Document:

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                                                                    EXHIBIT 10.4

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                            VW CREDIT LEASING, LTD.,

                         U.S. BANK NATIONAL ASSOCIATION,
                         Not in its Individual Capacity
                           but Solely as SUBI Trustee,

                                       and

                                VW CREDIT, INC.,
                                   as Servicer

                      TRANSACTION SUBI SUPPLEMENT 2004-A TO
                               SERVICING AGREEMENT

                         Dated as of September 29, 2004

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                                TABLE OF CONTENTS

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ARTICLE V             DEFINITIONS...............................................................................     2

         Section 5.1           Definitions......................................................................     2

ARTICLE VI            REPRESENTATIONS AND WARRANTIES OF SERVICER................................................     3

         Section 6.1           Existence and Power..............................................................     3

         Section 6.2           Authorization and No Contravention...............................................     3

         Section 6.3           No Consent Required..............................................................     3

         Section 6.4           Binding Effect...................................................................     3

         Section 6.5           Accuracy of Information..........................................................     3

         Section 6.6           No Proceedings...................................................................     3

ARTICLE VII           SPECIFIC REQUIREMENTS FOR ADMINISTRATION AND SERVICING OF THE TRANSACTION SUBI
                      PORTFOLIO.................................................................................     4

         Section 7.1           Appointment of Servicer..........................................................     4

         Section 7.2           Servicer Bound by Servicing Agreement............................................     4

         Section 7.3           Application of Proceeds..........................................................     5

         Section 7.4           Servicer Certificate.............................................................     5

         Section 7.5           Servicer Fee.....................................................................     6

         Section 7.6           Insurance Lapses; Repairs........................................................     6

         Section 7.7           Licensing of Origination Trust...................................................     6

         Section 7.8           Servicer Advances................................................................     6

         Section 7.9           Payment of Fees and Expenses.....................................................     6

         Section 7.10          Annual Independent Public Accountants' Servicing Report..........................     6

         Section 7.11          Annual Officer's Certificate; Annual ERISA Certification.........................     7

         Section 7.12          Postmaturity Term Extension......................................................     7

         Section 7.13          Insurance Policies; Additional Insureds..........................................     7

ARTICLE VIII          TERMINATION OF SERVICER...................................................................     8

         Section 8.1           Termination of Servicer as to Transaction SUBI Portfolio.........................     8

         Section 8.2           No Effect on Other Parties.......................................................     9

ARTICLE IX            MISCELLANEOUS.............................................................................     9

         Section 9.1           Amendment........................................................................     9

         Section 9.2           Governing Law....................................................................    10

         Section 9.3           Notices..........................................................................    10
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                                       -i-
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         Section 9.4           Third-Party Beneficiaries........................................................    11

         Section 9.5           Severability.....................................................................    11

         Section 9.6           Binding Effect...................................................................    11

         Section 9.7           Article and Section Headings.....................................................    11

         Section 9.8           Execution in Counterparts........................................................    11

         Section 9.9           Further Assurances...............................................................    11

         Section 9.10          Each SUBI Separate; Assignees of SUBI............................................    12

         Section 9.11          No Petition......................................................................    12

         Section 9.12          Submission to Jurisdiction; Waiver of Jury Trial.................................    13

         Section 9.13          Limitation of Liability of U.S. Bank.............................................    13
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EXHIBIT A - Form of Annual Officer's Certificate
EXHIBIT B - Form of Annual ERISA Certification

                                      -ii-
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                      TRANSACTION SUBI SUPPLEMENT 2004-A TO
                               SERVICING AGREEMENT

      THIS TRANSACTION SUBI SUPPLEMENT 2004-A TO SERVICING AGREEMENT (as
amended, modified or supplemented from time to time, the "Transaction SUBI
Servicing Supplement"), dated as of September 29, 2004, is among VW CREDIT
LEASING, LTD., a Delaware business trust (the "Origination Trust"), U.S. BANK
NATIONAL ASSOCIATION, a national banking association, as successor to U.S. Bank
Trust National Association, not in its individual capacity but solely as a SUBI
Trustee (hereinafter, together with its successors and assigns, the "SUBI
Trustee") of the Origination Trust, and VW CREDIT, INC., a Delaware corporation
("VCI"), as Servicer (in such capacity, the "Servicer").

                                    RECITALS

      A. VCI (in its capacity as settlor, the "Settlor"), Wilmington Trust
Company, as Delaware Trustee (the "Delaware Trustee"), and U.S. Bank National
Association, as successor to U.S. Bank Trust National Association, as
Administrative Trustee and UTI Trustee (in such capacity, together with any
successor or permitted assign, the "Administrative Trustee" and the "UTI
Trustee", respectively; collectively with the Delaware Trustee and the SUBI
Trustee, the "Origination Trustees") have entered into that certain Trust
Agreement dated as of June 2, 1999 (as modified, supplemented or amended from
time to time, the "Origination Trust Agreement") pursuant to which the Settlor
formed the Origination Trust for the purpose of acting as agent and nominee
owner of various Origination Trust Assets in accordance with the Origination
Trust Agreement.

      B. The Origination Trust and the Servicer also have entered into that
certain Servicing Agreement dated as of June 22, 1999, as amended and restated
as of December 21, 2000 (as modified, supplemented or amended from time to time,
the "Servicing Agreement"), which provides, among other things, for the
servicing of the Origination Trust Assets by the Servicer.

      C. The Origination Trust Agreement contemplates that from time to time the
UTI Trustee, on behalf of the Origination Trust and at the direction of the
Initial Beneficiary, will identify and allocate on the Origination Trust's books
and records certain Origination Trust Assets within separate SUBI Portfolios and
create and issue to the Initial Beneficiary separate special units of beneficial
interest in the Origination Trust or "SUBIs", the beneficiary or beneficiaries
of which will hold an exclusive 100% beneficial ownership interest in the
related SUBI Portfolios, all as set forth in the Origination Trust Agreement.

      D. Concurrently herewith, Volkswagen Auto Lease Underwritten Funding, LLC
(the "Transferor") will purchase the Transaction SUBI and the Transaction SUBI
Certificate from VCI and the Issuer will purchase the Transaction SUBI
Certificate from the Transferor. The Issuer is expected to fund such purchase
from proceeds of the issuance of the Notes and Certificates.

      E. Concurrently herewith, Volkswagen Auto Lease Trust 2004-A, a Delaware
statutory trust (the "Issuer"), is entering into an asset-backed financing
transaction pursuant to,

                                           Transaction SUBI Servicing Supplement

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among other agreements, an Indenture with Citibank, N.A., as indenture trustee
(the "Indenture Trustee"), pursuant to which the Issuer will issue asset-backed
notes and will grant a security interest to the Indenture Trustee in certain of
its assets.

      F. Concurrently herewith, the Initial Beneficiary, the UTI Trustee, the
Administrative Trustee and the SUBI Trustee are entering into that certain
Transaction SUBI Supplement 2004-A to Origination Trust Agreement (as amended,
modified or supplemented from time to time, the "Transaction SUBI Supplement")
to supplement the terms of the Origination Trust Agreement (i) to cause the UTI
Trustee to identify and allocate Origination Trust Assets to a particular SUBI
Portfolio (the "Transaction SUBI Portfolio"), which shall consist of Origination
Trust Assets which shall constitute SUBI Assets, and (ii) to create and issue to
VCI a SUBI Certificate (such SUBI Certificate, together with any replacements
thereof, the "Transaction SUBI Certificate"), that will evidence the entire
beneficial ownership interest in the related SUBI Portfolio (the "Transaction
SUBI") including the Transaction Vehicles, with the Origination Trust continuing
to hold record title to the Transaction Vehicles as agent and nominee for the
holder of the Transaction SUBI Certificate, and (iii) to set forth the terms and
conditions thereof.

      G. Concurrently herewith, the UTI Trustee, on behalf of the Origination
Trust and at the direction of the Initial Beneficiary, is issuing to VCI the
Transaction SUBI Certificate, representing all of the Initial Beneficiary's
right, title and interest in and to the Transaction SUBI, and the right to
realize on any property that may be included in the Transaction SUBI Portfolio,
and all proceeds thereof.

      H. The Origination Trust desires to retain the Servicer to provide certain
services with respect to the Transaction SUBI Portfolio beneficially owned by
the Issuer, and the parties hereto desire, pursuant to this Transaction SUBI
Servicing Supplement, to supplement the terms of the Servicing Agreement insofar
as they apply to the Transaction SUBI Portfolio, providing for specific
servicing obligations that will benefit the Issuer, as holder of the Transaction
SUBI Certificate, and the Indenture Trustee, as the pledgee of the Transaction
SUBI Certificate on behalf of the Noteholders.

            NOW THEREFORE, in consideration of the premises and the mutual
covenants herein contained and in the Servicing Agreement, the parties hereto
agree to the following supplemental obligations with regard to the Transaction
SUBI Portfolio:

                                    ARTICLE V
                                   DEFINITIONS

      SECTION 5.1 DEFINITIONS. For all purposes of this Transaction SUBI
Servicing Supplement, except as otherwise expressly provided or unless the
context otherwise requires, (a) unless otherwise defined herein, all capitalized
terms used herein shall have the meanings attributed to them (i) in Appendix A
of the Indenture, (ii) if not defined therein, by the Servicing Agreement, (iii)
if not defined therein, by the Origination Trust Agreement, or (iv) if not
defined therein, by the Transaction SUBI Supplement, (b) the capitalized terms
defined in this Transaction SUBI Servicing Supplement have the meanings assigned
to them in this Transaction SUBI Servicing Supplement and include (i) all
genders and (ii) the plural as well as the singular,

                                           Transaction SUBI Servicing Supplement

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(c) all references to words such as "herein", "hereof" and the like shall refer
to this Transaction SUBI Servicing Supplement as a whole and not to any
particular article or section within this Transaction SUBI Servicing Supplement,
(d) the term "include" and all variations thereon shall mean "include without
limitation", and (e) the term "or" shall include "and/or".

                                   ARTICLE VI
                   REPRESENTATIONS AND WARRANTIES OF SERVICER

      The Servicer represents and warrants to the Transferor, the Issuer and the
Indenture Trustee on behalf of the Noteholders as follows:

      SECTION 6.1 EXISTENCE AND POWER. The Servicer is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Delaware and has all power and authority required to carry on its business as it
is now conducted. The Servicer has obtained all necessary licenses and approvals
in all jurisdictions where the failure to do so would materially and adversely
affect the business, properties, financial condition or results of operations of
the Servicer, taken as a whole.

      SECTION 6.2 AUTHORIZATION AND NO CONTRAVENTION. The execution, delivery
and performance by the Servicer of each Transaction Document to which it is a
party (i) have been duly authorized by all necessary corporate action and (ii)
do not violate or constitute a default under (A) any applicable law, rule or
regulation, (B) its organizational instruments or (C) any agreement, contract,
order or other instrument to which it is a party or its property is subject and
(iii) will not result in any Adverse Claim on any Transaction Unit or Collection
or give cause for the acceleration of any indebtedness of the Servicer.

