document;

                   (m) do any act that would make it impossible to carry on
         the ordinary business of the Trust as described in Section 2.03
         hereof;

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<PAGE>

                   (n) confess a judgment against the Trust;

                   (o) possess Trust assets, or assign the Trust's right to
         property, for other than a Trust purpose;

                   (p) cause the Trust to lend any funds to any entity, unless
         permitted in the Basic Documents; or

                   (q) change the Trust's purpose and powers from those set
         forth in this Trust Agreement.

         In addition, the Trust shall not commingle its assets with those of
any other entity. The Trust shall maintain its financial and accounting books
and records separate from those of any other entity. Except as expressly set
forth herein, the Trust shall not pay the indebtedness, operating expenses and
liabilities of any other entity. The Trust shall maintain appropriate minutes
or other records of all appropriate actions and shall maintain its office
separate from the offices of the Depositor and the Servicer.

         The Owner Trustee shall not have the power, except upon the written
direction of the Certificateholders, and to the extent otherwise consistent
with the Basic Documents and permitted by applicable law, to (i) remove or
replace the Servicer or the Indenture Trustee, (ii) institute proceedings to
have the Trust declared or adjudicated a bankruptcy or insolvent, (iii)
consent to the institution of bankruptcy or insolvency proceedings against the
Trust, (iv) file a petition or consent to a petition seeking reorganization or
relief on behalf of the Trust under any applicable federal or state law
relating to bankruptcy, (v) consent to the appointment of a receiver,
liquidator, assignee, trustee, sequestrator (or any similar official) of the
Trust or a substantial portion of the property of the Trust, (vi) make any
assignment for the benefit of the Trust's creditors, (vii) cause the Trust to
admit in writing its inability to pay its debts generally as they become due,
(viii) take any action, or cause the Trust to take any action, in furtherance
of any of the foregoing (any of the above, a "Bankruptcy Action"). So long as
the Indenture remains in effect, no Certificateholder shall have the power to
take, and shall not take, any Bankruptcy Action with respect to the Trust or
direct the Owner Trust to take any Bankruptcy Action with respect to the
Trust.

         Section 4.02. Action by Certificateholders with Respect to Certain
Matters. The Owner Trustee shall not have the power, except upon the written
direction of the Certificateholders, to (a) remove the Administrator under the
Administration Agreement pursuant to Section 8 thereof, (b) appoint a
successor Administrator pursuant to Section 8 of the Administration Agreement,
(c) remove the Servicer under the Sale and Servicing Agreement pursuant to
Section 8.02 thereof, (d) amend the Sale and Servicing Agreement pursuant to
Section 10.01(b) of such document, or (e) except as expressly provided in the
Basic Documents, sell the Receivables after the termination of the Indenture.
The Owner Trustee shall take the actions referred to in the preceding sentence
only upon written instructions signed by the Certificateholders.

         Section 4.03. Action by Certificateholders with Respect to
Bankruptcy. The Owner Trustee shall not have the power to commence a voluntary
proceeding in bankruptcy relating to

                                      14

<PAGE>

the Trust without the unanimous prior approval of all Certificateholders
and the delivery to the Owner Trustee by each such Certificateholder of a
certification certifying that such Certificateholder reasonably believes
that the Trust is insolvent.

         Section 4.04. Restrictions on Certificateholders' Power. The
Certificateholders shall not direct the Owner Trustee to take or to refrain
from taking any action if such action or inaction would be contrary to any
obligation of the Trust or the Owner Trustee under this Agreement or any of
the Basic Documents or would be contrary to Section 2.03; nor shall the Owner
Trustee be obligated to follow any such direction, if given.

         Section 4.05. Majority Control. Except as expressly provided herein,
any action that may be taken by the Certificateholders under this Agreement
may be taken by the Holders of Trust Certificates evidencing not less than a
majority of the Percentage Interests in the Certificates. Except as expressly
provided herein, any written notice of the Certificateholders delivered
pursuant to this Agreement shall be effective if signed by Holders of Trust
Certificates evidencing not less than a majority of the Percentage Interests
in the Certificates at the time of the delivery of such notice.

                                   ARTICLE V

                  APPLICATION OF TRUST FUNDS; CERTAIN DUTIES

         Section 5.01. Establishment of Trust Account. The Owner Trustee, for
the benefit of the Certificateholders, shall cause the Paying Agent to
establish and maintain in the name of the Trust an Eligible Deposit Account
(the "Certificate Distribution Account"), bearing a designation clearly
indicating that the funds deposited therein are held for the benefit of the
Certificateholders. The title of the Certificate Distribution Account shall be
"National City Auto Receivables Trust 2002-A: Certificate Distribution Account
for the benefit of the Certificateholders."

         The Owner Trustee shall possess all right, title and interest in all
funds on deposit from time to time in the Certificate Distribution Account and
in all proceeds thereof. Except as otherwise expressly provided herein, the
Certificate Distribution Account shall be under the sole dominion and control
of the Owner Trustee for the benefit of the Certificateholders. If, at any
time, the Certificate Distribution Account ceases to be an Eligible Deposit
Account, the Owner Trustee (or the Depositor on behalf of the Owner Trustee,
if the Certificate Distribution Account is not then held by the Owner Trustee
or an affiliate thereof) shall within 10 Business Days (or such longer period,
not to exceed 30 calendar days, as to which each Rating Agency may consent)
cause the Paying Agent to establish a new Certificate Distribution Account as
an Eligible Deposit Account and shall transfer any cash or any investments to
such new Certificate Distribution Account.

         Section 5.02. Application of Trust Funds.

              (a) On each Distribution Date, the Owner Trustee shall cause
the Paying Agent to distribute to Certificateholders amounts deposited in the
Certificate Distribution

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<PAGE>

Account pursuant to Section 5.06 of the Sale and Servicing Agreement with
respect to such Distribution Date.

              (b) On each Distribution Date, the Owner Trustee shall cause
the Paying Agent to send to each Certificateholder the statement or statements
provided to the Owner Trustee by the Servicer pursuant to Section 5.08 of the
Sale and Servicing Agreement with respect to such Distribution Date.

              (c) In the event that any withholding tax is imposed on the
Trust's payment (or allocations of income) to a Certificateholder, such tax
shall reduce the amount otherwise distributable to such Certificateholder in
accordance with this Section. The Owner Trustee and the Paying Agent are
hereby authorized and directed to retain from amounts otherwise distributable
to the Certificateholders sufficient funds for the payment of any tax that is
legally owed by the Trust (but such authorization shall not prevent the Owner
Trustee or the Paying Agent from contesting any such tax in appropriate
proceedings and withholding payment of such tax, if permitted by law, pending
the outcome of such proceedings). The amount of any withholding tax imposed
with respect to a Certificateholder shall be treated as cash distributed to
such Certificateholder at the time it is withheld by the Trust and remitted to
the appropriate taxing authority. If there is a possibility that withholding
tax is payable with respect to a distribution (such as a distribution to a
non-U.S. Certificateholder), the Owner Trustee or the Paying Agent may in its
sole discretion withhold such amounts in accordance with this paragraph.

         Section 5.03. Method of Payment. Subject to Section 9.01(c),
distributions required to be made to Certificateholders on any Distribution
Date shall be made to each Certificateholder of record on the preceding Record
Date either by wire transfer, in immediately available funds, to the account
of such Certificateholder at a bank or other entity having appropriate
facilities therefor, if such Certificateholder shall have provided to the
Certificate Registrar and the Paying Agent appropriate written instructions at
least five Business Days prior to such Distribution Date and such Holder's
Trust Certificates in the aggregate evidence a denomination of not less than a
thirty percent (30%) Percentage Interest, or, if not, by check mailed to such
Certificateholder at the address of such Certificateholder appearing in the
Certificate Register.

         Section 5.04. [Reserved].

         Section 5.05. Accounting and Reports to Certificateholders, the
Internal Revenue Service and Others. The Owner Trustee shall (a) maintain (or
cause to be maintained) the books of the Trust on a calendar year basis and
the accrual method of accounting, (b) deliver (or cause to delivered) to each
Certificateholder, as may be required by the Code and applicable Treasury
Regulations, such information as may be required (including Schedule K-1 if
the Trust is treated as a partnership for federal income tax purposes) to
enable each Certificateholder to prepare its federal and state income tax
returns, (c) file (or cause to be filed) such tax returns relating to the
Trust (including a partnership information return, IRS Form 1065 if the Trust
is treated as a partnership for federal income tax purposes) and make such
elections as from time to time may be required or appropriate under any
applicable state or federal statute or any rule or regulation thereunder so as
to maintain the Trust's characterization, (d) cause such tax returns to be
signed

                                      16

<PAGE>

in the manner required by law and (e) collect or cause to be collected
any withholding tax as described in and in accordance with Section 5.02(c)
with respect to income or distributions to Certificateholders. [The Owner
Trustee shall elect under Section 1278 of the Code to include in income
currently any market discount that accrues with respect to the Receivables.]
The Owner Trustee shall not make the election provided under Section 754 of
the Code.

         Section 5.06. Signature on Returns; Tax Matters Partner.

              (a) The Owner Trustee shall sign on behalf of the Trust the
tax returns of the Trust, if any, unless applicable law requires a
Certificateholder to sign such documents.

              (b) In the event that the Trust is treated as a partnership
for federal income tax purposes, the Depositor shall be designated the initial
"tax matters partner" of the Trust pursuant to Section 6231(a)(7)(A) of the
Code and applicable Treasury Regulations.

                                  ARTICLE VI

                     AUTHORITY AND DUTIES OF OWNER TRUSTEE

         Section 6.01. General Authority. The Owner Trustee is authorized and
directed to execute and deliver the Basic Documents to which the Trust is to
be a party and each certificate or other document attached as an exhibit to or
contemplated by the Basic Documents to which the Trust is to be a party, in
each case, as evidenced conclusively by the Owner Trustee's execution thereof.
In addition to the foregoing, the Owner Trustee is authorized, but shall not
be obligated, to take all actions required of the Trust pursuant to the Basic
Documents. The Owner Trustee is further authorized from time to time to take
such action as the Administrator recommends with respect to the Basic
Documents.

         Section 6.02. General Duties. It shall be the duty of the Owner
Trustee:

              (a) to discharge (or cause to be discharged) all of its
responsibilities pursuant to the terms of this Agreement and the Basic
Documents to which the Trust is a party and to administer the Trust in the
interest of the Certificateholders, subject to the Basic Documents and in
accordance with the provisions of this Agreement; provided, however, that
notwithstanding the foregoing, the Owner Trustee shall be deemed to have
discharged its duties and responsibilities hereunder and under the Basic
Documents to the extent the Administrator has agreed in the Administration
Agreement to perform any act or to discharge any duty of the Owner Trustee
hereunder or under any Basic Document, and the Owner Trustee shall not be held
liable for the default or failure of the Administrator to carry out its
obligations under the Administration Agreement; and

              (b) to cooperate with the Administrator in carrying out the
Administrator's obligation to qualify and preserve the Trust's qualification
to do business in each jurisdiction, if any, in which such qualification is or
shall be necessary to protect the validity and enforceability of the
Indenture, the Notes, the Receivables and any other instrument and agreement
included in

                                      17

<PAGE>

the Trust Estate; provided that the Owner Trustee may rely on advice of counsel
with respect to such obligation.

         Section 6.03. Action upon Instruction.

              (a) Subject to Article IV and in accordance with the terms
of the Basic Documents, the Certificateholders may by written instruction
direct the Owner Trustee in the management of the Trust. Such direction may be
exercised at any time by written instruction of the Certificateholders
pursuant to Article IV.

              (b) The Owner Trustee shall not be required to take any
action hereunder or under any Basic Document if the Owner Trustee shall have
reasonably determined, or shall have been advised by counsel, that such action
is likely to result in liability on the part of the Owner Trustee or is
contrary to the terms hereof or of any Basic Document or is otherwise contrary
to law.

              (c) Whenever the Owner Trustee is unable to decide between
alternative courses of action permitted or required by the terms of this
Agreement or under any Basic Document, the Owner Trustee shall promptly give
notice (in such form as shall be appropriate under the circumstances) to the
Certificateholders of record as of the preceding Record Date requesting
instruction as to the course of action to be adopted, and to the extent the
Owner Trustee acts in good faith in accordance with any written instruction of
such Certificateholders received, the Owner Trustee shall not be liable on
account of such action to any Person. If the Owner Trustee shall not have
received appropriate instruction within 10 days of such notice (or within such
shorter period of time as reasonably may be specified in such notice or may be
necessary under the circumstances) it may, but shall be under no duty to, take
or refrain from taking such action not inconsistent with this Agreement or the
Basic Documents, as it shall deem to be in the best interests of the
Certificateholders, and shall have no liability to any Person for such action
or inaction.

              (d) In the event that the Owner Trustee is unsure as to the
application of any provision of this Agreement or any Basic Document or any
such provision is ambiguous as to its application, or is, or appears to be, in
conflict with any other applicable provision, or in the event that this
Agreement permits any determination by the Owner Trustee or is silent or is
incomplete as to the course of action that the Owner Trustee is required to
take with respect to a particular set of facts, the Owner Trustee may give
notice (in such form as shall be appropriate under the circumstances) to the
Certificateholders of record as of the preceding Record Date requesting
instruction and, to the extent that the Owner Trustee acts or refrains from
acting in good faith in accordance with any such instruction received, the
Owner Trustee shall not be liable, on account of such action or inaction, to
any Person. If the Owner Trustee shall not have received appropriate
instruction within 10 days of such notice (or within such shorter period of
time as reasonably may be specified in such notice or may be necessary under
the circumstances) it may, but shall be under no duty to, take or refrain from
taking such action not inconsistent with this Agreement or the Basic
Documents, as it shall deem to be in the best interests of the
Certificateholders, and shall have no liability to any Person for such action
or inaction.

                                      18

<PAGE>

         Section 6.04. No Duties Except as Specified in this Agreement or in
Instructions. The Owner Trustee shall not have any duty or obligation to
manage, make any payment with respect to, register, record, sell, dispose of,
or otherwise deal with the Trust Estate, or to otherwise take or refrain from
taking any action under, or in connection with, any document contemplated
hereby to which the Owner Trustee or the Trust is a party, except as expressly
provided by the terms of this Agreement or in any document or written
instruction received by the Owner Trustee pursuant to Section 6.03; and no
implied duties or obligations shall be read into this Agreement or any Basic
Document against the Owner Trustee. The Owner Trustee shall have no
responsibility for filing any financing or continuation statement in any
public office at any time or to otherwise perfect or maintain the perfection
of any security interest or Lien granted to it hereunder or to prepare or file
any Securities and Exchange Commission filing for the Trust or to record this
Agreement or any Basic Document. The Owner Trustee nevertheless agrees that it
will, at its own cost and expense, promptly take all action as may be
necessary to discharge any Liens on any part of the Trust Estate that result
from actions by, or claims against, the Owner Trustee in its individual
capacity that are not related to the ownership or the administration of the
Trust Estate.

         Section 6.05. No Action Except Under Specified Documents or
Instructions. The Owner Trustee shall not manage, control, use, sell, dispose
of or otherwise deal with any part of the Trust Estate except (i) in
accordance with the powers granted to and the authority conferred upon the
Owner Trustee pursuant to this Agreement, (ii) in accordance with the Basic
Documents and (iii) in accordance with any document or instruction delivered
to the Owner Trustee pursuant to Section 6.03.

         Section 6.06. Restrictions. The Owner Trustee shall not take any
action (a) that is inconsistent with the purposes of the Trust set forth in
Section 2.03 or (b) that, to the actual knowledge of the Owner Trustee would
result in the Trust's becoming taxable as a corporation for federal income tax
purposes. The Certificateholders shall not direct the Owner Trustee to take
action that would violate the provisions of this Section.

                                  ARTICLE VII

                         CONCERNING THE OWNER TRUSTEE

         Section 7.01. Acceptance of Trusts and Duties. The Owner Trustee
accepts the trusts hereby created and agrees to perform its duties hereunder
with respect to such trusts, but only upon the terms of this Agreement. The
Owner Trustee also agrees to disburse all moneys actually received by it
constituting part of the Trust Estate upon the terms of the Basic Documents
and this Agreement. The Owner Trustee shall not be answerable or accountable
hereunder or under any Basic Document under any circumstances, except (i) for
its own willful misconduct or gross negligence or (ii) in the case of the
inaccuracy of any representation or warranty contained in Section 7.03
expressly made by the Owner Trustee. In particular, but not by way of
limitation (and subject to the exceptions set forth in the preceding
sentence):

                   (a) The Owner Trustee shall not be liable for any error of
         judgment made by a Trust Officer of the Owner Trustee;

                                      19

<PAGE>

                   (b) The Owner Trustee shall not be liable with respect to
         any action taken or omitted to be taken by it in accordance with the
         instructions of the Administrator or any Certificateholder;

                   (c) No provision of this Agreement or any Basic Document
         shall require the Owner Trustee to expend or risk funds or otherwise
         incur any financial liability in the performance of any of its rights
         or powers hereunder or under any Basic Document if the Owner Trustee
         shall have reasonable grounds for believing that repayment of such
         funds or adequate indemnity against such risk or liability is not
         reasonably assured or provided to it;

                   (d) Under no circumstances shall the Owner Trustee be
         liable for indebtedness evidenced by or arising under any of the
         Basic Documents, including the principal of and interest on the
         Notes;

                   (e) The Owner Trustee shall not be responsible for or in
         respect of the validity or sufficiency of this Agreement or for the
         due execution hereof by the Depositor or for the form, character,
         genuineness, sufficiency, value or validity of any of the Trust
         Estate, or for or in respect of the validity or sufficiency of the
         Basic Documents, other than the certificate of authentication on the
         Trust Certificates, and the Owner Trustee shall in no event assume or
         incur any liability, duty or obligation to any Noteholder or to any
         Certificateholder, other than as expressly provided for herein or
         expressly agreed to in the other Basic Documents;

                   (f) The Owner Trustee shall not be responsible for
         monitoring the performance of, and shall not be liable for the
         default or misconduct of the Administrator, the Depositor, the
         Servicer , the Indenture Trustee or any other Person under any of the
         Basic Documents or otherwise, and the Owner Trustee shall have no
         obligation or liability to perform the obligations of the Trust under
         this Agreement or the Basic Documents that are required to be
         performed by the Administrator under the Administration Agreement,
         the Indenture Trustee under the Indenture or the Depositor or the
         Servicer under the Sale and Servicing Agreement; and

                   (g) The Owner Trustee shall be under no obligation to
         exercise any of the rights or powers vested in it by this Agreement,
         or to institute, conduct or defend any litigation under this
         Agreement or otherwise or in relation to this Agreement or any Basic
         Document, at the request, order or direction of any of the
         Certificateholders, unless such Certificateholders have offered to
         the Owner Trustee security or indemnity satisfactory to it against
         the costs, expenses and liabilities that may be incurred by the Owner
         Trustee therein or thereby. The right of the Owner Trustee to perform
         any discretionary act enumerated in this Agreement or in any Basic
         Document shall not be construed as a duty, and the Owner Trustee
         shall not be answerable for other than its negligence or willful
         misconduct in the performance of any such act.

         Section 7.02. Furnishing of Documents. The Owner Trustee shall
furnish to the Certificateholders, promptly upon receipt of a written request
therefor, duplicates or copies of all

                                      20

<PAGE>

reports, notices, requests, demands, certificates, financial statements and
any other instruments furnished to the Owner Trustee under the Basic
Documents.

         Section 7.03. Representations and Warranties.  The Owner Trustee
hereby represents and warrants to the Depositor, for the benefit of the
Certificateholders, that:

                   (a) It is a banking corporation duly organized and validly
         existing in good standing under the laws of the State of Delaware. It
         has all requisite corporate power and authority to execute, deliver
         and perform its obligations under this Agreement.

                   (b) It has taken all corporate action necessary to
         authorize the execution and delivery by it of this Agreement, and
         this Agreement will be executed and delivered by one of its officers
         who is duly authorized to execute and deliver this Agreement on its
         behalf.

                   (c) Neither the execution or the delivery by it of this
         Agreement, nor the consummation by it of the transactions
         contemplated hereby, nor compliance by it with any of the terms or
         provisions hereof will contravene any federal or Delaware law,
         governmental rule or regulation governing the banking or trust powers
         of the Owner Trustee or any judgment or order binding on it, or
         constitute any default under its charter documents or bylaws or any
         indenture, mortgage, contract, agreement or instrument to which it is
         a party or by which any of its properties may be bound.

                   (d) It is a corporation satisfying the provisions of
         Section 3807(a) of the Business Trust Statute; authorized to exercise
         corporate trust powers; having a combined capital and surplus of at
         least $50,000,000 and subject to supervision or examination by
         federal or state authorities; and having (or having a parent that
         has) time deposits that are rated at least A-1 by Standard & Poor's
         and P-1 by Moody's or who is otherwise acceptable to each Rating
         Agency.

         Section 7.04. Reliance; Advice of Counsel.

              (a) The Owner Trustee shall incur no liability to anyone in
acting upon any signature, instrument, notice, resolution, request, consent,
order, certificate, report, opinion, bond, or other document or paper believed
by it to be genuine and believed by it to be signed by the proper party or
parties. The Owner Trustee may accept a certified copy of a resolution of the
board of directors or other governing body of any corporate party as
conclusive evidence that such resolution has been duly adopted by such body
and that the same is in full force and effect. As to any fact or matter the
method of determination of which is not specifically prescribed herein, the
Owner Trustee may for all purposes hereof rely on a certificate, signed by the
president or any vice president or by the treasurer or other authorized
officers of the relevant party, as to such fact or matter, and such
certificate shall constitute full protection to the Owner Trustee for any
action taken or omitted to be taken by it in good faith in reliance thereon.

              (b) In the exercise or administration of the trusts
hereunder and in the performance of its duties and obligations under this
Agreement or the Basic Documents, the Owner Trustee (i) may act directly or
through its agents or attorneys pursuant to agreements

                                      21

<PAGE>

entered into with any of them, and the Owner Trustee shall not be liable
for the conduct or misconduct of such agents or attorneys if such agents or
attorneys shall have been selected by the Owner Trustee with reasonable care,
and (ii) may consult with counsel, accountants and other skilled Persons to be
selected with reasonable care and employed by it. The Owner Trustee shall not
be liable for anything done, suffered or omitted reasonably and in good faith
by it in accordance with the written opinion or advice of any such counsel,
accountants or other such Persons and not contrary to this Agreement or any
Basic Document.

         Section 7.05. Not Acting in Individual Capacity. Except as provided
in this Article VII, in accepting the trusts hereby created, Wilmington Trust
Company acts solely as Owner Trustee hereunder and not in its individual
capacity, and all Persons having any claim against the Owner Trustee by reason
of the transactions contemplated by this Agreement or any Basic Document shall
look only to the Trust Estate for payment or satisfaction thereof.

         Section 7.06. Owner Trustee Not Liable for Trust Certificates or for
Receivables. The recitals contained herein and in the Trust Certificates
(other than the signature and countersignature of the Owner Trustee on the
Trust Certificates) shall be taken as the statements of the Depositor, and the
Owner Trustee assumes no responsibility for the correctness thereof. Except as
set forth in Section 7.03, the Owner Trustee makes no representations as to
the validity or sufficiency of this Agreement, of any Basic Document or of the
Trust Certificates (other than the signature and countersignature of the Owner
Trustee on the Trust Certificates) or the Notes, or of any Receivable or
related documents. The Owner Trustee shall at no time have any responsibility
or liability for or with respect to the legality, validity and enforceability
of any Receivable or the perfection and priority of any security interest
created by any Receivable in any Financed Vehicle or the maintenance of any
such perfection and priority, or for or with respect to the sufficiency of the
Trust Estate or its ability to generate the payments to be distributed to
Certificateholders under this Agreement or the Noteholders under the
Indenture, including, without limitation: the existence, condition and
ownership of any Financed Vehicle; the existence and enforceability of any
insurance thereon; the existence and contents of any Receivable on any
computer or other record thereof; the validity of the assignment of any
Receivable to the Trust or of any intervening assignment; the completeness of
any Receivable; the performance or enforcement of any Receivable; the
compliance by the Depositor or the Servicer with any warranty or
representation made under any Basic Document or in any related document or the
accuracy of any such warranty or representation, or any action of the
Administrator, the Indenture Trustee or the Servicer or any subservicer taken
in the name of the Owner Trustee.

         Section 7.07. Owner Trustee May Own Trust Certificates and Notes. The
Owner Trustee in its individual or any other capacity may become the owner or
pledgee of Trust Certificates or Notes and may deal with the Depositor, the
Administrator, the Indenture Trustee and the Servicer in banking transactions
with the same rights as it would have if it were not Owner Trustee.

         Section 7.08. Doing Business in Other Jurisdictions. Notwithstanding
anything contained herein to the contrary, the Owner Trustee shall not be
required to take any action in any jurisdiction other than in the State of
Delaware if the taking of such action will (i) require the

                                      22

<PAGE>

consent or approval or authorization or order of, or the giving of notice
to, or the registration with, or the taking of any other action in required
by, any state or other governmental authority or agency of any jurisdiction
other than the State of Delaware; (ii) result in any fee, tax or other
governmental charge under the laws of any jurisdiction or any political
subdivisions thereof in existence on the date hereof other than the State of
Delaware becoming payable by the Owner Trustee; or (iii) subject the Owner
Trustee to personal jurisdiction in any jurisdiction other than the State of
Delaware for causes of action arising from acts unrelated to the consummation
of the transactions by the Owner Trustee contemplated hereby. The Owner
Trustee shall be entitled to obtain advice of counsel (which advice shall be
an expense of the Administrator under Section 8.01 of this Agreement) to
determine whether any action required to be taken pursuant to the Agreement
results in the consequences described in clauses (i), (ii) and (iii) of the
preceding sentence. In the event that said counsel advises the Owner Trustee
that such action will result in such consequences, the Owner Trustee will
appoint an additional trustee pursuant to Section 10.05 hereof to proceed with
such action.

         Section 7.09. Paying Agent; Authenticating Agent. The rights and
protections afforded to the Owner Trustee pursuant to Article VII and Sections
8.02, 10.02, and 10.03 shall also be afforded to the Paying Agent,
authenticating agent and Certificate Registrar.

                                 ARTICLE VIII

                         COMPENSATION OF OWNER TRUSTEE

         Section 8.01. Owner Trustee's Fees and Expenses. The Administrator
shall pay to the Owner Trustee as compensation for its services hereunder such
fees as have been separately agreed upon before the date hereof between the
Servicer and the Owner Trustee, and the Administrator shall reimburse the
Owner Trustee for its other reasonable expenses hereunder, including the
reasonable compensation, expenses and disbursements of such agents,
representatives, experts and counsel as the Owner Trustee may employ in
connection with the exercise and performance of its rights and its duties
hereunder and under the Basic Documents.

         Section 8.02. Indemnification. The Administrator shall be liable as
primary obligor for, and shall indemnify the Owner Trustee and its successors,
assigns, agents and servants (collectively, the "Indemnified Parties") from
and against, any and all liabilities, obligations, losses, damages, taxes,
claims, actions and suits, and any and all reasonable costs, expenses and
disbursements (including reasonable legal fees and expenses) of any kind and
nature whatsoever (collectively, "Expenses") which may at any time be imposed
on, incurred by, or asserted against the Owner Trustee or any Indemnified
Party in any way relating to or arising out of this Agreement, the Basic
Documents, the Trust Estate, the administration of the Trust Estate or the
action or inaction of the Owner Trustee hereunder, except only that the
Administrator shall not be liable for or required to indemnify an Indemnified
Party from and against Expenses arising or resulting from any of the matters
described in the third sentence of Section 7.01. The indemnities contained in
this Section shall survive the resignation or termination of the Owner Trustee
or the termination of this Agreement. In any event of any claim, action or
proceeding for which indemnity will be sought pursuant to this Section, the
Indemnified Party's choice of legal

                                      23

<PAGE>

counsel shall be subject to the approval of the Administrator, which
approval shall not be unreasonably withheld.

         Section 8.03. Payments to the Owner Trustee. Any amounts paid
pursuant to this Article VIII shall be payable solely in the priority set
forth in Section 5.06(b) of the Sale and Servicing Agreement and shall be
deemed not to be a part of the Trust Estate immediately after such payment.

                                  ARTICLE IX

                        TERMINATION OF TRUST AGREEMENT

         Section 9.01. Termination of Trust Agreement.

              (a) This Agreement (other than Section 5.05 and Article
VIII) shall terminate and the Trust shall dissolve and terminate and be of no
further force or effect upon the final distribution by the Owner Trustee of
all moneys or other property or proceeds of the Trust Estate in accordance
with the terms of the Indenture, the Sale and Servicing Agreement, Article V
and the Business Trust Statute. The bankruptcy, liquidation, dissolution,
death or incapacity of any Certificateholder shall not (i) operate to
terminate this Agreement or the Trust, (ii) entitle such Certificateholder's
legal representatives or heirs to claim an accounting or to take any action or
proceeding in any court for a partition or winding up of all or any part of
the Trust or Trust Estate or (iii) otherwise affect the rights, obligations
and liabilities of the parties hereto.

              (b) Except as provided in Section 9.01(a), neither the
Depositor nor any Certificateholder shall be entitled to revoke or terminate
the Trust.

              (c) Notice of any termination of the Trust, specifying the
Distribution Date upon which Certificateholders shall surrender their Trust
Certificates to the Paying Agent for payment of the final distribution and
cancellation, shall be given by the Owner Trustee by letter to
Certificateholders mailed within five Business Days of receipt of notice of
such termination from the Servicer given pursuant to Section 9.01 of the Sale
and Servicing Agreement, stating (i) the Distribution Date upon or with
respect to which final payment of the Trust Certificates shall be made upon
presentation and surrender of the Trust Certificates at the office of the
Paying Agent therein designated, (ii) the amount of any such final payment and
(iii) that the Record Date otherwise applicable to such Distribution Date is
not applicable, payments being made only upon presentation and surrender of
the Trust Certificates at the office of the Paying Agent therein specified.
The Owner Trustee shall give such notice to the Certificate Registrar (if
other than the Owner Trustee) and the Paying Agent at the time such notice is
given to Certificateholders. Upon presentation and surrender of the Trust
Certificates, the Paying Agent shall cause to be distributed to
Certificateholders amounts distributable on such Distribution Date pursuant to
Section 5.02.

