Document:

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                                                                    EXHIBIT 10.6

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                            ADMINISTRATION AGREEMENT

                                      among

                        WFS FINANCIAL 2002-2 OWNER TRUST,
                                   as Issuer,

                               WFS FINANCIAL INC,
                                as Administrator,

                          WFS RECEIVABLES CORPORATION,
                                   as Seller,

                                       and

                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                              as Indenture Trustee

                             Dated as of May 1, 2002

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                                TABLE OF CONTENTS

<TABLE>
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                                                                                          Page
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<S>     <C>                                                                               <C>
SECTION 1.  Duties of the Administrator...................................................  1

SECTION 2.  Records.......................................................................  7

SECTION 3.  Compensation..................................................................  8

SECTION 4.  Additional Information to be Furnished to the Issuer..........................  8

SECTION 5.  Independence of the Administrator.............................................  8

SECTION 6.  No Joint Venture..............................................................  8

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

SECTION 8.  Term of Agreement; Resignation and Removal of Administrator...................  8

SECTION 9.  Action upon Termination, Resignation or Removal...............................  9

SECTION 10.  Notices......................................................................  9

SECTION 11.  Amendments................................................................... 10

SECTION 12.  Successors and Assigns....................................................... 11

SECTION 13.  Governing Law................................................................ 11

SECTION 14.  Headings..................................................................... 11

SECTION 15.  Counterparts................................................................. 11

SECTION 16.  Severability................................................................. 11

SECTION 17.  Not Applicable to WFS in Other Capacities.................................... 11

SECTION 18.  Limitation of Liability of Owner Trustee and Indenture Trustee............... 12

SECTION 19.  Third-Party Beneficiary...................................................... 12

SECTION 20.  Capitalized Terms............................................................ 12

Exhibit A  [FORM OF POWER OF ATTORNEY]....................................................A-1
</TABLE>

                                       i
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        This ADMINISTRATION AGREEMENT, dated as of May 1, 2002, is among WFS
FINANCIAL 2002-2 OWNER TRUST (the "Issuer"), WFS FINANCIAL INC ("WFS" or, in its
capacity as administrator, the "Administrator"), WFS RECEIVABLES CORPORATION, as
seller (the "Seller"), and DEUTSCHE BANK TRUST COMPANY AMERICAS (formerly known
as Bankers Trust Company), not in its individual capacity but solely as
Indenture Trustee (the "Indenture Trustee").

                              W I T N E S S E T H :

        WHEREAS, the Issuer is issuing 1.938% Auto Receivable Backed Notes,
Class A-1, 2.82% Auto Receivable Backed Notes, Class A-2, 3.81% Auto Receivable
Backed Notes, Class A-3 and 4.50% Auto Receivable Backed Notes, Class A-4
(collectively, the "Notes"), pursuant to the indenture, dated as of the date
hereof (the "Indenture"), between the Issuer and the Indenture Trustee;

        WHEREAS, the Issuer has entered into certain agreements in connection
with the issuance of the Notes and of certain beneficial ownership interests of
the Issuer, including (i) the Indenture, (ii) a sale and servicing agreement,
dated as of the date hereof (the "Sale and Servicing Agreement"), among the
Issuer, the Seller and WFS, as master servicer (in such capacity, the "Master
Servicer") and (iii) a Letter of Representations, dated May 29, 2002 (the
"Depository Agreement" and, together with the Basic Documents, the "Related
Agreements"), among the Issuer, the Indenture Trustee and The Depository Trust
Company ("DTC") relating to the Notes;

        WHEREAS, pursuant to the Related Agreements, the Issuer and the Owner
Trustee are required to perform certain duties in connection with (i) the Notes
and the collateral therefor pledged pursuant to the Indenture and (ii) the
beneficial ownership interests in the Issuer;

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

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

        NOW, THEREFORE, in consideration of the mutual covenants contained
herein, and other good and valuable consideration, the receipt and adequacy of
which are hereby acknowledged, the parties hereto agree as follows:

        SECTION 1. Duties of the Administrator.

