Document:

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                                                                    EXHIBIT 10.2

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                          FORM OF PURCHASE AGREEMENT

                                    between

                                 [Originator]

                                      as

                                    Seller

                                      and

                         AMSOUTH AUTO RECEIVABLES LLC

                                      as

                                   Purchaser

                         Dated as of ___________, 2000

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                               PURCHASE AGREEMENT

     This PURCHASE AGREEMENT (as from time to time amended, supplemented or
otherwise modified and in effect, this "Agreement") is made as of this ___th day
of ___________, 2000 by and between [Originator], a national banking association
(the "Seller"), and AMSOUTH AUTO RECEIVABLES LLC, a Delaware limited liability
company (the "Purchaser").

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

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

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

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

                                   ARTICLE I

                                  DEFINITIONS

     SECTION 1.1.   Definitions.  Capitalized terms are used in this Agreement
as defined in Appendix X to the Sale and Servicing Agreement among the AmSouth
Auto [Trust] [LLC] 200-__, as issuer, the Purchaser, as seller, and AmSouth
Bank, as servicer, except that references in Appendix X to the "Seller" shall be
deemed to be references to Purchaser hereunder and references to a "Seller
Affiliate" shall be deemed to be references to the Seller hereunder.

     SECTION 1.2.   Other Interpretive Provisions.  For purposes of this
Agreement, unless the context otherwise requires: (a) accounting terms not
otherwise defined in this Agreement, and accounting terms partly defined in this
Agreement to the extent not defined, shall have the respective meanings given to
them under generally accepted accounting principles; (b) terms defined in
Article 9 of the UCC and not otherwise defined in this Agreement are used as
defined in that Article; (c) the words "hereof," "herein" and "hereunder" and
words of similar import refer to this Agreement as a whole and not to any
particular provision of this Agreement; (d) references to any Article, Section,

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Schedule or Exhibit are references to Articles, Sections, Schedules and Exhibits
in or to this Agreement and references to any paragraph, subsection, clause or
other subdivision within any Section or definition refer to such paragraph,
subsection, clause or other subdivision of such Section or definition; (e) the
term "including" means "including without limitation"; (f) except as otherwise
expressly provided herein, references to any law or regulation refer to that law
or regulation as amended from time to time and include any successor law or
regulation; (g) references to any Person include that Person's successors and
assigns; and (h) headings are for purposes of reference only and shall not
otherwise affect the meaning or interpretation of any provision hereof.

                                   ARTICLE II

                        PURCHASE AND SALE OF RECEIVABLES

     SECTION 2.1.   Purchase and Sale of Receivables.

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

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

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

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

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

                                                              PURCHASE AGREEMENT

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

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

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

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

     SECTION 2.2.   Receivables Purchase Price.  In consideration for the Seller
Assets, Purchaser shall, on the Closing Date, pay to Seller the Receivables
Purchase Price.  The "Receivables Purchase Price" shall be an amount equal to
100% of the sum of the following amounts:  (i) the aggregate principal balance
of the Seller's Receivables as of the Cutoff Date; (ii) accrued interest on such
Receivables from the last payment date on the Receivables prior to Cutoff Date
and to and including the day immediately preceding the Closing Date; and (iii)
[insert appropriate adjustments].  The Receivables Purchase Price shall be paid
by __________________ same day funds.

                                  ARTICLE III

                         REPRESENTATIONS AND WARRANTIES

     SECTION 3.1.   Representations and Warranties of Seller.

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

          (a)  Organization and Good Standing.  Seller has been duly organized
     and is validly existing as ________________ in good standing under the laws
     of ____________, with the power and authority to own its

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     properties and to conduct its business as such properties are presently
     owned and such business is presently conducted and had at all relevant
     times, and has, power, authority and legal right to acquire, own and sell
     the Seller Assets pursuant to Article II.

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

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

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

          (e)  No Violation.  The execution, delivery and performance by Seller
     of this Agreement and the consummation of the transactions contemplated
     hereby will not conflict with, result in any material breach of any of the
     terms and provisions of, constitute (with or without notice or lapse of
     time) a material default under or result in the creation or imposition of
     any Lien upon any of its material properties pursuant to the terms of, (i)
     the _____________ or bylaws of Seller, (ii) any material indenture,
     contract, lease, mortgage, deed of trust or other instrument or agreement
     to which Seller is a party or by which Seller is bound, or (iii) any law,
     order, rule or regulation applicable to Seller of any federal or state
     regulatory body, any court, administrative agency, or other governmental
     instrumentality having jurisdiction over Seller.

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

          (g)  Chief Executive Office.  The chief executive office of Seller is
     set forth in Exhibit A attached hereto.

     SECTION 3.2.  Representations and Warranties as to Each Receivable.

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

          (a)  Characteristics of Receivables. The Receivable has been fully and
     properly executed by the parties thereto and (i) is a Direct Loan made by
     an Originator or has been originated by a Dealer in the ordinary course of
     such Dealer's business and has been purchased by an Originator, in either
     case, in the ordinary course of such Originator's business and accordance
     with such Originator's underwriting standards to finance the retail sale by
     a Dealer of the related Financed Vehicle or has otherwise been acquired by
     the Seller, (ii) the Originator of which has underwriting standards that
     require physical damage insurance to be maintained on the related Financed
     Vehicle, (iii) is secured by a valid, subsisting, binding and enforceable
     first priority security interest in favor of the Seller in the Financed
     Vehicle (subject to administrative delays and clerical errors on the part
     of the applicable government agency and to any statutory or other lien
     arising by operation of law after the Closing Date which is prior to such
     security interest), which security interest is assignable together with
     such Receivable, and has been so assigned to Purchaser, and subsequently
     assigned by Purchaser to the Issuer, (iv) contains customary and

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     enforceable provisions such that the rights and remedies of the holder
     thereof are adequate for realization against the collateral of the benefits
     of the security, (v) provided, at origination, for level monthly payments
     (provided that the amount of the last payment may be different), which
     fully amortize the Initial Principal Balance over the original term, (vi)
     provides for interest at the Contract Rate specified in the Schedule of
     Receivables, (vii) was originated in the United States and (viii)
     constitutes "chattel paper" as defined in the UCC.