         In the event that all of the Certificateholders shall not surrender
their Trust Certificates for cancellation within six months after the date
specified in the above mentioned written notice, the Owner Trustee shall give
a second written notice to the remaining Certificateholders to

                                      24

<PAGE>

surrender their Trust Certificates for cancellation and receive the final
distribution with respect thereto. If within one year after the second notice
all the Trust Certificates shall not have been surrendered for cancellation,
the Owner Trustee may take appropriate steps, or may appoint an agent to take
appropriate steps, to contact the remaining Certificateholders concerning
surrender of their Trust Certificates, and the cost thereof shall be paid out
of the funds and other assets that shall remain subject to this Agreement. Any
funds remaining in the Trust after exhaustion of such remedies shall be
distributed by the Owner Trustee to the Depositor, subject to applicable
escheat laws.

              (d) Upon the winding up of the Trust in accordance with the
Business Trust Statute (including, without limitation, the reasonable
provision for payment of all obligations of the Trust in accordance with
Section 3808(e) of the Business Trust Statute) and the written instructions
of the Depositor, the Owner Trustee shall cause the Certificate of Trust to
be cancelled by filing a certificate of cancellation with the Secretary of
State in accordance with the provisions of Section 3810 of the Business
Trust Statute. Thereupon the Trust and this Agreement (other than Article
VIII) shall terminate.

                                   ARTICLE X

            SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES

         Section 10.01. Eligibility Requirements for Owner Trustee. The Owner
Trustee shall at all times be a corporation satisfying the provisions of
Section 3807(a) of the Business Trust Statute; authorized to exercise
corporate trust powers; having a combined capital and surplus of at least
$50,000,000 and subject to supervision or examination by federal or state
authorities; and having (or having a parent that has) time deposits that are
rated at least A-1 by Standard & Poor's and P-1 by Moody's, or which is
otherwise acceptable to each Rating Agency. If such corporation shall publish
reports of condition at least annually pursuant to law or to the requirements
of the aforesaid supervising or examining authority, then for the purpose of
this Section, the combined capital and surplus of such corporation shall be
deemed to be its combined capital and surplus as set forth in its most recent
report of condition so published. In case at any time the Owner Trustee shall
cease to be eligible in accordance with the provisions of this Section, the
Owner Trustee shall resign immediately in the manner and with the effect
specified in Section 10.02.

         Section 10.02. Resignation or Removal of Owner Trustee. The Owner
Trustee may at any time resign and be discharged from the trusts hereby
created by giving written notice thereof to the Administrator, the Indenture
Trustee and the Rating Agencies. Upon receiving such notice of resignation,
the Administrator shall promptly appoint a successor Owner Trustee by written
instrument, in duplicate, one copy of which instrument shall be delivered to
the resigning Owner Trustee and one copy to the successor Owner Trustee. If no
successor Owner Trustee shall have been so appointed and have accepted
appointment within 30 days after the giving of such notice of resignation, the
resigning Owner Trustee may petition any court of competent jurisdiction for
the appointment of a successor Owner Trustee.

                                      25

<PAGE>

         If at any time the Owner Trustee shall cease to be eligible in
accordance with the provisions of Section 10.01 and shall fail to resign after
written request therefor by the Administrator, or if at any time the Owner
Trustee shall be legally unable to act, or shall be adjudged bankrupt or
insolvent, or a receiver of the Owner Trustee or of its property shall be
appointed, or any public officer shall take charge or control of the Owner
Trustee or of its property or affairs for the purpose of rehabilitation,
conservation or liquidation, then the Administrator may remove the Owner
Trustee. If the Administrator shall remove the Owner Trustee under the
authority of the immediately preceding sentence, the Administrator shall
promptly appoint a successor Owner Trustee by written instrument, in
duplicate, one copy of which instrument shall be delivered to the outgoing
Owner Trustee so removed and one copy to the successor Owner Trustee, and
shall pay all fees owed to the outgoing Owner Trustee.

         Any resignation or removal of the Owner Trustee and appointment of a
successor Owner Trustee pursuant to any of the provisions of this Section
shall not become effective until acceptance of appointment by the successor
Owner Trustee pursuant to Section 10.03 and payment of all fees and expenses
owed to the outgoing Owner Trustee. The Administrator shall provide notice of
such resignation or removal of the Owner Trustee to each Rating Agency.

         Section 10.03. Successor Owner Trustee. Any successor Owner Trustee
appointed pursuant to Section 10.01 or 10.02 shall execute, acknowledge and
deliver to the Administrator and to its predecessor Owner Trustee an
instrument accepting such appointment under this Agreement, and thereupon the
resignation or removal of the predecessor Owner Trustee shall become
effective, and such successor Owner Trustee, without any further act, deed or
conveyance, shall become fully vested with all the rights, powers, duties and
obligations of its predecessor under this Agreement, with like effect as if
originally named as Owner Trustee. The predecessor Owner Trustee shall, upon
payment of its fees and expenses, deliver to the successor Owner Trustee all
documents and statements and monies held by it under this Agreement; and the
Administrator and the predecessor Owner Trustee shall execute and deliver such
instruments and do such other things as may reasonably be required for fully
and certainly vesting and confirming in the successor Owner Trustee all such
rights, powers, duties and obligations.

         No successor Owner Trustee shall accept appointment as provided in
this Section unless at the time of such acceptance such successor Owner
Trustee shall be eligible pursuant to Section 10.01.

         Upon acceptance of appointment by a successor Owner Trustee pursuant
to this Section, the Administrator shall mail notice thereof to all
Certificateholders, the Servicer, the Indenture Trustee, the Noteholders and
the Rating Agencies. If the Administrator shall fail to mail such notice
within 10 days after acceptance of such appointment by the successor Owner
Trustee, the successor Owner Trustee shall cause such notice to be mailed at
the expense of the Administrator.

         Any successor Owner Trustee appointed pursuant to this Section 10.03
shall promptly file an amendment to the Certificate of Trust with the
Secretary of State identifying the name and principal place of business of
such successor Owner Trustee in the State of Delaware.

                                      26

<PAGE>

         Section 10.04. Merger or Consolidation of Owner Trustee. Any Person
into which the Owner Trustee may be merged or converted or with which it may
be consolidated, or any Person resulting from any merger, conversion or
consolidation to which the Owner Trustee shall be a party, or any Person
succeeding to all or substantially all of the corporate trust business of the
Owner Trustee, shall be the successor of the Owner Trustee hereunder, without
the execution or filing of any instrument or any further act on the part of
any of the parties hereto, anything herein to the contrary notwithstanding;
provided, that such Person shall be eligible pursuant to Section 10.01; and
provided further, that the Owner Trustee shall mail notice of such merger or
consolidation to each Rating Agency; and provided further, that such successor
Owner Trustee shall file an amendment to the Certificate of Trust as described
in Section 10.03.

         Section 10.05. Appointment of Co-Trustee or Separate Trustee.
Notwithstanding any other provisions of this Agreement, at any time, for the
purpose of meeting any legal requirements of any jurisdiction in which any
part of the Trust Estate or any Financed Vehicle may at the time be located,
the Administrator and the Owner Trustee acting jointly shall have the power
and shall execute and deliver all instruments to appoint one or more Persons
approved by the Administrator and Owner Trustee to act as co-trustee, jointly
with the Owner Trustee, or as separate trustee or separate trustees, of all or
any part of the Trust Estate, and to vest in such Person, in such capacity,
such title to the Trust Estate or any part thereof and, subject to the other
provisions of this Section, such powers, duties, obligations, rights and
trusts as the Administrator and the Owner Trustee may consider necessary or
desirable. If the Administrator shall not have joined in such appointment
within 15 days after the receipt by it of a request so to do, the Owner
Trustee alone shall have the power to make such appointment. No co-trustee or
separate trustee under this Agreement shall be required to meet the terms of
eligibility as a successor Owner Trustee pursuant to Section 10.01 and no
notice of the appointment of any co-trustee or separate trustee shall be
required pursuant to Section 10.03.

         Each separate trustee and co-trustee shall, to the extent permitted
by law, be appointed and act subject to the following provisions and
conditions:

                   (a) All rights, powers, duties and obligations conferred or
         imposed upon the Owner Trustee shall be conferred upon and exercised
         or performed by the Owner Trustee and such separate trustee or
         co-trustee jointly (it being understood that such separate trustee or
         co-trustee is not authorized to act separately without the Owner
         Trustee joining in such act), except to the extent that under any law
         of any jurisdiction in which any particular act or acts are to be
         performed, the Owner Trustee shall be incompetent or unqualified to
         perform such act or acts, in which event such rights, powers, duties
         and obligations (including the holding of title to the Trust Estate
         or any portion thereof in any such jurisdiction) shall be exercised
         and performed singly by such separate trustee or co-trustee, but
         solely at the direction of the Owner Trustee;

                   (b) No trustee under this Agreement shall be personally
         liable by reason of any act or omission of any other trustee under
         this Agreement; and

                   (c) The Administrator and the Owner Trustee acting jointly
         may at any time accept the resignation of or remove any separate
         trustee or co-trustee.

                                      27

<PAGE>

         Any notice, request or other writing given to the Owner Trustee shall
be deemed to have been given to each of the then separate trustees and
co-trustees, as effectively as if given to each of them. Every instrument
appointing any separate trustee or co-trustee shall refer to this Agreement
and the conditions of this Article. Each separate trustee and co-trustee, upon
its acceptance of the trusts conferred, shall be vested with the estates or
property specified in its instrument of appointment, either jointly with the
Owner Trustee or separately, as may be provided therein, subject to all the
provisions of this Agreement, specifically including every provision of this
Agreement relating to the conduct of, affecting the liability of, or affording
protection to, the Owner Trustee. Each such instrument shall be filed with the
Owner Trustee and a copy thereof given to the Administrator.

         Any separate trustee or co-trustee may at any time appoint the Owner
Trustee as its agent or attorney-in-fact with full power and authority, to the
extent not prohibited by law, to do any lawful act under or in respect of this
Agreement on its behalf and in its name. If any separate trustee or co-trustee
shall die, become incapable of acting, resign or be removed, all of its
estates, properties, rights, remedies and trusts shall vest in and be
exercised by the Owner Trustee, to the extent permitted by law, without the
appointment of a new or successor co-trustee or separate trustee.

                                  ARTICLE XI

                                 MISCELLANEOUS

         Section 11.01. Supplements and Amendments. This Agreement may be
amended by the Depositor and the Owner Trustee, with prior written notice to
each Rating Agency, without the consent of any of the Noteholders or the
Certificateholders, to cure any ambiguity, 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
or of modifying in any manner the rights of the Noteholders or the
Certificateholders; provided, however, that such action shall not, as
evidenced by the satisfaction of the Rating Agency Condition with respect to
such amendment, adversely affect in any material respect the interests of any
Noteholder or Certificateholder.

         This Agreement may also be amended from time to time by the Depositor
and the Owner Trustee, with prior written notice to each Rating Agency, with
the consent of the Holders (as defined in the Indenture) 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 Percentage Interests in the Certificates, 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 the Certificateholders; provided, however, that no such amendment shall (a)
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 (b) reduce the aforesaid percentage of the Outstanding
Amount of the Notes and the Percentage Interests in the Certificates required
to consent to any such amendment, without the consent of the Holders of all
then-outstanding Notes and Certificates.

                                      28

<PAGE>

         Promptly after the execution of any such amendment or consent, the
Owner Trustee shall furnish written notification of the substance of such
amendment or consent to each Certificateholder, the Indenture Trustee and each
Rating Agency.

         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. The manner of obtaining such consents
(and any other consents of Certificateholders provided for in this Agreement
or in any other Basic Document) and of evidencing the authorization of the
execution thereof by Certificateholders shall be subject to such reasonable
requirements as the Owner Trustee may prescribe.

         Promptly after the execution of any amendment to the Certificate of
Trust, the Owner Trustee shall cause the filing of such amendment with the
Secretary of State.

         Prior to the execution of any amendment to this Agreement or the
Certificate of Trust, the Owner 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
(if any) to such amendment specified in this Agreement have been met. The
Owner Trustee may, but shall not be obligated to, enter into any such
amendment that affects the Owner Trustee's own rights, duties or immunities
under this Agreement or otherwise.

         Section 11.02. No Legal Title to Trust Estate in Certificateholders.
Neither the Depositor nor the Certificateholders shall have legal title to any
part of the Trust Estate. The Certificateholders shall be entitled to receive
distributions with respect to their undivided ownership interest therein only
in accordance with Articles V and IX. No transfer, by operation of law or
otherwise, of any right, title or interest of the Certificateholders to and in
their ownership interest in the Trust Estate shall operate to terminate this
Agreement or the trusts hereunder or entitle any transferee to an accounting
or to the transfer to it of legal title to any part of the Trust Estate.

         Section 11.03. Limitations on Rights of Others. The provisions of
this Agreement are solely for the benefit of the Owner Trustee, the Depositor,
the Certificateholders, the Administrator and, to the extent expressly
provided herein, the Indenture Trustee and the Noteholders, and nothing in
this Agreement, whether express or implied, shall be construed to give to any
other Person any legal or equitable right, remedy or claim in the Trust Estate
or under or in respect of this Agreement or any covenants, conditions or
provisions contained herein.

         Section 11.04. Notices.

         (a) Unless otherwise expressly specified or permitted by the terms
hereof, all notices shall be in writing and shall be deemed given upon receipt
by the intended recipient or three Business Days after mailing if mailed by
certified mail, postage prepaid (except that notice to the Owner Trustee shall
be deemed given only upon actual receipt by the Owner Trustee), if to the
Owner Trustee, addressed to the Corporate Trust Office; if to the Depositor,
addressed to National City Vehicle Receivables Inc., 1900 East 9th Street,
Cleveland, Ohio 44114; or, as to

                                      29

<PAGE>

each party, at such other address as shall be designated by such party in
a written notice to each other party. A copy of any such notice shall also be
mailed to the Servicer, addressed to National City Bank, 1900 East 9th Street,
Cleveland, Ohio 44114, Attention: David L. Zoeller.

         (b) Any notice required or permitted to be given to a
Certificateholder shall be given by first-class mail, postage prepaid, at the
address of such Certificateholder as shown in the Certificate Register. Any
notice so mailed within the time prescribed in this Agreement shall be
conclusively presumed to have been duly given, whether or not such
Certificateholder receives such notice.

         Section 11.05. Severability. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, 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 11.06. Separate Counterparts. This Agreement may be executed
by the parties hereto in separate counterparts, each of which when so executed
and delivered shall be an original, but all such counterparts shall together
constitute but one and the same instrument.

         Section 11.07. Successors and Assigns. All covenants and agreements
contained herein shall be binding upon, and inure to the benefit of, each of
the Depositor and its permitted assignees, the Owner Trustee and its
successors and each Certificateholder and its successors and permitted
assigns, all as herein provided. Any request, notice, direction, consent,
waiver or other instrument or action by a Certificateholder shall bind the
successors and assigns of such Certificateholder.

         Section 11.08. Covenants of the Depositor. The Depositor will not at
any time institute against the Trust any bankruptcy proceedings under any
United States federal or state bankruptcy or similar law in connection with
any obligations relating to the Trust Certificates, the Notes, this Agreement
or any of the other Basic Documents.

         Section 11.09. No Petition. The Owner Trustee, by entering into this
Agreement, each Certificateholder, by accepting a Trust Certificate, and the
Indenture Trustee and each Noteholder, by accepting the benefits of this
Agreement, hereby covenant and agree that they will not at any time institute
against the Depositor or the Trust or join in any institution against the
Depositor or the Trust of, any bankruptcy proceedings under any United States
federal or state bankruptcy or similar law in connection with any obligations
relating to the Trust Certificates, the Notes, this Agreement or any of the
Basic Documents.

         Section 11.10. No Recourse. Each Certificateholder by accepting a
Trust Certificate acknowledges that such Trust Certificate represents a
beneficial interest in the Trust only and does not represent an interest in or
an obligation of the Depositor, the Servicer, the Administrator, the Owner
Trustee, the Indenture Trustee or any Affiliate thereof and no recourse may be
had against such parties or their assets, except as may be expressly set forth
or contemplated in this Agreement, the Trust Certificates or the Basic
Documents.

                                      30

<PAGE>

         Section 11.11. Headings. The headings of the various Articles and
Sections herein are for convenience of reference only and shall not define or
limit any of the terms or provisions hereof.

         Section 11.12. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, 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 11.13. Trust Certificate Transfer Restrictions. The Trust
Certificates may not be acquired by or for the account of (i) an employee
benefit plan (as defined in Section 3(3) of ERISA) that is subject to the
provisions of Title I of ERISA, (ii) a plan described in Section 4975(e)(1) of
the Code, (iii) any entity whose underlying assets include plan assets by
reason of a plan's investment in the entity (each, a "Benefit Plan"), or (iv)
a Person who not is either (A)(1) a citizen or individual resident of the
United States, (2) a corporation, partnership or other entity organized in or
under the laws of the United States, any state thereof or the District of
Columbia or (3) a Person not described in (A)(1) or (2) whose ownership of the
Trust Certificates is effectively connected with such Person's conduct of a
trade or business within the United States (within the meaning of the Code)
and its ownership of any interest in a Certificate will not result in any
withholding obligation with respect to any payments with respect to the Trust
Certificates by any Person (other than withholding, if any, under Section 1446
of the Code) or (B) an estate the income of which is includible in gross
income for federal income tax purposes regardless of source or a trust if (1)
the court within the United States is able to exercise primary supervision of
the administration of such trust and one or more United States persons have
the authority to control all substantial decisions of the Issuer or (2) such
trust was in existence on August 20, 1996 and properly elected to continue to
be treated as a United States person. The purchaser of Trust Certificates must
agree to provide a certification of non-foreign status signed under penalty of
perjury and, alternatively, if it is a Person described in clause (A)(3)
above, it will furnish to the transferor and the Owner Trustee a properly
executed IRS Form W-8ECI and a new IRS Form W-8ECI upon the expiration or
obsolescence of any previously delivered form (and such other certifications,
representations or Opinions of Counsel as may be requested by the transferor
and the Owner Trustee). By accepting and holding a Trust Certificate, the
Holder thereof shall be deemed to have represented and warranted that it is
not a Benefit Plan.

         Section 11.14. Acceptance of Terms of Agreement. The receipt and
acceptance of a Trust Certificate by a Certificateholder, without any
signature or further manifestation of assent, shall constitute the
unconditional acceptance by the Certificateholder of all the terms and
provisions of this Agreement, and shall constitute the agreement of the Trust
that the terms and provisions of this Agreement shall be binding, operative
and effective as between the Trust and the Certificateholder.

                                      31

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Trust
Agreement to be duly executed by their respective officers hereunto duly
authorized, as of the day and year first above written.

                                 NATIONAL CITY VEHICLE
                                 RECEIVABLES INC.,
                                    as Depositor

                                 By:   /s/ Robert B. Crowl
                                     ------------------------------------
                                     Name:   Robert B. Crowl
                                     Title:  V.P., Secretary

                                 WILMINGTON TRUST COMPANY,
                                 as Owner Trustee

                                By:    /s/ W. Chris Spanenberg
                                     ------------------------------------
                                     Name:   W. Chris Spanenberg
                                     Title:  Vice President

                                      32

<PAGE>

                                                                     EXHIBIT A

                           FORM OF TRUST CERTIFICATE

THIS TRUST CERTIFICATE IS SUBORDINATE TO THE NOTES, AS SET FORTH IN THE
SALE AND SERVICING AGREEMENT.

         THIS TRUST CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT"), OR UNDER THE
SECURITIES OR BLUE SKY LAWS OF ANY STATE IN THE UNITED STATES OR ANY FOREIGN
SECURITIES LAWS. BY ITS ACCEPTANCE OF THIS TRUST CERTIFICATE THE HOLDER HEREOF
UNLESS SUCH HOLDER IS THE DEPOSITOR OR AN AFFILIATE THEREOF IS DEEMED TO
REPRESENT TO THE DEPOSITOR AND THE OWNER TRUSTEE (i) THAT IT IS AN "ACCREDITED
INVESTOR" AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D
PROMULGATED UNDER THE 1933 ACT (AN "ACCREDITED INVESTOR") AND THAT IT IS
ACQUIRING THIS TRUST CERTIFICATE FOR ITS OWN ACCOUNT (AND NOT FOR THE ACCOUNT
OF OTHERS) OR AS A FIDUCIARY OR AGENT FOR OTHERS (WHICH OTHERS ALSO ARE
ACCREDITED INVESTORS UNLESS THE HOLDER IS A BANK ACTING IN ITS FIDUCIARY
CAPACITY) FOR INVESTMENT AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN
CONNECTION WITH, THE PUBLIC DISTRIBUTION HEREOF OR (ii) THAT IT IS A
"QUALIFIED INSTITUTIONAL BUYER" AS DEFINED IN RULE 144A UNDER THE 1933 ACT AND
IS ACQUIRING SUCH TRUST CERTIFICATE FOR ITS OWN ACCOUNT (AND NOT FOR THE
ACCOUNT OF OTHERS) OR AS A FIDUCIARY OR AGENT FOR OTHERS (WHICH OTHERS ALSO
ARE QUALIFIED INSTITUTIONAL BUYERS).

         NO SALE, PLEDGE OR OTHER TRANSFER OF THIS TRUST CERTIFICATE MAY BE
MADE BY ANY PERSON UNLESS EITHER (i) SUCH SALE, PLEDGE OR OTHER TRANSFER IS
MADE TO THE DEPOSITOR, (ii) SUCH SALE, PLEDGE OR OTHER TRANSFER IS MADE TO AN
ACCREDITED INVESTOR THAT EXECUTES A CERTIFICATE, SUBSTANTIALLY IN THE FORM
SPECIFIED IN THE CERTIFICATE TRUST AGREEMENT, TO THE EFFECT THAT IT IS AN
ACCREDITED INVESTOR ACTING FOR ITS OWN ACCOUNT (AND NOT FOR THE ACCOUNT OF
OTHERS) OR AS A FIDUCIARY OR AGENT FOR OTHERS (WHICH OTHERS ALSO ARE
ACCREDITED INVESTORS UNLESS THE HOLDER IS A BANK ACTING IN ITS FIDUCIARY
CAPACITY), (iii) SO LONG AS THIS TRUST CERTIFICATE IS ELIGIBLE FOR RESALE
PURSUANT TO RULE 144A UNDER THE 1933 ACT, SUCH SALE, PLEDGE OR OTHER TRANSFER
IS MADE TO A PERSON WHOM THE PROSPECTIVE TRANSFEROR REASONABLY BELIEVES AFTER
DUE INQUIRY IS A "QUALIFIED INSTITUTIONAL BUYER" (AS DEFINED IN RULE 144A),
ACTING FOR ITS OWN ACCOUNT (AND NOT FOR THE ACCOUNT OF OTHERS) OR AS A
FIDUCIARY OR AGENT FOR OTHERS (WHICH OTHERS ALSO ARE QUALIFIED INSTITUTIONAL
BUYERS) TO WHOM NOTICE IS GIVEN THAT THE SALE, PLEDGE OR TRANSFER IS BEING
MADE IN RELIANCE ON RULE 144A, OR (iv) SUCH SALE, PLEDGE OR OTHER TRANSFER IS
OTHERWISE MADE IN A TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF
THE 1933 ACT, IN WHICH CASE (A) THE

                                     A-1

<PAGE>

OWNER TRUSTEE SHALL REQUIRE THAT BOTH THE PROSPECTIVE TRANSFEROR AND THE
PROSPECTIVE TRANSFEREE CERTIFY TO THE OWNER TRUSTEE AND THE DEPOSITOR IN
WRITING THE FACTS SURROUNDING SUCH TRANSFER, WHICH CERTIFICATION SHALL BE IN
FORM AND SUBSTANCE SATISFACTORY TO THE OWNER TRUSTEE AND THE DEPOSITOR, AND
(B) THE OWNER TRUSTEE SHALL REQUIRE A WRITTEN OPINION OF COUNSEL (WHICH SHALL
NOT BE AT THE EXPENSE OF THE DEPOSITOR, ANY AFFILIATE OF THE DEPOSITOR OR THE
OWNER TRUSTEE) SATISFACTORY TO THE DEPOSITOR AND THE OWNER TRUSTEE TO THE
EFFECT THAT SUCH TRANSFER WILL NOT VIOLATE THE 1933 ACT.

         EACH CERTIFICATEHOLDER, BY ITS ACCEPTANCE OF THIS TRUST CERTIFICATE,
COVENANTS AND AGREES THAT SUCH CERTIFICATEHOLDER SHALL NOT, PRIOR TO THE DATE
THAT IS ONE YEAR AND ONE DAY AFTER THE TERMINATION OF THE TRUST AGREEMENT,
ACQUIESCE, PETITION OR OTHERWISE INVOKE OR CAUSE THE TRUST OR THE DEPOSITOR TO
INVOKE THE PROCESS OF ANY COURT OR GOVERNMENTAL AUTHORITY FOR THE PURPOSE OF
COMMENCING OR SUSTAINING A CASE AGAINST THE TRUST OR THE DEPOSITOR UNDER ANY
FEDERAL OR STATE BANKRUPTCY, INSOLVENCY, REORGANIZATION OR SIMILAR LAW, OR
APPOINTING A RECEIVER, LIQUIDATOR, ASSIGNEE, TRUSTEE, CUSTODIAN, SEQUESTRATOR
OR OTHER SIMILAR OFFICIAL OF THE TRUST OR THE DEPOSITOR OR ANY SUBSTANTIAL
PART OF ITS PROPERTY, OR ORDERING THE WINDING UP OR LIQUIDATION OF THE AFFAIRS
OF THE TRUST OR THE DEPOSITOR.

NO TRANSFER OF A TRUST CERTIFICATE SHALL BE MADE TO ANY PERSON UNLESS THE
OWNER TRUSTEE HAS RECEIVED (A) A CERTIFICATE IN SUBSTANTIALLY THE FORM
SPECIFIED IN THE CERTIFICATE TRUST AGREEMENT FROM SUCH PERSON TO THE EFFECT
THAT SUCH PERSON IS NOT (I) AN EMPLOYEE BENEFIT PLAN (AS DEFINED IN SECTION
3(3) OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED
("ERISA")) THAT IS SUBJECT TO THE PROVISIONS OF TITLE I OF ERISA, (II) A PLAN
DESCRIBED IN SECTION 4975(E)(1) OF THE CODE OR (III) ANY ENTITY WHOSE
UNDERLYING ASSETS INCLUDE PLAN ASSETS BY REASON OF A PLAN'S INVESTMENT IN THE
ENTITY (EACH, A "BENEFIT PLAN"), OR (B) AN OPINION OF COUNSEL SATISFACTORY TO
THE OWNER TRUSTEE AND THE DEPOSITOR TO THE EFFECT THAT THE PURCHASE AND
HOLDING OF SUCH TRUST CERTIFICATE WILL NOT CONSTITUTE OR RESULT IN THE ASSETS
OF THE TRUST BEING DEEMED TO BE "PLAN ASSETS" SUBJECT TO THE PROHIBITED
TRANSACTIONS PROVISIONS OF ERISA OR SECTION 4975 OF THE CODE AND WILL NOT
SUBJECT THE OWNER TRUSTEE, THE INDENTURE TRUSTEE OR THE DEPOSITOR TO ANY
OBLIGATION IN ADDITION TO THOSE UNDERTAKEN IN THE BASIC DOCUMENTS.

THIS CERTIFICATE DOES NOT REPRESENT DEPOSITS OR OBLIGATIONS OF OR AN INTEREST
IN NATIONAL CITY BANK.

THIS CERTIFICATE IS NOT GUARANTEED OR INSURED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION OR ANY GOVERNMENTAL AGENCY.

                                     A-2

<PAGE>

NUMBER R-                    PERCENTAGE INTEREST:

                  NATIONAL CITY AUTO RECEIVABLES TRUST 2002-A

                                  CERTIFICATE

evidencing a fractional undivided beneficial interest in the Trust, as defined
below, the property of which consists of: (1) the Receivables and all moneys
received thereon on or after the Cutoff Date; (2) the security interests in
the Financed Vehicles and any accessions thereto granted by Obligors pursuant
to the Receivables and any other interest of the Depositor in such Financed
Vehicles; (3) any Liquidation Proceeds and any other proceeds with respect to
the Receivables from claims on any physical damage, credit life or disability
insurance policies covering the Financed Vehicles or the related Obligors,
including any vendor's single interest or other collateral protection
insurance policy; (4) any property that shall have secured a Receivable and
shall have been acquired by or on behalf of the Depositor, the Servicer or the
Trust; (5) all documents and other items contained in the Receivable Files;
(6) all of the Depositor's rights (but not its obligations) under the
Receivables Purchase Agreement; (7) all right, title and interest in all funds
on deposit from time to time in the Trust Accounts and the Certificate
Distribution Account and in all investments therein and proceeds thereof
(including all Investment Earnings thereon); and (8) the proceeds of any and
all of the foregoing.

THIS TRUST CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR AN OBLIGATION OF
NATIONAL CITY VEHICLE RECEIVABLES INC., NATIONAL CITY BANK, WILMINGTON TRUST
COMPANY OR ANY OF THEIR RESPECTIVE AFFILIATES.

         THIS CERTIFIES THAT ___________ is the registered owner of a _______
PERCENT nonassessable, fully paid, undivided percentage interest in NATIONAL
CITY AUTO RECEIVABLES TRUST 2002-A (the "Trust"), formed by NATIONAL CITY
VEHICLE RECEIVABLES INC., a Delaware corporation (the "Depositor").

         The Trust was created pursuant to a Trust Agreement amended and
restated as of March 1, 2002 (as amended or supplemented from time to time,
the "Trust Agreement"), between the Depositor and Wilmington Trust Company, as
owner trustee (the "Owner Trustee"), a summary of certain of the pertinent
provisions of which is set forth below. To the extent not otherwise defined
herein, the capitalized terms used herein have the meanings assigned to them
in the Trust Agreement or the Sale and Servicing Agreement dated as of March
1, 2002 (as amended and supplemented from time to time, the "Sale and
Servicing Agreement"), among the Trust, the Depositor, National City Bank, as
Servicer, Seller, Custodian and Administrator, and The Bank of New York, as
Indenture Trustee, as applicable.