        (a) Duties with Respect to the Depository Agreement and the Indenture.

               (i) The Administrator agrees to perform all its duties as
        Administrator and the duties of the Issuer and the Owner Trustee under
        the Depository Agreement. In addition, the Administrator shall consult
        with the Owner Trustee regarding the duties of the Issuer

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        or the Owner Trustee under the Indenture and the Depository Agreement.
        The Administrator shall monitor the performance of the Issuer and shall
        advise the Owner Trustee when action is necessary to comply with the
        respective duties of the Issuer and the Owner Trustee under the
        Indenture and the Depository Agreement. The Administrator shall prepare
        for execution by the Issuer, or shall cause the preparation by other
        appropriate persons, of all such documents, reports, filings,
        instruments, certificates and opinions that it shall be the duty of the
        Issuer or the Owner Trustee to prepare, file or deliver pursuant to the
        Indenture and the Depository Agreement. In furtherance of the foregoing,
        the Administrator shall take (or, in the case of the immediately
        preceding sentence, cause to be taken) all appropriate action that the
        Issuer or the Owner Trustee is required to take pursuant to the
        Indenture including, without limitation, such of the foregoing as are
        required with respect to the following matters under the Indenture
        (references are to Sections of the Indenture):

                      (A) the duty to cause the Note Register to be kept and to
               give the Indenture Trustee notice of any appointment of a new
               Note Registrar and the location, or change in location, of the
               Note Register (Section 2.04);

                      (B) the notification of Noteholders and the Rating
               Agencies of the final principal payment on the Notes (Section
               2.07(b));

                      (C) the fixing or causing to be fixed of any special
               record date and the notification of the Indenture Trustee and
               Noteholders with respect to special payment dates, if any
               (Section 2.07(c));

                      (D) the preparation of or obtaining of the documents and
               instruments required for execution and authentication of the
               Notes and delivery of the same to the Indenture Trustee (Section
               2.02);

                      (E) the preparation, obtaining or filing of the
               instruments, opinions and certificates and other documents
               required for the release of Collateral (Section 2.12);

                      (F) the maintenance of an office in the Borough of
               Manhattan, The City of New York, for registration of transfer or
               exchange of Notes (Section 3.02);

                      (G) the duty to cause newly appointed Paying Agents, if
               any, to deliver to the Indenture Trustee the instrument specified
               in the Indenture regarding funds held in trust (Section 3.03);

                      (H) the direction to the Indenture Trustee to deposit
               monies with Paying Agents, if any, other than the Indenture
               Trustee (Section 3.03);

                      (I) the obtaining and preservation of the Issuer's
               qualification to do business in each jurisdiction in which such
               qualification is or shall be necessary to protect the validity
               and enforceability of the Indenture, the Notes, the Collateral

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               and each other instrument and agreement included in the Trust
               Estate (Section 3.04);

                      (J) the preparation of all supplements and amendments to
               the Indenture and all financing statements, continuation
               statements, instruments of further assurance and other
               instruments and the taking of such other action as is necessary
               or advisable to protect the Trust Estate (Section 3.05);

                      (K) the delivery of the Opinion of Counsel on the Closing
               Date and the annual delivery of Opinions of Counsel as to the
               Trust Estate, and the annual delivery of the Officer's
               Certificate and certain other statements as to compliance with
               the Indenture (Sections 3.06 and 3.09);

                      (L) the identification to the Indenture Trustee and the
               Insurer in an Officer's Certificate of a Person with whom the
               Issuer has contracted to perform its duties under the Indenture
               (Section 3.07(b));

                      (M) the notification of the Indenture Trustee, the Insurer
               and each Rating Agency of a Servicer Default under the Sale and
               Servicing Agreement and, if such Servicer Default arises from the
               failure of the Master Servicer to perform any of its duties or
               obligations under the Sale and Servicing Agreement with respect
               to the Contracts, the taking of all reasonable steps available to
               remedy such failure (Section 3.07(d));

