Document:

<PAGE>
                                                                    EXHIBIT 10.2

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                                 SALE AGREEMENT

                                 by and between

                 BANC OF AMERICA SECURITIES AUTO TRUST 2005-WF1,

                                    as Issuer

                                       and

                             BAS SECURITIZATION LLC,

                                    as Seller

                            Dated as of July 7, 2005

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<PAGE>

                                TABLE OF CONTENTS

<Table>
<Caption>

                                                                            PAGE
<S>                                                                          <C>
ARTICLE I        DEFINITIONS AND USAGE........................................1

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

ARTICLE II       CONVEYANCE OF TRANSFERRED ASSETS.............................2

  SECTION 2.1      Conveyance of Transferred Assets...........................2
  SECTION 2.2      Representations and Warranties of the Seller as to
                   each Receivable............................................2
  SECTION 2.3      Repurchase upon Breach.....................................2

ARTICLE III      THE SELLER...................................................3

  SECTION 3.1      Representations and Warranties of Seller...................3
  SECTION 3.2      Liability of the Seller; Indemnities.......................4
  SECTION 3.3      Merger or Consolidation of, or Assumption of the
                   Obligations of, Seller.....................................5
  SECTION 3.4      Limitation on Liability of Seller and Others...............6
  SECTION 3.5      Seller May Own Notes.......................................6
  SECTION 3.6      Sarbanes-Oxley Act Requirements and 1934 Act Filings.......6
  SECTION 3.7      Compliance with Organizational Documents...................6
  SECTION 3.8      Perfection Representations, Warranties and Covenants.......6

ARTICLE IV       MISCELLANEOUS PROVISIONS.....................................7

  SECTION 4.1      Amendment..................................................7
  SECTION 4.2      Protection of Title........................................8
  SECTION 4.3      Other Liens or Interests...................................8
  SECTION 4.4      Transfers Intended as Sale; Security Interest..............9
  SECTION 4.5      Information Requests......................................10
  SECTION 4.6      Notices, Etc..............................................10
  SECTION 4.7      Choice of Law.............................................10
  SECTION 4.8      Headings..................................................10
  SECTION 4.9      Counterparts..............................................10
  SECTION 4.10     Waivers...................................................10
  SECTION 4.11     Entire Agreement..........................................11
  SECTION 4.12     Severability of Provisions................................11
  SECTION 4.13     Binding Effect............................................11
  SECTION 4.14     Acknowledgment and Agreement..............................11
  SECTION 4.15     Cumulative Remedies.......................................11
  SECTION 4.16     Nonpetition Covenant......................................11
  SECTION 4.17     Submission to Jurisdiction; Waiver of Jury Trial..........12
  SECTION 4.18     Limitation of Liability...................................12
  SECTION 4.19     Third-Party Beneficiaries.................................12
</Table>

                                                       Sale Agreement (2005-WF1)
                                      -i-

<PAGE>

                                TABLE OF CONTENTS
                                  (continued)
<Table>
<Caption>

                                                                            PAGE
<S>                                                                          <C>

Schedule I      Representations and Warranties
Schedule II     Notice Addresses

Exhibit A       Form of Assignment pursuant to Sale Agreement
Exhibit B       Perfection Representations, Warranties and Covenants

Appendix A      Definitions
</Table>

                                                       Sale Agreement (2005-WF1)
                                      -ii-

<PAGE>

         SALE AGREEMENT, dated as of July 7, 2005 (as amended, supplemented or
otherwise modified and in effect from time to time, this "Agreement"), by and
between BANC OF AMERICA SECURITIES AUTO TRUST 2005-WF1, a Delaware statutory
trust (the "Issuer") and BAS SECURITIZATION LLC, a Delaware limited liability
company, as seller (the "Seller").

         WHEREAS, the Issuer desires to purchase from the Seller a portfolio of
motor vehicle receivables, including motor vehicle retail installment loans that
are secured by new and used automobiles and light-duty trucks; and

         WHEREAS, the Seller is willing to sell such portfolio of motor vehicle
receivables and related property to the Issuer;

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

                                    ARTICLE I

                              DEFINITIONS AND USAGE

         SECTION 1.1 Definitions. Except as otherwise specified herein or as the
context may otherwise require, capitalized terms used but not otherwise defined
herein are defined in Appendix A hereto, which also contains rules as to usage
that are applicable herein.

         SECTION 1.2 Other Interpretive Provisions. For purposes of this
Agreement, unless the context otherwise requires: (a) accounting terms not
otherwise defined in this Agreement, and accounting terms partly defined in this
Agreement to the extent not defined, shall have the respective meanings given to
them under generally accepted accounting principles; (b) terms defined in
Article 9 of the UCC as in effect in the relevant jurisdiction and not otherwise
defined in this Agreement are used as defined in that Article; (c) the words
"hereof," "herein" and "hereunder" and words of similar import refer to this
Agreement as a whole and not to any particular provision of this Agreement; (d)
references to any Article, Section, Schedule, Appendix or Exhibit are references
to Articles, Sections, Schedules, Appendices and Exhibits in or to this
Agreement and references to any paragraph, subsection, clause or other
subdivision within any Section or definition refer to such paragraph,
subsection, clause or other subdivision of such Section or definition; (e) the
term "including" means "including without limitation"; (f) except as otherwise
expressly provided herein, references to any law or regulation refer to that law
or regulation as amended from time to time and include any successor law or
regulation; (g) references to any Person include that Person's successors and
assigns; and (h) headings are for purposes of reference only and shall not
otherwise affect the meaning or interpretation of any provision hereof.

                                                       Sale Agreement (2005-WF1)
<PAGE>

                                   ARTICLE II

                        CONVEYANCE OF TRANSFERRED ASSETS

         SECTION 2.1 Conveyance of Transferred Assets. In consideration of the
Issuer's sale and delivery to, or upon the order of, the Seller of all of the
Notes and the Residual Interest on the Closing Date, the Seller does hereby
irrevocably sell, transfer, assign and otherwise convey to the Issuer without
recourse (subject to the obligations herein) all right, title and interest of
the Seller, whether now owned or hereafter acquired, in, to and under the
Transferred Assets, identified in an Assignment substantially in the form of
Exhibit A delivered on the Closing Date. The sale, transfer, assignment and
conveyance made hereunder does not constitute and is not intended to result in
an assumption by the Issuer of any obligation of the Seller or the Originators
to the Obligors or any other Person in connection with the Receivables or the
other assets and properties conveyed hereunder or any agreement, document or
instrument related thereto.

         SECTION 2.2 Representations and Warranties of the Seller as to each
Receivable. On the date hereof, with respect to the Receivables the Seller
hereby makes the representations and warranties set forth on Schedule I to the
Issuer and the Indenture Trustee as to the Receivables sold, transferred,
assigned, and otherwise conveyed to the Issuer under this Agreement on which
such representations and warranties the Issuer relies in acquiring the
Receivables. The representations and warranties as to each Receivable shall
survive the Grant of the Receivables by the Issuer to the Indenture Trustee
pursuant to the Indenture. Notwithstanding any statement to the contrary
contained herein or in any other Transaction Document, the Seller shall not be
required to notify any insurer with respect to any Insurance Policy obtained by
an Obligor.

         SECTION 2.3 Repurchase upon Breach. Upon discovery by any party hereto
of a breach of any of the representations and warranties set forth in Section
2.2 which materially and adversely affects the interests of the Issuer or the
Noteholders, the party discovering such breach shall give prompt written notice
thereof to the other parties hereto and to the Originator; provided, that the
failure to give such notice shall not affect any obligation of the Seller
hereunder. If the breach materially and adversely affects the interests of the
Issuer or the Noteholders in such Receivable, then the Seller shall either (a)
correct or cure such breach or (b) purchase such Receivable from the Issuer, in
either case on or before the Payment Date following the end of the Collection
Period which includes the 60th day after the date the Seller and the Originator
became aware or was notified of such breach. Any such breach or failure will not
be deemed to have a material and adverse effect if such breach or failure does
not affect the ability of the Issuer to receive and retain timely payment in
full on such Receivable. Any such purchase by the Seller shall be at a price
equal to the Repurchase Price. In consideration for such repurchase, the Seller
shall make (or shall cause to be made) a payment to the Issuer equal to the
Repurchase Price by depositing such amount into the Collection Account prior to
4:00 p.m., New York City time on the Business Day immediately preceding such
Payment Date. Upon payment of such Repurchase Price by the Seller, the Issuer
shall release and shall execute and deliver such instruments of release,
transfer or assignment, in each case without recourse or representation, as may
be reasonably requested by the Seller to evidence such release, transfer or
assignment or more effectively vest in the Seller or its designee all of the
Issuer's rights in any Receivable and related Transferred Assets repurchased
pursuant to this Section 2.3. It is understood and agreed

                                                       Sale Agreement (2005-WF1)

                                       2
<PAGE>

that the right to cause the Seller to repurchase (or to enforce the obligations
of BANA under the Purchase Agreement or the Originator under the Originator
Purchase Agreement to repurchase) any Receivable as described above shall
constitute the sole remedy respecting such breach available to the Issuer and
the Indenture Trustee. Neither the Owner Trustee nor the Indenture Trustee will
have any duty to conduct an affirmative investigation as to the occurrence of
any condition requiring the repurchase of any Receivable pursuant to this
Section 2.3.

                                   ARTICLE III

                                   THE SELLER

         SECTION 3.1 Representations and Warranties of Seller. The Seller makes
the following representations and warranties as of the Closing Date on which the
Issuer will be deemed to have relied in acquiring the Transferred Assets. The
representations and warranties speak as of the execution and delivery of this
Agreement and will survive the conveyance of the Transferred Assets to the
Issuer and the pledge thereof by the Issuer to the Indenture Trustee pursuant to
the Indenture:

         (a) Existence and Power. The Seller is a Delaware limited liability
company validly existing and in good standing under the laws of its state of
organization and has, in all material respects, full power and authority to own
its assets and operate its business as presently owned or operated, and to
execute, deliver and perform its obligations under the Transaction Documents to
which it is a party or affect the enforceability or collectibility of the
Receivables or any other part of the Transferred Assets. The Seller has obtained
all necessary licenses and approvals in each jurisdiction where the failure to
do so would materially and adversely affect the ability of the Seller to perform
its obligations under the Transaction Documents or affect the enforceability or
collectibility of the Receivables or any other part of the Transferred Assets.

         (b) Authorization and No Contravention. The execution, delivery and
performance by the Seller of the Transaction Documents to which it is a party
have been duly authorized by all necessary action on the part of the Seller and
do not contravene or constitute a default under (i) any applicable law, rule or
regulation, (ii) its organizational documents or (iii) any indenture or
agreement or instrument to which the Seller is a party or by which its
properties are bound (other than violations of such laws, rules, regulations,
indentures or agreements which do not affect the legality, validity or
enforceability of any of such agreements and which, individually or in the
aggregate, would not materially and adversely affect the transactions
contemplated by, or the Seller's ability to perform its obligations under, the
Transaction Documents).

         (c) No Consent Required. No approval or authorization by, or filing
with, any Governmental Authority is required in connection with the execution,
delivery and performance by the Seller of any Transaction Document other than
(i) UCC filings, (ii) approvals and authorizations that have previously been
obtained and filings that have previously been made and (iii) approval,
authorizations or filings which, if not obtained or made, would not have a
material adverse effect on the enforceability or collectibility of the
Receivables or any other part of the Transferred Assets or would not materially
and adversely affect the ability of the Seller to perform its obligations under
the Transaction Documents.

                                                       Sale Agreement (2005-WF1)
                                       3
<PAGE>

         (d) Binding Effect. Each Transaction Document to which the Seller is a
party constitutes the legal, valid and binding obligation of the Seller
enforceable against the Seller in accordance with its terms, except as such
enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium, receivership, conservatorship or other similar laws
affecting the enforcement of creditors' rights generally and, if applicable, the
rights of creditors of limited liability companies from time to time in effect
or by general principles of equity.

         (e) Lien Filings. The Seller is not aware of any material judgment,
ERISA or tax lien filings against the Seller.

         (f) No Proceedings. There are no actions, orders, suits or proceedings
pending or, to the knowledge of the Seller, threatened against the Seller before
or by any Governmental Authority that (i) assert the invalidity or
unenforceability of this Agreement or any of the other Transaction Documents,
(ii) seek to prevent the issuance of the Notes or the consummation of any of the
transactions contemplated by this Agreement or any of the other Transaction
Documents, (iii) seek any determination or ruling that would materially and
adversely affect the performance by the Seller of its obligations under this
Agreement or any of the other Transaction Documents or the collectibility or
enforceability of the Receivables or have a material adverse effect on the
Noteholders, or (iv) relate to the Seller that would materially and adversely
affect the federal or Applicable Tax State income, excise, franchise or similar
tax attributes of the Notes.

         (g) Trade Name. "BAS Securitization LLC" is the only trade name under
which the Seller is currently operating its business. For the six (6) years (or
such shorter period of time during which the Seller was in existence) preceding
the date hereof, the Seller operated its business under the trade name "BAS
Securitization LLC". "BAS Securitization LLC" is the name of the Seller
indicated on the public record of the Seller's jurisdiction of organization
which shows the Seller to have been organized.

         (h) Investment Company Act. The Seller is not an "investment company"
that is registered or required to be registered under, or otherwise subject to
the restrictions of the Investment Company Act of 1940, as amended.

         SECTION 3.2 Liability of the 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, and hereby agrees to the
following:

         (a) The Seller shall indemnify, defend, and hold harmless the Issuer,
the Owner Trustee, the Indenture Trustee, the Noteholders and the Residual
Interestholder from and against any loss, liability or expense incurred by
reason of the Seller's violation of federal or State securities laws in
connection with the registration or the sale of the Notes.

         (b) The Seller will pay any and all taxes levied or assessed upon the
Issuer or upon all or any part of the Trust Estate.

         (c) Indemnification under this Section 3.2 will survive the resignation
or removal of the Owner Trustee or the Indenture Trustee and the termination of
this Agreement and will

                                                       Sale Agreement (2005-WF1)

                                       4
<PAGE>

include reasonable fees and expenses of counsel and expenses of litigation. If
the Seller has made any indemnity payments pursuant to this Section 3.2 and the
Person to or on behalf of whom such payments are made thereafter collects any of
such amounts from others, such Person will promptly repay such amounts to the
Seller, without interest.

         (d) The Seller's obligations under this Section 3.2 are obligations
solely of the Seller and will not constitute a claim against the Seller to the
extent that the Seller does not have funds sufficient to make payment of such
obligations. In furtherance of and not in derogation of the foregoing, the
Issuer, by entering into or accepting this Agreement, acknowledges and agrees
that it has no right, title or interest in or to the Other Assets of the Seller.
To the extent that, notwithstanding the agreements and provisions contained in
the preceding sentence, the Issuer either (i) asserts an interest or claim to,
or benefit from, Other Assets, or (ii) is deemed to have any such interest,
claim to, or benefit in or from Other Assets, whether by operation of law, legal
process, pursuant to applicable provisions of insolvency laws or otherwise
(including by virtue of Section 1111(b) of the Bankruptcy Code or any successor
provision having similar effect under the Bankruptcy Code), then the Issuer
further acknowledges and agrees that any such interest, claim or benefit in or
from Other Assets is and will be expressly subordinated to the indefeasible
payment in full, which, under the terms of the relevant documents relating to
the securitization or conveyance of such Other Assets, are entitled to be paid
from, entitled to the benefits of, or otherwise secured by such Other Assets
(whether or not any such entitlement or security interest is legally perfected
or otherwise entitled to a priority of distributions or application under
applicable law, including insolvency laws, and whether or not asserted against
the Seller), including the payment of post-petition interest on such other
obligations and liabilities. This subordination agreement will be deemed a
subordination agreement within the meaning of Section 510(a) of the Bankruptcy
Code. The Issuer further acknowledges and agrees that no adequate remedy at law
exists for a breach of this Section 3.2(d) and the terms of this Section 3.2(d)
may be enforced by an action for specific performance. The provisions of this
Section 3.2(d) will be for the third party benefit of those entitled to rely
thereon and will survive the termination of this Agreement.

         SECTION 3.3 Merger or Consolidation of, or Assumption of the
Obligations of, Seller. Any Person (i) into which the Seller may be merged or
consolidated, (ii) resulting from any merger, conversion, or consolidation to
which the Seller is a party, (iii) succeeding to the business of the Seller, or
(iv) more than 50% of the voting stock or voting power and 50% or more of the
economic equity of which is owned directly or indirectly by BAC, which Person in
any of the foregoing cases executes an agreement of assumption to perform every
obligation of the Seller under this Agreement, will be the successor to the
Seller under this Agreement without the execution or filing of any document or
any further act on the part of any of the parties to this Agreement.
Notwithstanding the foregoing, if the Seller enters into any of the foregoing
transactions and is not the surviving entity, (x) the Seller shall deliver to
the Indenture Trustee an Officer's Certificate and an Opinion of Counsel each
stating that such merger, conversion, consolidation or succession and such
agreement of assumption comply with this Section 3.3 and that all conditions
precedent, if any, provided for in this Agreement relating to such transaction
have been complied with and (y) the Seller will deliver to 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 Issuer and the Indenture Trustee, respectively, in

                                                       Sale Agreement (2005-WF1)

                                       5
<PAGE>

the Receivables, and reciting the details of such filings, or (B) stating that,
in the opinion of such counsel, no such action is necessary to preserve and
protect such interest. The Seller will provide notice of any merger, conversion,
consolidation, or succession pursuant to this Section 3.3 to the Rating
Agencies. Notwithstanding anything herein to the contrary, the execution of the
foregoing agreement of assumption and compliance with clauses (x) and (y) of
this Section 3.3 will be conditions to the consummation of any of the
transactions referred to in clauses (i), (ii) or (iii) of this Section 3.3 in
which the Seller is not the surviving entity.

         SECTION 3.4 Limitation on Liability of Seller and Others. The Seller
and any officer or 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
will not be under any obligation to appear in, prosecute, or defend any legal
action that is not incidental to its obligations under this Agreement, and that
in its opinion may involve it in any expense or liability.

         SECTION 3.5 Seller May Own Notes. The Seller, and any Affiliate of the
Seller, 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 otherwise expressly provided herein or in the other
Transaction Documents. Except as set forth herein or in the other Transaction
Documents, Notes so owned by the Seller or any such Affiliate will have an equal
and proportionate benefit under the provisions of this Agreement and the other
Transaction Documents, without preference, priority, or distinction as among all
of the Notes. Unless all Notes are owned by the Issuer, the Seller or any of
their respective Affiliates, any Notes owned by the Issuer, the Seller or any of
their respective Affiliates shall be disregarded with respect to the
determination of any request, demand, authorization, direction, notice, consent,
vote or waiver hereunder or under any other Transaction Document.

         SECTION 3.6 Sarbanes-Oxley Act Requirements and 1934 Act Filings. (a)
(i) To the extent any documents are required to be filed with respect to the
Issuer or the Notes pursuant to the Sarbanes-Oxley Act, the Issuer hereby
authorizes the Indenture Trustee and the Seller, or either of them, to prepare,
sign and file any such documents or any certifications on behalf of the Issuer
and (ii) to the extent any certification is required to be made with respect to
the Issuer or the Notes pursuant to the Sarbanes-Oxley Act, the Issuer hereby
authorizes the Seller certify any such documents on behalf of the Issuer.

         (b) (i) The Issuer hereby authorizes the Indenture Trustee and the
Seller, or either of them, to prepare, sign and file any and all reports,
statements and information respecting the Issuer and/or the Notes required to be
filed pursuant to the Exchange Act and (ii) the Issuer hereby authorizes the
Seller to certify any and all reports, statements and information respecting the
Issuer and/or the Notes required to be filed pursuant to the Exchange Act.

         SECTION 3.7 Compliance with Organizational Documents. The Seller shall
comply with its limited liability company agreement and other organizational
documents.

         SECTION 3.8 Perfection Representations, Warranties and Covenants. The
Seller hereby makes the perfection representations, warranties and covenants
attached hereto as

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                                       6
<PAGE>

Exhibit B to the Issuer and the Issuer shall be deemed to have relied on such
representations, warranties and covenants in acquiring the Transferred Assets.

                                   ARTICLE IV

                            MISCELLANEOUS PROVISIONS

         SECTION 4.1 Amendment.

         (a) Any term or provision of this Agreement may be amended by the
Seller with prior notice to each Rating Agency but without the consent of the
Indenture Trustee, any Noteholder, the Holder of the Revolving Liquidity Note,
the Issuer or the Owner Trustee; provided that such amendment shall not, as
evidenced by an Officer's Certificate of the Depositor delivered to the
Indenture Trustee and the Owner Trustee materially and adversely affect the
interests of the Noteholders, the Holder of the Revolving Liquidity Note, the
Indenture Trustee or the Owner Trustee; provided, further, that any amendment
entered into pursuant to this Section 4.1(a) shall not significantly change the
permitted activities of the Issuer.

         (b) Any term or provision of this Agreement may be amended by the
Seller with prior notice to each Rating Agency but without the consent of the
Indenture Trustee, any Noteholder, the Holder of the Revolving Liquidity Note,
the Issuer, the Owner Trustee or any other Person to add, modify or eliminate
any provisions as may be necessary or advisable in order to enable the Seller or
any of its Affiliates to comply with or obtain more favorable treatment under
any law or regulation or any accounting rule or principle; provided that such
amendment shall not, as evidenced by an Officer's Certificate of the Depositor
delivered to the Indenture Trustee and the Owner Trustee materially and
adversely affect the interests of the Noteholders, the Holder of the Revolving
Liquidity Note, the Issuer, the Indenture Trustee or the Owner Trustee;
provided, further, that the Rating Agency Condition with respect to Standard &
Poor's shall have been satisfied; provided, further, that any amendment entered
into pursuant to this Section 4.1(b) shall not significantly change the
permitted activities of the Issuer.

         (c) This Agreement (including Appendix A) may also be amended from
time to time by the Seller with prior notice to each Rating Agency and with the
consent of the Holders evidencing not less than a majority of the Note Balance
of the Controlling Class, and, if the interests of the Holder of the Revolving
Liquidity Note are affected, the Holder of the Revolving Liquidity Note, for the
purpose of adding any provisions to or changing in any manner or eliminating any
of the provisions of this Agreement. It will not be necessary for the consent of
Noteholders or the Holder of the Revolving Liquidity Note to approve the
particular form of any proposed amendment or consent, but it will be sufficient
if such consent approves the substance thereof. The manner of obtaining such
consents (and any other consents of Noteholders provided for in this Agreement)
and of evidencing the authorization of the execution thereof by Noteholders and
the Holder of the Revolving Liquidity Note, as applicable, will be subject to
such reasonable requirements as the Indenture Trustee may prescribe, including
the establishment of record dates pursuant to the Note Depository Agreement.

         (d) Prior to the execution of any amendment to this Agreement, the
Seller shall provide written notification of the substance of such amendment to
each Rating Agency; and

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                                       7
<PAGE>

promptly after the execution of any such amendment or consent, the Seller shall
furnish a copy of such amendment or consent to each Rating Agency, the Indenture
Trustee and the Holder of the Revolving Liquidity Note.