         This Trust Certificate is one of the duly authorized Trust
Certificates designated as "Asset Backed Certificates" (herein called the
"Trust Certificates"). Also issued under an Indenture dated as of March 1,
2002 (the "Indenture"), between the Trust and The Bank of New York, as
indenture trustee, are the six classes of Notes designated as "2.04% Asset
Backed Notes, Class A-1," "3.00% Asset Backed Notes, Class A-2," "4.04% Asset
Backed Notes, Class A-3" and "4.83% Asset Backed Notes, Class A-4"
(collectively, the "Class A Notes"), "3.62% Asset Backed Notes, Class B" and
"4.52% Asset Backed Notes, Class C" (the "Class C Notes", and together with
the Class A Notes and the Class B Notes, the "Notes"). This Trust Certificate

                                     A-3

<PAGE>

is issued under and is subject to the terms, provisions and conditions of the
Trust Agreement, to which Trust Agreement the Holder of this Trust Certificate
by virtue of its acceptance hereof assents and by which such Certificateholder
is bound. The property of the Trust consists of the Receivables and all monies
received thereon on or after March 1, 2002, security interests in the related
Financed Vehicles, certain bank accounts and the proceeds thereof, proceeds
from claims on certain insurance policies and certain other rights under the
Trust Agreement and the Sale and Servicing Agreement, and all proceeds of the
foregoing. The rights of the Certificateholders are subordinate to the rights
of the Noteholders, as set forth in the Sale and Servicing Agreement.

         Under the Trust Agreement, there will be distributed on the 15th day
of each month or, if such 15th day is not a Business Day, the next Business
Day (each, a "Distribution Date"), commencing on April 15, 2002, to the Person
in whose name this Trust Certificate is registered on the last day of the
immediately preceding month (the "Record Date"), such Certificateholder's
fractional undivided interest in the amount to be distributed to
Certificateholders on such Payment Date.

         The Holder of this Trust Certificate acknowledges and agrees that its
rights to receive distributions in respect of this Trust Certificate are
subordinate to the rights of the Noteholders as described in the Sale and
Servicing Agreement and the Indenture.

         It is the intent of the Depositor and the Certificateholders that, to
the extent the Certificates are beneficially owned by a single
Certificateholder for purposes of federal income, state and local income and
single business tax and any other income taxes, the Trust will be treated as
an agent of the sole Certificateholder and to the extent the Certificates are
beneficially owned by more than one Certificateholder as a partnership with
the Certificateholders being treated as partners in that tax partnership. A
Certificateholder, by its acceptance of a Trust Certificate, agrees to so
treat, and to take no action inconsistent with the treatment of, the Trust for
such tax purposes as an agent of the Trust and not as a separate tax entity
for federal income tax and state income and franchise tax purposes.

         Each Certificateholder, by its acceptance of a Trust Certificate,
agrees to treat, and to take no action inconsistent with the treatment of, the
Trust Certificates for such tax purposes as partnership interests in the
Trust.

         A Certificateholder, by its acceptance of a Trust Certificate,
covenants and agrees that such Certificateholder will not at any time
institute against the Depositor or the Trust, or join in any institution
against the Depositor or the Trust of, any bankruptcy, reorganization,
arrangement, insolvency or liquidation proceedings, or other proceedings under
any United States federal or state bankruptcy or similar law in connection
with any obligations relating to the Trust Certificates, the Notes, the Trust
Agreement or any of the Basic Documents.

         Payments on this Trust Certificate will be made as provided in the
Trust Agreement by the Owner Trustee or the Paying Agent by wire transfer or
check mailed to the Certificateholder of record in the Certificate Register
without the presentation or surrender of this Trust Certificate or the making
of any notation hereon. Except as otherwise provided in the Trust Agreement
and notwithstanding the above, the final distribution on this Trust
Certificate will be made after due notice by the Owner Trustee of the pendency
of such payment and only upon presentation and surrender of this Trust
Certificate at the office or agency designated for that purpose by the Owner
Trustee in the Borough of Manhattan, The City of New York.

                                     A-4

<PAGE>

         Reference is hereby made to the further provisions of this Trust
Certificate set forth on the reverse hereof, which further provisions shall
for all purposes have the same effect as if set forth at this place.

         Unless the certificate of authentication hereon shall have been
executed by an authorized officer of the Owner Trustee, by manual signature,
this Trust Certificate shall not entitle the Holder hereof to any benefit
under the Trust Agreement or the Sale and Servicing Agreement or be valid for
any purpose.

              THIS TRUST CERTIFICATE SHALL BE CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF DELAWARE, 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.

                                     A-5

<PAGE>

         IN WITNESS WHEREOF, the Owner Trustee, on behalf of the Trust and not
in its individual capacity, has caused this Trust Certificate to be duly
executed.

                               NATIONAL CITY AUTO RECEIVABLES TRUST 2002-A

                               By:  WILMINGTON TRUST COMPANY,
                                    not in its individual capacity
                                    but solely as Owner Trustee

Dated:                         By:
                                    --------------------------------
                                      Authorized Signatory

                 OWNER TRUSTEE'S CERTIFICATE OF AUTHENTICATION

This is one of the Trust Certificates referred to in the within-mentioned
Trust Agreement.

WILMINGTON TRUST COMPANY,                    WILMINGTON TRUST COMPANY,
as Owner Trustee                      or     as Owner Trustee

                                             By:  The Bank of New York, as
                                                  Authenticating Agent

By:                                          By:
    ---------------------------                   ------------------------
    Authorizing Agent                             Authorizing Agent

                                     A-6

<PAGE>

                        [REVERSE OF TRUST CERTIFICATE]

         The Trust Certificates do not represent an obligation of, or an
interest in, the Depositor, the Servicer, the Owner Trustee or any affiliates
of any of them and no recourse may be had against such parties or their
assets, except as expressly set forth or contemplated herein or in the Trust
Agreement or the Basic Documents. In addition, this Trust Certificate is not
guaranteed by any governmental agency or instrumentality and is limited in
right of payment to certain collections and recoveries with respect to the
Receivables (and certain other amounts), all as more specifically set forth
herein and in the Sale and Servicing Agreement. A copy of each of the Sale and
Servicing Agreement and the Trust Agreement may be examined by any
Certificateholder upon written request during normal business hours at the
principal office of the Depositor and at such other places, if any, designated
by the Depositor.

         The Trust Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the rights and
obligations of the Depositor and the rights of Certificateholders under the
Trust Agreement at any time by the Depositor and the Owner Trustee with the
consent of the Holders of the Trust Certificates and the Notes, each voting as
a class, evidencing not less than a majority of the Percentage Interests in
the Certificates and the outstanding principal balance of the Notes of each
class. Any such consent by the Holder of this Trust Certificate shall be
conclusive and binding on such Holder and on all future Holders of this Trust
Certificate and of any Trust Certificate issued upon the transfer hereof or in
exchange herefor or in lieu hereof, whether or not notation of such consent is
made upon this Trust Certificate. The Trust Agreement also permits the
amendment thereof, in certain limited circumstances, without the consent of
the Holders of any of the Trust Certificates.

         As provided in the Trust Agreement and subject to certain limitations
therein set forth, the transfer of this Trust Certificate is registerable in
the Certificate Register upon surrender of this Trust Certificate for
registration of transfer at the offices or agencies of the Certificate
Registrar designated by the Owner Trustee in the Borough of Manhattan, The
City of New York, accompanied by a written instrument of transfer in form
satisfactory to the Owner Trustee and the Certificate Registrar duly executed
by the Holder hereof or such Holder's attorney duly authorized in writing, and
thereupon one or more new Trust Certificates of authorized denominations
evidencing the same aggregate interest in the Trust will be issued to the
designated transferee. The initial Certificate Registrar appointed under the
Trust Agreement is The Bank of New York, New York, New York.

         Except as provided in the Trust Agreement, the Trust Certificates are
issuable only as registered Trust Certificates without coupons in
denominations of $1,000,000 and in integral multiples of $1,000 in excess
thereof; provided, however, that a single Trust Certificate may be issued in
such denomination as required to include any residual amount. As provided in
the Trust Agreement and subject to certain limitations therein set forth,
Trust Certificates are exchangeable for new Trust Certificates of authorized
denominations evidencing the same aggregate denomination, as requested by the
Certificateholder surrendering the same. No service charge will be made for
any such registration of transfer or exchange, but the Owner Trustee or the
Certificate Registrar may require payment of a sum sufficient to cover any tax
or governmental charge payable in connection therewith.

                                     A-7

<PAGE>

         The Owner Trustee, the Certificate Registrar and any agent of the
Owner Trustee or the Certificate Registrar may treat the Person in whose name
this Trust Certificate is registered as the owner hereof for all purposes, and
none of the Owner Trustee, the Certificate Registrar or any such agent shall
be affected by any notice to the contrary.

         The obligations and responsibilities created by the Trust Agreement
and the Trust created thereby shall terminate upon the payment to
Certificateholders of all amounts required to be paid to them pursuant to the
Trust Agreement and the Sale and Servicing Agreement and the disposition of
all property held as part of the Trust Estate. The Servicer of the Receivables
may at its option purchase the Trust Estate at a price specified in the Sale
and Servicing Agreement, and such purchase of the Receivables and other
property of the Trust will effect early retirement of the Trust Certificates;
provided, however, that such right of purchase is exercisable only as of the
last day of any Collection Period as of which the Pool Balance is less than or
equal to 5% of the Original Pool Balance.

         The Trust Certificates may not be acquired by (a) an employee benefit
plan (as defined in Section 3(3) of ERISA) that is subject to the provisions
of Title I of ERISA, (b) a plan described in Section 4975(e)(1) of the Code or
(c) any entity whose underlying assets include plan assets by reason of a
plan's investment in the entity or which uses plan assets to acquire Trust
Certificates (each, a "Benefit Plan"). By accepting and holding this Trust
Certificate, the Holder hereof shall be deemed to have represented and
warranted that it is not a Benefit Plan.

                                     A-8

<PAGE>

                                  ASSIGNMENT

                      FOR VALUE RECEIVED the undersigned hereby sells,
              assigns and transfers unto

              PLEASE INSERT SOCIAL SECURITY OR
              OTHER IDENTIFYING NUMBER OF ASSIGNEE

              -------------------------------------------------------------
                    (Please print or type name and address, including
                               postal zip code, of assignee)

              the within Trust Certificate, and all rights thereunder, and
              hereby irrevocably constitutes and appoints ____________,
              attorney, to transfer said Trust Certificate on the books of
              the Certificate Registrar, with full power of substitution in
              the premises.

              Dated:
                                                --------------------------*/
                                                    Signature Guaranteed:

                                                --------------------------*/

              ----------------
              */    NOTICE: The signature to this assignment must
                    correspond with the name of the registered owner as
                    it appears on the face of the within Trust
                    Certificate in every particular, without alteration,
                    enlargement or any change whatever. Such signature
                    must be guaranteed by an "eligible guarantor
                    institution" meeting the requirements of the
                    Certificate Registrar, which requirements include
                    membership or participation in STAMP or such other
                    "signature guarantee program" as may be determined by
                    the Certificate Registrar in addition to, or in
                    substitution for, STAMP, all in accordance with the
                    Securities Exchange Act of 1934, as amended.

                                     A-9

<PAGE>

                                                                     EXHIBIT B

  FORM OF CERTIFICATE OF TRUST OF NATIONAL CITY AUTO RECEIVABLES TRUST 2002-A

         This CERTIFICATE OF TRUST of NATIONAL CITY AUTO RECEIVABLES TRUST
2002-A (the "Trust"), dated March _____, 2002, is being duly executed and
filed by Wilmington Trust Company, a Delaware banking corporation, as owner
trustee, to form a business trust under the Delaware Business Trust Act (12
Del. Code, ss. 3801 et seq.).

         1. Name. The name of the business trust formed hereby is NATIONAL
CITY AUTO RECEIVABLES TRUST 2002-A.

         2. Delaware Trustee. The name and business address of the trustee of
the Trust in the State of Delaware is Wilmington Trust Company, Rodney Square
North, 1100 North Market Street, Wilmington, Delaware 19890-0001, Attention:
Corporate Trust Administration.

         3. Effective Date. This Certificate of Trust shall be effective upon
filing with the Secretary of State.

         IN WITNESS WHEREOF, the undersigned, being the sole trustee of the
Trust, has executed this Certificate of Trust as of the date first above
written.

                                   WILMINGTON TRUST COMPANY,
                                   as owner trustee

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

                                     B-1

<PAGE>

                                                                     EXHIBIT C

                        FORM OF TRANSFEROR CERTIFICATE

                                    [DATE]

National City Vehicle Receivables Inc.
1900 East 9th Street
Cleveland, Ohio  44114

Wilmington Trust Company, as Owner Trustee
Rodney Square North
1100 North Market Street
Wilmington, Delaware 19890-0001
Attention: Corporate Trust Administration

         Re:  National City Auto Receivables Trust 2002-A

Ladies and Gentlemen:

         In connection with our disposition of the above-referenced Asset
Backed Certificates (the "Certificates") we certify that (a) we understand
that the Certificates have not been registered under the Securities Act of
1933, as amended (the "Act"), and are being transferred by us in a transaction
that is exempt from the registration requirements of the Act and (b) we have
not offered or sold any Certificates to, or solicited offers to buy any
Certificates from, any person, or otherwise approached or negotiated with any
person with respect thereto, in a manner that would be deemed, or taken any
other action which would result in, a violation of Section 5 of the Act.

                                    Very truly yours,

                                    [NAME OF TRANSFEROR]

                                    By:
                                        --------------------------------
                                               Authorized Officer

                                     C-1

<PAGE>

                                                                     EXHIBIT D

                           FORM OF INVESTMENT LETTER

National City Vehicle Receivables Inc.
1900 East 9th Street
Cleveland, Ohio  44114

Wilmington Trust Company, as Owner Trustee
Rodney Square North
1100 North Market Street
Wilmington, Delaware 19890-0001
Attention: Corporate Trust Administration

Ladies and Gentlemen:

         In connection with our proposed purchase of a ____% percentage
interest in the Asset Backed Certificates (the "Certificates") of National
City Auto Receivables Trust 2002-A (the "Issuer"), we confirm that:

                  1. We understand that the Certificates have not been
         registered under the Securities Act of 1933, as amended (the "1933
         Act"), and may not be sold except as permitted in the following
         sentence. We understand and agree, on our own behalf and on behalf of
         any accounts for which we are acting as hereinafter stated, (x) that
         such Certificates are being offered only in a transaction not
         involving any public offering within the meaning of the 1933 Act and
         (y) that such Certificates may be resold, pledged or transferred only
         (i) to the Depositor, (ii) to an "accredited investor" as defined in
         Rule 501(a)(1),(2),(3) or (7) (an "Accredited Investor") under the
         1933 Act acting for its own account (and not for the account of
         others) or as a fiduciary or agent for others (which others also are
         Accredited Investors unless the holder is a bank acting in its
         fiduciary capacity) that executes a certificate substantially in the
         form hereof, (iii) so long as such Certificate is eligible for resale
         pursuant to Rule 144A under the 1933 Act ("Rule 144A"), to a person
         whom we reasonably believe after due inquiry is a "qualified
         institutional buyer" as defined in Rule 144A, acting for its own
         account (and not for the account of others) or as a fiduciary or
         agent for others (which others also are "qualified institutional
         buyers") to whom notice is given that the resale, pledge or transfer
         is being made in reliance on Rule 144A or (iv) in a sale, pledge or
         other transfer made in a transaction otherwise exempt from the
         registration requirements of the 1933 Act, in which case the Owner
         Trustee shall require that both the prospective transferor and the
         prospective transferee certify to the Owner Trustee and the Depositor
         in writing the facts surrounding such transfer, which certification
         shall be in form and substance satisfactory to the Owner Trustee and
         the Depositor. Except in the case of a transfer described in clauses
         (i) or (iii) above, the Owner Trustee shall require a written opinion
         of counsel (which will not be at the expense of the Depositor, any
         affiliate of the Depositor or the Owner Trustee) satisfactory to the
         Depositor and the Owner Trustee be delivered to the Depositor and the
         Owner Trustee to the effect that such transfer will not violate the
         1933 Act, in each case in accordance with any applicable securities
         laws of any state of the United States. We will notify any purchaser
         of the Certificates from us of the above

                                     D-1

<PAGE>

         resale restrictions, if then applicable. We further understand
         that in connection with any transfer of the Certificates by us
         that the Depositor and the Owner Trustee may request, and if so
         requested we will furnish such certificates and other information as
         they may reasonably require to confirm that any such transfer
         complies with the foregoing restrictions.

                  2.               [CHECK ONE]

   / /   (a) We are an "accredited investor" (as defined in Rule
         501(a)(1),(2),(3) or (7) of Regulation D under the 1933 Act) acting
         for our own account (and not for the account of others) or as a
         fiduciary or agent for others (which others also are Accredited
         Investors unless we are a bank acting in its fiduciary capacity). We
         have such knowledge and experience in financial and business matters
         as to be capable of evaluating the merits and risks of our investment
         in the Certificates, and we and any accounts for which we are acting
         are each able to bear the economic risk of our or their investment
         for an indefinite period of time. We are acquiring the Certificates
         for investment and not with a view to, or for offer and sale in
         connection with, a public distribution.

   / /   (b) We are a "qualified institutional buyer" as defined under Rule
         144A under the 1933 Act and are acquiring the Certificates for our
         own account (and not for the account of others) or as a fiduciary or
         agent for others (which others also are "qualified institutional
         buyers"). We are familiar with Rule 144A under the 1933 Act and are
         aware that the seller of the Certificates and other parties intend to
         rely on the statements made herein and the exemption from the
         registration requirements of the 1933 Act provided by Rule 144A.

                  3. We are not (i) an employee benefit plan (as defined in
         Section 3(3) of the Employee Retirement Income Security Act of 1974,
         as amended ("ERISA")) that is subject to the provisions of Title I of
         ERISA, (ii) a plan described in Section 4975(e)(1) of the Code or
         (iii) any entity whose underlying assets include plan assets by
         reason of a plan's investment in the entity (each, a "Benefit Plan").
         We hereby acknowledge that no transfer of any Certificate shall be
         permitted to be made to any person unless the Owner Trustee has
         received (i) a certificate from such transferee to the effect of the
         preceding sentence, or (ii) an opinion of counsel satisfactory to the
         Owner Trustee to the effect that the purchase and holding of any such
         Certificate will not constitute or result in the assets of the Issuer
         being deemed to be "plan assets" and subject to the prohibited
         transaction provisions of ERISA or Section 4975 of the Code and will
         not subject the Owner Trustee, the Indenture Trustee or the Depositor
         to any obligation in addition to those undertaken in the Basic
         Documents with respect to the Certificates (provided, however, that
         the Owner Trustee will not require such certificate or opinion in the
         event that, as a result of change of law or otherwise, counsel
         satisfactory to the Owner Trustee has rendered an opinion to the
         effect that the purchase and holding of any such Certificate by a
         Benefit Plan or a Person that is purchasing or holding any such
         Certificate with the assets of a Benefit Plan will not constitute or
         result in a prohibited transaction under ERISA or Section 4975 of the
         Code).

                  4. We are a Person who is either (A)(1) a citizen or
         individual resident of the United States, (2) a corporation,
         partnership or other entity organized in or under the laws of the
         United States, any state thereof or the District of Columbia or (3) a
         Person not

                                     D-2

<PAGE>

         described in (A)(1) or (2) whose ownership of the Trust
         Certificates is effectively connected with such Person's conduct of a
         trade or business within the United States (within the meaning of the
         Code) and its ownership of any interest in a Certificate will not
         result in any withholding obligation with respect to any payments
         with respect to the Trust Certificates by any Person (other than
         withholding, if any, under Section 1446 of the Code) or (B) an estate
         the income of which is includible in gross income for federal income
         tax purposes regardless of source or a trust if (1) the court within
         the United States is able to exercise primary supervision of the
         administration of such trust and one or more United States persons
         have the authority to control all substantial decisions of the Issuer
         or (2) such trust was in existence on August 20, 1996 and properly
         elected to continue to be treated as a United States person. We agree
         to provide a certification of non-foreign status signed under penalty
         of perjury and, alternatively, that if we are a Person described in
         clause (A)(3) above, we will furnish to the transferor and the Owner
         Trustee a properly executed IRS Form W-8ECI and a new IRS Form W-8ECI
         upon the expiration or obsolescence of any previously delivered form
         (and such other certifications, representations or Opinions of
         Counsel as may be requested by the transferor and the Owner Trustee).

                  5. We understand that the Depositor, the Owner Trustee, the
         Issuer, Merrill Lynch, Pierce, Fenner & Smith Incorporated and others
         will rely upon the truth and accuracy of the foregoing
         acknowledgments, representations and agreements, and we agree that if
         any of the acknowledgments, representations and warranties deemed to
         have been made by us by our purchase of the Certificates, for our own
         account or for one or more accounts as to each of which we exercise
         sole investment discretion, are no longer accurate, we shall promptly
         notify the Depositor, the Owner Trustee and Merrill Lynch, Pierce,
         Fenner & Smith Incorporated.

                  6. You are entitled to rely upon this letter and you are
         irrevocably authorized to produce this letter or a copy hereof to any
         interested party in any administrative or legal proceeding or
         official inquiry with respect to the matters covered hereby.

                                    Very truly yours,

                                    [NAME OF PURCHASER]

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

                                    Date:
                                        ---------------------------

                                     D-3Exhibit 10.1

                                                                EXECUTION COPY

                         SALE AND SERVICING AGREEMENT

                                     among

                 NATIONAL CITY AUTO RECEIVABLES TRUST 2002-A,
                                    Issuer,

                    NATIONAL CITY VEHICLE RECEIVABLES INC.,
                                  Depositor,

                              NATIONAL CITY BANK,
                Seller, Servicer, Administrator and Custodian,

                                      and

                             THE BANK OF NEW YORK,
                               Indenture Trustee

                           Dated as of March 1, 2002

<PAGE>

                               Table of Contents

                                                                          Page
                                                                          ----

                                   ARTICLE I
                                  DEFINITIONS

Section 1.01.   Definitions.................................................1
Section 1.02.   Other Definitional Provisions..............................20

                                  ARTICLE II
                           CONVEYANCE OF RECEIVABLES

Section 2.01.  Conveyance of Receivables...................................22

                                  ARTICLE III
                                THE RECEIVABLES

Section 3.01.  Representations and Warranties of the Seller................24
Section 3.02.  Representations and Warranties of the Depositor.............24
Section 3.03.  Repurchase Upon Breach......................................25
Section 3.04.  Custody of Receivable Files.................................25
Section 3.05.  Duties of Servicer as Custodian.............................25
Section 3.06.  Instructions; Authority to Act..............................26
Section 3.07.  Custodian's Indemnification.................................26
Section 3.08.  Effective Period and Termination............................27

                                  ARTICLE IV
                  ADMINISTRATION AND SERVICING OF RECEIVABLES

Section 4.01.  Duties of Servicer..........................................28
Section 4.02.  Collection of Receivable Payments; Modifications of
               Receivables.................................................29
Section 4.03.  Realization upon Receivables................................29
Section 4.04.  [Reserved]..................................................30
Section 4.05.  Maintenance of Security Interests in Financed Vehicles......30
Section 4.06.  Covenants of Servicer.......................................30
Section 4.07.  Purchase of Receivables Upon Breach.........................31
Section 4.08.  Servicing Fee...............................................31
Section 4.09.  Servicer's Certificate......................................31
Section 4.10.  Annual Statement as to Compliance; Notice of Servicer
               Termination Event...........................................32
Section 4.11.  Annual Independent Accountants' Report......................32
Section 4.12.  Access to Certain Documentation and Information Regarding
               Receivables.................................................32
Section 4.13.  Term of Servicer............................................33
Section 4.14.  Access to Information Regarding Trust and Basic Documents...33

                                      i
<PAGE>

                                   ARTICLE V
                 DISTRIBUTIONS; STATEMENTS TO SECURITYHOLDERS

Section 5.01.  Establishment of Accounts...................................34
Section 5.02.  Collections.................................................36
Section 5.03.  Application of Collections..................................36
Section 5.04.  Purchase Amounts............................................37
Section 5.05.  Permitted Withdrawals from Collection Account...............37
Section 5.06.  Distributions...............................................37
Section 5.07.  Reserve Account.............................................40
Section 5.08.  Statements to Securityholders...............................41

                                  ARTICLE VI
                                 THE DEPOSITOR

Section 6.01.  Representations of Depositor................................43
Section 6.02.  Corporate Existence.........................................44
Section 6.03.  Liability of Depositor; Indemnities.........................44
Section 6.04.  Merger or Consolidation of, or Assumption of the
               Obligations of, Depositor...................................44
Section 6.05.  Limitation on Liability of Depositor and Others.............45
Section 6.06.  Depositor May Own Securities................................45
Section 6.07.  Depositor to Provide Copies of Relevant Securities Filings..45
Section 6.08.  Amendment of Depositor's Organizational Documents...........45

                                  ARTICLE VII
                                 THE SERVICER

Section 7.01.  Representations of Servicer.................................46
Section 7.02.  Indemnities of Servicer.....................................47
Section 7.03.  Merger or Consolidation of, or Assumption of the
               Obligations of, Servicer....................................48
Section 7.04.  Limitation on Liability of Servicer and Others..............48
Section 7.05.  [Reserved]..................................................49
Section 7.06.  Servicer Not to Resign......................................49

                                 ARTICLE VIII
                                    DEFAULT

Section 8.01.  Servicer Termination Events.................................50
Section 8.02.  Consequences of a Servicer Termination Event................50
Section 8.03.  Appointment of Successor Servicer...........................51
Section 8.04.  Notification to Securityholders.............................52
Section 8.05.  Waiver of Past Defaults.....................................52

                                      ii
<PAGE>

                                  ARTICLE IX
                                  TERMINATION

Section 9.01.  Optional Purchase of All Receivables........................53

                                   ARTICLE X
                                 MISCELLANEOUS

Section 10.01. Amendment...................................................54
Section 10.02. Protection of Title to Trust................................55
Section 10.03. Notices.....................................................57
Section 10.04. Assignment by the Depositor or the Servicer.................57
Section 10.05. Limitations on Rights of Others.............................57
Section 10.06. Severability................................................57
Section 10.07. Counterparts................................................57
Section 10.08. Headings....................................................57
Section 10.09. GOVERNING LAW...............................................58
Section 10.10. Assignment by Issuer........................................58
Section 10.11. Nonpetition Covenants.......................................58
Section 10.12. Limitation of Liability of Owner Trustee and Indenture
               Trustee.....................................................58

Schedule A     [Reserved]
Schedule B     Final Schedule of Receivables
Schedule C     Location of Receivable Files

Exhibit A      Representations and Warranties of the Seller under
               Section 3.02 of the Receivables Purchase Agreement
Exhibit B      Form of Payment Date Statement to Securityholders
Exhibit C      Form of Servicer's Certificate
Exhibit D-1    Extension Policy
Exhibit D-2    Form of Dealer Agreement
Exhibit D-3    Form of Assignment
Exhibit E      [Reserved]
Exhibit F      Perfection Representations, Warranties and Covenants

                                     iii
<PAGE>

         This SALE AND SERVICING AGREEMENT, dated as of March 1, 2002, among
NATIONAL CITY AUTO RECEIVABLES TRUST 2002-A, a Delaware business trust (the
"Issuer"), NATIONAL CITY VEHICLE RECEIVABLES INC., a Delaware corporation (the
"Depositor"), NATIONAL CITY BANK, a national banking association, as servicer
(in such capacity, the "Servicer"), as seller to the Depositor (in such
capacity, the "Seller"), as administrator (in such capacity, the
"Administrator") and as custodian (in such capacity, the "Custodian") and THE
BANK OF NEW YORK, a New York banking corporation, as indenture trustee (the
"Indenture Trustee").

         WHEREAS, the Issuer desires to purchase from the Depositor a
portfolio of receivables arising in connection with motor vehicle retail
installment sale contracts and retail installment loans originated or
purchased by National City Bank in the ordinary course of its business and
sold by National City Bank to the Depositor;

         WHEREAS, the Depositor is willing to sell such receivables to the
Issuer;

         WHEREAS the Issuer is willing to pledge such receivables to the
Indenture Trustee; and

         WHEREAS, National City Bank is willing to service such receivables.

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

                                   ARTICLE I

                                  DEFINITIONS

         Section 1.01. Definitions. Whenever used in this Agreement, the
following words and phrases, unless the context otherwise requires, shall have
the following meanings:

         "Administration Agreement" shall mean the Owner Trust Administration
Agreement dated as of March 1, 2002, among National City Auto Receivables
Trust 2002-A, as the Trust, National City Bank, as Owner Trust Administrator,
and The Bank of New York, as Indenture Trustee.

         "Affiliate" means. as to any Person, any other Person controlling,
controlled by or under common control with such Person.

         "Aggregate Net Losses" means, for any Payment Date, the amount equal
to the aggregate Principal Balance of all Receivables that were designated as
Liquidated Receivables during the related Collection Period minus the
Liquidation Proceeds allocable to principal collected during such Collection
Period with respect to any Receivables designated as Liquidated Receivables
and minus any Recoveries allocable to principal collected during that
Collection Period with respect to any Receivable designated a Liquidated
Receivable.

         "Agreement" means this Sale and Servicing Agreement, as the same may
be amended or supplemented from time to time.

                                      1
<PAGE>

         "Amount Financed" means with respect to a Receivable, the amount
advanced under the Receivable toward the purchase price of the Financed
Vehicle and any related costs, exclusive of any amount allocable to the
premium of force-placed physical damage insurance covering the Financed
Vehicle.

         "Annual Percentage Rate" or "APR" of a Receivable means the annual
rate of interest stated in the related Contract.

