Document:

Exhibit 4.2

                                                                  EXECUTION COPY

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

                             AMENDED AND RESTATED

                                TRUST AGREEMENT

                                     among

                DAIMLERCHRYSLER FINANCIAL SERVICES AMERICAS LLC,
                                 as Depositor,

                    DAIMLERCHRYSLER RETAIL RECEIVABLES LLC

                                      and

                     CHASE BANK USA, NATIONAL ASSOCIATION,
                               as Owner Trustee

                          Dated as of October 1, 2006

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

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                               Table of Contents
                                                                          Page
                                                                          ----

                                   ARTICLE I

                                  Definitions

      SECTION 1.01.  Capitalized Terms.......................................1
      SECTION 1.02.  Other Definitional Provisions...........................4

                                  ARTICLE II

                                 Organization

      SECTION 2.01.  Name....................................................4
      SECTION 2.02.  Office..................................................4
      SECTION 2.03.  Purposes and Powers.....................................4
      SECTION 2.04.  Appointment of Owner Trustee............................5
      SECTION 2.05.  Initial Capital Contribution of Owner Trust Estate......5
      SECTION 2.06.  Declaration of Trust....................................5
      SECTION 2.07.  Liability of Owners.....................................6
      SECTION 2.08.  Title to Trust Property.................................6
      SECTION 2.09.  Situs of Trust..........................................6
      SECTION 2.10.  Representations  and  Warranties  of Depositor  and
                     Company.................................................6

                                  ARTICLE III

                    Certificates and Transfer of Interests

      SECTION 3.01.  Initial Ownership.......................................8
      SECTION 3.02.  The Certificates........................................8
      SECTION 3.03.  Authentication of Certificates..........................8
      SECTION 3.04.  Registration of Transfer and Exchange of
                     Certificates; Limitations on Transfer...................9
      SECTION 3.05.  Mutilated, Destroyed, Lost or Stolen Certificates......10
      SECTION 3.06.  Persons Deemed Owners..................................10
      SECTION 3.07.  Access to List of Certificateholders' Names and
                     Addresses..............................................10
      SECTION 3.08.  Maintenance of Office or Agency........................11
      SECTION 3.09.  Appointment of Paying Agent............................11
      SECTION 3.10.  Definitive Certificates................................11

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                                  ARTICLE IV

                           Actions by Owner Trustee

      SECTION 4.01.  Prior Notice to Owners with Respect to Certain
                     Matters................................................12
      SECTION 4.02.  Action by Owners with Respect to Certain Matters.......12
      SECTION 4.03.  Action by Owners with Respect to Bankruptcy............12
      SECTION 4.04.  Restrictions on Owners' Power..........................12
      SECTION 4.05.  Majority Control.......................................13

                                   ARTICLE V

                  Application of Trust Funds; Certain Duties

      SECTION 5.01.  Establishment of Deposit Account.......................13
      SECTION 5.02.  Application of Trust Funds.............................13
      SECTION 5.03.  Method of Payment......................................14
      SECTION 5.04.  Accounting and Reports to Owners, Internal Revenue
                     Service and Others.....................................14

                                  ARTICLE VI

                     Authority and Duties of Owner Trustee

      SECTION 6.01.  General Authority......................................14
      SECTION 6.02.  General Duties.........................................15
      SECTION 6.03.  Action upon Instruction................................15
      SECTION 6.04.  No Duties Except as Specified in this Agreement or
                     in Instructions........................................16
      SECTION 6.05.  No Action Except Under Specified Documents or
                     Instructions...........................................16
      SECTION 6.06.  Restrictions...........................................16

                                  ARTICLE VII

                           Concerning Owner Trustee

      SECTION 7.01.  Acceptance of Trusts and Duties........................16
      SECTION 7.02.  Furnishing of Documents................................18
      SECTION 7.03.  Representations and Warranties.........................18
      SECTION 7.04.  Reliance; Advice of Counsel............................28
      SECTION 7.05.  Not Acting in Individual Capacity......................19
      SECTION 7.06.  Owner  Trustee  Not  Liable  for   Certificates  or
                     Receivables............................................19
      SECTION 7.07.  Owner Trustee May Own Certificates and Notes...........19
      SECTION 7.08.  Sales Finance Licenses.................................19

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                                 ARTICLE VIII

                         Compensation of Owner Trustee

      SECTION 8.01.  Owner Trustee's Fees and Expenses......................20
      SECTION 8.02.  Indemnification........................................20
      SECTION 8.03.  Payments to Owner Trustee..............................20

                                  ARTICLE IX

                        Termination of Trust Agreement

      SECTION 9.01.  Termination of Trust Agreement.........................20

                                   ARTICLE X

            Successor Owner Trustees and Additional Owner Trustees

      SECTION 10.01. Eligibility Requirements for Owner Trustee.............21
      SECTION 10.02. Resignation or Removal of Owner Trustee................22
      SECTION 10.03. Successor Owner Trustee................................22
      SECTION 10.04. Merger or Consolidation of Owner Trustee...............23
      SECTION 10.05. Appointment of Co-Trustee or Separate Trustee..........23

                                  ARTICLE XI

                                 Miscellaneous

      SECTION 11.01. Supplements and Amendments.............................24
      SECTION 11.02. No Legal Title to Owner Trust Estate in Owners.........25
      SECTION 11.03. Limitations on Rights of Others........................26
      SECTION 11.04. Notices................................................26
      SECTION 11.05. Severability...........................................26
      SECTION 11.06. Separate Counterparts..................................26
      SECTION 11.07. Successors and Assigns.................................26
      SECTION 11.08. Covenants of Company...................................26
      SECTION 11.09. No Petition............................................27
      SECTION 11.10. No Recourse............................................27
      SECTION 11.11. Headings...............................................27
      SECTION 11.12. GOVERNING LAW..........................................27
      SECTION 11.13. Certificate Transfer Restrictions......................27
      SECTION 11.14. Depositor Payment Obligation...........................27

                                      iii

<PAGE>

                                   EXHIBITS

EXHIBIT A      Form of Certificate.........................................A-1
EXHIBIT B      Certificate of Trust of DaimlerChrysler Auto Trust 2006-C...B-1
EXHIBIT C      Form of Transferor Certificate..............................C-1
EXHIBIT D      Form of Investment Letter...................................D-1
EXHIBIT E      Form of Rule 144A Letter....................................E-1

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     AMENDED AND RESTATED TRUST AGREEMENT dated as of October 1, 2006,
     among DAIMLERCHRYSLER FINANCIAL SERVICES AMERICAS LLC, a Michigan
     limited liability company, as depositor (the "Depositor"),
     DAIMLERCHRYSLER RETAIL RECEIVABLES LLC (the "Company"), a Michigan
     limited liability company, and CHASE BANK USA, NATIONAL ASSOCIATION,
     a national banking association, as owner trustee.

     WHEREAS, the Owner Trustee and the Company entered into a Trust Agreement
dated December 6, 2005 (the "Trust Agreement") for the purpose of forming
DaimlerChrysler Auto Trust 2006-C, as amended and restated on September 22,
2006;

     WHEREAS, the Trust Agreement is being amended and restated as of October
1, 2006;

     WHEREAS, the Depositor and the Company have entered into a Purchase
Agreement dated as of October 1, 2006 (the "Purchase Agreement"), pursuant to
which the Depositor will assign to the Company any and all of the Depositor's
rights and interests with respect to the receipt of amounts from the Reserve
Account; and

     WHEREAS, in connection therewith, the Company is willing to assume
certain obligations pursuant hereto;

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

                                   ARTICLE I

                                  Definitions
                                  -----------

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

     "Administration Agreement" shall mean the Administration Agreement dated
as of October 1, 2006, among the Trust, the Indenture Trustee and DCFS, as
Administrator.

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

     "Basic Documents" shall mean the Purchase Agreement, the Sale and
Servicing Agreement, the Indenture, the Administration Agreement, the Note
Depository Agreement and the other documents and certificates delivered in
connection therewith.

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

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

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     "Certificate of Trust" shall mean the Certificate of Trust filed for the
Trust pursuant to Section 3810(a) of the Statutory Trust Statute, as
originally filed with the Secretary of State of Delaware on December 6, 2005.
A copy of the Certificate of Trust dated as of December 6, 2005 is attached
hereto as Exhibit B.

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

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

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

     "Company" shall mean DaimlerChrysler Retail Receivables LLC, a Michigan
limited liability company, and any successor in interest.

     "Corporate Trust Office" shall mean, with respect to the Owner Trustee,
the principal corporate trust office of the Owner Trustee located at c/o Chase
Bank USA, National Association, c/o JPMorgan Chase, Attention: Institutional
Trust Services, 500 Stanton Christiana Road, OPS4 / 3rd Floor, Newark,
Delaware 19713, or at such other address as the Owner Trustee may designate by
notice to the Owners, the Depositor and the Company, or the principal
corporate trust office of any successor Owner Trustee at the address
designated by such successor Owner Trustee by notice to the Owners, the
Depositor and the Company.

     "DCFS" shall mean DaimlerChrysler Financial Services Americas LLC, a
Michigan limited liability company, and any successor in interest.

     "Depositor" shall mean DCFS in its capacity as depositor hereunder.

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

     "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended.

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

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

     "Indenture" shall mean the Indenture dated as of October 1, 2006 between
the Trust and Deutsche Bank Trust Company Americas, as Indenture Trustee.

     "Note Depository Agreement" shall mean the agreement dated September 29,
2006 between the Trust and The Depository Trust Company, as the initial
Clearing Agency, relating to the Class A-1 Notes, the Class A-2 Notes, the
Class A-3 Notes, the Class A-4 Notes and the Class B Notes, as the same may be
amended and supplemented from time to time.

     "Opinion of Counsel" means one or more written opinions of counsel, who
may be an employee of or counsel to the Seller, the Company or the Servicer,
which counsel shall be acceptable to the Indenture Trustee, the Owner Trustee
or the Rating Agencies, as applicable.

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     "Owner" shall mean each Holder of a Certificate.

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

     "Owner Trustee" shall mean Chase Bank USA, National Association, a
national banking association, not in its individual capacity but solely as
owner trustee under this Agreement, and any successor Owner Trustee hereunder.

     "Paying Agent" shall mean any paying agent or co-paying agent appointed
pursuant to Section 3.09 and shall initially be the Indenture Trustee.

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

     "Record Date" shall mean, with respect to any Payment Date, the 15th day
of the month preceding such Payment Date.

     "Sale and Servicing Agreement" shall mean the Sale and Servicing
Agreement dated as of October 1, 2006, between the Trust, as issuer, and the
Depositor, as seller and servicer, as the same may be amended or supplemented
from time to time.

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

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

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

     "Trust" shall mean the trust continued pursuant to this Agreement.

     SECTION 1.02. Other Definitional Provisions. (a) Capitalized terms used
and not otherwise defined herein have the meanings assigned to them in the
Sale and Servicing Agreement or, if not defined therein, in the Indenture.

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

     (c) As used in this Agreement and in any certificate or other document
made or delivered pursuant hereto or thereto, accounting terms not defined in
this Agreement or in any such certificate or other document, and accounting
terms partly defined in this Agreement or in any such certificate or other
document to the extent not defined, shall have the respective

                                      3
<PAGE>

meanings given to them under generally accepted accounting principles. To the
extent that the definitions of accounting terms in this Agreement or in any
such certificate or other document are inconsistent with the meanings of such
terms under generally accepted accounting principles, the definitions
contained in this Agreement or in any such certificate or other document shall
control.

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

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

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

                                  ARTICLE II

                                 Organization
                                 ------------

     SECTION 2.01. Name. The Trust created hereby shall be known as
"DaimlerChrysler Auto Trust 2006-C," in which name the Owner Trustee may
conduct the business of the Trust, make and execute contracts and other
instruments on behalf of the Trust and sue and be sued.

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

     SECTION 2.03. Purposes and Powers. The purpose of the Trust is to engage
in the following activities:

          (i) to issue the Notes pursuant to the Indenture and the
     Certificates pursuant to this Agreement and to sell the Notes and the
     Certificates;

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

          (iii) to assign, grant, transfer, pledge, mortgage and convey the
     Trust Estate pursuant to the Indenture and to hold, manage and distribute
     to the Owners pursuant to the

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     terms of the Sale and Servicing Agreement any portion of the Trust Estate
     released from the Lien of, and remitted to the Trust pursuant to, the
     Indenture;

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

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

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

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

     SECTION 2.05. Initial Capital Contribution of Owner Trust Estate. The
Depositor has previously sold, assigned, transferred, conveyed and set over to
the Owner Trustee, as of the date of the Original Trust Agreement, the sum of
$1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor,
as of the date hereof, of the foregoing contribution, which shall constitute
the initial Owner Trust Estate and shall be deposited in the Deposit Account.
The Depositor shall pay organizational expenses of the Trust as they may arise
or shall, upon the request of the Owner Trustee, promptly reimburse the Owner
Trustee for any such expenses paid by the Owner Trustee.

     SECTION 2.06. Declaration of Trust. The Owner Trustee hereby declares
that it will hold the Owner Trust Estate in trust upon and subject to the
conditions set forth herein for the use and benefit of the Owners, subject to
the obligations of the Trust under the Basic Documents. It is the intention of
the parties hereto that the Trust constitute a statutory trust under the
Statutory Trust Statute and that this Agreement constitute the governing
instrument of such statutory trust. It is the intention of the parties hereto
that, solely for income and franchise tax purposes, (i) so long as there is a
sole Owner, the Trust shall be treated as a security arrangement, with the
assets of the Trust being the Receivables and other assets held by the Trust,
the owner of the Receivables being the sole Owner and the Notes being
non-recourse debt of the sole Owner and (ii) if there is more than one Owner,
the Trust shall be treated as a partnership for income and franchise tax
purposes, with the assets of the partnership being the Receivables and other
assets held by the Trust, the partners of the partnership being the Owners
(including the Company as assignee of the Depositor pursuant to the Purchase
Agreement, in its capacity as recipient of distributions from the Reserve
Account) and the Notes being debt of the partnership. The parties agree that,
unless otherwise required by appropriate tax authorities, the Trust will file
or cause to be filed annual or other necessary returns, reports and other
forms consistent with the characterization of the Trust as provided in the
preceding sentence for such tax purposes. Effective as of the date hereof, the
Owner Trustee shall have all rights, powers and duties set forth herein and in
the Statutory Trust Statute with respect to accomplishing the purposes of the
Trust.

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     SECTION 2.07. Liability of Owners. The Owners (including the Company)
shall be entitled to the same limitation of personal liability extended to
stockholders of private corporations for profit organized under the general
corporation law of the State of Delaware.

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

     SECTION 2.09. Situs of Trust. The Trust will be located and administered
in the State of Delaware. All bank accounts maintained by the Owner Trustee on
behalf of the Trust shall be located in the State of Delaware or the State of
New York. The Trust shall not have any employees in any state other than
Delaware; provided, however, that nothing herein shall restrict or prohibit
the Owner Trustee from having employees within or outside of the State of
Delaware. Payments will be received by the Trust only in Delaware or New York,
and payments will be made by the Trust only from Delaware or New York. The
only office of the Trust will be at the Corporate Trust Office in Delaware.

     SECTION 2.10. Representations and Warranties of Depositor and Company.
(a) The Depositor hereby represents and warrants to the Owner Trustee that:

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

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

          (iii) The Depositor has the power and authority to execute and
     deliver this Agreement and to carry out its terms; the Depositor has full
     power and authority to sell and assign the property to be sold and
     assigned to and deposited with the Trust and the Depositor has duly
     authorized such sale and assignment and deposit to the Trust by all
     necessary corporate action; and the execution, delivery and performance
     of this Agreement have been duly authorized by the Depositor by all
     necessary action of a limited liability company.

          (iv) The consummation of the transactions contemplated by this
     Agreement and the fulfillment of the terms hereof do not conflict with,
     result in any breach of any of the terms and provisions of, or constitute
     (with or without notice or lapse of time) a default under, the articles
     of organization or operating agreement of the Depositor, or any
     indenture, agreement or other instrument to which the Depositor is a
     party or by which it is bound; nor result in the creation or imposition
     of any Lien upon any of its properties pursuant to the terms of any such
     indenture, agreement or other instrument (other than pursuant to the
     Basic Documents); nor violate any law or, to the best of the Depositor's
     knowledge, any

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<PAGE>

     order, rule or regulation applicable to the Depositor of any court or of
     any federal or state regulatory body, administrative agency or other
     governmental instrumentality having jurisdiction over the Depositor or
     its properties.

          (v) To the Depositor's best knowledge, there are no proceedings or
     investigations pending or threatened before any court, regulatory body,
     administrative agency or other governmental instrumentality having
     jurisdiction over the Depositor or its properties: (A) asserting the
     invalidity of this Agreement, (B) seeking to prevent the consummation of
     any of the transactions contemplated by this Agreement or (C) seeking any
     determination or ruling that might materially and adversely affect the
     performance by the Depositor of its obligations under, or the validity or
     enforceability of, this Agreement.

          (vi) The representations and warranties of the Company and the
     Depositor in Sections 3.01 and 3.02 of the Purchase Agreement are true
     and correct.

     (b) The Company hereby represents and warrants to the Owner Trustee that:

          (i) The Company has been duly organized and is validly existing as a
     limited liability company in good standing under the laws of the
     jurisdiction of its organization, with the power and authority to own its
     properties and to conduct its business as such properties are currently
     owned and such business is presently conducted.

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

          (iii) The Company has the power and authority to execute and deliver
     this Agreement and to carry out its terms; the Company has full power and
     authority to purchase the Certificates; and the execution, delivery and
     performance of this Agreement has been duly authorized by the Company by
     all necessary action.

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

          (v) There are no proceedings or investigations pending or, to the
     Company's best knowledge, threatened before any court, regulatory body,
     administrative agency or other governmental instrumentality having
     jurisdiction over the Company or its properties: (A) asserting the
     invalidity of this Agreement, (B) seeking to prevent the consummation of

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<PAGE>

     any of the transactions contemplated by this Agreement or (C) seeking any
     determination or ruling that might materially and adversely affect the
     performance by the Company of its obligations under, or the validity or
     enforceability of, this Agreement.

                                 ARTICLE III

                    Certificates and Transfer of Interests
                    --------------------------------------

     SECTION 3.01. Initial Ownership. Upon the formation of the Trust by the
contribution by the Depositor pursuant to Section 2.05 and until the issuance
of the Certificates, the Depositor shall be the sole beneficiary of the Trust.

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

     A transferee of a Certificate shall become a Certificateholder and shall
be entitled to the rights and subject to the obligations of a
Certificateholder hereunder upon such transferee's acceptance of a Certificate
duly registered in such transferee's name pursuant to Section 3.04.

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

     SECTION 3.04. Registration of Transfer and Exchange of Certificates;
Limitations on Transfer. The Certificate Registrar shall keep or cause to be
kept, at the office or agency maintained pursuant to Section 3.08, a
Certificate Register in which, subject to such reasonable regulations as it
may prescribe, the Owner Trustee shall provide for the registration of
Certificates and of transfers and exchanges of Certificates as herein
provided. The Bank of New York shall be the initial Certificate Registrar.

     The Certificates have not been and will not be registered under the
Securities Act and will not be listed on any exchange. No transfer of a
Certificate shall be made unless such transfer is

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<PAGE>

made pursuant to an effective registration statement under the Securities Act
and any applicable state securities laws or is exempt from the registration
requirements under the Securities Act and such state securities laws. In the
event that a transfer is to be made in reliance upon an exemption from the
Securities Act and state securities laws, in order to assure compliance with
the Securities Act and such laws, the Holder desiring to effect such transfer
and such Holder's prospective transferee shall each certify to the Owner
Trustee in writing the facts surrounding the transfer in substantially the
forms set forth in Exhibit C (the "Transferor Certificate") and either Exhibit
D (the "Investment Letter") or Exhibit E (the "Rule 144A Letter"). Except in
the case of a transfer as to which the proposed transferee has provided a Rule
144A Letter, there shall also be delivered to the Owner Trustee an Opinion of
Counsel that such transfer may be made pursuant to an exemption from the
Securities Act and state securities laws, which Opinion of Counsel shall not
be an expense of the Trust or the Owner Trustee; provided that such Opinion of
Counsel in respect of the applicable state securities laws may be a memorandum
of law rather than an opinion if such counsel is not licensed in the
applicable jurisdiction. The Depositor shall provide to any Holder of a
Certificate and any prospective transferee designated by any such Holder,
information regarding the Certificates and the Receivables and such other
information as shall be necessary to satisfy the condition to eligibility set
forth in Rule 144A(d)(4) for transfer of any such Certificate without
registration thereof under the Securities Act pursuant to the registration
exemption provided by Rule 144A. Each Holder of a Certificate desiring to
effect such a transfer shall, and does hereby agree to, indemnify the Trust,
the Owner Trustee, and the Depositor against any liability that may result if
the transfer is not so exempt or is not made in accordance with federal and
state securities laws. The Owner Trustee shall cause each Certificate to
contain a legend in the form set forth on the form of Certificate attached
hereto as Exhibit A.

     Upon surrender for registration of transfer of any Certificate at the
office or agency maintained pursuant to Section 3.08 and subject to the
satisfaction of the preceding paragraph, the Owner Trustee shall execute,
authenticate and deliver (or shall cause The Bank of New York as its
authenticating agent to authenticate and deliver), in the name of the
designated transferee or transferees, one or more new Certificates of like
tenor and in authorized denominations of a like aggregate Percentage Interest
dated the date of authentication by the Owner Trustee or any authenticating
agent; provided that prior to such execution, authentication and delivery, the
Owner Trustee shall have received an Opinion of Counsel to the effect that the
proposed transfer will not cause the Trust to be characterized as an
association (or a publicly traded partnership) taxable as a corporation or
alter the tax characterization of the Notes for federal income tax purposes or
Michigan income and single business tax purposes. At the option of a Holder,
Certificates may be exchanged for other Certificates of like tenor and of
authorized denominations of a like aggregate Percentage Interest upon
surrender of the Certificates to be exchanged at the office or agency
maintained pursuant to Section 3.08.

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

     No service charge shall be made for any registration of transfer or
exchange of Certificates, but the Owner Trustee or the Certificate Registrar
may require payment of a sum sufficient to

                                      9
<PAGE>

cover any tax or governmental charge that may be imposed in connection with
any transfer or exchange of Certificates.

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

     SECTION 3.05. Mutilated, Destroyed, Lost or Stolen Certificates. If (a)
any mutilated Certificate shall be surrendered to the Certificate Registrar,
or if the Certificate Registrar shall receive evidence to its satisfaction of
the destruction, loss or theft of any Certificate and (b) there shall be
delivered to the Certificate Registrar and the Owner Trustee such security or
indemnity as may be required by them to save each of them harmless, then in
the absence of notice that such Certificate has been acquired by a protected
purchaser, the Owner Trustee on behalf of the Trust shall execute and the
Owner Trustee or The Bank of New York, as the Owner Trustee's authenticating
agent, shall authenticate and deliver, in exchange for or in lieu of any such
mutilated, destroyed, lost or stolen Certificate, a new Certificate of like
tenor and denomination. In connection with the issuance of any new Certificate
under this Section, the Owner Trustee or the Certificate Registrar may require
the payment of a sum sufficient to cover any tax or other governmental charge
that may be imposed in connection therewith. Any duplicate Certificate issued
pursuant to this Section shall constitute conclusive evidence of ownership in
the Trust, as if originally issued, whether or not the lost, stolen or
destroyed Certificate shall be found at any time.

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

     SECTION 3.07. Access to List of Certificateholders' Names and Addresses.
The Owner Trustee shall furnish or cause to be furnished to the Servicer and
the Depositor, within 15 days after receipt by the Owner Trustee of a written
request therefor from the Servicer or the Depositor, a list, in such form as
the Servicer or the Depositor may reasonably require, of the names and
addresses of the Certificateholders as of the most recent Record Date. If a
Certificateholder applies in writing to the Owner Trustee, and such
application states that the applicant desires to communicate with other
Certificateholders with respect to their rights under this Agreement or under
the Certificates, then the Owner Trustee shall, within five Business Days
after the receipt of such application, afford such applicant access during
normal business hours to the current list of Certificateholders. Each Holder,
by receiving and holding a Certificate, shall be deemed to have agreed not to
hold any of the Depositor, the Company, the Certificate Registrar or the Owner
Trustee accountable by reason of the disclosure of its name and address,
regardless of the source from which such information was derived.

     SECTION 3.08. Maintenance of Office or Agency. The Owner Trustee shall
maintain in the Borough of Manhattan, The City of New York, an office or
offices or agency or agencies where Certificates may be surrendered for
registration of transfer or exchange and where notices and demands to or upon
the Owner Trustee in respect of the Certificates and the Basic Documents may
be served. The Owner Trustee initially designates The Bank of New York, 101
Barclay

                                      10
<PAGE>

Street, New York, New York 10286 as its office for such purposes. The Owner
Trustee shall give prompt written notice to the Company and to the
Certificateholders of any change in the location of the Certificate Register
or any such office or agency.

     SECTION 3.09. Appointment of Paying Agent. The Paying Agent shall make
distributions to Certificateholders from the Deposit Account pursuant to
Section 5.02 and shall report the amounts of such distributions to the Owner
Trustee. Subject to the provisions of Section 5.05 of the Sale and Servicing
Agreement, any Paying Agent shall have the revocable power to withdraw funds
from the Deposit Account for the purpose of making the distributions referred
to above. The Owner Trustee may revoke such power and remove the Paying Agent
if the Owner Trustee determines in its sole discretion that the Paying Agent
shall have failed to perform its obligations under this Agreement in any
material respect or that it is in the interest of the Certificateholders to do
so. The Paying Agent initially shall be the Indenture Trustee, and any
co-paying agent chosen by the Indenture Trustee and acceptable to the Owner
Trustee. The Person acting as Indenture Trustee shall not be permitted to
resign as Paying Agent so long as such Person is acting as the Indenture
Trustee. The Owner Trustee shall cause such successor Paying Agent or any
additional Paying Agent appointed by the Owner Trustee to execute and deliver
to the Owner Trustee an instrument in which such successor Paying Agent or
additional Paying Agent shall agree with the Owner Trustee that, as Paying
Agent, such successor Paying Agent or additional Paying Agent will hold all
sums, if any, held by it for payment to the Certificateholders in trust for
the benefit of the Certificateholders entitled thereto until such sums shall
be paid to such Certificateholders. The Paying Agent shall return all
unclaimed funds to the Owner Trustee and upon removal of a Paying Agent such
Paying Agent shall also return all funds in its possession to the Owner
Trustee. The provisions of Sections 7.01, 7.03, 7.04 and 8.01 shall apply to
the Owner Trustee also in its role as Paying Agent, for so long as the Owner
Trustee shall act as Paying Agent and, to the extent applicable, to any other
paying agent appointed hereunder. Any reference in this Agreement to the
Paying Agent shall include any co-paying agent unless the context requires
otherwise.

     SECTION 3.10. Definitive Certificates. The Certificates, upon original
issuance, will be issued in definitive, fully registered form.

                                  ARTICLE IV

                           Actions by Owner Trustee

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

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

                                      11
<PAGE>

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

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

     (c) the amendment of the Indenture by a supplemental indenture in
circumstances where the consent of any Noteholder is required;

     (d) the amendment of the Indenture by a supplemental indenture in
circumstances where the consent of any Noteholder is not required and such
amendment materially adversely affects the interests of the Owners;

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

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

     SECTION 4.02. Action by Owners with Respect to Certain Matters. The Owner
Trustee shall not have the power, except upon the direction of the Owners, to
(a) remove the Administrator under the Administration Agreement pursuant to
Section 8 thereof, (b) appoint a successor Administrator pursuant to Section 8
of the Administration Agreement, (c) remove the Servicer under the Sale and
Servicing Agreement pursuant to Section 8.01 thereof or (d) except as
expressly provided in the Basic Documents, sell the Receivables after the
termination of the Indenture. The Owner Trustee shall take the actions
referred to in the preceding sentence only upon written instructions signed by
the Owners.

     SECTION 4.03. Action by Owners with Respect to Bankruptcy. The Owner
Trustee shall not have the power to commence a voluntary proceeding in
bankruptcy relating to the Trust without the unanimous prior approval of all
Owners and the delivery to the Owner Trustee by each such Owner of a
certificate certifying that such Owner reasonably believes that the Trust is
insolvent.

