Document:

<PAGE>   1

                                                                    EXHIBIT 10.2

================================================================================

                           FORM OF PURCHASE AGREEMENT

                                     between

                             WELLS FARGO BANK, N.A.
                                    as Seller

                                       and

                    WELLS FARGO AUTO RECEIVABLES CORPORATION
                                  as Purchaser

                          Dated as of ___________, 2001

================================================================================

<PAGE>   2

                                TABLE OF CONTENTS

<TABLE>
<S>                <C>                                                                                           <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...........................................4
SECTION 3.3.       Repurchase upon Breach.........................................................................7

                                                    ARTICLE IV
                                                COVENANTS OF SELLER
SECTION 4.1.       Protection of Title to Seller Assets...........................................................8
SECTION 4.2.       Liability of Seller; Indemnities..............................................................10

                                                     ARTICLE V
                                             MISCELLANEOUS PROVISIONS
SECTION 5.1.       Obligations of Seller.........................................................................10
SECTION 5.2.       Seller's Assignment of Purchased Receivables..................................................11
SECTION 5.3.       Subsequent Transfer to Issuer and Indenture Trustee...........................................11
SECTION 5.4.       Amendment.....................................................................................11
SECTION 5.5.       Waivers.......................................................................................13
SECTION 5.6.       Notices.......................................................................................13
SECTION 5.7.       Costs and Expenses............................................................................13
SECTION 5.8.       Representations to Seller.....................................................................13
SECTION 5.9.       Governing Law.................................................................................13
SECTION 5.10.      Counterparts..................................................................................13
</TABLE>

                                       i
<PAGE>   3

                               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 ___________, 2001 by and between WELLS FARGO BANK, N.A., a national banking
association (the "Seller"), and WELLS FARGO AUTO RECEIVABLES CORPORATION, a
Delaware corporation (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 ;

         WHEREAS, Purchaser desires to purchase from Seller a portfolio of Motor
Vehicle Loans arising in connection with Motor Vehicle Loans purchased by the
Seller 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 Wells
Fargo Auto Trust 200-__-__, as issuer, the Purchaser, as seller, and Wells Fargo
Bank, N.A., 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,
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.

                                       1

<PAGE>   4

                                   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;

                  (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.

----------

                                       2
<PAGE>   5

         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;
(plus or minus) (iii) [insert appropriate adjustments]. The Receivables Purchase
Price shall be paid by [wire transfer?] 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 a national banking association in good standing under the
laws of the United States of America, with the power and authority to own its
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.

                                       3
<PAGE>   6

         (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 charter 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.

         (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 in accordance with such
Originator's underwriting standards to finance the retail sale by a Dealer of
the related Financed Vehicle; (ii) has been acquired by the Seller from the
Originator in the ordinary course of the Seller's and such Originator's
business; (iii) the Originator of which has underwriting standards that require
physical damage insurance to be maintained on the related Financed Vehicle, (iv)
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, (v) contains
customary and enforceable provisions such that the rights and remedies of the
holder thereof are adequate for

                                       4
<PAGE>   7

realization against the collateral of the benefits of the security, (vi)
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, (vii) provides for interest at the
Contract Rate specified in the Schedule of Receivables, (ix) 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 [36] and not more
than [84]; (iv) each Receivable had an Initial Principal Balance of not less
than [$6,000] and not more than [$50,000]; (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 [or an Actuarial Receivable,
Rule of 78's Receivable or Sum of Periodic Balances Receivable]; (ix) the Dealer
of the Financed Vehicle has no participation in, or other right to receive, any
proceeds of the Receivable; and (x) no Receivable has Payaheads with respect to
payments due more than [__] months after the Cut-Off Date. 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.

         (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. Neither Seller nor Originator 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.

                                       5
<PAGE>   8

         (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. Neither Seller nor Originator has 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 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. Each of Seller and the Originator 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 and the Originator'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.

                                       6
<PAGE>   9

         (p) No Assignment. As of the Closing Date, neither Seller nor the
Originator shall 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 Receivable sold thereunder, and
the rights of Originator and 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.

         (u) No Bankruptcy. As of the Cut-Off Date, Seller has not received any
notice that any Obligor under any Receivable has filed for bankruptcy, and to
the best of Seller's knowledge without any independent investigation, no Obligor
under any Receivable is in bankruptcy or similar proceedings.

         (v) Amounts. The Original Pool Balance was $_______________.

         (w) Aggregate Characteristics. The Receivables had the following
characteristics in the aggregate as of the Cutoff Date: (i) approximately ____%
of the Original Pool Balance was attributable to loans for purchases of new
Financed Vehicles, and approximately ____% of the Original Pool Balance was
attributable to loans for purchases of used Financed Vehicles; (ii)
approximately ____% of the Original Pool Balance was attributable to Receivables
the mailing addresses of the Obligors with respect to which are located in the
State of ________ and ____% of the Original Pool Balance was attributable to
Receivables the mailing addresses of the Obligors with respect to which are
located in the State of _____, ____% in the State of _______, ____% in the State
of ______, and ____% in the State of ______, and no other state accounts for
more than ____% of the Original Pool Balance; (iii) the weighted average
Contract Rate of the Receivables was _____%; (iv) there are _____ Receivables
being conveyed by Seller to Issuer; (v) the average Cutoff Date Principal
Balance of the Receivables was $______; and (vi) the weighted average original
term and weighted average remaining term of the Receivables were _____ months
and _____ months, respectively.