         "Available Collections" means, for each Payment Date, the sum of the
following amounts with respect to the Collection Period preceding such Payment
Date: (a) that portion of all collections on the Receivables allocable to
interest, (b) that portion of all collections on the Receivables allocable to
principal, (c) Liquidation Proceeds for such Collection Period to the extent
allocable to interest, (d) Liquidation Proceeds for such Collection Period to
the extent allocable to principal, (e) the Purchase Amount of each Receivable
that became a Purchased Receivable during such Collection Period to the extent
attributable to accrued interest on such Receivable, (f) that portion
allocable to principal of the Purchase Amount of all Receivables that became
Purchased Receivables during or in respect of such Collection Period, (g)
Recoveries for such Collection Period, (h) Investment Earnings for the related
Payment Date, (i) Net Investment Losses required to be deposited by the
Servicer, and (j) partial prepayments of any refunded item included in the
principal balance of a Receivable, such as extended warranty protection plan
costs, or physical damage, credit life, disability insurance premiums, or any
partial prepayment which causes a reduction in the Obligor's periodic payment
to an amount below the Scheduled Payment as of the Cut-off Date; provided,
however, that in calculating the Available Collections the following will be
excluded: (a) all payments and proceeds (including Liquidation Proceeds) of
any Receivables the Purchase Amount of which has been included in the
Available Funds in a prior Collection Period; and (b) any late fees,
prepayment charges and other administrative fees and expenses or similar
charges allowed by applicable law and the terms of the Receivables, collected
by and payable to the Servicer during the related Collection Period.

         "Available Funds" means, for each Payment Date, the sum of (a) the
Available Collections for such Payment Date and (b) the Reserve Account
Withdrawal Amount, if any, for such Payment Date.

         "Average Net Loss Ratio" means, for any Payment Date, the average of
the Net Loss Ratios for such Payment Date and the preceding two Payment Dates.

         "Basic Documents" means the Trust Agreement, the Indenture, this
Agreement, the Receivables Purchase Agreement, the Administration Agreement,
the Securities Account Control Agreement and the Note Depository Agreement and
other documents and certificates delivered in connection therewith.

         "Business Day" means any day other than a Saturday, a Sunday, a legal
holiday or any other day on which national banking institutions or commercial
banking institutions in the States of New York, Ohio or Delaware are
authorized or required by law, executive order or governmental decree to be
closed.

                                      2
<PAGE>

         "Certificate" means a certificate evidencing the beneficial interest
of a Certificateholder in the Trust, executed and countersigned as provided in
the Trust Agreement and substantially in the form set forth in Exhibit A
therein.

         "Certificate Distribution Account" has the meaning assigned to such
term in the Trust Agreement.

         "Certificateholder" or "Holder" shall mean a Person in whose name a
Certificate is registered.

         "Class" means any one of the classes of Notes.

         "Class A Monthly Principal Distributable Amount" means, with respect
to any Payment Date, the sum of (a) the lesser of (i) the Monthly Principal
Distributable Amount or (ii) the excess of the Outstanding Amount of the Class
A-1 Notes on that Payment Date over any Class A Principal Carryover Shortfall
(in each case, before giving effect to any payments made to Holders of the
Class A Notes on that Payment Date) and (b) the Class A Percentage of the
Monthly Principal Distributable Amount reduced by amounts allocated in clause
(a) of this definition; provided, however, that the Class A Monthly Principal
Distributable Amount shall not exceed the excess of the Outstanding Amount of
the Class A Notes over the Class A Principal Carryover Shortfall.

         "Class A Note" means any Class A-1 Note, Class A-2 Note, Class A-3
Note or Class A-4 Note.

         "Class A Noteholders' Interest Distributable Amount" means, with
respect to any Payment Date, the sum of the Class A-1 Interest Distributable
Amount for such Payment Date, the Class A-2 Interest Distributable Amount for
such Payment Date, the Class A-3 Interest Distributable Amount for such
Payment Date and, the Class A-4 Interest Distributable Amount for such Payment
Date.

         "Class A Percentage" means a fraction, expressed as a percentage, the
numerator of which is the sum of the Initial Class A-2 Note Balance, the
Initial Class A-3 Note Balance and the Initial Class A-4 Note Balance, and the
denominator of which is the sum of the Initial Class A-2 Note Balance, the
Initial Class A-3 Note Balance, the Initial Class A-4 Note Balance, the
Initial Class B Note Balance and the Initial Class C Note Balance; provided,
however, that, unless the Class A Notes have been paid in full, for any
Payment Date as of which the Average Net Loss Ratio is greater than or equal
to 4.50%, the Class A Percentage shall be 100%; provided further that, on any
Payment Date after the Class A Notes have been paid in full, the Class A
Percentage shall be 0%.

         "Class A Principal Carryover Shortfall" means, with respect to any
Payment Date after the initial Payment Date, the amount, if any, by which the
sum of the Class A Monthly Principal Distributable Amount for the preceding
Payment Date and any outstanding Class A Principal Carryover Shortfall on that
preceding Payment Date exceeds the amount in respect of principal on the Class
A Notes actually paid to the Class A Noteholders on that preceding Payment
Date.

                                      3
<PAGE>

         "Class A Principal Distributable Amount" means, with respect to any
Payment Date, the sum of the Class A Monthly Principal Distributable Amount
for that Payment Date and the Class A Principal Carryover Shortfall for that
Payment Date; provided, however, that the Class A Principal Distributable
Amount on any Payment Date shall not exceed the Outstanding Amount of the
Class A Notes on that Payment Date; and provided further that, on the Final
Scheduled Payment Date of any Class of Class A Notes, the Class A Principal
Distributable Amount shall not be less than the amount that is necessary to
pay that class of Class A Notes in full.

         "Class A Uncapped Monthly Principal Distributable Amount" means, with
respect to any Payment Date, the sum of (a) the lesser of (i) the Monthly
Principal Distributable Amount (ii) the excess of the Outstanding Amount of
the Class A-1 Notes on that Payment Date over any Class A Principal Carryover
Shortfall (in each case, before giving effect to any payments made to Holders
of the Class A Notes on that Payment Date) and (b) the Class A Percentage of
the Monthly Principal Distributable Amount reduced by amounts allocated in
clause (a) of this definition.

         "Class A-1 Final Scheduled Payment Date" means the Payment Date in
March 2003.

         "Class A-1 Interest Carryover Shortfall" means, with respect to any
Payment Date, the amount, if any, by which the sum of the Class A-1 Monthly
Interest Distributable Amount for the preceding Payment Date and any
outstanding Class A-1 Interest Carryover Shortfall on such preceding Payment
Date exceeds the amount in respect of interest for the Class A-1 Notes
actually deposited in the Note Interest Distribution Account on such preceding
Payment Date, plus interest on the amount of interest due but not paid to the
Class A-1 Noteholders on such preceding Payment Date, to the extent permitted
by law, at the Class A-1 Rate.

         "Class A-1 Interest Distributable Amount" means, with respect to any
Payment Date, the sum of the Class A-1 Monthly Interest Distributable Amount
for such Payment Date and the Class A-1 Interest Carryover Shortfall for such
Payment Date.

         "Class A-1 Monthly Interest Distributable Amount" means, with respect
to any Payment Date, interest accrued from and including the prior Payment
Date (or, in the case of the first Payment Date, from and including the
Closing Date) to and including the day immediately prior to such Payment Date,
on the Class A-1 Notes at the Class A-1 Rate on the Outstanding Amount of the
Class A-1 Notes on the immediately preceding Payment Date (or, in the case of
the first Payment Date, the Closing Date), after giving effect to all
distributions of principal to the Class A-1 Noteholders on or prior to such
preceding Payment Date. For all purposes of this Agreement and the other Basic
Documents, interest with respect to the Class A-1 Notes shall be computed on
the basis of the actual number of days in the related Interest Period and a
360-day year.

         "Class A-1 Note Balance" means, as of any date of determination, the
Initial Class A-1 Note Balance less all amounts distributed to Class A-1
Noteholders on or prior to such date and allocable to principal.

                                      4
<PAGE>

         "Class A-1 Noteholder" means the Person in whose name a Class A-1
Note is registered in the Note Register.

         "Class A-1 Notes" means the 2.04% Asset Backed Notes, Class A-1,
substantially in the form of Exhibit A-1 to the Indenture.

         "Class A-1 Rate" means 2.04% per annum.

         "Class A-2 Final Scheduled Payment Date" means the Payment Date in
January 2005.

         "Class A-2 Interest Carryover Shortfall" means, with respect to any
Payment Date, the amount, if any, by which the sum of the Class A-2 Monthly
Interest Distributable Amount for the preceding Payment Date and any
outstanding Class A-2 Interest Carryover Shortfall on such preceding Payment
Date exceeds the amount in respect of interest for the Class A-2 Notes
actually deposited in the Note Interest Distribution Account on such preceding
Payment Date, plus interest on the amount of interest due but not paid to the
Class A-2 Noteholders on such preceding Payment Date, to the extent permitted
by law, at the Class A-2 Rate.

         "Class A-2 Interest Distributable Amount" means, with respect to any
Payment Date, the sum of the Class A-2 Monthly Interest Distributable Amount
for such Payment Date and the Class A-2 Interest Carryover Shortfall for such
Payment Date.

         "Class A-2 Monthly Interest Distributable Amount" means, with respect
to any Payment Date, interest accrued from and including the 15th day of the
preceding calendar month (or, in the case of the first Payment Date, from and
including the Closing Date) to and including the 14th day of the calendar
month in which such Payment Date occurs, on the Class A-2 Notes at the Class
A-2 Rate on the Outstanding Amount of the Class A-2 Notes on the immediately
preceding Payment Date (or, in the case of the first Payment Date, the Closing
Date), after giving effect to all distributions of principal to the Class A-2
Noteholders on or prior to such preceding Payment Date. For all purposes of
this Agreement and the other Basic Documents, interest with respect to the
Class A-2 Notes shall be computed on the basis of a 360-day year consisting of
twelve 30-day months.

         "Class A-2 Noteholder" means the Person in whose name a Class A-2
Note is registered in the Note Register.

         "Class A-2 Notes" means the 3.00% Asset Backed Notes, Class A-2,
substantially in the form of Exhibit A-2 to the Indenture.

         "Class A-2 Rate" means 3.00% per annum.

         "Class A-3 Final Scheduled Payment Date" means the Payment Date in
July 2006.

         "Class A-3 Interest Carryover Shortfall" means, with respect to any
Payment Date, the amount, if any, by which the sum of the Class A-3 Monthly
Interest Distributable Amount for the preceding Payment Date and any
outstanding Class A-3 Interest Carryover Shortfall on such preceding Payment
Date exceeds the amount in respect of interest for the Class A-3 Notes

                                      5
<PAGE>

actually deposited in the Note Interest Distribution Account on such preceding
Payment Date, plus interest on the amount of interest due but not paid to the
Class A-3 Noteholders on such preceding Payment Date, to the extent permitted
by law, at the Class A-3 Rate.

         "Class A-3 Interest Distributable Amount" means, with respect to any
Payment Date, the sum of the Class A-3 Monthly Interest Distributable Amount
for such Payment Date and the Class A-3 Interest Carryover Shortfall for such
Payment Date.

         "Class A-3 Monthly Interest Distributable Amount" means, with respect
to any Payment Date, interest accrued from and including the 15th day of the
preceding calendar month (or, in the case of the first Payment Date, from and
including the Closing Date) to and including the 14th day of the calendar
month in which such Payment Date occurs, on the Class A-3 Notes at the Class
A-3 Rate on the Outstanding Amount of the Class A-3 Notes on the immediately
preceding Payment Date (or, in the case of the first Payment Date, the Closing
Date), after giving effect to all distributions of principal to the Class A-3
Noteholders on or prior to such preceding Payment Date. For all purposes of
this Agreement and the other Basic Documents, interest with respect to the
Class A-3 Notes shall be computed on the basis of a 360-day year consisting of
twelve 30-day months.

         "Class A-3 Noteholder" means the Person in whose name a Class A-3
Note is registered in the Note Register.

         "Class A-3 Notes" means the 4.04% Asset Backed Notes, Class A-3,
substantially in the form of Exhibit A-3 to the Indenture.

         "Class A-3 Rate" means 4.04% per annum.

         "Class A-4 Final Scheduled Payment Date" means the Payment Date in
August 2009.

         "Class A-4 Interest Carryover Shortfall" means, with respect to any
Payment Date, the amount, if any, by which the sum of the Class A-4 Monthly
Interest Distributable Amount for the preceding Payment Date and any
outstanding Class A-4 Interest Carryover Shortfall on such preceding Payment
Date exceeds the amount in respect of interest for the Class A-4 Notes
actually deposited in the Note Interest Distribution Account on such preceding
Payment Date, plus interest on the amount of interest due but not paid to the
Class A-4 Noteholders on such preceding Payment Date, to the extent permitted
by law, at the Class A-4 Rate.

         "Class A-4 Interest Distributable Amount" means, with respect to any
Payment Date, the sum of the Class A-4 Monthly Interest Distributable Amount
for such Payment Date and the Class A-4 Interest Carryover Shortfall for such
Payment Date.

         "Class A-4 Monthly Interest Distributable Amount" means, with respect
to any Payment Date, interest accrued from and including the 15th day of the
preceding calendar month (or, in the case of the first Payment Date, from and
including the Closing Date) to and including the 14th day of the calendar
month in which such Payment Date occurs, on the Class A-4 Notes at the Class
A-4 Rate on the Outstanding Amount of the Class A-4 Notes on the immediately
preceding Payment Date (or, in the case of the first Payment Date, the Closing
Date), after giving

                                      6
<PAGE>

effect to all distributions of principal to the Class A-4 Noteholders on
or prior to such preceding Payment Date. For all purposes of this Agreement
and the other Basic Documents, interest with respect to the Class A-4 Notes
shall be computed on the basis of a 360-day year consisting of twelve 30-day
months.

         "Class A-4 Noteholder" means the Person in whose name a Class A-4
Note is registered in the Note Register.

         "Class A-4 Notes" means the 4.83% Asset Backed Notes, Class A-4,
substantially in the form of Exhibit A-4 to the Indenture.

         "Class A-4 Rate" means 4.83% per annum.

         "Class B Final Scheduled Payment Date" means the Payment Date in
August 2009.

         "Class B Interest Carryover Shortfall" means, with respect to any
Payment Date, the amount, if any, by which the sum of the Class B Monthly
Interest Distributable Amount for the preceding Payment Date and any
outstanding Class B Interest Carryover Shortfall on such preceding Payment
Date exceeds the amount in respect of interest for the Class B Notes actually
deposited in the Note Interest Distribution Account on such preceding Payment
Date, plus interest on the amount of interest due but not paid to the Class B
Noteholders on such preceding Payment Date, to the extent permitted by law, at
the Class B Rate.

         "Class B Monthly Interest Distributable Amount" means, with respect
to any Payment Date, interest accrued from and including the 15th day of the
preceding calendar month (or, in the case of the first Payment Date, from and
including the Closing Date) to and including the 14th day of the calendar
month in which such Payment Date occurs, on the Class B Notes at the Class B
Rate on the Outstanding Amount of the Class B Notes on the immediately
preceding Payment Date (or, in the case of the first Payment Date, the Closing
Date), after giving effect to all distributions of principal to the Class B
Noteholders on or prior to such preceding Payment Date. For all purposes of
this Agreement and the other Basic Documents, interest with respect to the
Class B Notes shall be computed on the basis of a 360-day year consisting of
twelve 30-day months.

         "Class B Monthly Principal Distributable Amount" means with respect
to any Payment Date, the sum of (a) the Class B Percentage of an amount equal
to (i) the Monthly Principal Distributable Amount for that Payment Date less,
(ii) the amount allocated in clause (a) of the definition of "Class A Monthly
Principal Distributable Amount" and (b) the excess, if any, of the Class A
Uncapped Monthly Principal Distributable Amount over the Class A Monthly
Principal Distributable Amount; provided, however, that the Class B Monthly
Principal Distributable Amount shall not exceed the excess of the Outstanding
Amount of the Class B Notes over the Class B Principal Carryover Shortfall.

         "Class B Noteholder" means the Person in whose name a Class B Note is
registered in the Note Register.

                                      7
<PAGE>

         "Class B Noteholders' Interest Distributable Amount" means, with
respect to any Payment Date, the sum of the Class B Monthly Interest
Distributable Amount for such Payment Date and the Class B Interest Carryover
Shortfall for such Payment Date.

         "Class B Notes" means the 3.62% Asset Backed Notes, Class B,
substantially in the form of Exhibit B to the Indenture.

         "Class B Percentage" means a fraction, expressed as a percentage, the
numerator of which is the Initial Class B Note Balance, and the denominator of
which is the sum of the Initial Class A-2 Note Balance, the Initial Class A-3
Note Balance, the Initial Class A-4 Note Balance, the Initial Class B Note
Balance and the Initial Class C Note Balance; provided, however, on any
Payment Date as of which the Average Net Loss Ratio is greater than or equal
to 4.50%, if the Class A Notes have been paid in full, the Class B Percentage
shall be 100%; otherwise, the Class B Percentage shall be zero.
Notwithstanding the above, on any Payment Date after the Class A Notes have
been paid in full and the Average Net Loss Ratio is less than 4.50%, the Class
B Percentage means a fraction, expressed as a percentage, the numerator of
which is the sum of the Initial Class A-2 Note Balance, the Initial Class A-3
Note Balance, the Initial Class A-4 Note Balance and the Initial Class B Note
Balance, and the denominator of which is the sum of the Initial Class A-2 Note
Balance, the Initial Class A-3 Note Balance, the Initial Class A-4 Note
Balance, the Initial Class B Note Balance and the Initial Class C Note
Balance; provided that, on any Payment Date after the Class B Notes have been
paid in full, the Class B Percentage shall be zero.

         "Class B Principal Carryover Shortfall" means, with respect to any
Payment Date after the initial Payment Date, the amount, if any, by which the
sum of the Class B Monthly Principal Distributable Amount for the preceding
Payment Date and any outstanding Class B Principal Carryover Shortfall on that
preceding Payment Date exceeds the amount in respect of principal on the Class
B Notes actually paid to the Class B Noteholders on that preceding Payment
Date.

         "Class B Principal Distributable Amount" means, with respect to any
Payment Date, the sum of the Class B Monthly Principal Distributable Amount
for that Payment Date and the Class B Principal Carryover Shortfall for that
Payment Date; provided, however, that the Class B Principal Distributable
Amount on any Payment Date shall not exceed the Outstanding Amount of the
Class B Notes on that Payment Date; and provided further that, on the Final
Scheduled Payment Date of the Class B Notes, the Class B Principal
Distributable Amount shall not be less than the amount that is necessary to
pay the Class B Notes in full.

         "Class B Rate" means 3.62% per annum.

         "Class C Final Scheduled Payment Date" means the Payment Date in
August 2009.

         "Class C Interest Carryover Shortfall" means, with respect to any
Payment Date, the amount, if any, by which the sum of the Class C Monthly
Interest Distributable Amount for the preceding Payment Date and any
outstanding Class C Interest Carryover Shortfall on such preceding Payment
Date exceeds the amount in respect of interest for the Class C Notes actually
deposited in the Note Interest Distribution Account on such preceding Payment
Date, plus

                                      8
<PAGE>

interest on the amount of interest due but not paid to the Class C
Noteholders on such preceding Payment Date, to the extent permitted by law, at
the Class C Rate.

         "Class C Monthly Interest Distributable Amount" means, with respect
to any Payment Date, interest accrued from and including the 15th day of the
preceding calendar month (or, in the case of the first Payment Date, from and
including the Closing Date) to and including the 14th day of the calendar
month in which such Payment Date occurs, on the Class C Notes at the Class C
Rate on the Outstanding Amount of the Class C Notes on the immediately
preceding Payment Date (or, in the case of the first Payment Date, the Closing
Date), after giving effect to all distributions of principal to the Class C
Noteholders on or prior to such preceding Payment Date. For all purposes of
this Agreement and the other Basic Documents, interest with respect to the
Class C Notes shall be computed on the basis of a 360-day year consisting of
twelve 30-day months.

         "Class C Monthly Principal Distributable Amount" means with respect
to any Payment Date, the sum of (a) the Monthly Principal Distributable
Amount, less (b) the Class A Monthly Principal Distributable Amount, less (c)
the Class B Monthly Principal Distributable Amount.

         "Class C Noteholder" means the Person in whose name a Class C Note is
registered in the Note Register.

         "Class C Noteholders' Interest Distributable Amount" means, with
respect to any Payment Date, the sum of the Class C Monthly Interest
Distributable Amount for such Payment Date and the Class C Interest Carryover
Shortfall for such Payment Date.

         "Class C Notes" means the 4.52% Asset Backed Notes, Class C,
substantially in the form of Exhibit C to the Indenture.

         "Class C Principal Carryover Shortfall" means, with respect to any
Payment Date after the initial Payment Date, the amount, if any, by which the
sum of the Class C Monthly Principal Distributable Amount for the preceding
Payment Date and any outstanding Class C Principal Carryover Shortfall on that
preceding Payment Date exceeds the amount in respect of principal on the Class
C Notes actually paid to the Class C Noteholders on that preceding Payment
Date.

         "Class C Principal Distributable Amount" means, with respect to any
Payment Date, the sum of the Class C Monthly Principal Distributable Amount
for that Payment Date and the Class C Principal Carryover Shortfall for that
Payment Date; provided, however, that the Class C Principal Distributable
Amount on any Payment Date shall not exceed the Outstanding Amount of the
Class C Notes on that Payment Date: and provided further that, on the Final
Scheduled Payment Date of the Class C Notes, the Class C Principal
Distributable Amount shall not be less than the amount that is necessary to
pay the Class C Notes in full.

         "Class C Rate" means 4.52% per annum.

         "Closing Date" means March 27, 2002.

         "Collateral" has the meaning specified in the Granting Clause of the
Indenture.

                                      9
<PAGE>

         "Collection Account" means the account designated as such,
established and maintained pursuant to Section 5.01(a).

         "Collection Period" means with respect to any Payment Date, the
calendar month preceding such Payment Date. Any amount stated as of the last
day of a Collection Period or as of the first day of a Collection Period shall
give effect to the following calculations as determined as of the close of
business on such last day: (i) all applications of collections and (ii) all
distributions to be made on the following Payment Date.

         "Contract" means a motor vehicle retail installment sale contract or
a motor vehicle retail installment loan contract, including, without
limitation, the provisions thereof constituting a security agreement.

         "Controlling Party" means (i) if the Notes have not been paid in
full, the Indenture Trustee acting at the direction of at least a majority in
Outstanding Amount of the Noteholders and (ii) if the Notes have been paid in
full, the Owner Trustee for the benefit of the Holders of the Certificates.

         "Conveyed Assets" shall have the meaning set forth in Section 2.01.

         "Corporate Trust Administration Department" shall have the meaning
set forth in the Trust Agreement.

         "Corporate Trust Office" shall have the meaning set forth in the
Indenture.

         "Cram Down Loss" means any loss resulting from an order issued by a
court of appropriate jurisdiction in an insolvency proceeding that reduces the
amount owed on a Receivable or otherwise modifies or restructures the
scheduled payments to be made thereon. The amount of any such Cram Down Loss
will equal the excess of (i) the principal balance of the Receivable
immediately prior to such order over (ii) the principal balance of such
Receivable as so reduced, modified or restructured. A Cram Down Loss will be
deemed to have occurred on the date on which the Servicer receives notice of
such order.

         "Custodian" means National City Bank, in its capacity as custodian of
the Receivables.

         "Cutoff Date" means the beginning of business on March 1, 2002.

         "Dealer" means the dealer that sold a Financed Vehicle and through
which National City originated the related Receivable or that originated the
related Receivable and assigned it to National City pursuant to a Dealer
Agreement or form of assignment, as applicable.

         "Dealer Agreement" means an agreement between National City and a
Dealer pursuant to which such Dealer sells Contracts to National City or
National City originates Contracts through such Dealer, substantially in the
form of Exhibit D-2 hereto.

         "Delivery" when used with respect to Trust Account Property means:

                                     10
<PAGE>

         (a) with respect to any "instruments" within the meaning of Section
9-102(a)(47) of the UCC and are susceptible of physical delivery, transfer
thereof to the Indenture Trustee by physical delivery to the Indenture Trustee
endorsed to, or registered in the name of, the Indenture Trustee or endorsed
in blank, and, with respect to a certificated security (as defined in Section
8-102 of the UCC) transfer thereof (i) by delivery of such certificated
security endorsed to, or registered in the name of, the Indenture Trustee or
(ii) by delivery thereof to a "clearing corporation" (as defined in Section
8-102 of the UCC) and the making by such clearing corporation of appropriate
entries on its books reducing the appropriate securities account of the
transferor and increasing the appropriate securities account of the Indenture
Trustee by the amount of such certificated security and the identification by
the clearing corporation of the certificated securities for the sole and
exclusive account of the Indenture Trustee (all of the foregoing, "Physical
Property"), and, in any event, any such Physical Property in registered form
shall be in the name of the Indenture Trustee or its nominee; and such
additional or alternative procedures as may hereafter become appropriate to
effect the complete transfer of ownership of any such Trust Account Property
to the Indenture Trustee or its nominee or custodian, consistent with changes
in applicable law or regulations or the interpretation thereof;

         (b) with respect to any security issued by the U.S. Treasury, the
Federal Home Loan Mortgage Corporation or by the Federal National Mortgage
Association that is a book-entry security held through the Federal Reserve
System pursuant to federal book-entry regulations, the following procedures,
all in accordance with applicable law, including applicable federal
regulations and Articles 8 and 9 of the UCC: book-entry registration of such
Trust Account Property to an appropriate book-entry account maintained with a
Federal Reserve Bank by a securities intermediary that is also a "depository"
pursuant to applicable federal regulations; the making by such securities
intermediary of entries in its books and records crediting such Trust Account
Property to the Indenture Trustee's security account at the securities
intermediary and continuously identifying such book-entry security held
through the Federal Reserve System pursuant to federal book-entry regulations
as belonging to the Indenture Trustee; and such additional or alternative
procedures as may hereafter become appropriate to effect complete transfer of
ownership of any such Trust Account Property to the Indenture Trustee,
consistent with changes in applicable law or regulations or the interpretation
thereof;

         (c) with respect to any item of Trust Account Property that is an
uncertificated security under Article 8 of the UCC and that is not governed by
clause (b) above, registration on the books and records of the issuer thereof
in the name of the Indenture Trustee or its nominee or custodian who either
(i) becomes the registered owner on behalf of the Indenture Trustee or (ii)
having previously become the registered owner, acknowledges in writing that it
holds for the Indenture Trustee; and

         (d) with respect to any item of Trust Account Property that is a
security entitlement causing the securities intermediary to indicate on its
books and records that such security entitlement has been credited to a
securities account of the Indenture Trustee.

         "Depositor" means National City Vehicle Receivables Inc. and its
successors in interest.

                                      11
<PAGE>

         "Determination Date" means, with respect to each Payment Date, the
earlier of (i) the eleventh calendar day of the month in which such Payment
Date occurs (or if such eleventh day is not a Business Day, the next
succeeding Business Day) and (ii) the third Business Day preceding such
Payment Date.

         "Eligible Deposit Account" means either (a) a segregated account with
an Eligible Institution or (b) a segregated trust account with the corporate
trust department of a depository institution organized under the laws of the
United States of America or any State, having corporate trust powers and
acting as trustee for funds deposited in such account, so long as any of the
securities of such depository institution shall have a credit rating from each
Rating Agency in one of its generic rating categories that signifies
investment grade.

         "Eligible Institution" means (a) the corporate trust department of
the Indenture Trustee or the Owner Trustee or (b) a depository institution
organized under the laws of the United States of America or any State, that
(i) has either (A) a long-term unsecured debt rating of at least "AA-" by
Standard & Poor's and "A2" by Moody's or (B) a short-term unsecured debt
rating or certificate of deposit rating of at least "A-1+" by Standard &
Poor's and "Prime-1" by Moody's and (ii) the deposits of which are insured by
the FDIC.

         "Eligible Investments" means securities, negotiable instruments or
security entitlements, excluding any security with an "r" attached to the
rating thereof, that evidence:

         (a) direct obligations of, and obligations fully guaranteed as to the
full and timely payment by, the United States of America;

         (b) demand deposits, time deposits or certificates of deposit of any
depository institution or trust company incorporated under the laws of the
United States of America or any State (or any domestic branch of a foreign
bank) and subject to supervision and examination by federal or state banking
or depository institution authorities; provided, however, that at the time of
the investment or contractual commitment to invest therein, the commercial
paper or other short-term unsecured debt obligations (other than such
obligations the rating of which is based on the credit of a Person other than
such depository institution or trust company) thereof shall have a credit
rating from each Rating Agency in the highest investment category granted
thereby;

         (c) commercial paper having, at the time of the investment or
contractual commitment to invest therein, a rating from each Rating Agency in
the highest investment category granted thereby;

         (d) investments in money market funds having a rating from each
Rating Agency in the highest investment category granted thereby (including
funds for which the Indenture Trustee or the Owner Trustee or any of their
respective Affiliates is investment manager or advisor);

         (e) bankers' acceptances issued by any depository institution or
trust company referred to in clause (b) above;

         (f) repurchase obligations with respect to any security that is a
direct obligation of, or fully guaranteed by, the United States of America or
any agency or instrumentality thereof the

                                      12
<PAGE>

obligations of which are backed by the full faith and credit of the
United States of America, in either case entered into with a depository
institution or trust company (acting as principal) described in clause (b)
above; and

         (g) any other investment with respect to which the Rating Agency
Condition is met and the Issuer, the Indenture Trustee or the Servicer has
received written notification from each Rating Agency that the acquisition of
such investment will not result in a reduction, withdrawal or downgrade of the
then-current rating of any Class of Notes.

         "Eligible Servicer" means National City or any other Person that at
the time of its appointment as Servicer (i) is servicing a portfolio of motor
vehicle retail installment sale contracts or motor vehicle installment loans,
(ii) is legally qualified and has the capacity to service the Receivables,
(iii) has demonstrated the ability professionally and competently to service a
portfolio of motor vehicle retail installment sale contracts or motor vehicle
installment loans similar to the Receivables with reasonable skill and care
and (iv) has a minimum net worth of $50,000,000.