         (e) Prior to the execution of any amendment to this Agreement, the
Seller, the Holder of the Revolving Liquidity Note, the Owner Trustee and the
Indenture Trustee shall be entitled to receive and conclusively rely upon an
Opinion of Counsel stating that the execution of such amendment is authorized or
permitted by this Agreement and that all conditions precedent to the execution
and delivery of such amendment have been satisfied. The Owner Trustee and the
Indenture Trustee may, but shall not be obligated to, enter into any such
amendment which adversely affects the Owner Trustee's or the Indenture
Trustee's, as applicable, own rights, duties or immunities under this Agreement.
Furthermore, notwithstanding anything to the contrary herein, this Agreement may
not be amended in any way that would adversely affect the Owner Trustee's
rights, privileges, indemnities, duties or obligations under this Agreement, the
Transaction Documents or otherwise without the prior written consent of the
Owner Trustee.

         SECTION 4.2 Protection of Title.

         (a) The Seller shall authorize and file such financing statements and
cause to be authorized and filed such continuation and other statements, all in
such manner and in such places as may be required by law fully to preserve,
maintain and protect the interest of the Issuer and the Indenture Trustee under
this Agreement in the Receivables (other than any Related Security with respect
thereto, to the extent that the interest of the Issuer or the Indenture Trustee
therein cannot be perfected by the filing of a financing statement). The Seller
shall deliver (or cause to be delivered) to the Issuer file-stamped copies of,
or filing receipts for, any document filed as provided above, as soon as
available following such filing.

         (b) The Seller shall not change its name, identity, organizational
structure or jurisdiction of organization in any manner that would make any
financing statement or continuation statement filed by the Seller in accordance
with paragraph (a) above "seriously misleading" within the meaning of Sections
9-506, 9-507 or 9-508 of the UCC, unless it shall have given the Issuer and the
Indenture Trustee at least five days' prior written notice thereof and, to the
extent necessary, has promptly filed amendments to previously filed financing
statements or continuation statements described in paragraph (a) above or filed
new financing statements, as applicable.

         (c) The Seller shall give the Issuer and the Indenture Trustee at least
five days' prior written notice of any change of location of the Seller for
purposes of Section 9-307 of the UCC and shall have taken all action prior to
making such change (or shall have made arrangements to take such action
substantially simultaneously with such change, if it is not possible to take
such action in advance) reasonably necessary or advisable to amend all
previously filed financing statements or continuation statements described in
paragraph (a) above or to file new financing statements, as applicable.

         SECTION 4.3 Other Liens or Interests. Except for the conveyances and
grants of security interests pursuant to this Agreement and the other
Transaction Documents, the Seller shall not sell, pledge, assign or transfer the
Receivables or other property transferred to the Issuer

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<PAGE>

to any other Person, or grant, create, incur, assume or suffer to exist any Lien
on any interest therein, and the Seller shall defend the right, title and
interest of the Issuer in, to and under such Receivables and other property
transferred to the Issuer against all claims of third parties claiming through
or under the Seller.

         SECTION 4.4 Transfers Intended as Sale; Security Interest.

         (a) Each of the parties hereto expressly intends and agrees that the
transfers contemplated and effected under this Agreement are complete and
absolute sales and transfers rather than pledges or assignments of only a
security interest and shall be given effect as such for all purposes. It is
further the intention of the parties hereto that the Receivables and related
Transferred Assets shall not be part of the Seller's estate in the event of a
bankruptcy or insolvency of the Seller. The sales and transfers by the Seller of
Receivables and related Transferred Assets hereunder are and shall be without
recourse to, or representation or warranty (express or implied) by, the Seller,
except as otherwise specifically provided herein. The limited rights of recourse
specified herein against the Seller are intended to provide a remedy for breach
of representations and warranties relating to the condition of the property
sold, rather than to the collectibility of the Receivables.

         (b) Notwithstanding the foregoing, in the event that the Receivables
and other Transferred Assets (or interests therein) are held to be property of
the Seller, or if for any reason this Agreement is held or deemed to create
indebtedness or a security interest in the Receivables and other Transferred
Assets, then it is intended that:

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

                  (ii)     The conveyance provided for in Section 2.1 shall be
                           deemed to be a grant by the Seller, and the Seller
                           hereby grants, to the Issuer of a security interest
                           in all of its right (including the power to convey
                           title thereto), title and interest, whether now owned
                           or hereafter acquired, in and to the Receivables and
                           other Transferred Assets, to secure such indebtedness
                           and the performance of the obligations of the Seller
                           hereunder;

                  (iii)    The possession by the Issuer, or the Servicer as the
                           Issuer's agent, of the Receivable Files and any other
                           property as constitute instruments, money, negotiable
                           documents or chattel paper shall be deemed to be
                           "possession by the secured party" or possession by
                           the purchaser or a person designated by such
                           purchaser, for purposes of perfecting the security
                           interest pursuant to the New York Uniform Commercial
                           Code and the Uniform Commercial Code of any other
                           applicable jurisdiction; and

                  (iv)     Notifications to persons holding such property, and
                           acknowledgments, receipts or confirmations from
                           persons holding such property, shall be deemed to be
                           notifications to, or acknowledgments, receipts or

                                                       Sale Agreement (2005-WF1)

                                       9
<PAGE>

                           confirmations from, bailees or agents (as applicable)
                           of the Issuer for the purpose of perfecting such
                           security interest under applicable law.

         SECTION 4.5 Information Requests. The parties hereto shall provide any
information reasonably requested by the Servicer, the Issuer, the Seller or any
of their Affiliates, in order to comply with or obtain more favorable treatment
under any current or future law, rule, regulation, accounting rule or principle.

         SECTION 4.6 Notices, Etc. All demands, notices and communications
hereunder shall be in writing and shall be delivered or mailed by registered or
certified first-class United States mail, postage prepaid, hand delivery,
prepaid courier service, or by facsimile, and addressed in each case as set
forth on Schedule II or at such other address as shall be designated in a
written notice to the other parties hereto. Any notice required or permitted to
be mailed to a Noteholder shall be given by first class mail, postage prepaid,
at the address of such Noteholder as shown in the Note Register. Delivery shall
occur only upon receipt or reported tender of such communication by an officer
of the recipient entitled to receive such notices located at the address of such
recipient for notices hereunder; provided, however, that any notice to a
Noteholder mailed within the time prescribed in this Agreement shall be
conclusively presumed to have been duly given, whether or not the Noteholder
shall receive such notice.

         SECTION 4.7 Choice of Law. THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, INCLUDING,
SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW BUT EXCLUDING
TO THE MAXIMUM EXTENT PERMITTED BY LAW ALL OTHER CONFLICT OF LAW PROVISIONS, AND
THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE
DETERMINED IN ACCORDANCE WITH SUCH LAWS.

         SECTION 4.8 Headings. The section headings hereof have been inserted
for convenience of reference only and shall not be construed to affect the
meaning, construction or effect of this Agreement.

         SECTION 4.9 Counterparts. This Agreement may be executed in any number
of counterparts, each of which so executed shall be deemed to be an original,
but all of such counterparts shall together constitute but one and the same
instrument.

         SECTION 4.10 Waivers. No failure or delay on the part of the Seller,
the Issuer or the Indenture Trustee in exercising any power or right hereunder
(to the extent such Person has any power or right hereunder) shall operate as a
waiver thereof, nor shall any single or partial exercise of any such power or
right preclude any other or further exercise thereof or the exercise of any
other power or right. No notice to or demand on any party hereto in any case
shall entitle it to any notice or demand in similar or other circumstances. No
waiver or approval by any party hereto under this Agreement shall, except as may
otherwise be stated in such waiver or approval, be applicable to subsequent
transactions. No waiver or approval under this Agreement shall require any
similar or dissimilar waiver or approval thereafter to be granted hereunder.

                                                       Sale Agreement (2005-WF1)
                                       10
<PAGE>

         SECTION 4.11 Entire Agreement. The Transaction Documents contain a
final and complete integration of all prior expressions by the parties hereto
with respect to the subject matter thereof and shall constitute the entire
agreement among the parties hereto with respect to the subject matter thereof,
superseding all prior oral or written understandings. There are no unwritten
agreements among the parties.

         SECTION 4.12 Severability of Provisions. If any one or more of the
covenants, agreements, provisions or terms of this Agreement shall be for any
reason whatsoever held invalid, then such covenants, agreements, provisions or
terms shall be deemed severable from the remaining covenants, agreements,
provisions or terms of this Agreement and shall in no way affect the validity or
enforceability of the other provisions of this Agreement.

         SECTION 4.13 Binding Effect. This Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and
permitted assigns. This Agreement shall create and constitute the continuing
obligations of the parties hereto in accordance with its terms, and shall remain
in full force and effect until such time as the parties hereto shall agree.

         SECTION 4.14 Acknowledgment and Agreement. By execution below, the
Seller expressly acknowledges and consents to the pledge, assignment and grant
of a security interest in the Receivables and the other Transferred Assets by
the Issuer to the Indenture Trustee pursuant to the Indenture for the benefit of
the Noteholders. In addition, the Seller hereby acknowledges and agrees that for
so long as the Notes are outstanding, the Indenture Trustee will have the right
to exercise all powers, privileges and claims of the Issuer under this
Agreement.

         SECTION 4.15 Cumulative Remedies. The remedies herein provided are
cumulative and not exclusive of any remedies provided by law.

         SECTION 4.16 Nonpetition Covenant. Each party hereto agrees that, prior
to the date which is one year and one day after payment in full of all
obligations of each Bankruptcy Remote Party in respect of all securities issued
by any Bankruptcy Remote Party (i) such party shall not authorize any Bankruptcy
Remote Party to commence a voluntary winding-up or other voluntary case or other
proceeding seeking liquidation, reorganization or other relief with respect to
such Bankruptcy Remote Party or its debts under any bankruptcy, insolvency or
other similar law now or hereafter in effect in any jurisdiction or seeking the
appointment of an administrator, a trustee, receiver, liquidator, custodian or
other similar official with respect to such Bankruptcy Remote Party or any
substantial part of its property or to consent to any such relief or to the
appointment of or taking possession by any such official in an involuntary case
or other proceeding commenced against such Bankruptcy Remote Party, or to make a
general assignment for the benefit of, its creditors generally, any party hereto
or any other creditor of such Bankruptcy Remote Party, and (ii) none of the
parties hereto shall commence or join with any other Person in commencing any
proceeding against such Bankruptcy Remote Party under any bankruptcy,
reorganization, liquidation or insolvency law or statute now or hereafter in
effect in any jurisdiction; provided, that, notwithstanding the foregoing, a
Bankruptcy Remote Party shall not be prohibited from filing a voluntary
bankruptcy petition to the extent such Bankruptcy Remote Party obtains the
necessary vote for filing a voluntary bankruptcy petition as required by

                                                       Sale Agreement (2005-WF1)

                                       11
<PAGE>

the organizational documents of such Bankruptcy Remote Party. This Section shall
survive the termination of this Agreement.

         SECTION 4.17 Submission to Jurisdiction; Waiver of Jury Trial. Each of
the parties hereto hereby irrevocably and unconditionally:

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

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

         (c) agrees that service of process in any such action or proceeding may
be effected by mailing a copy thereof by registered or certified mail (or any
substantially similar form of mail), postage prepaid, to such Person at its
address determined in accordance with Section 4.6 of this Agreement;

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

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

         SECTION 4.18 Limitation of Liability. Notwithstanding anything
contained herein to the contrary, this Agreement has been executed and delivered
by Wilmington Trust Company, not in its individual capacity but solely as Owner
Trustee, and in no event shall it have any liability for the representations,
warranties, covenants, agreements or other obligations of the Issuer hereunder
or under the Notes or any of the other Transaction Documents or in any of the
certificates, notices or agreements delivered pursuant thereto, as to all of
which recourse shall be had solely to the assets of the Issuer. Under no
circumstances shall the Owner Trustee be personally liable for the payment of
any indebtedness or expense of the Issuer or be liable for the breach or failure
of any obligations, representation, warranty or covenant made or undertaken by
the Issuer under the Transaction Documents. For the purposes of this Agreement,
in the performance of its duties or obligations 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.

         SECTION 4.19 Third-Party Beneficiaries. This Agreement shall inure to
the benefit of and be binding upon the parties hereto, the Indenture Trustee,
the Noteholders, the Holder of the Revolving Liquidity Note and the Residual
Interestholders and their respective successors and permitted assigns and the
Owner Trustee shall be an express third party beneficiary hereof and

                                                       Sale Agreement (2005-WF1)

                                       12
<PAGE>

may enforce the provisions hereof as if it were a party hereto. Except as
otherwise provided in this Section, no other Person will have any right
hereunder.

                               [SIGNATURES FOLLOW]

                                                       Sale Agreement (2005-WF1)

                                       13
<PAGE>

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

                                    BAS SECURITIZATION LLC, as Seller

                                    By: /s/ JAMES G. MACKEY
                                        Name:  James G. Mackey
                                        Title: Principal Financial Officer

                                                       Sale Agreement (2005-WF1)

                                      S-1
<PAGE>

                                    BANC OF AMERICA SECURITIES AUTO TRUST
                                    2005-WF1, as Issuer

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

                                    By:  /s/ JANEL R. HAVRILLA
                                         Name:  Janel R. Havrilla
                                         Title: Financial Services Officer

                                                       Sale Agreement (2005-WF1)

                                      S-2
<PAGE>

                                                                      SCHEDULE I

         REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE RECEIVABLES

(a)      Characteristics of Receivables. As of the Cut-Off Date (or such other
         date as may be specifically set forth below), each Receivable:

                           (i) is secured by a Financed Vehicle and was
                  originated in the United States 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 Originator, an Affiliate
                  of the Originator or a business partner of the Originator from
                  such Dealer under an existing Dealer Agreement, and was
                  validly assigned by such Dealer to the Originator, to such
                  Affiliate or to such business partner, and if an Affiliate of
                  the Originator or a business partner of the Originator
                  purchased the Receivable from the Dealer, such Receivable was
                  purchased by the Originator from such Person, and was validly
                  assigned by such Person to the Originator in accordance with
                  the terms;

                           (ii) has created or will create a valid, binding and
                  enforceable first priority security interest in favor of the
                  Originator in the Financed Vehicle, which security interest is
                  assignable and has been so assigned by the Originator to BANA
                  who assigned its interest to the Seller who assigned its
                  interest to the Issuer;

                           (iii) contains customary and enforceable provisions
                  such as to render the rights and remedies of the holder
                  thereof adequate for realization against the collateral of the
                  benefits of the security;

                           (iv) is a Simple Interest Receivable;

                           (v) provides for level monthly payments (provided
                  that the payment in the final month of the life of the
                  Receivable may be different from the level payment by no more
                  than 10% of the payment amount) that shall amortize the
                  Original Principal Balance by maturity and shall yield
                  interest at the Annual Percentage Rate;

                           (vi) is payable in U.S. dollars by an Obligor that is
                  a resident of the United States;

                           (vii) was originated on or after July 24, 2002;

                           (viii) as of the Cut-Off Date, was not a Delinquent
                  Receivable past due more than 30 days, such Receivable was not
                  a Defaulted Receivable, and the related Obligor, to the
                  Originator's knowledge as of the Cut-Off Date, has not filed,
                  or had filed against it, any petition for relief under any
                  state or federal bankruptcy, insolvency, receivership or
                  similar law;

                                                               Schedule I to the
                                                                  Sale Agreement

                                      I-1
<PAGE>

                           (ix) has a stated term at origination of not less
                  than 13 and not greater than 85 months;

                           (x) is not subject to a force-placed Insurance Policy
                  on the related Financed Vehicle; and

                           (xi) all payments by the related Obligor with respect
                  to such Receivable are paid into an account in which no entity
                  is a "secured party" within the meaning of Article 9 of the
                  UCC.

(b)      Creation, Perfection and Priority of Security Interests. The following
         representations and warranties regarding creation, perfection and
         priority of security interests in the Transferred Assets are true and
         correct.

                           (i) While it is the intention of the Seller and the
                  Issuer that the transfer and assignment contemplated by this
                  Agreement shall constitute a sale of the Transferred Assets
                  from the Seller to the Issuer, this Agreement shall create a
                  valid and continuing security interest (as defined in the
                  applicable UCC) in the Transferred Assets in favor of the
                  Issuer, which security interest is prior to all other Liens,
                  and is enforceable as such as against creditors of and
                  purchasers from the Seller.

                           (ii) All steps necessary to perfect the Seller's
                  security interest against each Obligor in the property
                  securing the Transferred Assets have been taken.

                           (iii) Prior to the sale of the Transferred Assets to
                  the Issuer under this Agreement, the Receivables constitute
                  "tangible chattel paper" or "electronic chattel paper" within
                  the meaning of the applicable UCC.

                           (iv) The Seller has caused or will have caused,
                  within ten days after the Closing Date, the filing of all
                  appropriate financing statements in the proper filing office
                  in the appropriate jurisdictions under applicable law in order
                  to give the Issuer a first priority, validly perfected
                  ownership interest in the Transferred Assets (to the extent
                  that an ownership interest therein can be perfected by the
                  filing of a financing statement) sold to Issuer hereunder.

                           (v) The Custodian, has in its possession all
                  original, imaged or electronic copies of the Receivables Files
                  and other documents that constitute or evidence the
                  Receivables and the Transferred Assets. The Receivables Files
                  and other documents that constitute or evidence the
                  Transferred Assets do not have any marks or notations
                  indicating that they have been pledged, assigned or otherwise
                  conveyed to any Person other than Issuer.

(c)      Schedule of Receivables. The information set forth in the Schedule of
         Receivables is true and correct in all material respects, and no
         selection procedures believed to be adverse to the Issuer were utilized
         in selecting the Receivables from those receivables of the Seller which
         meet the selection criteria set forth in this Agreement.

                                                               Schedule I to the
                                                                  Sale Agreement

                                      I-2
<PAGE>

(d)      Compliance With Law. 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 Billing 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 Servicemembers Civil Relief Act of 2003, 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, in respect of any of the Receivables and other
         Transferred Assets, have been complied with in all material respects,
         and each Receivable and the sale of the Financed Vehicle evidenced
         thereby complied at the time it was originated or made and now complies
         in all material respects with all applicable legal requirements.

(e)      Binding Obligation. Each Receivable represents the genuine, legal,
         valid and binding payment obligation in writing of the Obligor thereon,
         enforceable by the holder thereof in accordance with its terms, except
         as enforceability may be limited by bankruptcy, insolvency,
         reorganization or similar laws affecting the enforcement of creditors'
         rights in general and by equity, regardless of whether such
         enforceability is considered in a proceeding in equity or at law.

(f)      Security Interest in Financed Vehicle. Immediately prior to the sale,
         transfer and assignment thereof pursuant hereto, each Receivable was
         secured by a validly perfected first priority security interest in the
         Financed Vehicle in favor of the Seller as secured party or all
         necessary and appropriate action had been commenced that would result
         in the valid perfection of a first priority security interest in the
         Financed Vehicle in favor of the Seller as secured party, which
         security interest, in either case, is assignable and has been so
         assigned by the Seller to the Issuer.

(g)      Receivables In Force. As of the Cut-Off Date, no Receivable has been
         satisfied, subordinated or rescinded, and the Financed Vehicle securing
         each such Receivable has not been released from the lien of the related
         Receivable in whole or in part.

(h)      No Waiver. Since the Cut-Off Date, no provision of a Receivable has
         been, or will be, waived, altered or modified in any respect, except as
         provided in Sections 3.1, 3.2 and 3.6 of the Servicing Agreement.

(i)      No Defenses. There are no rights of rescission, setoff, counterclaim or
         defense and the Seller has no knowledge of the same being asserted or
         threatened, with respect to any Receivable.

(j)      No Liens. To the best of the Seller's knowledge, there are no liens or
         claims that have been filed for work, labor or materials affecting any
         Financed Vehicle securing any Receivable that are or may be liens prior
         to, or equal or coordinate with, the security interest in the Financed
         Vehicle granted by the Receivable. No contribution failure has occurred
         with respect to any Benefit Plan which is sufficient to give rise to a
         lien under Section 302(f) of ERISA with respect to any Receivable. No
         tax lien has been filed and no claim related thereto is being asserted
         with respect to any Receivable.

                                                               Schedule I to the
                                                                  Sale Agreement

                                      I-3
<PAGE>

(k)      Insurance. Each Obligor is required to maintain a physical damage
         insurance policy of the type that Seller or its Affiliates require in
         accordance with their customary underwriting standards for the purchase
         or origination of automotive receivables.

(l)      Good Title. No Receivable has been sold, transferred, assigned or
         pledged by the Seller to any Person other than the Issuer; immediately
         prior to the conveyance of the Receivables pursuant to this Agreement,
         the Seller had good and marketable title thereto, free of any Lien;
         and, upon execution and delivery of this Agreement by the Seller, the
         Issuer shall have all of the right, title and interest of the Seller in
         and to the Receivables, the unpaid indebtedness evidenced thereby and
         the collateral security therefor, free of any Lien.

(m)      Lawful Assignment. No Receivable was originated in, or is subject to
         the laws of, any jurisdiction the laws of which would make unlawful,
         void or voidable the sale, transfer and assignment of such Receivable
         under this Agreement. The Seller has not entered into any agreement
         with any Obligor that prohibits, restricts or conditions the assignment
         of the related Receivable.

(n)      All Filings Made. All filings (including, UCC filings) necessary in any
         jurisdiction to give the Issuer a first priority perfected ownership
         interest in the Receivables shall have been made.

(o)      One Original. There is only one original executed copy of each
         Receivable.

(p)      No Documents or Instruments. No Receivable, or constituent part
         thereof, constitutes a "negotiable instrument" or "negotiable document
         of title" (as such terms are used in the UCC).

(q)      No Amendment. No Receivable has been amended or otherwise modified
         except as provided in Sections 3.1, 3.2 and 3.6 of the Servicing
         Agreement.

(r)      No Default; No Waiver. Except for payment delinquencies continuing for
         a period of not more than 30 days as of the Cut-Off Date, the Seller
         has no knowledge that a default, breach, violation or event permitting
         acceleration under the terms of the Receivable existed at the Cut-Off
         Date.

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

                                                               Schedule I to the
                                                                  Sale Agreement

                                      I-4
<PAGE>

                                                                     SCHEDULE II

                                NOTICE ADDRESSES

If to the Issuer:

Banc of America Securities Auto Trust 2005-WF1
c/o Wilmington Trust Company
1100 North Market Street
Rodney Square North
Wilmington, DE 19890-0001
Facsimile: (302) 636-4140
Attention: Corporate Trust Department

with copies to the Seller and the Indenture Trustee

If to the Seller:

BAS Securitization LLC
Hearst Tower
214 North Tryon Street
NC1-027-21-04
Charlotte, NC 28255
Attention:  William A. Glenn

If to the Originator:

Wells Fargo Bank, N.A.
3033 Elder Street
MAC U1851-034
Boise, ID 83705
Attention:  Barbara Nau

with a copy to

Wells Fargo Bank, N.A.
633 Folsom Street
7th Floor
San Francisco, CA 94107
Attention:  Penelope Shepherd

If to the Servicer:

Wells Fargo Bank, N.A.
3033 Elder Street
MAC UI851-034
Boise, ID 83705
Attention: Barbara Nau

                                                              Schedule II to the
                                                                  Sale Agreement

                                      II-1
<PAGE>

If to the Indenture Trustee:

U.S. Bank National Association
U.S. Bank Corporate Trust Services
209 S. LaSalle Street
Suite 300
Chicago, IL 60604
Facsimile: (312) 325-8905
Attention: BASAT 2005-WF1

If to the Owner Trustee:

Wilmington Trust Company
1100 North Market Street
Rodney Square North, Wilmington, Delaware 19890-0001
Facsimile: (302) 636-4140
Attention: Corporate Trust Department

If to Moody's:

Moody's Investors Service, Inc.
99 Church Street, 4th Floor
New York, New York 10007
Facsimile: (212) 298-7139)
Attention: ABS Monitoring Group

If to S&P:

Standard & Poor's Ratings Services
55 Water Street
New York, New York 10041
Facsimile:  (212) 438-2664
Attention: Asset Backed Surveillance Group

                                                              Schedule II to the
                                                                  Sale Agreement

                                      II-2
<PAGE>

                                                                       EXHIBIT A

                      ASSIGNMENT PURSUANT TO SALE AGREEMENT

                                     [DATE]

         For value received, in accordance with the Sale Agreement (the
"Agreement"), dated as of July 7, 2005, by and between Banc of America
Securities Auto Trust 2005-WF1, a Delaware statutory trust (the "Issuer") and
BAS Securitization LLC, a Delaware limited liability company (the "Seller"), on
the terms and subject to the conditions set forth in the Agreement, the Seller
does hereby irrevocably sell, transfer, assign, and otherwise convey to the
Issuer without recourse (subject to the obligations in the Agreement) on the
date hereof, all right, title and interest of the Seller, whether now owned or
hereafter acquired, in, to and under the following property, which sale shall be
effective as of the Cut-Off Date:

                  (i)   the Receivables listed on the Schedule of Receivables
         and all monies received thereon, on and after the Cut-Off Date;

                  (ii)  the Related Security;

                  (iii) the Receivable Files;

                  (iv)  all of BANA's rights in the Originator Purchase
         Agreement and the Servicing Agreement;

                  (v)   all of the Seller's rights under the Purchase Agreement;
         and

                  (vi)  any proceeds of the property described above.