         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

                                       7
<PAGE>   10

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.

                                   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
or jurisdiction of organization 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 Section 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 or change in its jurisdiction or organization, 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.

                                       8
<PAGE>   11

         (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.

         (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

                                       9
<PAGE>   12
         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.

         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. 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.

                                       10
<PAGE>   13

         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 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

                                       11
<PAGE>   14

                           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 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

                                       12
<PAGE>   15

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.

         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, INCLUDING SECTION 5-1401 OF
THE GENERAL OBLIGATIONS LAW BUT OTHERWISE 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.

                                       13
<PAGE>   16

          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.

                                             WELLS FARGO BANK, N.A., as Seller

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

                                             WELLS FARGO AUTO RECEIVABLES
                                             CORPORATION, as Purchaser

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

<PAGE>   17

                                                                       EXHIBIT A

                        Location of Seller and Purchaser

WELLS FARGO BANK, N.A.
420 Montgomery Street
San Francisco, California 94163

WELLS FARGO RECEIVABLES CORPORATION
[100 West Commons Boulevard, Suite 212
New Castle, Delaware 19720]<PAGE>   1
                                                                    EXHIBIT 10.3

================================================================================

                        FORM OF ADMINISTRATION AGREEMENT

                                     between

                         WELLS FARGO AUTO TRUST 200__-__
                                    as Issuer

                                       and

                        ---------------------------------
                              as Indenture Trustee

                           Dated as of ________, 2001

================================================================================
<PAGE>   2

                                TABLE OF CONTENTS

<TABLE>
<S>                                                                                                              <C>
1.       Definitions and Usage....................................................................................1

2.       Duties of the Administrator..............................................................................1

3.       Records..................................................................................................7

4.       Compensation.............................................................................................7

5.       Additional Information To Be Furnished to the Issuer.....................................................7

6.       Independence of the Administrator........................................................................7

7.       No Joint Venture.........................................................................................7

8.       Other Activities of Administrator........................................................................7

9.       Term of Agreement; Resignation and Removal of Administrator..............................................7

10.      Action upon Termination, Resignation or Removal..........................................................8

11.      Notices..................................................................................................9

12.      Amendments...............................................................................................9

13.      Successors and Assigns..................................................................................10

14.      Governing Law...........................................................................................10

15.      Headings................................................................................................10

16.      Counterparts............................................................................................10

17.      Severability............................................................................................10

18.      Not Applicable to Wells Fargo in Other Capacities.......................................................11

19.      Limitation of Liability of Owner Trustee and Indenture Trustee..........................................11

20.      Third-Party Beneficiary.................................................................................11

21.      Nonpetition Covenants...................................................................................11
</TABLE>

                                       i
<PAGE>   3

                        FORM OF ADMINISTRATION AGREEMENT

         This ADMINISTRATION AGREEMENT, dated as of __________ ___, 2001 (as
from time to time amended, supplemented or otherwise modified and in effect,
this "Agreement"), is by and among WELLS FARGO AUTO TRUST 200__-__, a New York
common law trust (the "Issuer"), WELLS FARGO BANK, N.A., a national banking
association, 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 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,

<PAGE>   4

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 Paying Agents, if any, to
                  deliver to the Indenture Trustee the instrument specified in
                  the Indenture regarding funds held in trust (Section 3.3);

         (7)      the direction to the Indenture Trustee to deposit monies with
                  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);

                                       2
<PAGE>   5

         (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);

         (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);

                                       3
<PAGE>   6

         (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);

         (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);

                                       4
<PAGE>   7

         (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 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.

                                       5
<PAGE>   8

         (3)      The Administrator will provide prior to __________ ___, 2001,
                  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 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, Paying 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.

                                       6
<PAGE>   9

         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.

         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:

                                       7
<PAGE>   10

         (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 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

                                       8
<PAGE>   11

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:

                 Wells Fargo Auto Trust 200__-__
                 c/o
                     ------------------------------

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

                 ----------------------------------
                 Attention:
                            -----------------------
                 Telephone:
                            -----------------------
                 Telecopy:
                           ------------------------

         b.      if to the Administrator, to:

                 Wells Fargo Bank, N.A.
                 420 Montgomery Street
                 San Francisco, California 94163
                 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

                                       9
<PAGE>   12

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 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.

                                       10
<PAGE>   13

         18. Not Applicable to Wells Fargo in Other Capacities. Nothing in this
Agreement shall affect any right or obligation Wells Fargo 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, 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.

                                       11
<PAGE>   14

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

                                   Wells Fargo Auto Trust 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:

                                   Wells Fargo Bank, N.A., as Administrator

                                   By:

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

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00019-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00019-of-00352.parquet"}]]