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

     SECTION 4.05. Majority Control. Except as expressly provided herein, any
action that may be taken by the Owners under this Agreement may be taken by
the Holders of the Certificates evidencing not less than a majority of the
Percentage Interests evidenced by the Certificates. Except as expressly
provided herein, any written notice of the Owners delivered pursuant to this
Agreement shall be effective if signed by the Holders of the Certificates
evidencing not less than a

                                      12
<PAGE>

majority of the Percentage Interests evidenced by the Certificates at the time
of the delivery of such notice.

                                  ARTICLE V

                  Application of Trust Funds; Certain Duties
                  ------------------------------------------

     SECTION 5.01. Establishment of Deposit Account. The Deposit Account shall
be established and maintained pursuant to Section 5.01 of the Sale and
Servicing Agreement. The Deposit Account shall be under the sole dominion and
control of the Indenture Trustee for the benefit of Noteholders and the
Certificateholders, as applicable in accordance with the Sale and Servicing
Agreement.

     SECTION 5.02. Application of Trust Funds. (a) On each Payment Date, the
Servicer is obligated to instruct the Indenture Trustee to make distributions
and allocations in accordance with Section 5.05(a) of the Sale and Servicing
Agreement. Distributions to Certificateholders will be made in accordance with
Section 5.05(a)(ii)(F) of the Sale and Servicing Agreement.

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

     SECTION 5.03. Method of Payment. Subject to Section 9.01(c),
distributions required to be made to Certificateholders on any Payment Date
shall be made by the Paying Agent to each Certificateholder of record on the
preceding Record Date by wire transfer, in immediately available funds, to the
account of such Holder at a bank or other entity having appropriate facilities
therefor, if such Certificateholder shall have provided to the Certificate
Registrar appropriate written instructions at least five Business Days prior
to such Payment Date, or, if not, by check mailed to such Certificateholder at
the address of such Holder appearing in the Certificate Register.

     SECTION 5.04. Accounting and Reports to Owners, Internal Revenue Service
and Others. The Owner Trustee shall deliver to each Owner such information,
reports or statements as may be required by the Code and applicable Treasury
Regulations and as may be required to enable each Owner to prepare its federal
and state income tax returns. Consistent with the Trust's characterization for
tax purposes, as a security arrangement for the issuance of non-recourse debt,
no federal income tax return shall be filed on behalf of the Trust unless
either (i) the Owner

                                      13
<PAGE>

Trustee shall receive an Opinion of Counsel that, based on a change in
applicable law occurring after the date hereof, or as a result of a transfer
by the Company permitted by Section 3.04, the Code requires such a filing or
(ii) the Internal Revenue Service shall determine that the Trust is required
to file such a return. In the event that the Trust is required to file tax
returns, the Owner Trustee shall prepare or shall cause to be prepared any tax
returns required to be filed by the Trust and shall remit such returns to the
Company (or if the Company no longer owns any Certificates, the Owner
designated for such purpose by the Company to the Owner Trustee in writing) at
least five (5) days before such returns are due to be filed. The Company (or
such designee Owner, as applicable) shall promptly sign such returns and
deliver such returns after signature to the Owner Trustee and such returns
shall be filed by the Owner Trustee with the appropriate tax authorities. In
no event shall the Owner Trustee or the Company (or such designee Owner, as
applicable) be liable for any liabilities, costs or expenses of the Trust or
the Noteholders arising out of the application of any tax law, including
federal, state, foreign or local income or excise taxes or any other tax
imposed on or measured by income (or any interest, penalty or addition with
respect thereto or arising from a failure to comply therewith) except for any
such liability, cost or expense attributable to any act or omission by the
Owner Trustee or the Company (or such designee Owner, as applicable), as the
case may be, in breach of its obligations under this Agreement.

                                  ARTICLE VI

                     Authority and Duties of Owner Trustee
                     -------------------------------------

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

     SECTION 6.02. General Duties. It shall be the duty of the Owner Trustee
to discharge (or cause to be discharged) all of its responsibilities pursuant
to the terms of this Agreement and the Basic Documents to which the Trust is a
party and to administer the Trust in the interest of the Owners, subject to
the Basic Documents and in accordance with the provisions of this Agreement.
Notwithstanding the foregoing, the Owner Trustee shall be deemed to have
discharged its duties and responsibilities hereunder and under the Basic
Documents to the extent the Administrator has agreed in the Administration
Agreement to perform any act or to discharge any duty of the Owner Trustee
hereunder or under any Basic Document, and the Owner Trustee shall not be held
liable for the default or failure of the Administrator to carry out its
obligations under the Administration Agreement.

     SECTION 6.03. Action upon Instruction. (a) Subject to Article IV and in
accordance with the terms of the Basic Documents, the Owners may by written
instruction direct the Owner

                                      14
<PAGE>

Trustee in the management of the Trust. Such direction may be exercised at any
time by written instruction of the Owners pursuant to Article IV.

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

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

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

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

                                      15
<PAGE>

promptly take all action as may be necessary to discharge any liens on any
part of the Owner Trust Estate that result from actions by, or claims against,
the Owner Trustee that are not related to the ownership or the administration
of the Owner Trust Estate.

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

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

                                 ARTICLE VII

                           Concerning Owner Trustee

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

     (a) The Owner Trustee shall not be liable for any error of judgment made
in good faith by the Owner Trustee;

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

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

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

                                      16
<PAGE>

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

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

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

     SECTION 7.02. Furnishing of Documents. The Owner Trustee shall furnish to
the Owners, promptly upon receipt of a written request therefor, duplicates or
copies of all reports, notices, requests, demands, certificates, financial
statements and any other instruments furnished to the Owner Trustee under the
Basic Documents.

     SECTION 7.03. Representations and Warranties. The Owner Trustee hereby
represents and warrants to the Company, for the benefit of the Owners, that:

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

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

     (c) Neither the execution or the delivery by it of this Agreement, nor
the consummation by it of the transactions contemplated hereby, nor compliance
by it with any of the terms or provisions hereof will contravene any federal
or Delaware law, governmental rule or regulation governing the banking or
trust powers of the Owner Trustee or any judgment or order binding on it, or
constitute any default under its charter documents or bylaws or any indenture,

                                      17
<PAGE>

mortgage, contract, agreement or instrument to which it is a party or by which
any of its properties may be bound.

     SECTION 7.04. Reliance; Advice of Counsel. (a) The Owner Trustee shall
incur no liability to anyone in acting upon any signature, instrument, notice,
resolution, request, consent, order, certificate, report, opinion, bond, or
other document or paper believed by it to be genuine and believed by it to be
signed by the proper party or parties. The Owner Trustee may accept a
certified copy of a resolution of the board of directors or other governing
body of any corporate party as conclusive evidence that such resolution has
been duly adopted by such body and that the same is in full force and effect.
As to any fact or matter the method of determination of which is not
specifically prescribed herein, the Owner Trustee may for all purposes hereof
rely on a certificate, signed by the president or any vice president or by the
treasurer or other authorized officers of the relevant party, as to such fact
or matter, and such certificate shall constitute full protection to the Owner
Trustee for any action taken or omitted to be taken by it in good faith in
reliance thereon.

     (b) In the exercise or administration of the trusts hereunder and in the
performance of its duties and obligations under this Agreement or the Basic
Documents, the Owner Trustee (i) may act directly or through its agents or
attorneys pursuant to agreements entered into with any of them, and the Owner
Trustee shall not be liable for the conduct or misconduct of such agents or
attorneys if such agents or attorneys shall have been selected by the Owner
Trustee with reasonable care, and (ii) may consult with counsel, accountants
and other skilled Persons to be selected with reasonable care and employed by
it. The Owner Trustee shall not be liable for anything done, suffered or
omitted in good faith by it in accordance with the written opinion or advice
of any such counsel, accountants or other such Persons and not contrary to
this Agreement or any Basic Document.

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

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

                                      18
<PAGE>

of any Receivable to the Trust or of any intervening assignment; the
completeness of any Receivable; the performance or enforcement of any
Receivable; the compliance by the Depositor, the Company or the Servicer with
any warranty or representation made under any Basic Document or in any related
document or the accuracy of any such warranty or representation, or any action
of the Administrator, the Indenture Trustee or the Servicer or any subservicer
taken in the name of the Owner Trustee.

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

     SECTION 7.08. Sales Finance Licenses. The Owner Trustee shall use its
best efforts to maintain, and the Owner Trustee, as Owner Trustee, shall cause
the Trust to use its best efforts to maintain, the effectiveness of all
licenses required under the Pennsylvania Motor Vehicle Sales Finance Act and
the Annotated Code of Maryland Financial Institutions ss. 11-403 in connection
with this Agreement and the Basic Documents and the transactions contemplated
hereby and thereby until such time as the Trust shall terminate in accordance
with the terms hereof.

                                 ARTICLE VIII

                         Compensation of Owner Trustee
                         -----------------------------

     SECTION 8.01. Owner Trustee's Fees and Expenses. The Owner Trustee shall
receive as compensation for its services hereunder such fees as have been
separately agreed upon before the date hereof between the Depositor and the
Owner Trustee, and the Owner Trustee shall be entitled to be reimbursed by the
Depositor for its other reasonable expenses hereunder, including the
reasonable compensation, expenses and disbursements of such agents,
representatives, experts and counsel as the Owner Trustee may employ in
connection with the exercise and performance of its rights and its duties
hereunder.

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

                                      19
<PAGE>

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

     SECTION 8.03. Payments to Owner Trustee. Any amounts paid to the Owner
Trustee pursuant to this Article VIII shall be deemed not to be a part of the
Owner Trust Estate immediately after such payment.

                                  ARTICLE IX

                        Termination of Trust Agreement
                        ------------------------------

     SECTION 9.01. Termination of Trust Agreement. (a) The Trust shall
dissolve upon the final distribution by the Owner Trustee of all moneys or
other property or proceeds of the Owner Trust Estate in accordance with the
terms of the Indenture, the Sale and Servicing Agreement and Article V. The
bankruptcy, liquidation, dissolution, death or incapacity of any Owner shall
not (x) operate to dissolve or terminate this Agreement or the Trust or (y)
entitle such Owner's legal representatives or heirs to claim an accounting or
to take any action or proceeding in any court for a partition or winding up of
all or any part of the Trust or Owner Trust Estate or (z) otherwise affect the
rights, obligations and liabilities of the parties hereto.

     (b) Except as provided in Section 9.01(a), none of the Depositor, the
Company or any Owner shall be entitled to revoke, dissolve or terminate the
Trust.

     (c) Notice of any dissolution of the Trust, specifying the Payment Date
upon which Certificateholders shall surrender their Certificates to the Paying
Agent for payment of the final distribution and cancellation, shall be given
by the Owner Trustee by letter to Certificateholders mailed within five
Business Days of receipt of a termination notice of such termination from the
Servicer given pursuant to Section 8.03 of the Sale and Servicing Agreement,
stating (i) the Payment Date upon or with respect to which final payment of
the Certificates shall be made upon presentation and surrender of the
Certificates at the office of the Paying Agent therein designated, (ii) the
amount of any such final payment and (iii) that the Record Date otherwise
applicable to such Payment Date is not applicable, payments being made only
upon presentation and surrender of the Certificates at the office of the
Paying Agent therein specified. The Owner Trustee shall give such notice to
the Certificate Registrar (if other than the Owner Trustee) and the Paying
Agent at the time such notice is given to Certificateholders. Upon
presentation and surrender of the Certificates, the Paying Agent shall cause
to be distributed to Certificateholders amounts distributable on such Payment
Date pursuant to Section 5.02.

     In the event that all of the Certificateholders shall not surrender their
Certificates for cancellation within six months after the date specified in
the above mentioned written notice, the Owner Trustee shall give a second
written notice to the remaining Certificateholders to surrender their
Certificates for cancellation and receive the final distribution with respect
thereto. If within one year after the second notice all the Certificates shall
not have been surrendered for cancellation, the Owner Trustee may take
appropriate steps, or may appoint an agent to take appropriate steps, to
contact the remaining Certificateholders concerning surrender of their
Certificates, and the cost thereof shall be paid out of the funds and other
assets that shall remain

                                      20
<PAGE>

subject to this Agreement. Subject to applicable escheat laws, any funds
remaining in the Trust after exhaustion of such remedies shall be distributed
by the Paying Agent to the Company.

     (d) Upon the winding up of the Trust in accordance with Section 3808 of
the Statutory Trust Statute, the Owner Trustee, at the expense of the
Depositor shall cause the Certificate of Trust to be cancelled by filing a
certificate of cancellation with the Secretary of State in accordance with the
provisions of Section 3810 of the Statutory Trust Statute and the Trust and
this Agreement (other than Article VIII) shall terminate and be of no further
force or effect.

                                  ARTICLE X

            Successor Owner Trustees and Additional Owner Trustees
            ------------------------------------------------------

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

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

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

                                      21
<PAGE>

be delivered to the outgoing Owner Trustee so removed and one copy to the
successor Owner Trustee, and shall pay all fees owed to the outgoing Owner
Trustee.

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

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

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

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

     SECTION 10.04. Merger or Consolidation of Owner Trustee. Any Person into
which the Owner Trustee may be merged or converted or with which it may be
consolidated, or any Person resulting from any merger, conversion or
consolidation to which the Owner Trustee shall be a party, or any Person
succeeding to all or substantially all of the corporate trust business of the
Owner Trustee, shall be the successor of the Owner Trustee hereunder, without
the execution or filing of any instrument or any further act on the part of
any of the parties hereto, anything herein to the contrary notwithstanding;
provided, that such Person shall be eligible pursuant to Section 10.01 and,
provided, further, that the Owner Trustee shall mail notice of such merger or
consolidation to the Rating Agencies; provided, however, that in no event
shall any such Person become the successor Owner Trustee hereunder until the
Trust shall have received all such licenses, consents or approvals (or
amendments or endorsements thereto) relating to the change in Owner Trustee
that are required under the Pennsylvania Motor Vehicle Sales Finance Act and
the Annotated Code of Maryland Financial Institutions ss. 11-403 in connection
with the operation of the Trust.

                                      22
<PAGE>

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

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

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

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

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

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

                                      23
<PAGE>

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

                                  ARTICLE XI

                                 Miscellaneous
                                 -------------

     SECTION 11.01. Supplements and Amendments. This Agreement may be amended
by the Depositor, the Company and the Owner Trustee, with prior written notice
to the Rating Agencies, without the consent of any of the Noteholders or the
Certificateholders, to cure any ambiguity, to correct or supplement any
provisions in this Agreement or for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions in this Agreement
or of modifying in any manner the rights of the Noteholders or the
Certificateholders; provided, however, that such action shall not, as
evidenced by an Opinion of Counsel, adversely affect in any material respect
the interests of any Noteholder or Certificateholder.

     This Agreement may also be amended from time to time by the Depositor,
the Company and the Owner Trustee, with prior written notice to the Rating
Agencies, with the consent of the Holders (as defined in the Indenture) of
Notes evidencing not less than a majority of the Outstanding Amount of the
Notes, the consent of the Holders of Certificates evidencing not less than a
majority of the Percentage Interests evidenced by the Certificates, for the
purpose of adding any provisions to or changing in any manner or eliminating
any of the provisions of this Agreement or of modifying in any manner the
rights of the Noteholders or the Certificateholders; provided, however, that
no such amendment shall (a) increase or reduce in any manner the amount of, or
accelerate or delay the timing of, collections of payments on Receivables or
distributions that shall be required to be made for the benefit of the
Noteholders or the Certificateholders or (b) reduce the aforesaid percentage
of the Outstanding Amount of the Notes or of the Percentage Interests
evidenced by the Certificates required to consent to any such amendment,
without the consent of the Holders of all the outstanding Notes and
Certificates.

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

     It shall not be necessary for the consent of Certificateholders or
Noteholders pursuant to this Section to approve the particular form of any
proposed amendment or consent, but it shall be sufficient if such consent
shall approve the substance thereof. The manner of obtaining such consents
(and any other consents of Certificateholders provided for in this Agreement
or in any other Basic Document) and of evidencing the authorization of the
execution thereof by Certificateholders shall be subject to such reasonable
requirements as the Owner Trustee may prescribe.

                                      24
<PAGE>

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

     Prior to the execution of any amendment to this Agreement or the
Certificate of Trust, the Owner Trustee shall be entitled to receive and rely
upon an Opinion of Counsel stating that the execution of such amendment is
authorized or permitted by this Agreement. The Owner Trustee may, but shall
not be obligated to, enter into any such amendment that affects the Owner
Trustee's own rights, duties or immunities under this Agreement or otherwise.

     In connection with the execution of any amendment to this Agreement or
any amendment of any other agreement to which the Issuer is a party, the Owner
Trustee shall be entitled to receive and conclusively rely upon an Opinion of
Counsel to the effect that such amendment is authorized or permitted by the
Basic Documents and that all conditions precedent in the Basic Documents for
the execution and delivery thereof by the Issuer or the Owner Trustee, as the
case may be, have been satisfied.

     SECTION 11.02. No Legal Title to Owner Trust Estate in Owners. The Owners
shall not have legal title to any part of the Owner Trust Estate. The Owners
shall be entitled to receive distributions with respect to their undivided
ownership interest therein only in accordance with Articles V and IX. No
transfer, by operation of law or otherwise, of any right, title or interest of
the Owners to and in their ownership interest in the Trust shall operate to
terminate this Agreement or the trusts hereunder or entitle any transferee to
an accounting or to the transfer to it of legal title to any part of the Owner
Trust Estate.

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

     SECTION 11.04. Notices. (a) Unless otherwise expressly specified or
permitted by the terms hereof, all notices shall be in writing and shall be
deemed given upon receipt by the intended recipient or three Business Days
after mailing if mailed by certified mail, postage prepaid (except that notice
to the Owner Trustee shall be deemed given only upon actual receipt by the
Owner Trustee), if to the Owner Trustee, addressed to the Corporate Trust
Office, with a copy to The Bank of New York, 101 Barclay Street, New York, New
York 10286; if to the Depositor, addressed to DaimlerChrysler Financial
Services Americas LLC, 27777 Inkster Road, Farmington Hills, Michigan 48334,
Attention of Assistant Secretary; if to the Company, addressed to
DaimlerChrysler Retail Receivables LLC, 27777 Inkster Road, Farmington Hills,
Michigan 48334, Attention of Assistant Secretary; or, as to each party, at
such other address as shall be designated by such party in a written notice to
each other party.

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

                                      25
<PAGE>

     SECTION 11.05. Severability. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate
or render unenforceable such provision in any other jurisdiction.

     SECTION 11.06. Separate Counterparts. This Agreement may be executed by
the parties hereto in separate counterparts, each of which when so executed
and delivered shall be an original, but all such counterparts shall together
constitute but one and the same instrument.

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

     SECTION 11.08. Covenants of Company. In the event that any litigation
with claims in excess of $1,000,000 to which the Company is a party which
shall be reasonably likely to result in a material judgment against the
Company that the Company will not be able to satisfy shall be commenced by an
Owner, during the period beginning nine months following the commencement of
such litigation and continuing until such litigation is dismissed or otherwise
terminated (and, if such litigation has resulted in a final judgment against
the Company, such judgment has been satisfied), the Company shall not make any
distribution on or in respect of its membership interests to any of its
members, or repay the principal amount of any indebtedness of the Company held
by DCFS, unless (i) after giving effect to such distribution or repayment, the
Company's liquid assets shall not be less than the amount of actual damages
claimed in such litigation or (ii) the Rating Agency Condition shall have been
satisfied with respect to any such distribution or repayment. The Company will
not at any time institute against the Trust any bankruptcy proceedings under
any United States federal or state bankruptcy or similar law in connection
with any obligations relating to the Certificates, the Notes, this Agreement
or any of the other Basic Documents.

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

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

                                      26
<PAGE>

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

     SECTION 11.12. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS
CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

     SECTION 11.13. Certificate Transfer Restrictions. The Certificates may
not be acquired by or for the account of (i) an employee benefit plan (as
defined in Section 3(3) of ERISA) that is subject to the provisions of Title I
of ERISA, (ii) a plan described in Section 4975(e)(1) of the Code or (iii) any
entity whose underlying assets include plan assets by reason of a plan's
investment in the entity (each, a "Benefit Plan"). By accepting and holding a
Certificate, the Holder thereof shall be deemed to have represented and
warranted that it is not a Benefit Plan.

     SECTION 11.14. Depositor Payment Obligation. The Depositor shall be
responsible for payment of the Administrator's fees under the Administration
Agreement and shall reimburse the Administrator for all expenses and
liabilities of the Administrator incurred thereunder. In addition, the
Depositor shall be responsible for the payment of all fees and expenses of the
Trust, the Owner Trustee and the Indenture Trustee paid by any of them in
connection with any of their obligations under the Basic Documents to obtain
or maintain, on behalf of the Trust, any required licenses under the
Pennsylvania Motor Vehicle Sales Finance Act and the Annotated Code of
Maryland Financial Institutions ss. 11-403.

                                      27
<PAGE>

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

                              DAIMLERCHRYSLER FINANCIAL SERVICES AMERICAS LLC,
                                 as Depositor

                              By:  /s/ M. L. Davis
                                   ---------------------------------------------
                                   Name:  M. L. Davis
                                   Title:   Assistant Controller

                              DAIMLERCHRYSLER RETAIL RECEIVABLES LLC

                              By:  Chrysler Financial Receivables Corporation,
                                   as a Member

                              By:  /s/ M. L. Davis
                                   ---------------------------------------------
                                   Name: M. L. Davis
                                   Title: Assistant Controller

                              CHASE BANK USA NATIONAL ASSOCIATION,
                               as Owner Trustee

                              By:   /s/ John J. Cashin
                                   ---------------------------------------------
                                   Name:  John J. Cashin
                                   Title:    Vice President

                                      28
<PAGE>

                              Acknowledged and accepted

                              THE BANK OF NEW YORK,
                                as Authenticating Agent and Registrar

                              By:   /s/ John Bobko
                                   --------------------------------------------
                                   Name:   John Bobko
                                   Title:  Vice President

                                      29
<PAGE>

                                                                       EXHIBIT A

                              Form of Certificate
                              -------------------

THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES LAWS, AND MAY NOT BE
OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH
REGISTRATION OR AN EXEMPTION THEREFROM. IN ADDITION, THE TRANSFER OF THIS
CERTIFICATE IS SUBJECT TO CERTAIN RESTRICTIONS AND CONDITIONS SET FORTH IN
SECTION 3.04 OF THE TRUST AGREEMENT UNDER WHICH THIS CERTIFICATE IS ISSUED (A
COPY OF WHICH TRUST AGREEMENT IS AVAILABLE FROM THE OWNER TRUSTEE OR UPON
REQUEST), INCLUDING RECEIPT BY THE OWNER TRUSTEE OF AN INVESTMENT LETTER IN
WHICH THE TRANSFEREE MAKES CERTAIN REPRESENTATIONS.

No. R-1                                               Percentage Interest: ____%

                       DAIMLERCHRYSLER AUTO TRUST 2006-C

                                  CERTIFICATE

evidencing a fractional undivided interest in the Trust, as defined below, the
property of which includes a pool of retail installment sale contracts (as
defined herein) secured by new and used automobiles and light duty trucks.

(This Certificate does not represent an interest in or obligation of
DaimlerChrysler Financial Services Americas LLC or any of its affiliates,
except to the extent described below.)

      THIS CERTIFIES THAT ______________________________________________ is the
registered owner of a __________________________________ PERCENT nonassessable,
fully-paid, undivided percentage interest in DaimlerChrysler Auto Trust 2006-C
(the "Trust"), formed by DaimlerChrysler Financial Services Americas LLC, a
Michigan limited liability company (the "Depositor"), and DaimlerChrysler
Retail Receivables LLC, a Michigan limited liability company (the "Company").

                                    A-1-1
<PAGE>

     The Trust was created pursuant to a Trust Agreement dated as of December
6, 2005, as amended and restated by the Amended and Restated Trust Agreement
dated as of October 1, 2006 (as so amended and restated and further amended or
supplemented from time to time, the "Trust Agreement"), among the Depositor,
the Company and Chase Bank USA, National Association, as owner trustee (the
"Owner Trustee"), a summary of certain of the pertinent provisions of which is
set forth below. To the extent not otherwise defined herein, the capitalized
terms used herein have the meanings assigned to them in the Trust Agreement or
the Sale and Servicing Agreement dated as of October 1, 2006 (as amended and
supplemented from time to time, the "Sale and Servicing Agreement"), between
the Trust and the Depositor, as seller and as servicer (in such capacity, the
"Servicer"), as applicable.

     This Certificate is one of the duly authorized class of certificates
(herein called the "Certificates"). Also issued under an Indenture dated as of
October 1, 2006 (the "Indenture"), between the Trust and Deutsche Bank Trust
Company Americas, as indenture trustee, are the five classes of Notes
designated as "Class A-1 5.33399% Asset Backed Notes," "Class A-2 5.25% Asset
Backed Notes," "Class A-3 5.02% Asset Backed Notes", "Class A-4 4.98% Asset
Backed Notes" and "Class B 5.11% Asset Backed Notes" (collectively, the
"Notes"). This Certificate is issued under and is subject to the terms,
provisions and conditions of the Trust Agreement, to which Trust Agreement the
Holder of this Certificate by virtue of its acceptance hereof assents and by
which such Holder is bound. The property of the Trust consists of a pool of
retail installment sale contracts for new and used automobiles and light duty
trucks (collectively, the "Receivables"), all monies received after September
7, 2006, security interests in the vehicles financed thereby, certain bank
accounts and the proceeds thereof, proceeds from claims on certain insurance
policies and certain other rights under the Trust Agreement and the Sale and
Servicing Agreement and all proceeds of the foregoing.

     It is the intent of the Depositor, the Company, the Servicer and the
Certificateholder that, for purposes of federal income, state and local income
and single business tax and any other income taxes, the Trust will be treated
as a security arrangement for the issuance of debt by the sole
Certificateholder. The Company, by acceptance of the Certificates, agrees to
treat, and to take no action inconsistent with the above treatment for so long
as the Company is the sole Owner.

     Solely in the event the Certificates are held by more than a single
Owner, it is the intent of the Depositor, the Company, the Servicer and the
Certificateholders that, for purposes of federal income, state and local
income and single business tax and any other income taxes, the Trust will be
treated as a partnership and the Certificateholders (including the Company)
will be treated as partners in the partnership. The Company and the other
Certificateholders, by acceptance of a Certificate, agree to treat, and to
take no action inconsistent with the Treatment of, the Certificates for such
tax purposes as partnership interests in the Trust.

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

                                    A-1-2
<PAGE>

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

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

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

     THIS CERTIFICATE SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND
THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE
DETERMINED IN ACCORDANCE WITH SUCH LAWS.

                                    A-1-3
<PAGE>

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

                                    DAIMLERCHRYSLER AUTO TRUST 2006-C

                                    by:  CHASE BANK USA, NATIONAL
                                        ASSOCIATION, not in its individual
                                        capacity but solely as Owner Trustee

Dated:  __________________________  by:_________________________________________
                                                Authorized Signatory

                 OWNER TRUSTEE'S CERTIFICATE OF AUTHENTICATION

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

CHASE BANK USA, NATIONAL                  CHASE BANK USA, NATIONAL ASSOCIATION,
ASSOCIATION, as Owner Trustee       Or    as Owner Trustee

                                          by:  THE BANK OF NEW YORK,
                                               as Authenticating Agent

by:_______________________________        by:___________________________________
         Authorized Signatory                       Authorized Signatory

                                          by:___________________________________
                                                    Authorized Signatory

                                    A-1-4
<PAGE>

                           [REVERSE OF CERTIFICATE]

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

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

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

     Except as provided in the Trust Agreement, the Certificates are issuable
only as registered Certificates. As provided in the Trust Agreement and
subject to certain limitations therein set forth, Certificates are
exchangeable for new Certificates of authorized denominations evidencing the
same aggregate denomination, as requested by the Holder surrendering the same.
No service charge will be made for any such registration of transfer or
exchange, but the Owner Trustee or the Certificate Registrar may require
payment of a sum sufficient to cover any tax or governmental charge payable in
connection therewith.

     The Owner Trustee, the Certificate Registrar and any agent of the Owner
Trustee or the Certificate Registrar may treat the Person in whose name this
Certificate is registered as the

                                    A-1-5
<PAGE>

owner hereof for all purposes, and none of the Owner Trustee, the Certificate
Registrar or any such agent shall be affected by any notice to the contrary.

     The obligations and responsibilities created by the Trust Agreement and
the Trust created thereby shall terminate upon the payment to
Certificateholders of all amounts required to be paid to them pursuant to the
Trust Agreement and the Sale and Servicing Agreement and the disposition of
all property held as part of the Owner Trust Estate. The Servicer of the
Receivables may at its option purchase the Owner Trust Estate at a price
specified in the Sale and Servicing Agreement, and such purchase of the
Receivables and other property of the Trust will effect early retirement of
the Certificates; provided, however, such right of purchase is exercisable
only as of the last day of any Collection Period as of which the Pool Balance
is less than or equal to 10% of the Original Pool Balance.