      SECTION 6.3 NO CONSENT REQUIRED. No approval, authorization or other
action by, or filing with, any Governmental Authority is required in connection
with the execution, delivery and performance by the Servicer of any Transaction
Document, other than UCC filings and other than approvals and authorizations
that have previously been obtained and filings which have previously been made.

      SECTION 6.4 BINDING EFFECT. Each Transaction Document to which the
Servicer is a party constitutes the legal, valid and binding obligation of the
Servicer enforceable against the Servicer in accordance with its terms, except
as limited by bankruptcy, insolvency, or other similar laws of general
application relating to or affecting the enforcement of creditors' rights
generally and subject to general principles of equity.

      SECTION 6.5 ACCURACY OF INFORMATION. All information heretofore furnished
by or on behalf of the Servicer in writing to the Agent for purposes of or in
connection with this Agreement or any transaction contemplated hereby is true
and accurate in all material respects on and as of the date such information was
furnished (except to the extent that such furnished information relates solely
to an earlier date, in which case such information is true and accurate in all
material respects on and as of such earlier date).

      SECTION 6.6 NO PROCEEDINGS. There is no action, suit, proceeding or
investigation pending or, to the knowledge of the Servicer, threatened against
the Servicer which, either in any one instance or in the aggregate, would result
in any material adverse change in the business,

                                           Transaction SUBI Servicing Supplement

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operations, financial condition, properties or assets of the Servicer, or in any
material impairment of the right or ability of the Servicer to carry on its
business substantially as now conducted, or in any material liability on the
part of the Servicer, or which would render invalid this Agreement or the
Transaction Units or the obligations of the Servicer contemplated herein, or
which would materially impair the ability of the Servicer to perform under the
terms of this Agreement or any other Transaction Document.

                                   ARTICLE VII
                            SPECIFIC REQUIREMENTS FOR
                       ADMINISTRATION AND SERVICING OF THE
                           TRANSACTION SUBI PORTFOLIO

      SECTION 7.1 APPOINTMENT OF SERVICER.

            (a) The Servicer shall manage, service and administer the
Transaction SUBI Assets, at its own expense and for the benefit of each holder
and pledgee of the Transaction SUBI, and shall make collections on the
Transaction Units in accordance with its Customary Servicing Practices in effect
from time to time, using the same degree of skill and attention that the
Servicer exercises with respect to all comparable retail automotive leases that
it services for itself or others.

            (b) The Servicer may delegate its duties and obligations as Servicer
in accordance with Section 2.10 of the Servicing Agreement.

            (c) If the Servicer shall commence a legal proceeding to enforce a
Transaction Unit, the Origination Trust shall thereupon be deemed to have
automatically assigned, solely for the purpose of collection, such Transaction
Unit to the Servicer. If in any enforcement suit or legal proceeding it shall be
held that the Servicer may not enforce a Transaction Unit on the ground that it
is not a real party in interest or a holder entitled to enforce such Transaction
Unit, the Issuer shall, at the Servicer's expense and direction, take steps to
enforce such Transaction Unit, including bringing suit in its name.

            (d) The Servicer shall account for the Transaction SUBI Portfolio
separately from any other SUBI Portfolio.

      SECTION 7.2 SERVICER BOUND BY SERVICING AGREEMENT.

            (a) The Servicer shall continue to be bound by all provisions of the
Servicing Agreement with respect to the Transaction Units allocated to the
Transaction SUBI Portfolio, including the provisions of Article II thereof
relating to the administration and servicing of Leases; and the provisions set
forth herein shall operate either as additions to or modifications of the
existing obligations of the Servicer under the Servicing Agreement, as the
context may require. In the event of any conflict between the provisions of this
Transaction SUBI Servicing Supplement and the Servicing Agreement with respect
to the Transaction SUBI, the provisions of this Transaction SUBI Servicing
Supplement shall prevail.

            (b) For purposes of determining the Servicer's obligations with
respect to the servicing of the Transaction SUBI Portfolio under this
Transaction SUBI Servicing Supplement,

                                           Transaction SUBI Servicing Supplement

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general references in the Servicing Agreement to: (i) a SUBI Portfolio shall be
deemed to refer more specifically to the Transaction SUBI Portfolio; (ii) a SUBI
Servicing Agreement Supplement shall be deemed to refer more specifically to
this Transaction SUBI Servicing Supplement; and (iii) a SUBI Supplement shall be
deemed to refer more specifically to the Transaction SUBI Supplement.

      SECTION 7.3 APPLICATION OF PROCEEDS.

            (a) Prior to the satisfaction and discharge of the Indenture with
respect to the Collateral, the Servicer shall pay an amount equal to all
Collections received in respect of the Transaction SUBI during any Collection
Period into the Collection Account on or prior to 11:00 a.m., New York City
time, on the following Payment Date; provided, however, that if the Monthly
Remittance Condition is not satisfied, the Servicer will be required to deposit
an amount equal to all Collections into the Collection Account within two
Business Days after receipt (it being understood that, with respect to Sales
Proceeds, the Servicer shall be obligated to remit an amount equal to Sales
Proceeds into the Collection Account and shall not be obligated to remit the
actual Sales Proceeds but instead such actual Sales Proceeds shall be held by
the Qualified Intermediary or in a Qualified Intermediary Account which shall
not constitute Collateral). The "Monthly Remittance Condition" shall be deemed
to be satisfied if (i) VCI is the Servicer, (ii) no Servicer Replacement Event
has occurred and is continuing, and (iii)(x) Volkswagen AG has a short-term debt
rating of at least "P-1" from Moody's and "A-1" from Standard & Poor's, (y) both
Moody's and Standard & Poor's are then rating a debt issuance of Volkswagen of
America, Inc. or VCI (and, in the case of VCI, such debt issuance is guaranteed
by Volkswagen AG) and (z) VCI remains a direct or indirect wholly-owned
subsidiary of Volkswagen AG. Pending deposit into the Collection Account,
Collections may be used by the Servicer at its own risk and for its own benefit
and will not be segregated from its own funds.

            (b) After the satisfaction and discharge of the Indenture with
respect to the Collateral, the Servicer shall pay an amount equal to Collections
in accordance with the instructions provided from time to time by the holder of
the Transaction SUBI Certificate.

            (c) Notwithstanding anything to the contrary contained in this
Agreement, for so long as the Monthly Remittance Condition has been satisfied,
the Servicer shall be permitted to deposit into the Collection Account only the
net amount distributable to the Issuer, as holder of the Transaction SUBI
Certificate, on the Payment Date. The Servicer shall, however, account for all
Collections as if all of the deposits and distributions described herein were
made individually.

      SECTION 7.4 SERVICER CERTIFICATE. On each Determination Date prior to the
satisfaction and discharge of the Indenture with respect to the Collateral, the
Servicer shall deliver to the Indenture Trustee, the Issuer, the Administrator
and each Paying Agent a Servicer Certificate reflecting information as of the
close of business of the Servicer for the immediately preceding Collection
Period containing the information described in Section 8.3(a) of the Indenture.
At the sole option of the Servicer, each Servicer Certificate may be delivered
in electronic or hard copy format.

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      SECTION 7.5 SERVICER FEE. Notwithstanding anything to the contrary in
Section 2.5 of the Servicing Agreement, on each Payment Date, the Issuer shall
pay to the Servicer in accordance with Section 8.4(a) of the Indenture the
Servicing Fee for the immediately preceding Collection Period as compensation
for its services. In addition, the Servicer may retain any Supplemental
Servicing Fees.

      SECTION 7.6 INSURANCE LAPSES; REPAIRS. The Servicer shall not be required
to monitor whether any Lessee has, and shall have no liability in the event that
any Lessee fails to maintain in full force and effect, a physical damage
insurance policy covering any Transaction Unit or naming the Origination Trust
as loss payee. Without limiting the foregoing, in no event shall the Servicer be
obligated to perform or be liable for any repairs or maintenance with respect to
any Transaction Unit.

      SECTION 7.7 LICENSING OF ORIGINATION TRUST. The Servicer shall cause the
Origination Trust to apply for and maintain at all times all licenses and
permits necessary to carry on the Origination Trust's leasing business in each
jurisdiction in which the Origination Trust operates, except where the failure
to have any license or permit would not materially and adversely affect the
business, properties, financial condition or results of operation of the
Origination Trust, taken as a whole.

      SECTION 7.8 SERVICER ADVANCES. On each Payment Date, the Servicer shall
deposit into the Collection Account prior to 11:00 a.m., New York City time, an
advance in an amount equal to the lesser of (a) any shortfall in the amounts
available to make the payments in clauses (i) through (vii) of Section 8.4(a) of
the Indenture and (b) the aggregate scheduled monthly lease payments due on
Included Units but not received (or not received in full) during and prior to
the related Collection Period (an "Advance"); provided, however, that the
Servicer will not be obligated to make an Advance if the Servicer reasonably
determines in its sole discretion that such Advance is not likely to be repaid
from future cash flows from the Transaction SUBI Portfolio. No Advances will be
made with respect to Defaulted Leases. Notwithstanding the foregoing, following
any replacement of VCI as Servicer pursuant to Section 8.1, the successor
Servicer shall not be required to make any Advances.

            SECTION 7.9 PAYMENT OF FEES AND EXPENSES. The Servicer shall pay all
expenses incurred in connection with the administration and servicing of the
Transaction SUBI and the Transaction Units, including, without limitation,
expenses incurred by it in connection with its activities hereunder, including
fees and disbursements of the SUBI Trustee, independent accountants, taxes
imposed on the Servicer and any SUBI Trustee indemnity claims.

            SECTION 7.10 ANNUAL INDEPENDENT PUBLIC ACCOUNTANTS' SERVICING
REPORT. The Servicer shall cause a firm of independent certified public
accountants, who may also render other services to the Servicer or to its
Affiliates, to deliver to the Issuer, the Indenture Trustee and the Rating
Agencies on or before April 30 of each year, beginning April 30, 2005, a report
addressed to the board of directors of the Servicer, with respect to the
preceding 12-month period ended December 31 (or other applicable period in the
case of the first such report or letter) to the effect that certain procedures
performed by such firm (a) included tests relating to Units serviced for others
in accordance with the Uniform Single Audit Program for Mortgage Bankers
("USAP"), to the extent the procedures in such program are applicable to the
servicing

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obligations set forth in this Agreement, and (b) except as described in the
report, disclosed no exceptions or errors in the records relating to Units
serviced for others that, in the firms' opinion, paragraph four of such Uniform
Single Audit Program for Mortgage Bankers requires such firm to report. The
certification required by this paragraph may be replaced by any similar
certification using standards other than USAP which are now or in the future in
use by servicers of comparable assets or which otherwise comply with any rule,
regulation, "no action" letter or similar guidance promulgated by the
Commission.

      SECTION 7.11 ANNUAL OFFICER'S CERTIFICATE; ANNUAL ERISA CERTIFICATION.