         "Extension Policy" shall mean the policies of the Servicer with
respect to granting extensions on the Contracts as set forth on Exhibit D-1
hereto.

         "FDIC" means the Federal Deposit Insurance Corporation, and its
successors.

         "Final Scheduled Payment Date" means the Class A-1 Final Scheduled
Payment Date, the Class A-2 Final Scheduled Payment Date, the Class A-3 Final
Scheduled Payment Date, the Class A-4 Final Scheduled Payment Date, the Class
B Final Scheduled Payment Date or the Class C Final Scheduled Payment Date, as
applicable.

         "Financed Vehicle" means a new or used automobile, light-duty truck,
van, minivan or sport utility vehicle, together with all accessions thereto,
securing an Obligor's indebtedness under the related Contract.

         "First Priority Principal Distribution Amount" means, with respect to
any Payment Date, the excess, if any, of (x) the aggregate Outstanding Amount
of the Class A Notes (as of the day immediately preceding such Payment Date)
over (y) the Pool Balance for such Payment Date.

         "Fitch" means Fitch Ratings, Inc. or any successor thereto.

         "Indenture" means the Indenture, dated as of March 1, 2002, between
the Issuer and the Indenture Trustee.

         "Indenture Trustee" means the Person acting as Indenture Trustee
under the Indenture, its successors in interest and any successor trustee
under the Indenture.

         "Initial Class A-1 Note Balance" means $229,500,000.

         "Initial Class A-2 Note Balance" means $230,000,000.

                                      13
<PAGE>

         "Initial Class A-3 Note Balance" means $321,000,000.

         "Initial Class A-4 Note Balance" means $266,235,000.

         "Initial Class B Note Balance" means $47,200,000.

         "Initial Class C Note Balance" means $16,659,100.

         "Initial Pool Balance" means an amount equal to the aggregate
Principal Balance, as of the Cutoff Date, of the Receivables listed on
Schedule B hereto.

         "Insolvency Event" means, with respect to a specified Person, (a) the
filing of a decree or order for relief by a court having jurisdiction in the
premises in respect of such Person or any substantial part of its property in
an involuntary case under any applicable federal or state bankruptcy,
insolvency or other similar law now or hereafter in effect, or appointing a
receiver, liquidator, assignee, custodian, trustee, sequestrator or similar
official for such Person or for any substantial part of its property, or
ordering the winding-up or liquidation of such Person's affairs, and such
decree or order shall remain unstayed and in effect for a period of 60
consecutive days; or (b) the commencement by such Person of a voluntary case
under any applicable federal or state bankruptcy, insolvency or other similar
law now or hereafter in effect, or the consent by such Person to the entry of
an order for relief in an involuntary case under any such law, or the consent
by such Person to the appointment of or taking possession by a receiver,
liquidator, assignee, custodian, trustee, sequestrator or similar official for
such Person or for any substantial part of its property, or the making by such
Person of any general assignment for the benefit of creditors, or the failure
by such Person generally to pay its debts as such debts become due, or the
taking of action by such Person in furtherance of any of the foregoing.

         "Interest Period" means, with respect to the Class A-1 Notes, the
period from and including the most recent Payment Date on which interest has
been paid (or, in the case of the first Payment Date, the Closing Date) to and
including the day before the Payment Date and, with respect to the Class A-2
Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes and the
Class C Notes, the period from and including the 15th day of the preceding
calendar month (or, in the case of the first Payment Date, the Closing Date)
to and including the 14th day of the calendar month in which such Payment Date
occurs.

         "Investment Earnings" means, with respect to any Payment Date, the
investment earnings (net of losses and investment expenses) on amounts on
deposit in a Trust Account (other than the Collection Account) to be applied
on such Payment Date pursuant to Section 5.01(g).

         "Issuer" means National City Auto Receivables Trust 2002-A.

         "Lien" means a security interest, lien, charge, pledge, equity or
encumbrance of any kind, other than tax liens, mechanics' liens and any liens
that attach to the respective Receivable by operation of law as a result of
any act or omission by the related Obligor.

         "Liquidated Receivable" means a Receivable with respect to which the
earliest of the following shall have occurred: (i) the related Financed
Vehicle has been repossessed and

                                      14
<PAGE>

liquidated, (ii) the Servicer has determined in accordance with its
collection policies that all amounts that it expects to receive with respect
to the Receivable have been received or (iii) the end of the Collection Period
in which the Receivable becomes 120 days or more past due.

         "Liquidation Proceeds" means, with respect to any Receivable that
becomes a Liquidated Receivable, the moneys collected in respect thereof, from
whatever source, during or after the Collection Period in which such
Receivable became a Liquidated Receivable, including liquidation of the
related Financed Vehicle, net of the sum of any out-of-pocket expenses of the
Servicer reasonably allocated to such liquidation and any amounts required by
law to be remitted to the Obligor on such Liquidated Receivable.

         "Minimum Required Rating" means, with respect to National City, a
short-term unsecured debt rating equal to or greater than "Prime-1" by Moody's
and "A-1" by Standard & Poor's.

         "Monthly Principal Distributable Amount" means, for any Payment Date,
an amount equal to the excess, if any, of (a) the Pool Balance as of the first
day of the related Collection Period (before giving effect to any reduction in
the Pool Balance on that day) over (b) the Pool Balance as of the last day of
the related Collection Period (after giving effect to any reduction in the
Pool Balance on that day); provided, however, that the Monthly Principal
Distributable Amount shall not be greater on any Payment Date than the excess
of (a) (i) the Note Balance on that Payment Date (before giving effect to any
payments made to Noteholders on that Payment Date) minus (ii) the aggregate of
the Class A Principal Carryover Shortfall, the Class B Principal Carryover
Shortfall and the Class C Principal Carryover Shortfall for that Payment Date,
over (b) the Pool Balance as of the last day of the related Collection Period
(after giving effect to any reduction in the Pool Balance on that day).

         "Moody's" means Moody's Investors Service, Inc., and its successors.

         "National City" means National City Bank, a national banking
association.

         "Net Investment Losses" means, with respect to a Trust Account and
any Collection Period, the amount, if any, by which the aggregate of all
losses and expenses incurred during such period in connection with the
investment of funds in Eligible Investments in accordance with Section 5.01(g)
exceeds the aggregate of all interest and other income realized during such
period on such funds.

         "Net Loss Ratio" means, for any Payment Date, the ratio expressed as
an annualized percentage of (i) the Aggregate Net Losses for such Payment
Date, to (ii) the Pool Balance on the last day of the second Collection Period
preceding the Collection Period in which such Payment Date occurs.

         "Note Balance" means, as of any date of determination, an amount
equal to the sum of (i) the Initial Class A-1 Note Balance, (ii) the Initial
Class A-2 Note Balance, (iii) the Initial Class A-3 Note Balance, (iv) the
Initial Class A-4 Note Balance, (v) the Initial Class B Note Balance and the
Initial Class C Note Balance, less all amounts distributed to Noteholders on
or prior to such date and allocable to principal.

                                      15
<PAGE>

         "Note Interest Distribution Account" means the account designated as
such, established and maintained pursuant to Section 5.01(b).

         "Note Pool Factor" means, with respect to each Class of Notes as of
the close of business on the last day of a Collection Period, a seven-digit
decimal figure equal to the Outstanding Amount of such Class of Notes (after
giving effect to any reductions thereof to be made on the immediately
following Payment Date) divided by the original Outstanding Amount of such
Class of Notes. The Note Pool Factor will be 1.0000000 as of the Closing Date;
thereafter, the Note Pool Factor will decline to reflect reductions in the
Outstanding Amount of such Class of Notes.

         "Notes" shall mean the Class A-1 Notes, the Class A-2 Notes, the
Class A-3 Notes, the Class A-4 Notes, the Class B Notes and the Class C Notes.

         "Noteholders" shall mean the Class A-1 Noteholders, the Class A-2
Noteholders, the Class A-3 Noteholders, the Class A-4 Noteholders, the Class B
Noteholders or the Class C Noteholders.

         "Obligor" on a Receivable means the purchaser or co-purchasers of the
related Financed Vehicle, and any other Person obligated to make payments
thereunder.

         "Officers' Certificate" means a certificate signed by (a) the
chairman of the board, the president, any vice president, the controller or
any assistant controller and (b) a treasurer, assistant treasurer, secretary
or assistant secretary of the Depositor or the Servicer, as appropriate.

         "Opinion of Counsel" means one or more written opinions of counsel,
who may be an employee of or counsel to the Depositor, the Servicer or the
Trust, which counsel shall be acceptable to the Indenture Trustee, the Owner
Trustee or the Rating Agencies, as applicable, and which shall be addressed to
the Owner Trustee and the Indenture Trustee and which shall be at the expense
of the person required to provide such an Opinion of Counsel.

         "Outstanding Amount" means, as of any date of determination and as to
any Notes, the aggregate principal amount of such Notes Outstanding (as
defined in the Indenture) as of such date of determination.

         "Owner Trustee" means Wilmington Trust Company, acting not in its
individual capacity but solely as owner trustee under the Trust Agreement.

         "Paid-Ahead Period" shall have the meaning ascribed thereto in
Section 5.03(b).

         "Payment Date" means, with respect to each Collection Period, the
fifteenth day of the following month or, if such day is not a Business Day,
the immediately following Business Day, commencing on April 15, 2002.

         "Physical Property" has the meaning assigned to such term in the
definition of "Delivery" above.

                                      16
<PAGE>

         "Pool Balance" means, with respect to any Payment Date, an amount
equal to the aggregate Principal Balance of the Receivables at the end of the
related Collection Period, after giving effect (without duplication in the
case of any given Receivable) to all payments of principal received from
Obligors and that portion allocable to principal of the Purchase Amount of all
Receivables that became Purchased Receivables during or in respect of such
Collection Period, and after adjustment (without duplication in the case of
any given Receivable) for the aggregate amount of any Cram Down Losses during
such Collection Period and the reduction to zero of the aggregate outstanding
Principal Balance of all Receivables that became Liquidated Receivables during
such Collection Period.

         "Principal Balance" means, with respect to any Receivable and a
Determination Date, the Amount Financed minus an amount equal to the sum, as
of the close of business on the last day of the related Collection Period, of
(1) that portion of all amounts received on or prior to such day with respect
to such Receivable and allocable to principal using the Simple Interest
Method, and (2) any Cram Down Losses with respect to such Receivable.

         "Principal Distribution Account" means the account designated as
such, established and maintained pursuant to Section 5.01(c).

         "Purchase Amount" means, with respect to any Receivable that became a
Purchased Receivable, the unpaid principal balance owed by the Obligor thereon
plus unpaid interest on such amount at the applicable APR to the last day of
the month of repurchase.

         "Purchased Receivable" means a Receivable purchased as of the close
of business on the last day of a Collection Period by or on behalf of the
Servicer pursuant to Section 4.07 or by or on behalf of the Seller pursuant to
Section 3.03 and the Receivables Purchase Agreement.

         "Rating Agency" means Moody's, Fitch or Standard & Poor's, as the
context may require. If none of Moody's, Fitch, Standard & Poor's or a
successor thereto remains in existence, "Rating Agency" shall mean any
nationally recognized statistical rating organization or other comparable
Person designated by the Depositor.

         "Rating Agency Condition" means, with respect to any action, that
each Rating Agency shall have been given 10 days' (or such shorter period as
shall be acceptable to each Rating Agency) prior notice thereof and that each
Rating Agency shall not have notified the Issuer or the Indenture Trustee in
writing that such action will result in a reduction, withdrawal or down-grade
of the then-current rating of any Class of Notes.

         "Realized Losses" means, as to any Payment Date, the amount, if any,
by which the outstanding aggregate Principal Balance of all Receivables that
became Liquidated Receivables during the related Collection Period exceeds
that portion allocable to principal of all net Liquidation Proceeds received
with respect to such Liquidated Receivables.

         "Receivable Files" means the following documents with respect to each
Financed Vehicle:

                                      17
<PAGE>

                   (i) the fully executed original of each Receivable
         (together with any agreements modifying each such Receivable,
         including any extension agreement);

                   (ii) the original credit application, or an electronic copy
         thereof;

                   (iii) the original certificate of title or such other
         documents that the Servicer or the Seller shall keep on file in
         accordance with its customary procedures evidencing the security
         interest of the Seller in the related Financed Vehicle; and

                   (iv) any and all other documents that the Servicer shall
         have kept on file in accordance with its customary procedures
         relating to a Receivable, an Obligor or a Financed Vehicle.

         "Receivables" means any Contract listed on Schedule B (which Schedule
may be in the form of microfiche).

         "Receivables Purchase Agreement" means the Receivables Purchase
Agreement dated as of March 1, 2002, between National City Bank, as seller and
National City Vehicle Receivables Inc., as depositor.

         "Record Date" means, as to any Payment Date, the day immediately
preceding such Payment Date.

         "Recoveries" means, with respect to any Collection Period after a
Collection Period in which a Receivable becomes a Liquidated Receivable, all
monies received by the servicer with respect to such Liquidated Receivable
during that Collection Period, net of any fees, costs and expenses incurred by
and reimbursed to the servicer in connection with the collection of such
Liquidated Receivable and any payments required by law to be remitted to the
Obligor.

         "Regular Note Principal Distribution Amount" means, with respect to
any Payment Date, the excess, if any, of (a) the aggregate Outstanding Amount
of the Notes as of the day immediately preceding such Payment Date over (b)
the Pool Balance with respect to such Payment Date; provided, however, that
the Regular Note Principal Distribution Amount on any Payment Date shall not
exceed the Outstanding Amount of the Notes as of the day immediately preceding
such Payment Date and provided further, that the Regular Note Principal
Distribution Amount on or after the Final Scheduled Payment Date of any Class
of Notes shall not be less than the amount that is necessary to reduce the
Outstanding Amount of such Class of Notes to zero; and provided further that,
on the Reserve Account Pay-Down Date, the Regular Note Principal Distribution
Amount shall equal the amount necessary to reduce the aggregate outstanding
principal amount of the notes to zero.

         "Reserve Account" means the account designated as such, established
by the Issuer and maintained by the Indenture Trustee pursuant to Section
5.01(d).

         "Reserve Account Excess Amount" means, with respect to any Payment
Date, the excess, if any, of (i) the amount on deposit in the Reserve Account
on such Payment Date (prior to

                                      18
<PAGE>

giving effect to any withdrawals therefrom relating to such Payment Date)
over (ii) the Specified Reserve Account Balance with respect to such Payment
Date.

         "Reserve Account Pay-Down Date" means the Payment Date immediately
following the first Payment Date on which the amount on deposit in the Reserve
Account on such Payment Date (after giving effect to any withdrawals therefrom
relating to such Payment Date) is equal to or greater than the Outstanding
Amount of the Notes on such Payment Date (after giving effect to payments on
such Payment Date).

         "Reserve Account Withdrawal Amount" means, with respect to each
Payment Date, the lesser of (a) the amount then on deposit in the Reserve
Account (after giving effect to any withdrawals therefrom relating to any
Reserve Account Excess Amount for such Payment Date) and (b) the excess, if
any, of (i) the aggregate amount required to be paid pursuant to Sections
5.06(b)(i) through (vii) on such Payment Date over (ii) the Available
Collections for such Payment Date; provided that, with respect to the Payment
Date occurring on the Reserve Account Pay-Down Date, the Reserve Account
Withdrawal Amount shall equal the amount necessary to reduce the Outstanding
Amount of the Notes to zero.

         "Reserve Initial Deposit" means $[2,776,485.25].

         "Responsible Officer" means the chairman of the board, the president,
any executive vice president, any vice president, the treasurer, any assistant
treasurer, the secretary, or any assistant secretary of the Servicer.
Responsible Officer of the Owner Trustee shall be as defined in the Indenture.

         "Scheduled Payment" means, with respect to each Receivable, the
scheduled monthly payment amount set forth in the related Contract and
required to be paid by the Obligor during each Collection Period.

         "Second Priority Principal Distribution Amount" means, with respect
to any Payment Date, the excess, if any, of (x) the aggregate Outstanding
Amount of the Class A Notes and the Class B Notes (as of the day immediately
preceding such Payment Date) over (y) the Pool Balance for such Payment Date.

         "Securities" means the Notes and the Certificates.

         "Securities Account Control Agreement" means the Securities Account
Control Agreement dated as of March 1, 2002 among the Issuer, the Indenture
Trustee and the Securities Intermediary.

         "Securities Intermediary" means The Bank of New York, in its capacity
as the securities intermediary in the Securities Account Control Agreement.

         "Securityholders" means the Noteholders and/or the
Certificateholders, as the context may require.

                                      19
<PAGE>

         "Seller" means National City and its successors in interest, as
seller of the Receivables to the Depositor pursuant to the Receivables
Purchase Agreement.

         "Servicer" means National City, as the servicer of the Receivables,
and each successor to National City (in the same capacity) pursuant to Section
7.03 or 8.03.

         "Servicer Termination Event" shall have the meaning set forth in
Section 8.01.

         "Servicer's Certificate" means an Officers' Certificate of the
Servicer delivered pursuant to Section 4.09, substantially in the form of
Exhibit C.

         "Servicing Fee" means, with respect to any Payment Date, an amount
equal to the sum of (i) the product of one-twelfth of the Servicing Fee Rate
and the Pool Balance as of the first day of the related Collection Period, and
(ii) any late fees, prepayment charges, extension fees and other
administrative fees or similar charges collected on the Receivables.

         "Servicing Fee Rate" means 1.00% per annum.

         "Simple Interest Method" means the method of allocating the monthly
payments received with respect to a Receivable to interest in an amount equal
to the product of (i) the applicable APR, (ii) the period of time (expressed
as a fraction of a year, based on the actual number of days in the calendar
month and 365 or 366 days, as applicable, in the calendar year) elapsed since
the preceding payment was made under such Receivable and (iii) the outstanding
principal amount of such Receivable, and allocating the remainder of each such
monthly payment to principal.

         "Specified Reserve Account Balance" means, with respect to each
Payment Date, an amount equal to 1.00% of the aggregate principal balance of
the Receivables as of the Cutoff Date; provided, however, that in no event
shall the Specified Reserve Account Balance be greater than the Note Balance
on that Payment Date after giving effect to all payments on that Payment Date.

         "Standard & Poor's" means Standard & Poor's Ratings Services, a
division of The McGraw-Hill Companies, Inc., and its successors.

         "Trust" means the Issuer.

         "Trust Account Property" means the Trust Accounts, all amounts and
investments held from time to time in any Trust Account (whether in the form
of deposit accounts, Physical Property, book-entry securities, uncertificated
securities or otherwise) and all proceeds of the foregoing.

         "Trust Accounts" means the Collection Account, the Note Interest
Distribution Account, Principal Distribution Account and the Reserve Account.

         "Trust Agreement" means the Amended and Restated Trust Agreement,
dated as of March 1, 2002, between the Depositor and the Owner Trustee.

                                      20
<PAGE>

         "Trust Officer" means, in the case of the Indenture Trustee, any
Officer within the Capital Markets Fiduciary Services Department of the
Indenture Trustee (or any successor department), including any Assistant Vice
President, Assistant Treasurer, Assistant Secretary or any other officer of
the Indenture Trustee customarily performing functions similar to those
performed by any of the above designated officers and also, with respect to a
particular matter, any other officer to whom such matter is referred because
of such officer's knowledge of and familiarity with the particular subject, in
each case having direct responsibility for the administration of the Basic
Documents and, with respect to the Owner Trustee, any officer in the Corporate
Trust Administration Department of the Owner Trustee with direct
responsibility for the administration of the Trust Agreement and the other
Basic Documents on behalf of the Owner Trustee.

         "UCC" means the Uniform Commercial Code, as in effect in the relevant
jurisdiction.

         Section 1.02. Other Definitional Provisions.

         (a) Capitalized terms used herein that are not otherwise defined
shall have the meanings ascribed thereto in the Indenture or, if not defined
therein, in the Trust Agreement.

         (b) All terms defined in this Agreement shall have the defined
meanings when used in any certificate or other document made or delivered
pursuant hereto unless otherwise defined therein.

         (c) As used in this Agreement and in any certificate or other
document made or delivered pursuant hereto or thereto, accounting terms not
defined in this Agreement or in any such certificate or other document, and
accounting terms partly defined in this Agreement or in any such certificate
or other document to the extent not defined, shall have the respective
meanings given to them under generally accepted accounting principles. To the
extent that the definitions of accounting terms in this Agreement or in any
such certificate or other document are inconsistent with the meanings of such
terms under generally accepted accounting principles, the definitions
contained in this Agreement or in any such certificate or other document shall
control.

         (d) The words "hereof," "herein," "hereunder" and words of similar
import when used in this Agreement shall refer to this Agreement as a whole
and not to any particular provision of this Agreement; Article, Section,
Schedule and Exhibit references contained in this Agreement are references to
Articles, Sections, Schedules and Exhibits in or to this Agreement unless
otherwise specified; "or" shall include "and/or"; and the term "including"
shall mean "including without limitation".

         (e) The definitions contained in this Agreement are applicable to the
singular as well as the plural forms of such terms and to the masculine as
well as to the feminine and neuter genders of such terms.

         (f) Any agreement, instrument or statute defined or referred to
herein or in any instrument or certificate delivered in connection herewith
means such agreement, instrument or statute as from time to time amended,
modified or supplemented and includes (in the case of

                                      21
<PAGE>

agreements or instruments) references to all attachments thereto and
instruments incorporated therein; references to a Person are also to its
permitted successors and assigns.

                                      22
<PAGE>

                                  ARTICLE II

                           CONVEYANCE OF RECEIVABLES

         Section 2.01. Conveyance of Receivables.

         (a) In consideration of the Issuer's delivery to or upon the order of
the Depositor of the Notes and the Certificates, the Depositor does hereby
transfer, set over and otherwise convey to the Issuer, without recourse
(subject to the obligations of the Depositor set forth herein), all right,
title and interest of the Depositor in and to:

               (i) the Receivables and all moneys received thereon after the
          Cutoff Date;

               (ii) the security interests in the Financed Vehicles and any
          accessions thereto granted by Obligors pursuant to the Receivables
          and any other interest of the Depositor in such Financed Vehicles;

               (iii) any Liquidation Proceeds and any other proceeds with
          respect to the Receivables from claims on any physical damage,
          credit life or disability insurance policies covering the Financed
          Vehicles or the related Obligors, including any vendor's single
          interest or other collateral protection insurance policy;

               (iv) any property that shall have secured a Receivable and that
          shall have been acquired by or on behalf of the Seller, the
          Depositor, the Servicer or the Trust;

               (v) the proceeds from any Servicer's errors and omissions
          protection policy, any fidelity bond and any blanket physical damage
          policy, to the extent such proceeds relate to any Financed Vehicle;

               (vi) all documents and other items contained in the Receivable
          Files;

               (vii) all of the Depositor's rights (but not its obligations)
          under the Receivables Purchase Agreement;

               (viii) all funds on deposit from time to time in the Trust
          Accounts and the Certificate Distribution Account and in all
          investments therein and proceeds thereof (including all Investment
          Earnings thereon); and

               (ix) the proceeds of any and all of the foregoing
          (collectively, with the assets listed in clauses (i) through (viii)
          above, the "Conveyed Assets").

         (b) It is the intention of the parties hereto that the transfer and
assignment contemplated by this Agreement shall constitute a sale of the
Receivables and other related property (for non-tax purposes) from the
Depositor to the Trust and the beneficial interest in and title to the
Receivables and the related property shall not be part of the Depositor's
estate in the event of the filing of a bankruptcy petition by or against the
Depositor under any bankruptcy law. In the event that, notwithstanding the
intent of the parties hereto, the transfer and assignment

                                      23
<PAGE>

contemplated hereby is held not to be a sale (for non-tax purposes), this
Agreement shall constitute a security agreement under applicable law, and, in
such event, the Depositor shall be deemed to have granted, and the Depositor
hereby grants, to the Issuer a security interest in all accounts, money,
chattel paper, securities, instruments, documents, deposit accounts,
certificates of deposit, letters of credit, advices of credit, banker's
acceptances, uncertificated securities, general intangibles, contract rights,
goods and other property consisting of, arising from or relating to such
Conveyed Assets, for the benefit of the Trust and its assignees as security
for the Depositor's obligations hereunder and the Depositor consents to the
pledge of the foregoing Conveyed Assets under the Indenture to the Indenture
Trustee.

                                      24
<PAGE>

                                  ARTICLE III

                                THE RECEIVABLES

         Section 3.01. Representations and Warranties of the Seller.

         (a) The Seller has made each of the representations and warranties
set forth in Exhibit A hereto under the Receivables Purchase Agreement and has
consented to the assignment by the Depositor to the Issuer of the Depositor's
rights with respect thereto. Such representations and warranties speak as of
the execution and delivery of this Agreement and as of the Closing Date, but
shall survive the transfer and assignment of the Receivables to the Issuer and
the pledge of such Receivables to the Indenture Trustee. Pursuant to Section
2.01 of this Agreement, the Depositor has transferred and conveyed to the
Issuer, as part of the assets of the Issuer, its rights under the Receivables
Purchase Agreement, including the representations and warranties of the Seller
therein as set forth in Exhibit A, upon which representations and warranties
the Issuer relies in accepting the Receivables and delivering the Securities,
together with all rights of the Depositor with respect to any breach thereof,
including the right to require the Seller to acquire Receivables in accordance
with the Receivables Purchase Agreement. It is understood and agreed that the
representations and warranties referred to in this Section shall survive the
transfer and delivery of the Receivables to the Issuer or the Custodian.

         (b) The Seller hereby agrees that the Issuer shall have the right to
enforce any and all rights under the Receivables Purchase Agreement assigned
to the Issuer herein, including the right to cause the Seller to acquire any
Receivable with respect to which it is in breach of any of its representations
and warranties set forth in Exhibit A, directly against the Seller as though
the Issuer were a party to the Receivables Purchase Agreement, and the Issuer
shall not be obligated to exercise any such rights indirectly through the
Depositor.

         Section 3.02. Representations and Warranties of the Depositor. The
Depositor makes the following representations and warranties, on which the
Issuer relies in accepting the Receivables and delivering the Securities. Such
representations and warranties speak as of the execution and delivery of this
Agreement and as of the Closing Date, but shall survive the transfer and
assignment of the Receivables by the Depositor to the Issuer and the pledge
thereof to the Indenture Trustee in accordance with the terms of the
Indenture:

         (a) Title. The Depositor shall convey to the Issuer all right, title
and interest of the Depositor in and to the Receivables, including all right,
title and interest of the Depositor in and to the security interests in the
related Financed Vehicles.

         (b) All Filings Made. The Depositor has caused all filings (including
UCC filings) to be made in Delaware with respect to the sale of the
Receivables to the Issuer and the pledge contemplated in the Basic Agreements
to the Indenture Trustee.

         (c) Liens. The Depositor has not taken any actions to create, incur
or suffer to exist any Lien on or restriction on transferability of any
Receivable except for the Lien of the Indenture and the restrictions on
transferability imposed by this Agreement.

                                      25
<PAGE>

         (a) Perfection. The Depositor further makes all the representations,
warranties and covenants set forth in Exhibit F.

         Section 3.03. Repurchase Upon Breach. Each of the Depositor, the
Owner Trustee, the Indenture Trustee, the Seller and the Servicer shall inform
the other parties to this Agreement promptly, in writing, upon the discovery
by it of any breach of the Seller's representations and warranties made
pursuant to Section 3.01 of this Agreement or Section 3.02 of the Receivables
Purchase Agreement, without regard to any limitation set forth in such
representation or warranty concerning the knowledge of the Seller as to the
facts stated therein. Unless any such breach shall have been cured by the last
day of the first Collection Period commencing after the discovery or notice
thereof, the Seller shall be obligated and, if necessary, the Issuer shall
enforce the obligations of the Seller under the Receivables Purchase
Agreement, to purchase as of such last day any Receivable materially and
adversely affected by any such breach; provided, however, that,
notwithstanding the qualification of any of the Seller's representations and
warranties made pursuant to Section 3.01 of this Agreement or Section 3.02 of
the Receivables Purchase Agreement as to the Seller's knowledge, a breach in
the substance of any such representation and warranty (without giving effect
to such qualification as to knowledge) shall require the Seller to perform its
repurchase or cure obligations set forth in this Section 3.03. In
consideration of the repurchase of any such Receivable, the Seller shall remit
the Purchase Amount to the Collection Account and notify in writing the
Indenture Trustee of such deposit in the manner specified in Section 5.04. The
sole remedy of the Issuer, the Indenture Trustee, the Noteholders, or the
Certificateholders with respect to the unpaid balance plus accrued interest on
any Receivable as to which a breach of a representation or warranty has
occurred pursuant to Section 3.01 of this Agreement or Section 3.02 of the
Receivables Purchase Agreement or the agreement contained in this Section
shall be to require the Seller to purchase such Receivable pursuant to this
Section or to repurchase such Receivable pursuant to the Receivables Purchase
Agreement.

         Section 3.04. Custody of Receivable Files. To assure uniform quality
in servicing the Receivables and to reduce administrative costs, the Issuer
hereby revocably appoints the Servicer, and the Servicer hereby accepts such
appointment, to act for the benefit of the Issuer and the Indenture Trustee as
custodian of the Receivable Files, which are hereby constructively delivered
by the Issuer to the Indenture Trustee.

         Section 3.05. Duties of Servicer as Custodian.

         (a) Safekeeping. The Servicer shall hold the Receivable Files as
custodian for the benefit of the Issuer and the Indenture Trustee, and shall
maintain such accurate and complete accounts, records and computer systems
pertaining to each Receivable File as shall enable the Issuer to comply with
this Agreement. In performing its duties as custodian, the Servicer shall act
with reasonable care, using that degree of skill and attention that the
Servicer exercises with respect to the receivable files relating to all
comparable automotive receivables that the Servicer services for itself or
others. The Servicer shall conduct, or cause to be conducted, periodic audits
of the Receivable Files held by it under this Agreement and of the related
accounts, records and computer systems, in such a manner as shall enable the
Issuer or the Indenture Trustee to verify the accuracy of the Servicer's
record keeping. The Servicer shall promptly report to the Issuer

                                      26
<PAGE>

and the Indenture Trustee any failure on its part to hold the Receivable
Files and maintain its accounts, records and computer systems as herein
provided and shall promptly take appropriate action to remedy any such
failure. Nothing herein shall be deemed to require an initial review or any
periodic review by the Issuer or the Indenture Trustee of the Receivable
Files.