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

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

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

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

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

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

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

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

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

          (k)  Good Title. It is the intention of Seller that the transfer and
     assignment herein contemplated constitute a sale of the Receivables from
     Seller to Purchaser and that the beneficial interest in and title to the
     Receivables not be part of Seller's estate in the event of the filing of a
     bankruptcy petition or insolvency proceeding by or against Seller under any
     bankruptcy or insolvency law. No Receivable has been sold, transferred,
     assigned, or pledged by Seller to any Person other than

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     Purchaser. Immediately prior to the transfer and assignment herein
     contemplated, Seller had good and marketable title to the Receivable free
     and clear of any Lien and had full right and power to transfer and assign
     the Receivable to Purchaser and immediately upon the transfer and
     assignment of the Receivable to Purchaser, Purchaser shall have good and
     marketable title to the Receivable, free and clear of any Lien; and
     Purchaser's interest in the Receivable resulting from the transfer has been
     perfected under the UCC.

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

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

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

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

          (p)  No Assignment. As of the Closing Date, Seller shall not have
     taken any action to convey any right to any Person that would result in
     such Person having a right to payments received under the Insurance
     Policies or Dealer Agreements, or payments due under the Receivable, that
     is senior to, or equal with, that of Purchaser.

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

          (r)  Dealer Agreements. A Dealer Agreement for each Receivable is in
     effect whereby the Dealer warrants title to the Motor Vehicle and
     indemnifies the Seller against the unenforceability of each

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     Receivable sold thereunder, and the rights of Seller thereunder, with
     regard to the Receivable sold hereunder, have been validly assigned to and
     are enforceable against the Dealer by the Purchaser, along with any Dealer
     Recourse.

          (s)  Composition of Receivable. No Receivable has a Principal Balance
     which includes capitalized interest or late charges.

          (t)  Database File. The information included with respect to each
     Receivable in the database file delivered pursuant to [Section 4.9(b)] of
     the Sale and Servicing Agreement is accurate and complete in all material
     respects.

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

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                                  ARTICLE IV

                              COVENANTS OF SELLER

     Seller covenants and agrees with Purchaser as follows:

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

     (b)  Seller shall not change its name, identity or corporate structure in
any manner that would, could or might make any financing statement or
continuation statement filed in accordance with paragraph (a) above seriously
misleading within the meaning of (S) 9-402(7) of the UCC, unless it shall have
given Purchaser, Owner Trustee and Indenture Trustee at least five days' prior
written notice thereof and shall have promptly filed appropriate amendments to
all previously filed financing statements or continuation statements.

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

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

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

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

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

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

         (1) promptly after the execution and delivery of this Agreement and of
     each amendment thereto, an Opinion of Counsel either (A) stating that, in
     the opinion of such counsel, all financing statements and continuation
     statements have been executed and filed that are necessary fully to
     preserve and protect the interest of Purchaser in the Receivables, and
     reciting the details of such filings or referring to prior Opinions of
     Counsel in which such details are given, or (B) stating that, in the
     opinion of such counsel, no such action shall be necessary to preserve and
     protect such interest; and

         (2) within 120 days after the beginning of each calendar year
     beginning with the first calendar year beginning more than three months
     after the Cutoff Date, an Opinion of Counsel, dated as of a date during
     such 120-day period, either (A) stating that, in the opinion of such
     counsel, all financing statements and continuation statements have been
     executed and filed that are necessary fully to preserve and protect the
     interest of Purchaser in the Receivables, and reciting the details of such
     filings or referring to prior Opinions of Counsel in which such details are

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     given, or (B) stating that, in the opinion of such counsel, no such action
     shall be necessary to preserve and protect such interest.

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

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

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

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

          (c) Seller shall be liable as primary obligor for, and shall
     indemnify, defend and hold harmless Purchaser and its officers, directors,
     employees and agents from and against any and all costs, expenses, losses,
     claims, damages and liabilities arising out of, or incurred in connection
     with, the acceptance or performance of the duties set forth herein, except
     to the extent that such cost, expense, loss, claim, damage or liability
     shall be due to the willful misfeasance, bad faith or negligence (except
     for errors in judgment) of Purchaser.