            (a) The Servicer will deliver to the Rating Agencies, the Issuer and
the Indenture Trustee on or before April 30 of each calendar year, beginning
with April 30, 2005, an Officers' Certificate substantially in the form of
Exhibit A stating that (i) a review of the activities of the Servicer during the
preceding calendar year (or since the Closing Date, in the case of the first
such Officers' Certificate) and of its performance under the Servicing Agreement
and this Transaction SUBI Servicing Supplement was made under the supervision of
the officer signing such certificate and (ii) to the best of such officer's
knowledge, based on such review, the Servicer has performed in all material
respects its obligations under the Transaction SUBI Servicing Supplement
throughout such year (or since the Closing Date, in the case of the first such
Officers' Certificate), or, if there has been a material default in the
performance of any such obligation, specifying each such default known to such
officer and the nature and status thereof.

            (b) The Servicer will deliver to the Rating Agencies, the Issuer and
the Indenture Trustee on or before April 30 of each calendar year, beginning
with April 30, 2005, an Officers' Certificate substantially in the form of
Exhibit B with respect to the ERISA plans maintained or sponsored by the
Servicer or any of its ERISA Affiliates.

      SECTION 7.12 POSTMATURITY TERM EXTENSION. Consistent with its Customary
Servicing Practices, the Servicer may, in its discretion, grant a Postmaturity
Term Extension with respect to any Transaction Lease. If the Servicer grants a
Postmaturity Term Extension with respect to a Transaction Lease, then the
Servicer shall direct the SUBI Trustee and the Servicer to reallocate the Unit
related to such Transaction Lease from the Transaction SUBI Portfolio to the UTI
Portfolio (if the Servicer is VCI) or to an Other SUBI designated by the
Servicer (if the Servicer is not VCI) on the Payment Date following the
beginning of the Collection Period during which such Postmaturity Term Extension
was granted. In consideration for such reallocation, the Servicer shall make a
payment to the Issuer equal to the Securitization Value of such Unit as of the
end of the Collection Period preceding such Payment Date by depositing such
amount into the Collection Account prior to 11:00 a.m., New York City time, on
such Payment Date.

      SECTION 7.13 INSURANCE POLICIES; ADDITIONAL INSUREDS. The Servicer shall
cause all policies of insurance required to be maintained pursuant to Section
2.9 of the Servicing Agreement to name the Transferor, the Issuer and the
Indenture Trustee as additional insureds.

      SECTION 7.14 SECURITY DEPOSITS. In accordance with Section 2.4 of the
Servicing Agreement, on the Payment Date related to the Collection Period in
which a Security Deposit (as defined in the Servicing Agreement) becomes a
Collection, the Servicer shall deposit such amounts in the Collection Account.

                                           Transaction SUBI Servicing Supplement

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<PAGE>

      SECTION 7.15 PULL-AHEAD AND OTHER EARLY TERMINATION MARKETING PROGRAMS.
The Servicer may, in its discretion, with respect to any Included Unit, permit
the Lessee under the related Lease to terminate such Lease prior to its
scheduled termination date as part of a "pull-ahead" or other marketing program;
provided, however, that such early termination shall not be permitted unless all
Pull-Ahead Amounts due and payable by the Lessee under such Lease on or before
the date of such Lessee's election to terminate the Lease have been paid by or
on behalf of such Lessee and are deposited in the Collection Account within the
time period thereafter stated in Section 7.3 of this Transaction SUBI Servicing
Supplement. Following such early termination, the Servicer shall charge the
related Lessee any applicable Excess Wear and Tear Charges and Excess Mileage
Charges in accordance with Customary Servicing Practices with respect to Leases
that are terminated early by the related Lessee in the absence of a "pull-ahead"
or other marketing program.

                                  ARTICLE VIII
                             TERMINATION OF SERVICER

      SECTION 8.1 TERMINATION OF SERVICER AS TO TRANSACTION SUBI PORTFOLIO.

            (a) Upon the occurrence and continuation of any Servicer Replacement
Event, the Servicer shall provide to the Indenture Trustee, the Issuer, the
Administrator and each Rating Agency prompt notice specifying such Servicer
Replacement Event, together with a description of its efforts to perform its
obligations. The Servicer may not resign except in accordance with Section
2.10(a) of the Servicing Agreement.

            (b) If a Servicer Replacement Event shall have occurred and be
continuing, the SUBI Trustee on behalf of the holder of the Transaction SUBI
Certificate, shall, at the direction of the Required Related Holders, by notice
given to the Servicer, the Issuer, the Indenture Trustee, the Administrator and
each Rating Agency, terminate the rights and obligations of the Servicer under
this Transaction SUBI Servicing Supplement and the Servicing Agreement with
respect to the Transaction SUBI and the Included Units. In the event the
Servicer is removed or resigns as Servicer with respect to servicing the
Transaction SUBI Assets, the Required Related Holders shall appoint a successor
Servicer. With respect to any Servicer Replacement Event, the SUBI Trustee,
acting on the direction of the Required Related Holders may waive any default of
the Servicer. For purposes of this Section, so long as the Lien of the Indenture
is in place, the "Required Related Holders" shall be deemed to be the Indenture
Trustee, acting at the direction of the Holders of not less than 66-2/3% of the
Outstanding Notes and thereafter, the Issuer, acting at the direction of the
Majority Certificateholders.

            (c) If replaced, the Servicer agrees that it will use commercially
reasonable efforts to effect the orderly and efficient transfer of the servicing
of the Transaction Units to a successor Servicer.

            (d) Upon the effectiveness of the assumption by the successor
Servicer of its duties pursuant to this Section 8.1, the successor Servicer
shall be the successor in all respects to the Servicer in its capacity as
Servicer under the Servicing Agreement with respect to the Transaction SUBI
Portfolio, and shall be subject to all the responsibilities, duties and
liabilities relating thereto, except with respect to the obligations of the
predecessor Servicer that survive its

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termination as Servicer as set forth in Section 8.1(e). No Servicer shall resign
or be relieved of its duties under the Servicing Agreement, as Servicer of the
Transaction SUBI Portfolio, until a newly appointed Servicer for the Transaction
SUBI Portfolio shall have assumed the responsibilities and obligations of the
resigning or terminated Servicer under this Transaction SUBI Servicing
Supplement. In the event of a replacement of VCI as Servicer, the Required
Related Holders shall cause the successor Servicer to agree to indemnify VCI
against any losses, liabilities, damages or expenses (including attorneys' fees)
as a result of the negligence or willful misconduct of such successor Servicer.
The predecessor Servicer shall be entitled to receive reimbursement for any
outstanding Advances made with respect to the Transaction Units to the extent
funds are available therefor in accordance with the Indenture.

            (e) No termination or resignation of the Servicer as to the
Transaction SUBI Portfolio shall affect the obligations of the Servicer pursuant
to Section 2.7(c) of the Servicing Agreement; provided that following the
replacement of the Servicer pursuant to this Section 8.1, such Servicer shall
have no duties, responsibilities or other obligations hereunder with respect to
matters arising after such replacement.

      SECTION 8.2 NO EFFECT ON OTHER PARTIES. Upon any termination of the rights
and powers of the Servicer with respect to the Transaction SUBI Portfolio
pursuant to Section 8.1 hereof, or upon any appointment of a successor Servicer
with respect to the Transaction SUBI Portfolio, all the rights, powers, duties
and obligations of the Origination Trustees, the UTI Holder and the Settlor
under the Origination Trust Agreement, the Servicing Agreement, the Transaction
SUBI Supplement, any other SUBI Supplement, any other SUBI Servicing Agreement
Supplement or any other Origination Trust Document shall remain unaffected by
such termination or appointment and shall remain in full force and effect
thereafter, except as otherwise expressly provided herein or therein.

                                   ARTICLE IX
                                  MISCELLANEOUS

      SECTION 9.1 AMENDMENT.

            (a) Notwithstanding any provision of the Servicing Agreement, the
Servicing Agreement, as supplemented by this Transaction SUBI Servicing
Supplement, to the extent that it deals solely with the Transaction SUBI and the
Transaction SUBI Portfolio, may be amended in accordance with this Section 9.1.

            (b) Any term or provision of the Servicing Agreement or this
Transaction SUBI Servicing Supplement may be amended by the Servicer, without
the consent of any other Person; provided that (i) any amendment that materially
and adversely affects the interests of the Noteholders shall require the consent
of Noteholders evidencing not less than a majority of the aggregate outstanding
principal amount of the Outstanding Notes, voting as a single class, and (ii)
any amendment that materially and adversely affects the interests of the
Origination Trustees, the Swap Counterparty, the Indenture Trustee or the Owner
Trustee shall require the prior written consent of the Persons whose interests
are materially and adversely affected. An amendment shall be deemed not to
materially and adversely affect the interests of the Noteholders if the Rating
Agency Condition is satisfied with respect to such amendment.

                                           Transaction SUBI Servicing Supplement

                                       9
<PAGE>
 The consent of the Swap Counterparty shall be deemed to have been given if the
Servicer does not receive a written objection from such Person within 10
Business Days after a written request for such consent shall have been given.

            (c) Notwithstanding the foregoing, no amendment shall (i) reduce the
interest rate or principal amount of any Note, or delay the Final Scheduled
Payment Date of any Note without the consent of the Holder of such Note, or (ii)
reduce the percentage of the aggregate outstanding principal amount of the
Outstanding Notes, the Holders of which are required to consent to any matter
without the consent of the Holders of at least the percentage of the aggregate
outstanding principal amount of the Outstanding Notes which were required to
consent to such matter before giving effect to such amendment.

            (d) Notwithstanding anything herein to the contrary, any term or
provision of this Transaction SUBI Servicing Supplement may be amended by the
Servicer hereto without the consent of any of the Noteholders or any other
Person to add, modify or eliminate any provisions as may be necessary or
advisable in order to comply with or obtain more favorable treatment under or
with respect to any law or regulation or any accounting rule or principle
(whether now or in the future in effect); it being a condition to any such
amendment that the Rating Agency Condition shall have been satisfied.

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

            (f) Prior to the execution of any amendment to this Transaction SUBI
Servicing Supplement, the Servicer shall provide each Rating Agency with written
notice of the substance of such amendment. No later than 10 Business Days after
the execution of any amendment to this Transaction SUBI Servicing Supplement,
the Servicer shall furnish a copy of such amendment to each Rating Agency, the
Origination Trustees, the Owner Trustee, the Indenture Trustee and the Swap
Counterparty.

            (g) Prior to the execution of any amendment to this Transaction SUBI
Servicing Supplement, the Owner Trustee, the Indenture Trustee and the
Origination Trustees shall be entitled to receive and conclusively rely upon an
Opinion of Counsel stating that the execution of such amendment is authorized or
permitted by the Servicing Agreement or this Transaction SUBI Servicing
Supplement and that all conditions precedent to the execution and delivery of
such amendment have been satisfied.