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

                                    A-1-6
<PAGE>

                                  ASSIGNMENT

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

PLEASE INSERT SOCIAL SECURITY OR
OTHER IDENTIFYING NUMBER OF ASSIGNEE

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

the within Certificate, and all rights thereunder, and hereby irrevocably

constitutes and appoints ____________________________________________, attorney,

to transfer said Certificate on the books of the Certificate Registrar, with

full power of substitution in the premises.

Dated:                              ________________________________________*/
                                              Signature Guaranteed:

                                             ____________________________*/

__________________

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

                                    A-1-7
<PAGE>

                                                                       EXHIBIT B

                             CERTIFICATE OF TRUST
                                      OF
                       DAIMLERCHRYSLER AUTO TRUST 2006-C

            THIS Certificate of Trust of DaimlerChrysler Auto Trust 2006-C
(the "Trust") is being duly executed and filed by Chase Bank USA, National
Association, a national banking association, as trustee, to form a statutory
trust to form a statutory trust under the Delaware Statutory Trust Act (12
Del. C., Section 3801 et seq.) (the "Act").

            1. Name. The name of the statutory trust formed hereby is
DaimlerChrysler Auto Trust 2006-C.

            2. Delaware Trustee. The name and business address of the trustee
of the Trust in the State of Delaware is Chase Bank USA, National Association,
c/o JPMorgan Chase, Attention: Institutional Trust Services, 500 Stanton
Christiana Road, OPS4, 3rd Floor, Newark, Delaware 19713.

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

            IN WITNESS WHEREOF, the undersigned has executed this Certificate
of Trust in accordance with Section 3811(a) of the Act.

                                    CHASE BANK USA, NATIONAL ASSOCIATION, not
                                    in its individual capacity but solely as
                                    trustee

                                    By:   /s/ John J. Cashin
                                          --------------------------------------
                                          Name:  John J. Cashin
                                          Title:  Vice President

                                     B-1
<PAGE>

                                                                       EXHIBIT C

                        FORM OF TRANSFEROR CERTIFICATE

                        [DATE]

[Seller]
[Seller Address]
[Owner Trustee]
[Owner Trustee Address]

            Re:   DaimlerChrysler Auto Trust 2006-C Certificates

Ladies and Gentlemen:

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

                        Very truly yours,

                        [NAME OF TRANSFEROR]

                        By:________________________________________
                              Authorized Officer

                                      C-1

<PAGE>

                                                                       EXHIBIT D

                           FORM OF INVESTMENT LETTER

                  [DATE]

[Seller]
[Seller Address]
[Owner Trustee]
[Owner Trustee Address]

            Re:   DaimlerChrysler Auto Trust 2006-C Certificates
                  ----------------------------------------------

Ladies and Gentlemen:

            In connection with our acquisition of the above-referenced
Certificates (the "Certificates") we certify that (a) we understand that the
Certificates are not being registered under the Securities Act of 1933, as
amended (the "Act"), or any state securities laws and are being transferred to
us in a transaction that is exempt from the registration requirements of the
Act and any such laws, (b) we are an "accredited investor," as defined in
Regulation D under the Act, and have such knowledge and experience in
financial and business matters that we are capable of evaluating the merits
and risks of investments in the Certificates, (c) we have had the opportunity
to ask questions of and receive answers from the seller concerning the
purchase of the Certificates and all matters relating thereto or any
additional information deemed necessary to our decision to purchase the
Certificates, (d) we are acquiring the Certificates for investment for our own
account and not with a view to any distribution of such Certificates (but
without prejudice to our right at all times to sell or otherwise dispose of
the Certificates in accordance with clause (f) below), (e) we have not offered
or sold any Certificates to, or solicited offers to buy any Certificates from,
any person, or otherwise approached or negotiated with any person with respect
thereto, or taken any other action that would result in a violation of Section
5 of the Act or any state securities laws and (f) we will not sell, transfer
or otherwise dispose of any Certificates unless (1) such sale, transfer or
other disposition is made pursuant to an effective registration statement
under the Act and in compliance with any relevant state securities laws or is
exempt from such registration requirements and, if requested, we will at our
expense provide an Opinion of Counsel satisfactory to the addresses of this
certificate that such sale, transfer or other disposition may be made pursuant
to an exemption from the Act, (2) the purchaser or transferee of such
Certificate has executed and delivered to you a certificate to substantially
the same effect as this certificate and (3) the purchaser or transferee has
otherwise complied with any conditions for transfer set forth in the Amended
and Restated Trust dated as of October 1, 2006, between DaimlerChrysler
Financial Services Americas LLC, as Depositor, DaimlerChrysler Retail
Receivables LLC and Chase Bank USA, National Association, as Owner Trustee.

                        Very truly yours,

                        [NAME OF TRANSFEREE]

                        By:____________________________________
                              Authorized Officer

                                      D-1

<PAGE>

                                                                       EXHIBIT E

                           FORM OF RULE 144A LETTER

                  [DATE]

[Seller]
[Seller Address]
[Owner Trustee]
[Owner Trustee Address]

            Re:   DaimlerChrysler Auto Trust 2006-C Certificates
                  ----------------------------------------------

Ladies and Gentlemen:

            In connection with our acquisition of the above-referenced
Certificates (the "Certificates") we certify that (a) we understand that the
Certificates are not being registered under the Securities Act of 1933, as
amended (the "Act"), or any state securities laws and are being transferred to
us in a transaction that is exempt from the registration requirements of the
Act and any such laws, (b) we have such knowledge and experience in financial
and business matters that we are capable of evaluating the merits and risks of
investments in the Certificates, (c) we have had the opportunity to ask
questions of and receive answers from the seller concerning the purchase of
the Certificates and all matters relating thereto or any additional
information deemed necessary to our decision to purchase the Certificates, (d)
we have not, nor has anyone acting on our behalf, offered, transferred,
pledged, sold or otherwise disposed of the Certificates or any interest in the
Certificates, or solicited any offer to buy, transfer, pledge or otherwise
dispose of the Certificates or any interest in the Certificates from any
person in any manner, or made any general solicitation by means of general
advertising or in any other manner, or taken any other action that would
constitute a distribution of the Certificates under the Act or that would
render the disposition of the Certificates a violation of Section 5 of the Act
or any state securities laws or require registration pursuant thereto, and we
will not act, or authorize any person to act, in such manner with respect to
the Certificates, (e) we are a "qualified institutional buyer" as that term is
defined in Rule 144A under the Act. We are aware that the sale to us is being
made in reliance on Rule 144A. We are acquiring the Certificates for our own
account or for resale pursuant to Rule 144A and understand that such
Certificates may be resold, pledged or transferred only (i) to a person
reasonably believed to be a qualified institutional buyer that purchases for
its own account or for the account of a qualified institutional buyer to whom
notice is given that the resale, pledge or transfer is being made in reliance
on Rule 144A or (ii) pursuant to another exemption from registration under the
Act.

                        Very truly yours,

                        [NAME OF TRANSFEREE]

                        By: ______________________________________
                            Authorized Officer

                                      E-1Exhibit 10.1

                                                                  EXECUTION COPY

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

                         SALE AND SERVICING AGREEMENT

                                    between

                       DAIMLERCHRYSLER AUTO TRUST 2006-C
                                    Issuer,

                                      and

               DAIMLERCHRYSLER FINANCIAL SERVICES AMERICAS LLC,
                              Seller and Servicer

                          Dated as of October 1, 2006

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

<PAGE>

                                   ARTICLE I

                                  Definitions

Section 1.01   Definitions...................................................1
Section 1.02   Other Definitional Provisions................................15

                                  ARTICLE II

                           Conveyance of Receivables

Section 2.01   Conveyance of Receivables....................................16
Section 2.02   Conveyance of Fixed Value Payments and Fixed Value
               Finance Charges..............................................17
Section 2.03   Fixed Value Securities.......................................17

                                  ARTICLE III

                                The Receivables

Section 3.01   Representations and Warranties of Seller with
               Respect to the Receivables...................................18
Section 3.02   Repurchase upon Breach.......................................21
Section 3.03   Custody of Receivable Files..................................22
Section 3.04   Duties of Servicer as Custodian..............................22
Section 3.05   Instructions; Authority To Act...............................23
Section 3.06   Custodian's Indemnification..................................23
Section 3.07   Effective Period and Termination.............................23
Section 3.08   Representations and Warranties as to the Security
               Interest of the Issuer in the Receivables....................24

                                  ARTICLE IV

                 Administration and Servicing of Receivables

Section 4.01   Duties of Servicer...........................................24
Section 4.02   Collection and Allocation of Receivable Payments.............25
Section 4.03   Realization upon Receivables.................................25
Section 4.04   Physical Damage Insurance....................................26
Section 4.05   Maintenance of Security Interests in Financed
               Vehicles.....................................................26
Section 4.06   Covenants of Servicer........................................26
Section 4.07   Purchase of Receivables upon Breach..........................26
Section 4.08   Servicing Fee................................................26
Section 4.09   Servicer's Certificate.......................................27
Section 4.10   Annual Statement as to Compliance; Item 1122
               Servicing Criteria Assessment; Notice of Default.............27
Section 4.11   Annual Independent Certified Public Accountants'
               Report.......................................................28

                                      i

<PAGE>

Section 4.12   Access to Certain Documentation and Information
               Regarding Receivables........................................28
Section 4.13   Servicer Expenses............................................29
Section 4.14   Appointment of Subservicer...................................29

                                   ARTICLE V

     Distributions; Reserve Account; Statements to Certificateholders and
                                  Noteholders

Section 5.01   Establishment of Deposit Account.............................29
Section 5.02   Collections..................................................31
Section 5.03   Application of Collections...................................32
Section 5.04   Additional Deposits..........................................32
Section 5.05   Distributions................................................32
Section 5.06   Reserve Account..............................................34
Section 5.07   Statements to Noteholders and Certificateholders.............35
Section 5.08   Net Deposits.................................................35

                                  ARTICLE VI

                                  The Seller

Section 6.01   Representations of Seller....................................35
Section 6.02   Preservation of Existence....................................37
Section 6.03   Liability of Seller; Indemnities.............................37
Section 6.04   Merger or Consolidation of, or Assumption of
               Obligations of, Seller.......................................38
Section 6.05   Limitation on Liability of Seller and Others.................39
Section 6.06   Seller May Own Notes.........................................39

                                  ARTICLE VII

                                 The Servicer

Section 7.01   Representations of Servicer..................................39
Section 7.02   Indemnities of Servicer......................................40
Section 7.03   Merger or Consolidation of, or Assumption of
               Obligations of, Servicer.....................................41
Section 7.04   Limitation on Liability of Servicer and Others...............42
Section 7.05   DCFS Not To Resign as Servicer...............................42

                                 ARTICLE VIII

                                    Default

Section 8.01   Servicer Default.............................................42
Section 8.02   Appointment of Successor.....................................44
Section 8.03   Notification to Noteholders and Certificateholders...........44

                                      ii

<PAGE>

Section 8.04   Waiver of Past Defaults......................................44

                                  ARTICLE IX

                                  Termination

Section 9.01   Optional Purchase of All Receivables.........................45

                                   ARTICLE X

                                 Miscellaneous

Section 10.01  Amendment....................................................45
Section 10.02  Protection of Title to Trust.................................46
Section 10.03  Notices......................................................48
Section 10.04  Assignment by the Seller or the Servicer.....................49
Section 10.05  Limitations on Rights of Others..............................49
Section 10.06  Severability.................................................49
Section 10.07  Separate Counterparts........................................49
Section 10.08  Headings.....................................................49
Section 10.09  Governing Law................................................50
Section 10.10  Assignment by Issuer.........................................50
Section 10.11  Nonpetition Covenants........................................50
Section 10.12  Limitation of Liability of Owner Trustee and
               Indenture Trustee............................................50

                                  ARTICLE XI

                            Exchange Act Reporting

Section 11.01  Further Assurances...........................................51
Section 11.02  Form 10-D Filings............................................51
Section 11.03  Form 8-K Filings.............................................51
Section 11.04  Form 10-K Filings............................................52
Section 11.05  Report on Assessment of Compliance and Attestation...........52
Section 11.06  Back-up Sarbanes-Oxley Certification.........................53
Section 11.07  Use of Subcontractors........................................53
Section 11.08  Representations and Warranties...............................54
Section 11.09  Indemnification..............................................54
Section 11.10  Amendments...................................................55

SCHEDULE A     Schedule of Receivables
SCHEDULE B     Location of Receivable Files
SCHEDULE C     Schedule of YSOA

                                     iii
<PAGE>

EXHIBIT A       Form of Distribution Statement to Noteholders................A-1
EXHIBIT B       Form of Servicer's Certificate...............................B-1

Appendix A      Item 1119 Parties...................................Appendix A-1
Appendix B      Minimum Servicing Criteria Assessment...............Appendix B-1
Appendix C      Performance Certification (Reporting Subcontractor).Appendix C-1
Appendix D      Performance Certification (Servicer)................Appendix D-1

                                      iv

<PAGE>

      SALE AND SERVICING AGREEMENT dated as of October 1, 2006, between
      DAIMLERCHRYSLER AUTO TRUST 2006-C, a Delaware statutory trust (the
      "Issuer"), and DAIMLERCHRYSLER FINANCIAL SERVICES AMERICAS LLC, a
      Michigan limited liability company, as seller and servicer.

     WHEREAS the Issuer desires to purchase a portfolio of receivables arising
in connection with automobile retail installment sale contracts generated by
DaimlerChrysler Financial Services Americas LLC in the ordinary course of
business; and

     WHEREAS DaimlerChrysler Financial Services Americas LLC is willing to
sell such receivables to, and to service such receivables on behalf of, the
Issuer;

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

                                  ARTICLE I

                                  Definitions
                                  -----------

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

     "Amortizing Payment" means, with respect to each Fixed Value Receivable
and each Collection Period prior to the date on which the Fixed Value Payment
relating to such Receivable is due, the amount specified in the applicable
Contract in the payment schedule as the "Amount of Each Payment", except that
in the case of a prepayment, liquidation or repurchase by the Seller or
purchase by the Servicer, the Amortizing Payment shall be equal to the
aggregate "Amount of Each Payment" that has not yet been paid for the period
through and including the last payment prior to the date when the Fixed Value
Payment is due less the amount of the unearned finance charges under the
related Contract allocable to such amount in accordance with the Servicer's
customary procedures.

     "Amortizing Payment Finance Charge" means, with respect to each payment
collected on a Fixed Value Receivable, the finance charge included in such
payment (as determined in accordance with the Servicer's customary procedures)
that is allocable to the related Principal Balance.

     "Amount Financed" means (i) with respect to a Standard Receivable, the
amount advanced under such Standard Receivable toward the purchase price of
the Financed Vehicle and any related costs and (ii) with respect to a Fixed
Value Receivable, an amount equal to the present value of the fixed level
payment monthly installments (not including the amount designated as the Fixed
Value Payment) under such Fixed Value Receivable, assuming that each payment
is made on the due date in the month in which such payment is due, discounted
at the APR for such Fixed Value Receivable.

<PAGE>

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

     "Basic Documents" means the Indenture, the Trust Agreement, the
Administration Agreement and the Purchase Agreement.

     "Certificateholders" has the meaning assigned to such term in the Trust
Agreement.

     "Certificates" has the meaning assigned to such term in the Trust
Agreement.

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

     "Class A-1 Final Scheduled Payment Date" means October 9, 2007.

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

     "Class A-2 Final Scheduled Payment Date" means May 8, 2009.

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

     "Class A-3 Final Scheduled Payment Date" means July 8, 2010.

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

     "Class A-4 Final Scheduled Payment Date" means November 8, 2011.

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

     "Class B Final Scheduled Payment Date" means April 8, 2013.

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

     "Collection Period" means a calendar month (or in the case of the first
Collection Period, the period from but excluding September 7, 2006 to and
including October 31, 2006). The "related Collection Period" for a Payment
Date is the Collection Period ending immediately prior to such Payment Date.
Unless otherwise specified, any amount stated as of the last day of a
Collection Period or as of the first day of a Collection Period shall give
effect to the following calculations as determined as of the close of business
on such last day: (1) all applications of collections and (2) all
distributions to be made on the related Payment Date.

     "Commission" means the Securities and Exchange Commission.

                                      2
<PAGE>

     "Company" means DaimlerChrysler Retail Receivables LLC, a Michigan
limited liability company, and any successor in interest or, if the Rights (as
defined in the Purchase Agreement) have been assigned to a Person that becomes
a transferee in accordance with Section 5.05 of the Purchase Agreement, such
transferee Person and any successor in interest.

     "Contract" means a motor vehicle retail installment sale contract.

     "Corporate Trust Office" means the principal office of the Indenture
Trustee at which at any particular time its corporate trust business shall be
administered, which office at the date of the execution of this Agreement is
located at 60 Wall Street, 26th Floor, MS NYC60-2606, New York, New York
10005, Attention: Structured Finance Services, DCAT 2006-C; or at such other
address as the Indenture Trustee may designate from time to time by notice to
the Noteholders and the Seller, or the principal corporate trust office of any
successor Indenture Trustee (of which address such successor Indenture Trustee
will notify the Noteholders and the Seller).

     "Cutoff Date" means September 7, 2006.

     "DCFS" means DaimlerChrysler Financial Services Americas LLC, a
placeStateMichigan limited liability company, or its successors.

     "Dealer" means the dealer who sold a Financed Vehicle and who originated
and assigned the related Receivable to DCFS under an existing agreement
between such dealer and DCFS.

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

          (a) with respect to bankers' acceptances, commercial paper,
     negotiable certificates of deposit and other obligations that constitute
     "instruments" within the meaning of Section 9-102(a)(47) of the UCC and
     are susceptible of physical delivery, transfer thereof to the Indenture
     Trustee or its nominee or custodian by physical delivery to the Indenture
     Trustee or its nominee or custodian endorsed to, or registered in the
     name of, the Indenture Trustee or its nominee or custodian or endorsed in
     blank, and, with respect to a certificated security (as defined in
     Section 8-102 of the UCC) transfer thereof (i) by delivery of such
     certificated security endorsed to, or registered in the name of, the
     Indenture Trustee or its nominee or custodian or endorsed in blank to a
     securities intermediary (as defined in Section 8-102 of the UCC) and the
     making by such securities intermediary of entries on its books and
     records identifying such certificated securities (as defined in Section
     8-102 of the UCC) of the Indenture Trustee or its nominee or custodian or
     (ii) by delivery thereof to a "clearing corporation" (as defined in
     Section 8-102 of the UCC) and the making by such clearing corporation of
     appropriate entries on its books reducing the appropriate securities
     account of the transferor and increasing the appropriate securities
     account of a securities intermediary by the amount of such certificated
     security, the identification by the clearing corporation on its books and
     records that the certificated securities are credited to the sole and
     exclusive securities account of the securities intermediary, the
     maintenance of such certificated securities by such clearing corporation
     or a custodian or the nominee of such clearing corporation subject to the
     clearing corporation's exclusive control, and the making by such
     securities intermediary of entries on its books and records identifying
     such certificated securities as

                                      3
<PAGE>

     being credited to the securities account of the Indenture Trustee or its
     nominee or custodian (all of the foregoing, "Physical Property"), and, in
     any event, any such Physical Property in registered form shall be in the
     name of the Indenture Trustee or its nominee or custodian; and such
     additional or alternative procedures as may hereafter become appropriate
     to effect the complete transfer of ownership of any such Trust Account
     Property (as defined herein) to the Indenture Trustee or its nominee or
     custodian, consistent with changes in applicable law or regulations or
     the interpretation thereof;

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

          (c) with respect to any item of Trust Account Property that is an
     uncertificated security under Article 8 of the UCC and that is not
     governed by clause (a) above, registration on the books and records of
     the issuer thereof in the name of the securities intermediary, the
     sending of a confirmation by the securities intermediary of the purchase
     by the Indenture Trustee or its nominee or custodian of such
     uncertificated security, the making by such securities intermediary of
     entries on its books and records identifying such uncertificated
     certificates as belonging to the Indenture Trustee or its nominee or
     custodian.

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

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

                                      4
<PAGE>

     "Eligible Institution" means (a) a depository institution organized under
the laws of the United States of America or any one of the states thereof or
the District of Columbia (or any domestic branch of a foreign bank), which (i)
has either (A) a long-term unsecured debt rating of "A1" or better by Moody's
and "AAA" by Standard & Poor's or (B) a certificate of deposit rating of "P-1"
by Moody's and "A-1+" by Standard & Poor's, or any other long-term, short-term
or certificate of deposit rating acceptable to the Rating Agencies and (ii)
whose deposits are insured by the FDIC or (b) the corporate trust department
of the Indenture Trustee or the Owner Trustee. If so qualified, the Indenture
Trustee or the Owner Trustee may be considered an Eligible Institution for the
purposes of clause (a) of this definition.

     "Eligible Investments" means, subject to the last sentence below of this
definition, book-entry securities, negotiable instruments or securities
represented by instruments in bearer or registered form which evidence:

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

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

          (c) commercial paper, variable amount notes or other short term debt
     obligations having, at the time of the investment or contractual
     commitment to invest therein, a rating from each of the Rating Agencies
     in the highest applicable rating category granted thereby;

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

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

          (f) repurchase obligations with respect to any security that is a
     direct obligation of, or fully guaranteed by, the United States of
     America or any agency or instrumentality thereof the obligations of which
     are backed by the full faith and credit of the United States of America,
     in either case entered into with a depository institution or trust
     company (acting as principal) described in clause (b);

                                      5
<PAGE>

          (g) repurchase obligations with respect to any security or whole
     loan, entered into with (i) a depository institution or trust company
     (acting as principal) described in clause (b) above (except that the
     rating referred to in the proviso in such clause (b) shall be "A-1" or
     higher in the case of Standard & Poor's) (such depository institution or
     trust company being referred to in this definition as a "financial
     institution"), (ii) a broker/dealer (acting as principal) registered as a
     broker or dealer under Section 15 of the Exchange Act (a "broker/dealer")
     the unsecured short-term debt obligations of which are rated at least
     "P-1" by Moody's and at least "A-1" by Standard & Poor's at the time of
     entering into such repurchase obligation (a "rated broker/dealer"), (iii)
     an unrated broker/dealer (an "unrated broker/dealer"), acting as
     principal, that is a wholly-owned subsidiary of a non-bank holding
     company the unsecured short-term debt obligations of which are rated
     "P-1" by Moody's and at least "A-1" by Standard & Poor's at the time of
     entering into such repurchase obligation (a "Rated Holding Company") or
     (iv) an unrated subsidiary (a "Guaranteed Counterparty"), acting as
     principal, that is a wholly-owned subsidiary of a direct or indirect
     parent Rated Holding Company, which guarantees such subsidiary's
     obligations under such repurchase agreement; provided that the following
     conditions are satisfied:

               (A) the aggregate amount of funds invested in repurchase
          obligations of a financial institution, a rated broker/dealer, an
          unrated broker/dealer or Guaranteed Counterparty in respect of which
          the Standard & Poor's unsecured short-term ratings are "A-1" (in the
          case of an unrated broker/dealer or Guaranteed Counterparty, such
          rating being that of the related Rated Holding Company) shall not
          exceed 20% of the sum of the then outstanding principal amount of
          the Notes (there being no limit on the amount of funds that may be
          invested in repurchase obligations in respect of which such Standard
          & Poor's rating is "A-1+" (in the case of an unrated broker/dealer
          or Guaranteed Counterparty, such rating being that of the related
          Rated Holding Company));;

               (B) in the case of the amount allocated to the Reserve Account,
          the rating from Standard & Poor's in respect of the unsecured
          short-term debt obligations of the financial institution, rated
          broker/dealer, unrated broker/dealer or Guaranteed Counterparty (in
          the case of an unrated broker/dealer or Guaranteed Counterparty,
          such rating being that of the related Rated Holding Company) shall
          be "A-1+";

               (C) the repurchase obligation must mature within 30 days of the
          date on which the Indenture Trustee or the Issuer, as applicable,
          enters into such repurchase obligation;

               (D) the repurchase obligation shall not be subordinated to any
          other obligation of the related financial institution, rated
          broker/dealer, unrated broker/dealer or Guaranteed Counterparty;

                                      6
<PAGE>

               (E) the collateral subject to the repurchase obligation is
          held, in the appropriate form, by a custodial bank on behalf of the
          Indenture Trustee or the Issuer, as applicable;

               (F) the repurchase obligation shall require that the collateral
          subject thereto shall be marked to market daily;

               (G) in the case of a repurchase obligation of a Guaranteed
          Counterparty, the following conditions shall also be satisfied:

                    (i) the Indenture Trustee or the Issuer, as applicable,
               shall have received an opinion of counsel (which may be
               in-house counsel) to the effect that the guarantee of the
               related Rated Holding Company is a legal, valid and binding
               agreement of the Rated Holding Company, enforceable in
               accordance with its terms, subject as to enforceability to
               bankruptcy, insolvency, reorganization and moratorium or other
               similar laws affecting creditors' rights generally and to
               general equitable principles;

                    (ii) the Indenture Trustee or the Issuer, as applicable,
               shall have received (x) an incumbency certificate for the
               signer of such guarantee, certified by an officer of such Rated
               Holding Company and (y) a resolution, certified by an officer
               of the Rated Holding Company, of the board of directors (or
               applicable committee thereof) of the Rated Holding Company
               authorizing the execution, delivery and performance of such
               guarantee by the Rated Holding Company;

                    (iii) the only conditions to the obligation of such Rated
               Holding Company to pay on behalf of the Guaranteed Counterparty
               shall be that the Guaranteed Counterparty shall not have paid
               under such repurchase obligation when required (it being
               understood that no notice to, demand on or other action in
               respect of the Guaranteed Counterparty is necessary) and that
               the Indenture Trustee or the Issuer shall make a demand on the
               Rated Holding Company to make the payment due under such
               guarantee;

                    (iv) the guarantee of the Rated Holding Company shall be
               irrevocable with respect to such repurchase obligation and
               shall not be subordinated to any other obligation of the Rated
               Holding Company;

                    (v) each of Standard & Poor's and Moody's has confirmed in
               writing to the Indenture Trustee or Issuer, as applicable, that
               it has reviewed the form of the guarantee of the Rated Holding
               Company and has determined that the issuance of such guarantee
               will not result in the downgrade or withdrawal of the ratings
               assigned to the Notes; and

               (H) the repurchase obligation shall require that the repurchase
          obligation be overcollateralized and shall provide that, upon any
          failure to maintain such overcollateralization, the repurchase
          obligation shall become due and payable,

                                      7
<PAGE>

          and unless the repurchase obligation is satisfied immediately, the
          collateral subject to the repurchase agreement shall be liquidated
          and the proceeds applied to satisfy the unsatisfied portion of the
          repurchase obligation; or

          (h) any other investment with respect to which the Issuer or the
     Servicer has received written notification from the Rating Agencies that
     the acquisition of such investment as an Eligible Investment will not
     result in a withdrawal or downgrading of the ratings assigned to the
     Notes.

     "Exchange Act" means the Securities Exchange Act of 1934, as amended.

     "FDIC" means the Federal Deposit Insurance Corporation.

     "Final Scheduled Maturity Date" means April 8, 2013.

     "Financed Vehicle" means an automobile or light-duty truck, together with
all accessions thereto, securing an Obligor's indebtedness under the
respective Standard Receivable or Fixed Value Receivable.

     "Fixed Value Finance Charge" means, with respect to each payment
collected on a Fixed Value Receivable, the finance charge included in such
payment (as determined in accordance with the Servicer's customary procedures)
that is allocable to the related Fixed Value Payment.

     "Fixed Value Payment" means, with respect to each Fixed Value Receivable,
the amount specified on the applicable Contract as the "Amount of Fixed Value
Payment" reduced (i) in the case of a prepayment or repurchase, by the amount
of the unearned finance charges under the Contract allocable to such payment
in accordance with the Servicer's customary procedures and (ii) in the case of
a liquidation, by the excess of Liquidation Proceeds collected by the Servicer
over the Amortizing Payment on such date.

     "Fixed Value Receivable" means any Contract listed on Schedule A (which
Schedule may be in the form of microfiche) that provides for amortization of
the loan over a series of fixed level payment monthly installments in
accordance with the simple interest method, but also requires a final payment
that is greater than the scheduled monthly payments and is due after payment
of such scheduled monthly payments and that may be made by (i) payment in full
in cash of a fixed value amount, (ii) return of the Financed Vehicle to the
Servicer provided certain conditions are satisfied or (iii) refinancing the
final fixed value payment in accordance with specified conditions. No Fixed
Value Receivables will be transferred to the Trust.