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

                                   ARTICLE V

                            MISCELLANEOUS PROVISIONS

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

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

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

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

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

      SECTION 5.4  Amendment.  (a)  This Agreement may be amended by Seller and
the Purchaser, with the consent of the Servicer, Owner Trustee and

                                       13
<PAGE>

Indenture Trustee (which consent may not be unreasonably withheld), but without
the consent of any of the Noteholders or the Certificateholders:

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

     (ii)  (A) to add, modify or eliminate such provisions as may be necessary
or advisable in order to enable all or a portion of Issuer to qualify as, and to
permit an election to be made to cause all or a portion of Issuer to be treated
as, a "financial asset securitization investment trust" as described in the
provisions of the "Small Business Job Protection Act of 1996," or to enable all
or a portion of the Issuer to qualify and an election to be made for similar
treatment under such comparable subsequent federal income tax provisions as may
ultimately be enacted into law, and (B) in connection with any such election, to
modify or eliminate existing provisions set forth in this Agreement relating to
the intended federal income tax treatment of the Notes or Certificates and
Issuer in the absence of the election; it being a condition to any such
amendment that each Rating Agency shall have notified the Seller, Purchaser, the
Servicer, Indenture Trustee and the Owner Trustee in writing that the amendment
will not result in a reduction or withdrawal of the rating of any outstanding
Notes or Certificates with respect to which it is a Rating Agency; and

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

     (b)   This Agreement may also be amended from time to time by Seller and
Purchaser, with the consent of the Servicer, Owner Trustee and Indenture
Trustee, the consent of the Holders of Notes evidencing not less than a majority
of the Outstanding Amount of the Notes and the consent of the Holders of
Certificates evidencing not less than a majority of the Certificate Balance for
the purpose of adding any provisions to or changing in any manner or eliminating
any

                                       14
<PAGE>

of the provisions of this Agreement; provided that no such amendment shall (i)
increase or reduce in any manner the amount of, or accelerate or delay the
timing of, collections of payments on Receivables or distributions that shall be
required to be made for the benefit of the Noteholders or the Certificateholders
or (ii) reduce the aforesaid percentage of the Outstanding Amount of the Notes
and the Certificate Balance, the Holders of which are required to consent to any
such amendment, without the consent of the Holders of all the outstanding Notes
and the Holders of all the outstanding Certificates of each class affected
thereby.

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

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

     (e) Prior to the execution of any amendment to this Agreement, Purchaser,
Owner Trustee and Indenture Trustee shall be entitled to receive and rely upon
an Opinion of Counsel stating that the execution of such amendment is authorized
or permitted by this Agreement and that all conditions precedent to the
execution and delivery of such amendment have been satisfied and the Opinion of
Counsel referred to in Section 4.1(h)(i) has been delivered.  Purchaser, Owner
Trustee and Indenture Trustee may, but shall not be obligated to, enter into any
such amendment which affects Purchaser's, Owner Trustee's or Indenture
Trustee's, as applicable, own rights, duties or immunities under this Agreement
or otherwise.

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

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

                                       15
<PAGE>

      SECTION 5.7  Costs and Expenses.  Seller will pay all expenses incident to
the performance of its obligations under this Agreement and Purchaser agrees to
pay expenses incident to the performance of its obligations under this Agreement
and all expenses in connection with the perfection as against third parties of
Purchaser's right, title and interest in and to the Receivables.

      SECTION 5.8  Representations to Seller.  The respective agreements,
representations, warranties and other statements by Seller and Purchaser set
forth in or made pursuant to this Agreement shall remain in full force and
effect and will survive the Closing Date.

      SECTION 5.9  Governing Law.  THIS AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS
CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

      SECTION 5.10 Counterparts.  This Agreement may be executed in two or more
counterparts and by different parties on separate counterparts, each of which
shall be an original, but all of which together shall constitute one and the
same instrument.

                            [SIGNATURE PAGES FOLLOW]

                                       16
<PAGE>

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

                         [Originator]

                         By: _________________________________
                         Name:
                         Title:

                         AMSOUTH AUTO RECEIVABLES LLC

                         By:__________________________________
                         Name:
                         Title:

<PAGE>

                                                                       Exhibit A

                        Location of Seller and Purchaser

[Originator]
Address for Notice:
[_________________]

AMSOUTH AUTO RECEIVABLES LLC

Address for Notice:

1900 Fifth Avenue North
AmSouth Sonat Tower
Birmingham, Alabama 35203

<PAGE>

                               TABLE OF CONTENTS

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

SECTION 1.1.  Definitions...............................................   1
SECTION 1.2.  Other Interpretive Provisions.............................   1

                                  ARTICLE II
                       PURCHASE AND SALE OF RECEIVABLES

SECTION 2.1.  Purchase and Sale of Receivables..........................   2
SECTION 2.2.  Receivables Purchase Price................................   3

                                  ARTICLE III
                        REPRESENTATIONS AND WARRANTIES

SECTION 3.1.  Representations and Warranties of Seller..................   3
SECTION 3.2.  Representations and Warranties as to Each Receivable......   5
SECTION 3.3.  Repurchase upon Breach....................................   9

                                  ARTICLE IV
                              COVENANTS OF SELLER

SECTION 4.1.  Protection of Title to Seller Assets......................  10
SECTION 4.2.  Liability of Seller; Indemnities..........................  12

                                   ARTICLE V
                           MISCELLANEOUS PROVISIONS

SECTION 5.1.  Obligations of Seller.....................................  13
SECTION 5.2.  Seller's Assignment of Purchased Receivables..............  13
SECTION 5.3.  Subsequent Transfer to Issuer and Indenture Trustee.......  13
SECTION 5.4.  Amendment.................................................  13
SECTION 5.5.  Waivers...................................................  15
SECTION 5.6.  Notices...................................................  15
SECTION 5.7.  Costs and Expenses........................................  16
SECTION 5.8.  Representations to Seller.................................  16
SECTION 5.9.  Governing Law.............................................  16
SECTION 5.10. Counterparts..............................................  16
</TABLE>

                                       19<PAGE>

                                                                    Exhibit 10.3

                        FORM OF ADMINISTRATION AGREEMENT

     This ADMINISTRATION AGREEMENT, dated as of __________ ___, 2000 (as from
time to time amended, supplemented or otherwise modified and in effect, this
"Agreement"), is by and among AMSOUTH AUTO [Trust] [LLC] 200__-__, a _________
[common law trust] [limited liability company] (the "Issuer"), AMSOUTH BANK, a
banking corporation organized under the laws of the State of Alabama, as
administrator (the "Administrator"), and ____________, a ___________ banking
corporation, not in its individual capacity but solely as Indenture Trustee (the
"Indenture Trustee").