                      (N) the duty to cause the Master Servicer to comply with
               Sections 4.09, 4.10, 4.11 and 5.07 and Article Nine of the Sale
               and Servicing Agreement (Section 3.14);

                      (O) the preparation and obtaining of documents and
               instruments required for the release of the Issuer from its
               obligations under the Indenture (Section 3.10(b));

                      (P) the delivery of written notice to the Indenture
               Trustee, the Insurer and each Rating Agency of each Event of
               Default under the Indenture and each default by the Master
               Servicer or the Seller under the Sale and Servicing Agreement
               (Section 3.18);

                      (Q) the monitoring of the Issuer's obligations as to the
               satisfaction and discharge of the Indenture and the preparation
               of an Officer's Certificate and the obtaining of the Opinion of
               Counsel and the Independent Certificate relating thereto (Section
               4.01);

                      (R) the compliance with any written directive of the
               Controlling Party with respect to the sale of the Trust Estate in
               a commercially reasonable manner if an Event of Default shall
               have occurred and be continuing (Section 5.04);

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                      (S) the preparation and delivery of notice to Noteholders
               of the removal of the Indenture Trustee and the appointment of a
               successor Indenture Trustee (Section 6.08);

                      (T) the preparation of any written instruments required to
               confirm more fully the authority of any co-trustee or separate
               trustee and any written instruments necessary in connection with
               the resignation or removal of the Indenture Trustee or any
               co-trustee or separate trustee (Sections 6.08 and 6.10);

                      (U) the furnishing of the Indenture Trustee with the names
               and addresses of Noteholders during any period when the Indenture
               Trustee is not the Note Registrar (Section 7.01);

                      (V) the preparation and, after execution by the Issuer,
               the filing with the Commission, any applicable state agencies and
               the Indenture Trustee of documents required to be filed on a
               periodic basis with, and summaries thereof as may be required by
               rules and regulations prescribed by, the Commission and any
               applicable state agencies and the transmission of such summaries,
               as necessary, to the Noteholders (Section 7.03);

                      (W) the opening of one or more accounts in the Issuer's
               name, the preparation and delivery of Issuer Orders, Officer's
               Certificates and Opinions of Counsel and all other actions
               necessary with respect to investment and reinvestment of funds in
               the Trust Accounts (Sections 8.02 and 8.03);

                      (X) the preparation of an Issuer Request and Officer's
               Certificate and the obtaining of an Opinion of Counsel and
               Independent Certificates, if necessary, for the release of the
               Trust Estate (Sections 8.04 and 8.05);

                      (Y) the preparation of Issuer Orders and the obtaining of
               Opinions of Counsel with respect to the execution of supplemental
               indentures and the mailing to the Noteholders of notices with
               respect to such supplemental indentures (Sections 9.01, 9.02 and
               9.03);

                      (Z) the execution, authentication and delivery of new
               Notes conforming to any supplemental indenture (Section 9.06);

                      (AA) the duty to notify Noteholders and the Rating
               Agencies of redemption of the Notes or to cause the Indenture
               Trustee to provide such notification (Section 10.02);

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

                      (CC) the preparation and delivery of Officer's
               Certificates and the obtaining of Independent Certificates, if
               necessary, for the release of property from the lien of the
               Indenture (Section 11.01(b));

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                      (DD) the notification of the Rating Agencies, upon the
               failure of the Issuer, the Owner Trustee or the Indenture Trustee
               to give such notification, of the information required pursuant
               to Section 11.04 of the Indenture (Section 11.04);

                      (EE) the preparation and delivery to Noteholders and the
               Indenture Trustee of any agreements with respect to alternate
               payment and notice provisions (Section 11.06);

                      (FF) the recording of the Indenture, if applicable
               (Section 11.15);

                      (GG) the preparation of Definitive Notes in accordance
               with the instructions of the Clearing Agency (Section 2.11); and

                      (HH) maintaining the effectiveness of the licenses
               required under the Pennsylvania Motor Vehicle Sales Finance Act
               (Section 6.14).