      SECTION 9.2 GOVERNING LAW. THIS TRANSACTION SUBI SERVICING SUPPLEMENT
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL, SUBSTANTIVE
LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO THE RULES THEREOF RELATING
TO CONFLICTS OF LAW AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES
HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

      SECTION 9.3 NOTICES. The notice provisions of the Servicing Agreement
shall apply equally to this Transaction SUBI Servicing Supplement. All demands,
notices and

                                           Transaction SUBI Servicing Supplement

                                       10
<PAGE>

communications hereunder shall be in writing and shall be delivered or mailed by
registered or certified first-class United States mail, postage prepaid, hand
delivery, any prepaid courier service, or by telecopier, and addressed in each
case as follows: (a) if to the Servicer, VW Credit, Inc., 3800 Hamlin Road,
Auburn Hills, Michigan 48326, Attention: Secretary; Facsimile: (248) 340-4794
and Attention: Treasurer; Facsimile: (298) 340-5360; (b) if to the SUBI Trustee,
U.S. Bank National Association, 209 S. LaSalle Street, Suite 300, Chicago,
Illinois 60604, Attention: Corporate Trust Department; Facsimile: (312)
325-8905; or (c) if to the Delaware Trustee, Wilmington Trust Company, 1100
North Market Street, Wilmington, Delaware 19890, Attention: Corporate Trust
Administration; Facsimile: (302) 651-8882; or, as to each party, at such other
address as shall be designated by such party in a written notice to each other
party. All notices and demands shall be deemed to have been given upon actual
receipt thereof to any officer of the Person entitled to receive such notices
and demands at the address of such Person for notices hereunder.

      SECTION 9.4 THIRD-PARTY BENEFICIARIES. The Issuer and the Indenture
Trustee, as holder and pledgee, respectively, of the Transaction SUBI
Certificate, and their respective successors, permitted assigns and pledgees are
third-party beneficiaries of the obligations of the parties hereto and may
directly enforce the performance of any of such obligations hereunder.

      SECTION 9.5 SEVERABILITY. If one or more of the provisions of this
Transaction SUBI Servicing Supplement shall be for any reason whatever held
invalid or unenforceable, such provisions shall be deemed severable from the
remaining covenants, agreements and provisions of this Transaction SUBI
Servicing Supplement, and such invalidity or unenforceability shall in no way
affect the validity or enforceability of such remaining covenants, agreements
and provisions, or the rights of any parties hereto. To the extent permitted by
law, the parties hereto waive any provision of law that renders any provision of
this Transaction SUBI Servicing Supplement invalid or unenforceable in any
respect.

      SECTION 9.6 BINDING EFFECT. The provisions of the Servicing Agreement and
this Transaction SUBI Servicing Supplement, insofar as they relate to the
Transaction SUBI Portfolio, shall be binding upon and inure to the benefit of
the respective successors and permitted assigns of the parties hereto.

      SECTION 9.7 ARTICLE AND SECTION HEADINGS. The article and section headings
herein are for convenience of reference only, and shall not limit or otherwise
affect the meaning hereof.

      SECTION 9.8 EXECUTION IN COUNTERPARTS. This Transaction SUBI Servicing
Supplement may be executed in any number of counterparts, each of which so
executed and delivered shall be deemed to be an original, but all of which shall
together constitute but one and the same instrument.

      SECTION 9.9 FURTHER ASSURANCES. Each party will do such acts, and execute
and deliver to any other party such additional documents or instruments, as may
be reasonably requested in order to effect the purposes of this Transaction SUBI
Servicing Supplement and to better assure and confirm unto the requesting party
its rights, powers and remedies hereunder.

                                           Transaction SUBI Servicing Supplement

                                       11
<PAGE>

      SECTION 9.10 EACH SUBI SEPARATE; ASSIGNEES OF SUBI. Each party hereto
acknowledges and agrees (and each holder or pledgee of the Transaction SUBI, by
virtue of its acceptance of such Transaction SUBI or pledge thereof acknowledges
and agrees) that (a) the Transaction SUBI is a separate series of the
Origination Trust as provided in Section 3806(b)(2) of Chapter 38 of Title 12 of
the Delaware Code, 12 Del. Code Section 3801 et seq., (b)(i) the debts,
liabilities, obligations and expenses incurred, contracted for or otherwise
existing with respect to the Transaction SUBI or the Transaction SUBI Portfolio
shall be enforceable against the Transaction SUBI Portfolio only and not against
any Other SUBI Assets or the UTI Portfolio and (ii) the debts, liabilities,
obligations and expenses incurred, contracted for or otherwise existing with
respect to any Other SUBI, any Other SUBI Portfolio, the UTI or the UTI
Portfolio shall be enforceable against such Other SUBI Portfolio or the UTI
Portfolio only, as applicable, and not against the Transaction SUBI or any
Transaction SUBI Assets, (c) except to the extent required by law, UTI Assets or
SUBI Assets with respect to any SUBI (other than the Transaction SUBI) shall not
be subject to the claims, debts, liabilities, expenses or obligations arising
from or with respect to the Transaction SUBI, in respect of such claim, (d)(i)
no creditor or holder of a claim relating to the Transaction SUBI or the
Transaction SUBI Portfolio shall be entitled to maintain any action against or
recover any assets allocated to the UTI or the UTI Portfolio or any Other SUBI
or the assets allocated thereto, and (ii) no creditor or holder of a claim
relating to the UTI, the UTI Portfolio or any SUBI other than the Transaction
SUBI or any SUBI Assets other than the Transaction SUBI Portfolio shall be
entitled to maintain any action against or recover any assets allocated to the
Transaction SUBI, and (e) any purchaser, assignee or pledgee of an interest in
the Transaction SUBI or, the Transaction SUBI Certificate, must, prior to or
contemporaneously with the grant of any such assignment, pledge or security
interest, (i) give to the Origination Trust a non-petition covenant
substantially similar to that set forth in Section 6.9 of the Origination Trust
Agreement, and (ii) execute an agreement for the benefit of each holder,
assignee or pledgee from time to time of the UTI or UTI Certificate and any
Other SUBI or Other SUBI Certificate to release all claims to the assets of the
Origination Trust allocated to the UTI Portfolio and each Other SUBI Portfolio
and, in the event that such release is not given effect, to fully subordinate
all claims it may be deemed to have against the assets of the Origination Trust
allocated to the UTI Portfolio and each Other SUBI Portfolio.

      SECTION 9.11 NO PETITION. With respect to each Bankruptcy Remote Party,
each party hereto (and each holder and pledgee of the Transaction SUBI, by
virtue of its acceptance of such SUBI or pledge thereof) agrees that, prior to
the date which is one year and one day after payment in full of all obligations
under each Financing, (i) no party hereto shall authorize such Bankruptcy Remote
Party to commence a voluntary winding-up or other voluntary case or other
proceeding seeking liquidation, reorganization or other relief with respect to
such Bankruptcy Remote Party or its debts under any bankruptcy, insolvency or
other similar law now or hereafter in effect in any jurisdiction or seeking the
appointment of an administrator, trustee, receiver, liquidator, custodian or
other similar official with respect to such Bankruptcy Remote Party or any
substantial part of its property or to consent to any such relief or to the
appointment of or taking possession by any such official in an involuntary case
or other proceeding commenced against such Bankruptcy Remote Party, or to make a
general assignment for the benefit of any party hereto or any other creditor of
such Bankruptcy Remote Party, and (ii) none of the parties hereto shall commence
or join with any other Person in commencing any proceeding against such
Bankruptcy Remote Party under any bankruptcy, reorganization, liquidation or
insolvency law or statute now or hereafter in effect in any jurisdiction.

                                           Transaction SUBI Servicing Supplement

                                       12
<PAGE>

      SECTION 9.12 SUBMISSION TO JURISDICTION; WAIVER OF JURY TRIAL. Each of the
parties hereto hereby irrevocably and unconditionally:

            (a) submits for itself and its property in any legal action or
proceeding relating to this Agreement or any documents executed and delivered in
connection herewith, or for recognition and enforcement of any judgment in
respect thereof, to the nonexclusive general jurisdiction of the courts of the
State of New York, the courts of the United States of America for the Southern
District of New York and appellate courts from any thereof;

            (b) consents that any such action or proceeding may be brought in
such courts and waives any objection that it may now or hereafter have to the
venue of such action or proceeding in any such court or that such action or
proceeding was brought in an inconvenient court and agrees not to plead or claim
the same;

            (c) agrees that service of process in any such action or proceeding
may be effected by mailing a copy thereof by registered or certified mail (or
any substantially similar form of mail), postage prepaid, to such Person at its
address determined in accordance with Section 9.3 of this Transaction SUBI
Servicing Supplement; and

            (d) agrees that nothing herein shall affect the right to effect
service of process in any other manner permitted by law or shall limit the right
to sue in any other jurisdiction.

      SECTION 9.13 LIMITATION OF LIABILITY OF U.S. BANK. Notwithstanding
anything contained herein to the contrary, this instrument has been signed by
U.S. Bank not in its individual capacity but solely in its capacities as
Administrative Trustee and as SUBI Trustee and in no event shall U.S. Bank in
its individual capacity have any liability for the representations, warranties,
covenants, agreements or other obligations of the Origination Trust hereunder,
as to all of which recourse shall be had solely to the assets of the Origination
Trust.

      SECTION 9.14 INFORMATION REQUESTS. The parties hereto shall provide any
information reasonably requested by the Servicer, the Issuer, the Transferor or
any of their Affiliates, in order to comply with or obtain more favorable
treatment under any current or future law, rule, regulation, accounting rule or
principle.

                       [SIGNATURES ON THE FOLLOWING PAGE]

                                           Transaction SUBI Servicing Supplement

                                       13
<PAGE>

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

                             VW CREDIT LEASING, LTD.

                             By:  U.S. Bank National Association, not in its
                                  individual capacity but solely as
                                  Administrative Trustee

                             By:________________________________________________
                             Name:______________________________________________
                             Title:_____________________________________________

                                           Transaction SUBI Servicing Supplement

                                      S-1
<PAGE>

                             VW CREDIT, INC., as Servicer

                             By:________________________________________________
                             Name:______________________________________________
                             Title:_____________________________________________

                             By:________________________________________________
                             Name:______________________________________________
                             Title:_____________________________________________

                                           Transaction SUBI Servicing Supplement

                                      S-2
<PAGE>

                             U.S. BANK NATIONAL ASSOCIATION, not in its
                             individual capacity but solely as SUBI Trustee

                             By:________________________________________________
                             Name:______________________________________________
                             Title:_____________________________________________

                                           Transaction SUBI Servicing Supplement

                                      S-3
<PAGE>

                                                                       EXHIBIT A

                      FORM OF ANNUAL OFFICER'S CERTIFICATE

           (As required to be delivered on or before April 30 of each
            calendar year beginning with April 30, 2005, pursuant to
           Section 7.11 of the Transaction SUBI Servicing Supplement)

                                 VW CREDIT, INC.

                 -----------------------------------------------

                       VOLKSWAGEN AUTO LEASE TRUST 2004-A

                 -----------------------------------------------

            The undersigned, duly authorized representatives of VW Credit,
Inc.("VCI"), as Servicer, pursuant to the Transaction SUBI Supplement 2004-A to
Servicing Agreement dated as of September 29, 2004 (as amended and supplemented,
or otherwise modified and in effect from time to time, the "Transaction SUBI
Servicing Supplement"), by and among VW CREDIT LEASING, LTD., VCI, as Servicer,
and U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity but solely as
SUBI Trustee, do hereby certify that:

            1. VCI is, as of the date hereof, the Servicer under the Transaction
SUBI Servicing Supplement.

            2. The undersigned are Authorized Officers of the Servicer.

            3. A review of the activities of the Servicer during the calendar
year ended December 31, ____, and of its performance under the Transaction SUBI
Servicing Supplement was conducted under our supervision.