     "Fixed Value Securities" has the meaning assigned to such term in Section
2.03.

     "Form 10-D Disclosure Item" means with respect to any Person, any
litigation or governmental proceedings pending against such Person, or any of
the Issuer, the Seller, the Indenture Trustee, the Owner Trustee or the
Servicer if such Person, or in the case of the Owner Trustee or Indenture
Trustee, a Responsible Officer of such Person, has actual knowledge thereof,
in each case that would be material to the Noteholders.

                                      8
<PAGE>

     "Form 10-K Disclosure Item" means with respect to any Person, (a) any
Form 10-D Disclosure Item, (b) any affiliations between such Person and any
Item 1119 Party, to the extent such Person, or in the case of the Owner
Trustee or Indenture Trustee, a Responsible Officer of such Person, has actual
knowledge thereof and (c) any relationships or transactions between such
Person and any Item 1119 Party that are outside the ordinary course of
business or on terms other than would be obtained in an arm's-length
transaction with an unrelated third party, apart from the transactions
contemplated under the Basic Documents, and that are material to the
investors' understanding of the Notes, but only to the extent such Person, or
in the case of the Owner Trustee or Indenture Trustee, a Responsible Officer
of such Person, has actual knowledge of such relationships or transactions.

     "Indenture" means the Indenture dated as of October 1, 2006, between the
Issuer and the Indenture Trustee.

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

     "Initial Overcollateralization Amount" means $35,478,884.50.

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

     "Investment Earnings" means, with respect to any Payment Date, the
investment earnings (net of losses and investment expenses), if any, on
amounts on deposit in the Deposit Account to be applied on such Payment Date
pursuant to Section 5.01(b).

     "Issuer" means DaimlerChrysler Auto Trust 2006-C.

     "Item 1119 Party" means a party identified on Appendix A to this
Agreement.

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

                                      9
<PAGE>

     "Liquidated Receivable" means any Receivable liquidated by the Servicer
through the sale of a Financed Vehicle or otherwise.

     "Liquidation Proceeds" means, with respect to any Liquidated Receivable,
the moneys collected in respect thereof, from whatever source on a Liquidated
Receivable during the Collection Period in which such Receivable became a
Liquidated Receivable, net of the sum of any amounts expended by the Servicer
in connection with such liquidation and any amounts required by law to be
remitted to the Obligor on such Liquidated Receivable.

     "Moody's" means Moody's Investors Service, Inc., or its successor.

     "Note Principal Distribution Account" means the subaccount that is part
of the Deposit Account and is designated as such, established and maintained
pursuant to Section 5.01.

     "Notes" means the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes,
Class A-4 Notes and Class B Notes.

     "Obligor" on a Receivable means the purchaser or co-purchasers of the
Financed Vehicle and any other Person who owes payments under the Receivable.

     "Officer's Certificate" means a certificate signed by the chairman of the
board, any vice president, the controller or any assistant controller, the
president, a treasurer, assistant treasurer, secretary or assistant secretary
of the Seller, the Company or the Servicer, as appropriate.

     "OMSC Receivable" means any Standard Receivable acquired by DCFS from the
Overseas Military Sales Corporation, or its successor.

     "Opinion of Counsel" means one or more written opinions of counsel, who
may be an employee of or counsel to the Seller, the Company or the Servicer,
which counsel shall be acceptable to the Indenture Trustee, the Owner Trustee
or the Rating Agencies, as applicable.

     "Original Pool Balance" means $2,200,000,784.63.

     "Overcollateralization Amount" means, with respect to any Payment Date,
(i) the Related Pool Balance minus (ii) the Securities Amount minus (iii) the
YSOA.

     "Owner Trust Estate" has the meaning assigned to such term in the Trust
Agreement.

     "Owner Trustee" means the Person acting as Owner Trustee under the Trust
Agreement, its successors in interest and any successor owner trustee under
the Trust Agreement.

     "Payment Date" means, with respect to each Collection Period, the eighth
day of the following month or, if such day is not a Business Day, the
immediately following Business Day, commencing on November 8, 2006.

     "Payment Determination Date" means, with respect to any Payment Date, the
Business Day immediately preceding such Payment Date.

                                      10
<PAGE>

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

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

     "Pool Balance" means, as of the close of business on the last day of a
Collection Period, the aggregate Principal Balance of the Receivables as of
such day (excluding Purchased Receivables and Liquidated Receivables).

     "Principal Balance" of a Receivable, as of the close of business on any
date of determination, means the Amount Financed minus the sum of (i) the
portion of all payments made by or on behalf of the related Obligor on or
prior to such day and allocable to principal using the Simple Interest Method
and (ii) the principal portion of the Purchase Amount paid with respect to the
Receivable.

     "Priority Principal Distribution Amount" means, with respect to a Payment
Date, the excess, if any, of (i) the Outstanding Amount of the Class A Notes
immediately prior to such Payment Date over (ii) (a) the Related Pool Balance
minus (b) the YSOA for such Payment Date.

     "Purchase Agreement" means the Purchase Agreement dated as of October 1,
2006, between the Seller and the Company.

     "Purchase Amount" means the amount, as of the close of business on the
last day of a Collection Period, required to prepay in full a Receivable under
the terms thereof including interest to the end of the month of purchase.

     "Purchased Receivable" means a Receivable purchased as of the close of
business on the last day of a Collection Period by the Servicer pursuant to
Section 4.07 or by the Seller pursuant to Section 3.02.

     "Rating Agency" means Standard & Poor's and Moody's or, if no such
organization or successor is any longer in existence, a nationally recognized
statistical rating organization or other comparable Person designated by the
Seller, notice of which designation shall be given to the Indenture Trustee,
the Owner Trustee and the Servicer.

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

     "Receivable" means (i) any Standard Receivable and (ii) the Amortizing
Payments with respect to any Fixed Value Receivable.

     "Receivable Files" means the documents specified in Section 3.03.

                                      11
<PAGE>

     "Regulation AB" means subpart 229.1100 - Asset Backed Securities
(Regulation AB), 17 C.F.R. ss.ss.229.1100-229.1123, as such may be amended
from time to time, and subject to such clarification and interpretation as
have been provided by the Commission in the adopting release (Asset-Backed
Securities, Securities Act Release No. 33-8518, 70 Fed. Reg. 1,506, 1,531
(Jan. 7, 2005)) or by the staff of the Commission, or as may be provided by
the Commission or its staff from time to time.

     "Reportable Event" means any event required to be reported on Form 8-K,
and in any event, the following:

          (a) entry into a definitive agreement related to the Issuer, the
     Notes or the Receivables, or an amendment to a Basic Document, even if
     the Seller is not a party to such agreement (e.g., a servicing agreement
     with a servicer contemplated by Item 1108(a)(3) of Regulation AB), it
     being understood that the event specified in this clause (a) shall not
     apply to a Person other than the Seller if the Seller is a party to such
     agreement;

          (b) termination of a Basic Document (other than by expiration of the
     agreement on its stated termination date or as a result of all parties
     completing their obligations under such agreement), even if the Seller is
     not a party to such agreement (e.g., a servicing agreement with a
     servicer contemplated by Item 1108(a)(3) of Regulation AB), it being
     understood that the event specified in this clause (b) shall not apply to
     a Person other than the Seller if the Seller is a party to such
     agreement;

          (c) with respect to the Servicer only, the occurrence of a Servicing
     Termination Event or an Event of Default;

          (d) the resignation, removal, replacement, substitution of the
     Indenture Trustee, the Owner Trustee or any Co-Trustee only as applicable
     to each party;

          (e) with respect to the Indenture Trustee only, a required
     distribution to holders of the Notes is not made as of the required
     Payment Date under the Indenture; and

          (f) with respect to the Servicer only, if the Servicer becomes aware
     of any bankruptcy or receivership of the Seller, the Indenture Trustee,
     the Owner Trustee, any enhancement or support provider contemplated by
     Item 1114(b) or 1115 of Regulation AB, or other material party
     contemplated by Item 1101(d)(1) of Regulation AB.

     "Reporting Subcontractor" means with respect to a Person, any
Subcontractor determined by such Person pursuant to Section 11.07 to be
"participating in the servicing function" within the meaning of Item 1122 of
Regulation AB. References to a Reporting Subcontractor shall refer only to the
Subcontractor of such Person and shall not refer to Subcontractors generally.

     "Related Pool Balance" means, with respect to any Payment Date, the Pool
Balance as of the end of the related Collection Period.

                                      12
<PAGE>

     "Required Principal Distribution Amount" means, with respect to a Payment
Date, the greater of (i) the Outstanding Amount of the Class A-1 Notes
immediately prior to such Payment Date and (ii) the excess, if any, of (a) the
Outstanding Amount of the Notes immediately prior to such Payment Date over
(b) (I) the Related Pool Balance for such Payment Date minus (II) the YSOA for
such Payment Date minus (III) the Target Overcollateralization Amount for such
Payment Date.

     "Reserve Account" means the subaccount that is part of the Deposit
Account and is designated as such, established and maintained pursuant to
Section 5.01.

     "Reserve Account Initial Deposit" means the initial deposit of cash and
Eligible Investments in the amount of $5,067,250 made by the Seller into the
Deposit Account on the Closing Date.

     "Securities Act" means the Securities Act of 1933, as amended.

     "Securities Amount" means, with respect to any Payment Date, the sum of
the aggregate Outstanding Amount of the Notes after giving effect to payments
of principal made on the Notes on such Payment Date.

     "Seller" means DCFS and its successors in interest to the extent
permitted hereunder.

     "Servicer" means DCFS, as the servicer of the Receivables, and each
successor to DCFS (in the same capacity) pursuant to Section 7.03 or 8.02.

     "Servicer Default" means an event specified in Section 8.01.

     "Servicer's Certificate" means a certificate of the Servicer delivered
pursuant to Section 4.09, substantially in the form of Exhibit B.

     "Servicing Criteria" means the servicing criteria set forth in Item
1122(d) of Regulation AB.

     "Servicing Fee" means the fee payable to the Servicer for services
rendered during each Collection Period, determined pursuant to Section 4.08.

     "Servicing Fee Rate" means 1/12 of 1.00%.

     "Simple Interest Method" means the method of allocating a fixed level
payment to principal and interest, pursuant to which the portion of such
payment that is allocated to interest is equal to the product of the fixed
rate of interest multiplied by the unpaid principal balance multiplied by a
fraction, the numerator of which is the number of days elapsed since the
preceding payment of interest was made, the denominator of which is 365, and
the remainder of such payment is allocable to principal.

                                      13
<PAGE>

     "Simple Interest Receivable" means any Receivable under which the portion
of a payment allocable to interest and the portion allocable to principal is
determined in accordance with the Simple Interest Method.

     "Specified Reserve Amount" means, with respect to any Payment Date, an
amount equal to the Reserve Account Initial Deposit.

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

     "Standard Receivable" means any Contract listed on Schedule A (which
Schedule may be in the form of microfiche) that is not a Fixed Value
Receivable.

     "Subcontractor" means any vendor, subcontractor or other Person that is
not responsible for the overall servicing (as "servicing" is commonly
understood by participants in the asset-backed securities market) of
Receivables but performs one or more discrete functions identified in Item
1122(d) of Regulation AB with respect to the Receivables under the direction
or authority of the Servicer or the Indenture Trustee.

     "Target Overcollateralization Amount" means, with respect to a Payment
Date, the greater of (A) the product of 5.00% times P and (B) the OC Floor,
where:

     P = (a) the Related Pool Balance for such Payment Date minus (b) the
         YSOA for such Payment Date

     OC Floor = the lesser of (a) P and (b) the product of 1.25% times Pi

     Pi = the Original Pool Balance minus the initial YSOA

     "Total Distribution Amount" means, for any Payment Date and the
Collection Period preceding such Payment Date, the sum of the following
amounts, without duplication: (a) all collections on Receivables (including
payments relating to refunds of extended warranty protection plan costs or of
physical damage, credit life or disability insurance policy premiums, but only
to the extent that such costs or premiums were financed by the respective
obligor as of the date of the related Contract), (b) all Liquidation Proceeds
of Receivables that became Liquidated Receivables in accordance with the
Servicer's customary servicing procedures, (c) the Purchase Amount of each
Receivable that became a Purchased Receivable in such Collection Period and
(d) Investment Earnings deposited in the Deposit Account during such
Collection Period.

     "Trust" means the Issuer.

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

                                      14
<PAGE>

     "Trust Agreement" means the Amended and Restated Trust Agreement dated as
of October 1, 2006, among the Seller, the Company and the Owner Trustee.

     "Trust Officer" means, in the case of the Indenture Trustee, any Officer
within the Corporate Trust Office of the Indenture Trustee, including any
Managing Director, Director, Vice President, Assistant Vice President,
Associate Secretary, Assistant Secretary or any other officer of the Indenture
Trustee customarily performing functions similar to those performed by any of
the above designated officers and also, with respect to a particular matter,
any other officer to whom such matter is referred because of such officer's
knowledge of and familiarity with the particular subject and, with respect to
the Owner Trustee, any officer or any agent acting pursuant to a power of
attorney by the Owner Trustee in the Corporate Trust Administration Department
of the Owner Trustee with direct responsibility for the administration of the
Trust Agreement and the Basic Documents on behalf of the Owner Trustee.

     "YSOA" means, with respect to a Payment Date, the dollar amount set forth
opposite such Payment Date in Schedule YSOA; provided that the YSOA for a
Payment Date shall not be greater than the Related Pool Balance for such
Payment Date.

     Section 1.02 Other Definitional Provisions. (a) Capitalized terms used
herein and not otherwise defined herein shall have the meanings assigned to
them in the Indenture.

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

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

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

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

                                      15
<PAGE>

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

     (g) For all purposes of this Agreement and the Basic Documents, interest
with respect to all Classes of Notes other than the Class A-1 Notes shall be
computed on the basis of a 360-day year consisting of twelve 30-day months;
and interest with respect to the Class A-1 Notes shall be computed on the
basis of the actual number of days in each applicable Class A-1 Interest
Accrual Period divided by 360.

                                  ARTICLE II

                           Conveyance of Receivables

     Section 2.01 Conveyance of Receivables. In consideration of the Issuer's
delivery to or upon the order of the Seller of $1,514,633,318.03 (which amount
represents the Original Pool Balance less (i) the Reserve Account Initial
Deposit, (ii) the Initial Overcollateralization Amount, (iii) the initial
YSOA, (iv) the Class A-1 Principal Balance and (v) certain other discounts and
expenses of the Issuer), the Seller does hereby sell, transfer, assign, set
over and otherwise convey to the Issuer, without recourse (subject to the
obligations of the Seller set forth herein), all right, title and interest of
the Seller in and to:

          (a) the Receivables and all moneys received thereon after September
     7, 2006;

          (b) the security interests in the Financed Vehicles granted by
     Obligors pursuant to the Receivables and any other interest of the Seller
     in such Financed Vehicles;

          (c) any proceeds with respect to the Receivables from claims on any
     physical damage, credit life or disability insurance policies covering
     Financed Vehicles or Obligors;

          (d) any proceeds from recourse to Dealers with respect to
     Receivables with respect to which the Servicer has determined in
     accordance with its customary servicing procedures that eventual payment
     in full is unlikely;

          (e) any Financed Vehicle that shall have secured a Receivable and
     shall have been acquired by or on behalf of the Seller, the Servicer, the
     Company or the Trust;

          (f) all funds on deposit from time to time in the Deposit Account
     (including without limitation any subaccount thereof), including the
     Reserve Account Initial Deposit, and in all investments and proceeds
     thereof (including all income thereon); and

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

                                      16
<PAGE>

          The Seller hereby directs the Issuer to issue the Certificates to
     the Company. The Seller and the Issuer acknowledge that $504,000,000 of
     the purchase price of the Receivables owed by the Issuer to the Seller
     pursuant to this Section 2.01 (which amount is not included in the first
     sentence of Section 2.01) shall be offset by the Issuer against delivery
     of the Class A-1 Notes to the order of the Seller.

     Section 2.02 Conveyance of Fixed Value Payments and Fixed Value Finance
Charges. Promptly following the transfer to the Issuer of the Receivables on
the Closing Date, the Issuer shall, without further action hereunder, be
deemed to sell, transfer, assign, set over and otherwise convey to the Seller,
effective as of the Closing Date, without recourse, representation or
warranty, all the right, title and interest of the Issuer in and to the Fixed
Value Payments and the Fixed Value Finance Charges, if any, all monies due and
to become due and all amounts received with respect thereto and all proceeds
thereof, subject to Section 5.03(b).

     Section 2.03 Fixed Value Securities. (a) At any time after the Closing
Date, at the option of the Seller and upon 10 days prior notice to the Owner
Trustee and the Indenture Trustee, the Seller will be permitted to sell to the
Issuer, and the Issuer shall be obligated to purchase from the Seller (subject
to the availability of funds), all or any portion of the Fixed Value Payments
and/or Fixed Value Finance Charges, if any, subject to the terms and
conditions described below. Upon any such sale, (x) the Seller and the Owner
Trustee will enter into an amendment to this Agreement and the Basic Documents
to provide for, at the election of the Seller, the issuance of certificates
representing ownership interests in the Trust to the extent of such Fixed
Value Payments and/or Fixed Value Finance Charges or the issuance of
indebtedness by the Issuer secured by such Fixed Value Payments (collectively,
the "Fixed Value Securities") and to make any other provisions herein or
therein that are necessary or desirable in connection therewith and (y) the
Owner Trustee will enter into any other agreements or instruments related
thereto as requested by the Seller; provided, however, that the Owner Trustee
may, but shall not be obligated to, enter into any such amendment, agreement
or instrument that affects the Owner Trustee's own rights, duties or
immunities under this Agreement or any other Basic Document; and provided,
further, that the obligation of the Issuer to purchase such Fixed Value
Payments and/or Fixed Value Finance Charges and of the Owner Trustee to enter
into any such amendment or other agreement or instrument is subject to the
following conditions precedent:

          (i) such amendment and other agreements and instruments, in forms
     satisfactory to the Owner Trustee and, in the case of amendments or
     agreements to be executed and delivered by the Indenture Trustee, in
     forms satisfactory to the Indenture Trustee, shall have been executed by
     each other party thereto and delivered to the Owner Trustee or the
     Indenture Trustee as appropriate;

          (ii) the Seller shall have delivered to the Owner Trustee and the
     Indenture Trustee an Officer's Certificate and an Opinion of Counsel to
     the effect that each condition precedent (including the requirement with
     respect to all required filings) provided by this Section has been
     complied with and such amendment or other agreement or instrument is
     authorized or permitted by this Agreement;

                                      17
<PAGE>

          (iii) the Rating Agency Condition shall have been satisfied with
     respect to such sale and issuance;

          (iv) such sale and issuance and such amendment or other agreement or
     instrument shall not adversely affect in any material respect the
     interest of any Noteholder or Certificateholder, and the Seller shall
     have provided to the Owner Trustee and the Indenture Trustee an Officer's
     Certificate to such effect;

          (v) the Owner Trustee and the Indenture Trustee shall have received
     an Opinion of Counsel to the effect that such sale and issuance will not
     have any material tax consequence to any Noteholder or Certificateholder;
     and

          (vi) all filings and other actions required to continue the first
     perfected interest of the Trust in the Owner Trust Estate and the
     Indenture Trustee in the Collateral shall have been duly made or taken by
     the Seller.

     (b) Except as described in Section 10.04, the Seller will not sell,
transfer, assign, set over or otherwise convey the Fixed Value Payments and
Fixed Value Finance Charges other than to the Issuer pursuant to paragraph
(a).

                                  ARTICLE III

                                The Receivables
                                ---------------

     Section 3.01 Representations and Warranties of Seller with Respect to the
Receivables. The Seller makes the following representations and warranties as
to the Receivables on which the Issuer is deemed to have relied in acquiring
the Receivables. Such representations and warranties speak as of the execution
and delivery of this Agreement and as of the Closing Date, but shall survive
the sale, transfer and assignment of the Receivables to the Issuer and the
pledge thereof to the Indenture Trustee pursuant to the Indenture.

          (a) Characteristics of Receivables. Each Standard Receivable and
     Fixed Value Receivable (A) was originated in the United States of America
     by a Dealer for the retail sale of a Financed Vehicle in the ordinary
     course of such Dealer's business, was fully and properly executed by the
     parties thereto, was purchased by the Seller from such Dealer under an
     existing dealer agreement, (B) has created or shall create a valid,
     subsisting and enforceable first priority security interest in favor of
     the Seller and is assignable by the Seller to the Issuer and by the
     Issuer to the Indenture Trustee, (C) contains customary and 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, and (D) generally provides for level monthly payments
     (provided, that the payment in the first or last month in the life of the
     Standard Receivable or Fixed Value Receivable may be minimally different
     from the level payments and that the payment in the last month of a Fixed
     Value Receivable may be a Fixed Value Payment) that fully amortize the
     Amount Financed by maturity and yield interest at the Annual Percentage
     Rate. No Receivable conveyed to the Issuer on the Closing Date is an OMSC
     Receivable or has forced-placed physical damage insurance.

                                      18
<PAGE>

          (b) Schedule of Receivables. The information set forth in Schedule A
     to this Agreement is true and correct in all material respects as of the
     close of business on the applicable Cutoff Date, and no selection
     procedures believed to be adverse to the Noteholders or
     Certificateholders were utilized in selecting the Receivables. The
     computer tape or other listing regarding the Standard Receivables and the
     Fixed Value Receivables made available to the Issuer and its assigns
     (which computer tape or other listing is required to be delivered as
     specified herein) is true and correct in all respects.

          (c) Compliance with Law. Each Standard Receivable and Fixed Value
     Receivable and the sale of the Financed Vehicle complied at the time it
     was originated or made and, at the execution of this Agreement, complies
     in all material respects with all requirements of applicable federal,
     state and local laws and regulations thereunder, including usury laws,
     the federal Truth-in-Lending Act, the Equal Credit Opportunity Act, the
     Fair Credit Reporting Act, the Fair Debt Collection Practices Act, the
     Federal Trade Commission Act, the Magnuson-Moss Warranty Act, the Federal
     Reserve Board's Regulations B and Z, the Texas Consumer Credit Code and
     State adaptations of the National Consumer Act and of the Uniform
     Consumer Credit Code, and other consumer credit laws and equal credit
     opportunity and disclosure laws.

          (d) Binding Obligation. Each Standard Receivable and Fixed Value
     Receivable represents the genuine, legal, valid and binding payment
     obligation in writing of the Obligor, enforceable by the holder thereof
     in accordance with its terms.

          (e) No Government Obligor. None of the Standard Receivables or Fixed
     Value Receivables is due from the United States of America or any State
     or from any agency, department or instrumentality of the United States of
     America or any State.

          (f) Security Interest in Financed Vehicle. Immediately prior to the
     sale, assignment and transfer thereof, each Standard Receivable and Fixed
     Value Receivable shall be secured by a validly perfected first security
     interest in the Financed Vehicle in favor of the Seller as secured party
     or all necessary and appropriate actions have been commenced that would
     result in the valid perfection of a first security interest in the
     Financed Vehicle in favor of the Seller as secured party.

          (g) Receivables in Force. No Standard Receivable or Fixed Value
     Receivable has been satisfied, subordinated or rescinded, nor has any
     Financed Vehicle been released from the lien granted by the related
     Standard Receivable or Fixed Value Receivable in whole or in part.

          (h) No Amendments. No Standard Receivable or Fixed Value Receivable
     has been amended such that the amount of the Obligor's scheduled payments
     has been increased.

          (i) No Waiver. No provision of a Standard Receivable or Fixed Value
     Receivable has been waived.

                                      19
<PAGE>

          (j) No Defenses. No right of rescission, setoff, counterclaim or
     defense has been asserted or threatened with respect to any Standard
     Receivable or Fixed Value Receivable.

          (k) No Liens. To the best of the Seller's knowledge, no liens or
     claims have been filed for work, labor or materials relating to a
     Financed Vehicle that are liens prior to, or equal to or coordinate with,
     the security interest in the Financed Vehicle granted by any Standard
     Receivable or Fixed Value Receivable.

          (l) No Default. No Standard Receivable or Fixed Value Receivable has
     a payment that is more than 30 days overdue as of the related Cutoff
     Date, and, except as permitted in this paragraph, no default, breach,
     violation or event permitting acceleration under the terms of any
     Standard Receivable or Fixed Value Receivable has occurred; and no
     continuing condition that with notice or the lapse of time would
     constitute a default, breach, violation or event permitting acceleration
     under the terms of any Standard Receivable or Fixed Value Receivable has
     arisen; and the Seller has not waived and shall not waive any of the
     foregoing.

          (m) Insurance. The Seller, in accordance with its customary
     procedures, has determined that, at the origination of the Standard
     Receivable or Fixed Value Receivable, the Obligor had obtained physical
     damage insurance covering the Financed Vehicle and under the terms of the
     Standard Receivable and Fixed Value Receivable the Obligor is required to
     maintain such insurance.

          (n) Title. It is the intention of the Seller that the transfer and
     assignment herein contemplated constitute a sale of the Standard
     Receivables and Fixed Value Receivables from the Seller to the Issuer and
     that the beneficial interest in and title to the Standard Receivables and
     Fixed Value Receivables not be part of the debtor's estate in the event
     of the filing of a bankruptcy petition by or against the Seller under any
     bankruptcy law. No Standard Receivable or Fixed Value Receivable has been
     sold, transferred, assigned or pledged by the Seller to any Person other
     than the Issuer. Immediately prior to the transfer and assignment herein
     contemplated, the Seller had good and marketable title to each Standard
     Receivable and Fixed Value Receivable free and clear of all Liens,
     encumbrances, security interests and rights of others and, immediately
     upon the transfer thereof, the Issuer shall have good and marketable
     title to each Standard Receivable and Fixed Value Receivable, free and
     clear of all Liens, encumbrances, security interests and rights of
     others; and the transfer has been perfected under the UCC.

          (o) Lawful Assignment. No Standard Receivable or Fixed Value
     Receivable has been originated in, or is subject to the laws of, any
     jurisdiction under which the sale, transfer and assignment of such
     Standard Receivable or Fixed Value Receivable or any Receivable under
     this Agreement or the Indenture is unlawful, void or voidable.

          (p) All Filings Made. All filings (including UCC filings) necessary
     in any jurisdiction to give the Issuer a first perfected ownership
     interest in the Standard

                                      20
<PAGE>

     Receivable and Fixed Value Receivables, and to give the Indenture Trustee
     a first perfected security interest therein, shall have been made.

          (q) One Original. There is only one original executed copy of each
     Standard Receivable and Fixed Value Receivable.

          (r) Maturity of Receivables. Each Standard Receivable and Fixed
     Value Receivable has a final maturity date on or before September 6,
     2012.

          (s) Scheduled Payments. (A) Each Standard Receivable and Fixed Value
     Receivable has a first scheduled due date on or prior to the end of the
     month following the related Cutoff Date and (B) no Standard Receivable or
     Fixed Value Receivable has a payment that is more than 30 days overdue as
     of the related Cutoff Date, and has a final scheduled payment date no
     later than the Final Scheduled Maturity Date.

          (t) Location of Receivable Files. The Receivable Files are kept at
     one or more of the locations listed in Schedule B.

          (u) Remaining Maturity. The latest scheduled maturity of any
     Standard Receivable or Fixed Value Receivable shall be no later than the
     Final Scheduled Maturity Date.

          (v) Outstanding Principal Balance. Each Standard Receivable and
     Fixed Value Receivable has an outstanding principal balance of at least
     $1,000.00.

          (w) No Bankruptcies. No Obligor on any Standard Receivable or Fixed
     Value Receivable as of the related Cutoff Date was noted in the related
     Receivable File as the subject of a bankruptcy proceeding.

          (x) No Repossessions. No Financed Vehicle securing any Standard
     Receivable or Fixed Value Receivable is in repossession status.

          (y) Chattel Paper. Each Standard Receivable and Fixed Value
     Receivable constitutes "tangible chattel paper" as defined in the UCC.

          (z) Agreement. The representations of the Seller in Section 6.01 are
     true and correct.

          (aa) Financing. As of the Cutoff Date, approximately 91.04% of the
     aggregate principal balance of the Receivables, constituting
     approximately 85.91% of the number of Receivables, represents new
     vehicles; all of the Receivables are Simple Interest Receivables; and
     none of the Receivables are Fixed Value Receivables. The aggregate
     principal balance of the Receivables, as of the Cutoff Date is
     $2,200,000,784.63.