         The foregoing sale does not constitute and is not intended to result in
an assumption by the Issuer of any obligation of the Seller or the Originator to
the Obligors, insurers or any other Person in connection with the Receivables or
the other assets and properties conveyed hereunder or any agreement, document or
instrument related thereto.

         This assignment is made pursuant to and upon the representations,
warranties and agreements on the part of the undersigned contained in the
Agreement and is governed by the Agreement.

         Capitalized terms used herein and not otherwise defined shall have the
meaning assigned to them in the Agreement.

                                                                Exhibit A to the
                                                                  Sale Agreement

                                       A-1
<PAGE>

         IN WITNESS HEREOF, the undersigned has caused this assignment to be
duly executed as of the date first above written.

                                           BAS SECURITIZATION LLC

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

                                                                Exhibit A to the
                                                                  Sale Agreement

                                       A-2

<PAGE>

                                                                       EXHIBIT B

              PERFECTION REPRESENTATIONS, WARRANTIES AND COVENANTS

In addition to the representations, warranties and covenants contained in the
Agreement, the Seller hereby represents, warrants, and covenants to the Issuer
and the Indenture Trustee as follows on the Closing Date:

                                     GENERAL

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

2. The Receivables constitute "chattel paper" (including "electronic chattel
paper" or "tangible chattel paper"), "accounts," "instruments" or "general
intangibles," within the meaning of the UCC.

3. Each Receivable is secured by a first priority validly perfected security
interest in the related Financed Vehicle in favor of the Originator, as secured
party, or all necessary actions with respect to such Receivable have been taken
or will be taken to perfect a first priority security interest in the related
Financed Vehicle in favor of the Originator, as secured party.

                                    CREATION

4. Immediately prior to the sale, transfer, assignment and conveyance of a
Receivable by the Seller to the Issuer, the Seller owned and had good and
marketable title to such Receivable free and clear of any Lien and immediately
after the sale, transfer, assignment and conveyance of such Receivable to the
Issuer, the Issuer will have good and marketable title to such Receivable free
and clear of any Lien.

5. The Originator has received all consents and approvals to the sale of the
Receivables hereunder to the Issuer required by the terms of the Receivables
that constitute instruments.

                                   PERFECTION

6. The Seller has caused or will have caused, within ten days after the
effective date of this Agreement, the filing of all appropriate financing
statements in the proper filing office in the appropriate jurisdictions under
applicable law in order to perfect the sale of the Receivables from the Seller
to Issuer, and the security interest in the Receivables granted to the Issuer
hereunder; and the Servicer, in its capacity as custodian, has in its possession
the original copies of such instruments or tangible chattel paper that
constitute or evidence the Receivables, and all financing statements referred to
in this paragraph contain a statement that: "A purchase of or security interest
in any collateral described in this financing statement will violate the rights
of the Secured Party".

7. With respect to Receivables that constitute instruments or tangible chattel
paper, either:

                                                                Exhibit B to the
                                                                  Sale Agreement
                                      B-1
<PAGE>

(i) All original executed copies of each such instrument or tangible chattel
paper have been delivered to the Indenture Trustee; or

(ii) Such instruments or tangible chattel paper are in the possession of the
Servicer and the Indenture Trustee has received a written acknowledgment from
the Servicer that the Servicer, in its capacity as custodian, is holding such
instruments or tangible chattel paper solely on behalf and for the benefit of
the Indenture Trustee; or

(iii) The Servicer received possession of such instruments or tangible chattel
paper after the Indenture Trustee received a written acknowledgment from the
Servicer that the Servicer is acting solely as agent of the Indenture Trustee.

                                    PRIORITY

8. The Seller has not authorized the filing of, or is not aware of, any
financing statements against the Seller that include a description of collateral
covering the Receivables other than any financing statement (i) relating to the
conveyance of the Receivables by BANA to the Seller under the Purchase
Agreement, (ii) relating to the security interest granted to Issuer hereunder or
(iii) that has been terminated.

9. The Seller is not aware of any material judgment, ERISA or tax lien filings
against the Seller.

10. Neither the Seller nor a custodian or vaulting agent thereof holding any
Receivable that is electronic chattel paper has communicated an authoritative
copy of any loan agreement that constitutes or evidences such Receivable to any
Person other than the Servicer.

11. None of the instruments, tangible chattel paper or electronic chattel paper
that constitute or evidence the Receivables has any marks or notations
indicating that they have been pledged, assigned or otherwise conveyed to any
Person other than the Seller, the Issuer or the Indenture Trustee.

                     SURVIVAL OF PERFECTION REPRESENTATIONS

12. Notwithstanding any other provision of the Sale Agreement or any other
Transaction Document, the perfection representations, warranties and covenants
contained in this Exhibit B shall be continuing, and remain in full force and
effect until such time as all obligations under the Transaction Documents and
the Notes have been finally and fully paid and performed.

                                    NO WAIVER

13. The parties to the Sale Agreement shall provide the Rating Agencies with
prompt written notice of any breach of the perfection representations,
warranties and covenants contained in this Exhibit B, and shall not, without
satisfying the Rating Agency Condition, waive a breach of any of such perfection
representations, warranties or covenants.

                                                                Exhibit B to the
                                                                  Sale Agreement
                                      B-2
<PAGE>

                                   APPENDIX A

                                   DEFINITIONS

         The following terms have the meanings set forth, or referred to, below:

         "Accrued Class A Note Interest" shall mean, with respect to any Payment
Date, the sum of the Class A Noteholders' Monthly Accrued Interest for such
Payment Date and the Class A Noteholders' Interest Carryover Shortfall for such
Payment Date.

         "Accrued Class B Note Interest" shall mean, with respect to any Payment
Date, the sum of the Class B Noteholders' Monthly Accrued Interest for such
Payment Date and the Class B Noteholders' Interest Carryover Shortfall for such
Payment Date.

         "Accrued Class C Note Interest" shall mean, with respect to any Payment
Date, the sum of the Class C Noteholders' Monthly Accrued Interest for such
Payment Date and the Class C Noteholders' Interest Carryover Shortfall for such
Payment Date.

         "Act" has the meaning set forth in Section 11.3(a) of the Indenture.

         "Affiliate" means, with respect to any specified Person, any other
Person controlling or controlled by or under common control with such specified
Person. For the purposes of this definition, "control" when used with respect to
any specified Person means the power to direct the management and policies of
such Person, directly or indirectly, whether through the ownership of voting
securities, by contract or otherwise; and the terms "controlling" and
"controlled" will have meanings correlative to the foregoing.

         "Aggregate Net Loss" means, with respect to a Collection Period, an
amount (which may be a positive or negative number) equal to (a) the aggregate
Principal Balance immediately prior to becoming a Defaulted Receivable of each
Receivable newly designated as a Defaulted Receivables during that Collection
Period minus (b) all Liquidation Proceeds collected during that Collection
Period with respect to all Defaulted Receivables; provided, however, with
respect to clause (a) and a Repossessed Defaulted Receivable, clause (a) shall
read: "(a) (i) the aggregate Principal Balance of such Repossessed Defaulted
Receivable as of the end of the previous Collection Period minus (ii) the
aggregate Principal Balance of such Repossessed Defaulted Receivable as of the
end of the that Collection Period.

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

         "Applicable Tax State" means, as of any date, each State as to which
any of the following is then applicable: (a) a State in which the Owner Trustee
maintains its Corporate Trust Office, (b) a State in which the Owner Trustee
maintains its principal executive offices and (c) the State of North Carolina.

                                                          Definitions (2005-WF1)
<PAGE>

         "Assignment, Assumption and Recognition Agreement" means the
Assignment, Assumption and Recognition Agreement, dated as of the Closing Date,
among BANA, the Servicer, the Originator and the Issuer, as amended, modified or
supplemented from time to time.

         "Authenticating Agent" means any Person authorized by the Indenture
Trustee to act on behalf of the Indenture Trustee to authenticate and deliver
the Notes.

         "Authorized Newspaper" means a newspaper of general circulation in the
City of New York, printed in the English language and customarily published on
each Business Day, whether or not published on Saturdays, Sundays and holidays.

         "Authorized Officer" means (a) with respect to the Issuer, any officer
of the Owner Trustee who is authorized to act for the Owner Trustee in matters
relating to the Issuer and who is identified on the list of Authorized Officers
delivered by the Owner Trustee to the Indenture Trustee on the Closing Date, and
with respect to the issuance of an Officer's Certificate by the Issuer, any
officer of the Depositor who is authorized to act for the Depositor in matters
relating to the Issuer and who is identified on the list of Authorized Officers
delivered by the Depositor to the Indenture Trustee on the Closing Date and (b)
with respect to the Owner Trustee, the Indenture Trustee and the Servicer, any
officer of the Owner Trustee, the Indenture Trustee or the Servicer, as
applicable, who is authorized to act for the Owner Trustee, the Indenture
Trustee or the Servicer, as applicable, in matters relating to the Owner
Trustee, the Indenture Trustee or the Servicer and who is identified on the list
of Authorized Officers delivered by each of the Owner Trustee, the Indenture
Trustee and the Servicer to the Indenture Trustee on the Closing Date (as such
list may be modified or supplemented from time to time thereafter).

         "Available Funds" means, for any Payment Date and the related
Collection Period, an amount equal to the sum of the following amounts: (i) all
Collections received by the Servicer during such Collection Period, (ii) the sum
of the Repurchase Prices deposited into the Collection Account with respect to
each Receivable that is to become a Repurchased Receivable on such Payment Date
and (iii) the investment income accrued during such Collection Period from the
investment of funds in the Collection Account and the Reserve Account.

         "Available Funds Shortfall Amount" means, as of any Payment Date, the
amount by which the amounts required to be paid pursuant to clauses first
through eighth of Section 8.4(a) of the Indenture exceeds the Available Funds
for such Payment Date.

         "BAC" means Bank of America Corporation, a Delaware corporation and its
successors and assigns.

         "BANA" means Bank of America, National Association, a national banking
association, and its successors and assigns.

         "Bankruptcy Code" means the United States Bankruptcy Code, 11 U.S.C.
101 et seq., as amended.

         "Bankruptcy Event" means, with respect to any Person, (i) the filing of
a decree or order for relief by a court having jurisdiction in the premises in
respect of such Person in an involuntary case under any applicable federal or
state bankruptcy, insolvency or other similar

                                                          Definitions (2005-WF1)
                                       2
<PAGE>

law now or hereafter in effect, or appointing a receiver, liquidator, assignee,
custodian, trustee, sequestrator or similar official of such Person, 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 (ii)
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 or taking possession by a receiver, liquidator, assignee, custodian,
trustee, sequestrator or similar official of such Person, 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.

         "Bankruptcy Remote Party" means each of the Seller, the Issuer, any
other trust created by the Seller or any limited liability company or
corporation wholly-owned by the Seller.

         "Benefit Plan" means (i) any "employee benefit plan" (as defined in
Section 3(3) of ERISA) that is subject to Title I of ERISA, (ii) a "plan"
described by Section 4975(e)(1) of the Code or (iii) any entity deemed to hold
the assets of any of the foregoing by reason of an employee benefit plan's or
other plan's investment in such entity.

         "Blue Ridge" means Blue Ridge Investments, L.L.C., a Delaware limited
liability company, and its successors and assigns.

         "Book-Entry Notes" means a beneficial interest in the Notes, ownership
and transfers of which shall be made through book entries by a Clearing Agency
as described in Section 2.10 of the Indenture.

         "Business Day" means any day other than a Saturday, a Sunday or a day
on which banking institutions in the states of Delaware, New York or Minnesota,
or in the state in which the Corporate Trust Office of the Indenture Trustee is
located, are authorized or obligated by law, executive order or government
decree to be closed.

         "Certificate" means a certificate substantially in the form of Exhibit
A to the Trust Agreement evidencing the Residual Interest.

         "Certificate Assignment" means the Certificate Assignment, dated as of
the Closing Date, pursuant to which the Certificate will be transferred by the
Depositor to Blue Ridge.

         "Certificate of Title" means, with respect to any Financed Vehicle, the
certificate of title or other documentary evidence of ownership of such Financed
Vehicle as issued by the department, agency or official of the jurisdiction
(whether in paper or electronic form) in which such Financed Vehicle is titled
responsible for accepting applications for, and maintaining records regarding,
certificates of title and liens thereon.

         "Certificateholder" means any Holder of a Certificate.

         "Class" means a group of Notes whose form is identical except for
variation in denomination, principal amount or owner, and references to "each
Class" thus mean each of the

                                                          Definitions (2005-WF1)
                                       3
<PAGE>

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

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

         "Class A Noteholders' Interest Carryover Shortfall" shall mean, with
respect to any Payment Date, the excess of the sum of the Class A Noteholders'
Monthly Accrued Interest for the preceding Payment Date and any outstanding
Class A Noteholders' Interest Carryover Shortfall on such preceding Payment
Date, over the amount in respect of interest that is actually paid to
Noteholders of Class A Notes on such preceding Payment Date, plus interest on
the amount of interest due but not paid to Noteholders of Class A Notes on the
preceding Payment Date, to the extent permitted by law, at the respective
Interest Rates borne by such Class A Notes for the related Interest Period.

         "Class A Noteholders' Monthly Accrued Interest" shall mean, with
respect to any Payment Date, the aggregate interest accrued for the related
Interest Period on the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes
and the Class A-4 Notes at the respective Interest Rate for such Class on the
Note Balance of the Notes of each such Class on the immediately preceding
Payment Date or the Closing Date, as the case may be, after giving effect to all
payments of principal to the Noteholders of such Class on or prior to such
preceding Payment Date.

         "Class A-1 Final Scheduled Payment Date" shall mean the Payment Date
occurring in July 2006.

         "Class A-1 Interest Rate" means 3.50545% per annum (computed on the
basis of the actual number of days elapsed, but assuming a 360-day year).

         "Class A-1 Note Balance" means, at any time, the Initial Class A-1 Note
Balance reduced by all payments of principal made prior to such time on the
Class A-1 Notes.

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

         "Class A-1 Notes" means the Class of Auto Loan Asset Backed Notes
designated as Class A-1 Notes, issued in accordance with the Indenture.

         "Class A-2 Final Scheduled Payment Date" shall mean the Payment Date
occurring in June 2008.

         "Class A-2 Interest Rate" means 3.89% per annum (computed on the basis
of a 360-day year of twelve 30-day months).

         "Class A-2 Note Balance" means, at any time, the Initial Class A-2 Note
Balance reduced by all payments of principal made prior to such time on the
Class A-2 Notes.

                                                          Definitions (2005-WF1)
                                       4
<PAGE>

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

         "Class A-2 Notes" means the Class of Auto Loan Asset Backed Notes
designated as Class A-2 Notes, issued in accordance with the Indenture.

         "Class A-3 Final Scheduled Payment Date" shall mean the Payment Date
occurring in August 2009.

         "Class A-3 Interest Rate" means 3.99% per annum (computed on the basis
of a 360-day year of twelve 30-day months).

         "Class A-3 Note Balance" means, at any time, the Initial Class A-3 Note
Balance reduced by all payments of principal made prior to such time on the
Class A-3 Notes.

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

         "Class A-3 Notes" means the Class of Auto Loan Asset Backed Notes
designated as Class A-3 Notes, issued in accordance with the Indenture.

         "Class A-4 Final Scheduled Payment Date" shall mean the Payment Date
occurring in April 2010.

         "Class A-4 Interest Rate" means 4.08% per annum (computed on the basis
of a 360-day year of twelve 30-day months).

         "Class A-4 Note Balance" means, at any time, the Initial Class A-4 Note
Balance reduced by all payments of principal made prior to such time on the
Class A-4 Notes.

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

         "Class A-4 Notes" means the Class of Auto Loan Asset Backed Notes
designated as Class A-4 Notes, issued in accordance with the Indenture.

         "Class B Final Scheduled Payment Date" shall mean the Payment Date
occurring in October 2010.

         "Class B Interest Rate" means 4.30% per annum (computed on the basis of
a 360-day year of twelve 30-day months).

         "Class B Note Balance" means, at any time, the Initial Class B Note
Balance reduced by all payments of principal made prior to such time on the
Class B Notes.

         "Class B Noteholder" shall mean the Person in whose name a Class B Note
is registered on the Note Register.

                                                          Definitions (2005-WF1)
                                       5
<PAGE>

         "Class B Noteholders' Interest Carryover Shortfall" shall mean, with
respect to any Payment Date, the excess of the sum of Class B Noteholders'
Monthly Accrued Interest for the preceding Payment Date and any outstanding
Class B Noteholders' Interest Carryover Shortfall on such preceding Payment
Date, over the amount in respect of interest that is actually paid to
Noteholders of Class B Notes on such preceding Payment Date, plus interest on
the amount of interest due but not paid to Noteholders of Class B Notes on the
preceding Payment Date, to the extent permitted by law, at the Class B Interest
Rate for the related Interest Period.

         "Class B Noteholders' Monthly Accrued Interest" shall mean, with
respect to any Payment Date, the aggregate interest accrued for the related
Interest Period on the Class B Notes at the Class B Interest Rate on the Class B
Note Balance on the immediately preceding Payment Date or the Closing Date, as
the case may be, after giving effect to all payments of principal to the Class B
Noteholders on or prior to such preceding Payment Date.

         "Class B Notes" means the Class of Auto Loan Asset Backed Notes
designated as Class B Notes, issued in accordance with the Indenture.

         "Class C Final Scheduled Payment Date" shall mean the Payment Date
occurring in February 2013.

         "Class C Interest Rate" means 4.49% per annum (computed on the basis of
a 360-day year of twelve 30-day months).

         "Class C Note Balance" means, at any time, the Initial Class C Note
Balance reduced by all payments of principal made prior to such time on the
Class C Notes.

         "Class C Noteholder" shall mean the Person in whose name a Class C Note
is registered on the Note Register.

         "Class C Noteholders' Interest Carryover Shortfall" shall mean, with
respect to any Payment Date, the excess of the sum of Class C Noteholders'
Monthly Accrued Interest for the preceding Payment Date and any outstanding
Class C Noteholders' Interest Carryover Shortfall on such preceding Payment
Date, over the amount in respect of interest that is actually paid to
Noteholders of Class C Notes on such preceding Payment Date, plus interest on
the amount of interest due but not paid to Noteholders of Class C Notes on the
preceding Payment Date, to the extent permitted by law, at the Class C Interest
Rate for the related Interest Period.

         "Class C Noteholders' Monthly Accrued Interest" shall mean, with
respect to any Payment Date, the aggregate interest accrued for the related
Interest Period on the Class C Notes at the Class C Interest Rate on the Class C
Note Balance on the immediately preceding Payment Date or the Closing Date, as
the case may be, after giving effect to all payments of principal to the Class C
Noteholders on or prior to such preceding Payment Date.

         "Class C Notes" means the Class of Auto Loan Asset Backed Notes
designated as Class C Notes, issued in accordance with the Indenture.

         "Clearing Agency" means an organization registered as a "clearing
agency" pursuant to Section 17A of the Exchange Act and shall initially be DTC.

                                                          Definitions (2005-WF1)
                                       6
<PAGE>

         "Clearing Agency Participant" means a broker, dealer, bank or other
financial institution or other Person for which from time to time a Clearing
Agency effects book-entry transfers and pledges of securities deposited with the
Clearing Agency.

         "Closing Date" means July 7, 2005.

         "Code" means the Internal Revenue Code of 1986, as amended, modified or
supplemented from time to time, and any successor law thereto, and the
regulations promulgated and the rulings issued thereunder.

         "Collateral" has the meaning set forth in the Granting Clause of the
Indenture.

         "Collections" means all amounts collected by the Servicer (from
whatever source) on or with respect to the Receivables; provided, however, that
the term "Collections" in no event will include (1) any amounts in respect of
any Receivable the Repurchase Price of which has been included in the Available
Funds on a prior Payment Date or (2) any Supplemental Servicing Fees.

         "Collection Account" means the segregated trust account established and
maintained pursuant to Section 8.2(a)(i) of the Indenture.

         "Collection Period" means the period commencing on the first day of
each calendar month and ending on the last day of such calendar month (or, in
the case of the initial Collection Period, the period commencing on the Cut-Off
Date and ending on June 30, 2005). As used herein, the "related" Collection
Period with respect to a Payment Date shall be deemed to be the Collection
Period which precedes such Payment Date.

         "Commission" means the U.S. Securities and Exchange Commission.

         "Contract" means, with respect to any Receivable, the motor vehicle
retail note and security agreement, the installment loan agreement, any
amendments thereto and any related documentary draft, if applicable, evidencing
such Receivable.

         "Contract Rate" means, with respect to a Receivable, the rate per annum
at which interest accrues under the Contract evidencing such Receivable. Such
rate may be less than the "Annual Percentage Rate" disclosed in the Receivable.

         "Controlling Class" shall mean, with respect to any Notes Outstanding,
the Class A Notes (voting together as a single Class) as long as any Class A
Notes are Outstanding, and thereafter the Class B Notes as long as any Class B
Notes are Outstanding, and thereafter the Class C Notes as long as any Class C
Notes are outstanding (excluding, in each case, Notes held by the Servicer, the
Seller or any of their respective Affiliates).

         "Corporate Trust Office" means:

         (a) as used with respect to the Indenture Trustee, the office of the
Indenture Trustee at which at any particular time its corporate trust business
shall be administered which office at date of the execution of the Indenture is
located at 209 South LaSalle Street, Suite 300, Chicago,

                                                          Definitions (2005-WF1)
                                       7
<PAGE>

Illinois 60604 (telecopier no. (312) 325-8905), Attention: BAS Auto Trust
2005-WF1, or at such other address as the Indenture Trustee may designate from
time to time by notice to the Noteholders, the Servicer and the Issuer, or the
principal corporate trust office of any successor Indenture Trustee (the address
of which the successor Indenture Trustee will notify the Noteholders, the
Servicer and the Owner Trustee); and

         (b) as used with respect to Owner Trustee, the corporate trust office
of the Owner Trustee located at 1100 North Market Street, Rodney Square North,
Wilmington, Delaware 19890-0001 (telecopier no. (302) 636-4140), Attention:
Corporate Trust Administration, or at such other address as the Owner Trustee
may designate by notice to the Residual Interestholder and the Seller, or the
principal corporate trust office of any successor Owner Trustee (the address of
which the successor Owner Trustee will notify the Residual Interestholder and
the Seller).