               (ii) The Administrator will:

                      (A) pay the Indenture Trustee from time to time reasonable
               compensation for all services rendered by the Indenture Trustee
               under the Indenture (which compensation shall not be limited by
               any provision of law in regard to the compensation of a trustee
               of an express trust);

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

                      (C) indemnify the Indenture Trustee and its agents for,
               and hold them harmless against, any loss, liability or expense
               incurred without negligence or bad faith on their part, arising
               out of or in connection with the acceptance or administration of
               the transactions contemplated by the Indenture, including the
               reasonable costs and expenses of defending themselves against any
               claim or liability in connection with the exercise or performance
               of any of their powers or duties under the Indenture; and

                      (D) indemnify the Owner Trustee and its agents for, and
               hold them harmless against, any loss, liability or expense
               incurred without negligence or bad faith on their part, arising
               out of or in connection with the acceptance or administration of
               the transactions contemplated by the Trust Agreement, including
               the reasonable costs and expenses of defending themselves against
               any claim or liability in connection with the exercise or
               performance of any of their powers or duties under the Trust
               Agreement.

        (b) Additional Duties.

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                  (i) In addition to the duties set forth in Section 1(a)(i),
        the Administrator shall perform such calculations and shall prepare or
        shall cause the preparation by other appropriate persons of, and shall
        execute on behalf of the Issuer or the Owner Trustee, all such
        documents, reports, filings, instruments, certificates and opinions that
        the Issuer or the Owner Trustee are required to prepare, file or deliver
        pursuant to the Related Agreements or Section 5.05 of the Trust
        Agreement, and at the request of the Owner Trustee shall take all
        appropriate action that the Issuer or the Owner Trustee are required to
        take pursuant to the Related Agreements. In furtherance thereof, the
        Owner Trustee shall, on behalf of itself and of the Issuer, execute and
        deliver to the Administrator and to each successor Administrator
        appointed pursuant to the terms hereof, one or more powers of attorney
        substantially in the form of Exhibit A hereto, appointing the
        Administrator the attorney-in-fact of the Owner Trustee and the Issuer
        for the purpose of executing on behalf of the Owner Trustee and the
        Issuer all such documents, reports, filings, instruments, certificates
        and opinions. Subject to Section 5, and in accordance with the
        directions of the Owner Trustee, the Administrator shall administer,
        perform or supervise the performance of such other activities in
        connection with the Collateral (including the Related Agreements) as are
        not covered by any of the foregoing provisions and as are expressly
        requested by the Owner Trustee and are reasonably within the capability
        of the Administrator.

                  (ii) Notwithstanding anything in this Agreement or the Related
        Agreements to the contrary, the Administrator shall be responsible for
        promptly notifying the Owner Trustee in the event that any withholding
        tax is imposed on the Trust's payments (or allocations of income) to an
        Owner as contemplated in Section 5.02(c) of the Trust Agreement. Any
        such notice shall specify the amount of any withholding tax required to
        be withheld by the Owner Trustee pursuant to such provision.

                  (iii) Notwithstanding anything in this Agreement or the
        Related Agreements to the contrary, the Administrator shall be
        responsible for performance of the duties of the Owner Trustee set forth
        in Section 5.05 of the Trust Agreement with respect to, among other
        things, accounting and reports to Owners; provided, however, that the
        Owner Trustee shall retain responsibility for the distribution of any
        Schedule K-1s necessary to enable each Owner to prepare its federal and
        state income tax returns.