     Section 3.02 Repurchase upon Breach. The Seller, the Servicer or the
Owner Trustee, as the case may be, shall inform the other parties to this
Agreement and the Indenture Trustee promptly, in writing, upon the discovery
of any breach of the Seller's representations and

                                      21
<PAGE>

warranties made pursuant to Section 3.01 or 6.01. Unless any such breach shall
have been cured by the last day of the second Collection Period following the
discovery thereof by the Owner Trustee or receipt by the Owner Trustee of
written notice from the Seller or the Servicer of such breach, the Seller
shall be obligated to repurchase any Receivable materially and adversely
affected by any such breach as of such last day (or, at the Seller's option,
the last day of the first Collection Period following the discovery). In
consideration of the repurchase of any such Receivable, the Seller shall remit
the Purchase Amount, in the manner specified in Section 5.04. Subject to the
provisions of Section 6.03, the sole remedy of the Issuer, the Owner Trustee,
the Indenture Trustee, the Noteholders or the Certificateholders with respect
to a breach of representations and warranties pursuant to Section 3.01 and the
agreement contained in this Section shall be to require the Seller to
repurchase Receivables pursuant to this Section, subject to the conditions
contained herein.

     Section 3.03 Custody of Receivable Files. To assure uniform quality in
servicing the Receivables and to reduce administrative costs, the Issuer
hereby revocably appoints the Servicer, and the Servicer hereby accepts such
appointment, to act for the benefit of the Issuer and the Indenture Trustee as
custodian of the following documents or instruments which are hereby or will
hereby be constructively delivered to the Indenture Trustee, as pledgee of the
Issuer, as of the Closing Date with respect to each Receivable:

          (a) the fully executed original of the Standard Receivable or Fixed
     Value Receivable;

          (b) the original credit application fully executed by the Obligor;

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

          (d) any and all other documents that the Servicer or the Seller
     shall keep on file, in accordance with its customary procedures, relating
     to a Standard Receivable or Fixed Value Receivable, an Obligor or a
     Financed Vehicle.

     Section 3.04 Duties of Servicer as Custodian. (a) Safekeeping. The
Servicer shall hold the Receivable Files as custodian for the benefit of the
Issuer and maintain such accurate and complete accounts, records and computer
systems pertaining to each Receivable File as shall enable the Issuer to
comply with this Agreement. In performing its duties as custodian the Servicer
shall act with reasonable care, using that degree of skill and attention that
the Servicer exercises with respect to the receivable files relating to all
comparable automotive receivables that the Servicer services for itself or
others. The Servicer shall conduct, or cause to be conducted, periodic audits
of the Receivable Files held by it under this Agreement and of the related
accounts, records and computer systems, in such a manner as shall enable the
Issuer or the Indenture Trustee to verify the accuracy of the Servicer's
record keeping. The Servicer shall promptly report to the Issuer and the
Indenture Trustee any failure on its part to hold the Receivable Files and
maintain its accounts, records and computer systems as herein provided and
shall promptly take appropriate action to remedy any such failure. Nothing
herein shall be

                                      22
<PAGE>

deemed to require an initial review or any periodic review by the Issuer or
the Indenture Trustee of the Receivable Files.

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

     (c) Release of Documents. Upon instruction from the Indenture Trustee,
the Servicer shall release any Receivable File to the Indenture Trustee, the
Indenture Trustee's agent or the Indenture Trustee's designee, as the case may
be, at such place or places as the Indenture Trustee may designate, as soon as
practicable.

     Section 3.05 Instructions; Authority To Act. The Servicer shall be deemed
to have received proper instructions with respect to the Receivable Files upon
its receipt of written instructions signed by a Trust Officer of the Indenture
Trustee.

     Section 3.06 Custodian's Indemnification. The Servicer as custodian shall
indemnify the Trust, the Owner Trustee and the Indenture Trustee and each of
their respective officers, directors, employees and agents for any and all
liabilities, obligations, losses, compensatory damages, payments, costs or
expenses of any kind whatsoever that may be imposed on, incurred by or
asserted against the Trust, the Owner Trustee or the Indenture Trustee or any
of their respective officers, directors, employees and agents as the result of
any improper act or omission in any way relating to the maintenance and
custody by the Servicer as custodian of the Receivable Files; provided,
however, that the Servicer shall not be liable to the Owner Trustee for any
portion of any such amount resulting from the willful misfeasance, bad faith
or negligence of the Owner Trustee, and the Servicer shall not be liable to
the Indenture Trustee for any portion of any such amount resulting from the
willful misfeasance, bad faith or negligence of the Indenture Trustee.

     Section 3.07 Effective Period and Termination. The Servicer's appointment
as custodian shall become effective as of the Cutoff Date and shall continue
in full force and effect until terminated pursuant to this Section. If DCFS
shall resign as Servicer in accordance with the provisions of this Agreement
or if all of the rights and obligations of any Servicer shall have been
terminated under Section 8.01, the appointment of such Servicer as custodian
shall be terminated by the Indenture Trustee or by the Holders of Notes
evidencing not less than 25% of the Outstanding Amount of the Notes or, with
the consent of Holders of the Notes evidencing not less than 25% of the
Outstanding Amount of the Notes, by the Owner Trustee, in the same manner as
the Indenture Trustee or such Holders may terminate the rights and obligations
of the Servicer under Section 8.01. The Indenture Trustee or, with the consent
of the Indenture Trustee, the Owner Trustee may terminate the Servicer's
appointment as custodian, with cause, at any time upon written notification to
the Servicer and, without cause, upon 30 days' prior

                                      23
<PAGE>

written notification to the Servicer. As soon as practicable after any
termination of such appointment, the Servicer shall deliver the Receivable
Files to the Indenture Trustee or the Indenture Trustee's agent at such place
or places as the Indenture Trustee may reasonably designate.

     Section 3.08 Representations and Warranties as to the Security Interest
of the Issuer in the Receivables. The Seller makes the following
representations and warranties to the Issuer. The representations and
warranties speak as of the execution and delivery of this Agreement and as of
the Closing Date, and shall survive the sale of the Trust Estate to the Issuer
and the pledge thereof to the Indenture Trustee pursuant to the Indenture.

     (a) This Agreement creates a valid and continuing security interest (as
defined in the UCC) in the Receivables in favor of the Trust, which security
interest is prior to all other Liens, and is enforceable as such as against
creditors of and purchasers from the Seller.

     (b) The Receivables constitute "tangible chattel paper" within the
meaning of Article 9 of the UCC.

     (c) The Seller owns and has good and marketable title to the Receivables
free and clear of any lien, claim or encumbrance of any Person.

     (d) The Seller has caused or will have caused, within ten days, the
filing of all appropriate financing statements in the proper filing office in
the appropriate jurisdictions under applicable law in order to perfect the
security interest in the Receivables granted to the Issuer hereunder.

     (e) Other than the security interest granted to the Issuer pursuant to
this Agreement, the Seller has not pledged, assigned, sold, granted a security
interest in, or otherwise conveyed any of the Receivables. The Seller has not
authorized the filing of and is not aware of any financing statements against
the Seller that include a description of collateral covering the Receivables
other than any financing statement relating to the security interest granted
to the Seller hereunder or that has been terminated. The Seller is not aware
of any judgment or tax lien filings against it.

     (f) The Servicer as custodian for the Issuer has in its possession all
original copies of the contracts that constitute or evidence the Receivables.
The contracts that constitute or evidence the Receivables do not have any
marks or notations indicating that they have been pledged, assigned or
otherwise conveyed to any Person other than the Issuer.

                                  ARTICLE IV

                 Administration and Servicing of Receivables
                 -------------------------------------------

     Section 4.01 Duties of Servicer. The Servicer, for the benefit of the
Issuer (to the extent provided herein), shall manage, service, administer and
make collections on the Receivables (other than Purchased Receivables) with
reasonable care, using that degree of skill and attention that the Servicer
exercises with respect to all comparable automotive receivables

                                      24
<PAGE>

that it services for itself or others. The Servicer's duties shall include
collection and posting of all payments, responding to inquiries of Obligors on
such Receivables, investigating delinquencies, sending payment coupons to
Obligors, reporting tax information to Obligors, accounting for collections
and furnishing monthly and annual statements to the Owner Trustee and the
Indenture Trustee with respect to distributions. Subject to the provisions of
Section 4.02, the Servicer shall follow its customary standards, policies and
procedures in performing its duties as Servicer. Without limiting the
generality of the foregoing, the Servicer is authorized and empowered to
execute and deliver, on behalf of itself, the Issuer, the Owner Trustee, the
Indenture Trustee, the Certificateholders and the Noteholders or any of them,
any and all instruments of satisfaction or cancellation, or partial or full
release or discharge, and all other comparable instruments, with respect to
such Receivables or to the Financed Vehicles securing such Receivables. If the
Servicer shall commence a legal proceeding to enforce a Receivable, the Issuer
(in the case of a Receivable other than a Purchased Receivable) shall
thereupon be deemed to have automatically assigned, solely for the purpose of
collection, such Receivable to the Servicer. If in any enforcement suit or
legal proceeding it shall be held that the Servicer may not enforce a
Receivable on the ground that it shall not be a real party in interest or a
holder entitled to enforce such Receivable, the Owner Trustee shall, at the
Servicer's expense and direction, take steps to enforce such Receivable,
including bringing suit in its name or the name of the Owner Trustee, the
Indenture Trustee, the Certificateholders or the Noteholders. The Owner
Trustee shall upon the written request of the Servicer furnish the Servicer
with any powers of attorney and other documents reasonably necessary or
appropriate to enable the Servicer to carry out its servicing and
administrative duties hereunder.

     Section 4.02 Collection and Allocation of Receivable Payments. The
Servicer shall make reasonable efforts to collect all payments called for
under the terms and provisions of the Receivables as and when the same shall
become due and shall follow such collection procedures as it follows with
respect to all comparable automotive receivables that it services for itself
or others. The Servicer shall allocate collections between principal and
interest in accordance with the customary servicing procedures it follows with
respect to all comparable automotive receivables that it services for itself
or others. The Servicer may grant extensions, rebates or adjustments on a
Standard Receivable or Fixed Value Receivable; provided, however, that if the
Servicer extends the date for final payment by the Obligor of any Receivable
beyond the Final Scheduled Maturity Date, it shall promptly repurchase the
Standard Receivable or Fixed Value Receivable from the Issuer in accordance
with the terms of Section 4.07. The Servicer may in its discretion waive any
late payment charge or any other fees that may be collected in the ordinary
course of servicing a Standard Receivable or Fixed Value Receivable. The
Servicer shall not agree to any alteration of the interest rate or the
originally scheduled payments on any Standard Receivable or Fixed Value
Receivable.

     Section 4.03 Realization upon Receivables. On behalf of the Issuer, the
Servicer shall use its best efforts, consistent with its customary servicing
procedures, to repossess or otherwise convert the ownership of the Financed
Vehicle securing any Receivable as to which the Servicer shall have determined
eventual payment in full is unlikely. The Servicer shall follow such customary
and usual practices and procedures as it shall deem necessary or advisable in
its servicing of automotive receivables, which may include reasonable efforts
to realize upon any recourse to Dealers and selling the Financed Vehicle at
public or private sale. The foregoing

                                      25
<PAGE>

shall be subject to the provision that, in any case in which the Financed
Vehicle shall have suffered damage, the Servicer shall not expend funds in
connection with the repair or the repossession of such Financed Vehicle unless
it shall determine in its discretion that such repair and/or repossession will
increase the Liquidation Proceeds by an amount greater than the amount of such
expenses.

     Section 4.04 Physical Damage Insurance. The Servicer shall, in accordance
with its customary servicing procedures, require that each Obligor shall have
obtained physical damage insurance covering the Financed Vehicle as of the
execution of the Standard Receivable or Fixed Value Receivable.

     Section 4.05 Maintenance of Security Interests in Financed Vehicles. The
Servicer shall, in accordance with its customary servicing procedures, take
such steps as are necessary to maintain perfection of the security interest
created by each Standard Receivable and Fixed Value Receivable in the related
Financed Vehicle. The Servicer is hereby authorized to take such steps as are
necessary to re-perfect such security interest on behalf of the Issuer and the
Indenture Trustee in the event of the relocation of a Financed Vehicle or for
any other reason.

     Section 4.06 Covenants of Servicer. The Servicer shall not release the
Financed Vehicle securing any Receivable from the security interest granted by
such Receivable in whole or in part except in the event of payment in full by
the Obligor thereunder or repossession, nor shall the Servicer impair the
rights of the Issuer, the Indenture Trustee, the Certificateholders or the
Noteholders in such Receivable, nor shall the Servicer increase the number of
scheduled payments due under a Standard Receivable or Fixed Value Receivable.

     Section 4.07 Purchase of Receivables upon Breach. The Servicer or the
Owner Trustee shall inform the other party and the Indenture Trustee and the
Seller promptly, in writing, upon the discovery of any breach pursuant to
Section 4.02, 4.05 or 4.06. Unless the breach shall have been cured by the
last day of the second Collection Period following such discovery (or, at the
Servicer's election, the last day of the first following Collection Period),
the Servicer shall purchase any Receivable materially and adversely affected
by such breach as of such last day. If the Servicer takes any action during
any Collection Period pursuant to Section 4.02 that impairs the rights of the
Issuer, the Indenture Trustee, the Certificateholders or the Noteholders in
any Receivable or as otherwise provided in Section 4.02, the Servicer shall
purchase such Receivable as of the last day of such Collection Period. In
consideration of the purchase of any such Receivable pursuant to either of the
two preceding sentences, the Servicer shall remit the Purchase Amount in the
manner specified in Section 5.04. Subject to Section 7.02, the sole remedy of
the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholders
or the Noteholders with respect to a breach pursuant to Section 4.02, 4.05 or
4.06 shall be to require the Servicer to purchase Receivables pursuant to this
Section. The Owner Trustee shall have no duty to conduct any affirmative
investigation as to the occurrence of any condition requiring the repurchase
of any Receivable pursuant to this Section.

     Section 4.08 Servicing Fee. The Servicing Fee for a Payment Date shall
equal the product of (a) the Servicing Fee Rate (or, in the case of the
initial Collection Period, the product of (i) a fraction, the numerator of
which is equal to the number of days (based on a 30-day

                                      26
<PAGE>

month) elapsed from and excluding the Cutoff Date through the last day of such
initial Collection Period and the denominator of which is 360 and (ii) 1.00%),
and (b) the Pool Balance as of the first day of the preceding Collection
Period. The Servicer shall also be entitled to all late fees, prepayment
charges, and other administrative fees or similar charges allowed by
applicable law with respect to the Receivables, collected (from whatever
source) on the Receivables, plus any reimbursement pursuant to the last
paragraph of Section 7.02.

     Section 4.09 Servicer's Certificate. Not later than 11:00 A.M. (New York
time) on each Payment Determination Date, the Servicer shall deliver to the
Owner Trustee, each Paying Agent, the Indenture Trustee and the Seller, with a
copy to the Rating Agencies, a Servicer's Certificate containing all
information necessary to make the distributions to be made on the related
Payment Date pursuant to Sections 5.05 and 5.06 for the related Collection
Period. Receivables to be purchased by the Servicer or to be repurchased by
the Seller shall be identified by the Servicer by account number with respect
to such Receivable (as specified in Schedule A).

     Section 4.10 Annual Statement as to Compliance; Item 1122 Servicing
Criteria Assessment; Notice of Default. (a) The Servicer shall deliver to the
Owner Trustee and the Indenture Trustee, on or before March 31 of each year
beginning March 31, 2007 the following:

          (i) an Officer's Certificate, dated as of December 31 of the
     preceding year, stating that (x) a review of the activities of the
     Servicer during the preceding 12-month period (or such shorter period in
     the case of the first such Officer's Certificate) and of its performance
     under this Agreement has been made under such officers' supervision and
     (y) to the best of such officers' knowledge, based on such review, the
     Servicer has fulfilled all its obligations under this Agreement in all
     material respects throughout such period or, if there has been a failure
     to fulfill any such obligations in any material respect, specifying each
     such failure known to such officer and the nature and status thereof.

          (ii) the Servicing Criteria assessment required to be filed in
     respect of the Issuer under the Exchange Act under Item 1122 of
     Regulation AB if periodic reports under Section 15(d) of the Exchange
     Act, or any successor provision thereto, were required to be filed in
     respect of the Issuer. Such report shall be signed by an authorized
     officer of the Servicer and shall at a minimum address each of the
     Servicing Criteria specified on a certification substantially in the form
     of Appendix B hereto delivered to the Seller concurrently with the
     execution of this Agreement. To the extent any of the Servicing Criteria
     are not applicable to the Servicer, with respect to asset-backed
     securities transactions taken as a whole involving the Servicer that are
     backed by the same asset type as the Receivables, such report shall
     include such a statement to that effect. The Seller, the Servicer and
     each of their respective officers and directors shall be entitled to rely
     on each such servicing criteria assessment.

     The Indenture Trustee, upon the written request of the Rating Agencies,
shall send a copy of such certificate, such assessment and the report referred
to in Section 4.11 to the Rating Agencies. A copy of such certificate, such
assessment and the report referred to in Section 4.11 may be obtained by any
Certificateholder, Noteholder or Note Owner by a request in writing to the
Owner Trustee addressed to the Corporate Trust Office. Upon the telephone
request of the

                                      27
<PAGE>

Owner Trustee, the Indenture Trustee will promptly furnish the Owner Trustee a
list of Noteholders as of the date specified by the Owner Trustee.

     (b) The Servicer shall deliver to the Owner Trustee, the Indenture
Trustee and the Rating Agencies, promptly after having obtained knowledge
thereof, but in no event later than five (5) Business Days thereafter, written
notice in an Officer's Certificate of any event which with the giving of
notice or lapse of time, or both, would become a Servicer Default under
Section 8.01(a) or (b).

     (c) The Servicer shall cause each Reporting Subcontractor to deliver to
the Seller an assessment of compliance and accountants' attestation as and
when provided in paragraph (a)(ii) of this Section 4.10 and Section 4.11. The
Servicer shall execute (provided the Servicer is not an Affiliate of the
Seller) (and shall cause each Reporting Subcontractor to execute) a reliance
certificate to enable the Certification Parties to rely upon each (i) annual
report on assessments of compliance with servicing criteria provided pursuant
to this Section 4.10 and (ii) accountants' report provided pursuant to Section
4.11 and shall include a certification that each such annual compliance
statement or report discloses any deficiencies or defaults described to the
registered public accountants of such Person to enable such accountants to
render the report provided for in Section 4.11.

     (d) In the event the Servicer, any subservicer or Reporting Subcontractor
is terminated or resigns during the term of this Agreement, such Person shall
provide the documents and information pursuant to this Section 4.10 and
Section 4.11 with respect to the period of time it was subject to this
Agreement or provided services with respect to the Issuer or the Receivables.
Notwithstanding anything to the contrary contained herein, if the Servicer has
exercised commercially reasonable efforts to obtain any assessment or
attestation required hereunder from a Reporting Subcontractor, the failure by
the Reporting Subcontractor to provide such attestation on or assessment shall
not constitute a breach hereunder by the Servicer.

     Section 4.11 Annual Independent Certified Public Accountants' Report. The
Servicer shall cause a firm of independent certified public accountants, who
may also render other services to the Servicer or the Seller, to deliver to
the Owner Trustee and the Indenture Trustee on or before March 31 of each
year, beginning March 31, 2007, with respect to the prior calendar year (or
such shorter period in the case of the first such report) the attestation
report that would be required to be filed in respect of the Issuer under the
Exchange Act if periodic reports under Section 15(d) of the Exchange Act, or
any successor provision thereto, were required to be filed in respect of the
Trust. Such attestation shall be in accordance with Rules 1-02(a)(3) and
2-02(g) of Regulation S-X under the Securities Act and the Exchange Act,
including, without limitation that in the event that an overall opinion cannot
be expressed, such registered public accounting firm shall state in such
report why it was unable to express such an opinion.

     Section 4.12 Access to Certain Documentation and Information Regarding
Receivables. The Servicer shall provide to the Certificateholders and
Noteholders access to the Receivable Files in such cases where the
Certificateholders or Noteholders shall be required by applicable statutes or
regulations to review such documentation. Access shall be afforded without
charge, but only upon reasonable request and during the normal business hours
at the offices of the

                                      28
<PAGE>

Servicer. Nothing in this Section shall affect the obligation of the Servicer
to observe any applicable law prohibiting disclosure of information regarding
the Obligors and the failure of the Servicer to provide access to information
as a result of such obligation shall not constitute a breach of this Section.

     Section 4.13 Servicer Expenses. The Servicer shall be required to pay all
expenses incurred by it in connection with its activities hereunder, including
fees and disbursements of independent accountants, taxes imposed on the
Servicer and expenses incurred in connection with distributions and reports to
Certificateholders and Noteholders.

     Section 4.14 Appointment of Subservicer. The Servicer may at any time
appoint a subservicer to perform all or any portion of its obligations as
Servicer hereunder; provided, however, that the Rating Agency Condition shall
have been satisfied in connection therewith; and provided, further, that the
Servicer shall remain obligated and be liable to the Issuer, the Owner
Trustee, the Indenture Trustee, the Certificateholders and the Noteholders for
the servicing and administering of the Receivables in accordance with the
provisions hereof without diminution of such obligation and liability by
virtue of the appointment of such subservicer and to the same extent and under
the same terms and conditions as if the Servicer alone were servicing and
administering the Receivables. The fees and expenses of the subservicer shall
be as agreed between the Servicer and its subservicer from time to time, and
none of the Issuer, the Owner Trustee, the Indenture Trustee, the
Certificateholders or the Noteholders shall have any responsibility therefor.

                                  ARTICLE V

                        Distributions; Reserve Account;
                        -------------------------------
               Statements to Certificateholders and Noteholders
               ------------------------------------------------

     Section 5.01 Establishment of Deposit Account. (a) The Servicer, for the
benefit of the Noteholders and the Certificateholders, shall establish and
maintain in the name of the Indenture Trustee an Eligible Deposit Account (the
"Deposit Account"), bearing a designation clearly indicating that the funds
deposited therein are held for the benefit of the Noteholders and the
Certificateholders. The Servicer shall establish the Note Principal
Distribution Account and the Reserve Account as subaccounts that are part of
the Deposit Account.

     (b) Funds on deposit in the Deposit Account shall be invested (1) by the
Indenture Trustee in Eligible Investments selected in writing by the Servicer
or an investment manager selected by the Servicer or (2) by an investment
manager in Eligible Investments selected by such investment manager; provided
that (A) such investment manager shall be selected by the Servicer, (B) such
investment manager shall have agreed to comply with the terms of this
Agreement as it relates to investing such funds, (C) any investment so
selected by such investment manager shall be made in the name of the Indenture
Trustee and shall be settled by a Delivery to the Indenture Trustee that
complies with the terms of this Agreement as it relates to investing such
funds, and (D) prior to the settlement of any investment so selected by such
investment manager the Indenture Trustee shall affirm that such investment is
an Eligible

                                      29
<PAGE>

Investment. The Servicer will direct all investments through written approval.
In the event the Indenture Trustee must invest funds on deposit in the Deposit
Account, the Indenture Trustee will follow the most recent written direction
of the Servicer. It is understood and agreed that the Indenture Trustee shall
not be liable for any loss arising from an investment in Eligible Investments
made in accordance with this Section 5.01(b). All such Eligible Investments
shall be held by the Indenture Trustee for the benefit of the Noteholders and
the Certificateholders, as applicable; provided, that on each Payment
Determination Date all interest and other investment income (net of losses and
investment expenses) on funds on deposit in the Deposit Account (to the extent
such interest and income is on deposit in the Deposit Account at the end of
the related Collection Period) shall be deemed to constitute a portion of the
Total Distribution Amount for the related Payment Date. Other than as
permitted by the Rating Agencies, funds on deposit in the Deposit Account
shall be invested in Eligible Investments that will mature on or before the
next Payment Date.

     (c) (i) The Indenture Trustee shall possess all right, title and interest
in all funds on deposit from time to time in the Deposit Account and in all
proceeds thereof (including all income thereon) and all such funds,
investments, proceeds and income shall be part of the Trust Estate. The
Deposit Account shall be under the sole dominion and control of the Indenture
Trustee for the benefit of the Noteholders and the Certificateholders, as
applicable. If, at any time, the Deposit Account ceases to be an Eligible
Deposit Account, the Indenture Trustee (or the Servicer on its behalf) shall
within 10 Business Days (or such longer period, not to exceed 30 calendar
days, as to which each Rating Agency may consent) establish a new Deposit
Account as an Eligible Deposit Account and shall transfer any cash and/or any
investments to such new Deposit Account.

          (ii) With respect to the Trust Account Property, the Indenture
     Trustee agrees, by its acceptance hereof, that:

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

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

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

                                      30
<PAGE>

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

          (iii) The Servicer shall have the power, revocable by the Indenture
     Trustee or by the Owner Trustee with the consent of the Indenture
     Trustee, to instruct the Indenture Trustee to make withdrawals and
     payments from the Deposit Account for the purpose of permitting the
     Servicer to carry out its respective duties hereunder or permitting the
     Indenture Trustee to carry out its duties under the Indenture.

     Section 5.02 Collections. Subject to the continued satisfaction of the
commingling conditions described below, the Servicer shall remit to the
Deposit Account all payments by or on behalf of the Obligors with respect to
the Receivables (other than Purchased Receivables and not including Fixed
Value Payments), all Liquidation Proceeds collected during the related
Collection Period, prior to 11:00 A.M. (New York time) on the related Payment
Date. Notwithstanding the foregoing, if any of the commingling conditions
ceases to be met, the Servicer shall remit to the Deposit Account all payments
by or on behalf of the Obligors with respect to the Receivables (other than
Purchased Receivables and not including Fixed Value Payments) and all
Liquidation Proceeds within two Business Days of receipt thereof. The
commingling conditions are as follows: (i) DCFS must be the Servicer, (ii) no
Servicer Default shall have occurred and be continuing and (iii) (x)
DaimlerChrysler North America Holding Corporation must maintain a short-term
rating of at least "P-1" by Moody's and "A-1" by Standard & Poor's or (y) if
daily remittances occur hereunder, prior to ceasing daily remittances, the
Rating Agency Condition shall have been satisfied (and any conditions or
limitations imposed by the Rating Agencies in connection therewith are
complied with). Notwithstanding anything herein to the contrary, so long as
DCFS is the Servicer, DCFS may withhold from the deposit into the Deposit
Account any amounts indicated on the related Servicer's Certificate as being
due and payable to DCFS or the Seller and pay such amounts directly to DCFS or
the Seller, as applicable. For purposes of this Article V, the phrase
"payments by or on behalf of Obligors" shall mean payments made with respect
to the Receivables by Persons other than the Servicer or the Seller. In the
event the commingling conditions cease to be met, the Servicer shall make
daily remittance of collections to the Deposit Account within two Business
Days of receipt thereof; provided, however, daily remittance may commence no
later than five Business Days following a reduction of DaimlerChrysler North
America Holding Corporation's short-term ratings below "P-1" by Moody's or
"A-1" by Standard & Poor's. In addition, if the Servicer is required to make
daily remittance of collections into the Deposit Account, the Servicer may
with respect to all interest payments by or on behalf of the Obligors with
respect to the Receivables (other than Purchased Receivables and not including
Fixed Value Payments): (i) calculate the amount of such interest payments
collected each day on the basis of the aggregate Principal Balance of the
Receivables (other than Purchased Receivables and not including Fixed Value
Payments) at the start of the applicable Collection Period, the weighted
average APR of such Receivables and the number of calendar days in that
Collection Period divided by 360 and (ii) deposit such calculated daily
interest amounts to the Deposit Account within the applicable time

                                      31
<PAGE>

frame required pursuant to this Section 5.02. In the event that the sum of the
daily interest amounts so calculated for a Collection Period exceeds the
amount of actual interest payments for that Collection Period, the Indenture
Trustee shall, at the written direction of the Servicer, release such excess
to the Servicer (or its designee). For the avoidance of doubt, the Servicer is
not required to calculate the amount of interest payments in the manner
provided in the two immediately preceding sentences and may, upon provision to
the Indenture Trustee of written notice thereof, change its procedures so that
it deposits the actual amount of interest payments made by or on behalf of the
Obligors with respect to the Receivables (other than Purchased Receivables and
not including Fixed Value Payments) into the Deposit Account within the
applicable time frame required pursuant to this Section 5.02.

     Section 5.03 Application of Collections. (a) All collections for the
Collection Period shall be applied by the Servicer as follows:

          With respect to each Receivable (other than a Purchased Receivable),
     payments by or on behalf of the Obligor shall be applied to interest and
     principal in accordance with the Simple Interest Method.