         "Current Receivable" means, as of any date of determination, any
Receivable that is not a Defaulted Receivable or a Liquidated Receivable and has
not been repurchased by the Purchaser, the Originator, the Servicer, the Seller
or any other Person.

         "Custodian" means Wells Fargo, initially, and any replacement Custodian
appointed pursuant to the Servicing Agreement.

         "Customary Servicing Practices" means the customary servicing practices
of the Servicer with respect to all comparable motor vehicle receivables that
the Servicer services for itself or others, as such customary servicing
practices may be changed from time to time.

         "Cut-Off Date" means May 1, 2005.

         "Dealer" means a Person who sells automobiles or light trucks,
originated one or more of the Receivables and assigned the respective
Receivables, directly or indirectly, to the Originator, an Affiliate of the
Originator or Quantum under an existing agreement between such Person and the
Originator, an Affiliate of the Originator or Quantum.

         "Dealer Agreement" means an existing agreement between the Originator,
an Affiliate of the Originator or Quantum and a Dealer with respect to a
receivable.

         "Default" means any occurrence that is, or with notice or lapse of time
or both would become, an Event of Default.

         "Defaulted Receivable" means a Receivable as to which the Servicer (i)
has reasonably determined, in accordance with its customary servicing
procedures, that eventual payment of amounts owing on such Receivable is
unlikely (and, in no event later than the end of the Collection Period during
which any payment on a Receivable shall have become 120 days past due), or (ii)
has repossessed and disposed of the Financed Vehicle, whichever occurs first.

         "Definitive Note" means a definitive fully registered Note issued
pursuant to Section 2.12 of the Indenture.

         "Delinquent Receivable" means a Receivable for which 90% of the
required payment has not been received by Servicer by the payment due date.

                                                          Definitions (2005-WF1)
                                       8
<PAGE>

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

                  (a) with respect to (I) bankers' acceptances, commercial
         paper, and negotiable certificates of deposit and other obligations
         that constitute "instruments" as defined in Section 9-102(47) of the
         UCC and are susceptible of physical delivery, transfer of actual
         possession 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 (II) with
         respect to a "certificated security" (as defined in Section 8-102(a)(4)
         of the UCC) transfer of actual possession thereof (i) by physical
         delivery of such certificated security 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, or
         to another person, other than a "securities intermediary" (as defined
         in Section 8-102(14) of the UCC), who acquires possession of the
         certificated security on behalf of the Indenture Trustee or its nominee
         or custodian or, having previously acquired possession of the
         certificate, acknowledges that it holds for the Indenture Trustee or
         its nominee or custodian or (ii) by delivery thereof to a "securities
         intermediary", endorsed to or registered in the name of the Indenture
         Trustee or its nominee or custodian, or endorsed in blank, and the
         making by such "securities intermediary" of entries on its books and
         records identifying such certificated securities as belonging to the
         Indenture Trustee or its nominee or custodian and the sending by such
         "securities intermediary" of a confirmation of the purchase of such
         certificated security by 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 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, the Federal
         National Mortgage Association or the other government agencies,
         instrumentalities and establishments of the United States identified in
         Appendix A to Federal Reserve Bank Operating Circular No. 7 as in
         effect from time to time that is a "book-entry security" (as such term
         is defined in Federal Reserve Bank Operating Circular No. 7) held in a
         securities account and eligible for transfer through the Fedwire(R)
         Securities Service operated by 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 securities account
         maintained with a Federal Reserve Bank by a "participant" (as such term
         is defined in Federal Reserve Bank Operating Circular No. 7) that is a
         "depository institution" (as defined in Section 19(B)(1)(A) of the
         Federal Reserve Act) pursuant to applicable Federal regulations, and
         issuance by such depositary institution of a deposit advice or other
         written confirmation of such book-entry registration to the Indenture
         Trustee or its nominee or custodian of the purchase by the Indenture
         Trustee or its nominee or custodian of such book-entry securities; the
         making by such depositary institution of entries in its books and
         records identifying such book-entry security held

                                                          Definitions (2005-WF1)
                                       9
<PAGE>

         through the Federal Reserve System pursuant to Federal book-entry
         regulations or a security entitlement thereto as belonging to the
         Indenture Trustee or its nominee or custodian and indicating that such
         depositary institution holds such Trust Account Property solely as
         agent for the Indenture Trustee or its nominee or custodian; 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 (as defined in Section 8-102(a)(18) of the
         UCC) and that is not governed by clause (b) above, (i) registration on
         the books and records of the issuer thereof in the name of the
         Indenture Trustee or its nominee or custodian, or (ii) registration on
         the books and records of the issuer thereof in the name of another
         person, other than a securities intermediary, who acknowledges that it
         holds such uncertificated security for the benefit of the Indenture
         Trustee or its nominee or custodian.

         "Depositor" means the Seller in its capacity as Depositor under the
Trust Agreement.

         "Depositor Certification" means the certification delivered pursuant to
Section 7.5(b) of the Indenture.

         "Determination Date" means the third Business Day preceding the related
Payment Date, beginning July 13, 2005.

         "Discount Receivable" means any Receivable that has an APR which is
less than the Required Rate.

         "Dollar" and "$" mean lawful currency of the United States of America.

         "DTC" means The Depository Trust Company, and its successors.

         "Eligible Account" means either (a) a segregated trust account with an
Eligible Institution or (b) a segregated trust account with the corporate trust
department of a depository institution acting in its fiduciary capacity
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 the long-term unsecured debt of such depository
institution shall have a credit rating from each Rating Agency in one of its
generic rating categories which signifies investment grade. Any such trust
account may be maintained with the Owner Trustee, the Indenture Trustee or any
of their respective Affiliates, if such accounts meet the requirements described
in clause (b) of the preceding sentence.

         "Eligible Institution" means a depository institution or trust company
(other than any Affiliate of BANA) (which may be the Owner Trustee, the
Indenture Trustee or any of their respective Affiliates) 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) (a) which at all
times has either (i) a long-term senior unsecured debt rating of "Aa2" or better
by Moody's

                                                          Definitions (2005-WF1)
                                       10
<PAGE>

and "AA-" or better by Standard & Poor's or such other rating that is acceptable
to each Rating Agency, as evidenced by a letter from such Rating Agency to the
Issuer or the Indenture Trustee or (ii) a certificate of deposit rating of "P-1"
by Moody's and "A-1+" by Standard & Poor's or such other rating that is
acceptable to each Rating Agency, as evidenced by a letter from such Rating
Agency to the Issuer or the Indenture Trustee and (b) whose deposits are insured
by the Federal Deposit Insurance Corporation.

         "Eligible Investments" shall mean any one or more of the following
types of investments:

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

                  (b) demand deposits, time deposits or certificates of deposit
         of any depository institution (including any Affiliate of the Seller,
         the Servicer, the Indenture Trustee or the Owner Trustee) or trust
         company incorporated under the laws of the United States of America or
         any state thereof or the District of Columbia (or any domestic branch
         of a foreign bank) and subject to supervision and examination by
         Federal or state banking or depository institution authorities
         (including depository receipts issued by any such institution or trust
         company as custodian with respect to any obligation referred to in
         clause (a) above or a portion of such obligation for the benefit of the
         holders of such depository receipts); provided that at the time of the
         investment or contractual commitment to invest therein (which shall be
         deemed to be made again each time funds are reinvested following each
         Payment Date), the commercial paper or other short-term senior
         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) of such depository institution or trust
         company shall have a credit rating from Standard & Poor's of at least
         A-1+ and from Moody's of Prime-1;

                  (c) commercial paper (including commercial paper of any
         affiliate of the Seller, the Servicer, the Indenture Trustee or the
         Owner Trustee) having, at the time of the investment or contractual
         commitment to invest therein, a rating from Standard & Poor's of at
         least A-1 and from Moody's of Prime-1;

                  (d) investments in money market funds (including funds for
         which the Seller, the Servicer, the Indenture Trustee or Owner Trustee
         or any of their respective Affiliates is investment manager or advisor)
         having a rating from Standard & Poor's of AAA-m or AAAm-G and from
         Moody's of Aaa;

                  (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) referred to in clause (b) above;
         and

                                                          Definitions (2005-WF1)
                                       11
<PAGE>

                  (g) any other investment of similar credit quality as the
         "Eligible Investments" referred to in clauses (a) through (f) above
         with respect to which each Rating Agency has provided written notice
         that such investment would not cause such Rating Agency to downgrade,
         qualify or withdraw its then current rating of any Class of Notes.

         "Eligible Receivable" means a Receivable meeting all of the criteria
set forth on Schedule I of the Sale Agreement as of the Closing Date.

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

         "Event of Default" has the meaning set forth in Section 5.1 of the
Indenture.

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

         "Final Scheduled Payment Date" means, with respect to (i) the Class A-1
Notes, the Class A-1 Final Scheduled Payment Date, (ii) the Class A-2 Notes, the
Class A-2 Final Scheduled Payment Date, (iii) the Class A-3 Notes, the Class A-3
Final Scheduled Payment Date, (iv) the Class A-4 Notes, the Class A-4 Final
Scheduled Payment Date, (v) the Class B Notes, the Class B Final Scheduled
Payment Date and (vi) the Class C Notes, the Class C Final Scheduled Payment
Date.

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

         "First Allocation of Principal" means, with respect to any Payment
Date, an amount equal to the excess, if any, of (a) the Note Balance of the
Class A Notes as of such Payment Date (before giving effect to any principal
payments made on the Class A Notes on such Payment Date) over (b)(i) the Pool
Balance as of the end of the related Collection Period minus (ii) the YSOC
Amount for such Payment Date; provided, however, that the "First Allocation of
Principal" shall not exceed the Note Balance of the Class A Notes; provided,
further, that the "First Allocation of Principal" for any Payment Date on and
after the Final Scheduled Payment Date for any Class of Class A Notes shall not
be less than the amount that is necessary to reduce the Note Balance of that
Class of Class A Notes to zero.

         "Form 10-K" has the meaning set forth in Section 7.5 of the Indenture.

         "GAAP" means generally accepted accounting principles in the USA,
applied on a materially consistent basis.

         "Governmental Authority" means any (a) Federal, state, municipal,
foreign or other governmental entity, board, bureau, agency or instrumentality,
(b) administrative or regulatory authority (including any central bank or
similar authority) or (c) court or judicial authority.

         "Grant" means mortgage, pledge, bargain, sell, warrant, alienate,
remise, release, convey, assign, transfer, create, grant a lien upon and a
security interest in and right of set-off against, deposit, set over and confirm
pursuant to the Indenture. A Grant of the Collateral or of any other agreement
or instrument shall include all rights, powers and options (but none of the
obligations) of the Granting party thereunder, including the immediate and
continuing right to claim for,

                                                          Definitions (2005-WF1)
                                       12
<PAGE>

collect, receive and give receipt for principal and interest payments in respect
of the Collateral and all other moneys payable thereunder, to give and receive
notices and other communications, to make waivers or other agreements, to
exercise all rights and options, to bring proceedings in the name of the
Granting party or otherwise and generally to do and receive anything that the
Granting party is or may be entitled to do or receive thereunder or with respect
thereto. Other forms of the verb "to Grant" shall have correlative meanings.

         "Holder" means, as the context may require, a Certificateholder or a
Noteholder or both.

         "Indenture" means the Indenture, dated as of the Closing Date, between
the Issuer and Indenture Trustee and acknowledged by the Depositor, as the same
may be amended and supplemented from time to time.

         "Indenture Trustee" means U.S. Bank National Association, a national
banking association, not in its individual capacity but as indenture trustee
under the Indenture, or any successor trustee under the Indenture.

         "Indenture Trustee Certification" means the certification delivered
pursuant to Section 7.5(c) of the Indenture.

         "Indenture Trustee's Certificate" means the certificate delivered
pursuant to Section 7.4 of the Indenture.

         "Independent" means, when used with respect to any specified Person,
that such Person (i) is in fact independent of the Issuer, any other obligor
upon the Notes, the Servicer and any Affiliate of any of the foregoing Persons,
(ii) does not have any direct financial interest or any material indirect
financial interest in the Issuer, any such other obligor, the Servicer or any
Affiliate of any of the foregoing Persons and (iii) is not connected with the
Issuer, any such other obligor, the Servicer or any Affiliate of any of the
foregoing Persons as an officer, employee, promoter, underwriter, trustee,
partner, director or Person performing similar functions.

         "Independent Certificate" means a certificate or opinion to be
delivered to the Indenture Trustee under the circumstances described in, and
otherwise complying with, the applicable requirements of Section 11.1 of the
Indenture, made by an independent appraiser or other expert appointed by an
Issuer Order, and such opinion or certificate shall state that the signer has
read the definition of "Independent" in this Appendix A and that the signer is
Independent within the meaning thereof.

         "Initial Class A-1 Note Balance" means $259,000,000.

         "Initial Class A-2 Note Balance" means $282,000,000.

         "Initial Class A-3 Note Balance" means $238,000,000.

         "Initial Class A-4 Note Balance" means $73,160,000.

         "Initial Class B Note Balance" means $17,800,000.

                                                          Definitions (2005-WF1)
                                       13
<PAGE>

         "Initial Class C Note Balance" means $20,000,000.

         "Initial Note Balance" means, for any Class, the Initial Class A-1 Note
Balance, the Initial Class A-2 Note Balance, the Initial Class A-3 Note Balance,
the Initial Class A-4 Note Balance, the Initial Class B Note Balance or the
Initial C Note Balance, as applicable, or with respect to the Notes generally,
the sum of the foregoing.

         "Insurance Policy" means, with respect to a Receivable, an insurance
policy covering physical damage, warranties, debt cancellation, credit life,
credit disability, theft, mechanical breakdown or similar event with respect to
the related Financed Vehicle.

         "Interest Period" means (i) with respect to the first Payment Date, the
period from and including the Closing Date to but excluding the first Payment
Date and (ii) with respect to each subsequent Payment Date, the period from and
including the prior Payment Date to but excluding such subsequent Payment Date.

         "Interest Rate" means (a) with respect to the Class A-1 Notes, the
Class A-1 Interest Rate, (b) with respect to the Class A-2 Notes, the Class A-2
Interest Rate, (c) with respect to the Class A-3 Notes, the Class A-3 Interest
Rate, (d) with respect to the Class A-4 Notes, the Class A-4 Interest Rate, (e)
with respect to the Class B Notes, the Class B Interest Rate or (f) with respect
to the Class C Notes, the Class C Interest Rate.

         "Internal Revenue Code" means the Internal Revenue Code of 1986, as
amended from time to time, and any successor thereto, and the regulations
promulgated and the rulings issued thereunder.

         "Issuer" means Banc of America Securities Auto Trust 2005-WF1, a
Delaware statutory trust established pursuant to the Trust Agreement, until a
successor replaces it and, thereafter, means the successor and, for purposes of
any provision contained herein, each other obligor on the Notes.

         "Issuer Order" and "Issuer Request" means a written order or request of
the Issuer signed in the name of the Issuer by any one of its Authorized
Officers and delivered to the Indenture Trustee.

         "Lien" means, for any asset or property of a Person, a lien, security
interest, mortgage, pledge or encumbrance in, of or on such asset or property in
favor of any other Person, except any Permitted Lien.

         "Liquidated Receivable" means, as of any date of determination, any
Receivable which (a) has been paid in full or (b) is a Defaulted Receivable with
respect to which the Servicer has determined in accordance with its Customary
Servicing Practices that all amounts expected to be received by the Servicer
with respect to such Defaulted Receivable have been received.

         "Liquidation Expenses" means, with respect to a Defaulted Receivable,
all reasonable expenses incurred by the Servicer in the course of repossessing
and liquidating a Financed Vehicle into cash proceeds or pursuing any deficiency
claim against the related Obligor, but only out of the cash proceeds of such
Financed Vehicle or any deficiency obtained from the Obligor.

                                                          Definitions (2005-WF1)
                                       14
<PAGE>

         "Liquidation Proceeds" means, with respect to a Defaulted Receivable,
all amounts realized with respect to such Receivable net of (i) Liquidation
Expenses, (ii) any amounts that are required to be refunded to the Obligor on
such Receivable and (iii) any amounts that have been applied by the Servicer
prior to the total charge-off of such Defaulted Receivable to reduce the
Principal Balance, but in any event not less than zero.

         "Monthly Form 8-K" has the meaning set forth in Section 7.5 of the
Indenture.

         "Moody's" means Moody's Investors Service, Inc., or any successor that
is a nationally recognized statistical rating organization.

         "Note" means a Class A-1 Note, Class A-2 Note, Class A-3 Note, Class
A-4 Note, Class B Note or Class C Note, in each case substantially in the forms
of Exhibit A to the Indenture.

         "Note Balance" means, with respect to any date of determination, for
any Class, the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3
Note Balance, the Class A-4 Note Balance, the Class B Note Balance or the Class
C Note Balance, as applicable, or with respect to the Notes generally, the sum
of all of the foregoing.

         "Note Depository Agreement" means the agreement, dated as of the
Closing Date, between the Issuer, the Indenture Trustee and DTC, as the initial
Clearing Agency relating to the Notes, as the same may be amended or
supplemented from time to time.

         "Note Factor" on a Payment Date means, with respect to each Class of
Notes, a seven-digit decimal figure equal to the Note Balance of such Class of
Notes as of the end of the related Collection Period divided by the Note Balance
of such Class of Notes as of the Closing Date. The Note Factor will be 1.000000
as of the Closing Date; thereafter, the Note Factor will decline to reflect
reductions in the Note Balance of such Class of Notes.

         "Note Owner" means, with respect to a Book-Entry Note, the Person who
is the beneficial owner of such Book-Entry Note, as reflected on the books of
the Clearing Agency or a Person maintaining an account with such Clearing Agency
(directly as a Clearing Agency Participant or as an indirect participant, in
each case in accordance with the rules of such Clearing Agency).

         "Note Register" and "Note Registrar" have the respective meanings set
forth in Section 2.4 of the Indenture.

         "Noteholder" means, as of any date, the Person in whose name a Note is
registered on the Note Register on such date, or, as indicated by the context,
the holder of the Revolving Liquidity Note.

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

         "Officer's Certificate" means (i) with respect to the Issuer, a
certificate signed by any Authorized Officer of the Issuer and (ii) with respect
to the Seller or the Servicer, a certificate signed by the chairman of the
board, the president, any executive vice president, any vice

                                                          Definitions (2005-WF1)
                                       15
<PAGE>

president, the treasurer, any assistant treasurer or the controller of the
Seller or the Servicer, as applicable.

         "Opinion of Counsel" means one or more written opinions of counsel who
may, except as otherwise expressly provided in the Indenture or any other
applicable Transaction Document, be employees of or counsel to the Issuer, the
Servicer or the Seller, and which opinion or opinions comply with any applicable
requirements of the Transaction Documents and are in form and substance
reasonably satisfactory to the recipient(s). Opinions of Counsel need address
matters of law only and may be based upon stated assumptions as to relevant
matters of fact.

         "Optional Purchase" has the meaning set forth in Section 5.10 to the
Servicing Agreement.

         "Optional Purchase Price" has the meaning set forth in Section 5.10 to
the Servicing Agreement.

         "Original Principal Balance" means, with respect to a Receivable and as
of the date on which such Receivable was originated, the aggregate amount
advanced under the Receivable toward the purchase price of the Financed Vehicle,
including accessories, insurance premiums, service and warranty contracts and
other items customarily financed as part of automobile and light truck retail
installment sale contracts.

         "Originator" means, with respect to any Receivable, Wells Fargo.

         "Originator Purchase Agreement" means the Purchase and Sale Agreement,
dated as of May 27, 2005, between the Originator and BANA, as amended, modified
or supplemented from time to time.

         "Other Assets" means any assets (or interests therein) (other than the
Trust Estate) conveyed or purported to be conveyed by the Seller to another
Person or Persons other than the Issuer, whether by way of a sale, capital
contribution or by virtue of the granting of a lien.

         "Outstanding" means, as of any date, all Notes (or all Notes of an
applicable Class) theretofore authenticated and delivered under the Indenture
except:

         (i) Notes (or Notes of an applicable Class) theretofore cancelled by
the Note Registrar or delivered to the Note Registrar for cancellation;

         (ii) Notes (or Notes of an applicable Class) or portions thereof the
payment for which money in the necessary amount has been theretofore deposited
with the Indenture Trustee or any Paying Agent in trust for the related
Noteholders (provided, however, that if such Notes are to be redeemed, notice of
such redemption has been duly given pursuant to the Indenture or provision
therefor, satisfactory to the Indenture Trustee, has been made); and

         (iii) Notes (or Notes of an applicable Class) in exchange for or in
lieu of other Notes (or Notes of such Class) that have been authenticated and
delivered pursuant to the Indenture unless proof satisfactory to the Indenture
Trustee is presented that any such Notes are held by a bona fide purchaser;

                                                          Definitions (2005-WF1)
                                       16
<PAGE>

provided that in determining whether Noteholders holding the requisite Note
Balance have given any request, demand, authorization, direction, notice,
consent, vote or waiver hereunder or under any Transaction Document, Notes owned
by the Issuer, the Seller, the Servicer or any of their respective Affiliates
shall be disregarded and deemed not to be Outstanding, except that, in
determining whether the Indenture Trustee shall be protected in relying upon any
such request, demand, authorization, direction, notice, consent, vote or waiver,
only Notes that a Responsible Officer of the Indenture Trustee knows to be so
owned shall be so disregarded. Notes so owned that have been pledged in good
faith may be regarded as Outstanding if the pledgee thereof establishes to the
satisfaction of the Indenture Trustee such pledgee's right so to act with
respect to such Notes and that such pledgee is not the Issuer, the Seller, the
Servicer or any of their respective Affiliates.

         "Owner Trustee" means Wilmington Trust Company, a Delaware banking
corporation, not in its individual capacity but solely as owner trustee under
the Trust Agreement, and any successor Owner Trustee thereunder.

         "Paying Agent" means the Indenture Trustee or any other Person that
meets the eligibility standards for the Indenture Trustee set forth in Section
6.11 of the Indenture and is authorized by the Issuer to make the payments to
and distributions from the Principal Distribution Account, including the payment
of principal of or interest on the Notes on behalf of the Issuer.

         "Payment Date" means the 18th day of each calendar month beginning July
18, 2005, provided, however, whenever a Payment Date would otherwise be a day
that is not a Business Day, the Payment Date shall be the next Business Day. As
used herein, the "related" Payment Date with respect to a Collection Period
shall be deemed to be the Payment Date which immediately follows such Collection
Period.

         "Payment Default" has the meaning set forth in Section 5.4(a) of the
Indenture.

         "Permitted Liens" means (a) any liens created by the Transaction
Documents; (b) any liens for taxes not due and payable or the amount of which is
being contested in good faith by appropriate proceedings; and (c) any liens of
mechanics, suppliers, vendors, materialmen, laborers, employees, repairmen and
other like liens securing obligations which are not due and payable or the
amount or validity of which is being contested in good faith by appropriate
proceedings.

         "Person" means any legal person, including any individual, corporation,
partnership, joint venture, association, limited liability company, joint stock
company, trust, unincorporated organization, or government or any agency or
political subdivision thereof.

         "Physical Property" has the meaning specified in the definition of
"Delivery" above.