            4. Based on such review, the Servicer has, to the best of our
knowledge, performed in all material respects all of its obligations under the
Transaction SUBI Servicing Supplement throughout such year and no default in the
performance of such obligations has occurred or is continuing except as set
forth in paragraph 5 below.

            5. The following is a description of each default in the performance
of the Servicer's obligations under the provisions of the Transaction SUBI
Servicing Supplement known to us to have been made by the Servicer during the
year ended December 31, ____, which sets forth in detail the (a) nature of each
such default, (b) the action taken by the Servicer, if any, to remedy each such
default and (c) the current status of each such default: (If applicable, insert
"None.")

            Capitalized terms used herein but not defined herein are used as
defined in the Transaction SUBI Servicing Supplement.

                                           Transaction SUBI Servicing Supplement

                                      A-1

<PAGE>

            IN WITNESS WHEREOF, each of the undersigned has duly executed this
Certificate this ____ day of __________.

                                        By:_____________________________________
                                           Name:
                                           Title:

                                        By:_____________________________________
                                           Name:
                                           Title:

                                           Transaction SUBI Servicing Supplement

                                      A-2
<PAGE>

                                                                       EXHIBIT B

                       FORM OF ANNUAL ERISA CERTIFICATION

           (As required to be delivered on or before April 30 of each
            calendar year beginning with April 30, 2005, pursuant to
           Section 7.11 of the Transaction SUBI Servicing Supplement)

                                 VW CREDIT, INC.

                 -----------------------------------------------

                       VOLKSWAGEN AUTO LEASE TRUST 2004-A

                 -----------------------------------------------

            The undersigned, duly authorized representatives of VW Credit, Inc.
("VCI"), as Servicer, pursuant to the Transaction SUBI Supplement 2004-A to
Servicing Agreement dated as of September 29, 2004 (as amended and supplemented,
or otherwise modified and in effect from time to time, the "Transaction SUBI
Servicing Supplement"), by and among VW CREDIT LEASING, LTD., VCI, as Servicer,
and U.S. BANK NATIONAL ASSOCIATION, not in its individual capacity but solely as
SUBI Trustee, do hereby certify that:

      1. The undersigned are Authorized Officers of VCI.

      2. As of the end of VCI's preceding fiscal year, with respect to the ERISA
      plans subject to Title IV of ERISA maintained or sponsored by VCI or any
      of VCI's ERISA Affiliates (i.e., any member of VCI's "controlled group,"
      within the meaning of Section 4001 of ERISA) (collectively, the "Plans"):

            (a) Plan assets exceed the present value of accrued benefits under
            each of the Plans as of the close of the most recent Plan year, as
            required to be reported in the financial statements for such Plan
            filed with the most recent Form 5500 for such Plan (the "Most Recent
            Plan Financial Statements").

            (b) Neither VCI nor any of its ERISA Affiliates (i) anticipates that
            the value of the assets of any Plan it maintains would not be
            sufficient to cover any Current Liability; or (ii) is contemplating
            benefit improvements with respect to any Plan then maintained by any
            such entity or the establishment of any new Plan, either of which
            would cause any such entity to maintain a Plan with Unfunded Current
            Liability. The term "Current Liability" means, with respect to any
            Plan, the present value of the accrued benefits under the Plan, as
            set forth in the Most Recent Plan Financial Statements. The term
            "Unfunded Current Liability" of any Plan means the amount, if any,
            by which the present value of the accrued benefits

                                           Transaction SUBI Servicing Supplement

                                      B-1
<PAGE>

            under the Plan, as reported in the Most Recent Plan Financial
            Statements, exceeds the value of the Plan's assets, as set forth in
            the Most Recent Plan Financial Statements.

            (c) If all of the Plans (other than a multiemployer Plan) were
            terminated (disregarding any Plans with surpluses), the unfunded
            liabilities at such date with respect to such Plans, their
            participants or beneficiaries, and the PBGC, would not have exceeded
            5% of the consolidated net worth of Volkswagen AG or 25% of the
            consolidated net worth of Volkswagen of America, Inc. at such date.

            (d) If VCI or any of VCI's ERISA Affiliates withdrew or were to have
            withdrawn from all multiemployer Plans at such date, the aggregate
            withdrawal liability would not have exceeded 5% of the consolidated
            net worth of Volkswagen AG or 25% of the consolidated net worth of
            Volkswagen of America, Inc. at such date.

            (e) No accumulated funding deficiency or waived funding deficiency
            as defined in section 412 of the IRC or under any multiemployer plan
            or collective bargaining agreement existed at such date and there
            was no failure to make any required contribution under the minimum
            funding requirements of the Internal Revenue Code.

            Capitalized terms used but not defined herein are used as defined in
the Transaction SUBI Servicing Supplement.

            IN WITNESS WHEREOF, each of the undersigned has duly executed this
Certificate this ____ day of __________.

                                        By:_____________________________________
                                           Name:
                                           Title:

                                        By:_____________________________________
                                           Name:
                                           Title:

                                           Transaction SUBI Servicing Supplement

                                      B-2<PAGE>

                                                                    EXHIBIT 10.5

--------------------------------------------------------------------------------

                               SUBI SALE AGREEMENT

                         dated as of September 29, 2004

                                     between

                                VW CREDIT, INC.,
                                    as Seller

                                       and

                     VOLKSWAGEN AUTO LEASE UNDERWRITTEN FUNDING, LLC,
                                    as Buyer

--------------------------------------------------------------------------------
<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                             PAGE
<S>                                                                           <C>
                                    ARTICLE I
                                   DEFINITIONS

SECTION 1.1       Certain Terms..............................................  1

SECTION 1.2       Other Definitional Provisions..............................  2

SECTION 1.3       Other Terms................................................  2

SECTION 1.4       Computation of Time Periods................................  2

                                   ARTICLE II
                            PURCHASE AND CONTRIBUTION

SECTION 2.1       Agreement to Sell and Contribute..........................   2

SECTION 2.2       Consideration and Payment.................................   2

SECTION 2.3       Representations, Warranties and Covenants.................   3

SECTION 2.4       Subordinated Note.........................................   5

SECTION 2.5       Protection of Title.......................................   5

SECTION 2.6       Other Adverse Claims or Interests.........................   6

                                   ARTICLE III
                                  MISCELLANEOUS

SECTION 3.1       Transfers Intended as Sale; Security Interest.............   6

SECTION 3.2       Specific Performance......................................   7

SECTION 3.3       Notices, Etc..............................................   7

SECTION 3.4       Choice of Law.............................................   7

SECTION 3.5       Counterparts..............................................   8

SECTION 3.6       Amendment.................................................   8

SECTION 3.7       Waivers...................................................   9

SECTION 3.8       Entire Agreement..........................................   9

SECTION 3.9       Severability of Provisions................................   9

SECTION 3.10      Binding Effect; Assignability.............................   9

SECTION 3.11      Acknowledgment and Agreement..............................   9

SECTION 3.12      No Waiver; Cumulative Remedies............................  10

SECTION 3.13      Nonpetition Covenant......................................  10

SECTION 3.14      Each SUBI Separate; Assignees of SUBI.....................  10

SECTION 3.15      Submission to Jurisdiction; Waiver of Jury Trial..........  11
</TABLE>

                                      -i-
<PAGE>

                               SUBI SALE AGREEMENT

      THIS SUBI SALE AGREEMENT is made and entered into as of September 29, 2004
(as amended, supplemented or modified from time to time, this "Agreement") by VW
CREDIT, INC., a Delaware corporation (the "Seller"), and VOLKSWAGEN AUTO LEASE
UNDERWRITTEN FUNDING, LLC, a Delaware limited liability company (the "Buyer").

                                   WITNESSETH:

      WHEREAS, VW Credit Leasing, Ltd. is a Delaware statutory trust (the
"Origination Trust") formed and operated pursuant to that certain Trust
Agreement dated as of June 2, 1999 (as amended, modified or supplemented from
time to time, the "Origination Trust Agreement") for the purpose, among other
things, of acquiring title to Units;

      WHEREAS, on the date hereof, the Seller, as owner of the entire undivided
interest in the Origination Trust (the "UTI Portfolio"), and U.S. Bank National
Association, as UTI Trustee (in such capacity, the "UTI Trustee"), SUBI Trustee
(in such capacity, the "SUBI Trustee") and Administrative Trustee (in such
capacity, the "Administrative Trustee"; together with the UTI Trustee, the SUBI
Trustee and Wilmington Trust Company, as Delaware Trustee (the "Delaware
Trustee"), the "Origination Trustees"), are entering into that certain
Transaction SUBI Supplement 2004-A to Origination Trust Agreement (as amended,
modified or supplemented from time to time, the "Transaction SUBI Supplement")
to create a special unit of beneficial interest (the "Transaction SUBI"); and

      WHEREAS, the Seller desires to sell to the Buyer, and the Buyer desires to
acquire, the Seller's entire beneficial ownership interest in (A) the Units
allocated to the Transaction SUBI (the "Transaction SUBI Portfolio") and (B) the
certificate issued as evidence thereof (the "Transaction SUBI Certificate");

      NOW, THEREFORE, in consideration of the premises and the mutual agreements
set forth herein, the parties hereto agree as follows:

                                    ARTICLE I

                                   DEFINITIONS

      SECTION 1.1 Certain Terms. Terms defined in Appendix A to the Indenture,
dated as of September 29, 2004 (as amended, supplemented or modified from time
to time, the "Indenture"), between Volkswagen Auto Lease Trust 2004-A, a
Delaware statutory trust (the "Issuer"), and Citibank, N.A., as indenture
trustee, are, unless otherwise defined herein or unless the context otherwise
requires, used herein as defined therein. In addition, the following terms shall
have the following meanings (such terms applicable to both the singular and
plural form):

      "Allocation Price" means, with respect to any Unit, an amount equal to
100% of the Securitization Value thereof as of the Cut-Off Date.

                                                             SUBI Sale Agreement

<PAGE>

      "SUBI Allocation Price" means, with respect to all Units to be allocated
to the Transaction SUBI in accordance with Section 2.1 on the Closing Date, the
aggregate of the Allocation Prices for all Units to be so allocated on such
date.

      SECTION 1.2 Other Definitional Provisions.

      (a) Each term defined in the singular form in this Agreement shall mean
the plural thereof when the plural form of such term is used in this Agreement
or any certificate, report or other document made or delivered pursuant hereto,
and each term defined in the plural form in shall mean the singular thereof when
the singular form of such term is used herein or therein.

      (b) The words "hereof", "herein", "hereunder" and similar terms when used
in this Agreement shall refer to this Agreement as a whole and not to any
particular provision of this Agreement, and article, section, subsection,
schedule and exhibit references herein are references to articles, sections,
subsections, schedules and exhibits to or of this Agreement unless otherwise
specified.

      SECTION 1.3 Other Terms. All accounting terms not specifically defined
herein or in Appendix A to the Indenture shall be construed in accordance with
GAAP. All terms used in Article 9 of the UCC and not specifically defined herein
or in Appendix A to the Indenture are used herein as defined in such Article 9.