     (b) All collections of finance charges on a Fixed Value Receivable (as
determined in accordance with the Servicer's customary procedures) shall be
applied, first, to the Amortizing Payment Finance Charges due and unpaid on
the related Principal Balance and then to the Fixed Value Finance Charges due
and unpaid on the related Fixed Value Payment. The Servicer shall release to
the Company the Collections allocated to Fixed Value Finance Charges pursuant
to the preceding sentence. All Liquidation Proceeds with respect to any Fixed
Value Receivable shall be applied first to the related Receivable and only
after the payment in full of the Principal Balance thereof plus accrued but
unpaid interest thereon shall any such Liquidation Proceeds be applied to, or
constitute, the related Fixed Value Payment.

     Section 5.04 Additional Deposits. The Servicer and the Seller shall
deposit or cause to be deposited in the Deposit Account the aggregate Purchase
Amount with respect to Purchased Receivables and the Servicer shall deposit
therein all amounts to be paid under Section 9.01. The Servicer will deposit
the aggregate Purchase Amount with respect to Purchased Receivables when such
obligations are due, unless the Servicer shall not be required to make daily
deposits pursuant to Section 5.02. All such other deposits shall be made on
the Payment Determination Date for the related Collection Period.

     Section 5.05 Distributions.

     (a) (i) On each Payment Determination Date, the Servicer shall calculate
all amounts required to be distributed to the Noteholders and the
Certificateholders and all amounts to be allocated within the Deposit Account
as described below. For purposes of this Section, the Servicing Fee for the
related Payment Date and any previously unpaid Servicing Fees shall be
deducted from the Total Distribution Amount at any time on or prior to the
Payment Date. If the Total Distribution Amount during a Collection Period has
reached a level which covers the payments due pursuant to clauses (A), (B),
(C), (D) and (E) of Section 5.05(a)(ii), then for the remainder of the
Collection Period the Servicer may net the amounts, if any, distributable

                                      32
<PAGE>

pursuant to clause (F) of Section 5.05(a)(ii) out of the Total Distribution
Amount before depositing the Total Distribution Amount into the Deposit
Account and pay such amounts directly to the related recipient.

          (ii) Subject to Section 5.04(b) of the Indenture, on each Payment
     Date the Servicer shall instruct the Indenture Trustee (based on the
     information contained in the Servicer's Certificate delivered on the
     related Payment Determination Date pursuant to Section 4.09) to make the
     following allocations and distributions by 11:00 A.M. (New York time), to
     the extent of the Total Distribution Amount (net of the Servicing Fee for
     such Payment Date and any previously unpaid Servicing Fees and any amount
     payable pursuant to Section 5.05(a)(ii)(F) that has already been deducted
     pursuant to Section 5.05(a)(i)), in the following order of priority:

               (A) allocate to the Class A Noteholders for distribution
          pursuant to Section 8.02 of the Indenture, from such net Total
          Distribution Amount, an amount equal to the accrued and unpaid
          interest due on the Class A Notes on such Payment Date;

               (B) credit, from such net Total Distribution Amount remaining
          after the application of clause (A), the Priority Principal
          Distribution Amount to the Note Principal Distribution Account;

               (C) allocate to the Class B Noteholders for distribution
          pursuant to Section 8.02 of the Indenture, from such net Total
          Distribution Amount remaining after the application of clauses (A)
          and (B), an amount equal to the accrued and unpaid interest due on
          the Class B Notes;

               (D) allocate to the Reserve Account, from such net Total
          Distribution Amount remaining after the application of clauses (A),
          (B) and (C), the amount required, if any, such that the amount
          therein is the Specified Reserve Amount;

               (E) credit, from such net Total Distribution Amount remaining
          after the application of clauses (A), (B), (C) and (D), an amount
          equal to (x) the Required Principal Distribution Amount minus (y)
          the Priority Principal Distribution Amount to the Note Principal
          Distribution Account; and

               (F) distribute to the Holders of the Certificates such net
          Total Distribution Amount remaining after the application of clauses
          (A), (B), (C), (D) and (E).

For the avoidance of doubt, if payment of the Notes has been accelerated and
such declaration of acceleration has not been rescinded in accordance with the
Indenture, then such Total Distribution Amount shall be applied in accordance
with Section 5.04(b) of the Indenture.

     Notwithstanding that the Notes have been paid in full, the Indenture
Trustee shall continue to maintain the Deposit Account hereunder until the
Certificates are retired.

                                      33
<PAGE>

     Notwithstanding anything herein to the contrary, if payment of the Notes
has been accelerated under the Indenture because of an Event of Default, then
collections in respect of the Receivables will be applied pursuant to Section
5.04(b) of the Indenture.

     (b) On each Payment Date the amounts credited to the Note Principal
Distribution Account shall be applied in accordance with Section 8.02(c)(iii)
of the Indenture.

     Section 5.06 Reserve Account. (a) On the Closing Date, the Owner Trustee
will deposit, on behalf of the Seller, the Reserve Account Initial Deposit
into the Deposit Account from the net proceeds of the sale of the Notes which
amount shall be allocated to the Reserve Account.

     (b) [RESERVED]

     (c) (i) In the event that the Total Distribution Amount (after the
payment of the Servicing Fee and any previously unpaid Servicing Fees) with
respect to any Collection Period is less than the accrued and unpaid interest
on the Notes on a Payment Date, the Servicer shall instruct the Indenture
Trustee to withdraw from the Reserve Account on such Payment Date an amount
equal to such deficiency, to the extent of funds available therein, and
allocate such amount for distribution to the Noteholders.

          (ii) In the event that the amount allocated for distribution to the
     Noteholders pursuant to Sections 5.05(a)(ii)(B) and (E) is insufficient
     to make payments of principal on (A) the Class A-1 Notes so that the
     Outstanding Amount for the Class A-1 Notes equals zero on the Class A-1
     Final Scheduled Payment Date; (B) the Class A-2 Notes so that the
     Outstanding Amount for the Class A-2 Notes equals zero on the Class A-2
     Final Scheduled Payment Date; (C) the Class A-3 Notes so that the
     Outstanding Amount for the Class A-3 Notes equals zero on the Class A-3
     Final Scheduled Payment Date; (D) the Class A-4 Notes so that the
     Outstanding Amount for the Class A-4 Notes equals zero on the Class A-4
     Final Scheduled Payment Date or (E) the Class B Notes so that the
     Outstanding Amount of the Class B Notes equals zero on the Class B Final
     Scheduled Payment Date, the Servicer shall instruct the Indenture Trustee
     to withdraw from the Reserve Account on such Class Final Scheduled
     Payment Date an amount equal to such deficiency, to the extent of funds
     available therein, and allocate such amount for distribution to the
     related Noteholders in accordance with this Sale and Servicing Agreement.

          (iii) In the event that the Outstanding Amount of the Notes exceeds
     the Related Pool Balance, the Servicer shall instruct the Indenture
     Trustee to withdraw from the Reserve Account on the related Payment Date
     an amount equal to such excess, to the extent of funds available therein,
     and allocate such amount for distribution to the Noteholders.

     (d) Subject to Section 9.01, amounts will continue to be applied pursuant
to Section 5.05(a) following payment in full of the Outstanding Amount of the
Notes until the Pool Balance is reduced to zero. Following the payment in full
of the aggregate Outstanding Amount of the Notes and of all other amounts
owing or to be distributed hereunder or under the Indenture or the

                                      34
<PAGE>

Trust Agreement to Noteholders and Certificateholders and the termination of
the Trust, any amount then allocated to the Reserve Account shall be
distributed to the Company.

     Section 5.07 Statements to Noteholders and Certificateholders. On each
Payment Date, the Servicer shall make available via its website to the Owner
Trustee, the Rating Agencies, the Noteholders and the Certificateholders and
provide to the Indenture Trustee and each Paying Agent a statement
substantially in the form of Exhibit A, setting forth at least the following
information as to the Notes, to the extent applicable:

          (i) the amount of such distribution allocable to principal allocable
     to each Class of Notes;

          (ii) the amount of such distribution allocable to interest allocable
     to each Class of Notes;

          (iii) the outstanding principal amount of each Class of Notes as of
     the close of business on the last day of the preceding Collection Period,
     after giving effect to payments allocated to principal reported under
     clause (i) above;

          (iv) the amount of the Servicing Fee paid to the Servicer with
     respect to the related Collection Period;

          (v) the amount allocated to the Reserve Account on such Payment
     Determination Date after giving effect to allocations thereto and
     withdrawals therefrom to be made on the next following Payment Date, if
     any; and

          (vi) the Pool Balance as of the close of business on the last day of
     the related Collection Period.

     Each amount set forth on the Payment Date statement under clauses (i),
(ii) or (iv) above shall be expressed as a dollar amount per $1,000 of
original principal amount of a Note.

     Section 5.08 Net Deposits. As an administrative convenience, unless the
Servicer is required to remit collections daily, the Servicer will be
permitted to make the deposit of collections on the Receivables and Purchase
Amounts for the Collection Period net of distributions to be made to the
Servicer with respect to the Collection Period. The Servicer, however, will
account to the Owner Trustee, the Indenture Trustee, the Noteholders and the
Certificateholders as if all deposits, distributions and transfers were made
individually.

                                  ARTICLE VI

                                  The Seller
                                  ----------

     Section 6.01 Representations of Seller. The Seller makes the following
representations on which the Issuer is deemed to have relied in acquiring the
Receivables. The representations speak as of the execution and delivery of
this Agreement and as of the Closing Date, and shall

                                      35
<PAGE>

survive the sale of the Receivables to the Issuer and the pledge thereof to
the Indenture Trustee pursuant to the Indenture.

          (a) Organization and Good Standing. The Seller is duly organized and
     validly existing as a limited liability company in good standing under
     the laws of the State of Michigan, with the power and authority as a
     limited liability company to own its properties and to conduct its
     business as such properties are currently owned and such business is
     presently conducted, and had at all relevant times, and has, the power,
     authority and legal right to acquire and own the Standard Receivables and
     the Fixed Value Receivables.

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

          (c) Power and Authority. The Seller has the power and authority as a
     limited liability company to execute and deliver this Agreement and to
     carry out its terms; the Seller has full power and authority to sell and
     assign the property to be sold and assigned to and deposited with the
     Issuer, and the Seller shall have duly authorized such sale and
     assignment to the Issuer by all necessary action as a limited liability
     company; and the execution, delivery and performance of this Agreement
     has been duly authorized by the Seller by all necessary action as a
     limited liability company.

          (d) Binding Obligation. This Agreement constitutes a legal, valid
     and binding obligation of the Seller enforceable in accordance with its
     terms.

          (e) No Violation. The consummation of the transactions contemplated
     by this Agreement and the fulfillment of the terms hereof do not conflict
     with, result in any breach of any of the terms and provisions of, or
     constitute (with or without notice or lapse of time) a default under, the
     articles of organization or operating agreement of the Seller, or any
     indenture, agreement or other instrument to which the Seller is a party
     or by which it is bound; or result in the creation or imposition of any
     Lien upon any of its properties pursuant to the terms of any such
     indenture, agreement or other instrument (other than pursuant to this
     Agreement and the Basic Documents); or violate any law or, to the best of
     the Seller's knowledge, any order, rule or regulation applicable to the
     Seller of any court or of any federal or state regulatory body,
     administrative agency or other governmental instrumentality having
     jurisdiction over the Seller or its properties.

          (f) No Proceedings. To the Seller's best knowledge, there are no
     proceedings or investigations pending or threatened before any court,
     regulatory body, administrative agency or other governmental
     instrumentality having jurisdiction over the Seller or its properties:
     (i) asserting the invalidity of this Agreement, the Indenture or any of
     the other Basic Documents, the Notes or the Certificates, (ii) seeking to
     prevent the issuance of the Notes or the Certificates or the consummation
     of any of the transactions contemplated by this Agreement, the Indenture
     or any of the other Basic Documents, (iii) seeking any

                                      36
<PAGE>

     determination or ruling that might materially and adversely affect the
     performance by the Seller of its obligations under, or the validity or
     enforceability of, this Agreement, the Indenture, any of the other Basic
     Documents, the Notes or the Certificates or (iv) which might adversely
     affect the federal or state income tax attributes of the Notes or the
     Certificates.

     Section 6.02 Preservation of Existence. During the term of this
Agreement, the Seller will keep in full force and effect its existence and
rights as a limited liability company (or another legal entity) under the laws
of the jurisdiction of its organization and will obtain and preserve its
qualification to do business in each jurisdiction in which such qualification
is or shall be necessary to protect the validity and enforceability of this
Agreement, the Basic Documents and each other instrument or agreement
necessary or appropriate to the proper administration of this Agreement and
the transactions contemplated hereby. In addition, all transactions and
dealings between the Seller and its Affiliates (including the Company) will be
conducted on an arm's-length basis.

     Section 6.03 Liability of Seller; Indemnities. The Seller shall be liable
in accordance herewith only to the extent of the obligations specifically
undertaken by the Seller under this Agreement:

          (a) The Seller shall indemnify, defend and hold harmless the Issuer,
     the Owner Trustee, the Indenture Trustee, the Company and the Servicer
     and any of the officers, directors, employees and agents of the Issuer,
     the Owner Trustee and the Indenture Trustee from and against any taxes
     that may at any time be asserted against any such Person with respect to
     the transactions contemplated herein and in the Basic Documents,
     including any sales, gross receipts, general corporation, tangible
     personal property, privilege or license taxes (but, in the case of the
     Issuer, not including any taxes asserted with respect to, and as of the
     date of, the sale of the Receivables to the Issuer or the issuance and
     original sale of the Certificates and the Notes, or asserted with respect
     to ownership of the Receivables, or federal or other income taxes arising
     out of distributions on the Certificates or the Notes) and costs and
     expenses in defending against the same.

          (b) The Seller shall indemnify, defend and hold harmless the Issuer,
     the Owner Trustee, the Indenture Trustee, the Company, the
     Certificateholders and the Noteholders and any of the officers,
     directors, employees and agents of the Issuer, the Owner Trustee and the
     Indenture Trustee from and against any loss, liability or expense
     incurred by reason of (i) the Seller's willful misfeasance, bad faith or
     negligence in the performance of its duties under this Agreement, or by
     reason of reckless disregard of its obligations and duties under this
     Agreement and (ii) the Seller's or the Issuer's violation of federal or
     state securities laws in connection with the offering and sale of the
     Notes and the Certificates.

          (c) The Seller shall indemnify, defend and hold harmless the Owner
     Trustee and the Indenture Trustee and their respective officers,
     directors, employees and agents from and against all costs, expenses,
     losses, claims, damages and liabilities arising out of or incurred in
     connection with the acceptance or performance of the trusts and duties

                                      37
<PAGE>

     herein and in the Trust Agreement contained, in the case of the Owner
     Trustee, and in the Indenture contained, in the case of the Indenture
     Trustee, except to the extent that such cost, expense, loss, claim,
     damage or liability: (i) in the case of the Owner Trustee, shall be due
     to the willful misfeasance, bad faith or negligence (except for errors in
     judgment) of the Owner Trustee or, in the case of the Indenture Trustee,
     shall be due to the willful misfeasance, bad faith or negligence (except
     for errors in judgment) of the Indenture Trustee; or (ii) in the case of
     the Owner Trustee, shall arise from the breach by the Owner Trustee of
     any of its representations or warranties set forth in Section 7.03 of the
     Trust Agreement.

          (d) The Seller shall pay any and all taxes levied or assessed upon
     all or any part of the Owner Trust Estate.

     Indemnification under this Section shall survive the resignation or
removal of the Owner Trustee or the Indenture Trustee and the termination of
this Agreement and shall include reasonable fees and expenses of counsel and
expenses of litigation. If the 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 the Seller, without interest.

     Section 6.04 Merger or Consolidation of, or Assumption of Obligations of,
Seller. Any Person (a) into which the Seller may be merged or consolidated,
(b) which may result from any merger or consolidation to which the Seller
shall be a party or (c) which may succeed to the properties and assets of the
Seller substantially as a whole, which Person in any of the foregoing cases
executes an agreement of assumption to perform every obligation of the Seller
under this Agreement, shall be the successor to the Seller hereunder without
the execution or filing of any document or any further act by any of the
parties to this Agreement; provided, however, that (i) immediately after
giving effect to such transaction, no representation or warranty made pursuant
to Section 3.01 shall have been breached and no Servicer Default, and no event
that, after notice or lapse of time, or both, would become a Servicer Default
shall have occurred and be continuing, (ii) the Seller shall have delivered to
the Owner Trustee and the Indenture Trustee an Officer's Certificate and an
Opinion of Counsel each stating that such consolidation, merger or succession
and such agreement of assumption comply with this Section and that all
conditions precedent, if any, provided for in this Agreement relating to such
transaction have been complied with, (iii) the Rating Agency Condition shall
have been satisfied with respect to such transaction and (iv) the Seller shall
have delivered to the Owner Trustee and the Indenture Trustee an Opinion of
Counsel either (A) stating that, in the opinion of such counsel, all financing
statements and continuation statements and amendments thereto have been
executed and filed that are necessary fully to preserve and protect the
interest of the Owner Trustee and Indenture Trustee, respectively, in the
Receivables and reciting the details of such filings, or (B) stating that, in
the opinion of such counsel, no such action shall be necessary to preserve and
protect such interests. Notwithstanding anything herein to the contrary, the
execution of the foregoing agreement of assumption and compliance with clauses
(i), (ii), (iii) and (iv) above shall be conditions to the consummation of the
transactions referred to in clauses (a), (b) or (c) above.

                                      38
<PAGE>

     Section 6.05 Limitation on Liability of Seller and Others. The Seller and
any director, officer, employee or agent of the Seller may rely in good faith
on the advice of counsel or on any document of any kind, prima facie properly
executed and submitted by any Person respecting any matters arising hereunder.
The Seller shall not be under any obligation to appear in, prosecute or defend
any legal action that shall not be incidental to its obligations under this
Agreement, and that in its opinion may involve it in any expense or liability.

     Section 6.06 Seller May Own Notes. The Seller and any Affiliate thereof
may in its individual or any other capacity become the owner or pledgee of
Notes with the same rights as it would have if it were not the Seller or an
Affiliate thereof, except as expressly provided herein or in any Basic
Document. The Seller shall not own any Notes unless the Rating Agency
Condition is satisfied.

                                 ARTICLE VII

                                 The Servicer
                                 ------------

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

          (a) Organization and Good Standing. The Servicer is duly organized
     and validly existing as a limited liability company in good standing
     under the laws of the state of its formation, with the power and
     authority as a limited liability company to own its properties and to
     conduct its business as such properties are currently owned and such
     business is presently conducted, and had at all relevant times, and has,
     the power, authority and legal right to acquire, own, sell and service
     the Standard Receivables and the Fixed Value Receivables and to hold the
     Receivable Files as custodian.

          (b) Due Qualification. The Servicer is duly qualified to do business
     as a foreign limited liability company in good standing, and has obtained
     all necessary licenses and approvals, in all jurisdictions in which the
     ownership or lease of property or the conduct of its business (including
     the servicing of the Standard Receivables and the Fixed Value Receivables
     as required by this Agreement) shall require such qualifications.

          (c) Power and Authority. The Servicer has the power and authority as
     a limited liability company to execute and deliver this Agreement and to
     carry out its terms; and the execution, delivery and performance of this
     Agreement has been duly authorized by the Servicer by all necessary
     action as a limited liability company.

          (d) Binding Obligation. This Agreement constitutes a legal, valid
     and binding obligation of the Servicer enforceable in accordance with its
     terms.

                                      39
<PAGE>

          (e) No Violation. The consummation of the transactions contemplated
     by this Agreement and the fulfillment of the terms hereof shall not
     conflict with, result in any breach of any of the terms and provisions
     of, or constitute (with or without notice or lapse of time) a default
     under, the articles of organization or operating agreement of the
     Servicer, or any indenture, agreement or other instrument to which the
     Servicer is a party or by which it is bound; or result in the creation or
     imposition of any Lien upon any of its properties pursuant to the terms
     of any such indenture, agreement or other instrument (other than this
     Agreement); or violate any law or, to the best of the Servicer's
     knowledge, any order, rule or regulation applicable to the Servicer of
     any court or of any federal or state regulatory body, administrative
     agency or other governmental instrumentality having jurisdiction over the
     Servicer or its properties.

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

          (g) No Insolvent Obligors. As of the related Cutoff Date, no Obligor
     on a Standard Receivable or Fixed Value Receivable is shown on the
     Receivable Files as the subject of a bankruptcy proceeding.

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

          (a) The Servicer shall indemnify, defend and hold harmless the
     Issuer, the Owner Trustee, the Indenture Trustee, the Noteholders, the
     Certificateholders, the Company and the Seller and any of the officers,
     directors, employees and agents of the Issuer, the Owner Trustee and the
     Indenture Trustee from and against any and all costs, expenses, losses,
     damages, claims and liabilities arising out of or resulting from the use,
     ownership or operation by the Servicer or any Affiliate thereof of a
     Financed Vehicle.

          (b) The Servicer shall indemnify, defend and hold harmless the
     Issuer, the Owner Trustee, the Indenture Trustee, the Seller, the
     Company, the Certificateholders and the Noteholders and any of the
     officers, directors, employees and agents of the Issuer, the Owner
     Trustee and the Indenture Trustee from and against any and all costs,
     expenses, losses, claims, damages and liabilities to the extent that such
     cost, expense, loss, claim, damage or liability arose out of, or was
     imposed upon any such Person through, the negligence, willful misfeasance
     or bad faith of the Servicer in the

                                      40
<PAGE>

     performance of its duties under this Agreement or by reason of reckless
     disregard of its obligations and duties under this Agreement.

     For purposes of this Section, in the event of the termination of the
rights and obligations of DCFS (or any successor thereto pursuant to Section
7.03) as Servicer pursuant to Section 8.01, or a resignation by such Servicer
pursuant to this Agreement, such Servicer shall be deemed to be the Servicer
pending appointment of a successor Servicer (other than the Indenture Trustee)
pursuant to Section 8.02.

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

     Section 7.03 Merger or Consolidation of, or Assumption of Obligations of,
Servicer. Any Person (a) into which the Servicer may be merged or
consolidated, (b) which may result from any merger or consolidation to which
the Servicer shall be a party, (c) which may succeed to the properties and
assets of the Servicer substantially as a whole or (d) with respect to the
Servicer's obligations hereunder, which is a legal entity 50% or more of the
voting power of which is owned, directly or indirectly, by DaimlerChrysler AG
or an affiliate of or successor to DaimlerChrysler AG or an affiliate of such
successor, which Person executed an agreement of assumption to perform every
obligation of the Servicer hereunder, shall be the successor to the Servicer
under this Agreement without further act on the part of any of the parties to
this Agreement; provided, however, that (i) immediately after giving effect to
such transaction, no Servicer Default and no event which, after notice or
lapse of time, or both, would become a Servicer Default shall have occurred
and be continuing, (ii) the Servicer shall have delivered to the Owner Trustee
and the Indenture Trustee an Officer's Certificate and an Opinion of Counsel
each stating that such consolidation, merger or succession and such agreement
of assumption comply with this Section and that all conditions precedent
provided for in this Agreement relating to such transaction have been complied
with, (iii) the Rating Agency Condition shall have been satisfied with respect
to such transaction, (iv) immediately after giving effect to such transaction,
the successor to the Servicer shall become the Administrator under the
Administration Agreement in accordance with Section 8 of such Agreement and
(v) the Servicer shall have delivered to the Owner Trustee and the Indenture
Trustee an Opinion of Counsel stating that, in the opinion of such counsel,
either (A) all financing statements and continuation statements and amendments
thereto have been executed and filed that are necessary fully to preserve and
protect the interest of the Owner Trustee and the Indenture Trustee,
respectively, in the Receivables and reciting the details of such filings or
(B) no such action shall be necessary to preserve and protect such interests.
Notwithstanding anything herein to the contrary, the execution of the
foregoing agreement of assumption and compliance with clauses (i), (ii),
(iii), (iv) and (v) above shall be conditions to the consummation of the
transactions referred to in clause (a), (b) or (c) above. The Servicer shall
provide the Seller in writing such information as reasonably requested by the
Seller to comply with its Exchange Act reporting obligations with respect to a
successor Servicer.

                                      41
<PAGE>

     Section 7.04 Limitation on Liability of Servicer and Others. Neither the
Servicer nor any of the managers, officers, employees or agents of the
Servicer shall be under any liability to the Issuer, the Noteholders or the
Certificateholders, except as provided under this Agreement, for any action
taken or for refraining from the taking of any action pursuant to this
Agreement or for errors in judgment; provided, however, that this provision
shall not protect the Servicer or any such Person against any liability that
would otherwise be imposed by reason of willful misfeasance, bad faith or
negligence in the performance of duties or by reason of reckless disregard of
obligations and duties under this Agreement. The Servicer and any manager,
officer, employee or agent of the Servicer may rely in good faith on any
document of any kind prima facie properly executed and submitted by any person
respecting any matters arising under this Agreement.

     Except as provided in this Agreement, the Servicer shall not be under any
obligation to appear in, prosecute or defend any legal action that shall not
be incidental to its duties to service the Receivables in accordance with this
Agreement and that in its opinion may involve it in any expense or liability;
provided, however, that the Servicer may undertake any reasonable action that
it may deem necessary or desirable in respect of this Agreement and the Basic
Documents and the rights and duties of the parties to this Agreement and the
Basic Documents and the interests of the Certificateholders under this
Agreement and the Noteholders under the Indenture.

     Section 7.05 DCFS Not to Resign as Servicer. Subject to the provisions of
Section 7.03, DCFS shall not resign from the obligations and duties hereby
imposed on it as Servicer under this Agreement except upon a determination
that the performance of its duties under this Agreement shall no longer be
permissible under applicable law and cannot be cured. Notice of any such
determination permitting the resignation of DCFS shall be communicated to the
Owner Trustee and the Indenture Trustee at the earliest practicable time (and,
if such communication is not in writing, shall be confirmed in writing at the
earliest practicable time) and any such determination shall be evidenced by an
Opinion of Counsel to such effect delivered to the Owner Trustee and the
Indenture Trustee concurrently with or promptly after such notice. No such
resignation shall become effective until the Indenture Trustee or a successor
Servicer shall (i) have assumed the responsibilities and obligations of DCFS
in accordance with Section 8.02, (ii) have become the Administrator under the
Administration Agreement in accordance with Section 8 of such Agreement and
(iii) have provided in writing the information reasonably requested by the
Seller to comply with its reporting obligations under the Exchange Act with
respect to a successor Servicer.

                                 ARTICLE VIII

                                    Default
                                    -------

     Section 8.01 Servicer Default. If any one of the following events (a
"Servicer Default") shall occur and be continuing:

          (a) any failure by the Servicer to deposit in the Deposit Account
     any required payment or to direct the Indenture Trustee to make any
     required distributions therefrom,

                                      42
<PAGE>

     which failure continues unremedied for a period of five Business Days
     after written notice of such failure is received by the Servicer from the
     Owner Trustee or the Indenture Trustee or after discovery of such failure
     by an officer of the Servicer; or

          (b) failure by the Servicer or the Seller, as the case may be, duly
     to observe or to perform in any material respect any other covenants or
     agreements of the Servicer or the Seller (as the case may be) set forth
     in this Agreement or any other Basic Document, which failure shall (i)
     materially and adversely affect the rights of Certificateholders or
     Noteholders and (ii) continue unremedied for a period of 60 days after
     the date on which written notice of such failure, requiring the same to
     be remedied, shall have been given (A) to the Servicer or the Seller (as
     the case may be) by the Owner Trustee or the Indenture Trustee or (B) to
     the Servicer or the Seller (as the case may be), and to the Indenture
     Trustee by the Holders of Notes, evidencing not less than 25% of the
     Outstanding Amount of the Notes, or if the Notes are no longer
     Outstanding, Holders (as defined in the Trust Agreement) of Certificates
     evidencing Percentage Interests (as defined in the Trust Agreement)
     aggregating at least 25%; or

          (c) the occurrence of an Insolvency Event with respect to the
     Seller, the Servicer or the Company;

then, and in each and every case, so long as the Servicer Default shall not
have been remedied, either the Indenture Trustee or the Holders of Notes
evidencing not less than 25% of the Outstanding Amount of the Notes, by notice
then given in writing to the Servicer (and to the Indenture Trustee and the
Owner Trustee if given by the Noteholders) may terminate all the rights and
obligations (other than the obligations set forth in Section 7.02 hereof) of
the Servicer under this Agreement. On or after the receipt by the Servicer of
such written notice, all authority and power of the Servicer under this
Agreement, whether with respect to the Notes, the Receivables or otherwise,
shall, without further action, pass to and be vested in the Indenture Trustee
or such successor Servicer as may be appointed under Section 8.02; and,
without limitation, the Indenture Trustee and the Owner Trustee are hereby
authorized and empowered to execute and deliver, for the benefit of the
predecessor Servicer, as attorney-in-fact or otherwise, any and all documents
and other instruments, and to do or accomplish all other acts or things
necessary or appropriate to effect the purposes of such notice of termination,
whether to complete the transfer and endorsement of the Receivables and
related documents, or otherwise. The predecessor Servicer shall cooperate with
the successor Servicer, the Indenture Trustee and the Owner Trustee in
effecting the termination of the responsibilities and rights of the
predecessor Servicer under this Agreement, including the transfer to the
successor Servicer for administration by it of all cash amounts that shall at
the time be held by the predecessor Servicer for deposit, or shall thereafter
be received by it with respect to any Receivable. All reasonable costs and
expenses (including attorneys' fees) incurred in connection with transferring
the Receivable Files to the successor Servicer and amending this Agreement to
reflect such succession as Servicer pursuant to this Section shall be paid by
the predecessor Servicer upon presentation of reasonable documentation of such
costs and expenses. Any successor Servicer (including the Indenture Trustee as
successor Servicer) shall provide the Seller in writing with such information
as is reasonably requested by the Seller to comply with its reporting
obligations

                                      43
<PAGE>

under the Exchange Act with respect to such Servicer. Upon receipt of notice
of the occurrence of a Servicer Default, the Owner Trustee shall give notice
thereof to the Rating Agencies.