         "Pool Balance" means as of the close of business of the last day of a
Collection Period, the aggregate Principal Balance of the Receivables (excluding
Repurchased Receivables as of such date).

         "Pool Factor" on a Payment Date means a seven-digit decimal figure
equal to the Pool Balance as of the end of the preceding Collection Period
divided by the sum of the aggregate

                                                          Definitions (2005-WF1)
                                       17
<PAGE>

Principal Balance of the Receivables as of the Cut-Off Date. The Pool Factor
will be 1.000000 as of the Cut-Off Date; thereafter, the Pool Factor will
decline to reflect reductions in the Pool Balance.

         "Predecessor Note" means, with respect to any particular Note, every
previous Note evidencing all or a portion of the same debt as that evidenced by
such particular Note; provided, however, for the purpose of this definition, any
Note authenticated and delivered under Section 2.5 of the Indenture in lieu of a
mutilated, destroyed, lost or stolen Note shall be deemed to evidence the same
debt as the mutilated, destroyed, lost or stolen Note.

         "Principal Balance" means, as of any date with respect to (a) a
Receivable (other than a Defaulted Receivable), the Original Principal Balance,
less:

                  (ii) payments received from or on behalf of the related
Obligor prior to such date allocable to principal;

                  (iii) any refunded portion of extended warranty protection
plans costs, physical damage, credit life or disability, warranties, debt
cancellation and other insurance premiums included in the Original Principal
Balance and allocable to principal;

                  (iv) the Repurchase Price with respect to Repurchased
Receivables to the extent allocable to principal; and

                  (v) any Liquidation Proceeds previously received on or prior
to the last day of the related Collection Period allocable to principal with
respect to such Receivable; or

         (b) a Defaulted Receivable, zero; provided, however, with respect to a
Repossessed Defaulted Receivable, the Principal Balance of such Receivable shall
be the current value of such Financed Vehicle as of the end of such Collection
Period, and shall be reduced to zero on the earlier to occur of (A) the date on
which such Financed Vehicle is sold and the related sales proceeds have been
deposited into the Collection Account, (B) the last day of the Collection Period
during which 90 days have elapsed since the repossession of such Financed
Vehicle and (C) the last day of the Collection Period during which such
Receivable became 180 days past due.

         "Principal Distribution Account" means the account by that name
established and maintained pursuant to Section 8.2(a)(ii) of the Indenture.

         "Proceeding" means any suit in equity, action at law or other judicial
or administrative proceeding.

         "Purchase Agreement" means the Purchase Agreement, dated as of the
Closing Date, between BANA and the Seller, as amended, modified or supplemented
from time to time.

         "Purchased Assets" has the meaning set forth in Section 2.1 of the
Purchase Agreement.

         "Quantum" means Quantum Auto Group, LLC, a New York limited liability
company, and its successors and assigns.

                                                          Definitions (2005-WF1)
                                       18
<PAGE>

         "Rating Agency" means Moody's or Standard & Poor's.

         "Rating Agency Condition" means, with respect to any event or
circumstance and each Rating Agency, either (a) written confirmation by such
Rating Agency that the occurrence of such event or circumstance will not cause
such Rating Agency to downgrade, qualify or withdraw its rating assigned to any
of the Notes or (b) that such Rating Agency shall have been given notice of such
event at least ten days prior to the occurrence of such event (or, if ten days'
advance notice is impracticable, as much advance notice as is practicable) and
such Rating Agency shall not have issued any written notice that the occurrence
of such event will itself cause such Rating Agency to downgrade, qualify or
withdraw its rating assigned to the Notes.

         "Receivable" means a Contract for a Financed Vehicle and any
amendments, modifications or supplements to such Contract that is included in
the Schedule of Receivables and all Related Security in connection therewith
which has not been released from the Lien of the Indenture. The term
"Receivable" does not include any Repurchased Receivable.

         "Receivable Files" means the documents specified in Section 2.1 of the
Servicing Agreement.

         "Record Date" means, unless otherwise specified in any Transaction
Document, with respect to any Payment Date or Redemption Date, (i) for any
Definitive Notes and for the Certificates, if any, the close of business on the
last Business Day of the calendar month immediately preceding the calendar month
in which such Payment Date or Redemption Date occurs and (ii) for any Book-Entry
Notes, the close of business on the Business Day immediately preceding such
Payment Date or Redemption Date.

         "Records" means, for any Receivable, all contracts, books, records and
other documents or information (including computer programs, tapes, disks,
software and related property and rights, to the extent legally transferable)
relating to such Receivable or the related Obligor.

         "Redemption Date" means in the case of a redemption of the Notes
pursuant to Section 10.1 of the Indenture, the Payment Date specified by the
Indenture Trustee or the Issuer pursuant to Section 10.1 of the Indenture.

         "Redemption Price" means an amount equal to the greater of (a) the sum
of (i) the unpaid Note Balance plus (ii) accrued and unpaid interest thereon at
the applicable Interest Rate for the Notes being so redeemed, up to but
excluding the Redemption Date plus (iii) any amounts due to BANA under the
Revolving Liquidity Note and (b) the Pool Balance of the Receivables as of the
Redemption Date.

         "Registered Holder" means the Person in whose name a Note is registered
on the Note Register on the related Record Date.

         "Regular Allocation of Principal" means, with respect to any Payment
Date, an amount equal to the excess, if any, of (a)(i) the Note Balance of the
Class A Notes, the Class B Notes and the Class C Notes as of such Payment Date
(before giving effect to any principal payments made on the Class C Notes on
such Payment Date) minus (ii) the First Allocation of Principal and the Second
Allocation of Principal for such Payment Date over (b)(i) the Pool Balance as of
the end

                                                          Definitions (2005-WF1)
                                       19
<PAGE>

of the related Collection Period minus (ii) the YSOC Amount for such Payment
Date; provided, however, that the Regular Allocation of Principal on and after
the Final Scheduled Payment Date for the Class C Notes shall not be less than
the amount that is necessary to reduce the outstanding principal amount of the
Class C Notes to zero (after the application of the First Allocation of
Principal and the Second Allocation of Principal).

         "Related Security" means, for any Receivable, (i) the security
interests in the Financed Vehicles granted by Obligors pursuant to the
Receivables and, to the extent permitted by law, any accessions thereto, (ii)
all proceeds from claims on any physical damage, credit life, credit disability,
warranties, debt cancellation agreements or other Insurance Policies covering
Financed Vehicles or Obligors, (iii) all proceeds from recourse against Dealers
on the Receivables and (iv) all proceeds of the foregoing property.

         "Repossessed Defaulted Receivable" means a Receivable that is a
Defaulted Receivable because such Receivable was 120 days or more past due as of
the end of the previous Collection Period, and the related Financed Vehicle has
been repossessed and not sold as of the end of such Collection Period.

         "Repurchase Price" means, with respect to any Repurchased Receivable, a
price equal to the outstanding Principal Balance (calculated without giving
effect to clause (a)(iii) contained in the definition of such term) of such
Receivable plus any unpaid accrued interest related to such Receivable accrued
to and including the end of the Collection Period preceding the date that such
Repurchased Receivable was purchased by BANA, the Servicer, the Originator or
the Seller, as applicable.

         "Repurchased Receivable" means a Receivable purchased by BANA pursuant
to Section 3.3 of the Purchase Agreement, by the Servicer pursuant to Section
3.7 of the Servicing Agreement, by the Originator pursuant to Section 6.2 of the
Originator Purchase Agreement or by the Seller pursuant to Section 2.3 of the
Sale Agreement.

         "Required Rate" means 5.50%.

         "Reserve Account" means the segregated trust account designated as
such, established and maintained pursuant to Section 8.2(a)(iii) of the
Indenture.

         "Residual Interest" means the beneficial interest in the Issuer, which
shall be represented by a Certificate.

         "Residual Interestholder" means the owner of the Residual Interest.
Blue Ridge shall be the initial Residual Interestholder.

         "Responsible Officer" means, (a) with respect to the Indenture Trustee,
any officer within the corporate trust department of the Indenture Trustee,
including any vice president, assistant vice president, assistant secretary,
assistant treasurer, trust officer or any other officer of the Indenture Trustee
who customarily performs functions similar to those performed by the persons who
at the time shall be such officers, respectively, or to whom any corporate trust
matter is referred because of such person's knowledge of and familiarity with
the particular subject and who shall have direct responsibility for the
administration of the Indenture, (b) with respect to

                                                          Definitions (2005-WF1)
                                       20
<PAGE>

the Owner Trustee, any officer within the Corporate Trust Administration of the
Owner Trustee and having direct responsibility for the administration of the
Issuer, including any Vice President, Assistant Vice President, Assistant
Treasurer, Assistant Secretary, Finances Services Officer or any other officer
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 (c) with respect to the Servicer
or Seller, any officer of such Person having direct responsibility for the
transactions contemplated by the Transaction Documents, including the President,
Treasurer or Secretary or any Vice President, Assistant Vice President,
Assistant Treasurer, Assistant Secretary, or any other officer 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.

         "Revolving Liquidity Note" means the Revolving Liquidity Note issued
pursuant to the Revolving Liquidity Note Agreement.

         "Revolving Liquidity Note Agreement" means the Revolving Liquidity Note
Agreement, dated as of the Closing Date, between BANA and the Issuer, as the
same may be amended, modified or supplemented from time to time.

         "Sale Agreement" means the Sale Agreement, dated as of the Closing
Date, among the Seller and the Issuer, as the same may be amended, modified or
supplemented from time to time.

         "Sarbanes-Oxley Act" means the Sarbanes-Oxley Act of 2002, as amended,
modified or supplemented from time to time, and any successor law thereto.

         "Schedule of Receivables" means, as the context may require, (i) the
schedule of Transferred Receivables, transferred to the Issuer on the Closing
Date or (ii) collectively, the schedule of all Receivables assigned to the
Issuer by the Seller as of the date of determination, with such additions and
deletions as properly made pursuant to the Transaction Documents.

         "Second Allocation of Principal" means, with respect to any specified
Payment Date, an amount equal to the excess, if any, of (a)(i) the Note Balance
of Class A Notes and the Class B Notes as of such Date (before giving effect to
any principal payments made on the Class B Notes on such Payment Date) minus
(ii) the First Allocation of Principal for such Payment Date over (b)(i) the
Pool Balance as of the end of the related Collection Period minus (ii) the YSOC
Amount for such Payment Date; provided, however, that the Second Allocation of
Principal on and after the Final Scheduled Payment Date for the Class B Notes
shall not be less than the amount that is necessary to reduce the outstanding
principal amount of the Class B Notes to zero (after the application of the
First Allocation of Principal).

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

         "Seller" means BAS Securitization, LLC, a Delaware limited liability
company, and its successors and assigns.

                                                          Definitions (2005-WF1)
                                       21
<PAGE>

         "Servicer" means Wells Fargo, initially, and any replacement Servicer
appointed pursuant to the Servicing Agreement.

         "Servicer Termination Event" has the meaning set forth in Section 6.1
of the Servicing Agreement.

         "Servicing Agreement" means the Servicing Agreement, dated as of May
27, 2005, between Wells Fargo and BANA, as amended and restated by the Amended
and Restated Servicing Agreement dated as of the Closing Date, as the same may
be amended and modified or supplemented from time to time.

         "Servicing Fee" means, for any Payment Date, the product of (A)
one-twelfth (or, in the case of the first Payment Date, a fraction, the
numerator of which is the number of days (assuming 30 day months) from and
including the Cut-Off Date to and including the last day of the first Collection
Period and the denominator of which is 360), (B) the Servicing Fee Rate and (C)
the Pool Balance as of the first day of the related Collection Period (or, in
the case of the first Payment Date, as of the Cut-Off Date). The Servicing Fee
for the first Payment Date on July 18, 2005 shall be $1,494,551.

         "Servicing Fee Rate" means 1.00% per annum.

         "Simple Interest Method" means the method of allocating each monthly
payment (including multiple monthly payments) on a Simple Interest Receivable to
principal and interest, pursuant to which the portion of such payment that is
allocated to interest is equal to the outstanding Principal Balance thereon
multiplied by the fixed rate of interest applicable to such Receivable
multiplied by the period of time elapsed (expressed as a fraction of a calendar
year) since the preceding payment of interest with respect to such Principal
Balance was made.

         "Simple Interest Receivable" means any Receivable under which the
portion of each payment allocable to earned interest and the portion allocable
to the principal is determined in accordance with the Simple Interest Method.
For purposes hereof, all payments with respect to a Simple Interest Receivable
shall be allocated to principal and interest in accordance with the Simple
Interest Method.

         "Specified Reserve Account Balance" means, for any Payment Date, zero,
except for any Payment Date on which the conditions set forth in Section 6.13(c)
of the Indenture require deposits into the Reserve Account, in which case the
Specified Reserve Account Balance shall be equal to the greater of (A) the
product of (i) 0.50% and (ii) the Principal Balance of the Receivables as of the
Cutoff Date minus the YSOC Amount on the Closing Date and (B) the product of (i)
1.25% and (ii) the Pool Balance as of the end of the related Collection Period
minus the YSOC Amount for such Payment Date; provided, however, that in no event
will the "Specified Reserve Account Balance" for a Payment Date exceed the
aggregate Note Balance of the Class A Notes, the Class B Notes and the Class C
Notes after giving effect to all payments on that Payment Date.

         "Standard & Poor's" means Standard & Poor's Ratings Services, a
division of The McGraw-Hill Companies, Inc., or any successor that is a
nationally recognized statistical rating organization.

                                                          Definitions (2005-WF1)
                                       22
<PAGE>

         "Statutory Trust Act" means Chapter 38 of Title 12 of the Delaware
Code, 12 Del. Code Section 3801 et seq.

         "Supplemental Servicing Fees" means, the fee payable to the Servicer
for certain services rendered during the respective Collection Period,
determined pursuant to and defined in Section 3.8(b) of the Servicing Agreement.

         "TIA" or "Trust Indenture Act" means the Trust Indenture Act of 1939,
as amended and as in force on the date hereof, unless otherwise specifically
provided.

         "Transaction Documents" means the Indenture, the Notes, the Note
Depository Agreement, the Sale Agreement, the Servicing Agreement, the Purchase
Agreement, the Assignment, Assumption and Recognition Agreement, the Revolving
Liquidity Note Agreement, the Revolving Liquidity Note, the Originator Purchase
Agreement and the Trust Agreement, as the same may be amended or modified from
time to time.

         "Transferred Assets" means (a) the Purchased Assets, (b) all of the
Seller's rights under the Purchase Agreement and (c) all proceeds of the
foregoing.

         "Transferred Receivables" means the Receivables transferred by the
Seller to the Issuer on the Closing Date.

         "Trust Accounts" has the meaning set forth in Section 8.2(a)(iii) of
the Indenture.

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

         "Trust Agreement" means the Trust Agreement, dated as of May 18, 2005,
as amended and restated by the Amended and Restated Trust Agreement dated as of
the Closing Date, between the Seller and the Owner Trustee, as the same may be
amended and supplemented from time to time.

         "Trust Estate" means all money, accounts, chattel paper, general
intangibles, goods, instruments, investment property and other property of the
Issuer, including without limitation (i) the Transferred Assets, (ii) the rights
of the Issuer to the funds on deposit from time to time in the Trust Accounts
and any other account or accounts established pursuant to the Indenture and all
cash, investment property and other property from time to time credited thereto
and all proceeds thereof (including investment earnings, net of losses and
investment expenses, on amounts on deposit therein), (iii) all of the Issuer's
rights under the Sale Agreement, (iv) rights of the Owner Trustee and the Issuer
pursuant to the Revolving Liquidity Note Agreement and Revolving Liquidity Note
and (v) all proceeds of the foregoing.

         "UCC" means, unless the context otherwise requires, the Uniform
Commercial Code as in effect in the relevant jurisdiction, as amended from time
to time.

                                                          Definitions (2005-WF1)
                                       23
<PAGE>

         "United States" or "USA" means the United States of America (including
all states, the District of Columbia and political subdivisions thereof).

         "Wells Fargo" means Wells Fargo Bank, N.A., a national banking
association, and its successors and assigns.

         "YSOC Amount" means, with respect to any Collection Period and the
related Payment Date, the aggregate amount by which the Principal Balance as of
the last day of such Collection Period of each Discount Receivable (other than a
Discount Receivable that is a Defaulted Receivable), exceeds the present value
(calculated at the Required Rate) of each scheduled payment of each Discount
Receivable assuming such scheduled payment is made on the last day of each month
and each month has 30 days.

         The foregoing definitions shall be equally applicable to both the
singular and plural forms of the defined terms. Unless otherwise inconsistent
with the terms of this Agreement, all accounting terms used herein shall be
interpreted, and all accounting determinations hereunder shall be made, in
accordance with GAAP. Amounts to be calculated hereunder shall be continuously
recalculated at the time any information relevant to such calculation changes.

                                                          Definitions (2005-WF1)
                                       24<PAGE>
                                                                    EXHIBIT 10.3
                              AMENDED AND RESTATED

                               SERVICING AGREEMENT

                                     BETWEEN

                             WELLS FARGO BANK, N.A.

                            AS SERVICER AND CUSTODIAN

                                       AND

                      BANK OF AMERICA, NATIONAL ASSOCIATION

                                  AS PURCHASER

                            DATED AS OF JULY 7, 2005

<PAGE>
                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                               PAGE
<S>      <C>          <C>                                                                                      <C>
ARTICLE I             DEFINITIONS AND USAGE......................................................................1

         Section 1.1.          Definitions.......................................................................1

ARTICLE II            SERVICER AS CUSTODIAN......................................................................2

         Section 2.1.          Custody of Receivable Files.......................................................2

         Section 2.2.          Duties of Custodian...............................................................2

ARTICLE III           ADMINISTRATION AND SERVICING OF RECEIVABLES AND PURCHASED PROPERTY.........................4

         Section 3.1.          Duties of Servicer................................................................4

         Section 3.2.          Collection of Receivable Payments.................................................5

         Section 3.3.          Realization Upon Receivables......................................................6

         Section 3.4.          Allocations of Collections........................................................6

         Section 3.5.          Maintenance of Security Interests in Financed Vehicles............................6

         Section 3.6.          Covenants of Servicer.............................................................6

         Section 3.7.          Repurchase of Receivables Upon Breach by the Servicer.............................7

         Section 3.8.          Servicing Fee and Supplemental Servicing Fee Payable to the Servicer..............8

         Section 3.9.          Annual Statement as to Compliance; Notice of Event of Servicing
                               Termination.......................................................................8

         Section 3.10.         Annual Independent Certified Public Accountants' Report...........................8

         Section 3.11.         Servicer Expenses.................................................................9

         Section 3.12.         Disaster Recovery Plan............................................................9

         Section 3.13.         Exchange Act Filings.............................................................10

         Section 3.14.         Quality Control Procedures.......................................................10

         Section 3.15.         Accuracy of Information..........................................................10

         Section 3.16.         Inspection Rights................................................................10

ARTICLE IV            DISTRIBUTIONS; STATEMENTS.................................................................10

         Section 4.1.          Establishment of Collection Account by the Purchaser.............................10

         Section 4.2.          Distributions; Remittance Conditions.............................................10

         Section 4.3.          Net Remittances to the Purchaser.................................................11

         Section 4.4.          Statements to Purchaser..........................................................11

ARTICLE V             THE SERVICER..............................................................................12
</TABLE>

                                      -i-
<PAGE>
                                TABLE OF CONTENTS
                                   (continued)

<TABLE>
<CAPTION>
                                                                                                               PAGE
<S>      <C>          <C>                                                                                      <C>
         Section 5.1.          Representations of Servicer......................................................12

         Section 5.2.          Indemnities of Servicer..........................................................13

         Section 5.3.          Merger or Consolidation of, or Assumption of the Obligations of Servicer.........14

         Section 5.4.          Limitation on Liability of Servicer and Others...................................14

         Section 5.5.          Delegation of Duties.............................................................15

         Section 5.6.          Wells Fargo Not to Resign as Servicer............................................15

         Section 5.7.          Existence........................................................................15

         Section 5.8.          Servicer May Own Securities......................................................15

         Section 5.9           Servicer May Not Sell Deficiency Balances........................................15

ARTICLE VI            SERVICING TERMINATION.....................................................................16

         Section 6.1.          Events of Servicing Termination..................................................16

         Section 6.2.          Consequence of a Servicer Termination Event......................................17

         Section 6.3.          Agreement to Cooperate Upon Termination or Resignation of the Servicer...........17

         Section 6.4.          Waiver of Past Events of Servicing Termination...................................17

         Section 6.5.          Termination......................................................................17

ARTICLE VII           MISCELLANEOUS PROVISIONS..................................................................18

         Section 7.1.          Amendment........................................................................18

         Section 7.2.          Counterparts.....................................................................18

         Section 7.3.          GOVERNING LAW; Submission to Jurisdiction........................................18

         Section 7.4.          Headings and Cross-References....................................................18

         Section 7.5.          Notices and Wire Instructions....................................................18

         Section 7.6.          Severability of Provisions.......................................................19

         Section 7.7.          Assignment.......................................................................19

         Section 7.8.          Further Assurances...............................................................19

         Section 7.9.          No Waiver; Cumulative Remedies...................................................19

         Section 7.10.         Third-Party Beneficiaries........................................................20

         Section 7.11.         WAIVER OF TRIAL BY JURY..........................................................20

         Section 7.12.         Special Covenants of the Purchaser and the Servicer..............................20

ARTICLE VIII          SECURITIZATIONS AND OTHER DISPOSITIONS OF RECEIVABLES.....................................21
</TABLE>

                                      -ii-
<PAGE>
                                TABLE OF CONTENTS
                                   (continued)

<TABLE>
<CAPTION>
                                                                                                               PAGE
<S>      <C>          <C>                                                                                      <C>

         Section 8.1.          Securitizations and Other Dispositions of Receivables............................21

         Section 8.2.          Designees to Act on Behalf of Purchaser..........................................23

         Section 8.3.          Nonpetition......................................................................23
</TABLE>

                                      -iii-
<PAGE>

EXHIBITS

EXHIBIT A    SCHEDULE OF RECEIVABLES
EXHIBIT B    FORM OF MONTHLY SERVICING REPORT
EXHIBIT C    FORM OF SARBANES-OXLEY CERTIFICATE
EXHIBIT D    FORM OF 10B-5 OFFICER'S CERTIFICATE

ATTACHMENT A   MONTHLY FILE TAPE DATA LAYOUT

                                      iii
<PAGE>
         This AMENDED AND RESTATED SERVICING AGREEMENT, (as from time to time
amended, supplemented or otherwise modified and in effect, this "Agreement"), is
made as of July 7, 2005, between Wells Fargo Bank, N.A., a national banking
association ("Wells Fargo"), as servicer (in such capacity, the "Servicer"), and
as custodian (in such capacity, the "Custodian") and BANK OF AMERICA, National
Association, a national banking association ("BANA"), as purchaser (together
with its successors and assigns, the "Purchaser").

         1. The Servicer and the Purchaser entered into a Servicing Agreement
dated as of May 27, 2005 (the "Original Agreement");

         2. The parties hereto have agreed to amend and restate the Original
Agreement pursuant hereto.

         3. The Purchaser purchased a specified portfolio of receivables
consisting of automobile and light truck retail installment sale contracts and
related property from the Seller.

         4. The Seller sold such specified portfolio of receivables to the
Purchaser pursuant to a Purchase and Sale Agreement.

         5. The Servicer is servicing and is willing to continue to service, on
behalf of the Purchaser, the Purchaser's specified portfolio of receivables.