     WHEREAS, the Issuer is issuing the Notes pursuant to the Indenture and the
Certificates pursuant to the Trust Agreement and has entered into certain
agreements in connection therewith, including (i) the Sale and Servicing
Agreement, (ii) the Depository Agreements, and (iii) the Indenture (the Sale and
Servicing Agreement, the Depository Agreements and the Indenture being referred
to hereinafter collectively as the "Related Agreements");

     WHEREAS, the Issuer and the Owner Trustee desire to have the Administrator
perform certain duties of the Issuer and the Owner Trustee under the Related
Agreements and to provide such additional services consistent with the terms of
this Agreement and the Related Agreements as the Issuer and the Owner Trustee
may from time to time request; and

     WHEREAS, the Administrator has the capacity to provide the services
required hereby and is willing to perform such services for the Issuer and the
Owner Trustee on the terms set forth herein;

     NOW, THEREFORE, in consideration of the mutual covenants contained herein,
and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the parties hereto, intending to be legally bound, agree
as follows:

1.   Definitions and Usage.  Except as otherwise specified herein or as the
context may otherwise require, capitalized terms used but not otherwise defined
herein are defined in Appendix X to the Sale and Servicing Agreement, which also
contains rules as to usage that shall be applicable herein.

2.   Duties of the Administrator.   Duties with Respect to the Indenture and
the Depository
<PAGE>

Agreements.

     a.   The Administrator agrees to perform all its duties as Administrator
          and the duties of the Issuer under the Depository Agreements.  In
          addition, the Administrator shall consult with the Owner Trustee
          regarding the duties of the Issuer under the Indenture and the
          Depository Agreements.

     b.   The Administrator shall monitor the performance of the Issuer and
          shall advise the Owner Trustee when action is necessary to comply with
          the Issuer's duties under the Indenture and the Depository Agreements.

     c.   The Administrator shall prepare for execution by the Issuer, or shall
          cause the preparation by appropriate persons of, all such documents,
          reports, filings, instruments, certificates and opinions that it shall
          be the duty of the Issuer to prepare, file or deliver pursuant to the
          Indenture and the Depository Agreements.

     d.   In furtherance of the foregoing, the Administrator shall take all
          appropriate action that is the duty of the Issuer to take pursuant to
          the Indenture including, without limitation, such of the foregoing as
          are required with respect to the following matters under the Indenture
          (references are to sections of the Indenture):

          (1) the duty to cause the Note Register to be kept and to give the
              Indenture Trustee notice of any appointment of a new Note
              Registrar and the location, or change in location, of the Note
              Register (Section 2.4);

          (2) the preparation of or obtaining of the documents and instruments
              required for authentication of the Notes and delivery of the same
              to the Indenture Trustee (Section 2.2);

          (3) the preparation, obtaining or filing of the instruments, opinions
              and certificates and other documents required for the release of
              property from the lien of the Indenture (Section 2.9);

          (4) the preparation of Definitive Notes in accordance with the
              instructions of the Clearing Agency (Section 2.12);

          (5) the maintenance of an office in the Borough of Manhattan, City of
              New York, for registration of transfer or exchange of Notes
              (Section 3.2);

          (6) the duty to cause newly appointed Note Paying Agents, if any, to
              deliver to the Indenture Trustee the instrument specified in the

                                       2
<PAGE>

              Indenture regarding funds held in trust (Section 3.3);

         (7)  the direction to the Indenture Trustee to deposit monies with Note
              Paying Agents, if any, other than the Indenture Trustee (Section
              3.3);

         (8)  the obtaining and preservation of the Issuer's qualification to do
              business in each jurisdiction in which such qualification is or
              shall be necessary to protect the validity and enforceability of
              the Indenture, the Notes, the Collateral and each other instrument
              or agreement included in the Trust Estate (Section 3.4);

         (9)  the preparation of all supplements and amendments to the Indenture
              and all financing statements, continuation statements, instruments
              of further assurance and other instruments and the taking of such
              other action as is necessary or advisable to protect the Trust
              Estate (Section 3.5);

         (10) the delivery of the Opinion of Counsel on the Closing Date and the
              annual delivery of Opinions of Counsel as to the Trust Estate, and
              the annual delivery of the Officer's Certificate and certain other
              statements as to compliance with the Indenture (Sections 3.6 and
              3.9);

         (11) the identification to the Indenture Trustee in an Officer's
              Certificate of any Person with whom the Issuer has contracted to
              perform its duties under the Indenture (Section 3.7(b));

         (12) the notification of the Indenture Trustee and the Rating Agencies
              of an Event of Servicing Termination under the Sale and Servicing
              Agreement and, if such Event of Servicing Termination arises from
              the failure of the Servicer to perform any of its duties under the
              Sale and Servicing Agreement with respect to the Receivables, the
              taking of all reasonable steps available to remedy such failure
              (Section 3.7(d));

         (13) the preparation and obtaining of documents and instruments
              required for the transfer by the Issuer of its properties or
              assets (Section 3.10(b));