         (b) Maintenance of and Access to Records. The Servicer shall maintain
each Receivable File at one of its offices specified in Schedule C to this
Agreement or at such other office as shall be specified to the Issuer and the
Indenture Trustee by written notice not later than 90 days after any change in
location. The Servicer shall make available to the Issuer and the Indenture
Trustee or their duly authorized representatives, attorneys or auditors a list
of locations of the Receivable Files and the related accounts, records and
computer systems maintained by the Servicer at such times during normal
business hours as the Issuer shall reasonably instruct, which does not
unreasonably interfere with the Servicer's normal operations or customer or
employee relations.

         (c) Release of Documents. Upon instruction from the Indenture Trustee
or, if the Notes have been paid in full, from the Owner Trustee, the Servicer
shall release any Receivable File to the Indenture Trustee or the Owner
Trustee, as the case may be, or to the agent or designee of the Indenture
Trustee or the Owner Trustee, as the case may be, at such place or places as
the Indenture Trustee or the Owner Trustee, as applicable, may designate, as
soon as practicable without resulting in unreasonable interference with the
Servicer's normal operations or customer or employee relations. Upon the
release and delivery of any such document in accordance with the instructions
of the Indenture Trustee or the Owner Trustee, as the case may be, the
Servicer shall be released from any further liability and responsibility under
this Section 3.05 with respect to such documents and any other provision of
this Agreement if the fulfillment of the Servicer's responsibilities is
dependent upon possession of such documents, unless and until such time as
such documents shall be returned to the Servicer. In no event shall the
Servicer be responsible for any loss occasioned by the Indenture Trustee's or
the Owner Trustee's failure to return any Receivable File or any portion
thereof in a timely manner.

         Section 3.06. Instructions; Authority to Act. The Servicer shall be
deemed to have received proper instructions with respect to the Receivable
Files upon its receipt of written instructions signed by a Trust Officer of
the Indenture Trustee or, if the Notes have been paid in full, of the Owner
Trustee.

         Section 3.07. Custodian's Indemnification. The Servicer, as
custodian, shall indemnify the Trust, the Owner Trustee and the Indenture
Trustee and each of their officers, directors, employees and agents for any
and all liabilities, obligations, losses, compensatory damages, payments,
costs, or expenses of any kind whatsoever that may be imposed on, incurred by
or asserted against the Trust, the Owner Trustee or the Indenture Trustee or
any of their officers, directors, employees or agents as the result of any
improper act or omission in any way relating to the maintenance and custody by
the Servicer as custodian of the Receivable Files; provided, however, that the
Servicer shall not be liable to the Trust, the Owner Trustee, the Indenture
Trustee or any such officer, director, employee or agent of the Trust, the
Owner Trustee or the Indenture Trustee for any portion of any such amount
resulting from the willful misfeasance, bad faith or negligence of the Owner
Trustee or the Indenture Trustee, as the case may be, or any

                                      27
<PAGE>

such officer, director, employee or agent of the Trust, the Owner Trustee
or the Indenture Trustee, as the case may be.

         Indemnification under this Section shall survive the resignation or
removal of the Servicer or the termination of this Agreement with respect to
acts or omissions of such Servicer preceding such resignation or removal and
shall include reasonable fees and expenses of counsel and expenses of
litigation. If the Servicer shall have made any indemnity payments pursuant to
this Section and the Person to or on behalf of whom such payments are made
thereafter collects any of such amounts from others, such Person shall
promptly repay such amounts to the Servicer, without interest.

         Section 3.08. Effective Period and Termination. The Servicer's
appointment as custodian shall become effective as of the Cutoff Date and
shall continue in full force and effect unless and until terminated pursuant
to this Section 3.08. If the Servicer or any successor Servicer shall resign
as Servicer in accordance with the provisions of this Agreement or if all of
the rights and obligations of the Servicer or any successor Servicer shall
have been terminated under Section 8.02, the appointment of such Servicer as
custodian may be terminated by the Issuer or by the Holders of Notes
evidencing not less than 25% of the Outstanding Amount of the Notes, by the
Owner Trustee or by Holders (other than the Seller or an Affiliate thereof) of
Certificates evidencing not less than 25% of the percentage interests in the
Certificates, in the same manner as the Indenture Trustee or such
Securityholders may terminate the rights and obligations of the Servicer under
Section 8.02. The Indenture Trustee or, with the consent of the Indenture
Trustee, the Owner Trustee may terminate the Servicer's appointment as
custodian, with cause, at any time upon written notification to the Servicer
and without cause, only by written notification to the Servicer pursuant to
Section 8.02. As soon as practicable after any termination of such appointment
(but in no event more than ten (10) Business Days after any such termination
of appointment), the Servicer shall deliver the Receivable Files to the
Indenture Trustee or the Indenture Trustee's agent at such place or places as
the Indenture Trustee may reasonably designate. Notwithstanding the
termination of National City as custodian, the Indenture Trustee and the Owner
Trustee agree that, upon any such termination and for so long as National City
remains the Servicer hereunder, the Indenture Trustee or the Owner Trustee, as
the case may be, shall provide, or cause its agent to provide, access to the
Receivable Files to the Servicer for the purpose of enabling the Servicer to
perform its obligations under this Agreement with respect to the servicing of
the Receivables.

                                      28
<PAGE>

                                  ARTICLE IV

                  ADMINISTRATION AND SERVICING OF RECEIVABLES

         Section 4.01. Duties of Servicer. The Servicer, for the benefit of
the Issuer and the Indenture Trustee, shall manage, service, administer and
make collections on the Receivables and perform the other actions required by
the Servicer under this Agreement. The Servicer shall service the Receivables
in accordance with its customary and usual procedures and consistent with the
procedures employed by institutions that service motor vehicle retail
installment sale contracts and motor vehicle retail installment loan
contracts. The Servicer's duties shall include the collection and posting of
all payments, responding to inquiries of Obligors, investigating
delinquencies, sending payment coupons to Obligors, reporting any required tax
information to Obligors, accounting for collections, furnishing monthly and
annual statements to the Owner Trustee and the Indenture Trustee with respect
to distributions and performing the other duties specified herein. The
Servicer also shall administer and enforce all rights of the holder of the
Receivables under the Receivables and the Dealer Agreements and assignment
forms. To the extent consistent with the standards, policies and procedures
otherwise required hereby, the Servicer shall follow its customary standards,
policies and procedures and shall have full power and authority, acting alone,
to do any and all things in connection with the managing, servicing,
administration and collection of the Receivables that it may deem necessary or
desirable. Without limiting the generality of the foregoing, the Servicer is
hereby authorized and empowered to execute and deliver, on behalf of itself,
the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholders
and the Noteholders, or any of them, any and all instruments of satisfaction
or cancellation, or of partial or full release or discharge, and all other
comparable instruments with respect to the Receivables and with respect to the
Financed Vehicles; provided, however, that, notwithstanding the foregoing, the
Servicer shall not, except pursuant to an order from a court of competent
jurisdiction or as otherwise required by applicable law, execute documents
that would release an Obligor from payment of any unpaid amount due under any
Receivable, reduce the related APR or waive the right to collect the unpaid
balance of any Receivable from an Obligor. Notwithstanding the foregoing, in
connection with the settlement by the Servicer of a defaulted Receivable, the
Servicer may settle the account of such Receivable for less than the full
amount of principal and interest due on such Receivable, if in its reasonable
discretion, consistent with its customary servicing standards, it believes
that the acceptance of the settlement proceeds from the related Obligor would
result in the Trust or Indenture Trustee receiving a greater amount of
collections than the Liquidation Proceeds that would result from repossessing
and liquidating the related Financed Vehicle. The Servicer is hereby
authorized to commence, in its own name or in the name of the Issuer, the
Indenture Trustee, the Owner Trustee, the Certificateholders or the
Noteholders, a legal proceeding to enforce a Receivable pursuant to Section
4.03 or to commence or participate in any other legal proceeding (including a
bankruptcy proceeding) relating to or involving a Receivable, an Obligor or a
Financed Vehicle. If the Servicer commences or participates in any such legal
proceeding in its own name, the Indenture Trustee or the Issuer shall
thereupon be deemed to have automatically assigned the applicable Receivable
to the Servicer solely for purposes of commencing or participating in such
proceeding as a party or claimant, and the Servicer is authorized and
empowered by the Indenture Trustee or the Issuer to execute and

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<PAGE>

deliver in the Indenture Trustee's or the Issuer's name any notices,
demands, claims, complaints, responses, affidavits or other documents or
instruments in connection with any such proceeding. If in any enforcement suit
or legal proceeding it shall be held that the Servicer may not enforce a
Receivable on the ground that it shall not be a real party in interest or a
holder entitled to enforce such Receivable, the Owner Trustee shall, at the
Servicer's expense and direction, take steps to enforce such Receivable,
including bringing suit in its name or the name of the Issuer, the Indenture
Trustee, the Certificateholders or the Noteholders. The Owner Trustee and the
Indenture Trustee shall upon the written request of the Servicer furnish the
Servicer with any powers of attorney and other documents reasonably necessary
or appropriate to enable the Servicer to carry out its servicing and
administrative duties hereunder.

         Section 4.02. Collection of Receivable Payments; Modifications of
Receivables.

         (a) Consistent with the standards, policies and procedures required
by this Agreement, the Servicer shall make reasonable efforts to collect all
payments called for under the terms and provisions of the Receivables as and
when the same shall become due, and shall follow such collection procedures as
it follows with respect to all comparable motor vehicle receivables that it
services for itself and otherwise act with respect to the Receivables in such
a manner as will, in the reasonable judgment of the Servicer, maximize the
amount to be received by the Trust with respect thereto. The Servicer is
authorized in its discretion to waive any prepayment charge, late payment
charge or any other similar fees that may be collected in the ordinary course
of servicing any Receivable.

         (b) The Servicer may grant payment extensions on the Receivables only
to the extent permissible in its extension policy attached hereto as Exhibit
D; provided, however, that no such extension shall extend the final payment
date on any Receivable beyond the last day of the Collection Period ending six
months prior to the Class C Final Scheduled Payment Date.

         (c) Upon any extension not in accordance with this Section, the
Servicer shall be required to purchase the related Receivable in accordance
with Section 4.07.

         Section 4.03. Realization upon Receivables. The Servicer shall,
consistent with customary servicing procedures and the terms of this
Agreement, act with respect to the Receivables in such manner as, in the
Servicer's reasonable judgment, will maximize the receipt of principal and
interest on all Receivables and Liquidation Proceeds in respect of Liquidated
Receivables. Consistent with the standards, policies and procedures required
by this Agreement, the Servicer shall use its best efforts to repossess or
otherwise convert the ownership of and liquidate any Financed Vehicle securing
a Receivable with respect to which the Servicer shall have determined that
eventual payment in full is unlikely. The Servicer shall begin such
repossession and conversion procedures as soon as practicable after default on
such Receivable in accordance with its customary procedures; provided,
however, that the Servicer may elect not to repossess a Financed Vehicle
within such time period if in its good faith judgment it determines that the
proceeds ultimately recoverable with respect to such Receivable would be
increased by forbearance. In repossessing or otherwise converting the
ownership of a Financed Vehicle and liquidating a Receivable, the Servicer is
authorized to follow such customary practices and procedures as it shall deem
necessary or advisable, consistent with the standard of

                                      30
<PAGE>

care required by Section 4.01, which practices and procedures may include
the sale of the related Financed Vehicle at public or private sale, the
submission of claims under an insurance policy and other actions by the
Servicer in order to realize upon a Receivable; provided, however, that, in
any case in which the Financed Vehicle shall have suffered damage, the
Servicer shall not expend funds in connection with any repair or towards the
repossession of such Financed Vehicle unless it shall determine in its
reasonable judgment that such repair or repossession shall increase the
related Liquidation Proceeds by an amount materially greater than the expense
for such repair or repossession. The Servicer shall be entitled to recover all
expenses incurred by it that are reasonably allocated to repossessing and
liquidating a Financed Vehicle into cash proceeds, but only out of the cash
proceeds of the sale of such Financed Vehicle or any deficiency obtained from
the related Obligor.

         Section 4.04. [Reserved].

         Section 4.05. Maintenance of Security Interests in Financed Vehicles.

         (a) The Servicer shall, in accordance with its customary servicing
procedures, take such steps as are necessary to maintain perfection of the
security interest created by each Receivable in the related Financed Vehicle.
The Servicer is hereby authorized to take such steps as are necessary to
re-perfect such security interest on behalf of the Issuer and the Indenture
Trustee in the event of the relocation of a Financed Vehicle, or for any other
reason. In the event that the assignment of a Receivable to the Indenture
Trustee is insufficient, without a notation on the related Financed Vehicle's
certificate of title, or without fulfilling any additional administrative
requirements under the laws of the State in which such Financed Vehicle is
located, to perfect a security interest in the related Financed Vehicle in
favor of the Indenture Trustee, the Servicer hereby agrees that the
designation of National City as the secured party on the certificate of title
is in its capacity as agent of the Indenture Trustee.

         (b) The Depositor, the Owner Trustee, the Indenture Trustee and the
Servicer hereby agree that, upon the occurrence of a Servicer Termination
Event, the Controlling Party may take or cause to be taken such actions as
may, in the opinion of counsel to the Controlling Party, be necessary to
perfect or re-perfect the security interests in the Financed Vehicles in the
name of the Issuer or the Indenture Trustee, including by amending the title
documents of the Financed Vehicles. The Servicer hereby agrees to pay all
expenses related to such perfection or reperfection and to take all action
necessary therefor. If such expenses are not paid within 15 days after
delivery of any invoice therefor, such expenses shall be paid pursuant to
Section 5.06(b)(ix).

         Section 4.06. Covenants of Servicer. By its execution and delivery of
this Agreement, the Servicer hereby covenants as follows (upon which covenants
the Issuer, the Indenture Trustee and the Owner Trustee rely in accepting the
Receivables and delivering the applicable Securities):

         (a) Liens in Force. No Financed Vehicle securing a Receivable shall
be released in whole or in part from the security interest granted by such
Receivable, except upon payment in full of such Receivable or as otherwise
contemplated herein;

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<PAGE>

         (b) No Impairment. The Servicer shall do nothing to impair the rights
of the Trust in the property of the Trust;

         (c) No Amendments. The Servicer shall not extend or otherwise amend
the terms of any Receivable, except in accordance with Section 4.02; and

         (d) Restrictions on Liens. The Servicer shall not (A) create, incur
or suffer to exist, or agree to create, incur or suffer to exist, or consent
to or permit in the future (upon the occurrence of a contingency or otherwise)
the creation, incurrence or existence of any Lien on or restriction on
transferability of any Receivable except for the Lien of the Indenture and the
restrictions on transferability imposed by this Agreement or (B) other than as
contemplated herein, sign or file any UCC financing statements in any
jurisdiction that names National City or the Depositor as a debtor, and any
Person other than the Depositor, the Indenture Trustee or the Issuer as a
secured party, or sign any security agreement authorizing any secured party
thereunder to file any such financing statement, in each case with respect to
the Receivables or the related property.

         Section 4.07. Purchase of Receivables Upon Breach. Upon discovery by
any of the Servicer, the Seller, the Depositor, the Owner Trustee or the
Indenture Trustee of a breach of any of the covenants set forth in Sections
4.02(b), 4.04, 4.05(a) or 4.06, the party discovering such breach shall give
prompt written notice to the other; provided, however, that the failure to
give any such notice shall not affect any obligation of the Servicer under
this Section 4.07. On or before the last day of the first Collection Period
commencing after its discovery or receipt of notice of the breach of any
covenant set forth in Sections 4.02(b), 4.04, 4.05(a) or 4.06 that materially
and adversely affects the interests of the Issuer, the Indenture Trustee, the
Owner Trustee, the Certificateholders or the Noteholders in any Receivable,
the Servicer shall, unless such breach shall have been cured in all material
respects by such date, purchase from the Issuer the Receivable affected by
such breach. In consideration of the purchase of any such Receivable, the
Servicer shall remit the related Purchase Amount into the Collection Account,
with written notice to the Indenture Trustee of such deposit, in the manner
specified in Section 5.04. Subject to Section 7.02, it is understood and
agreed that the obligation of the Servicer to purchase any Receivable with
respect to which such a breach has occurred and is continuing shall, if such
obligation is fulfilled, constitute the sole remedy against the Servicer for
such breach available to the Issuer, the Owner Trustee, the Indenture Trustee,
the Certificateholders or the Noteholders.

         Section 4.08. Servicing Fee. The Servicing Fee shall be payable to
the Servicer on each Payment Date. That part of the Servicing Fee based on the
Servicing Fee Rate shall be calculated on the basis of a 360-day year
comprised of twelve 30-day months. The Servicer shall be required to pay all
expenses incurred by it in connection with its activities under this Agreement
(including taxes imposed on the Servicer and expenses incurred in connection
with distributions and reports made by the Servicer to the Owner Trustee and
the Indenture Trustee), except to the extent otherwise expressly provided
herein.

         Section 4.09. Servicer's Certificate. Not later than 10:00 a.m. (New
York City time) on each Determination Date, the Servicer shall deliver to the
Owner Trustee, the Indenture Trustee and the Depositor, with a copy to each
Rating Agency and Merrill Lynch, Pierce, Fenner &

                                      32
<PAGE>

Smith Incorporated, a Servicer's Certificate containing all information
necessary to make the distributions to be made on the related Payment Date
pursuant to Section 5.06 for the related Collection Period and any other
information the Indenture Trustee may reasonably request. Such Servicer's
Certificate shall be certified by a Responsible Officer of the Servicer that
the information provided is complete and no defaults have occurred. With
respect to each Collection Period, Receivables to be purchased by the Servicer
or to be repurchased by the Seller and each Receivable that became a
Liquidated Receivable, in each case, during such Collection Period shall be
identified by the Servicer by account number with respect to such Receivable
(as specified in the applicable Schedule of Receivables).

         Section 4.10. Annual Statement as to Compliance; Notice of Servicer
Termination Event.

         (a) The Servicer shall deliver to the Owner Trustee, the Indenture
Trustee and each Rating Agency, within 120 days after the end of the
Servicer's fiscal year, an Officer's Certificate signed by a Responsible
Officer of the Servicer, stating that (i) a review of the activities of the
Servicer during the preceding 12-month period (or such shorter period in the
case of the first such Officer's Certificate) and of the performance of its
obligations under this Agreement has been made under such officer's
supervision and (ii) to such officer's knowledge, based on such review, the
Servicer has fulfilled all its obligations under this Agreement throughout
such period or, if there has been a default in the fulfillment of any such
obligation, specifying each such default known to such officer and the nature
and status thereof.

         (b) The Servicer shall deliver to the Owner Trustee, the Indenture
Trustee and each Rating Agency, promptly after having obtained knowledge
thereof, but in no event later than two Business Days thereafter, written
notice in an Officer's Certificate of any event that is, or with the giving of
notice or lapse of time or both would become, a Servicer Termination Event
under Section 8.01.

         Section 4.11. Annual Independent Accountants' Report. The Servicer
shall cause a firm of independent certified public accountants, which may also
render other services to the Servicer or its Affiliates, to deliver to the
Owner Trustee, the Indenture Trustee and each Rating Agency, within 120 days
after the end of each fiscal year, commencing with the fiscal year ending
December 31, 2002, a report addressed to the Board of Directors of the
Servicer, the Owner Trustee and the Indenture Trustee, to the effect that such
firm has audited the books and records of the Servicer and issued its report
thereon and that (i) such audit was made in accordance with generally accepted
auditing standards and accordingly included such tests of the accounting
records and such other auditing procedures as such firm considered necessary
in the circumstances; (ii) the firm is independent of the Depositor and the
Servicer within the meaning of the Code of Professional Ethics of the American
Institute of Certified Public Accountants; (iii) a review in accordance with
agreed-upon procedures was made of the Servicer's Certificates relating to
such fiscal year, including the delinquency, default and loss statistics
required to be specified therein and, except as disclosed in the accountants'
report, no exceptions or errors in the Servicer's Certificates were found; and
(iv) a review in accordance with agreed-upon procedures was made of the
Servicer's compliance with its servicing obligations in this Agreement,
including without limitation the obligations of the Servicer set forth in
Section

                                      33
<PAGE>

4.02(b) hereof, and, except as disclosed in the accountants' report, no
exceptions to such compliance were found.

         Section 4.12. Access to Certain Documentation and Information
Regarding Receivables. The Servicer shall provide to representatives of the
Owner Trustee, the Indenture Trustee, the Certificateholders and the
Noteholders reasonable access to the documentation regarding the Receivables
and the related Trust property. Access shall be afforded without charge, but
only upon reasonable request, which does not unreasonably interfere with the
Servicer's normal business operations or employee or customer relations, and
during the normal business hours at the offices of the Servicer. Nothing in
this Section shall affect the obligation of the Servicer to observe any
applicable law prohibiting disclosure of information regarding the Obligors
and the failure of the Servicer to provide access to information as a result
of such obligation shall not constitute a breach of this Section.

         Section 4.13. Term of Servicer. The Servicer hereby covenants and
agrees to act as Servicer under, and for the term of, this Agreement.

         Section 4.14. Access to Information Regarding Trust and Basic
Documents. The Servicer shall furnish to the Owner Trustee from time to time
such information regarding the Trust or the Basic Documents as the Owner
Trustee shall reasonably request. Upon request, the Indenture Trustee shall
furnish to the Owner Trustee annually a copy of the Note Register; provided,
however, the Indenture Trustee shall not be obligated to furnish a copy of the
Note Register more than once each calendar year. The Servicer shall furnish to
the Owner Trustee copies of all documents and reports required to be provided
by the Servicer pursuant to this Article IV of the Sale and Servicing
Agreement.

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<PAGE>

                                  ARTICLE V

                 DISTRIBUTIONS; STATEMENTS TO SECURITYHOLDERS

         Section 5.01. Establishment of Accounts.

         (a) The Servicer, for the benefit of the Noteholders and the
Certificateholders, shall establish and maintain in the name of the Indenture
Trustee an Eligible Deposit Account (the "Collection Account"), bearing a
designation clearly indicating that the funds deposited therein are held for
the benefit of the Noteholders and the Certificateholders.

         (b) The Issuer, for the benefit of the Noteholders, shall cause the
Indenture Trustee to establish with and maintain in the name of the Indenture
Trustee an Eligible Deposit Account (the "Note Interest Distribution
Account"), bearing a designation clearly indicating that the funds deposited
therein are held for the benefit of the Noteholders.

         (c) The Issuer, for the benefit of the Noteholders, shall cause the
Indenture Trustee to establish with and maintain in the name of the Indenture
Trustee an Eligible Deposit Account (the "Principal Distribution Account"),
bearing a designation clearly indicating that the funds deposited therein are
held for the benefit of the Noteholders.

         (d) The Issuer, for the benefit of the Noteholders, shall cause the
Indenture Trustee to establish with and maintain, in the name of the Indenture
Trustee, an Eligible Deposit Account (the "Reserve Account"), bearing a
designation clearly indicating that the funds deposited therein are held for
the benefit of the Noteholders.

         (e) [Reserved].

         (f) [Reserved].

         (g) Funds on deposit in the Collection Account and the Reserve
Account shall be invested by the Indenture Trustee in Eligible Investments
selected in writing by the Servicer; provided, however, that if the Servicer
fails to select any Eligible Investment, the Indenture Trustee shall invest
such funds in an Eligible Investment described in clause (d) of the definition
of "Eligible Investment" herein. All such Eligible Investments shall be held
by the Indenture Trustee for the benefit of the Noteholders and/or the
Certificateholders, as applicable. Other than as permitted in writing by the
Rating Agencies, funds on deposit in the Trust Accounts shall be invested in
Eligible Investments that will mature not later than the Business Day
immediately preceding the next Payment Date. If the Servicer shall so request,
funds deposited in a Trust Account on a day that immediately precedes a
Payment Date upon the maturity of any Eligible Investments may, at the
discretion of the Indenture Trustee, be invested overnight.

         (h) In the event that there are Net Investment Losses in Eligible
Investments chosen by the Servicer, the Servicer shall deposit into the
Collection Account, no later than one (1) Business Day prior to the Payment
Date, the amount of the Net Investment Losses. The Indenture Trustee shall not
be held liable in any way for any Net Investment Losses, except for losses
attributable to the Indenture Trustee's failure to make payments on such
Eligible

                                      35
<PAGE>

Investments issued by the Indenture Trustee, in its commercial capacity
as principal obligor and not as Indenture Trustee, in accordance with their
terms.

         (i) (i) The Indenture Trustee shall possess all right, title and
interest in all funds and investment property on deposit from time to time in
or credited to the Trust Accounts and in all proceeds thereof (including all
income thereon) and all such funds, investment property, proceeds and income
shall be part of the Trust Estate, except as otherwise set forth herein. The
Trust Accounts shall be under the sole dominion and control of the Indenture
Trustee for the benefit of the Noteholders and, as applicable, the
Certificateholders. If, at any time, any Trust Account ceases to be an
Eligible Deposit Account, the Indenture Trustee (or the Servicer on its
behalf) shall within 10 Business Days (or such longer period, not to exceed 30
calendar days, as to which each Rating Agency may consent) establish a new
Trust Account as an Eligible Deposit Account and shall transfer any cash
and/or any investments from the account that is no longer an Eligible Deposit
Account to the Trust Account.

             (ii) With respect to the Trust Account Property, the
         Indenture Trustee agrees, by its acceptance hereof, and subject to
         the terms of the Securities Account Control Agreement, that:

         (A) any Trust Account Property that is held in deposit accounts shall
be held solely in the Eligible Deposit Accounts, subject to the last sentence
of Section 5.01(i)(i); and each such Eligible Deposit Account shall be subject
to the exclusive custody and control of the Indenture Trustee, and the
Indenture Trustee shall have sole signature authority with respect thereto;

         (B) any Trust Account Property that constitutes Physical Property
shall be delivered to the Indenture Trustee in accordance with paragraph (a)
of the definition of "Delivery" and shall be held, pending maturity or
disposition, solely by the Indenture Trustee or a securities intermediary (as
such term is defined in Section 8-102 of the UCC) acting solely for the
Indenture Trustee;

         (C) any Trust Account Property that is a book-entry security held
through the Federal Reserve System pursuant to federal book-entry regulations
shall be delivered in accordance with paragraph (b) of the definition of
"Delivery" and shall be maintained by the Indenture Trustee, pending maturity
or disposition, through continued book-entry registration of such Trust
Account Property as described in such paragraph;

         (D) any Trust Account Property that is an "uncertificated security"
under Article 8 of the UCC and that is not governed by clause (C) above shall
be delivered to the Indenture Trustee in accordance with paragraph (c) of the
definition of "Delivery" and shall be maintained by the Indenture Trustee,
pending maturity or disposition, through continued registration of the
Indenture Trustee's (or its nominee's) ownership of such security; and

         (E) any Trust Account Property that is a security entitlement shall
be delivered in accordance with paragraph (d) of the definition herein of
"Delivery" and shall be held pending

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<PAGE>

maturity or disposition by the Indenture Trustee or a securities
intermediary acting solely for the Indenture Trustee.

             (iii) The Servicer shall have the power, revocable by the
         Indenture Trustee or by the Owner Trustee with the consent of the
         Indenture Trustee, following a Servicer Termination Event to instruct
         the Indenture Trustee to make withdrawals and payments from the Trust
         Accounts and the Certificate Distribution Account for the purpose of
         withdrawing any amounts deposited in error into such accounts.

         Section 5.02. Collections. The Servicer shall remit to the Collection
Account all payments by or on behalf of the Obligors with respect to the
Receivables (other than Purchased Receivables), all Liquidation Proceeds and
any subsequent Recoveries on the Business Day prior to the Payment Date for so
long as (i) National City is the Servicer, (ii) the Servicer has the Minimum
Required Rating, and (iii) no Servicer Termination Event shall have occurred
and be continuing. Notwithstanding anything herein to the contrary, so long as
the conditions set forth in clauses (i) through (iii) above are satisfied, the
may make any remittance pursuant to the preceding sentence net of the
Servicing Fee payable to the Servicer on the related Payment Date. The
Servicer If (i) National City is no longer the Servicer, (ii) National City no
longer has the Minimum Required Rating, or (iii) a Servicer Termination Event
shall have occurred and be continuing, the Servicer shall remit to the
Collection Account all payments by or on behalf of the Obligors with respect
to the Receivables (other than Purchased Receivables), all Liquidation
Proceeds and any subsequent Recoveries within two Business Days of receipt
thereof. Notwithstanding anything herein to the contrary, so long as National
City is the Servicer, National City may withhold from deposit into the
Collection Account any amounts indicated on the related Servicer's Certificate
as being due and payable to the Seller. For purposes of this Article V, the
phrase "payments by or on behalf of Obligors" shall mean payments made with
respect to the Receivables by Persons other than the Servicer or the Seller.

         Section 5.03. Application of Collections.

         (a) All payments received from or on behalf of an Obligor during each
Collection Period with respect to each Receivable (other than a Purchased
Receivable), shall be applied to interest, fees and principal in accordance
with the Simple Interest Method and the Servicer's customary procedures.
Generally, subject to the foregoing sentence, the Servicer applies obligor
payments, first to interest, second to late charges and certain other charges
and third to unpaid principal.

         (b) Without limitation of Section 5.03(a), if an Obligor on a
Receivable, in addition to making the payment due thereon in a Collection
Period, makes one or more additional scheduled payments in such Collection
Period, the additional scheduled payments made in such Collection Period shall
be treated as a partial principal prepayment and shall be applied to reduce
the principal balance of such Receivable in such Collection Period and, unless
otherwise requested by such Obligor, such Obligor shall not be required to
make any scheduled payment in respect of such Receivable for the number of due
dates corresponding to the number of such additional scheduled payments (the
"Paid-Ahead Period"). During the Paid-Ahead Period, interest shall

                                      37
<PAGE>

continue to accrue on the Principal Balance of such Receivable, as reduced
by the application of such additional scheduled payments.