         6. For administrative convenience, the Servicer is acting as the
custodian and is willing to continue to act as the custodian, on behalf of the
Purchaser, of the Purchaser's specified portfolio of receivables and related
property.

         In consideration of the foregoing, other good and valuable
consideration, and the mutual terms and covenants contained herein, the Parties
hereto agree as follows:

                                   ARTICLE I

                              DEFINITIONS AND USAGE

         Section 1.1 Definitions. Certain capitalized terms used in the above
recitals and in this Agreement are defined in and shall have the respective
meanings assigned to them in Appendix A to the Purchase and Sale Agreement,
dated as of May 27, 2005, between Wells Fargo, as the Seller, and BANA, as the
Purchaser. All references herein to "the Agreement" or "this Agreement" are to
this Servicing Agreement as it may be amended, supplemented or modified from
time to time, the exhibits and attachments hereto and the capitalized terms used
herein which are defined in such Appendix A, and all references herein to
Articles, Sections and subsections are to Articles, Sections or subsections of
this Agreement unless otherwise specified. The rules of construction and usage
set forth in such Appendix A shall be applicable to this Agreement.

<PAGE>

                                   ARTICLE II

                              SERVICER AS CUSTODIAN

         Section 2.1. Custody of Receivable Files. To assure uniform quality in
servicing the Receivables and to reduce administrative costs, the Purchaser,
upon the execution and delivery of this Agreement, hereby revocably appoints the
Custodian, and the Custodian hereby accepts such appointment, to act as the
agent of the Purchaser as custodian of the following documents or instruments,
which are hereby constructively delivered to the Purchaser (collectively, the
"Receivable Files") with respect to each Receivable:

         (a) the fully executed original of the installment sale contract for
such Receivable;

         (b) documents evidencing or related to any Insurance Policy;

         (c) the original credit application, fully executed by the Obligor or a
photocopy thereof, or a record thereof on a computer file, diskette or on
microfiche;

         (d) where permitted by law, the original certificate of title (when
received) and otherwise such documents, if any, that Seller keeps on file in
accordance with its customary procedures indicating that the Financed Vehicle is
owned by the Obligor and subject to the interest of Seller as first lienholder
or secured party; and

         (e) any and all other documents that Seller keeps on file in accordance
with its customary procedures relating to the individual Receivable, Obligor or
Financed Vehicle.

         The Custodian hereby acknowledges receipt of the Receivable Files for
each Receivable listed on the Schedule of Receivables attached hereto as Exhibit
A.

         Section 2.2. Duties of Custodian.

         (a) Safekeeping. The Custodian shall hold each Receivable File
described herein on behalf of the Purchaser of the related Receivable for the
use and benefit of the Purchaser and shall maintain such accurate accounts,
records and computer systems pertaining to each Receivable File described
herein. On or prior to the Closing Date, the computer files created in
connection with the Receivables will be marked to reflect that the Receivables
have been sold to the Purchaser. Each Receivable shall be identified as such on
the computer records of the Custodian to the extent the Custodian reasonably
determines to be necessary to comply with the terms and conditions of this
Agreement. In performing its duties hereunder, the Custodian agrees to act with
reasonable care, using that degree of skill and attention that the Custodian
exercises with respect to receivable files relating to comparable automobile
receivables that the Custodian holds for itself or others and that is consistent
with industry standards and consistent with such standard of care, the Custodian
may utilize the services of third parties to act as custodian of Receivable
Files under the same terms as the Servicer may delegate duties pursuant to
Section 5.5. The Custodian shall conduct, or cause to be conducted, periodic
physical inspections 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 Custodian to verify the accuracy of the Custodian's inventory
and record keeping. The Custodian shall promptly report to the Purchaser of a
Receivable any failure on its part to hold the related Receivable File as
described herein and maintain its accounts, records and computer systems as
herein provided and promptly take appropriate action to remedy any such failure.
Nothing herein will be deemed to

                                       2
<PAGE>

require an initial review or any periodic review by the Purchaser or any
Purchaser Pledgee of the Receivables Files.

         (b) Maintenance of and Access to Records. The Custodian agrees to
maintain each Receivable File at 711 West Broadway Road, Tempe, Arizona 85282,
or at such other office of the Custodian as shall from time to time be
identified to the Purchaser upon thirty (30) days' prior written notice. Subject
only to the Custodian's security requirements applicable to its own employees
having access to similar records held by the Custodian, the Custodian shall
permit the Purchaser or Purchaser Pledgee or any of their respective duly
authorized representatives, attorneys or auditors to inspect the related
Receivable File described herein and the related accounts, records and computer
systems maintained by the Custodian pursuant hereto at such times as the
Purchaser or Purchaser Pledgee may reasonably request. Prior to the occurrence
and continuation of a Servicer Termination Event, any such access will be at the
expense of the Purchaser. Upon written request from the Purchaser or the
Purchaser Pledgee, the Servicer will release any document in the Receivable
Files to the requesting party or its designee; provided that (i) such release of
documents will not interfere with the Servicer's ability to service the
Receivables in accordance with the terms of this Agreement and (ii) if a
Servicer Termination Event has not occurred, the Purchaser will reimburse the
Servicer for any reasonable costs and expenses incurred in effecting such
release. Any document so released will be handled by the Purchaser or the
Purchaser Pledgee, as applicable, or its designee with due care and returned to
the Servicer as soon as such Person no longer has a need for such document. If a
Servicer Termination Event has occurred and is continuing, access to the
Receivables Files and the release of any document in the Receivables Files will
be at the sole cost and expense of the Servicer.

         (c) Administration; Reports. In general, the Custodian shall attend to
all non-discretionary details in connection with maintaining custody of the
Receivable Files as described herein. In addition, the Custodian shall assist
the Servicer generally in the preparation of routine reports to the Purchaser,
if any, or to regulatory bodies, to the extent necessitated by the Custodian's
custody of the Receivable Files described herein.

         (d) Servicing. The Custodian is familiar with the duties of the
Servicer, the servicing procedures and the allocation and distribution
provisions (including those related to principal collections, losses and
recoveries on Receivables) set forth in this Agreement and hereby agrees to
maintain the Receivable Files in a manner consistent therewith. The Custodian
further agrees to cooperate with the Servicer in the Servicer's performance of
its duties herein and under the other Basic Documents.

         (e) Instructions; Authority to Act. The Custodian shall be deemed to
have received proper instructions from the Purchaser with respect to the
Receivable Files described herein upon its receipt of written instructions
signed by an authorized officer of the Purchaser or the Purchaser Pledgee.

         (f) Indemnification By the Custodian. The Custodian agrees to indemnify
the Purchaser and the Purchaser Pledgee for any and all liabilities,
obligations, losses, damages, payments, costs or expenses of any kind whatsoever
that may be imposed on, incurred by or asserted against the Purchaser or the
Purchaser Pledgee as the result of any act or omission in

                                       3
<PAGE>

any way relating to the maintenance and custody by the Custodian of the
Receivable Files described herein; provided, however, that the Custodian shall
not be liable to the Purchaser or the Purchaser Pledgee for any portion of any
such amount resulting from the willful misfeasance, bad faith, negligence or
failure to comply with applicable laws or regulations of the Purchaser, the
Purchaser Pledgee or any subsequent purchaser, assignee, transferee, pledgee or
other holder of the Receivables. This Section 2.2(f) shall survive the
termination of this Agreement.

         (g) Effective Period, Termination, and Amendment; Interpretive and
Additional Provisions. The Servicer's appointment as Custodian will become
effective as of the Cutoff Date and will continue in full force and effect until
terminated as herein provided. The appointment of the Servicer as Custodian may
be terminated by either party hereto by written notice to the other party, such
termination to take effect no sooner than sixty (60) days after the date of such
notice. Notwithstanding the foregoing, if Wells Fargo resigns as Servicer in
accordance with the provisions of this Agreement or if all of the rights and
obligations of the Servicer are terminated under Section 6.2, the appointment of
the Servicer as Custodian hereunder may be terminated in the same manner as the
Servicer may be terminated under Section 6.2. As soon as practicable after any
termination under this Section 2.2, the Custodian will deliver to the Purchaser,
or the Purchaser's designee, the Receivable Files and the related accounts and
records maintained by the Custodian at such place or places as the Purchaser may
reasonably designate, at the expense of (i) the Custodian, if the Custodian
resigns, if a Servicer Termination Event has occurred and is continuing or if
the long-term unsecured senior debt rating of the Servicer is withdrawn or
reduced below "A2" by Moody's or "A" by Standard & Poor's or (ii) the Purchaser,
if the Purchaser terminates the Custodian and no Servicer Termination Event has
occurred.

                                  ARTICLE III

                         ADMINISTRATION AND SERVICING OF
                       RECEIVABLES AND PURCHASED PROPERTY

         Section 3.1. Duties of Servicer. Effective as of the Cutoff Date, the
Servicer is hereby appointed and authorized to act as agent for the Purchaser
and in such capacity shall manage, service, administer and make collections on
the Receivables with reasonable care, using that degree of skill and attention
that the Servicer exercises with respect to comparable automobile receivables
that it services for itself or others and that is consistent with prudent
industry standards. The Servicer hereby accepts such appointment and
authorization and agrees to perform the duties of Servicer with respect to the
Receivables set forth herein. The Servicer's duties shall include collection and
posting of all payments, responding to inquiries of Obligors, investigating
delinquencies, sending monthly statements to Obligors, reporting tax information
to Obligors, accounting for collections and furnishing monthly and annual
statements to the Purchaser of any Receivables with respect to distributions and
performing the other duties specified herein. Subject to the provisions of
Section 3.2 and the standard of care set forth above, the Servicer shall follow
its customary standards, policies and procedures and shall have full power and
authority, acting alone, to do any and all things in connection with such
managing, servicing, administration and collection that it may deem necessary or
desirable. Without limiting the generality of the foregoing, the Servicer is
hereby authorized and empowered by the Purchaser, pursuant to this Section 3.1,
to execute and deliver, on behalf of

                                       4
<PAGE>

itself or the Purchaser of such Receivable, any and all instruments of
satisfaction or cancellation, or of partial or full release or discharge, and
all other comparable instruments, with respect to the Receivables and the
Financed Vehicles; provided, that notwithstanding the foregoing, the Servicer
shall not, excepted as permitted by Section 3.6, release an Obligor from payment
of any unpaid balance of any related Receivable. The Servicer is hereby
authorized to commence, in its own name or in the name of the Purchaser of such
Receivable a legal proceeding to enforce a Defaulted Receivable as contemplated
by Section 3.3, to enforce all obligations of the Seller herein or to commence
or participate in a legal proceeding (including a bankruptcy proceeding)
relating to or involving a Receivable or a Defaulted Receivable. If the Servicer
commences or participates in such a legal proceeding in its own name, the
Servicer is hereby authorized and empowered by the Purchaser pursuant to this
Section 3.1, to obtain possession of the related Financed Vehicle and
immediately and without further action on the part of the Purchaser or the
Servicer, the Purchaser of such Receivable shall thereupon automatically assign
in trust such Receivable and the security interest in the related Financed
Vehicle to the Servicer for the benefit of the Purchaser for purposes of
commencing or participating in any such proceeding as a party or claimant. Upon
such automatic assignment, the Servicer will be, and will have all the rights
and duties of, a secured party under the UCC and other applicable law with
respect to such Receivable and the related Financed Vehicle. At the Servicer's
request from time to time, the Purchaser shall provide the Servicer with
evidence of the assignment in trust for the benefit of the Purchaser, as
applicable, as may be reasonably necessary for the Servicer to take any of the
actions set forth in the following sentence. The Servicer is hereby authorized
and empowered by the Purchaser to execute and deliver in the Servicer's name any
notices, demands, claims, complaints, responses, affidavits or other documents
or instruments in connection with any such proceeding. The Purchaser shall
furnish the Servicer with any powers of attorney and other documents and take
any other steps which the Servicer may deem necessary or appropriate to enable
the Servicer to carry out its servicing and administrative duties herein. Except
to the extent required by the preceding two sentences, the authority and rights
granted to the Servicer in this Section 3.1 shall be nonexclusive and shall not
be construed to be in derogation of the retention by the Purchaser of equivalent
authority and rights.

         The Servicer hereby agrees that upon its resignation and the
appointment of a successor servicer hereunder, the Servicer will terminate its
activities as Servicer hereunder in accordance with Section 6.2, and, in any
case, in a manner which the Purchaser or Purchaser Pledgee reasonably determines
will facilitate the transition of the performance of such activities to such
successor servicer, and the Servicer shall cooperate with and assist such
successor servicer.

         For the avoidance of doubt, to the extent that any specific term or
provision of this Agreement conflicts with the servicing practices the Servicer
follows with respect to the automobile receivables that it services for itself
and others, the Servicer shall follow the terms and provisions of this
Agreement, and the Servicer shall be deemed to have complied with its standard
of care set forth above in this Section 3.1 notwithstanding such conflict.

         Section 3.2. Collection of Receivable Payments. The Servicer will make
reasonable efforts to collect all payments called for under the terms and
provisions of the Receivables as and when the same become due and will follow
such collection procedures as it follows with respect to all comparable
automobile receivables that it services for itself and others in connection
therewith. Except as provided in Section 3.6(c), the Servicer is hereby
authorized to grant

                                       5
<PAGE>

extensions, rebates, or adjustments on a Receivable for credit reasons without
the prior consent of the Purchaser. The Servicer is authorized in its discretion
to waive any late payment charge or any other fees that may be collected in the
ordinary course of servicing a Receivable.

         Section 3.3. Realization Upon Receivables. The Servicer shall use
reasonable efforts, consistent with its customary practices, policies and
procedures, and the standard of care set forth in Section 3.1, to repossess or
otherwise convert the ownership of the Financed Vehicle that it has reasonably
determined should be repossessed or otherwise converted following a default
under the Receivable secured by the Financed Vehicle. The Servicer is authorized
to follow such customary practices, policies and procedures as it follows in its
servicing of comparable receivables, which practices, policies and procedures
may include selling the Financed Vehicle at public or private sale and other
actions by the Servicer in order to realize upon such a Receivable, it being
understood that the Servicer shall (i) generally repossess Financed Vehicles
within ninety (90) days after a payment on the related Receivable becomes due
and has not been paid (unless the Financed Vehicle is voluntarily surrendered)
and (ii) sell such repossessed Financed Vehicle generally within forty-five (45)
days after repossession thereof. The foregoing is 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 any repair or towards the
repossession of such Financed Vehicle unless it shall determine in its
discretion that such repair and/or repossession shall increase the proceeds of
liquidation of the related Receivable by an amount greater than the amount of
such expenses. The Servicer shall be entitled to receive all reasonable
Liquidation Expenses with respect to each Defaulted Receivable at such time as
the Receivable becomes a Defaulted Receivable, but only out of the cash proceeds
of such Financed Vehicle or any deficiency obtained from the Obligor.

         Section 3.4. Allocations of Collections. If an Obligor is obligated
under one or more Receivables and also under one or more other assets owned by
the Seller or assigned by the Seller to third parties, then any payment on any
such asset received from or on behalf of such Obligor will, if identified as
being made with respect to a particular item or asset, be applied to such item,
and otherwise will be allocated by the Servicer in accordance with its customary
standards, policies and procedures.

         Section 3.5. Maintenance of Security Interests in Financed Vehicles.
The Servicer shall, in accordance with its customary servicing procedures and
the standard of care set forth in Section 3.1, and at its own expense, take such
steps as are necessary to maintain the continuous perfection of the security
interest created by each Receivable in the related Financed Vehicle at all
times. The Purchaser hereby authorizes the Servicer to re-perfect such security
interest on behalf of such Purchaser, as necessary because of the relocation of
a Financed Vehicle or for any other reason.

         Section 3.6. Covenants of Servicer. As of the Cutoff Date with respect
to the Receivables, the Servicer hereby makes the following representations,
warranties and covenants. The Servicer covenants that from and after the Closing
Date:

         (a) Liens in Force. The Servicer shall not release in whole or in part
any Financed Vehicle from the security interest securing the related Receivable
except in the event of payment in full by or on behalf of the Obligor thereunder
or payment in full less a deficiency amount

                                       6
<PAGE>

which the Servicer would not attempt to collect in accordance with the standard
of care set forth in Section 3.1 or in connection with repossession, or except
as may be required by an insurer in order to receive proceeds from any Insurance
Policy covering such Financed Vehicle.

         (b) No Impairment. The Servicer shall not impair in any material
respect the rights of the Purchaser in and to the Receivables or any of the
other Purchased Property; and

         (c) No Modifications. The Servicer shall not (i) reduce the Annual
Percentage Rate other than as required by applicable law, (ii) reduce the Amount
Financed with respect to any Receivable other than as required by applicable law
or in accordance with its customary servicing practice and the standard of care
set forth in Section 3.1 in connection with a settlement in the event the
Receivable becomes a Defaulted Receivable, (iii) extend the term to maturity of
a Receivable beyond July 14, 2012 or such other date specified in any
Securitization Document or (iv) permit any Obligor related to a Receivable to
participate in any "payment holiday" program marketed or promoted by the
Servicer or its Affiliates that would result in a payment deferment after the
Cutoff Date.

         (d) Forced Placed Insurance. After the Cutoff Date, the Servicer shall
track the compliance of each Obligor in ordinance with its customary procedures
regarding the Obligor's obligation to maintain insurance coverage on the related
Financed Vehicle. The Servicer shall notify each Obligor when they are not in
compliance. Servicer shall not expend its own funds to pay any insurance premium
or obtain or maintain any such policy and Servicer shall not "force-place"
insurance.

         Section 3.7. Repurchase of Receivables Upon Breach by the Servicer.
Upon discovery by either party to this Agreement of a breach of any of the
covenants set forth in Sections 3.5 and 3.6 that materially and adversely
affects the interest of the Purchaser in any Receivable, the Party discovering
such breach shall give prompt written notice thereof to the other. As of the
last day of the Collection Period which includes the 60th day following its
discovery or receiving notice of such breach (or, at the Servicer's election,
the last day of the Collection Period which includes the 30th day), the Servicer
shall, unless it shall have cured such breach in all material respects, purchase
from the Purchaser any Receivable materially and adversely affected by such
breach and, on the related Payment Date, the Servicer shall pay the
Administrative Purchase Payment.

         In addition to such repurchase obligation, the Servicer shall indemnify
the Purchaser and the Purchaser Pledgee and hold them harmless against any
losses, damages, penalties, fines, forfeitures, reasonable legal fees and
related costs, judgments, and other costs and expenses resulting from any claim,
demand, defense or assertion based on or grounded upon, or resulting from a
breach of any of the covenants set forth in Sections 3.5 and 3.6. It is
understood and agreed that the obligation of the Servicer to purchase any
Receivable with respect to which such a breach has occurred and is continuing
and to indemnify the Purchaser and the Purchaser Pledgee as provided in this
Section 3.7 and in Section 5.2, shall, if such obligations are fulfilled,
constitute the sole remedies against the Servicer for such breach available to
the Purchaser and any Purchaser Pledgee.

         Upon receipt of the Administrative Purchase Payment, the Purchaser
shall assign, without recourse, representation or warranty, to the Servicer all
of the Purchaser's right, title and interest

                                       7
<PAGE>

in, to and under such Administrative Receivable, all monies due thereon, the
security interests in the related Financed Vehicle, proceeds from any Insurance
Policies and the interests in certain rebates of premiums and other amounts
relating to the Insurance Policies and any document relating thereto, such
assignment being an assignment outright and not for security; and the Servicer,
shall thereupon own such Receivable, and all such security and documents, free
of any further obligations to the Purchaser with respect thereto.

         Section 3.8. Servicing Fee and Supplemental Servicing Fee Payable to
the Servicer.

         (a) Servicing Fee. To compensate the Servicer for services rendered
under this Agreement, the Purchaser will pay the Servicer the Servicing Fee on
each Payment Date from the Cutoff Date until the earliest to occur of:

             (i) resignation of the Servicer pursuant to Section 5.6; or

             (ii) termination of the Servicer pursuant to Section 6.2.

         (b) Supplemental Servicing Fee. In addition to the Servicing Fee, and
as additional compensation for its services rendered under this Agreement, the
Servicer will be entitled to retain any late fees, prepayment charges,
non-sufficient fund fees, extension fees and other administrative fees and
expenses or similar charges allowed by applicable law collected (from whatever
source) on the Receivables during each Collection Period (such amounts, the
"Supplemental Servicing Fee").

         Section 3.9. Annual Statement as to Compliance; Notice of Event of
Servicing Termination.

         (a) The Servicer will deliver to the Purchaser and any trustee relating
to a Securitization on or before March 15 of each year beginning March 15, 2006,
an Officer's Certificate, dated as of December 31 of the immediately preceding
year, stating that:

              (i) a review of the activities of the Servicer during the
         preceding 12-month period (or, with respect to the first such
         certificate, such period as shall have elapsed from the Cutoff Date to
         the date of such certificate) and of its performance under this
         Agreement has been made under such officer's supervision; and

              (ii) to the best of such officer's knowledge, based on such
         review, the Servicer has fulfilled all its obligations under this
         Agreement throughout such period in all material respects, or, if
         there has been a material default in the fulfillment of any such
         obligation, specifying each such default known to such officer and the
         nature and status thereof.

         (b) The Servicer will deliver to the Purchaser and any trustee relating
to a Securitization promptly (but in no event later than five Business Days)
after having obtained knowledge thereof, notice of any event which, with the
giving of notice or lapse of time, or both, would become a Servicer Termination
Event.

         Section 3.10. Annual Independent Certified Public Accountants' Report.

                                       8
<PAGE>

         (a) The Servicer shall, at its expense, cause a firm of Independent
Accountants on or before March 15 of each year, beginning March 15, 2006, with
respect to the twelve months ended on the immediately preceding December 31 (or,
with respect to the first such report, such period as shall have elapsed from
the Cutoff Date to the date of such certificate), to deliver to the Purchaser
and any trustee relating to a Securitization a report (the "Accountants'
Report") addressed and delivered to the board of directors of the Servicer, to
the effect that such firm has examined the Servicer's assertion that the
Servicer has complied with its Minimum Servicing Standards (as defined below)
and that such examination: (i) was conducted in accordance with the Attestation
Protocol (as defined below) and (ii) included examining, on a test basis,
evidence regarding the Servicer's compliance with its Minimum Servicing
Standards. The Accountants' Report shall include an opinion that the Servicer's
assertion with respect to compliance with its Minimum Servicing Standards is
fairly stated in all material respects or shall report the exceptions that do
not permit such opinion The Accountants' Report required by this Section 3.10(a)
may be replaced at the election of the Servicer by any similar report or
certification using standards comparable to Minimum Servicing Standards or the
Attestation Protocol that are now or in the future in use by servicers of retail
installment sale contracts or direct purchase money loans and that otherwise
comply with any rule, regulation, "no action" letter or similar guidance
promulgated by the Securities and Exchange Commission, including Regulation AB
of the Commission.

         (b) "Attestation Protocol" shall mean the procedures, standards,
guidance, explanatory materials, and exhibits with respect to the conduct of an
attestation program that are set forth in the preface, introduction and exhibits
to The Uniform Single Attestation Program for Mortgage Bankers effective for
fiscal years ended on or after December 15, 1995 or in any successor program, to
the extent such procedure, standards, guidance, explanatory materials and
exhibits are applicable to the servicing obligations set forth in this
Agreement.

         (c) "Minimum Servicing Standards" shall mean the servicing standards
identified as "Minimum Servicing Standards" in The Uniform Single Attestation
Program for Mortgage Bankers effective for fiscal years ended on or after
December 15, 1995 or in any successor program, to the extent such standards are
applicable to the servicing obligations set forth in this Agreement.