         (14) the duty to cause the Servicer to comply with Sections 4.9, 4.10,
              4.11, 4.12 and 5.5 of the Sale and Servicing Agreement (Section
              3.14);

         (15) the delivery of written notice to the Indenture Trustee and the
              Rating Agencies of each Event of Default under the Indenture and
              each default by the Servicer or the Seller under the Sale and
              Servicing Agreement (Section 3.18);

                                       3
<PAGE>

         (16) the monitoring of the Issuer's obligations as to the satisfaction
              and discharge of the Indenture and the preparation of an Officer's
              Certificate and the obtaining of the Opinions of Counsel and the
              Independent Certificate relating thereto (Section 4.1);

         (17) the monitoring of the Issuer's obligations as to the satisfaction,
              discharge and defeasance of the Notes and the preparation of an
              Officer's Certificate and the obtaining of an opinion of a
              nationally recognized firm of independent certified public
              accountants, a written confirmation thereof and the Opinions of
              Counsel relating thereto (Section 4.1);

         (18) the preparation and delivery of an Officer's Certificate to the
              Indenture Trustee after the occurrence of any event which with the
              giving of notice and the lapse of time would become an Event of
              Default under Section 5.1(c) of the Indenture, its status and what
              action the Issuer is taking or proposes to take with respect
              thereto (Section 5.1);

         (19) the compliance with any written directive of the Indenture Trustee
              with respect to the sale of the Trust Estate at one or more public
              or private sales called and conducted in any manner permitted by
              law if an Event of Default shall have occurred and be continuing
              (Section 5.4);

         (20) the preparation and delivery of notice to Noteholders of the
              removal of the Indenture Trustee and the appointment of a
              successor Indenture Trustee (Section 6.8);

         (21) the preparation of any written instruments required to confirm
              more fully the authority of any co-trustee or separate trustee and
              any written instruments necessary in connection with the
              resignation or removal of any co-trustee or separate trustee
              (Sections 6.8 and 6.10);

         (22) the furnishing of the Indenture Trustee with the names and
              addresses of Noteholders during any period when the Indenture
              Trustee is not the Note Registrar (Section 7.1);

         (23) the preparation and, after execution by the Issuer, the filing
              with the Commission, any applicable state agencies and the
              Indenture Trustee of documents required to be filed on a periodic
              basis with, and summaries thereof as may be required by rules and
              regulations prescribed by, the Commission and any applicable state
              agencies and the transmission of such summaries, as necessary, to
              the Noteholders (Section 7.3);

                                       4
<PAGE>

         (24) the preparation and delivery of Issuer Orders, Officer's
              Certificates and Opinions of Counsel and all other actions
              necessary with respect to investment and reinvestment, to the
              extent permitted, of funds in such accounts (Sections 8.2 and
              8.3);

         (25) the preparation of an Issuer Request and Officer's Certificate and
              the obtaining of an Opinion of Counsel and Independent
              Certificates, if necessary, for the release of the Trust Estate
              (Sections 8.4 and 8.5);

         (26) the preparation of Issuer Orders and the obtaining of Opinions of
              Counsel with respect to the execution of supplemental indentures
              and the mailing to the Noteholders of notices with respect to such
              supplemental indentures (Sections 9.1, 9.2 and 9.3);

         (27) the execution and delivery of new Notes conforming to any
              supplemental indenture (Section 9.6);

         (28) the notification of Noteholders of redemption of the Notes or duty
              to cause the Indenture Trustee to provide such notification
              (Section 10.2);

         (29) the preparation and delivery of all Officer's Certificates and the
              obtaining of Opinions of Counsel and Independent Certificates with
              respect to any requests by the Issuer to the Indenture Trustee to
              take any action under the Indenture (Section 11.1(a));

         (30) the preparation and delivery of Officer's Certificates and the
              obtaining of Independent Certificates, if necessary, for the
              release of property from the lien of the Indenture (Section
              11.1(b));

         (31) the notification of the Rating Agencies, upon the failure of the
              Indenture Trustee to give such notification, of the information
              required pursuant to Section 11.4 of the Indenture (Section 11.4);

         (32) the preparation and delivery to Noteholders and the Indenture
              Trustee of any agreements with respect to alternate payment and
              notice provisions (Section 11.6); and

         (33) the recording of the Indenture, if applicable (Section 11.15).

     e.  Payment of Fees by the Administrator:

         (1)  [the Administrator will pay the Indenture Trustee from time to
              time reasonable compensation for all services rendered by the
              Indenture

                                       5
<PAGE>

              Trustee under the Indenture (which compensation shall not be
              limited by any provision of law in regard to the compensation of a
              trustee of an express trust);] and

          (2) [except as otherwise expressly provided in the Indenture,
              reimburse the Indenture Trustee upon its request for all
              reasonable expenses, disbursements and advances incurred or made
              by the Indenture Trustee in accordance with any provision of the
              Indenture (including the reasonable compensation, expenses and
              disbursements of its agents and counsel), except any such expense,
              disbursement or advance as may be attributable to its negligence
              or bad faith.]

     f.   Additional Duties.  In addition to the duties of the Administrator set
          forth above, the Administrator shall perform such calculations and
          shall prepare or shall cause the preparation by other appropriate
          persons of, and shall execute on behalf of the Issuer or the Owner
          Trustee, all such documents, reports, filings, instruments,
          certificates and opinions that it shall be the duty of the Issuer or
          the Owner Trustee to prepare, file or deliver pursuant to the Related
          Agreements, and at the request of the Owner Trustee shall take all
          appropriate action that it is the duty of the Issuer or the Owner
          Trustee to take pursuant to the Related Agreements. Subject to Section
          5 of this Agreement, and in accordance with the directions of the
          Owner Trustee, the Administrator shall administer, perform or
          supervise the performance of such other activities in connection with
          the Collateral (including the Related Agreements) as are not covered
          by any of the foregoing provisions and as are expressly requested by
          the Owner Trustee and are reasonably within the capability of the
          Administrator:

          (1) Notwithstanding anything in this Agreement or the Related
              Agreements to the contrary, the Administrator shall be responsible
              for promptly notifying the Owner Trustee in the event that any
              withholding tax is imposed on the Issuer's payments (or
              allocations of income) to a Certificateholder as contemplated in
              Section 5.2(c) of the Trust Agreement.  Any such notice shall
              specify the amount of any withholding tax required to be withheld
              by the Owner Trustee pursuant to such provision.

          (2) Notwithstanding anything in this Agreement or the Related
              Agreements to the contrary, the Administrator shall be responsible
              for performance of the duties of the Trust or the Owner Trustee
              set forth in Section 5.5(a), (b), (c), (d) and (e) and Section
              5.6(a) of the Trust Agreement with respect to, among other things,
              accounting and reports to Certificateholders.

                                       6
<PAGE>

     (3)  The Administrator will provide prior to __________ ___, 2000, a
          certificate of an Authorized Officer in form and substance
          satisfactory promptly notify the Owner Trustee as to whether any tax
          withholding is then required and, if required, the procedures to be
          followed with respect thereto to comply with the requirements of the
          Code.  The Administrator shall be required to update the letter in
          each instance that any additional tax withholding is subsequently
          required or any previously required tax withholding shall no longer be
          required.

     (4)  The Administrator shall perform the duties of the Administrator
          specified in Section 10.2 of the Trust Agreement required to be
          performed in connection with the resignation or removal of the Owner
          Trustee, and any other duties expressly required to be performed by
          the Administrator pursuant to the Trust Agreement.

     (5)  In carrying out the foregoing duties or any of its other obligations
          under this Agreement, the Administrator may enter into transactions or
          otherwise deal with any of its Affiliates; provided, however, that the
          terms of any such transactions or dealings shall be in accordance with
          any directions received from the Issuer and shall be, in the
          Administrator's opinion, no less favorable to the Issuer than would be
          available from unaffiliated parties.

g.   Non-Ministerial Matters. With respect to matters that in the reasonable
     judgment of the Administrator are non-ministerial, the Administrator shall
     not take any action unless within a reasonable time before the taking of
     such action, the Administrator shall have notified the Owner Trustee of the
     proposed action and the Owner Trustee shall not have withheld consent or
     provided an alternative direction. For the purpose of the preceding
     sentence, "non- ministerial matters" shall include, without limitation:

     (1)  the amendment of or any supplement to the Indenture;

     (2)  the initiation of any claim or lawsuit by the Issuer and the
          compromise of any action, claim or lawsuit brought by or against the
          Issuer (other than in connection with the collection of the
          Receivables or Permitted Investments);

     (3)  the amendment, change or modification of the Related Agreements;

     (4)  the appointment of successor Note Registrars, successor Note Paying
          Agents and successor Indenture Trustees pursuant to the Indenture or
          the appointment of successor Administrators or Successor Servicers, or
          the consent to the assignment by the Note Registrar, Note Paying

                                       7
<PAGE>

         Agent or Indenture Trustee of its obligations under the Indenture; and

     (5) the removal of the Indenture Trustee.

h.   Notwithstanding anything to the contrary in this Agreement, the
     Administrator shall not be obligated to, and shall not, (x) make any
     payments to the Noteholders under the Related Agreements, (y) sell the
     Trust Estate pursuant to Section 5.4 of the Indenture or (z) take any other
     action that the Issuer directs the Administrator not to take on its behalf.

3.   Records.  The Administrator shall maintain appropriate books of account and
records relating to services performed hereunder, which books of account and
records shall be accessible for inspection by the Issuer and the Seller at any
time during normal business hours.

4.   Compensation.  As compensation for the performance of the Administrator's
obligations under this Agreement and, as reimbursement for its expenses related
thereto, the Administrator shall be entitled to $_____ annually which shall be
solely an obligation of the Seller.

5.   Additional Information To Be Furnished to the Issuer.  The Administrator
shall furnish to the Issuer from time to time such additional information
regarding the Collateral as the Issuer shall reasonably request.

6.   Independence of the Administrator.  For all purposes of this Agreement, the
Administrator shall be an independent contractor and shall not be subject to the
supervision of the Issuer or the Owner Trustee with respect to the manner in
which it accomplishes the performance of its obligations hereunder.  Unless
expressly authorized by the Issuer, the Administrator shall have no authority to
act for or represent the Issuer or the Owner Trustee in any way and shall not
otherwise be deemed an agent of the Issuer or the Owner Trustee.

7.   No Joint Venture.  Nothing contained in this Agreement  shall constitute
the Administrator and either of the Issuer or the Owner Trustee as members of
any partnership, joint venture, association, syndicate, unincorporated business
or other separate entity,  shall be construed to impose any liability as such on
any of them or  shall be deemed to confer on any of them any express, implied or
apparent authority to incur any obligation or liability on behalf of the others.

8.   Other Activities of Administrator.  Nothing herein shall prevent the
Administrator or its Affiliates from engaging in other businesses or, in its
sole discretion, from acting in a similar capacity as an administrator for any
other person or entity even though such person or entity may engage in business
activities similar to those of the Issuer, the Owner Trustee or the Indenture
Trustee.