      SECTION 1.4 Computation of Time Periods. Unless otherwise stated in this
Agreement, in the computation of a period of time from a specified date to a
later specified date, the word "from" means "from and including" and the words
"to" and "until" each mean "to but excluding".

                                   ARTICLE II

                            PURCHASE AND CONTRIBUTION

      SECTION 2.1 Agreement to Sell and Contribute.

      On the terms and subject to the conditions set forth in this Agreement, on
the date hereof, the Seller hereby:

      (a) transfers, assigns, sets over, sells and otherwise conveys to the
Buyer, and the Buyer hereby purchases from the Seller, all of the Seller's
right, title and interest in and to the Transaction SUBI Certificate and the
Transaction SUBI, including, but not limited to, all Collections thereunder
after the Cut-Off Date; and

      (b) directs the UTI Trustee and the Servicer to identify from the
Origination Trust Assets allocable to the UTI Interest, and to allocate to the
Transaction SUBI Portfolio represented by the Transaction SUBI Certificate, the
Transaction SUBI Assets identified in Section 11.1 of the Transaction SUBI
Supplement.

      SECTION 2.2 Consideration and Payment. In consideration of the transfer of
the Transaction SUBI transferred to the Buyer on the Closing Date, the Buyer
shall pay to the Seller

                                                             SUBI Sale Agreement

                                       2
<PAGE>

on the Closing Date the SUBI Allocation Price with respect thereto by (i) making
a cash payment to the Seller to the extent that the Buyer has received a cash
payment from the Issuer pursuant to the SUBI Transfer Agreement and (ii) if the
SUBI Allocation Price to be paid for the Units exceeds the amount of any cash
payment for the account of the Seller on such day pursuant to clause (i), (x)
such excess shall automatically be considered to have been contributed to the
Buyer by the Seller as a capital contribution or (y) at the option of the Seller
(as evidenced by notice to the Buyer), to the extent the Buyer would not be left
with insufficient capital to meet, with a reasonable degree of certainty, its
reasonably foreseeable obligations as they come due, the Buyer may increase the
principal amount due and outstanding under the Subordinated Note (as defined
below). As of the Closing Date, the Buyer paid in cash $[__________] of the SUBI
Allocation Price, and the Seller contributed to the Buyer such Units as had an
aggregate Securitization Value equal to $[__________] and received the
Subordinated Note (as defined below) in an initial outstanding principal amount
of $[__________].

      SECTION 2.3 Representations, Warranties and Covenants.

      (a) The Seller hereby represents and warrants to the Buyer that, as of the
date hereof:

            (i) Existence and Power. The Seller is a corporation and the
      Origination Trust is a business trust, in each case, duly organized,
      validly existing and in good standing under the laws of its state of
      organization, and each of the Seller and the Origination Trust has all
      power and authority required to carry on its business as it is now
      conducted. Each of the Seller and the Origination Trust has obtained all
      necessary licenses and approvals, in all jurisdictions where the failure
      to do so would materially and adversely affect the business, properties,
      financial condition or results of operations of the Seller or the
      Origination Trust, respectively, taken as a whole.

            (ii) Corporate Authorization and No Contravention. The execution,
      delivery and performance by each of the Seller and the Origination Trust
      of each Transaction Document to which it is a party (i) have been duly
      authorized by all necessary corporate action, (ii) do not contravene or
      constitute a default under (A) any applicable law, rule or regulation, (B)
      its organizational documents or (C) any agreement, contract, order or
      other instrument to which it is a party or its property is subject and
      (iii) will not result in any Adverse Claim on the Transaction SUBI or give
      cause for the acceleration of any indebtedness of the Seller or the
      Origination Trust.

            (iii) No Consent Required. No approval, authorization or other
      action by, or filing with, any Governmental Authority is required in
      connection with the execution, delivery and performance by the Seller or
      the Origination Trust of any Transaction Document other than UCC filings
      and other than approvals and authorizations that have previously been
      obtained and filings which have previously been made.

            (iv) Binding Effect. Each Transaction Document to which the Seller
      or the Origination Trust is a party constitutes the legal, valid and
      binding obligation of such Person enforceable against such Person in
      accordance with its terms, except as limited by bankruptcy, insolvency, or
      other similar laws of general application relating to or

                                                             SUBI Sale Agreement

                                        3
<PAGE>

affecting the enforcement of creditors' rights generally and subject to general
principles of equity.

            (v) Ownership and Transfer of Transaction SUBI. Immediately
      preceding its sale of the Transaction SUBI to the Buyer, the Seller was
      the owner of the Transaction SUBI, free and clear of any Adverse Claim,
      and after such sale of the Transaction SUBI to the Buyer, the Buyer shall
      at all times be entitled, with respect to the Transaction SUBI, to all of
      the rights and benefits of a holder of a SUBI under the Origination Trust
      Documents.

            (vi) Applicable Law. Each of the Seller and the Origination Trust is
      in compliance with all Applicable Laws, the failure to comply with which
      would have a material adverse effect.

            (vii) Litigation. There are no actions, suits or proceedings pending
      or, to the knowledge of the Seller, threatened against the Seller before
      or by any Governmental Authority that (i) question the validity or
      enforceability of this Agreement or adversely affect the ability of the
      Seller to perform its obligations hereunder or (ii) individually or in the
      aggregate would have a material adverse effect. Neither the Seller nor the
      Origination Trust is in default with respect to any orders of any
      Governmental Authority, the default under which individually or in the
      aggregate would have a material adverse effect.

            (viii) Status of Seller. The Seller is not an "investment company"
      within the meaning of the Investment Company Act of 1940, as amended. The
      Seller is not subject to regulation as a "holding company", an "affiliate"
      of a "holding company", or a "subsidiary company" of a "holding company",
      within the meaning of the Public Utility Holding Company Act of 1935, as
      amended.

            (ix) Status of Origination Trust. The Origination Trust is not an
      "investment company" within the meaning of the Investment Company Act of
      1940, as amended. The Origination Trust is not subject to regulation as a
      "holding company", an "affiliate" of a "holding company", or a "subsidiary
      company" of a "holding company", within the meaning of the Public Utility
      Holding Company Act of 1935, as amended.

      The representations and warranties set forth in this Section 2.3(a) shall
speak only as of the date hereof and shall survive the sale of the Transaction
SUBI hereunder.

      (b) The Seller hereby represents and warrants to the Buyer with respect to
each Unit being allocated to the Transaction SUBI on the Closing Date that, as
of the Cut-Off Date or the Closing Date, as applicable, the representations and
warranties set forth on Schedule I hereto were true and correct with respect to
such Unit. The representation and warranties set forth on Schedule I hereto
shall survive the allocation of such Unit hereunder.

      (c) Upon discovery by the Buyer or the Seller of a breach of any of the
representations and warranties set forth in Section 2.3(b) at the time such
representations and warranties were made which materially and adversely affects
the interests of the Issuer in the related Unit, the party discovering such
breach shall give prompt written notice thereof to the

                                                             SUBI Sale Agreement

                                        4
<PAGE>

other parties. If the Seller does not correct or cure such breach prior to the
end of the Collection Period after the date that the Seller was notified of such
breach, then the Seller shall direct the SUBI Trustee and the Servicer to
reallocate the noncompliant Units from the Transaction SUBI Portfolio to the UTI
Portfolio on the Payment Date following the end of such Collection Period. In
consideration for such reallocation, the Seller shall make a payment to the
Buyer equal to the Securitization Value of such Unit as of the beginning of the
Collection Period preceding such Payment Date by depositing such amount into the
Collection Account prior to 11:00 a.m., New York City time, on such Payment
Date. It is understood and agreed that the obligation of the Seller to
reallocate any Unit as to which such a breach has occurred and is continuing as
described above and to make the related reallocation payment shall constitute
the sole remedy respecting such breach available to the Buyer.

      (d) Perfection Representations. The representations, warranties and
covenants set forth on Schedule II hereto shall be a part of this Agreement for
all purposes. Notwithstanding any other provision of this Agreement or any other
Transaction Document, the perfection representations contained in Schedule II
shall be continuing, and remain in full force and effect until such time as all
obligations under the Indenture have been finally and fully paid and performed.
The parties to this Agreement: (i) shall not waive any of the perfection
representations contained in Schedule II; (ii) shall provide the Rating Agencies
with prompt written notice of any breach of perfection representations contained
in this Schedule and (iii) shall not waive a breach of any of the perfection
representations contained in Schedule II.

      SECTION 2.4 Subordinated Note.

      (a) On the Closing Date, the Buyer will deliver to the Seller a
subordinated promissory note, payable to the order of the Seller (as the same
may be amended, supplemented, endorsed or otherwise modified from time to time,
together with any promissory note issued from time to time in substitution
therefor or renewal thereof, being herein called the "Subordinated Note").

      (b) The Seller shall make all appropriate record keeping entries with
respect to the Subordinated Note to reflect the payments on and adjustment of
the Subordinated Note. The Seller's books and records shall constitute
rebuttable presumptive evidence of the principal amount of and accrued interest
on the Subordinated Note at any time, and the Seller hereby promises to mark the
Subordinated Note "CANCELED" and return it to the Buyer upon the final payment
thereof.

      SECTION 2.5 Protection of Title.

      (a) Filings. The Seller shall file such financing statements and cause to
be filed such continuation and other statements, all in such manner and in such
places as may be required by law fully to preserve, maintain and protect the
interest of the Buyer under this Agreement in the Transaction SUBI. The Seller
shall deliver (or cause to be delivered) to the Buyer file-stamped copies of, or
filing receipts for, any document filed as provided above, as soon as available
following such filing.

                                                             SUBI Sale Agreement

                                        5
<PAGE>

      (b) Name Change. The Seller shall not change its name, identity or
corporate structure in any manner that would, could, or might make any financing
statement or continuation statement filed by the Seller in accordance with
Section 2.5(a) "seriously misleading" within the meaning of Section 9-506, 9-507
and 9-508 of the UCC, unless it shall have given the Buyer at least 30 days'
prior written notice thereof and shall have taken all action prior to making
such change (or shall have made arrangements to take such action substantially
simultaneously with such change, if it is not possible to take such action in
advance) reasonably necessary or advisable in the opinion of the Buyer to amend
all previously filed financing statements or continuation statements described
in Section 2.5(a).

      (c) Sales Tax. All sales, property, use, transfer or other similar taxes
due and payable upon the purchase of the Transaction SUBI and the beneficial
interest in the Units included in the Transaction SUBI Portfolio by the Buyer
will be paid or provided for by the Seller.

      (d) Executive Office; Maintenance of Offices. The Seller shall give the
Buyer at least 30 days' prior written notice of any change of location of the
Seller for purposes of Section 9-307 of the UCC and shall have taken all action
prior to making such change (or shall have made arrangements to take such action
substantially simultaneously with such change, if it is not possible to take
such action in advance) reasonably necessary or advisable in the opinion of the
Buyer to amend all previously filed financing statements or continuation
statements described in Section 2.5(a). The Seller shall at all times maintain
each office from which it services Origination Trust Assets and its principal
executive office within the United States of America.