         (d) "Independent Accountants" shall mean a firm of accountants that is
independent of the Servicer, as defined and interpreted under the Code of
Professional Ethics of the American Institute of Certified Public Accountants.

         Section 3.11. Servicer Expenses. Subject to any limitations on the
Servicer's liability herein, the Servicer will be required to pay all expenses
incurred by it in connection with its activities hereunder, including fees,
expenses and disbursements of any subcontractors, Independent Accountants, taxes
imposed on the Servicer and expenses incurred in connection with distributions
and reports to the Purchaser and the Purchaser Pledgee.

         Section 3.12. Disaster Recovery Plan. The Servicer will maintain and
comply with a written plan for resumption of business in the event a disaster
disrupts or impairs its business or operations.

                                       9
<PAGE>

         Section 3.13. Exchange Act Filings. The Servicer shall cooperate with
any reasonable request made by the Purchaser or any Purchaser Pledgee in
connection with any periodic reports required to be filed under the provisions
of the Exchange Act, and the rules and regulations of the Commission thereunder,
including Regulation AB and including providing an Officer's Certificate
substantially in the Form of Exhibit C hereto (or such other form as may by
required by applicable law) in connection with any Sarbanes-Oxley Certification
required to be made by the Purchaser or any Purchaser Pledgee to the Commission.

         Section 3.14. Quality Control Procedures. The Servicer shall have an
internal quality control program that verifies, on a regular basis, the
existence and accuracy of the Receivable Files, the quality of the servicing
activities of the Servicer and the Servicer's compliance with its obligations
under this Agreement.

         Section 3.15. Accuracy of Information. All information furnished by the
Servicer to the Purchaser or any Purchaser Pledgee (including the Monthly
Servicer Reports and the Monthly Data File) for purposes of or in connection
with this Agreement and the transactions contemplated hereby will be true,
accurate and complete in all material respects, on and as of the date such
information was furnished (except to the extent that such furnished information
relates solely to an earlier date, in which case such information is true and
accurate in all material respects on and as of such earlier date).

         Section 3.16. Inspection Rights. The Servicer shall permit the
Purchaser, the Purchaser Pledgee and their respective agents, at any time upon
reasonable request and notice during normal business hours, to inspect, audit
and make copies of any abstracts from the Servicer's records (if any) regarding
any Receivable.

                                   ARTICLE IV

                            DISTRIBUTIONS; STATEMENTS

         Section 4.1. Establishment of Collection Account by the Purchaser. The
Purchaser will, prior to the Closing Date, establish and maintain an account in
the name of Purchaser at a bank in the United States of America (such account,
together with any replacement account, the "Collection Account"). On the Closing
Date and from time to time thereafter, the Purchaser shall inform the Servicer
in writing of the account number and related wiring information for the
Collection Account. The Servicer will deposit into the Collection Account all
remittances to the Purchaser, as required by Section 4.2, by wire transfer in
immediately available funds. All monies on deposit in the Collection Account
will be property of the Purchaser. Pending deposit into the Collection Account
and so long as the Monthly Remittance Condition is met, any monies collected by
the Servicer with respect to the Receivables may be used by the Servicer at its
own risk and for its own benefit and are not required to be segregated from its
own funds.

         Section 4.2. Distributions; Remittance Conditions.

         (a) Subject to Section 4.3, the Servicer will make remittances to the
Purchaser by depositing Available Collections and Available Collections Interest
for the related Collection

                                       10
<PAGE>

Period in the Collection Account on the Business Day immediately preceding the
related Payment Date for any Collection Period, if:

               (i) Wells Fargo is the Servicer;

               (ii) the rating of Wells Fargo's short-term unsecured debt is at
         least P-1 by Moody's and is at least A-1 by Standard & Poor's; and

               (iii) no Servicer Termination Event has occurred (each of clauses
         (i), (ii) and (iii), a "Monthly Remittance Condition").

         (b) If the Servicer no longer satisfies each Monthly Remittance
Condition, then the Servicer shall within two Business Days of its failure to
satisfy the Monthly Remittance Conditions deliver all Available Collections in
its possession to the Collection Account. Thereafter, the Servicer shall remit
all Available Collections to the Collection Account within two Business Days of
the receipt thereof.

         To the extent the Servicer again satisfies each Monthly Remittance
Condition it will again make remittances to the Purchaser in accordance with
Section 4.2(a).

         (c) On or before the Reporting Date in any month with respect to which
the Servicer is required to make remittances in the manner provided in Section
4.2(b), the Servicer will prepare and provide in electronic form to the
Purchaser and any trustee relating to a Securitization as part of the Monthly
Servicing Report, a report reconciling its daily remittances with Available
Collections for such Collection Period and the other monthly data for such
Collection Period.

         (d) On the Business Day immediately preceding each Payment Date, the
Servicer will also remit to the Collection Account an amount equal to the
aggregate Administrative Purchase Payments, if any, with respect to
Administrative Receivables for the related Collection Period pursuant to Section
3.7 hereof.

         (e) The Servicer may withdraw (or cause to be withdrawn) funds from the
Collection Account to withdraw any funds deposited in the Collection Account
that were not required to be deposited therein (such as Supplemental Servicing
Fees) or were deposited therein in error.

         Section 4.3. Net Remittances to the Purchaser. For so long as each
Monthly Remittance Condition is satisfied, the Servicer will make the monthly
remittances required under Section 4.2(a) net of the Servicing Fee and
Supplemental Servicing Fee and any unpaid Servicing Fee and Supplemental
Servicing Fee owed to the Servicer; provided, however, that such amounts will be
listed separately on the Monthly Servicer Report as if such amounts were
distributed to the Servicer separately.

         Section 4.4. Statements to Purchaser. On or before each Reporting Date,
commencing on the Reporting Date on July 10, 2005, the Servicer will deliver in
electronic form to (a) the Purchaser and any indenture trustee relating to a
Securitization with respect to all of the Receivables on an aggregate basis a
monthly servicer report substantially in the form attached hereto as Exhibit B
(each, a "Monthly Servicer Report") and (b) the Purchaser and any indenture

                                       11
<PAGE>

trustee relating to a Securitization a monthly data file (setting forth
account-level data identified by account number) in a form substantially similar
to Attachment A hereto, with such changes to the information provided in
Attachment A hereto as will be mutually agreed to by the Servicer and the
Purchaser (the "Monthly Data File").

                                   ARTICLE V

                                  THE SERVICER

         Section 5.1. Representations of Servicer. The Servicer makes the
following representations as of the Cutoff Date and as of the Closing Date,
except as otherwise noted, which shall survive the sale, transfer and assignment
of the Receivables to the Purchaser and any subsequent pledge thereof to any
Purchaser Pledgee:

         (a) Organization and Good Standing. The Servicer has been duly
organized and is validly existing as a national banking association in good
standing under the laws of the United States of America, with power and
authority to own its properties and to conduct its business as such properties
are presently owned and such business is presently conducted, and has had at all
relevant times the power, authority and legal right to service the Receivables
and the other properties and rights included in the Purchased Property.

         (b) Due Qualification. The Servicer is duly qualified to do business
and 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 Receivables) requires or shall
require such qualification.

         (c) Power and Authority. The Servicer has the power and authority to
execute and deliver this Agreement and to carry out the terms of this Agreement;
and the Servicer's execution, delivery and performance of this Agreement has
been duly authorized by the Servicer by all necessary corporate action.

         (d) Binding Obligation. This Agreement, when duly executed and
delivered, shall constitute legal, valid and binding obligations of the Servicer
enforceable in accordance with their respective terms, except as enforceability
may be limited by bankruptcy, insolvency, reorganization, or other similar laws
affecting the enforcement of creditors' rights in general and by general
principles of equity, regardless of whether such enforceability is considered in
a proceeding in equity or at law.

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

         (f) No Violation. The consummation of the transactions contemplated by
this Agreement and the fulfillment of the terms of this Agreement 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 incorporation or by-laws of the Servicer, or any indenture,
agreement, mortgage, deed of trust or other instrument to which the Servicer is
a party or by

                                       12
<PAGE>

which it is bound, or result in the creation or imposition of any Lien upon any
of its properties pursuant to the terms of any such indenture, agreement,
mortgage, deed of trust or other instrument, other than the Basic Documents or
violate any law, 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 any of its
properties that would materially and adversely affect the performance by the
Servicer of its obligations under, or the validity and enforceability of, this
Agreement.

         (g) No Proceedings. As of the Closing Date, there are no proceedings or
investigations pending, or, to the Servicer's knowledge, threatened, before any
court, regulatory body, administrative agency or other tribunal or governmental
instrumentality having jurisdiction over the Servicer or its properties (A)
asserting the invalidity of the Basic Documents, (B) seeking to prevent the
consummation of any of the transactions contemplated by this Agreement, (C)
alleging that one or more of the Receivables, or the servicing thereof, failed
to comply with applicable law or (D) 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.

         (h) Servicing Fee. The Servicing Fee, together with any Supplemental
Servicing Fees, represents reasonable compensation for the Servicer for
performing its obligations with respect to the Receivables under this Agreement.
The entire Servicing Fee, together with any Supplemental Servicing Fees, will be
treated by the Servicer, for accounting and tax purposes, as compensation for
its servicing activities hereunder.

         (i) No Adverse Change. There has been no material adverse change in the
business, operations, financial condition or assets of the Servicer since the
date of the Servicer's most recent publicly available financial statements.

         Section 5.2. Indemnities of Servicer. The Servicer shall be liable in
accordance with this Agreement only to the extent of the obligations in this
Agreement specifically undertaken by the Servicer. Such obligations shall
include the following:

         (a) The Servicer shall defend, indemnify and hold harmless the Servicer
Indemnified Parties 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 any Financed
Vehicle;

         (b) The Servicer shall indemnify, defend and hold harmless the Servicer
Indemnified Parties from and against any taxes that may at any time be asserted
against any such Person with respect to the transactions contemplated in this
Agreement, including any sales, gross receipts, general corporation, tangible
personal property, privilege or license taxes (but not including any federal or
other income taxes arising out of distributions hereunder) and costs and
expenses in defending against the same;

         (c) The Servicer shall indemnify, defend and hold harmless the Servicer
Indemnified Parties 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

                                       13
<PAGE>

upon the Purchaser through the negligence, willful misfeasance or bad faith of
the Servicer in the performance of its duties under this Agreement or by reason
of reckless disregard of its obligations and duties under this Agreement, or by
the failure of the Receivables to have been serviced in compliance with
applicable law;

         (d) The Servicer shall indemnify, defend, and hold harmless the
Servicer Indemnified Parties from and against any and all costs, expense,
losses, claims, damages, and liabilities arising out of any breach in respect of
any representation or warranty of the Servicer in this Agreement, or in any
Schedule, Exhibit, written statement or certificate furnished by Servicer
pursuant to this Agreement; provided, however, that the Servicer shall not be so
required to indemnify the Servicer Indemnified Parties or otherwise be liable to
the Servicer Indemnified Parties hereunder for any losses (i) resulting from the
performance of the Receivables in connection with the exercise of remedies
following the occurrence of servicing termination (except to the extent any such
losses are attributable to any breach by Servicer of any representation,
warranty or covenant made by it in relation to any such Receivable), or (ii)
arising from such Person's willful misfeasance, bad faith or negligence (except
for errors in judgment).

         Indemnification under this Section 5.2 shall include reasonable fees
and expenses of external counsel and expenses of litigation. If the Servicer has
made any indemnity payments pursuant to this Section 5.2 and the recipient
thereafter collects any of such amounts from others, the recipient shall
promptly repay such amounts collected to the Servicer, without interest.

         Section 5.3. Merger or Consolidation of, or Assumption of the
Obligations of Servicer. Any corporation or other entity (a) into which the
Servicer may be merged or consolidated, (b) resulting from any merger,
conversion or consolidation to which the Servicer shall be a party, (c)
succeeding to the business of the Servicer, or (d) more than 50% of the voting
stock (or, if not a corporation, other voting interests) of which is owned
directly or indirectly by Wells Fargo & Company and which is otherwise servicing
the Servicer's receivables, which corporation in any of the foregoing cases
executes an agreement of assumption to perform every obligation of the Servicer
under this Agreement, shall be the successor to the Servicer under this
Agreement without the execution or filing of any paper or any further act on the
part of any of the Parties to this Agreement, anything in this Agreement to the
contrary notwithstanding. The Servicer shall provide notice of any merger,
consolidation or succession pursuant to this Section 5.3 to the Purchaser.

         Section 5.4. Limitation on Liability of Servicer and Others.

         (a) Neither the Servicer nor any of the directors or officers or
employees or agents of the Servicer shall be under any liability to the
Purchaser, except as specifically provided in 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
(except errors in judgment) in the performance of duties or by reason of
reckless disregard of obligations and duties herein. The Servicer and any
director, officer or employee or agent of the Servicer may reasonably rely in
good faith on the

                                       14
<PAGE>

advice of counsel or on any document of any kind prima facie properly executed
and submitted by any Person respecting any matters arising under this Agreement.

         (b) Except as provided in this Agreement, the Servicer shall not be
under any obligation to appear in, prosecute or defend any legal action that is
not 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, at the Purchaser's request the Servicer may undertake any
reasonable action that it may deem necessary or desirable in respect of the
Basic Documents and the rights and duties of the Parties to the Basic Documents
and the interests of the Purchaser in the Basic Documents. In such event, the
legal expenses and costs for such action and any liability resulting therefrom
shall be expenses, costs and liabilities of the Purchaser and the Servicer shall
be entitled to be reimbursed therefor, and the Purchaser shall defend, indemnify
and hold harmless the Servicer from and against any and all costs, expenses,
losses, damages, claims and liabilities arising out of or resulting therefrom.

         Section 5.5. Delegation of Duties. So long as Wells Fargo acts as
Servicer, the Servicer may, at any time without notice to or consent of the
Purchaser, delegate any duties herein to any corporation or other Person more
than 50% of the voting stock (or, if not a corporation, other voting interests)
of which is owned, directly or indirectly, by Wells Fargo & Company. The
Servicer may at any time perform specific duties as Servicer through
sub-contractors who are in the business of servicing automobile receivables. No
such delegation or sub-contracting shall relieve the Servicer of its
responsibility with respect to such duties.

         Section 5.6. Wells Fargo Not to Resign as Servicer. Subject to the
provisions of Section 5.3, the Servicer shall not resign from the obligations
and duties imposed on it by this Agreement as Servicer except upon determination
that the performance of its duties herein or therein, as the case may be, is no
longer permissible under applicable law. Any such determination permitting the
resignation of the Servicer shall be evidenced by an Opinion of Counsel to such
effect delivered to the Purchaser. No such resignation shall become effective
until the Purchaser or a successor servicer shall have assumed the
responsibilities and obligations of the Servicer in accordance with Section 6.3.

         Section 5.7. Existence. Subject to the provisions of Section 5.3,
during the term of this Agreement, Wells Fargo will keep in full force and
effect its existence, rights and franchises as a national banking association in
all jurisdictions in which the ownership or lease of its property or the conduct
of its business (including the servicing of Receivables as required by this
Agreement) shall require such qualifications.

         Section 5.8. Servicer May Own Securities. The Servicer, and any
Affiliate of the Servicer, may, in its individual or any other capacity, become
the owner of pledgee of any securities issued in connection with any
Securitization with the same rights as it would have if it were not the Servicer
or an Affiliate thereof, except as expressly provided in the transaction
documents related to the issuance of such securities.

         Section 5.9. Servicer May Not Sell Deficiency Balances. Notwithstanding
anything herein to the contrary, the Servicer shall not sell on behalf of the
Purchaser or any assignee of the Purchaser any deficiency balance relating to a
Defaulted Receivable.

                                       15
<PAGE>

         Section 5.10. Clean-up Call. The Servicer shall have the right at its
option (the "Optional Purchase") to purchase the Trust Estate from the Issuer on
any Payment Date if, either before or after giving effect to any payment of
principal required to be made on such Payment Date, the aggregate Pool Balance
is less than or equal to 10% of the initial Pool Balance. The purchase price for
the Trust Estate shall equal the Redemption Price (the "Optional Purchase
Price"), which amount shall be deposited by the Servicer into the Collection
Account on the Redemption Date. For purposes of this Section 5.10, capitalized
terms used in this Section 5.10 are defined in Appendix A to the Sale Agreement,
dated as of the date hereof, between Bank of America Securities Auto Trust
2005-WF1 and BAS Securitization LLC, which also contains rules as to usage that
are applicable herein.

                                   ARTICLE VI

                              SERVICING TERMINATION

         Section 6.1. Events of Servicing Termination. The Purchaser may
terminate all of the rights and obligations of the Servicer under this Agreement
if any one or more of the following events (each a "Servicer Termination Event")
occur and are continuing:

         (a) any failure by the Servicer to deliver to the Purchaser (i) any
required payment disclosed (or required to be disclosed) on a Monthly Servicer
Report, which failure continues unremedied for a period of two Business Days or
(ii) any other amount, when the same becomes due and payable, which failure
continues for five Business Days after (x) notice thereof is received by the
Servicer or (y) discovery of such failure by an officer of the Servicer;

         (b) failure on the part of the Servicer to duly observe or perform in
any material respect any other covenants or agreements of the Servicer set forth
herein, or any breach of any representation or warranty by the Servicer herein,
which failure or breach (i) materially and adversely affects the rights of the
Purchaser and (ii) continues unremedied for a period of sixty (60) days after
(x) the date on which written notice of such failure, shall have been given to
the Servicer or (y) discovery of such failure by an officer of the Servicer;

         (c) the entry of a decree or order by a court or agency or supervisory
authority having jurisdiction in the premises for the appointment of a
conservator, receiver or liquidator for the Servicer, in any insolvency,
readjustment of debt, marshalling of assets and liabilities or similar
proceedings, or for the winding up or liquidation of their respective affairs,
and the continuance of any such decree or order unstayed and in effect for a
period of sixty (60) consecutive days;

         (d) the consent by the Servicer to the appointment of a conservator or
receiver or liquidator in any insolvency, readjustment of debt, marshalling of
assets and liabilities, or similar proceedings of or relating to Wells Fargo &
Company of or relating to substantially all of their respective property; or the
Servicer or Wells Fargo & Company shall admit in writing its inability to pay
its debts generally as they become due, file a petition to take advantage of any
applicable insolvency or reorganization statute, make an assignment for the
benefit of its creditors or voluntarily suspend payment of its obligations; or

                                       16
<PAGE>

         (e) the long-term unsecured senior debt rating of the Servicer is
withdrawn or reduced below "A2" by Moody's or "A" by Standard & Poor's.

         Section 6.2. Consequence of a Servicer Termination Event. If a Servicer
Termination Event shall occur and be continuing the Purchaser, by notice then
given in writing to the Servicer, may terminate all of the rights and
obligations of the Servicer herein with respect to the Receivables. In the event
the Servicer is removed or resigns as Servicer with respect to servicing the
Receivables, the Purchaser shall appoint a successor servicer (which, for the
avoidance of doubt, may be BANA or one of its affiliates). Upon the Servicer's
receipt of notice of termination, such Servicer will continue to perform its
functions as Servicer under this Agreement only until the date specified in such
termination notice or, if no such date is specified in such termination notice,
until a successor servicer shall have been appointed. The Purchaser is hereby
authorized and empowered to execute and deliver, on behalf of the 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.

         Section 6.3. Agreement to Cooperate Upon Termination or Resignation of
the Servicer. Upon termination under Section 6.2 or resignation under Section
5.6, the Servicer will cooperate at its own expense with the Purchaser or
Purchaser's designee in effecting the termination of the responsibilities and
rights of the Servicer under this Agreement, including, as soon as practicable,
the transfer to the Purchaser or the Purchaser's designee for administration of
all cash amounts that are at the time held by the Servicer for deposit or are
thereafter received with respect to a Receivable and the delivery of the
Receivable Files and the related accounts and records maintained by the
Servicer. The Servicer shall be entitled to receive from the Purchaser and the
successor servicer any amounts that are then payable to the Servicer under this
Agreement. In no event, however, will the Servicer be obligated to license its
proprietary servicing software or other applications to any successor servicer
or any other third party. The Servicer will assist Purchaser and any successor
servicer and provide reasonable cooperation to Purchaser and such successor
servicer in curing all documentation exceptions and deficiencies with respect to
the Receivable File, including obtaining missing title certificates and
correcting data errors caused by or resulting from the servicing of the
Receivables by Servicer.

         Section 6.4. Waiver of Past Events of Servicing Termination. The
Purchaser may waive any Servicer Termination Event hereunder and its
consequences. Upon any such waiver of a past Servicer Termination Event, such
Servicer Termination Event will cease to exist, and will be deemed to have been
remedied for every purpose of this Agreement. No such waiver will extend to any
subsequent or other event or impair any right consequent thereon.

         Section 6.5. Termination. This Agreement will terminate on the earlier
of (a) the Payment Date in the month following the final payment or liquidation
of all the Receivables; and (b) the Payment Date immediately succeeding the
Termination Date.

                                       17
<PAGE>

                                  ARTICLE VII

                            MISCELLANEOUS PROVISIONS

         Section 7.1. Amendment. This Agreement may be amended from time to time
by a written amendment duly executed and delivered by the Servicer and the
Purchaser.

         Section 7.2. Counterparts. For the purpose of facilitating the
execution of this Agreement and for other purposes, this Agreement may be
executed in any number of counterparts, each of which counterparts will be
deemed to be an original, and all of which counterparts will constitute but one
and the same instrument.

         Section 7.3. GOVERNING LAW; Submission to Jurisdiction.

         (a) THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW
PROVISIONS (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW), AND THE
OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER WILL BE DETERMINED IN
ACCORDANCE WITH SUCH LAWS.

         (b) In connection with any suit, claim, action or proceeding arising
out of or relating to this Agreement and the transactions contemplated hereby,
(i) each of the parties hereto hereby submits to the nonexclusive jurisdiction
of any court of the State of New York or any U.S. federal court located in the
Borough of Manhattan in the State of New York and (ii) each of the parties
hereto agrees to, and irrevocably waives any objection based on inconvenient
forum or venue not to, appear in such state or U.S. federal court located in the
Borough of Manhattan.

         Section 7.4. Headings and Cross-References. The various headings in
this Agreement are included for convenience only and will not affect the meaning
or interpretation of any provision of this Agreement.

         Section 7.5. Notices and Wire Instructions. All communications and
notices pursuant hereto to either Party must be in writing or by fax and
addressed or delivered to it at its address as shown below or at such other
address as may be designated by it by notice to the other Party and, if mailed
or sent by fax, will be deemed given upon receipt at the address or fax number
for each Party set forth below, or at such other address or fax number provided
by a party in writing to the other party hereto from time to time:

       To Servicer:               Wells Fargo Bank, N.A.
                                  3033 Elder Street
                                  MAC UI851-034
                                  Boise, ID 83705
                                  Attention: Barbara Nau

       To Purchaser:              Bank of America, National Association
                                  Principal Finance Group
                                  9 West 57th Street
                                  New York, New York  10019

                                       18
<PAGE>

       With a copy to:            Bank of America, National Association
                                  40 West 57th Street
                                  New York, New York 10019
                                  Mail Stop 01-40-27-01
                                  Attn:  Legal Department- PFG Counsel

       Wells Fargo wire instructions:

                                  Bank:  Wells Fargo Bank, N.A.
                                  ABA:  121000248
                                  Acct. Number:  0532650720
                                  Acct. Name:  Pool 11
                                  Attention:  Kathy Wilcox

         Section 7.6. Severability of Provisions. If any one or more of the
covenants, agreements, provisions, or terms of this Agreement will be for any
reason whatsoever held invalid, then such covenants, agreements, provisions, or
terms will be deemed severable from the remaining covenants, agreements,
provisions, or terms of this Agreement and will in no way affect the validity or
enforceability of the other provisions of this Agreement.