     Section 8.02 Appointment of Successor. (a) Upon the Servicer's receipt of
notice of termination pursuant to Section 8.01 or the Servicer's resignation
in accordance with the terms of this Agreement, the predecessor Servicer shall
continue to perform its functions as Servicer under this Agreement, in the
case of termination, only until the date specified in such termination notice
or, if no such date is specified in a notice of termination, until receipt of
such notice and, in the case of resignation, until the later of (i) the date
45 days from the delivery to the Owner Trustee and the Indenture Trustee of
written notice of such resignation (or written confirmation of such notice) in
accordance with the terms of this Agreement and (ii) the date upon which the
predecessor Servicer shall become unable to act as Servicer, as specified in
the notice of resignation and accompanying Opinion of Counsel. In the event of
the Servicer's termination hereunder, the Indenture Trustee shall appoint a
successor Servicer, and the successor Servicer shall accept its appointment
(including its appointment as Administrator under the Administration Agreement
as set forth in Section 8.02(b)) by a written assumption in form acceptable to
the Owner Trustee and the Indenture Trustee. In the event that a successor
Servicer has not been appointed at the time when the predecessor Servicer has
ceased to act as Servicer in accordance with this Section, the Indenture
Trustee without further action shall automatically be appointed the successor
Servicer and the Indenture Trustee shall be entitled to the Servicing Fee.
Notwithstanding the above, the Indenture Trustee shall, if it shall be
unwilling or legally unable so to act, appoint or petition a court of
competent jurisdiction to appoint any established institution, having a net
worth of not less than $100,000,000 and whose regular business shall include
the servicing of automotive receivables, as the successor to the Servicer
under this Agreement.

     (b) Upon appointment, the successor Servicer (including the Indenture
Trustee acting as successor Servicer) shall (i) be the successor in all
respects to the predecessor Servicer and shall be subject to all the
responsibilities, duties and liabilities arising thereafter relating thereto
placed on the predecessor Servicer and shall be entitled to the Servicing Fee
and all the rights granted to the predecessor Servicer by the terms and
provisions of this Agreement and (ii) become the Administrator under the
Administration Agreement in accordance with Section 8 of the Administration
Agreement.

     (c) The Servicer may not resign unless it is prohibited from serving as
such by law.

     Section 8.03 Notification to Noteholders and Certificateholders. Upon any
termination of, or appointment of a successor to, the Servicer pursuant to
this Article VIII, the Owner Trustee shall give prompt written notice thereof
to Certificateholders, and the Indenture Trustee shall give prompt written
notice thereof to Noteholders and the Rating Agencies.

     Section 8.04 Waiver of Past Defaults. The Holders of Notes evidencing not
less than a majority of the Outstanding Amount of the Notes or, if the Notes
are no longer Outstanding, the Holders (as defined in the Trust Agreement) of
Certificates evidencing not less than a majority of the Percentage Interests
(as defined in the Trust Agreement) may, on behalf of all Noteholders or the
Holders of the Certificates, as the case may be, waive in writing any default
by the Servicer

                                      44
<PAGE>

in the performance of its obligations hereunder and its consequences, except a
default in making any required allocations or distributions from the Deposit
Account in accordance with this Agreement. Upon any such waiver of a past
default, such default shall cease to exist, and any Servicer Default arising
therefrom shall be deemed to have been remedied for every purpose of this
Agreement. No such waiver shall extend to any subsequent or other default or
impair any right consequent thereto.

                                  ARTICLE IX

                                  Termination
                                  -----------

     Section 9.01 Optional Purchase of All Receivables. (a) As of the last day
of any Collection Period as of which the then outstanding Pool Balance is 10%
or less of the Original Pool Balance and the Class A-1 Notes, Class A-2 Notes
and Class A-3 Notes have been paid in full or will be paid in full on the next
Payment Date, the Servicer shall have the option to purchase the Owner Trust
Estate, other than the Deposit Account; provided, however, that, unless
Moody's agrees otherwise, the Servicer may not effect any such purchase if the
rating of the DaimlerChrysler North America Holding Corporation's long-term
debt obligations is less than "Baa3" by Moody's (the satisfaction of such
condition to be confirmed by the Servicer to the Owner Trustee and the
Indenture Trustee in an Officer's Certificate), unless the Owner Trustee and
the Indenture Trustee shall have received an Opinion of Counsel to the effect
that such purchase would not constitute a fraudulent conveyance. To exercise
such option, the Servicer shall deposit pursuant to Section 5.04 in the
Deposit Account an amount equal to the aggregate Purchase Amount for the
Receivables (including defaulted Receivables), plus the appraised value of any
such other property held by the Trust other than the Deposit Account, such
value to be determined by an appraiser mutually agreed upon by the Servicer,
the Owner Trustee and the Indenture Trustee, and shall succeed to all
interests in and to the Trust. Notwithstanding the foregoing, the Servicer
shall not be permitted to exercise such option unless the amount to be
deposited in the Deposit Account pursuant to the preceding sentence, together
with any other funds in the Deposit Account, is greater than or equal to the
sum of the outstanding principal amount of the Notes and all accrued but
unpaid interest (including any overdue interest and premium) thereon.

     (b) Notice of the exercise of the option in Section 9.01(a) shall be
given by the Servicer to the Owner Trustee and the Indenture Trustee on or
prior to the last day of the Collection Period referred to in Section 9.01(a).

                                  ARTICLE X

                                 Miscellaneous
                                 -------------

     Section 10.01 Amendment. This Agreement may be amended by the Seller, the
Servicer and the Issuer, with the consent of the Indenture Trustee, but
without the consent of any of the Noteholders or the Certificateholders, to
cure any ambiguity, to correct or supplement any provisions in this Agreement
or for the purpose of adding any provisions to or changing in any

                                      45
<PAGE>

manner or eliminating any of the provisions in this Agreement (including for
the issuance of Fixed Value Securities pursuant to Section 2.03) or of
modifying in any manner the rights of the Noteholders or the
Certificateholders; provided, however, that such action shall not, as
evidenced by an Opinion of Counsel delivered to the Owner Trustee and the
Indenture Trustee, adversely affect in any material respect the interests of
any Noteholder or Certificateholder.

     This Agreement may also be amended from time to time by the Seller, the
Servicer and the Issuer, with the consent of the 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 (as defined in
the Trust Agreement) of outstanding Certificates evidencing not less than a
majority of the Percentage Interests (as defined in the Trust Agreement) for
the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of this Agreement or of modifying in any
manner the rights of the Noteholders or the Certificateholders; provided,
however, that no such amendment shall (a) increase or reduce in any manner the
amount of, or accelerate or delay the timing of, collections of payments on
Receivables or distributions that shall be required to be made for the benefit
of the Noteholders or the Certificateholders or (b) reduce the aforesaid
percentage of the Outstanding Amount of the Notes or the Percentage Interests
(as defined in the Trust Agreement), 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 (as defined in the Trust Agreement) of all
the outstanding Certificates.

     Prior to the execution of any such amendment the Servicer will provide
written notification of the substance of such amendment to each of the Rating
Agencies.

     Promptly after the execution of any such amendment or consent pursuant to
either of the two preceding paragraphs, the Owner Trustee shall furnish
written notification of the substance of such amendment or consent to each
Certificateholder, the Indenture Trustee and each of the Rating Agencies.

     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.

     Prior to the execution of any amendment to this Agreement, the Owner
Trustee and the Indenture Trustee shall be entitled to receive and rely upon
an Opinion of Counsel stating that the execution of such amendment is
authorized or permitted by this Agreement and the Opinion of Counsel referred
to in Section 10.02(i)(1). The Owner Trustee and the Indenture Trustee may,
but shall not be obligated to, enter into any such amendment which affects the
Owner Trustee's or the Indenture Trustee's, as applicable, own rights, duties
or immunities under this Agreement or otherwise.

     Section 10.02 Protection of Title to Trust. (a) The Seller shall file
such financing statements and cause to be 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 the Issuer and of the Indenture
Trustee in the Receivables and in the proceeds thereof. The Seller shall

                                      46
<PAGE>

deliver (or cause to be delivered) to the Owner Trustee and the Indenture
Trustee file-stamped copies of, or filing receipts for, any document filed as
provided above, as soon as available following such filing.

     (b) Neither the Seller nor the Servicer shall change its name, identity
or corporate structure in any manner that would, could or might make any
financing statement or continuation statement filed in accordance with
paragraph (a) above seriously misleading within the meaning of ss. 9-506 of
the UCC, unless it shall have given the Owner Trustee and the Indenture
Trustee at least five days' prior written notice thereof and shall have
promptly filed appropriate amendments to all previously filed financing
statements or continuation statements.

     (c) Each of the Seller and the Servicer shall have an obligation to give
the Owner Trustee and the Indenture Trustee at least 60 days' prior written
notice of any change in the jurisdiction in which it is organized if, as a
result of such change, the applicable provisions of the UCC would require the
filing of any amendment of any previously filed financing or continuation
statement or of any new financing statement and shall promptly file any such
amendment or new financing statement. The Servicer shall at all times maintain
each office from which it shall service Receivables, and its principal
executive office, within the United States of America.

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

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

     (f) If at any time the Seller or the Servicer 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, the
Servicer shall give to such prospective purchaser, lender or other transferee
computer tapes, records or printouts (including any restored from backup
archives) that, if they shall refer in any manner whatsoever to any Standard
Receivable or Fixed Value Receivable, shall indicate clearly that such
Standard Receivable or Fixed Value

                                      47
<PAGE>

Receivable has been sold and is owned by the Issuer and has been pledged to
the Indenture Trustee.

     (g) The Servicer shall permit the Indenture Trustee and its agents at any
time during normal business hours to inspect, audit and make copies of and
abstracts from the Servicer's records regarding any Standard Receivable or
Fixed Value Receivable.

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

     (i) The Servicer shall deliver to the Owner Trustee and the Indenture
Trustee:

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

          (2) within 90 days after the beginning of each calendar year
     beginning with the first calendar year beginning more than three months
     after the Cutoff Date, an Opinion of Counsel, dated as of a date during
     such 90-day period, stating that, in the opinion of such counsel, either
     (A) all financing statements and continuation statements have been filed
     that are necessary fully to preserve and protect the interest of the
     Owner Trustee and the Indenture Trustee in the Receivables, and reciting
     the details of such filings or referring to prior Opinions of Counsel in
     which such details are given, or (B) no such action shall be necessary to
     preserve and protect such interest.

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.

     (j) The Seller shall, to the extent required by applicable law, cause the
Notes to be registered with the Commission pursuant to Section 12(b) or
Section 12(g) of the Exchange Act within the time periods specified in such
sections.

     Section 10.03 Notices. All demands, notices, communications and
instructions upon or to the Seller, the Servicer, the Owner Trustee, the
Indenture Trustee or the Rating Agencies under this Agreement shall be in
writing, personally delivered, electronically delivered or mailed by certified
mail, return receipt requested, and shall be deemed to have been duly given
upon receipt (a) in the case of the Seller or the Servicer, to DaimlerChrysler
Financial Services Americas LLC, 27777 Inkster Road, Farmington Hills,
Michigan 48334, Attention of Assistant Secretary ((248) 427- 2565), (b) in the
case of the Issuer or the Owner Trustee, at the Corporate

                                      48
<PAGE>

Trust Office (as defined in the Trust Agreement), (c) in the case of the
Indenture Trustee, at the Corporate Trust Office, (d) in the case of Moody's,
to Moody's Investors Service, Inc., 99 Church Street, New York, New York 10007
and (e) in the case of Standard & Poor's, via electronic delivery to
Servicer_reports@sandp.com, or if not available in electronic format, to
Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies,
Inc., 55 Water Street, New York, New York 10004, Attention of Asset Backed
Surveillance Department; or, as to each of the foregoing, at such other
address as shall be designated by written notice to the other parties.

     Section 10.04 Assignment by the Seller or the Servicer. Notwithstanding
anything to the contrary contained herein, except as provided in the remainder
of this Section, as provided in Sections 6.04 and 7.03 herein and as provided
in the provisions of this Agreement concerning the resignation of the
Servicer, this Agreement may not be assigned by the Seller or the Servicer.
The Issuer and the Servicer hereby acknowledge and consent to the conveyance
and assignment (i) by the Seller to the Company pursuant to the Purchase
Agreement and (ii) by the Company to a limited liability company or other
Person (provided that conveyance and assignment is made in accordance with
Section 5.05 of the Purchase Agreement), of any and all of the Seller's rights
and interests (and corresponding obligations, if any) hereunder with respect
to receiving amounts from the Reserve Account and with respect to receiving
and conveying any Fixed Value Payments, and the Issuer and the Servicer hereby
agree that the Company, and any such assignee of the Company, shall be
entitled to enforce such rights and interests directly against the Issuer as
if the Company, or such assignee of the Company, were itself a party to this
Agreement.

     Section 10.05 Limitations on Rights of Others. The provisions of this
Agreement are solely for the benefit of the Seller, the Company (and any
assignee of the Company pursuant to Section 10.04), the Servicer, the Issuer,
the Owner Trustee, the Certificateholders, the Indenture Trustee and the
Noteholders, and nothing in this Agreement, whether express or implied, shall
be construed to give to any other Person any legal or equitable right, remedy
or claim in the Owner Trust Estate or under or in respect of this Agreement or
any covenants, conditions or provisions contained herein.

     Section 10.06 Severability. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate
or render unenforceable such provision in any other jurisdiction.

     Section 10.07 Separate Counterparts. This Agreement may be executed by
the parties hereto in separate counterparts, each of which when so executed
and delivered shall be an original, but all such counterparts shall together
constitute but one and the same instrument.

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

                                      49
<PAGE>

     Section 10.09 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 10.10 Assignment by Issuer. The Seller hereby acknowledges and
consents to any mortgage, pledge, assignment and grant of a security interest
by the Issuer to the Indenture Trustee pursuant to the Indenture for the
benefit of the Noteholders of all right, title and interest of the Issuer in,
to and under the Receivables and/or the assignment of any or all of the
Issuer's rights and obligations hereunder to the Indenture Trustee.

     Section 10.11 Nonpetition Covenants. (a) Notwithstanding any prior
termination of this Agreement, the Servicer and the Seller shall not, prior to
the date which is one year and one day after the termination of this Agreement
with respect to the Issuer or the Company, acquiesce, petition or otherwise
invoke or cause the Issuer or the Company (or any assignee of the Company
pursuant to Section 10.04) to invoke the process of any court or government
authority for the purpose of commencing or sustaining a case against the
Issuer or the Company (or any assignee of the Company pursuant to Section
10.04) under any federal or state bankruptcy, insolvency or similar law, or
appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator
or other similar official of the Issuer or the Company (or any assignee of the
Company pursuant to Section 10.04) or any substantial part of its property, or
ordering the winding up or liquidation of the affairs of the Issuer or the
Company (or any assignee of the Company pursuant to Section 10.04).

     (b) Notwithstanding any prior termination of this Agreement, the Servicer
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 its property, or ordering the winding up or liquidation of
the affairs of the Seller.

     Section 10.12 Limitation of Liability of Owner Trustee and Indenture
Trustee. (a)Notwithstanding anything contained herein to the contrary, this
Agreement has been countersigned by Chase Bank USA, National Association not
in its individual capacity but solely in its capacity as Owner Trustee of the
Issuer and in no event shall Chase Bank USA, National Association in its
individual capacity or, except as expressly provided in the Trust Agreement,
as beneficial owner of the Issuer have any liability for the representations,
warranties, covenants, agreements or other obligations of the Issuer hereunder
or in any of the certificates, notices or agreements delivered pursuant
hereto, as to all of which recourse shall be had solely to the assets of the
Issuer. For all purposes of this Agreement, in the performance of its duties
or obligations hereunder or in the performance of any duties or obligations of
the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to
the benefits of, the terms and provisions of Articles VI, VII and VIII of the
Trust Agreement.

                                      50
<PAGE>

     (b) Notwithstanding anything contained herein to the contrary, this
Agreement has been accepted by Deutsche Bank Trust Company Americas, not in
its individual capacity but solely as Indenture Trustee and in no event shall
Deutsche Bank Trust Company Americas 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.

                                  ARTICLE XI

                            Exchange Act Reporting
                            ----------------------

     Section 11.01 Further Assurances. The Indenture Trustee, the Owner
Trustee and the Servicer shall reasonably cooperate with the Seller in
connection with the satisfaction of the Seller's reporting requirements under
the Exchange Act with respect to the Issuer. The Seller shall not exercise its
right to request delivery of information or other performance under these
provisions other than in good faith. In addition to the information specified
below, if so requested by the Seller for the purpose of satisfying its
reporting obligation under the Exchange Act, the Indenture Trustee, the Owner
Trustee and the Servicer shall provide the Seller with (a) such information
which is available to such Person without unreasonable effort or expense and
within such timeframe as may be reasonably requested by the Seller to comply
with the Seller's reporting obligations under the Exchange Act and (b) to the
extent such Person is a party (and the Seller is not a party) to any agreement
or amendment required to be filed, copies of such agreement or amendment in
EDGAR-compatible form. Each of the Servicer, the Indenture Trustee and the
Owner Trustee acknowledges that interpretations of the requirements of
Regulation AB may change over time, whether due to interpretive guidance
provided by the Commission or its staff, consensus among participants in the
asset-backed securities markets, advice of counsel, or otherwise, and agrees
to comply with reasonable requests made by the Seller in good faith for
delivery of information under these provisions on the basis of evolving
interpretations of Regulation AB.

     Section 11.02 Form 10-D Filings. For so long as the Seller is required to
file Exchange Act Reports with respect to the Issuer, no later than each
Payment Date, each of the Indenture Trustee, the Owner Trustee and the
Servicer shall notify (and the Servicer shall cause any subservicer to notify)
the Seller of any Form 10-D Disclosure Item with respect to such Person,
together with a description of any such Form 10-D Disclosure Item in form and
substance reasonably acceptable to the Seller. In addition to such information
as the Servicer is obligated to provide pursuant to other provisions of this
Agreement, if so requested by the Seller, the Servicer shall provide such
information which is available to the Servicer, without unreasonable effort or
expense regarding the performance or servicing of the Receivables as is
reasonably required to facilitate preparation of distribution reports in
accordance with Item 1121 of Regulation AB. Such information shall be provided
concurrently with the Statements to Noteholders pursuant to Section 5.07,
commencing with the first such report due not less than five Business Days
following such request.

     Section 11.03 Form 8-K Filings. For so long as the Seller is required to
file Exchange Act Reports with respect to the Issuer, each of the Indenture
Trustee, the Owner

                                      51
<PAGE>

Trustee and the Servicer shall promptly notify the Seller, but in no event
later than one (1) Business Day after its occurrence, of any Reportable Event
(in the case of the Owner Trustee, only an event in clause (d) of the
definition of "Reportable Event") of which such Person (or in the case of the
Owner Trustee and the Indenture Trustee, a Responsible Officer of such Person)
has actual knowledge. Each Person shall have actual knowledge of any such
event only to the extent that it relates to such Person or any action or
failure to act by such Person.

     Section 11.04 Form 10-K Filings. For so long as the Seller is required to
file Exchange Act Reports: (i) if the Item 1119 Parties listed on Appendix A
have changed since the Closing Date, no later than March 1 of each year, the
Seller shall provide each of the Indenture Trustee, the Owner Trustee and the
Servicer with an updated Appendix A setting forth the Item 1119 Parties and
(ii) no later than March 15 of each year, commencing in 2007, the Indenture
Trustee, the Owner Trustee and the Servicer shall notify the Seller of any
Form 10-K Disclosure Item, together with a description of any such Form 10-K
Disclosure Item in form and substance reasonably acceptable to the Seller.

     Section 11.05 Report on Assessment of Compliance and Attestation. So long
as the Seller is required to file Exchange Act Reports in respect of the
Issuer, on or before March 15 of each calendar year, commencing in 2007:

          (a) The Indenture Trustee shall deliver to the Seller and the
     Servicer a report of the Indenture Trustee's assessment of compliance
     with the Servicing Criteria during the immediately preceding calendar
     year, as set forth under Rules 13a-18 and 15d-18 of the Exchange Act (or
     any successor provisions) and Item 1122 of Regulation AB. Such report
     shall be signed by an authorized officer of the Indenture Trustee and
     shall at a minimum address each of the Servicing Criteria specified on a
     certification in the form of Appendix B hereto delivered to the Seller
     concurrently with the execution of this Agreement (provided that such
     certification may be revised after the date of this Agreement as agreed
     by the Seller and the Indenture Trustee to reflect any guidance with
     respect to such criteria from the Commission). To the extent any of the
     Servicing Criteria are not applicable to the Indenture Trustee, with
     respect to asset-backed securities transactions taken as a whole
     involving the Indenture Trustee and that are backed by the same asset
     type as the Receivables, such report shall include such a statement to
     that effect. The Indenture Trustee acknowledges and agrees that the
     Seller with respect to its duties as the Certifying Person, and each of
     their respective officers and directors shall be entitled to rely upon
     each such servicing criteria assessment and the attestation delivered
     pursuant to Section 11.05(b) below.

          (b) The Indenture Trustee shall deliver to the Seller and the
     Servicer a report of a registered public accounting firm that attests to,
     and reports on, the assessment of compliance made by the Indenture
     Trustee and delivered pursuant to the preceding paragraph. Such
     attestation shall be in accordance with Rules 13a-18 and 15d-18 of the
     Exchange Act (or any successor provisions), Rules 1-02(a)(3) and 2-02(g)
     of Regulation S-X (or any successor provisions) under the Securities Act
     and the Exchange Act, including, without limitation that in the event
     that an overall opinion cannot be expressed, such registered public
     accounting firm shall state in such report why it was unable to

                                      52
<PAGE>

     express such an opinion. Such report must be available for general use
     and not contain restricted use language.

          (c) The Indenture Trustee shall cause each Reporting Subcontractor
     to deliver to the Seller and the Servicer an assessment of compliance and
     accountants' attestation as and when provided in paragraphs (a) and (b)
     of this Section 11.05. An assessment of compliance provided by a
     Subcontractor need not address any elements of the Servicing Criteria
     other than those specified by the Indenture Trustee pursuant to Section
     11.05(a).

          (d) In the event the Indenture Trustee or Reporting Subcontractor is
     terminated or resigns during the term of this Agreement, such Person
     shall provide the documents and information pursuant to this Section
     11.05 with respect to the period of time it was subject to this Agreement
     or provided services with respect to the Trust or the Receivables.

     Section 11.06 Back-up Sarbanes-Oxley Certification. No later than March
15 of each year, beginning in 2007, the Servicer shall provide to the Person
who signs the Sarbanes-Oxley Certification (the "Certifying Person") a
certification (each, a "Performance Certification") and shall cause each
Reporting Subcontractor, in the form attached hereto as Appendix C (in the
case of a Reporting Subcontractor) and as Appendix D (in the case of the
Servicer) on which the Certifying Person, the entity for which the Certifying
Person acts as an officer, and such entity's officers, directors and
Affiliates (collectively with the Certifying Person, "Certification Parties")
can reasonably rely. The Seller will not request delivery of a certification
under this Section 11.06 unless the Seller is required under the Exchange Act
to file an annual report on Form 10-K with respect to the Issuer. So long as
the Servicer is the Seller or an Affiliate of the Seller, the Servicer is not
required to deliver the Performance Certification. In the event that prior to
the filing date of the Form 10-K in March of each year, the Indenture Trustee
or the Servicer has actual knowledge of information as to itself (or any of
its Subcontractors appointed pursuant to Section 11.07) that is material to
the Sarbanes-Oxley Certification, the Indenture Trustee or the Servicer shall
promptly notify the Seller. Each of the Indenture Trustee and the Servicer
agrees to cooperate with all reasonable requests made by any Certifying Person
or Certification Party in connection with such Person's attempt to conduct any
due diligence that such Person reasonably believes to be appropriate in order
to allow it to deliver any Sarbanes-Oxley Certification or portion thereof
with respect to the Issuer.

     Section 11.07 Use of Subcontractors. (a) It shall not be necessary for
the Indenture Trustee or the Servicer to seek the consent of the Seller or any
other party hereto to the utilization of any Subcontractor. Each of the
Indenture Trustee and the Servicer shall promptly upon request provide to the
Seller (or any designee of the Seller, such as the Servicer or the
Administrator) a written description (in form and substance satisfactory to
the Seller) of the role and function of each Subcontractor utilized by such
Person, specifying (i) the identity of each such Subcontractor, (ii) which (if
any) of such Subcontractors are "participating in the servicing function"
within the meaning of Item 1122 of Regulation AB and (iii) which elements of
the Servicing Criteria will be addressed in assessments of compliance provided
by each Subcontractor identified pursuant to clause (ii) of this sentence.

                                      53
<PAGE>

     (b) As a condition to the utilization of any Subcontractor determined to
be a Reporting Subcontractor, the Indenture Trustee shall cause any such
Subcontractor for the benefit of the Seller to comply with the provisions of
Sections 11.05 and 11.06 to the same extent as if such Subcontractor were the
Indenture Trustee. The Indenture Trustee shall be responsible for obtaining
from each such Subcontractor and delivering to the Seller, any assessment of
compliance and attestation required to be delivered by such Subcontractor
under Sections 11.05 and 11.06, in each case as and when required to be
delivered.

     (c) As a condition to the utilization of any Subcontractor determined to
be a Reporting Subcontractor, the Servicer shall cause any such Subcontractor
for the benefit of the Seller to comply with the provisions of Section
4.10(a)(ii), Section 4.11 and Section 11.06 to the same extent as if such
Subcontractor were the Servicer. The Servicer shall be responsible for
obtaining from each such Subcontractor and delivering to the Seller, any
assessment of compliance and attestation required to be delivered by such
Subcontractor under this Agreement, in each case as and when required to be
delivered.

     Section 11.08 Representations and Warranties. Each of the Indenture
Trustee and the Owner Trustee represents that (i) there are no affiliations,
relating to such Person with respect to any 1119 Party, (ii) there are no
relationships or transactions with respect to any 1119 Party and such Person
that are outside the ordinary course of business or on terms other than would
be obtained in an arm's-length transaction with an unrelated third party,
apart from the transactions contemplated under the Basic Documents, and that
are material to the investors' understanding of the Notes and (iii) there are
no legal proceedings pending, or known to be contemplated by governmental
authorities, against such Person, or of which the property of such Person is
subject, that is material to the Noteholders.