                                       8
<PAGE>

9.   Term of Agreement; Resignation and Removal of Administrator.    This
Agreement shall continue in force until the dissolution of the Issuer, upon
which event this Agreement shall automatically terminate.

     a.   Subject to Sections 9(e) and 9(f), the Administrator may resign its
          duties hereunder by providing the Issuer with at least sixty (60)
          days' prior written notice.

     b.   Subject to Sections 9(e) and 9(f), the Issuer may remove the
          Administrator without cause by providing the Administrator with at
          least sixty (60) days' prior written notice.

     c.   Subject to Sections 9(e) and 9(f), at the sole option of the Issuer,
          the Administrator may be removed immediately upon written notice of
          termination from the Issuer to the Administrator if any of the
          following events shall occur:

          (1)  the Administrator shall default in the performance of any of its
               duties under this Agreement and, after notice of such default,
               shall not cure such default within ten (10) days (or, if such
               default cannot be cured in such time, shall not give within ten
               (10) days such assurance of cure as shall be reasonably
               satisfactory to the Issuer);

          (2)  a court having jurisdiction in the premises shall enter a decree
               or order for relief, and such decree or order shall not have been
               vacated within sixty (60) days, in respect of the Administrator
               in any involuntary case under any applicable bankruptcy,
               insolvency or other similar law now or hereafter in effect or
               appoint a receiver, liquidator, assignee, custodian, trustee,
               sequestrator or similar official for the Administrator or any
               substantial part of its property or order the winding-up or
               liquidation of its affairs; or

          (3)  the Administrator shall commence a voluntary case under any
               applicable bankruptcy, insolvency or other similar law now or
               hereafter in effect, shall consent to the entry of an order for
               relief in an involuntary case under any such law, shall consent
               to the appointment of a receiver, liquidator, assignee, trustee,
               custodian, sequestrator or similar official for the Administrator
               or any substantial part of its property, shall consent to the
               taking of possession by any such official of any substantial part
               of its property, shall make any general assignment for the
               benefit of creditors or shall fail generally to pay its debts as
               they become due.

     The Administrator agrees that if any of the events specified in clauses (2)
     or (3) of

                                       9
<PAGE>

     this Section 9(c) shall occur, it shall give written notice thereof to the
     Issuer and the Trustee within seven (7) days after the happening of such
     event.

     d.   No resignation or removal of the Administrator pursuant to this
          Section 9 shall be effective until (1) a successor Administrator shall
          have been appointed by the Issuer and (2) such successor Administrator
          shall have agreed in writing to be bound by the terms of this
          Agreement in the same manner as the Administrator is bound hereunder.

     e.   The appointment of any successor Administrator shall be effective only
          after satisfaction of the Rating Agency Condition with respect to the
          proposed appointment.

     f.   Subject to Sections 9(e) and 9(f), the Administrator acknowledges that
          upon the appointment of a successor Servicer pursuant to the Sale and
          Servicing Agreement, the Administrator shall immediately resign and
          such successor Servicer shall automatically become the Administrator
          under this Agreement.

10.  Action upon Termination, Resignation or Removal.  Promptly upon the
effective date of termination of this Agreement pursuant to Section 9(a) or the
resignation or removal of the Administrator pursuant to Section 9(b) or (c),
respectively, the Administrator shall be entitled to be paid all fees and
reimbursable expenses accruing to it to the date of such termination,
resignation or removal.  The Administrator shall forthwith upon such termination
pursuant to Section 9(a) deliver to the Issuer all property and documents of or
relating to the Collateral then in the custody of the Administrator.  In the
event of the resignation or removal of the Administrator pursuant to Section
9(b) or (c), respectively, the Administrator shall cooperate with the Issuer and
take all reasonable steps requested to assist the Issuer in making an orderly
transfer of the duties of the Administrator.

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

     a.   if to the Issuer or the Owner Trustee, to:

               AmSouth Auto [Trust][LLC] 200__-__
               c/o ______________________________
               __________________________________
               __________________________________
               Attention:  ______________________
               Telephone:  ______________________
               Telecopy:  _______________________

                                       10
<PAGE>

     b.   if to the Administrator, to:

               AmSouth Bank
               1900 5th Avenue North AmSouth/SONAT Tower
               Birmingham, Alabama 35288
               Attention:  ______________________
               Telephone:  ______________________
               Telecopy:  _______________________

     c.   If to the Indenture Trustee, to:

               __________________________________
               __________________________________
               Attention:  ______________________
               Telephone:  ______________________
               Telecopy:  _______________________

or to such other address as any party shall have provided to the other parties
in writing.  Any notice required to be in writing hereunder shall be deemed
given if such notice is mailed by certified mail, postage prepaid, or hand-
delivered to the address of such party as provided above.