      SECTION 2.6 Other Adverse Claims or Interests. Except for the conveyances
and grants of security interests pursuant to this Agreement and the other
Transaction Documents, the Seller shall not sell, pledge, assign or transfer the
Transaction SUBI to any other Person, or grant, create, incur, assume or suffer
to exist any Adverse Claim on any interest therein, and the Seller shall defend
the right, title and interest of the Buyer in, to and under the Transaction SUBI
against all claims of third parties claiming through or under the Seller.

                                   ARTICLE III

                                  MISCELLANEOUS

      SECTION 3.1 Transfers Intended as Sale; Security Interest.

      (a) Each of the parties hereto expressly intends and agrees that the
transfers contemplated and effected under this Agreement are complete and
absolute sales and contributions rather than pledges or assignments of only a
security interest and shall be given effect as such for all purposes. The sale
and contribution of the Transaction SUBI and the Transaction SUBI Certificate
shall be reflected on the Seller's balance sheet and other financial statements
as a sale and contribution of assets by the Seller. The sales and contributions
by the Seller of the Transaction SUBI and the Transaction SUBI Certificate and
the beneficial interest in the Units allocated thereto hereunder are and shall
be without recourse to, or representation or warranty (express or implied) by,
the Seller, except as otherwise specifically provided herein. The limited rights
of recourse specified herein against the Seller are intended to provide a remedy
for breach of representations and warranties relating to the condition of the
property

                                                             SUBI Sale Agreement

                                        6
<PAGE>

sold, rather than to the collectibility of underlying indebtedness, and
therefore are intended to be consistent with warranties ordinarily given by a
seller of goods under Article 2 of the UCC.

      (b) Notwithstanding the foregoing, in the event that the Transaction SUBI
and the Transaction SUBI Certificate are held to be property of the Seller, or
if for any reason this Agreement is held or deemed to create a security interest
in the Transaction SUBI and the Transaction SUBI Certificate, then it is
intended that:

            (i) This Agreement shall be deemed to be a security agreement within
      the meaning of Articles 8 and 9 of the New York UCC and the UCC of any
      other applicable jurisdiction;

            (ii) The conveyance provided for in Section 2.1 shall be deemed to
      be a grant by the Seller to the Buyer of a security interest in all of its
      right (including the power to convey title thereto), title and interest,
      whether now owned or hereafter acquired, in and to the Transaction SUBI
      and the Transaction SUBI Certificate, to secure the performance of the
      obligations of the Seller hereunder;

            (iii) The possession by the Buyer or its agent of the Transaction
      SUBI Certificate shall be deemed to be "possession by the secured party"
      or possession by the purchaser or a person designated by such purchaser,
      for purposes of perfecting the security interest pursuant to the New York
      UCC and the UCC of any other applicable jurisdiction; and

            (iv) Notifications to persons holding such property, and
      acknowledgments, receipts or confirmations from persons holding such
      property, shall be deemed to be notifications to, or acknowledgments,
      receipts or confirmations from, bailees or agents (as applicable) of the
      Buyer for the purpose of perfecting such security interest under
      applicable law.

      SECTION 3.2 Specific Performance. Either party may enforce specific
performance of this Agreement.

      SECTION 3.3 Notices, Etc. All notices and other communications provided
for hereunder shall, unless otherwise stated herein, be in writing (including
facsimile communication) and shall be personally delivered or sent by certified
mail, postage prepaid, or by facsimile, to the intended party at the address or
facsimile number of such party set forth under its name on the signature pages
hereof or at such other address or facsimile number as shall be designated by
such party in a written notice to the other parties hereto. All such notices and
communications shall be effective (a) if personally delivered when received, (b)
if sent by certified mail, three Business Days after having been deposited in
the mail, postage prepaid, (c) if sent by overnight courier, one Business Day
after having been given to such courier, and (d) if transmitted by facsimile,
when sent, receipt confirmed by telephone or electronic means.

      SECTION 3.4 Choice of Law. THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE INTERNAL, SUBSTANTIVE LAWS OF THE STATE OF NEW
YORK WITHOUT REFERENCE TO THE RULES THEREOF RELATING TO CONFLICTS OF LAW AND THE
OBLIGATIONS,

                                                             SUBI Sale Agreement

                                        7
<PAGE>

RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE
WITH SUCH LAWS.

      SECTION 3.5 Counterparts. This Agreement may be executed in any number of
counterparts, each of which so executed shall be deemed to be an original, but
all of such counterparts shall together constitute but one and the same
instrument.

      SECTION 3.6 Amendment.

      (a) Any term or provision of this Agreement may be amended by the parties
hereto without the consent of the Indenture Trustee, any Noteholder, the Swap
Counterparty, the Issuer or the Owner Trustee; provided that (i) any amendment
that materially and adversely affects the interests of the Noteholders shall
require the consent of Noteholders evidencing not less than a majority of the
aggregate outstanding principal amount of the Outstanding Notes, voting as a
single class, and (ii) any amendment that materially and adversely affects the
interests of the Certificateholders, the Swap Counterparty, the Indenture
Trustee or the Owner Trustee shall require the prior written consent of the
Persons whose interests are materially and adversely affected. An amendment
shall be deemed not to materially and adversely affect the interests of the
Noteholders if the Rating Agency Condition is satisfied with respect to such
amendment. The consent of the Certificateholders, the Swap Counterparty, the
Indenture Trustee or the Owner Trustee shall be deemed to have been given if the
Servicer does not receive a written objection from such Person within 10
Business Days after a written request for such consent shall have been given.

      (b) Notwithstanding the foregoing, no amendment shall (i) reduce the
interest rate or principal amount of any Note, or delay the Final Scheduled
Payment Date of any Note without the consent of the Holder of such Note, or (ii)
reduce the percentage of the aggregate outstanding principal amount of the
Outstanding Notes, the Holders of which are required to consent to any matter
without the consent of the Holders of at least the percentage of the aggregate
outstanding principal amount of the Outstanding Notes which were required to
consent to such matter before giving effect to such amendment.

      (c) Notwithstanding anything herein to the contrary, any term or provision
of this Agreement may be amended by the parties hereto without the consent of
any of the Noteholders or any other Person to add, modify or eliminate any
provisions as may be necessary or advisable in order to comply with or obtain
more favorable treatment under or with respect to any law or regulation or any
accounting rule or principle (whether now or in the future in effect); it being
a condition to any such amendment that the Rating Agency Condition shall have
been satisfied.

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

      (e) Prior to the execution of any amendment to this Agreement, the Buyer
shall provide each Rating Agency with written notice of the substance of such
amendment. No later than 10 Business Days after the execution of any amendment
to this Agreement, the Buyer shall

                                                             SUBI Sale Agreement

                                        8
<PAGE>

furnish a copy of such amendment to each Rating Agency, the Issuer, the Owner
Trustee, the Indenture Trustee and the Swap Counterparty.

      (f) Prior to the execution of any amendment to this Agreement, the Owner
Trustee and the Indenture Trustee shall be entitled to receive and conclusively
rely upon an Opinion of Counsel stating that the execution of such amendment is
authorized or permitted by this Agreement and that all conditions precedent to
the execution and delivery of such amendment have been satisfied.

      SECTION 3.7 Waivers. No failure or delay on the part of the Buyer, the
Servicer, the Seller, the Issuer or the Indenture Trustee in exercising any
power or right hereunder (to the extent such Person has any power or right
hereunder) shall operate as a waiver thereof, nor shall any single or partial
exercise of any such power or right preclude any other or further exercise
thereof or the exercise of any other power or right. No notice to or demand on
the Buyer or the Seller in any case shall entitle it to any notice or demand in
similar or other circumstances. No waiver or approval by the Buyer under this
Agreement shall, except as may otherwise be stated in such waiver or approval,
be applicable to subsequent transactions. No waiver or approval under this
Agreement shall require any similar or dissimilar waiver or approval thereafter
to be granted hereunder.

      SECTION 3.8 Entire Agreement. The Transaction Documents contain a final
and complete integration of all prior expressions by the parties hereto with
respect to the subject matter thereof and shall constitute the entire agreement
among the parties hereto with respect to the subject matter thereof, superseding
all prior oral or written understandings. There are no unwritten agreements
among the parties.

      SECTION 3.9 Severability of Provisions. If any one or more of the
covenants, agreements, provisions or terms of this Agreement shall be for any
reason whatsoever held invalid, then such covenants, agreements, provisions or
terms shall be deemed severable from the remaining covenants, agreements,
provisions or terms of this Agreement and shall in no way affect the validity or
enforceability of the other provisions of this Agreement.

      SECTION 3.10 Binding Effect; Assignability. This Agreement shall be
binding upon and inure to the benefit of the Buyer and the Seller and their
respective successors and permitted assigns. The Seller may not assign any of
its rights hereunder or any interest herein without the prior written consent of
the Buyer, except as otherwise herein specifically provided. This Agreement
shall create and constitute the continuing obligations of the parties hereto in
accordance with its terms, and shall remain in full force and effect until such
time as the parties hereto shall agree.

      SECTION 3.11 Acknowledgment and Agreement. By execution below, the Seller
expressly acknowledges and consents to the sale of the Transaction SUBI and the
assignment of all rights and obligations of the Seller related thereto by the
Buyer to the Issuer pursuant to the SUBI Transfer Agreement and the mortgage,
pledge, assignment and grant of a security interest in the Transaction SUBI by
the Issuer to the Indenture Trustee pursuant to the Indenture for the benefit of
the Noteholders. In addition, the Seller hereby acknowledges and agrees that for
so

                                                             SUBI Sale Agreement

                                        9
<PAGE>

long as the Notes are outstanding, the Indenture Trustee will have the right to
exercise all powers, privileges and claims of the Buyer under this Agreement.

      SECTION 3.12 No Waiver; Cumulative Remedies. The remedies herein provided
are cumulative and not exclusive of any remedies provided by law.

      SECTION 3.13 Nonpetition Covenant. With respect to each Bankruptcy Remote
Party, each party hereto agrees that, prior to the date which is one year and
one day after payment in full of all obligations under each Financing (i) no
party hereto shall authorize such Bankruptcy Remote Party to commence a
voluntary winding-up or other voluntary case or other proceeding seeking
liquidation, reorganization or other relief with respect to such Bankruptcy
Remote Party or its debts under any bankruptcy, insolvency or other similar law
now or hereafter in effect in any jurisdiction or seeking the appointment of an
administrator, a trustee, receiver, liquidator, custodian or other similar
official with respect to such Bankruptcy Remote Party or any substantial part of
its property or to consent to any such relief or to the appointment of or taking
possession by any such official in an involuntary case or other proceeding
commenced against such Bankruptcy Remote Party, or to make a general assignment
for the benefit of any party hereto or any other creditor of such Bankruptcy
Remote Party, and (ii) none of the parties hereto shall commence or join with
any other Person in commencing any proceeding against such Bankruptcy Remote
Party under any bankruptcy, reorganization, liquidation or insolvency law or
statute now or hereafter in effect in any jurisdiction. Each of the parties
hereto agrees that, prior to the date which is one year and one day after the
payment in full of all obligations under each Financing, it will not institute
against, or join any other Person in instituting against, any Bankruptcy Remote
Party an action in bankruptcy, reorganization, arrangement, insolvency or
liquidation proceedings or similar proceeding under the laws of the United
States or any State of the United States.

