Document:

EXHIBIT 10.96

                   AMENDMENT NUMBER 3 TO PURCHASE AGREEMENT

      AMENDMENT NUMBER 3 TO PURCHASE AGREEMENT (this "Amendment") dated as of
November 29, 2000, between First Investors Financial Services, Inc., a Texas
corporation ("Seller"), and First Investors Auto Receivables Corporation, a
Delaware corporation ("FIARC"), amending that certain Purchase Agreement between
the Seller and FIARC dated as of October 22, 1996, as heretofore amended by that
certain Amendment Number 1 to Purchase Agreement dated as of August 25, 1997 and
that certain Amendment Number 2 to Purchase Agreement dated as of March 31, 1999
(the "Purchase Agreement").

      WHEREAS, the parties have agreed to amend the Purchase Agreement in the
respects set forth herein.

      NOW THEREFORE, the parties hereby agree as follows:

      SECTION 1. DEFINED TERMS. As used in this Amendment, capitalized terms not
otherwise defined herein shall have the meanings assigned to them in the
Purchase Agreement.

      SECTION 2. DELETION OF DEFINED TERMS. The defined terms "ALAC" and
"Norwest" in Article I of the Purchase Agreement are hereby deleted.

      SECTION 3. ADDITIONAL DEFINED TERMS. The following terms are hereby added
to Article I of the Purchase Agreement in the appropriate alphabetical order:

            "FISC" shall mean First Investors Servicing Corporation, a Delaware
            corporation and successor in name to Auto Lenders Acceptance
            Corporation.

            "Wells Fargo" shall mean Wells Fargo Bank Minnesota, National
            Association, a national banking association and successor by merger
            to Norwest Bank Minnesota, National Association.

      SECTION 4. REFERENCES. All references in the Purchase Agreement to "ALAC"
are hereby amended to refer to FISC, and all references to "Norwest" are hereby
amended to refer to Wells Fargo.

      SECTION 5. AMENDMENT TO DEFINED TERMS.

      (a)   The  definition of "Security  Agreement" is hereby amended to read
            as follows:

AMENDMENT NUMBER 3 TO PURCHASE
AGREEMENT
<PAGE>
                  "Security Agreement" shall mean that certain Security
            Agreement dated as of October 22, 1996 among FIARC, the Company, the
            Collateral Agent, the Reserve Account Agent, the Seller and MBIA, as
            amended prior to the date hereof and as further amended by Amendment
            Number 3 to Security Agreement dated as of November 29, 2000.

      (b)   The definition of "Servicer" is hereby amended to read as follows:

                  "Servicer" shall mean FISC.

      (c)   The definition of "Servicing  Agreement" is hereby amended to read
            as follows:

                  "Servicing Agreement" shall mean the Servicing Agreement dated
            as of March 31, 1999, among FIARC, as Debtor, Wells Fargo, as
            Back-up Servicer and Collateral Agent, and FISC, as Servicer, as
            amended by that certain Amendment Number 1 to Servicing Agreement
            dated as of November 29, 2000, and as such agreement may be amended,
            modified and supplemented from time to time (but only with the
            consent of MBIA).

      SECTION 6. AMENDMENT TO SECTION 5.1. Section 5.1(f) is hereby amended to
read as follows:

                  "Upon the written request of the Collateral Agent, upon
            written request from the Secured Parties, the Seller shall cause the
            following notation to be stamped on the face of a retail installment
            sales contract or installment loan contract evidencing such
            Receivable: "FIRST INVESTORS FINANCIAL SERVICES, INC. HAS SOLD AND
            ASSIGNED ALL RIGHT, TITLE AND INTEREST IN THIS CONTRACT TO FIRST
            INVESTORS AUTO RECEIVABLES CORPORATION, WHICH HAS GRANTED A SECURITY
            INTEREST IN THIS CONTRACT TO WELLS FARGO BANK MINNESOTA, NATIONAL
            ASSOCIATION AS COLLATERAL AGENT FOR CERTAIN SECURED PARTIES."

      SECTION 7. LIMITED SCOPE. This Amendment is specific to the circumstances
described above and does not imply any future amendment or waiver of rights
allocated to the Seller or FIARC under the Purchase Agreement.

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AMENDMENT NUMBER 3 TO PURCHASE
AGREEMENT
<PAGE>
      SECTION 8. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS.

      SECTION 9. SEVERABILITY; COUNTERPARTS. This Amendment may be executed in
any number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original
and all of which when taken together shall constitute one and the same
instrument. Any provisions of this Amendment which are prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction.

      SECTION 10. RATIFICATION. Except as expressly affected by the provisions
hereof, the Purchase Agreement as amended shall remain in full force and effect
in accordance with its terms and is hereby ratified and confirmed by the parties
hereto. On and after the date hereof, each reference in the Purchase Agreement
to "this Agreement", "hereunder", "herein" or words of like import shall mean
and be a reference to the Purchase Agreement as amended by this Amendment.

      IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Amendment No. 3 as of the date first written above.

                                    FIRST INVESTORS FINANCIAL SERVICES, INC.

                                    By:   ________________________________
                                          Bennie H. Duck, Vice President

                                    FIRST INVESTORS AUTO RECEIVABLES
                                    CORPORATION

                                    By:   ________________________________
                                          Bennie H. Duck, Vice President

                                       3
AMENDMENT NUMBER 3 TO PURCHASE
AGREEMENT
<PAGE>
                       CONSENT OF SURETY BOND PROVIDER:

      MBIA Insurance Corporation, in its capacity as Surety Bond Provider under
      that certain Security Agreement dated as of October 22, 1996, as amended,
      hereby consents to the foregoing Amendment Number 3 to Purchase Agreement.