12.  Amendments.  This Agreement may be amended from time to time by a written
amendment duly executed and delivered by the Issuer, the Administrator and the
Indenture Trustee, with the written consent of the Owner Trustee, without the
consent of the Noteholders and the Certificateholders, for the purpose of adding
any provisions to or changing in any manner or eliminating any of the provisions
of this Agreement or of modifying in any manner the rights of the Noteholders or
Certificateholders; provided that, unless the Rating Agency Condition shall have
been satisfied, such amendment will not, as set forth in an Opinion of Counsel
satisfactory to the Indenture Trustee and the Owner Trustee, materially and
adversely affect the interest of any Noteholder or Certificateholder.  This
Agreement may also be amended by the Issuer, the Administrator and the Indenture
Trustee with the written consent of the Owner Trustee and the Noteholders of
Notes evidencing not less than a majority of the Notes Outstanding and the
Certificateholders of Certificates evidencing not less than a majority of the
Certificate Balance for the purpose of adding any provisions to or changing in
any manner or eliminating any of the provisions of this Agreement or of
modifying in any manner the rights of Noteholders or the Certificateholders;
provided, however, that no such amendment may  increase or reduce in any manner
the amount of, or accelerate or delay the timing of, collections of payments on
Receivables or distributions that are required to be made for the benefit of the
Noteholders or Certificateholders or  reduce the aforesaid percentage of the
Noteholders and Certificateholders which are required to consent to any such
amendment, without the consent of the Noteholders of all the Notes Outstanding
and Certificateholders of

                                       11
<PAGE>

Certificates evidencing all the Certificate Balance. Notwithstanding the
foregoing, the Administrator may not amend this Agreement without the consent of
the Seller, which permission shall not be unreasonably withheld.

13.  Successors and Assigns.  This Agreement may not be assigned by the
Administrator unless such assignment is previously consented to in writing by
the Issuer and the Owner Trustee and subject to the satisfaction of the Rating
Agency Condition in respect thereof.  An assignment with such consent and
satisfaction, if accepted by the assignee, shall bind the assignee hereunder in
the same manner as the Administrator is bound hereunder.  Notwithstanding the
foregoing, this Agreement may be assigned by the Administrator without the
consent of the Issuer or the Owner Trustee to a corporation or other
organization that is a successor (by merger, consolidation or purchase of
assets) to the Administrator; provided that such successor organization executes
and delivers to the Issuer, the Owner Trustee and the Indenture Trustee an
agreement in which such corporation or other organization agrees to be bound
hereunder by the terms of said assignment in the same manner as the
Administrator is bound hereunder.  Subject to the foregoing, this Agreement
shall bind any successors or assigns of the parties hereto.

14.  Governing Law.  This agreement shall be construed in accordance with the
laws of the State of New York, and the obligations, rights and remedies of the
parties hereunder shall be determined in accordance with such laws.

15.  Headings.  The Section headings hereof have been inserted for convenience
of reference only and shall not be construed to affect the meaning, construction
or effect of this Agreement.

16.  Counterparts.  This Agreement may be executed in counterparts, each of
which when so executed shall be an original, but all of which together shall
constitute but one and the same agreement.

17.  Severability.  Any provision of this Agreement that is prohibited or
unenforceable in any jurisdiction shall be ineffective to the extent of such
prohibition or unenforceability without invalidating the remaining provisions
hereof and any such prohibition or unenforceability in any jurisdiction shall
not invalidate or render unenforceable such provision in any other jurisdiction.

18.  Not Applicable to AmSouth in Other Capacities.  Nothing in this Agreement
shall affect any right or obligation AmSouth may have in any other capacity.

19.  Limitation of Liability of Owner Trustee and Indenture Trustee.    (a)
Notwithstanding anything contained herein to the contrary, this instrument has
been countersigned by [Name of Owner Trustee] not in its individual capacity but
solely in the capacity as Owner Trustee of the Issuer and in no event shall
[Name of Owner Trustee] in its individual capacity or any beneficial owner of
the Issuer have any liability for the representations, warranties,

                                       12
<PAGE>

covenants, agreements or other obligations of the Issuer hereunder, as to all of
which recourse shall be had solely to the assets of the Issuer. For all purposes
of this Agreement, in the performance of any duties or obligations of the Issuer
hereunder, the Owner Trustee shall be subject to, and entitled to the benefits
of, the terms and provisions of Articles VI, VII and VIII of the Trust
Agreement.

     (b) Notwithstanding anything contained herein to the contrary, this
Agreement has been countersigned by [Name of Indenture Trustee] not in its
individual capacity but solely as [Name of Indenture Trustee] and in no event
shall Indenture Trustee have any liability for the representations, warranties,
covenants, agreements or other obligations of the Issuer hereunder or in any of
the certificates, notices or agreements delivered pursuant hereto, as to all of
which recourse shall be had solely to the assets of the Issuer.

20.  Third-Party Beneficiary.  The Owner Trustee is a third-party beneficiary to
this Agreement and is entitled to the rights and benefits hereunder and may
enforce the provisions hereof as if it were a party hereto.

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

     (b) Notwithstanding any prior termination of this Agreement, the Issuer,
the Administrator, the Owner Trustee and the Indenture Trustee shall not, prior
to the date which is one year and one day after the termination of this
Agreement with respect to the Seller, acquiesce, petition or otherwise invoke or
cause the Seller to invoke the process of any court or government authority for
the purpose of commencing or sustaining a case against the Seller under any
federal or state bankruptcy, insolvency or similar law or appointing a receiver,
liquidator, assignee, trustee, custodian, sequestrator or other similar official
of the Seller or any substantial part of their respective property, or ordering
the winding up or liquidation of the affairs of the Seller.

                                       13
<PAGE>

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

                         AmSouth Auto [Trust] [LLC] 200__-__

                         By: _____________, not in its individual capacity but
                             solely as Owner Trustee

                         By: _________________________________________________
                              Name:
                              Title:

                         _________________, not in its individual capacity but
                         solely as Indenture Trustee

                         By: _________________________________________________
                              Name:
                              Title:

                         AmSouth Bank, as Administrator

                         By: _________________________________________________
                              Name:
                              Title:

                                       14

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