      SECTION 3.14 Each SUBI Separate; Assignees of SUBI. Each party hereto
acknowledges and agrees (and each holder or pledgee of the Transaction SUBI, by
virtue of its acceptance of such Transaction SUBI or pledge thereof,
acknowledges and agrees) that (a) the Transaction SUBI is a separate series of
the Origination Trust as provided in Section 3806(b)(2) of Chapter 38 of Title
12 of the Delaware Code, 12 Del. Code Section 3801 et seq., (b)(i) the debts,
liabilities, obligations and expenses incurred, contracted for or otherwise
existing with respect to the Transaction SUBI or the Transaction SUBI Portfolio
shall be enforceable against the Transaction SUBI Portfolio only and not against
any Transaction SUBI Assets or the UTI Portfolio and (ii) the debts,
liabilities, obligations and expenses incurred, contracted for or otherwise
existing with respect to any Other SUBI, any Other SUBI Portfolio, the UTI or
the UTI Portfolio shall be enforceable against such Other SUBI Portfolio or the
UTI Portfolio only, as applicable, and not against the Transaction SUBI or any
Other SUBI Assets, (c) except to the extent required by law, UTI Assets or SUBI
Assets with respect to any SUBI (other than the Transaction SUBI) shall not be
subject to the claims, debts, liabilities, expenses or obligations arising from
or with respect to the Transaction SUBI in respect of such claim, (d)(i) no
creditor or holder of a claim relating to the Transaction SUBI or the
Transaction SUBI Portfolio shall be entitled to maintain any action against or
recover any assets allocated to the UTI or the UTI Portfolio or any Other SUBI
or the assets allocated thereto, and (ii) no creditor or holder of a claim
relating to the UTI, the UTI Portfolio or any SUBI other than the Transaction
SUBI or any SUBI Assets other than the Transaction SUBI Portfolio shall be
entitled to maintain any action

                                                             SUBI Sale Agreement

                                       10
<PAGE>

against or recover any assets allocated to the Transaction SUBI, and (e) any
purchaser, assignee or pledgee of an interest in the Transaction SUBI or the
Transaction SUBI Certificate must, prior to or contemporaneously with the grant
of any such assignment, pledge or security interest, (i) give to the Origination
Trust a non-petition covenant substantially similar to that set forth in Section
6.9 of the Origination Trust Agreement, and (ii) execute an agreement for the
benefit of each holder, assignee or pledgee from time to time of the UTI or UTI
Certificate and any Other SUBI or Other SUBI Certificate, to release all claims
to the assets of the Origination Trust allocated to the UTI Portfolio and each
Other SUBI Portfolio and in the event that such release is not given effect, to
fully subordinate all claims it may be deemed to have against the assets of the
Origination Trust allocated to the UTI Portfolio and each Other SUBI Portfolio.

      SECTION 3.15 Submission to Jurisdiction; Waiver of Jury Trial. Each of the
parties hereto hereby irrevocably and unconditionally:

      (a) submits for itself and its property in any legal action or proceeding
relating to this Agreement or any documents executed and delivered in connection
herewith, or for recognition and enforcement of any judgment in respect thereof,
to the nonexclusive general jurisdiction of the courts of the State of New York,
the courts of the United States of America for the Southern District of New York
and appellate courts from any thereof;

      (b) consents that any such action or proceeding may be brought in such
courts and waives any objection that it may now or hereafter have to the venue
of such action or proceeding in any such court or that such action or proceeding
was brought in an inconvenient court and agrees not to plead or claim the same;

      (c) agrees that service of process in any such action or proceeding may be
effected by mailing a copy thereof by registered or certified mail (or any
substantially similar form of mail), postage prepaid, to such Person at its
address determined in accordance with Section 3.3 of this Agreement;

      (d) agrees that nothing herein shall affect the right to effect service of
process in any other manner permitted by law or shall limit the right to sue in
any other jurisdiction; and

      (e) to the extent permitted by applicable law, waives all right of trial
by jury in any action, proceeding or counterclaim based on, or arising out of,
under or in connection with this Agreement, any other Transaction Document, or
any matter arising hereunder or thereunder.

                                                             SUBI Sale Agreement

                            [Signature Page Follows]

                                       11
<PAGE>

      IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the day and year first written above.

                                            VW CREDIT, INC.

                                            By:_________________________________
                                               Name:____________________________
                                               Title:___________________________

                                            By:_________________________________
                                               Name:____________________________
                                               Title:___________________________

                                               Address:

                                               3800 Hamlin Road
                                               Auburn Hills, Michigan 48326
                                               Attn: Treasurer
                                               Telephone: (248) 754-5360
                                               Telecopy: (248) 754-4581

                                                             SUBI Sale Agreement

                                      S-1

<PAGE>

                                            VOLKSWAGEN AUTO LEASE
                                            UNDERWRITTEN FUNDING, LLC

                                            By:_________________________________
                                               Name:____________________________
                                               Title:___________________________

                                            By:_________________________________
                                               Name:____________________________
                                               Title:___________________________

                                               Address:

                                               3800 Hamlin Road
                                               Auburn Hills, Michigan 48326
                                               Attn: Treasurer
                                               Telephone: (248) 754-5360
                                               Telecopy: (248) 754-4581

                                                             SUBI Sale Agreement

                                      S-2
<PAGE>

                                   SCHEDULE I

                         REPRESENTATIONS AND WARRANTIES
                              WITH RESPECT TO UNITS

      1. Ownership of the Units.

      (a) As of the Cut-Off Date, good and valid ownership of each Unit will be
validly and effectively vested in the Origination Trust, free and clear of all
Adverse Claims, except for Permitted Liens (and no Adverse Claim, other than an
Adverse Claim of the type described in clause (f) of the definition of Permitted
Liens, shall be noted on the certificate of title for any Vehicle included in
any such Unit).

      (b) As of the Closing Date, good and valid ownership of the beneficial
interest in each Unit will be validly and effectively conveyed to, and vested in
the Buyer, free and clear of all Adverse Claims, except for Permitted Liens.

      2. Event of Loss. As of the Cut-Off Date, to the Seller's knowledge, no
Vehicle included in any such Unit was subject to an event which would constitute
an Event of Loss.

      3. Eligible Units. As of the Cut-Off Date, each Unit included in the
Transaction SUBI Portfolio was an Eligible Unit.

      4. Amortization of Leases. The Lease included in such Unit was written on
a constant yield basis and provides for substantially equal monthly payments,
such that, at the end of the lease term, the capitalized cost has been amortized
to an amount equal to the Stated Residual Value of the related Vehicle.

      5. Valid Assignment. No Transaction Lease was originated in, or is subject
to the laws of, any jurisdiction under which the transfer and assignment of a
beneficial interest in such Transaction Vehicle pursuant to a transfer of the
Transaction SUBI Certificate or the Transaction SUBI or any other transaction
contemplated hereunder to occur on or about the Closing Date, is unlawful, void
or voidable. No Transaction Vehicle is subject to the laws of any jurisdiction
under which the transfer and assignment of a beneficial interest in such Vehicle
pursuant to transfer of the Transaction SUBI Certificate or the Transaction
SUBI, or any other transaction contemplated hereunder to occur on or about the
Closing Date, is unlawful, void or voidable.

      6. Aggregate Securitization Value. As of the Cut-Off Date, the aggregate
Securitization Value of all Transaction Units was $[__________].

      7. New Vehicles. Each Vehicle related to a Unit included in the
Transaction SUBI Portfolio was new Vehicle at the inception of the related
Lease.

      8. Location of Leases. As of the Closing Date, the files and records for
each Unit included in the Transaction SUBI Portfolio are maintained at the
offices of the Servicer.

      9. Accuracy of Information. The information relating to each Unit set
forth on Schedule 1 to the Transaction SUBI Supplement is true and correct in
all material respects.

                                      I-1
<PAGE>

                                   SCHEDULE II

              PERFECTION REPRESENTATIONS, WARRANTIES AND COVENANTS

      In addition to the representations, warranties and covenants contained in
the SUBI Sale Agreement, the Seller hereby represents, warrants, and covenants
to the Buyer as follows on the Closing Date:

1. The SUBI Sale Agreement creates a valid and continuing security interest (as
defined in the applicable UCC) in the Transaction SUBI Certificate in favor of
the Buyer, which security interest is prior to all other Adverse Claims and is
enforceable as such as against creditors of and purchasers from the Seller.

2. The Transaction SUBI Certificate constitutes a "general intangible,"
"instrument," "certificated security," or "tangible chattel paper," within the
meaning of the applicable UCC.

3. The Seller owns and has good and marketable title to the Transaction SUBI
Certificate free and clear of any Adverse Claim, claim or encumbrance of any
Person, excepting only liens for taxes, assessments or similar governmental
charges or levies incurred in the ordinary course of business that are not yet
due and payable or as to which any applicable grace period shall not have
expired, or that are being contested in good faith by proper proceedings and for
which adequate reserves have been established, but only so long as foreclosure
with respect to such a lien is not imminent and the use and value of the
property to which the Adverse Claim attaches is not impaired during the pendency
of such proceeding.

4. The Seller has received all consents and approvals to the sale of the
Transaction SUBI Certificate hereunder to the Buyer required by the terms of the
Transaction SUBI Certificate to the extent that it constitutes an instrument or
a payment intangible.

5. The Seller has received all consents and approvals required by the terms of
the Transaction SUBI Certificate, to the extent that it constitutes a securities
entitlement, certificated security or uncertificated security, to the transfer
to the Buyer of its interest and rights in the Transaction SUBI Certificate
hereunder.

6. The Seller has caused or will have caused, within ten days after the
effective date of the SUBI Sale Agreement, the filing of all appropriate
financing statements in the proper filing office in the appropriate
jurisdictions under applicable law in order to perfect the sale of the
Transaction SUBI Certificate from the Seller to the Buyer and the security
interest in the Transaction SUBI Certificate granted to the Buyer hereunder.

7. To the extent that the Transaction SUBI Certificate constitutes an instrument
or tangible chattel paper, all original executed copies of each such instrument
or tangible chattel paper have been delivered to the Buyer.

8. Other than the transfer of the Transaction SUBI Certificate from the Seller
to the Buyer under the SUBI Sale Agreement and from the Buyer to the Issuer
under the SUBI Transfer Agreement and the security interest granted to the
Indenture Trustee pursuant to the Indenture, the Seller has not pledged,
assigned, sold, granted a security interest in, or otherwise conveyed

                                      II-1

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the Transaction SUBI Certificate. The Seller has not authorized the filing of,
nor is aware of, any financing statements against the Seller that include a
description of collateral covering the Transaction SUBI Certificate other than
any financing statement relating to any security interest granted pursuant to
the Transaction Documents or that has been terminated.

9. No instrument or tangible chattel paper that constitutes or evidences the
Transaction SUBI Certificate has any marks or notations indicating that it has
been pledged, assigned or otherwise conveyed to any Person other than the
Indenture Trustee.

                                      II-2

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