                  (iv) The Administrator shall satisfy its obligations with
        respect to clauses (ii) and (iii) above by retaining, at the expense of
        the Trust payable by the Administrator, a firm of independent public
        accountants (the "Accountants") acceptable to the Owner Trustee, which
        shall perform the obligations of the Administrator thereunder. In
        connection with paragraph (ii) above, the Accountants will provide prior
        to December 31, 2002, a letter in form and substance satisfactory to the
        Owner Trustee as to whether any tax withholding is then required and, if
        required, the procedures to be followed with respect thereto to comply
        with the requirements of the Code. The Accountants shall be required to
        update the letter in each instance that any additional tax withholding
        is subsequently required or any previously required tax withholding
        shall no longer be required.

                  (v) The Administrator shall perform the duties of the
        Administrator specified in Section 10.02 of the Trust Agreement required
        to be performed in connection with the

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        resignation or removal of the Owner Trustee, and any other duties
        expressly required to be performed by the Administrator under the Trust
        Agreement.

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

        (c) Non-Ministerial Matters.

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

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

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

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

                      (D) the appointment of successor Note Registrars,
               successor Paying Agents and successor Indenture Trustees pursuant
               to the Indenture or the appointment of successor Administrators
               or a successor Master Servicer, or the consent to the assignment
               by the Note Registrar, Paying Agent or Indenture Trustee of its
               obligations under the Indenture; and

                      (E) the removal of the Indenture Trustee.

                  (ii) Notwithstanding anything to the contrary in this
        Agreement, the Administrator shall not be obligated to, and shall not,
        (A) make any payments to the Noteholders under the Related Agreements,
        (B) sell the Trust Estate pursuant to clause (iv) of Section 5.04 of the
        Indenture, (C) take any other action that the Issuer directs the
        Administrator not to take on its behalf or (D) take any other action
        which may be construed as having the effect of varying the investment of
        the Holders.

        SECTION 2. Records. The Administrator shall maintain appropriate books
of account and records relating to services performed hereunder, which books of
account and records shall be accessible for inspection by the Issuer and the
Company at any time during normal business hours.

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        SECTION 3. Compensation. As compensation for the performance of the
Administrator's obligations under this Agreement and as reimbursement for its
expenses related thereto, the Administrator shall be entitled to an annual
payment of compensation which shall be solely an obligation of the Company.

        SECTION 4. Additional Information to be Furnished to the Issuer. The
Administrator shall furnish to the Issuer from time to time such additional
information regarding the Collateral as the Issuer shall reasonably request.

        SECTION 5. Independence of the Administrator. For all purposes of this
Agreement, the Administrator shall be an independent contractor and shall not be
subject to the supervision of the Issuer or the Owner Trustee with respect to
the manner in which it accomplishes the performance of its obligations
hereunder. Unless expressly authorized by the Issuer, the Administrator shall
have no authority to act for or represent the Issuer or the Owner Trustee in any
way and shall not otherwise be deemed an agent of the Issuer or the Owner
Trustee.

        SECTION 6. No Joint Venture. Nothing contained in this Agreement shall
(i) constitute the Administrator and either of the Issuer or the Owner Trustee
as members of any partnership, joint venture, association, syndicate,
unincorporated business or other separate entity, (ii) be construed to impose
any liability as such on any of them or (iii) be deemed to confer on any of them
any express, implied or apparent authority to incur any obligation or liability
on behalf of the others.

        SECTION 7. Other Activities of Administrator. Nothing herein shall
prevent the Administrator or its Affiliates from engaging in other businesses
or, in its sole discretion, from acting in a similar capacity as an
administrator for any other Person or entity even though such person or entity
may engage in business activities similar to those of the Issuer, the Owner
Trustee or the Indenture Trustee.

        SECTION 8. Term of Agreement; Resignation and Removal of Administrator.
This Agreement shall continue in force until the dissolution of the Issuer, upon
which event this Agreement shall automatically terminate.

        (a) Subject to Section 8(e), the Administrator may resign its duties
hereunder by providing the Issuer with at least 60 days' prior written notice.

        (b) Subject to Section 8(e), the Issuer may remove the Administrator
without cause by providing the Administrator with at least 60 days' prior
written notice.