         Section 5.04. Purchase Amounts. For so long as (i) National City is
the Servicer, (ii) National City has the Minimum Required Rating, and (iii) no
Servicer Termination Event shall have occurred and be continuing, the Servicer
and the Seller shall be entitled pursuant to the first sentence of Section
5.02 to deposit or cause to be deposited the aggregate Purchase Amounts in the
Collection Account on a monthly basis rather than within two Business Days of
receipt. If, however, (i) National City no longer is the Servicer, (ii)
National City no longer has the Minimum Required Rating, or (iii) a Servicer
Termination Event shall have occurred and be continuing, the Servicer or the
Seller shall deposit or cause to be deposited in the Collection Account the
aggregate Purchase Amount with respect to Purchased Receivables within two
Business Days of receipt and the Servicer shall deposit therein all amounts to
be paid under Section 4.07 and Section 9.01 within two Business Days of
receipt.

         Section 5.05. Permitted Withdrawals from Collection Account. On each
Distribution Date, the Indenture Trustee, at the direction of the Servicer,
shall, in addition to, and prior to, the withdrawals from the Collection
Account on such Distribution Date pursuant to Section 5.06(b), make the
following withdrawals from the Collection Account, for the following purposes:

         (a) to withdraw any amount not required to be deposited in the
Collection Account or deposited therein in error; and

         (b) to clear and terminate the Collection Account in connection with
the termination of this Agreement.

         The Servicer shall keep and maintain an accounting, as part of the
monthly Servicer's Certificate prepared by the Servicer, for the purpose of
justifying any withdrawals from the Collection Account pursuant to this
Section 5.05. It is understood that whenever reference is made in this
Agreement to withdrawals by the Servicer from the Collection Account and
distributions by the Servicer of amounts so withdrawn, such withdrawals and
distributions shall be made or caused to be made by the Indenture Trustee in
accordance with written instructions from the Servicer signed by a Responsible
Officer of the Servicer.

         Section 5.06. Distributions.

         (a) On each Determination Date, the Servicer shall calculate all
amounts required to be deposited pursuant to this Section and deliver a
Servicer's Certificate pursuant to Section 4.09.

         (b) On each Payment Date, the Servicer shall instruct the Indenture
Trustee in writing (based on the information contained in the Servicer's
Certificate delivered on the related Determination Date pursuant to Section
4.09) to make payments, deposits and distributions on such Payment Date, to
the extent of funds on deposit in the Collection Account with respect to such
Payment Date (including funds, if any, deposited therein from the Reserve
Account pursuant to Section 5.07(b), pursuant to clauses (i) through (x)
below, in the following order and priority:

                                      38
<PAGE>

                   (i) to the Servicer, from Available Funds, the Servicing
         Fee for the related Collection Period (and any accrued and unpaid
         Servicing Fees from prior Collection Periods);

                   (ii) to the Note Interest Distribution Account, for payment
         to the Class A Noteholders pursuant to Section 5.06(c)(i), from the
         Available Funds remaining after the application of clause (i), the
         Class A Noteholders' Interest Distributable Amount;

                   (iii) to the Principal Distribution Account, for
         distribution pursuant to Section 5.06(d), from the Available Funds
         remaining after the application of clauses (i) and (ii), the First
         Priority Principal Distribution Amount, if any;

                   (iv) to the Note Interest Distribution Account, for payment
         to the Class B Noteholders pursuant to Section 5.06(c)(ii), from the
         Available Funds remaining after the application of clauses (i)
         through (iii), the Class B Noteholders' Interest Distributable
         Amount;

                   (v) to the Principal Distribution Account, for distribution
         pursuant to Section 5.06(d), from the Available Funds remaining after
         the application of clauses (i) through (iv), the Second Priority
         Principal Distribution Amount, if any, reduced by any First Priority
         Principal Distribution Amount paid pursuant to clause (iii) above;

                   (vi) to the Note Interest Distribution Account, for payment
         to the Class C Noteholders pursuant to Section 5.06(c)(iii), from the
         Available Funds remaining after the application of clauses (i)
         through (v), the Class C Noteholders' Interest Distributable Amount;

                   (vii) to the Principal Distribution Account, for
         distribution pursuant to Section 5.06(d), from the Available Funds
         remaining after the application of clauses (i) through (vi), the
         Regular Note Principal Distribution Amount, reduced by any First
         Priority Principal Distribution Amount paid pursuant to clause (iii)
         above and any Second Priority Principal Distribution Amount paid
         pursuant to clause (v) above;

                   (viii) to the Reserve Account, from the Available
         Collections remaining after the application of clauses (i) through
         (vii), any deficiency in the Specified Reserve Account Balance;

                   (ix) to the applicable party, from the Available
         Collections remaining after the application of clauses (i) through
         (viii), any accrued and unpaid fees, expenses and indemnification
         expenses owed to such party under any of the Basic Documents
         (including legal fees and expenses), to the extent not paid pursuant
         to clauses (i) through (viii); and

                   (x) the remainder, if any, of the Available Collections and
         the Reserve Account Excess Amount, if any, to the Certificate
         Distribution Account for distribution to the Holders of the
         Certificates.

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<PAGE>

         Notwithstanding that the Notes have been paid in full, the Indenture
Trustee shall continue to maintain the Collection Account and the Principal
Distribution Account hereunder until all amounts distributable on the
Certificates have been distributed to the Holders of the Certificates.

         (c) On each Payment Date, the Servicer shall instruct the Indenture
Trustee in writing (based on the information contained in the Servicer's
Certificate delivered on the related Determination Date pursuant to Section
4.09) to withdraw the funds on deposit in the Note Interest Distribution
Account with respect to the Collection Period preceding such Payment Date and
make payments and distributions on such date pursuant to clauses (i) through
(iii) below, in the following order and priority:

                   (i) to the Class A Noteholders, the Class A Noteholders'
         Interest Distributable Amount for such Payment Date;

                   (ii) to the Class B Noteholders, the Class B Noteholders'
         Interest Distributable Amount for such Payment Date; and

                   (iii) to the Class C Noteholders, the Class C Noteholders'
         Interest Distributable Amount for such Payment Date.

         (d) On each Payment Date, the Servicer shall instruct the Indenture
Trustee in writing (based on the information contained in the Servicer's
Certificate delivered on the related Determination Date pursuant to Section
4.09) to withdraw the funds on deposit in the Principal Distribution Account
with respect to the Collection Period preceding such Payment Date and make
payments and distributions on such date pursuant to clauses (i) through (iii)
below, in the following order and priority:

                   (i) to the Class A Noteholders, in the following order and
         priority, the Class A Principal Distributable Amount for such Payment
         Date:

                         (A) to the Class A-1 Noteholders on account of
                    principal until the Outstanding Amount of the Class A-1
                    Notes is reduced to zero;

                         (B) to the Class A-2 Noteholders on account of
                    principal until the Outstanding Amount of the Class A-2
                    Notes is reduced to zero;

                         (C) to the Class A-3 Noteholders on account of
                    principal until the Outstanding Amount of the Class A-3
                    Notes is reduced to zero; and

                         (D) to the Class A-4 Noteholders on account of
                    principal until the Outstanding Amount of the Class A-4
                    Notes is reduced to zero;

                   (ii) to the Class B Noteholders, the Class B Principal
         Distributable Amount for such Payment Date; and

                                      40
<PAGE>

                   (iii) to the Class C Noteholders, the Class C Principal
         Distributable Amount for such Payment Date.

         Notwithstanding the foregoing, subject to the provisions of Section
5.04(b) of the Indenture, (A) following the occurrence and during the
continuation of an Event of Default specified in Section 5.01(i), 5.01(ii),
5.01(iv) or 5.01(v) of the Indenture which has resulted in an acceleration of
the Notes (or following the occurrence of any such event after an Event of
Default specified in Section 5.01(iii) of the Indenture has occurred and the
Notes have been accelerated), the Servicer shall instruct the Indenture
Trustee to transfer the funds on deposit in the Collection Account remaining
after the application of clauses 5.06(b)(i) and (ii) above to the Principal
Distribution Account to the extent necessary to reduce the principal amount of
all the Class A Notes to zero, or, if the Class A Notes shall have been paid
in full, to transfer the funds on deposit in the Collection Account remaining
after the application of clauses 5.06(b)(i) through (iv) above to the
Principal Distribution Account to the extent necessary to reduce the principal
amount of all the Class B Notes to zero, or, if the Class A Notes and Class B
Notes shall have been paid in full, to transfer the funds on deposit in the
Collection Account remaining after the application of clauses 5.06(b)(i)
through (vi) above to the Principal Distribution Account to the extent
necessary to reduce the principal amount of all the Class C Notes to zero, (B)
following the occurrence and during the continuation of an Event of Default
specified in Section 5.01(iii) of the Indenture, which has resulted in an
acceleration of the Notes, the Servicer shall instruct the Indenture Trustee
to transfer the funds on deposit in the Collection Account remaining after the
application of clauses 5.06(b)(i) through (vii) above to the Principal
Distribution Account to the extent necessary to reduce the principal amount of
all the Notes to zero, and (C) in the case of an event described in clause (A)
or (B), the Holders of the Certificates will not receive any distributions
until the principal amount and accrued interest on all the Notes has been paid
in full. Notwithstanding clauses (A) through (D) of Section 5.06(d)(i), if the
Notes shall have been accelerated pursuant to Section 5.02 of the Indenture,
amounts payable under Section 5.06(d)(i) shall be applied to the repayment of
principal of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and
the Class A-4 Notes pro rata on the basis of the respective Outstanding
Amounts of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and
the Class A-4 Notes.

         Section 5.07. Reserve Account.

         (a) On or prior to the Closing Date the Issuer shall cause to have
deposited an amount equal to the Reserve Initial Deposit into the Reserve
Account from the net proceeds of the sale of the Securities. The Reserve
Account shall be an asset of the Issuer.

         (b) On each Payment Date, the Servicer shall instruct the Indenture
Trustee in writing (based on the information contained in the Servicer's
Certificate delivered on the related Determination Date pursuant to Section
4.09) to withdraw the Reserve Account Withdrawal Amount, if any, and the
Reserve Account Excess Amount, if any, from the Reserve Account and deposit
such Reserve Account Withdrawal Amount and such Reserve Account Excess Amount
into the Collection Account for distribution in the order of priority set
forth in Section 5.06(b) no later than 12:00 noon, New York City time, on the
Business Day prior to the related Payment Date.

                                      41
<PAGE>

         (c) In the event that, on any Payment Date, the amount on deposit in
the Reserve Account shall be less than the Specified Reserve Account Balance,
the Available Collections remaining after the payment of the amounts set forth
in Section 5.06(b)(i) through (vii), up to an amount equal to such shortfall,
shall be deposited by the Indenture Trustee to the Reserve Account on such
Payment Date.

         (d) Subject to Section 9.01, amounts will continue to be applied
pursuant to Section 5.06 following payment in full of all of the Outstanding
Amount of the Notes until the Pool Balance is reduced to zero. Following the
payment in full of the aggregate Outstanding Amount of the Notes and of all
other amounts owing or to be distributed hereunder or under the Indenture or
the Trust Agreement to Noteholders and the termination of the Trust, any
amount then allocated to the Reserve Account shall be paid to the Certificate
Distribution Account for distribution to the Certificateholders.

         Section 5.08. Statements to Securityholders. On each Determination
Date, the Servicer shall provide to the Indenture Trustee (with a copy to each
Rating Agency, Merrill Lynch, Pierce, Fenner & Smith Incorporated and each
Paying Agent (if any)) for the Indenture Trustee to forward to each Noteholder
of record as of the most recent Record Date and to the Owner Trustee (with a
copy to each Paying Agent (if any)) for the Owner Trustee to forward to each
Certificateholder of record as of the most recent Record Date a statement
substantially in the form of Exhibit B setting forth at least the following
information as to the Securities to the extent applicable:

         (a) the amount of collections received with respect to the
Receivables during the related Collection Period and allocable to principal
for each Class of Notes on such Payment Date;

         (b) the amount of collections received with respect to the
Receivables during the related Collection Period and allocable to interest for
each Class of Notes on such Payment Date;

         (c) the Outstanding Amount of each Class of Notes and the Note Pool
Factor for each such Class as of the close of business on the preceding
Payment Date, after giving effect to payments allocated to principal reported
under clause (a) above;

         (d) the amount of the Servicing Fee paid to the Servicer on such
Payment Date;

         (e) the amount of the First Priority Principal Distribution Amount,
if any, for such Payment Date;

         (f) the amount of the Second Priority Principal Distribution Amount,
if any, for such Payment Date;

         (g) the amount of the Regular Note Principal Distribution Amount for
such Payment Date;

         (h) the aggregate amounts of Realized Losses, if any, and Cram Down
Losses, if any, separately identified, with respect to the related Collection
Period;

                                      42
<PAGE>

         (i) the Pool Balance as of the close of business on the last day of
the related Collection Period, after giving effect to payments allocated to
principal reported under clause (a) above;

         (j) the balance of the Reserve Account on the related Determination
Date after giving effect to deposits and withdrawals to be made on such
Payment Date, if any;

         (k) the amount of any deposit to the Reserve Account and the amount
and application of any funds withdrawn from the Reserve Account, in each case
with respect to such Payment Date;

         (l) the aggregate principal balance of all Receivables that became
Liquidated Receivables or Purchased Receivables during the related Collection
Period;

         (m) the aggregate principal balance and number of Receivables that
are 30 to 59 days, 60 to 89 days or 90 days or more delinquent as of the last
day of the related Collection Period;

         (n) the Class A-1 Interest Carryover Shortfall, the Class A-2
Interest Carryover Shortfall, the Class A-3 Interest Carryover Shortfall, the
Class A-4 Interest Carryover Shortfall, the Class B Interest Carryover
Shortfall and the Class C Interest Carryover Shortfall, in each case after
giving effect to payments on such Payment Date, and any change in such amounts
from the preceding statement;

         (o) the Class A-1 Principal Carryover Shortfall, the Class A-2
Principal Carryover Shortfall, the Class A-3 Principal Carryover Shortfall,
the Class A-4 Principal Carryover Shortfall, the Class B Principal Carryover
Shortfall and the Class C Principal Carryover Shortfall, in each case after
giving effect to payments on such Payment Date, and any change in such amounts
from the preceding statement;

         (p) the aggregate Purchase Amounts for Receivables, if any, that were
or are to be purchased during or with respect to such Collection Period;

         (q) the aggregate Principal Balance and number of all Receivables
with respect to which the related Financed Vehicle was repossessed; and

         (r) the aggregate Principal Balance and number of Receivables with
respect to which the Servicer granted an extension.

         Each amount set forth on the Payment Date Statement under clauses
(a), (b), (d), (e), (f), (g), (n) or (o) above shall also be expressed as a
dollar amount per $1,000 of original principal balance of a Note.

                                      43
<PAGE>

                                  ARTICLE VI

                                 THE DEPOSITOR

         Section 6.01. Representations of Depositor. The Depositor makes the
following representations to the Issuer, the Servicer, the Indenture Trustee
and the Seller. The Issuer relies on such representations in accepting the
Receivables and delivering the Securities. Such representations speak as of
the execution and delivery of this Agreement and as of the Closing Date, and
shall survive the sale, transfer and assignment of the Receivables by the
Depositor to the Issuer and the pledge thereof to the Indenture Trustee in
accordance with the terms of the Indenture.

         (a) Organization and Good Standing. The Depositor is duly organized
and validly existing as a corporation in good standing under the laws of the
State of Delaware, with the corporate power and authority to own its
properties and to conduct its business as such properties are currently owned
and such business is presently conducted.

         (b) Due Qualification. The Depositor is duly qualified to do business
as a foreign corporation in good standing, and has obtained all necessary
licenses and approvals in all jurisdictions where the failure to do so would
materially and adversely affect the Depositor's ability to transfer the
Receivables to the Trust pursuant to this Agreement or the validity or
enforceability of the Receivables.

         (c) Power and Authority. The Depositor has the corporate power and
authority to execute and deliver this Agreement and the other Basic Documents
to which it is a party and to carry out their respective terms; the Depositor
has full power and authority to sell and assign the property to be sold and
assigned to and deposited with the Issuer, and the Depositor shall have duly
authorized such sale and assignment to the Issuer by all necessary corporate
action; and the execution, delivery and performance of this Agreement and the
other Basic Documents to which the Depositor is a party have been duly
authorized by the Depositor by all necessary corporate action.

         (d) Binding Obligation. This Agreement and the other Basic Documents
to which the Depositor is a party, when duly executed and delivered by the
other parties hereto and thereto, shall constitute legal, valid and binding
obligations of the Depositor, enforceable against the Depositor in accordance
with their respective terms, except as the enforceability thereof may be
limited by bankruptcy, insolvency, reorganization or similar laws now or
hereafter in effect relating to or affecting creditors' rights generally and
to general principles of equity (whether applied in a proceeding at law or in
equity).

         (e) No Violation. The consummation of the transactions contemplated
by this Agreement and the other Basic Documents and the fulfillment of the
terms of this Agreement and the other Basic Documents shall not conflict with,
result in any breach of any of the terms or provisions of or constitute (with
or without notice or lapse of time, or both) a default under, the certificate
of incorporation or bylaws of the Depositor, or any indenture, agreement,
mortgage, deed of trust or other instrument to which the Depositor is a party
or by which it is bound; or

                                      44
<PAGE>

result in the creation or imposition of any Lien upon any of its
properties pursuant to the terms of any such indenture, agreement, mortgage,
deed of trust or other instrument, other than this Agreement and the other
Basic Documents; or violate any law, order, rule or regulation applicable to
the Depositor of any court or federal or state regulatory body, administrative
agency or other governmental instrumentality having jurisdiction over the
Depositor.

         (f) No Proceedings. There are no proceedings or investigations
pending or, to the Depositor's knowledge, threatened, against the Depositor
before any court, regulatory body, administrative agency or other tribunal or
governmental instrumentality having jurisdiction over the Depositor or its
properties: (i) asserting the invalidity of this Agreement or any other Basic
Document; (ii) seeking to prevent the issuance of the Notes or the
Certificates or the consummation of any of the transactions contemplated by
this Agreement or any other Basic Document; (iii) seeking any determination or
ruling that might materially and adversely affect the performance by the
Depositor of its obligations under, or the validity or enforceability of, this
Agreement or any other Basic Document; or (iv) seeking to adversely affect the
federal income tax attributes of the Trust, the Notes or the Certificates.

         (g) No Consents. The Depositor is not required to obtain the consent
of any other party or any consent, license, approval, registration,
authorization, or declaration of or with any governmental authority, bureau or
agency in connection with the execution, delivery, performance, validity or
enforceability of this Agreement or any other Basic Document to which it is a
party that has not already been obtained.

         Section 6.02. Corporate Existence. During the term of this Agreement,
the Depositor will keep in full force and effect its existence, rights and
franchises as a corporation under the laws of the jurisdiction of its
incorporation and will obtain and preserve its qualification to do business in
each jurisdiction in which such qualification is or shall be necessary to
protect the validity and enforceability of this Agreement, the Basic Documents
and each other instrument or agreement necessary or appropriate to the proper
administration of this Agreement and the transactions contemplated hereby. In
addition, all transactions and dealings between the Depositor and its
Affiliates will be conducted on an arm's-length basis.

         Section 6.03. Liability of Depositor; Indemnities. The Depositor
shall be liable in accordance herewith only to the extent of the obligations
specifically undertaken by the Depositor under this Agreement (which shall not
include distributions on account of the Notes or the Certificates).

         Section 6.04. Merger or Consolidation of, or Assumption of the
Obligations of, Depositor. Any Person with which the Depositor shall merge or
consolidate or which the Depositor shall permit to become the successor to the
Depositor's business shall execute an agreement of assumption of every
obligation of the Depositor under this Agreement and the other Basic
Documents. Whether or not such assumption agreement is executed, such
successor Person shall be the successor to the Depositor under this Agreement
without the execution or filing of any document or any further act on the part
of any of the parties to this Agreement. The Depositor shall provide prompt
notice of any merger, consolidation or succession pursuant to this Section
6.04 to the Owner Trustee, the Indenture Trustee, the Servicer, the
Securityholders and

                                      45
<PAGE>

the Rating Agencies. Notwithstanding the foregoing, the Depositor shall
not merge or consolidate with any other Person or permit any other Person to
become a successor to the Depositor's business unless (w) immediately after
giving effect to such transaction, no representation or warranty made pursuant
to Section 3.02 or 6.01 shall have been breached (for purposes hereof, such
representations and warranties shall speak as of the date of the consummation
of such transaction), (x) the Depositor shall have delivered to the Owner
Trustee, the Indenture Trustee and the Servicer an Officer's Certificate and
an Opinion of Counsel each stating that such consolidation, merger or
succession and such agreement of assumption comply with this Section 6.04 and
that all conditions precedent provided for in this Agreement relating to such
transaction have been complied with, (y) the Rating Agency Condition shall
have been satisfied and (z) the Depositor shall have delivered to the Owner
Trustee, the Indenture Trustee and the Servicer an Opinion of Counsel stating
that, in the opinion of such counsel, either (A) all financing statements and
continuation statements and amendments thereto have been executed and filed
that are necessary to preserve and protect the interest of the Trust in the
Receivables and reciting the details of such filings or (B) no such action is
necessary to preserve and protect such interest.

         Section 6.05. Limitation on Liability of Depositor and Others. The
Depositor and any director, officer, employee or agent of the Depositor may
rely in good faith on the advice of counsel or on any document of any kind,
prima facie properly executed and submitted by any Person respecting any
matters arising hereunder. The Depositor shall be under no obligation to
appear in, prosecute or defend any legal action that shall not be incidental
to its obligations under this Agreement and that in its opinion may involve it
in any expense or liability.

         Section 6.06. Depositor May Own Securities. The Depositor and any
Affiliate thereof may in its individual or any other capacity become the owner
or pledgee of Securities with the same rights as it would have if it were not
the Depositor or an Affiliate thereof, except as expressly provided herein or
in any Basic Document.

         Section 6.07. Depositor to Provide Copies of Relevant Securities
Filings. The Depositor shall provide or cause to be provided to the Servicer a
copy of any document filed by the Depositor subsequent to the date hereof with
the Securities and Exchange Commission pursuant to the Securities Act of 1933
or the Securities Exchange Act of 1934 that relate specifically to the Trust,
the Notes or the Certificates.

         Section 6.08. Amendment of Depositor's Organizational Documents. The
Depositor shall not amend its organizational documents except in accordance
with the provisions thereof.

                                      46
<PAGE>

                                 ARTICLE VII

                                 THE SERVICER

         Section 7.01. Representations of Servicer. The Servicer makes the
following representations upon which the Issuer is deemed to have relied in
acquiring the Receivables. Such representations speak as of the execution and
delivery of this Agreement and as of the Closing Date, and shall survive the
sale of the Receivables to the Issuer and the pledge thereof to the Indenture
Trustee in accordance with the terms of the Indenture.

         (a) Organization and Good Standing. The Servicer is a national
banking association duly organized and validly existing as a banking
institution under the laws of the United States and continues to hold a valid
certificate to do business as such. The Servicer is duly authorized to own its
properties and transact its business and is in good standing in each
jurisdiction in which the character of the business transacted by it or any
properties owned or leased by it requires such authorization and in which the
failure to be so authorized would have a material adverse effect on the
business, properties, assets, or condition (financial or other) of the
Servicer and its subsidiaries, considered as one enterprise. The Servicer has,
and at all relevant times had, the power, authority and legal right to
acquire, own, and service the Receivables.

         (b) Licenses and Approvals. The Servicer has obtained all necessary
licenses and approvals, in all jurisdictions where the failure to do so would
materially and adversely affect the Servicer's ability to acquire, own and
service the Receivables.

         (c) Power and Authority. The Servicer has the power and authority to
execute and deliver this Agreement and the other Basic Documents to which it
is a party and to carry out their respective terms; and the execution,
delivery and performance of this Agreement and the other Basic Documents to
which it is a party have been duly authorized by the Servicer by all necessary
action.

         (d) Binding Obligation. This Agreement and the other Basic Documents
to which it is a party constitute legal, valid and binding obligations of the
Servicer, enforceable against the Servicer in accordance with their respective
terms, except as the enforceability thereof may be limited by bankruptcy,
insolvency, reorganization or other similar laws affecting the enforcement of
creditors' rights generally and to general principles of equity whether
applied in a proceeding in equity or at law.

         (e) No Violation. The consummation of the transactions contemplated
by this Agreement and the other Basic Documents to which it is a party and the
fulfillment of their respective terms shall not conflict with, result in any
breach of any of the terms and provisions of, or constitute (with or without
notice or lapse of time or both) a default under, the articles of association
or bylaws of the Servicer, or any indenture, agreement, mortgage, deed of
trust or other instrument to which the Servicer is a party or by which it is
bound; or result in the creation or imposition of any Lien upon any of its
properties pursuant to the terms of any such indenture, agreement, mortgage,
deed of trust or other instrument, other than this Agreement and the other
Basic Documents, or violate any law, order, rule or regulation applicable to
the Servicer of any

                                      47
<PAGE>

court or federal or state regulatory body, administrative agency or other
governmental instrumentality having jurisdiction over the Servicer or any of
its properties.

         (f) No Proceedings. There are no proceedings or investigations
pending or, to the Servicer's knowledge, threatened, against the Servicer
before any court, regulatory body, administrative agency or other tribunal or
governmental instrumentality having jurisdiction over the Servicer or its
properties: (i) asserting the invalidity of this Agreement or any of the other
Basic Documents; (ii) seeking to prevent the issuance of the Securities or the
consummation of any of the transactions contemplated by this Agreement or any
of the other Basic Documents; (iii) seeking any determination or ruling that
might materially and adversely affect the performance by the Servicer of its
obligations under, or the validity or enforceability of, this Agreement or any
of the other Basic Documents; or (iv) seeking to adversely affect the federal
income tax or other federal, state or local tax attributes of the Securities.

         Section 7.02. Indemnities of Servicer. The Servicer shall be liable
in accordance herewith only to the extent of the obligations specifically
undertaken by the Servicer and the representations made by the Servicer under
this Agreement:

         (a) The Servicer shall indemnify, defend and hold harmless the
Issuer, the Owner Trustee, the Indenture Trustee, the Securityholders and the
Depositor and any of the officers, directors, employees and agents of the
Issuer, the Owner Trustee and the Indenture Trustee from and against any and
all costs, expenses, losses, damages, claims and liabilities arising out of or
resulting from the use, ownership or operation by the Servicer or any
Affiliate thereof of a Financed Vehicle, excluding any losses incurred in
connection with the sale of any repossessed Financed Vehicles in a
commercially reasonable manner and in compliance with the terms of this
Agreement.

         (b) The Servicer shall indemnify, defend and hold harmless the
Issuer, the Owner Trustee, the Indenture Trustee, the Depositor, and their
respective officers, directors, agents and employees, and the Securityholders,
from and against any taxes that may at any time be asserted against any of
such parties with respect to the transactions contemplated in this Agreement,
including any sales, gross receipts, tangible or intangible personal property,
privilege or license taxes (but not including any federal or other income
taxes, including franchise taxes asserted with respect to, and as of the date
of, the transfer of the Receivables to the Trust or the issuance and original
sale of the Securities), and any reasonable costs and expenses in defending
against the same.

         (c) The Servicer shall indemnify, defend and hold harmless the
Issuer, the Owner Trustee, the Indenture Trustee, the Depositor, the
Securityholders and any of the officers, directors, employees or agents of the
Issuer, the Owner Trustee, the Depositor and the Indenture Trustee from and
against any and all costs, expenses, losses, claims, damages and liabilities
to the extent that such cost, expense, loss, claim, damage or liability arose
out of, or was imposed upon any such Person through, the gross negligence,
willful misfeasance or bad faith of the Servicer in the performance of its
duties under this Agreement or by reason of reckless disregard of its
obligations and duties under this Agreement.

                                      48
<PAGE>

         For purposes of this Section, in the event of the termination of the
rights and obligations of National City (or any successor thereto pursuant to
Section 7.03) as Servicer pursuant to Section 8.02, or the resignation by such
Servicer pursuant to this Agreement, such Servicer shall be deemed to be the
Servicer pending appointment of a successor Servicer (other than the Indenture
Trustee) pursuant to Section 8.03.

         Indemnification under this Section shall survive the resignation or
removal of the Servicer or the termination of this Agreement with respect to
acts of the Servicer prior thereto, and shall include reasonable fees and
expenses of counsel and reasonable expenses of litigation. If the Servicer
shall have made any indemnity payments pursuant to this Section and the Person
to or on behalf of whom such payments are made thereafter collects any of such
amounts from others, such Person shall promptly repay such amounts to the
Servicer, without interest.

         Section 7.03. Merger or Consolidation of, or Assumption of the
Obligations of, Servicer. Any Person (i) into which the Servicer may be merged
or consolidated, (ii) resulting from any merger or consolidation to which the
Servicer shall be a party, (iii) that acquires by conveyance, transfer or
lease substantially all of the assets of the Servicer or (iv) succeeding to
the business of the Servicer, which Person shall execute an agreement of
assumption to perform every obligation of the Servicer under this Agreement,
shall be the successor to the Servicer under this Agreement without the
execution or filing of any paper or any further act on the part of any of the
parties to this Agreement. The Servicer shall provide notice of any merger,
consolidation or succession pursuant to this Section 7.03 to the Owner
Trustee, the Indenture Trustee and each Rating Agency. Notwithstanding the
foregoing, the Servicer shall not merge or consolidate with any other Person
or permit any other Person to become a successor to the Servicer's business
unless (i) immediately after giving effect to such transaction, no
representation or warranty made pursuant to Section 7.01 shall have been
breached (for purposes hereof, such representations and warranties shall speak
as of the date of the consummation of such transaction) and no event that,
after notice or lapse of time or both, would become a Servicer Termination
Event shall have occurred, (ii) the Servicer shall have delivered to the Owner
Trustee and the Indenture Trustee an Officer's Certificate and an Opinion of
Counsel each stating that such consolidation, merger or succession and such
agreement of assumption comply with this Section 7.03 and that all conditions
precedent provided for in this Agreement relating to such transaction have
been complied with and (iii) the Servicer shall have delivered to the Owner
Trustee and the Indenture Trustee an Opinion of Counsel stating that either
(A) all financing statements and continuation statements and amendments
thereto have been executed and filed that are necessary to preserve and
protect the interest of the Trust and the Indenture Trustee, respectively, in
the assets of the Trust and reciting the details of such filings or (B) no
such action shall be necessary to preserve and protect such interest.