                                    MBIA Insurance Corporation

                                    By:___________________________________
                                    Printed Name:_________________________
                                    Title:________________________________

                                       4
AMENDMENT NUMBER 3 TO PURCHASE
AGREEMENTEXHIBIT 10.97

                   AMENDMENT NUMBER 1 TO SERVICING AGREEMENT

      AMENDMENT NUMBER 1 TO SERVICING AGREEMENT (this "Amendment") dated as of
November 29, 2000, among First Investors Auto Receivables Corporation, a
Delaware corporation, as debtor (the "Debtor"), Wells Fargo Bank Minnesota,
National Association, a national banking association, as back-up servicer (the
"Back-up Servicer") and as collateral agent (the "Collateral Agent"), and First
Investors Servicing Corporation (successor in name to Auto Lenders Acceptance
Corporation), a Delaware corporation, as servicer (the "Servicer"), amending
that certain Servicing Agreement among the Debtor, the Back-up Servicer, the
Collateral Agent and the Servicer dated as of March 31, 1999 (the "Servicing
Agreement").

      WHEREAS, the parties have agreed to amend the Servicing Agreement in the
respects set forth herein.

      NOW THEREFORE, the parties hereby agree as follows:

      SECTION 1. DEFINED TERMS. As used in this Amendment, capitalized terms not
otherwise defined herein shall have the meanings assigned to them in the
Servicing Agreement.

      SECTION 2. REFERENCES. All references in the Servicing Agreement to "Auto
Lenders Acceptance Corporation" are hereby amended to refer to First Investors
Servicing Corporation, and all references to "Norwest Bank Minnesota, National
Association" are hereby amended to refer to Wells Fargo Bank Minnesota, National
Association.

      SECTION 3. AMENDMENT TO SECTION 2.02. (a) Subsection (c) of Section 2.02
of the Servicing Agreement is hereby amended by deleting "and" before (vi) and
adding the following at the end of the second to last sentence of such
subsection:

      "(vii) the number of extensions and aggregate outstanding Principal
      Balance of extended Receivables at the time of such extensions; (viii) the
      number of Financed Vehicles in repossession inventory and the related
      aggregate outstanding principal balance thereof at the end of each
      calendar month; and (ix) the number and related aggregate outstanding
      principal balance of Financed Vehicles liquidated during the related
      calendar month.

      (b) Subsection (f) of Section 2.02 of the Servicing Agreement is hereby
      amended to change the second word thereof from "ten" to "fifteen".

AMENDMENT NUMBER 1 TO SERVICING
AGREEMENT
<PAGE>
      SECTION 4. AMENDMENT TO SECTION 2.13. The first paragraph of Subsection
(b) of Section 2.13 of the Servicing Agreement is hereby amended to read as
follows:

                  (b)(i) the original certificate of title, or (ii) if
            application has been made for the issuance of the original
            certificate of title and such original certificate of title has not
            yet been issued at the time of the delivery of the original
            counterpart of the retail installment contract or promissory note
            and security agreement as provided above, there shall be delivered
            copies of all correspondence with the appropriate State title
            registration agency, and all enclosures thereto, relating to the
            issuance of the original certificate of title for the related
            Financed Vehicle, and the original certificate of title shall be
            delivered to the Collateral Agent upon receipt thereof (the items in
            (a) - (b) are collectively referred to as the "Custodian Files").

      SECTION 5. LIMITED SCOPE. This Amendment is specific to the circumstances
described above and does not imply any future amendment of, or waiver of rights
under, the Servicing Agreement.

      SECTION 6. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

      SECTION 7. SEVERABILITY; COUNTERPARTS. This Amendment may be executed in
any number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original
and all of which when taken together shall constitute one and the same
instrument. Any provisions of this Amendment which are prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction.

      SECTION 8. RATIFICATION. Except as expressly affected by the provisions
hereof, the Servicing Agreement as amended shall remain in full force and effect
in accordance with its terms and is hereby ratified and confirmed by the parties
hereto. On and after the date hereof, each reference in the Servicing Agreement
to "this Agreement", "hereunder", "herein" or words of like import shall mean
and be a reference to the Servicing Agreement as amended by this Amendment.

                                       2
AMENDMENT NUMBER 1 TO SERVICING
AGREEMENT
<PAGE>
      IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Amendment Number 1 as of the date first written above.

                                   First Investors Auto Receivables Corporation,
                                   as Debtor

                                   By:   ________________________________
                                         Bennie H. Duck, Vice President

                                   Wells Fargo BankMinnesota, National
                                   Association, as Back-up Servicer

                                   By:___________________________________
                                   Printed Name:_________________________
                                   Title:________________________________

                                   Wells Fargo Bank Minnesota, National
                                   Association, as Collateral Agent

                                   By:___________________________________
                                   Printed Name:_________________________
                                   Title:________________________________

                                   First Investors Servicing Corporation,  as
                                   Servicer

                                   By:   ________________________________
                                         Bennie H. Duck, Vice President

                                       3
AMENDMENT NUMBER 1 TO SERVICING
AGREEMENT
<PAGE>
                       CONSENT OF SURETY BOND PROVIDER:

      MBIA Insurance Corporation, in its capacity as Surety Bond Provider under
      that certain Security Agreement dated as of October 22, 1996, as amended,
      hereby consents to the foregoing Amendment Number 3 to Purchase Agreement.

                                   MBIA Insurance Corporation

                                   By:___________________________________
                                   Printed Name:_________________________
                                   Title:________________________________

                                       4
AMENDMENT NUMBER 1 TO SERVICING
AGREEMENT

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