     Section 11.09 Indemnification. (a) Each of the Indenture Trustee and the
Servicer (if the Seller is not the Servicer) shall indemnify the Seller, each
affiliate of the Seller, the Servicer with respect to its duties as Certifying
Person or each Person who controls any of such parties (within the meaning of
Section 15 of the Securities Act and Section 20 of the Exchange Act) and the
respective present and former directors, officers, employees and agents of
each of the foregoing, and shall hold each of them harmless from and against
any losses, damages, penalties, fines, forfeitures, legal fees and expenses
and related costs, judgments, and any other costs, fees and expenses that any
of them may sustain arising out of or based upon:

          (i) (A) any untrue statement of a material fact contained or alleged
     to be contained in (x) with respect to the Indenture Trustee, the
     assessment of compliance provided under this Article XI and (y) with
     respect to the Servicer, Section 4.10 and Section 4.11 by or on behalf of
     such Person (with respect to each such party, the "Provided
     Information"), or (B) the omission or alleged omission to state in the
     Provided Information a material fact required to be stated in the
     Provided Information, or necessary in order to make the statements
     therein, in the light of the circumstances under which they were made,
     not misleading; provided, by way of clarification, that clause (B) of
     this paragraph shall be construed solely by reference to the related
     Provided Information and not to any other information communicated in
     connection with a sale or purchase of

                                      54
<PAGE>

     securities, without regard to whether the Provided Information or any
     portion thereof is presented together with or separately from such other
     information; or

          (ii) with respect to the Indenture Trustee, any failure by the
     Indenture Trustee to deliver any assessment of compliance when and as
     required under this Article XI and with respect to the Servicer, any
     failure by the Servicer to deliver any information, report,
     certification, accountants' letter or other material when and as required
     under Section 4.10, Section 4.11 or Article XI, as applicable.

     (b) In the case of any failure of performance described in clause (ii) of
Section 11.09(a), each of the Indenture Trustee and the Servicer shall
promptly reimburse the Seller for all costs reasonably incurred by each such
party in order to obtain the information, report, certification, accountants'
letter or other material not delivered as required by the Indenture Trustee or
the Servicer, as applicable.

     (c) Each of the Indenture Trustee and the Servicer shall require that any
Reporting Subcontractor agree to the provisions of paragraphs (a) and (b) of
this Section 11.09, or shall be responsible for all such indemnification,
costs or expenses if the Reporting Subcontractor will not agree to such
provisions.

     (d) Notwithstanding anything to the contrary contained herein, in no
event shall the Indenture Trustee be liable for special, indirect or
consequential damages of any kind whatsoever, including but not limited to
lost profits, even if the Indenture Trustee has been advised of the likelihood
of such loss or damage and regardless of the form of action.

     Section 11.10 Amendments. In the event the parties to this Agreement
desire to further clarify or amend any provision of this Article XI, this
Agreement shall be amended to reflect the new agreement between the parties
covering matters in this Article XI pursuant to Section 11.01, provided such
amendment will not require any Opinion of Counsel or satisfaction of the
Rating Agency Condition or the consent of any Noteholder or Certificateholder.

                                      55
<PAGE>

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

                                        DAIMLERCHRYSLER AUTO TRUST 2006-C

                                        By:   Chase Bank USA, National
                                              Association, not in its individual
                                              capacity but solely as Owner
                                              Trustee on behalf of the Trust

                                              By:  /s/ John J. Cashin
                                                   -----------------------------
                                              Name:  John J. Cashin
                                              Title:    Vice President

                                        DAIMLERCHRYSLER FINANCIAL SERVICES
                                        AMERICAS LLC,
                                        Seller and Servicer

                                        By:  /s/ M. L. Davis
                                             -----------------------------------
                                        Name:   M. L. Davis
                                        Title:  Assistant Controller

Acknowledged and accepted and,
solely for purposes of Article XI,
agreed as of the day and year
first above written:

DEUTSCHE BANK TRUST COMPANY AMERICAS,
not in its individual capacity
but solely as Indenture Trustee

By:   /s/ Michele H.Y. Voon
      ---------------------
Name: Michele H.Y. Voon
Title:   Associate Vice President

By:   /s/ Eileen Hughes
      -----------------
Name:  Eileen Hughes
Title:  Vice President

<PAGE>

CHASE BANK USA, NATIONAL ASSOCIATION,
not in its individual capacity, but solely as
Owner Trustee

By:  /s/ John J. Cashin
     ----------------------------
Name:   John J. Cashin
Title:  Vice President

                                      2

<PAGE>

                                                                      SCHEDULE A

                            Schedule of Receivables
                            -----------------------

       Delivered to the Owner Trustee and Indenture Trustee at Closing

                                  Schedule A

<PAGE>

                                                                      SCHEDULE B

                         Location of Receivable Files

1. 3433 Progress Drive, Bensalem PA 19020.
2. 1202 Avenue R, Grand Prairie, TX 75050.

                                  Schedule B

<PAGE>

                                                                      SCHEDULE C
                               Schedule of YSOA
                               ----------------

     "YSOA" means, with respect to any Payment Date, the amount specified
below with respect to such Payment Date:

Closing Date.........  $137,621,900.13     November 2009......... $15,329,613.02
November 2006........   128,762,747.13     December 2009.........  13,857,673.97
December 2006........   123,967,389.78     January 2010..........  12,473,959.74
January 2007.........   119,268,292.32     February 2010.........  11,177,818.73
February 2007........   114,665,663.65     March 2010............   9,968,341.82
March 2007...........   110,159,816.35     April 2010............   8,844,167.16
April 2007...........   105,751,145.36     May 2010..............   7,802,459.78
May 2007.............   101,440,127.15     June 2010.............   6,839,518.59
June 2007............    97,227,234.98     July 2010.............   5,951,964.84
July 2007............    93,112,794.05     August 2010...........   5,136,711.88
August 2007..........    89,097,095.32     September 2010........   4,391,543.22
September 2007.......    85,180,439.53     October 2010..........   3,714,887.41
October 2007.........    81,361,689.26     November 2010.........   3,106,020.86
November 2007........    77,637,389.08     December 2010.........   2,564,200.14
December 2007........    74,003,124.72     January 2011..........   2,088,794.70
January 2008.........    70,459,015.72     February 2011.........   1,679,605.38
February 2008........    67,005,400.51     March 2011............   1,336,063.34
March 2008...........    63,642,523.04     April 2011............   1,057,929.51
April 2008...........    60,370,350.65     May 2011..............     838,126.91
May 2008.............    57,188,518.77     June 2011.............     657,510.21
June 2008............    54,096,737.68     July 2011.............     503,838.91
July 2008............    51,095,078.19     August 2011...........     375,490.60
August 2008..........    48,183,468.01     September 2011........     272,596.06
September 2008.......    45,361,915.14     October 2011..........     195,080.14
October 2008.........    42,630,386.61     November 2011.........     140,773.47
November 2008........    39,988,833.72     December 2011.........      95,672.45
December 2008........    37,437,295.76     January 2012..........      59,471.25
January 2009.........    34,975,962.60     February 2012.........      32,090.80
February 2009........    32,605,214.46     March 2012............      13,417.27
March 2009...........    30,325,430.99     April 2012............       3,447.65
April 2009............   28,136,677.43     May 2012..............         396.95
May 2009..............   26,038,228.22     June 2012.............         120.93
June 2009.............   24,029,606.60     July 2012.............          66.61
July 2009.............   22,110,559.65     August 2012...........          28.26
August 2009...........   20,280,991.34     September 2012........           6.02
September 2009........   18,540,973.45     October 2012
October 2009..........   16,890,544.97        (and thereafter....           0.00

     The YSOA has been calculated for each Payment Date as the sum of the
amount for each Receivable equal to the excess, if any, of

                                 Schedule C-1

<PAGE>

     o    the scheduled payments due on such Receivable for each future
          Collection Period discounted to present value as of the end of the
          preceding Collection Period at the APR of such Receivable, over

     o    the scheduled payments due on the Receivable for each future
          Collection Period discounted to present value as of the end of the
          preceding Collection Period at 8.5%.

     For purposes of such calculation, future scheduled payments on the
Receivables are assumed to be made on their scheduled due dates without any
delays, defaults or prepayments.

                                 Schedule C-2

<PAGE>

                                                                       EXHIBIT A

                Form of Distribution Statement to Noteholders
                ---------------------------------------------

DaimlerChrysler Financial Services Americas LLC
DaimlerChrysler Auto Trust 2006-C Payment Date Statement to Noteholders

________________________________________________________________________________

Amount of Principal Paid to:

Class A-1 Notes:  ($ per $1,000 original principal amount)
Class A-2 Notes:  ($ per $1,000 original principal amount)
Class A-3 Notes:  ($ per $1,000 original principal amount)
Class A-4 Notes:  ($ per $1,000 original principal amount)
Class B Notes: ($ per $1,000 original principal amount)

Amount of Interest Paid to:

Class A-1 Notes:  ($ per $1,000 original principal amount)
Class A-2 Notes:  ($ per $1,000 original principal amount)
Class A-3 Notes:  ($ per $1,000 original principal amount)
Class A-4 Notes:  ($ per $1,000 original principal amount)
Class B Notes: ($ per $1,000 original principal amount)

Total Distribution Amount:

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

Servicing Fee
Servicing Fee Per $1,000 Note

Reserve Account Balance

Pool Balance

                                  Exhibit A-1

<PAGE>

                                                                       EXHIBIT B

                        Form of Servicer's Certificate
                        ------------------------------

DaimlerChrysler Financial Services Americas LLC         Distribution Date: [   ]
DaimlerChrysler Auto Trust 2006-C Monthly Servicer's Certificate     Page 1 of 2
--------------------------------------------------------------------------------
   Payment Determination Statement Number
   Distribution Date
   Record Date

   Dates Covered                            From and Including  To and Including
   -------------                            ------------------  ----------------
      Collections Period
      Accrual Period
      30/360 Days
      Actual/360 Days
                                                Number of
   Collateral Pool Balance Data                  Accounts          $ Amount
   -------------                                 --------          --------
   Pool Balance - Beginning of Period
   Collections of Installment Principal
   Collections Attributable to Full Payoffs
   Principal Amount of Repurchases
   Principal Amount of Gross Losses
                                                                ----------------
   Pool Balance - End of Period (EOP)
                                                                ================
   Pool Statistics                                               End of Period
   ---------------                                              ----------------

   Initial Pool Balance
       (Pool Balance at the Purchase Date)
   Pool Factor
       (Pool Balance as a Percent of
       Initial Pool Balance)

   Ending Overcollateralization (O/C) Amount

   Coverage Ratio (Ending Pool Balance as
      a Percent of Ending Notes)

   Cumulative Net Losses
   Net Loss Ratio (3 mo. Weighted Avg.)

   Cumulative Recovery Ratio

                                                          % of EOP
   Delinquency Information(1)                                Pool       # of
                                              $ Amount     Balance    Accounts
                                              --------    --------    --------
       31-60 Days Delinquent
       61-90 Days Delinquent
       91-120 Days Delinquent
       121 Days or More Delinquent
       Repossessions

       (1) A receivable is not considered past due if the amount past due is
           less than 10% of the scheduled monthly payment.

   60+ Days Delinquency Amount
   60+ Days Delinquency Ratio
      (3 mo. Weighted Avg.)

                                              Current Month       Prior Month
                                              -------------       -----------
   Weighted Average APR

   Weighted Average Remaining Term (months)

   Weighted Average Seasoning (months)

                                  Exhibit B-1

<PAGE>

                                                                       EXHIBIT B

                        Form of Servicer's Certificate
                        ------------------------------

DaimlerChrysler Financial Services Americas LLC         Distribution Date: [   ]
DaimlerChrysler Auto Trust 2006-C Monthly Servicer's Certificate     Page 2 of 2
--------------------------------------------------------------------------------

Cash Sources
-------------
   Collections of Installment
      Principal
   Collections Attributable to Full
      Payoffs
   Principal Amount of Repurchases           O/C Release
                                             -----------
   Recoveries on Loss                        Pool Balance
   Accounts
   Collections of Interest                   Yield Supplement O/C Amount    ____
   Investment Earnings                       Adjusted Pool Balance
   Reserve Account                           Total Securities               ____
                                       ____
   Total Sources
                                       ====

Cash Uses                                    Adjusted O/C Amount
---------
   Servicer Fee                              Target Overcollateralization
                                             Amount
   A Note Interest                           O/C Release Period?            ____
   Priority Principal                        O/C Release
     Distribution Amount
   B Note Interest
   Reserve Fund
   Regular Principal
     Distribution Amount
   Distribution to
     Certificateholders
                                       ____
   Total Cash Uses
                                       ====
Administrative Payment
----------------------
Total Principal and Interest
  Sources
Investment Earnings in Trust
  Account
Daily Collection Remitted
Cash Reserve in Trust Account
Servicer Fee (withheld)
O/C Release to Seller
                                       ____
   Payment Due to/(from)
                                       ====
   Trust Account
                                                     Principal          Interest
                                                     per                per
                      Beginning  Ending   Principal  $1000    Interest  $1000
                      Balance    Balance  Payment    Face     Payment   Face
                      ----------------------------------------------------------
Notes
Class A-1      @ %
Class A-2      @ %
Class A-3      @ %
Class A-4      @ %
Class B        @ %
   Total Notes
                      ===============================         ========

* Class A-1 Interest is computed on an Actual/360 Basis. Days in current period.

                                  Exhibit B-2

<PAGE>

                                  APPENDIX A

                               Item 1119 Parties

DaimlerChrysler Auto Trust 2006-C
DaimlerChrysler Financial Services Americas LLC
Chase Bank USA, National Association
Deutsche Bank Trust Company Americas

                                  Appendix A

<PAGE>

                                  APPENDIX B

                Minimum Servicing Criteria to be Addressed in
                      Assessment of Compliance Statement

            The assessment of compliance to be delivered by the [Trustee]
[Servicer] shall address, at a minimum, the criteria identified as below as
"Applicable Servicing Criteria":

--------------------------------------------------------------------------------
Reg AB Reference     Servicing Criteria                     Applicable Servicing
                                                                  Criteria
--------------------------------------------------------------------------------
                       General Servicing Considerations
--------------------------------------------------------------------------------
1122(d)(1)(i)        Policies and procedures are instituted
                     to monitor any performance or other
                     triggers and events of default in
                     accordance with the transaction
                     agreements.
--------------------------------------------------------------------------------
1122(d)(1)(ii)       If any material servicing activities
                     are outsourced to third parties,
                     policies and procedures are instituted
                     to monitor the third party's
                     performance and compliance with such
                     servicing activities.
--------------------------------------------------------------------------------
1122(d)(1)(iii)      Any requirements in the transaction
                     agreements to maintain a back-up
                     servicer for the Pool Assets are
                     maintained.
--------------------------------------------------------------------------------
1122(d)(1)(iv)       A fidelity bond and errors and
                     omissions policy is in effect on the
                     party participating in the servicing
                     function throughout the reporting
                     period in the amount of coverage
                     required by and otherwise in accordance
                     with the terms of the transaction
                     agreements.
--------------------------------------------------------------------------------
                      Cash Collection and Administration
--------------------------------------------------------------------------------
1122(d)(2)(i)        Payments on pool assets are deposited
                     into the appropriate custodial bank
                     accounts and related bank clearing
                     accounts no more than two business days
                     following receipt, or such other number
                     of days specified in the transaction
                     agreements.
--------------------------------------------------------------------------------
1122(d)(2)(ii)       Disbursements made via wire transfer
                     on behalf of an obligor or to an
                     investor are made only by authorized
                     personnel.
--------------------------------------------------------------------------------
1122(d)(2)(iii)      Advances of funds or guarantees
                     regarding collections, cash flows or
                     distributions, and any interest or
                     other fees charged for such advances,
                     are made, reviewed and approved as
                     specified in the transaction
                     agreements.
--------------------------------------------------------------------------------
1122(d)(2)(iv)       The related accounts for the
                     transaction, such as cash reserve
                     accounts or accounts established as a
                     form of over collateralization, are
                     separately maintained (e.g., with
                     respect to commingling of cash) as set
                     forth in the transaction agreements.
--------------------------------------------------------------------------------
1122(d)(2)(v)        Each custodial account is maintained
                     at a federally insured depository
                     institution as set forth in the
                     transaction agreements. For purposes of
                     this criterion, "federally insured
                     depository institution" with respect to
                     a foreign financial institution means a
                     foreign financial institution that
                     meets the requirements of Rule
                     13k-1(b)(1) of the Securities Exchange
                     Act.
--------------------------------------------------------------------------------

                              Appendix B-1

<PAGE>

--------------------------------------------------------------------------------
Reg AB Reference     Servicing Criteria                     Applicable Servicing
                                                                  Criteria
--------------------------------------------------------------------------------
1122(d)(2)(vi)       Unissued checks are safeguarded so as
                     to prevent unauthorized access.
--------------------------------------------------------------------------------
1122(d)(2)(vii)      Reconciliations are prepared on a
                     monthly basis for all asset-backed
                     securities related bank accounts,
                     including custodial accounts and
                     related bank clearing accounts. These
                     reconciliations are (A) mathematically
                     accurate; (B) prepared within 30
                     calendar days after the bank statement
                     cutoff date, or such other number of
                     days specified in the transaction
                     agreements; (C) reviewed and approved
                     by someone other than the person who
                     prepared the reconciliation; and (D)
                     contain explanations for reconciling
                     items. These reconciling items are
                     resolved within 90 calendar days of
                     their original identification, or such
                     other number of days specified in the
                     transaction agreements.
--------------------------------------------------------------------------------
                      Investor Remittances and Reporting
--------------------------------------------------------------------------------
1122(d)(3)(i)        Reports to investors, including those
                     to be filed with the Commission, are
                     maintained in accordance with the
                     transaction agreements and applicable
                     Commission requirements. Specifically,
                     such reports (A) are prepared in
                     accordance with timeframes and other
                     terms set forth in the transaction
                     agreements; (B) provide information
                     calculated in accordance with the terms
                     specified in the transaction
                     agreements; (C) are filed with the
                     Commission as required by its rules and
                     regulations; and (D) agree with
                     investors' or the trustee's records as
                     to the total unpaid principal balance
                     and number of Pool Assets serviced by
                     the Servicer.
--------------------------------------------------------------------------------
1122(d)(3)(ii)       Amounts due to investors are allocated
                     and remitted in accordance with
                     timeframes, distribution priority and
                     other terms set forth in the
                     transaction agreements.
--------------------------------------------------------------------------------
1122(d)(3)(iii)      Disbursements made to an investor are
                     posted within two business days to the
                     Servicer's investor records, or such
                     other number of days specified in the
                     transaction agreements.
--------------------------------------------------------------------------------
1122(d)(3)(iv)       Amounts remitted to investors per the
                     investor reports agree with cancelled
                     checks, or other form of payment, or
                     custodial bank statements.
--------------------------------------------------------------------------------
                     Pool Asset Administration
--------------------------------------------------------------------------------
1122(d)(4)(i)        Collateral or security on pool assets
                     is maintained as required by the
                     transaction agreements or related pool
                     asset documents.
--------------------------------------------------------------------------------
1122(d)(4)(ii)       Pool assets and related documents are
                     safeguarded as required by the
                     transaction agreements
--------------------------------------------------------------------------------
1122(d)(4)(iii)      Any additions, removals or
                     substitutions to the asset pool are
                     made, reviewed and approved in
                     accordance with any conditions or
                     requirements in the transaction
                     agreements.
--------------------------------------------------------------------------------

                              Appendix B-2

<PAGE>

--------------------------------------------------------------------------------
Reg AB Reference     Servicing Criteria                     Applicable Servicing
                                                                  Criteria
--------------------------------------------------------------------------------
1122(d)(4)(iv)       Payments on pool assets, including any
                     payoffs, made in accordance with the
                     related pool asset documents are posted
                     to the Servicer's obligor records
                     maintained no more than two business
                     days after receipt, or such other
                     number of days specified in the
                     transaction agreements, and allocated
                     to principal, interest or other items
                     (e.g., escrow) in accordance with the
                     related pool asset documents.
--------------------------------------------------------------------------------
1122(d)(4)(v)        The Servicer's records regarding the
                     pool assets agree with the Servicer's
                     records with respect to an obligor's
                     unpaid principal balance.
--------------------------------------------------------------------------------
1122(d)(4)(vi)       Changes with respect to the terms or
                     status of an obligor's pool assets
                     (e.g., loan modifications or re-agings)
                     are made, reviewed and approved by
                     authorized personnel in accordance with
                     the transaction agreements and related
                     pool asset documents.
--------------------------------------------------------------------------------
1122(d)(4)(vii)      Loss mitigation or recovery actions
                     (e.g., forbearance plans, modifications
                     and deeds in lieu of foreclosure,
                     foreclosures and repossessions, as
                     applicable) are initiated, conducted
                     and concluded in accordance with the
                     timeframes or other requirements
                     established by the transaction
                     agreements.
--------------------------------------------------------------------------------
1122(d)(4)(viii)     Records documenting collection efforts
                     are maintained during the period a pool
                     asset is delinquent in accordance with
                     the transaction agreements. Such
                     records are maintained on at least a
                     monthly basis, or such other period
                     specified in the transaction
                     agreements, and describe the entity's
                     activities in monitoring delinquent
                     pool assets including, for example,
                     phone calls, letters and payment
                     rescheduling plans in cases where
                     delinquency is deemed temporary (e.g.,
                     illness or unemployment).
--------------------------------------------------------------------------------
1122(d)(4)(ix)       Adjustments to interest rates or rates
                     of return for pool assets with variable
                     rates are computed based on the related
                     pool asset documents.
--------------------------------------------------------------------------------
1122(d)(4)(x)        Regarding any funds held in trust for
                     an obligor (such as escrow accounts):
                     (A) such funds are analyzed, in
                     accordance with the obligor's pool
                     asset documents, on at least an annual
                     basis, or such other period specified
                     in the transaction agreements; (B)
                     interest on such funds is paid, or
                     credited, to obligors in accordance
                     with applicable pool asset documents
                     and state laws; and (C) such funds are
                     returned to the obligor within 30
                     calendar days of full repayment of the
                     related pool assets, or such other
                     number of days specified in the
                     transaction agreements.
--------------------------------------------------------------------------------
1122(d)(4)(xi)       Payments made on behalf of an obligor
                     (such as tax or insurance payments) are
                     made on or before the related penalty
                     or expiration dates, as indicated on
                     the appropriate bills or notices for
                     such payments, provided that such
                     support has been received by the
                     servicer at least 30 calendar days
                     prior to these dates, or such other
                     number of days specified in the
                     transaction agreements.
--------------------------------------------------------------------------------

                              Appendix B-3

<PAGE>

--------------------------------------------------------------------------------
Reg AB Reference     Servicing Criteria                     Applicable Servicing
                                                                  Criteria
--------------------------------------------------------------------------------
1122(d)(4)(xii)      Any late payment penalties in
                     connection with any payment to be made
                     on behalf of an obligor are paid from
                     the Servicer's funds and not charged to
                     the obligor, unless the late payment
                     was due to the obligor's error or
                     omission.
--------------------------------------------------------------------------------
1122(d)(4)(xiii)     Disbursements made on behalf of an
                     obligor are posted within two business
                     days to the obligor's records
                     maintained by the servicer, or such
                     other number of days specified in the
                     transaction agreements.
--------------------------------------------------------------------------------
1122(d)(4)(xiv)      Delinquencies, charge-offs and
                     uncollectible accounts are recognized
                     and recorded in accordance with the
                     transaction agreements.
--------------------------------------------------------------------------------
1122(d)(4)(xv)       Any external enhancement or other
                     support, identified in Item 1114(a)(1)
                     through (3) or Item 1115 of Regulation
                     AB, is maintained as set forth in the
                     transaction agreements.
--------------------------------------------------------------------------------

                                    [DEUTSCHE BANK TRUST COMPANY AMERICAS]
                                    [DAIMLERCHRYSLER FINANCIAL SERVICES
                                    AMERICAS LLC]

                                    By:________________________________
                                    Name:
                                    Title:

                                    Date: _________________________

                              Appendix B-4

<PAGE>

                                  APPENDIX C

                       Form of Performance Certification

                            Reporting Subcontractor

                                 CERTIFICATION

      Re:   DaimlerChrysler Auto Trust 2006-C
            ---------------------------------

     The undersigned Reporting Subcontractor hereby certifies to the [ ] and
its officers, directors and Affiliates (collectively, the "Certification
Parties") as follows, with the knowledge and intent that the Certification
Parties will rely on this Certification in connection with the certification
concerning the Trust to be signed by an officer of the Servicer and submitted
to the Securities and Exchange Commission pursuant to the Sarbanes-Oxley Act
of 2002:

     1. The Reporting Subcontractor has reviewed the information and reports
provided by it to the Seller and the Servicer pursuant to the Sale and
Servicing Agreement with respect to the servicing criteria assessment under
Section 11.05 of the Sale and Servicing Agreement (the "Information");

     2. Based on the Reporting Subcontractor's knowledge, the Information,
taken as a whole, does not contain any untrue statement of a material fact or
omit to state a material fact required in the Information and necessary to
make the statements made, in the light of the circumstances under which such
statements were made, not misleading with respect to the period covered by the
10-K report; and

     3. The servicing criteria assessment required to be provided by the
Reporting Subcontrator pursuant to the Sale and Servicing Agreement, has been
provided to the Seller and the Servicer. Any material instance of
noncompliance with the applicable Servicing Criteria has been disclosed in
such report.

     4. Any assessment of compliance with servicing criteria required to be
provided by any Reporting Subcontractor of the Indenture Trustee have been
provided by such Reporting Subcontractor.

                                 Appendix C-1

<PAGE>

     Capitalized terms not otherwise defined herein have the meanings ascribed
thereto in the Sale and Servicing Agreement dated as of October 1, 2006 among
DaimlerChrysler Financial Services Americas LLC, as Seller and Servicer, and
DaimlerChrysler Auto Trust 2006-C.

                                    [REPORTING SUBCONTRACTOR]

                                    By:________________________________
                                    Name:
                                    Title:

                                    Date: _________________________

                                 Appendix C-2

<PAGE>

                                  APPENDIX D

                       Form of Performance Certification
                                  (Servicer)

                                 CERTIFICATION

      Re:   DaimlerChrysler Auto Owner Trust 2006-C
            ---------------------------------------

     The undersigned Servicer hereby certifies to the [ ] and its officers,
directors and Affiliates (collectively, the "Certification Parties") as
follows, with the knowledge and intent that the Certification Parties will
rely on this Certification in connection with the certification concerning the
Trust to be signed by an officer of the Servicer and submitted to the
Securities and Exchange Commission pursuant to the Sarbanes-Oxley Act of 2002:

     1. I have reviewed the servicer compliance statement of the Servicer
provided in accordance with Item 1123 of Regulation AB (the "Compliance
Statement"), the report on assessment of the Servicer's compliance with the
servicing criteria set forth in Item 1122(d) of Regulation AB (the "Servicing
Criteria"), provided in accordance with Rules 13a-18 and 15d-18 under
Securities Exchange Act of 1934, as amended (the "Exchange Act") and Item 1122
of Regulation AB (the "Servicing Assessment"), the registered public
accounting firm's attestation report provided in accordance with Rules 13a-18
and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the
"Attestation Report"), and all servicing reports, officer's certificates and
other information relating to the servicing of the Receivables by the Servicer
during 200[ ] that were delivered by the Servicer to the Indenture Trustee
pursuant to the Agreement (collectively, the "Servicer Servicing
Information");

     2. Based on my knowledge, the Servicer Servicing Information, taken as a
whole, does not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in the light of
the circumstances under which such statements were made, not misleading with
respect to the period of time covered by the Servicer Servicing Information;

     3. Based on my knowledge, all of the Servicer Servicing Information
required to be provided by the Servicer under the Agreement has been provided
to the Indenture Trustee;

     4. I am responsible for reviewing the activities performed by the
Servicer as servicer under the Sale and Servicing Agreement dated October 1,
2006 among DaimlerChrysler Auto Trust 2006-C, and DaimlerChrysler Financial
Services Americas LLC (the "Agreement"), and based on my knowledge and the
compliance review conducted in preparing the Compliance Statement and except
as disclosed in the Compliance Statement, the Servicing Assessment or the
Attestation Report, the Servicer has fulfilled its obligations under the
Agreement in all material respects; and

     5. The Compliance Statement required to be delivered by the Servicer
pursuant to the Agreement, and the Servicing Assessment and Attestation Report
required to be provided by

                                 Appendix D-1

<PAGE>

the Servicer and by any Reporting Subcontractor pursuant to the Agreement,
have been provided to the Indenture Trustee. Any material instances of
noncompliance described in such reports have been disclosed to the Seller. Any
material instance of noncompliance with the Servicing Criteria has been
disclosed in such reports.

     Capitalized terms not otherwise defined herein have the meanings ascribed
thereto in the Sale and Servicing Agreement dated as of October 1, 2006 among
DaimlerChrysler Financial Services Americas LLC, as Seller and Servicer, and
DaimlerChrysler Auto Trust 2006-C.

                                    DAIMLERCHRYSLER FINANCIAL
                                    SERVICES AMERICAS LLC

                                    By:________________________________
                                    Name:
                                    Title:

                                    Date: _________________________

                                 Appendix D-2

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