         Section 7.04. Limitation on Liability of Servicer and Others.

         (a) Neither the Servicer nor any of its directors, officers,
employees or agents shall be under any liability to the Issuer, the Depositor,
the Indenture Trustee, the Owner Trustee, the Noteholders or the
Certificateholders, except as provided in this Agreement, for any action taken
or for refraining from the taking of any action in good faith pursuant to this
Agreement; provided, however, that this provision shall not protect the
Servicer against any liability that

                                      49
<PAGE>

would otherwise be imposed by reason of a breach of this Agreement or
willful misfeasance, bad faith or negligence in the performance of duties. The
Servicer and any director, officer, employee or agent of the Servicer may
conclusively rely in good faith on the written advice of counsel or on any
document of any kind prima facie properly executed and submitted by any Person
respecting any matters arising under this Agreement.

         (b) The parties expressly acknowledge and consent to the Indenture
Trustee simultaneously acting in the capacity of successor Servicer and
Indenture Trustee. The Indenture Trustee may, in such capacities, discharge
its separate functions fully, without hindrance or regard to conflict of
interest principles, duty of loyalty principles or other breach of fiduciary
duties to the extent that any such conflict or breach arises from the
performance by the Indenture Trustee of express duties set forth in this
Agreement in any of such capacities.

         Section 7.05. [Reserved].

         Section 7.06. Servicer Not to Resign.

         (a) Subject to the provisions of Section 7.03, the Servicer shall not
resign from the obligations and duties imposed on it by this Agreement as
Servicer except upon a determination that the performance of its duties under
this Agreement shall no longer be permissible under applicable law.

         (b) Notice of any determination that the performance by the Servicer
of its duties hereunder is no longer permitted under applicable law shall be
communicated to the Owner Trustee and the Indenture Trustee at the earliest
practicable time (and, if such communication is not in writing, shall be
confirmed in writing at the earliest practicable time) and any such
determination shall be evidenced by an Opinion of Counsel to such effect
delivered by the Servicer to the Owner Trustee and the Indenture Trustee
concurrently with or promptly after such notice. No resignation of the
Servicer shall become effective until a successor Servicer acceptable to the
Controlling Party shall have assumed the responsibilities and obligations of
the Servicer in accordance with Section 8.03. If no Servicer has been
appointed within 30 days of resignation or removal, the Controlling Party may
petition any court of competent jurisdiction for such appointment.

                                      50
<PAGE>

                                 ARTICLE VIII

                                    DEFAULT

         Section 8.01. Servicer Termination Events. For purposes of this
Agreement, the occurrence and continuance of any of the following shall
constitute a "Servicer Termination Event":

         (a) any failure by the Servicer to deposit into the Collection
Account any proceeds or payment required to be so delivered under the terms of
this Agreement that continues unremedied for a period of five Business Days
after written notice is received by the Servicer or after discovery of such
failure by a Responsible Officer of the Servicer;

         (b) failure by the Servicer to deliver to the Owner Trustee, the
Indenture Trustee and the Seller the Servicer's Certificate by the applicable
Determination Date, or to observe any covenant or agreement set forth in
Section 4.06, which failure (i) materially and adversely affects the rights of
the Securityholders and (ii) continues unremedied for a period of thirty days
after knowledge thereof by the Servicer or after the date on which written
notice of such failure requiring the same to be remedied shall have been given
to the Servicer by any of the Owner Trustee, the Indenture Trustee or
Noteholders evidencing not less than 25% of the Outstanding Amount of the
Notes;

         (c) failure on the part of the Servicer duly to observe or perform
any other covenants or agreements of the Servicer set forth in this Agreement,
which failure (i) materially and adversely affects the rights of the
Securityholders and (ii) continues unremedied for a period of 60 days after
discovery of such failure by a Responsible Officer of the Servicer or after
the date on which written notice of such failure requiring the same to be
remedied shall have been given to the Servicer by any of the Owner Trustee,
the Indenture Trustee, Noteholders evidencing not less than 25% of the
Outstanding Amount of the Controlling Class or, if no Notes are outstanding,
the Holders of Certificates evidencing not less than 25% of the percentage
interests in the Certificates; or

         (d) the occurrence of an Insolvency Event with respect to the
Servicer.

         Section 8.02. Consequences of a Servicer Termination Event. If a
Servicer Termination Event shall occur, the Indenture Trustee may, and at the
direction of Noteholders evidencing 25% of the Outstanding Amount of the
Controlling Class or, if no Notes are Outstanding, the Holders of Certificates
evidencing not less than 25% of the percentage interests in the Certificates,
shall terminate all of the rights and obligations of the Servicer under this
Agreement by notice in writing to the Servicer. On or after the receipt by the
Servicer of such written notice, all authority, power, obligations and
responsibilities of the Servicer under this Agreement automatically shall pass
to, be vested in and become obligations and responsibilities of the successor
Servicer appointed by the Controlling Party; provided, however, that such
successor Servicer shall have no liability with respect to any obligation that
was required to be performed by the terminated Servicer prior to the date that
such successor Servicer becomes the Servicer or any claim of a third party
based on any alleged action or inaction of the terminated Servicer. The

                                      51
<PAGE>

successor Servicer is authorized and empowered by this Agreement to execute
and deliver, on behalf of the terminated Servicer, as attorney-in-fact or
otherwise, any and all documents and other instruments and to do or accomplish
all other acts or things necessary or appropriate to effect the purposes of
such notice of termination, whether to complete the transfer and endorsement
of the Receivables and related documents to show the Indenture Trustee (or the
Owner Trustee if the Notes have been paid in full) as lienholder or secured
party on the related certificates of title of the Financed Vehicles or
otherwise. The terminated Servicer agrees to cooperate with the successor
Servicer in effecting the termination of the responsibilities and rights of
the terminated Servicer under this Agreement, including the transfer to the
successor Servicer for administration by it of all money and property held by
the Servicer with respect to the Receivables and other records relating to the
Receivables, including any portion of the Receivables File held by the
Servicer and a computer tape in readable form as of the most recent Business
Day containing all information necessary to enable the successor Servicer to
service the Receivables. The terminated Servicer shall also provide the
successor Servicer access to Servicer personnel and computer records in order
to facilitate the orderly and efficient transfer of servicing duties.

         Section 8.03. Appointment of Successor Servicer.

         (a) On and after the time the Servicer receives a notice of
termination pursuant to Section 8.02 or upon the resignation of the Servicer
pursuant to Section 7.06, the Indenture Trustee shall be the successor in all
respects to the Servicer in its capacity as Servicer under this Agreement and
shall be subject to all the rights, responsibilities, restrictions, duties,
liabilities and termination provisions relating to the Servicer under this
Agreement, except as otherwise stated herein. The Depositor, the Owner
Trustee, the Indenture Trustee and such successor Servicer shall take such
action, consistent with this Agreement, as shall be necessary to effectuate
any such succession. If a successor Servicer is acting as Servicer hereunder,
it shall be subject to termination under Section 8.02 upon the occurrence of
any Servicer Termination Event after its appointment as successor Servicer.

         (b) On and after the time the Servicer receives a notice of
termination pursuant to Section 8.02 or upon the resignation of the Servicer
pursuant to Section 7.06, or if the Indenture Trustee is legally unable to act
as Servicer, the Controlling Party may exercise at any time its right to
appoint a successor to the Servicer, and shall have no liability to the Owner
Trustee, the Indenture Trustee, the Servicer, the Depositor, any Noteholders,
any Certificateholders or any other Person if it does so. Notwithstanding the
above, if the Indenture Trustee shall be legally unable or unwilling to act as
Servicer, the Indenture Trustee, the Owner Trustee or Noteholders evidencing
25% of the Outstanding Amount of the Controlling Class or, if no Notes are
outstanding, the Holders of Certificates evidencing not less than 25% of the
percentage interests in the Certificates, may petition a court of competent
jurisdiction to appoint any Eligible Servicer as the successor to the
Servicer. Pending appointment pursuant to the preceding sentence, the
Indenture Trustee shall act as successor Servicer unless it is legally unable
to do so, in which event the outgoing Servicer shall continue to act as
Servicer until a successor has been appointed and accepted such appointment.
The Trustee shall be entitled to withdraw from the Collection Account and
remit to the successor Servicer or such other party entitled thereto all
reasonably incurred Servicer transition costs.

                                      52
<PAGE>

         (c) Upon appointment, the successor Servicer shall be the successor
in all respects to the predecessor Servicer and shall be subject to all the
responsibilities, duties and liabilities arising thereafter relating thereto
placed on the predecessor Servicer, and shall be entitled to the Servicing Fee
and all the rights granted to the predecessor Servicer by the terms and
provisions of this Agreement.

         Section 8.04. Notification to Securityholders. Upon any termination
of, or appointment of a successor to, the Servicer pursuant to this Article
VIII, the Owner Trustee shall give prompt written notice thereof to the
Certificateholders, and the Indenture Trustee shall give prompt written notice
thereof to the Noteholders and each Rating Agency.

         Section 8.05. Waiver of Past Defaults. Noteholders evidencing not
less than a majority of the Outstanding Amount of the Controlling Class or, if
no Notes are Outstanding, the Holders of Certificates evidencing not less than
a majority of the percentage interests in the Certificates may, on behalf of
all Securityholders, waive in writing any default by the Servicer in the
performance of its obligations hereunder and its consequences, except a
default in making any required deposits to or payments from any of the Trust
Accounts in accordance with this Agreement. Upon any such waiver of a past
default, such default shall cease to exist, and any Servicer Termination Event
arising therefrom shall be deemed to have been remedied for every purpose of
this Agreement. No such waiver shall extend to any subsequent or other default
or impair any right consequent thereto.

                                      53
<PAGE>

                                  ARTICLE IX

                                 TERMINATION

         Section 9.01. Optional Purchase of All Receivables.

         (a) On each Determination Date as of which the Pool Balance is equal
to or less than 5% of the Initial Pool Balance, the Servicer shall have the
option to purchase the Receivables. To exercise such option, the Servicer
shall deposit to the Collection Account pursuant to Section 5.04 an amount
equal to the aggregate Purchase Amount for the Receivables (including
Receivables that became Liquidated Receivables during the related Collection
Period) and shall succeed to all interests in and to the Receivables. The
exercise of such option shall effect a retirement, in whole but not in part,
of all outstanding Notes.

         (b) As described in Article IX of the Trust Agreement, notice of any
termination of the Trust shall be given by the Servicer to the Owner Trustee
and the Indenture Trustee as soon as practicable after the Servicer has
received notice thereof.

         (c) Following the satisfaction and discharge of the Indenture and the
payment in full of the principal of and interest on the Notes, the
Certificateholders will succeed to the rights of the Noteholders hereunder and
the Owner Trustee will succeed to the rights of, the Indenture Trustee
pursuant to this Agreement.

                                      54
<PAGE>

                                  ARTICLE X

                                 MISCELLANEOUS

         Section 10.01. Amendment.

         (a) This Agreement may be amended by the Depositor, the Servicer, the
Indenture Trustee and the Issuer, without the consent of any of the
Noteholders or the Certificateholders, to cure any ambiguity, 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 or of modifying in any manner the rights of the Noteholders
or the Certificateholders; provided, however, that such action shall not, as
evidenced by an Opinion of Counsel delivered to the Owner Trustee and the
Indenture Trustee, adversely affect in any material respect the interests of
any Noteholder or Certificateholder; provided further that such action shall
be deemed not to adversely affect in any material respect the interests of any
Noteholder or Certificateholder and no Opinion of Counsel to that effect shall
be required if the person requesting the amendment obtains a letter from the
Rating Agencies stating that the amendment would not result in the downgrading
or withdrawal of the ratings then assigned to the Notes.

         (b) This Agreement may also be amended from time to time by the
Depositor, the Servicer and the Issuer, with the prior written consent of the
Indenture Trustee, Noteholders holding not less than a majority of the
Outstanding Amount of the Class A Notes, Noteholders holding not less than a
majority of the Outstanding Amount of the Class B Notes, Noteholders holding
not less than a majority of the Outstanding Amount of the Class C Notes and
the Holders of outstanding Certificates evidencing not less than a majority of
the percentage interests in the Certificates, 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
Securityholders; provided, however, 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 Securityholders or (ii) reduce the aforesaid
percentage of the Outstanding Amount of the Class A Notes, the Class B Notes
or the Class C Notes, the Noteholders of which are required to consent to any
such amendment, without the consent of the Noteholders holding all Outstanding
Class A Notes, Class B Notes and Class C Notes or (iii) reduce the aforesaid
percentage of the percentage interests in the Certificates, the Holders of
which are required to consent to any such amendment, without the consent of
the Holders of all outstanding Certificates.

         Promptly after the execution of any amendment or consent, the
Administrator shall furnish written notification of the substance of such
amendment or consent to each Securityholder, the Indenture Trustee and each
Rating Agency.

         It shall not be necessary for the consent of Securityholders 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.

                                      55
<PAGE>

         Prior to the execution of any amendment to this Agreement, the Owner
Trustee, on behalf of the Issuer, and the Indenture Trustee shall be entitled
to receive and rely upon an Opinion of Counsel stating that the execution of
such amendment is authorized or permitted by this Agreement and the Opinion of
Counsel referred to in Section 10.02(i)(A). The Owner Trustee, on behalf of
the Issuer, and the Indenture Trustee may, but shall not be obligated to,
enter into any such amendment that affects the Owner Trustee's or the
Indenture Trustee's, as applicable, own rights, duties or immunities under
this Agreement or otherwise.

         Section 10.02. Protection of Title to Trust.

         (a) The Servicer shall execute and file such financing statements and
cause to be executed and filed such continuation statements, all in such a
manner and in such places as may be required by law fully to preserve,
maintain and protect the interest of the Issuer and the Indenture Trustee in
the Receivables and the proceeds thereof. The Servicer shall deliver or cause
to be delivered to the Owner Trustee and the Indenture Trustee file-stamped
copies of, or filing receipts for, any document filed as provided above as
soon as available following such filing. In addition, the Seller and the
Depositor hereby authorize the Issuer at any time and from time to time to
prepare and file financing statements and amendments thereto in any
jurisdiction as may be necessary or desirable to preserve, maintain and
protect the interests of the Issuer and the Indenture Trustee in the
Receivables and the proceeds thereof.

         (b) None of the Seller, the Depositor or the Servicer shall 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
ss. 9-506 of the UCC, unless it shall have given the Owner Trustee and the
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.

         (c) Each of the Seller, the Depositor and the Servicer shall have an
obligation to give the Owner Trustee and the Indenture Trustee at least five
Business Days' prior written notice of any change in the jurisdiction of its
organization if, as a result of such change of jurisdiction, 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. The Servicer shall at all times maintain each office from which it
shall service Receivables, and its principal executive office, within the
United States of America.

         (d) The Servicer shall maintain accounts and records as to each
Receivable accurately and in sufficient detail to permit (i) the reader
thereof to know at any time the status of each such Receivable, including
payments and recoveries made and payments owing (and the nature of each) and
(ii) reconciliation between payments or recoveries on or with respect to each
such Receivable and the amounts from time to time deposited in the Collection
Account in respect of each such Receivable.

         (e) The Servicer shall maintain its computer systems so that, from
and after the time of sale under this Agreement of the Receivables, the
Servicer's master computer records (including

                                      56
<PAGE>

any backup archives) that refer to a Receivable shall be coded to reflect
that such Receivable is part of the portfolio of Receivables that is the
subject of this Agreement and is owned by National City Auto Receivables Trust
2002-A and pledged by National City Auto Receivables Trust 2002-A to the
Indenture Trustee for the benefit of the Noteholders. Indication of such
Receivables' inclusion in the portfolio shall be deleted from or modified on
the Servicer's computer systems when, and only when, the related Receivable
shall have been paid in full or repurchased.

         (f) If at any time the Depositor or the Servicer shall propose to
sell, grant a security interest in or otherwise transfer any interest in motor
vehicle receivables to any prospective purchaser, lender or other transferee,
the Servicer 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 and is
owned by the Issuer and has been pledged to the Indenture Trustee.

         (g) The Servicer shall permit the Indenture Trustee and its agents
upon reasonable notice and at any time during normal business hours, which
does not unreasonably interfere with the Servicer's normal operations or
customer or employee relations, to inspect, audit and make copies of and
abstracts from the Servicer's records regarding any Receivable.

         (h) Upon request, the Servicer shall furnish to the Owner Trustee or
the Indenture Trustee, within fifteen Business Days, a list of all Receivables
(by contract number and name of Obligor) then held as part of the Trust,
together with a reconciliation of such list to the Schedule of Receivables and
to each of the Servicer's Certificates furnished prior to such request
indicating removal of Receivables from the Trust.

         The Servicer shall deliver to the Owner Trustee and the Indenture
Trustee:

               (i) promptly after the execution and delivery of this Agreement
          and each amendment hereto, an Opinion of Counsel stating that, in
          the opinion of such counsel, either (A) all financing statements and
          continuation statements have been executed and filed that are
          necessary to fully preserve and protect the interest of the Trust
          and the Indenture Trustee 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) no such action shall be
          necessary to preserve and protect such interest; and

               (ii) within 90 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 90-day period, stating that, in the opinion of such
          counsel, either (A) all financing statements and continuation
          statements have been executed and filed that are necessary to fully
          preserve and protect the interest of the Trust and the Indenture
          Trustee 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) no such action shall be necessary to preserve and
          protect such interest.

                                      57
<PAGE>

         Each Opinion of Counsel referred to in clause (i) or (ii) 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 10.03. Notices. All demands, notices, communications and
instructions upon or to the Depositor, the Servicer, the Issuer, the Owner
Trustee, the Indenture Trustee or any Rating Agency under this Agreement shall
be in writing, personally delivered, faxed and followed by first class mail,
or mailed by certified mail, return receipt requested, and shall be deemed to
have been duly given upon receipt (a) in the case of the Depositor, to
National City Vehicle Receivables Inc., 1900 East 9th Street, Cleveland, Ohio
44114, Attention: Robert Crowl; (b) in the case of the Servicer, Administrator
and Custodian, to National City Bank, 1900 East 9th Street, Cleveland, Ohio
44114, Attention: Robert Crowl, (c) in the case of the Indenture Trustee, to
The Bank of New York, 5 Penn Plaza, 16th Floor, New York, New York 10001,
Attention: Asset Backed Finance Unit; (d) in the case of the Issuer or the
Owner Trustee, at the Corporate Trust Administration Department (as defined in
the Trust Agreement); (e) in the case of Moody's, to 99 Church Street, New
York, New York 10007, Attention: ABS Monitoring Department; (f) in the case of
Fitch, Fitch Ratings, Inc., One State Street Plaza, New York, NY 10004
Attention: ABS Surveillance; and (g) in the case of Standard & Poor's, to 55
Water Street (40th Floor), New York, New York 10041, Attention: Asset Backed
Surveillance Department; or, as to each of the foregoing, at such other
address as shall be designated by written notice to the other parties.

         Section 10.04. Assignment by the Depositor or the Servicer.
Notwithstanding anything to the contrary contained herein, except as provided
in Sections 6.04 and 7.03 herein and as provided in the provisions of this
Agreement concerning the resignation of the Servicer, this Agreement may not
be assigned by the Depositor or the Servicer.

         Section 10.05. Limitations on Rights of Others. The provisions of
this Agreement are solely for the benefit of the Depositor, the Servicer, the
Seller, the Issuer, the Owner Trustee, the Certificateholders, the Indenture
Trustee and the Noteholders, and nothing in this Agreement, whether express or
implied, shall be construed to give to any other Person any legal or equitable
right, remedy or claim in the Trust Estate or under or in respect of this
Agreement or any covenants, conditions or provisions contained herein.

         Section 10.06. Severability. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, 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 10.07. Counterparts. This Agreement may be executed by the
parties hereto in any number of counterparts, each of which when so executed
and delivered shall be an original, but all of which shall together constitute
but one and the same instrument.

                                      58
<PAGE>

         Section 10.08. Headings. The headings of the various Articles and
Sections herein are for convenience of reference only and shall not define or
limit any of the terms or provisions hereof.

         Section 10.09. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AND THE OBLIGATIONS, RIGHTS
AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH
SUCH LAWS.

         Section 10.10. Assignment by Issuer. The Depositor hereby
acknowledges and consents to any mortgage, pledge, assignment and grant of a
security interest by the Issuer to the Indenture Trustee in accordance with
the terms of the Indenture for the benefit of the Noteholders of all right,
title and interest of the Issuer in, to and under the Receivables or the
assignment of any or all of the Issuer's rights and obligations hereunder to
the Indenture Trustee.

         Section 10.11. Nonpetition Covenants. Notwithstanding any prior
termination of this Agreement, the parties hereto shall not, prior to the date
that is one year and one day after the termination of this Agreement with
respect to the Issuer or the Depositor, acquiesce, petition or otherwise
invoke or cause the Issuer or the Depositor to invoke the process of any court
or government authority for the purpose of commencing or sustaining a case
against the Issuer or the Depositor under any federal or state bankruptcy,
insolvency or similar law, or appointing a receiver, liquidator, assignee,
trustee, custodian, sequestrator or other similar official of the Issuer or
the Depositor or any substantial part of its property, or ordering the winding
up or liquidation of the affairs of the Issuer or the Depositor.

         Section 10.12. Limitation of Liability of Owner Trustee and Indenture
Trustee.

         (a) Notwithstanding anything contained herein to the contrary, this
Agreement has been countersigned by Wilmington Trust Company not in its
individual capacity but solely in its capacity as Owner Trustee of the Issuer
and in no event shall Wilmington Trust Company in its individual capacity or,
except as expressly provided in the Trust Agreement, as Owner Trustee of the
Issuer 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 in accordance
with the priorities set forth herein. For all purposes of this Agreement, in
the performance of its duties or obligations hereunder or 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 VI, VII and VIII of the Trust Agreement.

         (b) Notwithstanding anything contained herein to the contrary, this
Agreement has been accepted by The Bank of New York, not in its individual
capacity but solely as Indenture Trustee, and in no event shall The Bank of
New York 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 in accordance
with the priorities set forth herein.

                                      59
<PAGE>

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

                                 NATIONAL CITY AUTO RECEIVABLES TRUST 2002-A

                                 By:  WILMINGTON TRUST COMPANY,
                                          not in its individual capacity
                                          but solely as Owner Trustee

                                 By:   /s/ W. Chris Spanenberg
                                     -----------------------------------------
                                     Name:   W. Chris Spanenberg
                                     Title:  Vice President

                                 NATIONAL CITY VEHICLE RECEIVABLES INC.

                                 By:    /s/ Robert B. Crowl
                                     ------------------------------------------
                                     Name:   Robert B. Crowl
                                     Title:  V.P., Secretary

                                 NATIONAL CITY BANK

                                 By:    /s/ Robert B. Crowl
                                     ------------------------------------------
                                     Name:   Robert B. Crowl
                                     Title:  Senior Vice President

                                 THE BANK OF NEW YORK,
                                   not in its individual capacity
                                   but solely as Indenture Trustee

                                 By:   /s/ Scott J. Tepper
                                     ------------------------------------------
                                     Name:   Scott J. Tepper
                                     Title:  Assistant Vice President

                                      60

<PAGE>

                                  SCHEDULE A

                                  [RESERVED]

<PAGE>

                                  SCHEDULE B

                         Final Schedule of Receivables

                     [On file with the Indenture Trustee]

<PAGE>

                                  SCHEDULE C

                         Location of Receivable Files

National City Bank
1900 East 9th Street
Cleveland, Ohio 44114

<PAGE>

                                   EXHIBIT A

                 Representations and Warranties of the Seller
           Under Section 3.02 of the Receivables Purchase Agreement

<PAGE>

                                   EXHIBIT B

               Form of Payment Date Statement to Securityholders

National City Bank
         National City Auto Receivables Trust 2002-A Payment Date Statement to
Securityholders

Principal Distribution Amount
-----------------------------------------------------------------------------
Class A-1 Notes:                 ($    per $1,000 original principal balance)

Class A-2 Notes:                 ($    per $1,000 original principal balance)

Class A-3 Notes:                 ($    per $1,000 original principal balance)

Class A-4 Notes:                 ($    per $1,000 original principal balance)

Class B Notes:                   ($    per $1,000 original principal balance)

Class C Notes:                   ($    per $1,000 original principal balance)

Interest Distribution Amount
-----------------------------------------------------------------------------
Class A-1 Notes:                 ($    per $1,000 original principal balance)

Class A-2 Notes:                 ($    per $1,000 original principal balance)

Class A-3 Notes:                 ($    per $1,000 original principal balance)

Class A-4 Notes:                 ($    per $1,000 original principal balance)

Class B Notes:                   ($    per $1,000 original principal balance)

Class C Notes:                   ($    per $1,000 original principal balance)

First Priority Principal
   Distribution Amount           ($    per $1,000 original principal balance)

Second Priority Principal
   Distribution Amount           ($    per $1,000 original principal balance)

Regular Note Principal
   Distribution Amount           ($    per $1,000 original principal balance)

Class A-1 Interest
  Carryover Shortfall            ($    per $1,000 original principal balance)
Class A-2 Interest
  Carryover Shortfall            ($    per $1,000 original principal balance)
Class A-3 Interest
  Carryover Shortfall            ($    per $1,000 original principal balance)
Class A-4 Interest
  Carryover Shortfall            ($    per $1,000 original principal balance)
Class B Interest
  Carryover Shortfall            ($    per $1,000 original principal balance)
Class C Interest
  Carryover Shortfall            ($    per $1,000 original principal balance)
Class A-1 Principal
  Carryover Shortfall            ($    per $1,000 original principal balance)

<PAGE>

Class A-2 Principal
  Carryover Shortfall            ($    per $1,000 original principal balance)
Class A-3 Principal
  Carryover Shortfall            ($    per $1,000 original principal balance)
Class A-4 Principal
  Carryover Shortfall            ($    per $1,000 original principal balance)
Class B Principal
  Carryover Shortfall            ($    per $1,000 original principal balance)
Class C Principal
  Carryover Shortfall            ($    per $1,000 original principal balance)
Payment Date Payment
  Shortfall
Reserve Account
  Withdrawal Shortfall

Note Balance:
  Class A-1 Notes:
  Class A-2 Notes:
  Class A-3 Notes:
  Class A-4 Notes:
  Class B Notes:
  Class C Notes:

Note Pool Factor:
  Class A-1 Notes:
  Class A-2 Notes:
  Class A-3 Notes:
  Class A-4 Notes:
  Class B Notes:
  Class C Notes:

Servicing Fee  ($        per $1,000 original principal balance)

Pool Balance

Realized Losses

Repossessed Receivables

Liquidated Receivables or Purchased Receivables

Receivables granted extensions or deferments

Purchase Amounts

Reserve Account Balance

Amount Deposited to Reserve Account

Principal Balance of Receivables that were delinquent:

         30 to 59 days
         60 to 89 days
         90 days or more

<PAGE>

Amount Withdrawn from Reserve Account

Mandatory Redemption Amount
         Class A-1 Notes
         Class A-2 Notes
         Class A-3 Notes
         Class A-4 Notes
         Class B Notes

<PAGE>

                                   EXHIBIT C

                        FORM OF SERVICER'S CERTIFICATE

                         [To be Provided by Servicer]

<PAGE>

                                  EXHIBIT D-1

                               EXTENSION POLICY

<PAGE>

                                  EXHIBIT D-2

                           FORM OF DEALER AGREEMENTS
                          [On file with the Trustee]

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                                  EXHIBIT D-3

                              FORM OF ASSIGNMENT

                          [On file with the Trustee]

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                                   EXHIBIT E

                                  [RESERVED]

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                                   EXHIBIT F

             PERFECTION REPRESENTATIONS, WARRANTIES AND COVENANTS

         1. General. The Sale and Servicing Agreement creates a valid and
continuing security interest (as defined in the UCC) in all of the Depositor's
right, title and interest in and to the Receivables in favor of the Issuer
which, (a) is enforceable upon execution of the Sale and Servicing Agreement
against creditors of and purchasers from the Depositor as such enforceability
may be limited by applicable Debtor Relief Laws, now or hereafter in effect,
and by general principles of equity (whether considered in a suit at law or in
equity), and (b) upon filing of the financing statements described in clause 4
below will be prior to all other Liens (other than Liens permitted pursuant to
clause 5 below).

         2. Characterization. The Receivables constitute "tangible chattel
paper" within the meaning of UCC Section 9-102. The Depositor has taken all
steps necessary to perfect its security interest against the Obligor in the
Financed Vehicles securing the Receivables.

         3. Creation. Immediately prior to the conveyance of the Receivables
pursuant to the Sale and Servicing Agreement, the Depositor owns and has good
and marketable title to, or has a valid security interest in, the Receivables
free and clear of any Lien, claim or encumbrance of any Person.

         4. Perfection. The Depositor has caused or will have caused, within
ten days of the Closing Date, the filing of all appropriate financing
statements in the proper filing office in the appropriate jurisdictions under
applicable law in order to perfect the security interest granted to the Issuer
under the Sale and Servicing Agreement in the Receivables.

         5. Priority. Other than the security interests granted to the Issuer
pursuant to the Sale and Servicing Agreement, the Depositor has not pledged,
assigned, sold, granted a security interest in, or otherwise conveyed any of
the Receivables, the Depositor has not authorized the filing of and is not
aware of any financing statements against the Depositor that includes a
description of collateral covering the Receivables other than any financing
statement (i) relating to the security interests granted to the Issuer under
the Sale and Servicing Agreement, (ii) that has been terminated or (iii) that
has been granted pursuant to the terms of the Basic Documents. None of the
tangible chattel paper that constitutes or evidences the Receivables has any
marks or notations indicating that they are pledged, assigned or otherwise
conveyed to any Person other than Indenture Trustee.

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