         Section 7.7. Assignment.

         (a) Notwithstanding anything to the contrary contained herein, except
as provided in Sections 5.3, 5.5 and 5.6 and related provisions, this Agreement
may not be assigned by the Servicer without the prior written consent of the
Purchaser.

         (b) The Servicer hereby acknowledges and consents to any sale,
transfer, mortgage, pledge, assignment or grant of a security interest by the
Purchaser of all or a portion of its right, title and interest in, to and under
the Receivables or any or all of the Purchaser's rights and obligations
hereunder to any other Person pursuant to an Assignment, Assumption and
Recognition Agreement or otherwise. At the request of Purchaser, the Servicer
shall acknowledge in writing any such sale, transfer, mortgage, pledge,
assignment or grant.

         Section 7.8. Further Assurances. The Servicer agrees to do and perform,
from time to time, any and all acts and to execute any and all further
instruments required or reasonably requested by the Purchaser more fully to
effect the purposes of this Agreement, including the execution of any financing
statements or continuation statements relating to the Receivables for filing
under the provisions of the UCC of any applicable jurisdiction.

         Section 7.9. No Waiver; Cumulative Remedies. No failure to exercise and
no delay in exercising, on the part of the Purchaser any right, remedy, power or
privilege hereunder, will operate as a waiver thereof; nor will any single or
partial exercise of any right, remedy, power or privilege hereunder preclude any
other or further exercise thereof or the exercise of any other right, remedy,
power or privilege. The rights, remedies, powers and privileges therein provided
are cumulative and not exhaustive of any rights, remedies, powers and privileges
provided by law.

                                       19
<PAGE>

         Section 7.10. Third-Party Beneficiaries. Each of the Servicer
Indemnified Parties and each Purchaser Pledgee is an intended beneficiary of
this Agreement and each of them shall have the right to enforce all provisions
of this Agreement as if they were a party hereto. Except as otherwise
specifically provided herein, the parties hereto hereby manifest their intent
that no other third party shall be deemed a third party beneficiary of this
Agreement.

         Section 7.11. WAIVER OF TRIAL BY JURY. THE SERVICER AND PURCHASER EACH
HEREBY WAIVES (TO EXTENT THAT IT MAY LAWFULLY DO SO) ANY RIGHT TO HAVE A JURY
PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT, OR
OTHERWISE ARISING OUT OF, CONNECTED WITH, RELATED TO, OR IN CONNECTION WITH THIS
AGREEMENT. INSTEAD, ANY DISPUTE RESOLVED IN COURT WILL BE RESOLVED IN A BENCH
TRIAL WITHOUT A JURY.

         Section 7.12. Special Covenants of the Purchaser and the Servicer.

         (a) Non-Solicitation Covenants.

               (i) Non-Solicitation Covenant. The Purchaser agrees (and the
         Purchaser Pledgee, by accepting the grant of a security interest in
         the Receivables and other Purchased Property, is deemed to agree) that
         it will not, without the prior written consent of Wells Fargo, use the
         names, addresses or social security numbers of the Obligors for
         informational purposes, cross-selling purposes, solicitation purposes
         or any other similar purpose unless such Person obtained such
         information regarding the Obligors from some source other than the
         Seller or Servicer.

               (ii) Automobile Non-Solicitation Covenant. The Purchaser agrees
         (and the Purchaser Pledgee, by accepting the grant of a security
         interest in the Receivables and other Purchased Property, is deemed to
         agree) that it will not, without the prior written consent of Wells
         Fargo, use the names, addresses or social security numbers of the
         Obligors for informational purposes, cross-selling purposes,
         solicitation purposes or any other similar purpose, in each case
         relating to the purchase, sale or financing of new or used automobiles
         or light trucks unless such Person obtained such information regarding
         the Obligors from some source other than the Seller or Servicer.

         (b) Confidentiality/Customer Information; Privacy. The Servicer shall
keep confidential and shall not divulge to any party, without BANA's prior
written consent, the price paid by BANA for the Purchased Property, except to
the extent that it is reasonable and necessary for the Servicer to do so in
working with legal counsel, auditors, taxing authorities or other governmental
agencies. Each party agrees that it shall comply with all applicable laws and
regulations regarding the privacy or security of Customer Information and shall
maintain appropriate administrative, technical and physical safeguards to
protect the security, confidentiality and integrity of Customer Information,
including maintaining security measures designed to meet the objectives of the
Interagency Guidelines Establishing Standards for Safeguarding Customer
Information, 66 Fed. Reg. 8616 (the "Interagency Guidelines"). The Servicer
shall promptly make available to the Purchaser's regulators information
regarding such security measures as requested by such regulators. For purposes
of this Section, the term

                                       20
<PAGE>

"Customer Information" shall have the meaning assigned to it in the Interagency
Guidelines. Each party further agrees that any Customer Information transmitted
electronically by either party must be encrypted.

         (c) Survival. The non-solicitation and non-disclosure covenants and
agreements of the Purchaser as set forth in Sections 7.12(a) and (b) will
survive the execution of this Agreement; provided, however, if a Servicer
Termination Event occurs but has not been waived by the Purchaser, when the
Servicer transfers servicing to the Purchaser or any successor servicer all
restrictions contained in Section 7.12(a)(i) will terminate. Wells Fargo and the
Purchaser agree that any and all subsequent purchasers, holders or assignees of
the Receivables (including any servicer, custodian or other agent or contractor
engaged by the Purchaser or any such other Person with respect to the
Receivables) will also be subject to the covenants contained in Sections 7.12(a)
and (b), except covenants contained in Section 7.12(a)(i) if the Servicer
transfers the servicing to the Purchaser or any successor servicer as set forth
in the preceding sentence. It is understood that the breach of the obligations
as provided in Sections 7.12(a) and (b) would result in irreparable harm to the
Servicer and Affiliates thereof, for which money damages shall not be sufficient
and that each of the Servicer and Affiliates thereof, shall be entitled to
equitable relief, including injunction and specific performance.

                                  ARTICLE VIII

              SECURITIZATIONS AND OTHER DISPOSITIONS OF RECEIVABLES

         Section 8.1. Securitizations and Other Dispositions of Receivables.

         (a) The Servicer acknowledges that the Purchaser may, in the future,
from time to time sell or enter into financing or other arrangements with
respect to some or all of the Receivables in the form of one or more
Securitizations or other transactions (subject to the Reconstitution
Conditions), and the Servicer agrees to take such actions to assist the
Purchaser in connection therewith as the Purchaser may reasonably request,
including:

         (i) making representations and warranties on the closing date of any
such transaction (and providing an Officer's Certificate of the Servicer to that
effect) that the Servicer has complied with all covenants and obligations
hereunder and that the representations and warranties with respect to the
Servicer as of the Closing Date are true and correct as of the closing date of
any such transaction,

         (ii) cooperating fully with the Purchaser with respect to the
preparation (including, but not limited to, the endorsement, delivery,
assignment and execution) of the Securitization Documents and other related
documents, and with respect to servicing requirements (including amendments to
this Agreement) requested by the rating agencies and credit enhancers and that
are consistent with rating agency or credit enhancer requirements (as
applicable) for securitization transactions in which "AAA" rated asset-backed
securities are issued,

         (iii) providing the Purchaser with narrative statements and statistical
or other information reasonably requested by the Purchaser which may be used in
any Securitization Document, including historical loss and delinquency data and
static pool data, and indemnifying the

                                       21
<PAGE>

Purchaser and its affiliates for material misstatements or omissions contained
in such information or in this Agreement,

         (iv) providing (at the Purchaser's expense) an agreed upon procedures
letter by an independent accounting firm acceptable to the Purchaser and such
other verifications reasonably requested by the Purchaser of information
provided by the Servicer,

         (v) providing reasonable access to facilities, employees and
information for rating agencies, credit enhancers, prospective whole loan
purchasers, accountants or attorneys to those representatives of the Servicer
with responsibility, knowledge or experience with respect to the Receivables for
the purpose of answering questions in relation thereto,

         (vi) delivering (at the Servicer's expense, except to the extent set
forth in this subclause (vi) clause (c) below) opinions of counsel dated as of
the closing date of any such transaction requested by a rating agency or credit
enhancer or reasonably requested by the Purchaser, including an opinion that
this Agreement is enforceable against the Servicer under New York law, an
opinion that the Purchaser has a first priority perfected security interest in
the Receivables (which opinion shall be at the expense of the Purchaser), an
opinion that the conveyance of the Purchased Property by the Seller pursuant to
the Purchase and Sale Agreement constitutes a "true sale" of the Purchased
Property (which opinion shall be at the expense of the Purchaser), an opinion
covering general corporate matters with respect to the Servicer and an Officer's
Certificate substantially in the Form of Exhibit D hereto providing a "negative
assurance 10b-5 statement" relating to the information provided by the Servicer
pursuant to clause (iii) above, and

         (vii) delivering certifications and otherwise cooperating with the
Purchaser and any other parties to the Securitization to satisfy the parties'
reporting obligations under the Exchange Act and applicable law including the
Sarbanes-Oxley Act and the rules and regulations promulgated thereunder and to
satisfy informational requests from regulators, rating agencies and credit
enhancers.

         In connection with the closing of any such transaction, the Servicer
will represent and warrant, and deliver to the Purchaser an Officer's
Certificate to the effect, that any such information delivered to the Purchaser,
and the disclosure relating thereto, is true and correct and does not omit to
state any fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made, not
misleading. Without limiting the generality of the foregoing, any request by the
Purchaser for any information about the Servicer required by Regulation AB of
the Commission shall be deemed to be reasonable.

         (b) Following any Securitization or other transaction described in this
Section, the Servicer shall continue to be responsible for its obligations under
this Agreement.

         (c) Except as specifically set forth above, the Servicer shall be
responsible for all of its own out-of-pocket fees and expenses arising in
connection with this compliance under this Section 8.1 for the first such
transaction. In the event that the Purchaser transfers, assigns or otherwise
conveys the Purchased Property in connection with more than one transaction,
then the Purchaser shall pay (or cause to be paid) the Servicer's reasonable
out-of-pocket fees and

                                       22
<PAGE>

expenses arising in connection with its compliance with this Section 8.1 for
each transaction after the first transaction.

         (d) This Section shall survive any termination of this Agreement.

         Section 8.2. Designees to Act on Behalf of Purchaser. Purchaser and its
successors and transferees may appoint designees to act on their respective
behalf (including any Purchaser Pledgee) and such designees shall have the power
and right to administer and enforce this Agreement (to the extent of the
Purchaser's rights under this Agreement) on behalf of Purchaser (it being
understood that the Purchaser is subject to the Reconstitution Conditions and
that any appointment of designees shall be by the initial Purchaser or in
connection with a Reconstitution). To the extent Purchaser has any rights under
this Agreement, any such designee may exercise such rights on behalf of
Purchaser.

         Section 8.3. Nonpetition. The Servicer agrees that, prior to the date
which is one year and one day after payment in full of all obligations of the
Purchaser and all obligations of all special purpose entities created in
connection with Securitizations in respect of all securities (including all
commercial paper) issued by them, respectively, (i) the Servicer shall not
authorize any such Securitization entity to commence a voluntary winding-up or
other voluntary case or other proceeding seeking liquidation, reorganization or
other relief with respect to the such Securitization entity, or to make a
general assignment for the benefit of its creditors, and (ii) the Servicer shall
not commence or join with any other Person in commencing any proceeding against
any such Securitization entity under any bankruptcy, reorganization, liquidation
or insolvency law or statute now or hereafter in effect in any jurisdiction;
provided, that, notwithstanding the foregoing, a Securitization entity shall not
be prohibited from filing a voluntary bankruptcy petition to the extent such
Securitization entity obtains the necessary vote for filing a voluntary
bankruptcy petition as required by the organizational documents of such
Securitization entity.

                                       23
<PAGE>
         The Parties have caused this Servicing Agreement to be executed by
their respective duly authorized officers as of the date and year first above
written.

                                             WELLS FARGO BANK, N.A.,
                                             as Servicer and Custodian

                                             By: /s/ LOUIS M. COSSO
                                             Name: Louis M. Cosso
                                             Title: Executive Vice President

                                             BANK OF AMERICA, NATIONAL
                                             ASSOCIATION, as Purchaser

                                             By: /s/ DANIEL B. GOODWIN
                                             Name: Daniel B. Goodwin
                                             Title: Managing Director

                                        Amended and Restated Servicing Agreement

                                      S-1
<PAGE>
                                    EXHIBIT A

                             SCHEDULE OF RECEIVABLES

                                      A-1
<PAGE>
                                    EXHIBIT B

                        FORM OF MONTHLY SERVICING REPORT

<TABLE>
<S>                                                                                          <C>
WELLS FARGO AUTO FINANCE GROUP
WELLS FARGO WHOLELOAN SALE
MONTHLY SERVICING REPORT
----------------------------------------------------------------------------------------------------------------

----------------------------------------------------------------------------------------------------------------
Collection Period
Distribution Date
Transaction Month
----------------------------------------------------------------------------------------------------------------

I.  ORIGINAL PORTFOLIO INFORMATION

Original Portfolio
Number of Contracts
Weighted Average Coupon
Weighted Average Maturity

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

II.  COLLECTIONS

INTEREST:
Interest Collections (including Adminstrative
Purchase and Warranty Interest Payments)
                                                                                             -------------------
          Total

PRINCIPAL:
Principal Collections (including Administrative
Purchase and Warranty Principal Payments)
Liquidation Proceeds from Receivables that became Liquidating
Receivables during Collection Period
                                                                                             -------------------
          Total

Liquidation Proceeds (Recoveries) from Receivables that became
Liquidating Receivables during Prior Period
                                                                                             -------------------
          Total Collections

Principal Adjustment
Principal Losses for Collection Period
                                                                                             -------------------
Total Regular Principal Reduction

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

III.  SERVICING FEE

Servicing Fee Due
Servicing Fee Paid
                                                                                             -------------------
Servicing Fee Shortfall

----------------------------------------------------------------------------------------------------------------
</TABLE>

                                      B-1

<PAGE>

<TABLE>
<S>                                                                                          <C>
----------------------------------------------------------------------------------------------------------------
IV.  DISTRIBUTIONS

Available Collections
Available Collections Interest
Servicing Fee Paid
Daily Collections Remitted
                                                                                             -------------------
Net Distribution Owned to (Servicer) Purchaser
Misc. Adjustment
                                                                                             -------------------
Total Owed to Purchaser
----------------------------------------------------------------------------------------------------------------

V.  PORTFOLIO INFORMATION
                                                                        BEGINNING OF          END OF PERIOD
                                                                           PERIOD
Portfolio Receivable Balance
Weighted Average Coupon (WAC)
Weighted Average Maturity (WAM)
Remaining Number of Receivables
Accrued Interest

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

VI.  NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY

LOSSES:
Total Losses for Collection Period
Liquidation Proceeds from Receivables that become Liquidating
Receivables during Collection Period
Liquidation Contracts (#)
Liquidation Proceeds (Recoveries) from Receivables that become
Liquidating Receivables during Prior Period

Net Losses for Collection Period
Cumulative Net Losses for all Periods

DELINQUENT RECEIVABLES                                                  # OF CONTRACTS             AMOUNT
31-60 Days Delinquent
61-90 Days Delinquent
Over 90 Days Delinquent

                                                                      -------------------    -------------------
          Total

----------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>
                                    EXHIBIT C

                       FORM OF SARBANES-OXLEY CERTIFICATE

I, __________________________, certify to ____________________________, and its
officers, directors, agents and affiliates (collectively, the "[ ]") , and with
the knowledge and intent that they will rely upon this certification, that:

(i) Based on my knowledge, the information relating to the Receivables and the
servicing thereof submitted by the Servicer to the [ ] which is used in
connection with preparation of the reports on Form 8-K and the annual report on
Form 10-K filed with the SEC with respect to the transaction, 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 light of the
circumstances under which such statements were made, not misleading as of the
date of this certification;

(ii) The servicing information required to be provided to the [ ] by the
Servicer under this Servicing Agreement has been provided to the [ ];

(iii) I am responsible for reviewing the activities performed by the Servicer
under the Servicing Agreement and based upon the review required by this
Servicing Agreement, and except as disclosed in the Annual Statement of
Compliance, the Accountant's Report and all servicing reports, officer's
certificates and other information relating to the servicing of the Receivables
submitted to the [ ], the Servicer has, as of the date of this certification
fulfilled its obligations under this Servicing Agreement; and

(iv) I have disclosed to the [ ] all significant deficiencies relating to the
Servicer's compliance with the minimum servicing standards in accordance with a
review conducted in compliance with the Uniform Single Attestation Program for
Mortgage Bankers or similar standard as set forth in the Servicing Agreement.

(v) The Servicer shall indemnify and hold harmless the [ ] and its officers,
directors, agents and affiliates from and against any losses, damages,
penalties, fines, forfeitures, reasonable legal fees and related costs,
judgments and other costs and expenses arising out of or based upon a breach by
the Servicer or any of its officers, directors, agents or affiliates of its
obligations under this Certification or the negligence, bad faith or willful
misconduct of the Servicer in connection therewith. If the indemnification
provided for herein is unavailable or insufficient to hold harmless the [ ],
then the Servicer agrees that it shall contribute to the amount paid or payable
by the [ ] as a result of the losses, claims, damages or liabilities of the [ ]
in such proportion as is appropriate to reflect the relative fault of the [ ] on
the one hand and the Servicer on the other in connection with a breach of the
Servicer's obligations under this Certification or the Servicer's negligence,
bad faith or willful misconduct in connection therewith.

                                      C-1
<PAGE>

IN WITNESS WHEREOF, I have hereunto signed by name and affixed the seal of the
Seller.

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

                                      C-2
<PAGE>
                                    EXHIBIT D

                       FORM OF 10B-5 OFFICER'S CERTIFICATE

         I, [_______________], the [___________] of Wells Fargo Bank, N.A., a
national banking association (the "Company"), do hereby certify on behalf of the
Company that:

         1. The statements and information contained in the Prospectus
Supplement dated [_____], 2005 ("Prospectus Supplement") under the headings
"[____________]", "[______________]" and "[________________]", were, on the date
of the Prospectus Supplement, and are on the date hereof, true, correct and
complete in all material respects and do not contain any untrue statement of a
material fact or omit to state a material fact required to be stated therein or
necessary in order to make the statements therein, in light of the circumstances
under which they were made, not misleading.

         2. No event has occurred since the date of the Prospectus Supplement
affecting the Company which is required to be disclosed in the Prospectus
Supplement in order to make the statements therein with respect to the matters
covered in paragraph 1 above, in light of the circumstances under which they
were made, not misleading in any material respect.

         IN WITNESS WHEREOF, I have hereunto signed my name as of this ____ day
of [____], 2005.

                                             WELLS FARGO BANK, N.A.

                                             By:
                                                    ---------------------------
                                             Name:
                                                    ---------------------------
                                             Title: [___________]

                                       D-1
<PAGE>
                                  ATTACHMENT A

                          MONTHLY FILE TAPE DATA LAYOUT

       MASTER DATA FIELD DESCRIPTION            FIELD NAME

    1  Snapshot Date of File
    2  AFG Account Number                       ILMAST-KEY
    3  Securitization Pool Number               M-SEC-POOL-NUM
    4  Recovery Status Code                     CHG-OFF-CD
    5  Closed-To-Posting Code                   M-CLOSED-TO-POSTING
    6  Close Code                               CLOS
    7  Maturity Date, Original                  M-ORG-MAT-DTE
    8  Maturity Date, Current                   MAT-DTE
    9  Note Date                                NOTE-DTE
   10  Note Amount, Original                    ORG
   11  Term, Current                            TERM
   12  APR                                      M-APR
   13  Rate                                     RATE
   14  Loan Balance, Current                    P-INVEST-CURR-AMT
   15  Interest Owing Amount, Current           INT-PAYP
   16  Principal Due Date                       DUE-DTE-P
   17  Model                                    M-MODEL
   18  Model Year                               M-MODEL-YR
   19  Manufacturer                             M-MANUFACTURER
   20  Last Payment Date                        DTE-LAST-PMT
   21  Interest Paid Amount, Year-to-date       M-YTD-INT-PD
   22  Payments Made, Number Of                 NO-PMTS-MD
   23  Payoff Date                              M-Date-Paid-Off
   24  Principal Payment Amount                 PAYMENT
   25  CRA State Code                           M-CRA-STATE-CD
       Current Times Delinquent, First
   26  Category                                 M-CTD-10-29
       Current Times Delinquent, Second
   27  Category                                 M-CTD-30-59
       Current Times Delinquent, Third
   28  Category                                 M-CTD-60-89
       Current Times Delinquent, Fourth
   29  Category                                 M-CTD-90
   30  New-Used Code                            M-NEW-USED-CODE
   31  Credit Score Code, Current FICO
   32  Principal Past Due Date                  PAST-DTE
   33  Past Due Amount                          M-AMT-PAST-DUE
   34  Term, Original                           ORG-Term
   35  Interest Accrual Start Date              Dte-Int-Begin
   36  Total Interest Accrued                   Int-Accum
   37  Total Interest Paid                      Int-Pd
   38  Interest Paid Through Date               M-Pd-To-Date
   39  Zip Code                                 NA-Zip
   40  Number of Contract Extensions            NO-EXTNS
   41  Charge-Off Amount                        M-Chg-Off-Amt
   42  BK & Repo Status                         M-CFA-KEY2

<PAGE>

   43  Repossession Date                        M-REPO-DTE

       TRANSACTION DATA FIELD DESCRIPTION       FIELD NAME

    1  AFG Account Number                       HISTOT - KEY
    2  Payment Processing Date                  HISTOT - PROC-DTE
    3  Processing Date - month (mm)             HISTOT - PROC-DTE-MM
    4  Processing Date - day (dd)               HISTOT - PROC-DTE-DD
    5  Processing Date - century (cc)           HISTOT - PROC-DTE-CC
    6  Processing Date - year (yy)              HISTOT - PROC-DTE-YY
    7  Payment Effective Date                   HISTOT - EFF-DTE
    8  Effective Date - month (mm)              HISTOT - EFF-DTE-MM
    9  Effective Date - day (dd)                HISTOT - EFF-DTE-DD
   10  Effective Date - century (cc)            HISTOT - EFF-DTE-CC
   11  Effective Date - year (yy)               HISTOT - EFF-DTE-YY
   12  Transaction Code                         HISTOT - TR
   13  Old balance (before payment)             HISTOT - OLD-BAL
   14  Interest applied from payment            HISTOT - INT
   15  Principal applied from payment           HISTOT - PRIN
   16  Miscellaneous application of payment     HISTOT - MISC
   17  Insurance code                           HISTOT - INS-CO
   18  Comment                                  HISTOT - DESC
   19  Total amount of transaction              HISTOT - TOTAL-AMT
   20  Interest adjustment amount               HISTOT - INT-ADJ

       RECOVERY DATA FIELD DESCRIPTION          FIELD NAME

    1  AFG Account Number                       RMSACCTNUM
    2  Transaction Date                         TRAN_DATE
    3  Transaction Amount                       JRNLTRAMT
    4  Transaction Code                         RMSTRANCDE
    5  Transaction Description                  JRNLTDESC

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