        (c) Subject to Section 8(e), at the sole option of the Issuer, the
Administrator may be removed immediately upon written notice of termination from
the Issuer to the Administrator if any of the following events shall occur:

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

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

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

        The Administrator agrees that if any of the events specified in clauses
(ii) or (iii) above shall occur, it shall give written notice thereof to the
Issuer and the Indenture Trustee within seven days after the occurrence of such
event.

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

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

        (f) Subject to Section 8(d) and 8(e), the Administrator acknowledges
that upon the appointment of a Successor Master Servicer pursuant to the Sale
and Servicing Agreement, the Administrator shall immediately resign and such
Successor Master Servicer shall automatically become the Administrator under
this Agreement; provided, however, that this subsection (f) shall not apply at
such times as the Indenture Trustee shall be the Successor Master Servicer.

        SECTION 9. Action upon Termination, Resignation or Removal. Promptly
upon the effective date of termination of this Agreement pursuant to the first
sentence of Section 8 or the resignation or removal of the Administrator
pursuant to Section 8(a), (b) or (c), respectively, the Administrator shall be
entitled to be paid all fees and reimbursable expenses accruing to it to the
date of such termination, resignation or removal. The Administrator shall
forthwith upon such termination pursuant to the first sentence of Section 8
deliver to the Issuer all property and documents of or relating to the
Collateral then in the custody of the Administrator. In the event of the
resignation or removal of the Administrator pursuant to Section 8(a), (b) or
(c), respectively, the Administrator shall cooperate with the Issuer and take
all reasonable steps requested to assist the Issuer in making an orderly
transfer of the duties of the Administrator.

        SECTION 10. Notices. Any notice, report or other communication given
hereunder shall be in writing and addressed as follows:

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        (a)    if to the Issuer or the Owner Trustee, to:

               WFS Financial 2002-2 Owner Trust
               Chase Manhattan Bank USA, National Association
               c/o JP Morgan Chase
               500 Stanton Christiana Rd., OPS4 /3rd Floor
               Newark, Delaware  19713
               Attention:  Institutional Trust Services

        (b)    if to the Administrator, to:

               WFS Financial Inc
               23 Pasteur
               Irvine, California  92618
               Attention:  Guy Du Bose, Esq.

        (c)    if to the Indenture Trustee, to:

               Deutsche Bank Trust Company Americas
               60 Wall Street
               New York, New York  10005
               Attention: Corporate Trust & Agency Services -- Structured
                          Finance Services

        (d)    if to the Insurer, to:

               Financial Security Assurance Inc.
               350 Park Avenue
               New York, New York  10022
               Attention: Transaction Oversight Department

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

        SECTION 11. Amendments. This Agreement may be amended from time to time
by a written amendment duly executed and delivered by the parties hereto, with
the written consent of the Insurer and the Owner Trustee but without the consent
of the Noteholders and the Certificateholders, for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of
this Agreement or of modifying in any manner the rights of the Noteholders or
Certificateholders; provided that such amendment will not, in the Opinion of
Counsel satisfactory to the Indenture Trustee, materially and adversely affect
the interest of any Noteholder or Certificateholder. This Agreement may also be
amended by the parties hereto with the written consent of the Owner Trustee and
the holders of Notes evidencing at least a majority of the Outstanding Amount of
the Notes and the holders of Certificates evidencing at least a majority of the
Certificate Percentage for the purpose of adding any provisions to or changing
in any manner or eliminating any of the provisions of this Agreement or of
modifying in any manner the rights of Noteholders or the Certificateholders;
provided, however, that no such amendment may (i) increase or reduce in any
manner the amount of, or accelerate or delay

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the timing of, collections of payments on the Contracts or distributions that
are required to be made for the benefit of the Noteholders or Certificateholders
or (ii) reduce the aforesaid percentage of the holders of Notes and Certificates
which are required to consent to any such amendment, without the consent of the
Insurer and the holders of all outstanding Notes and Certificates.
Notwithstanding the foregoing, the Administrator may not amend this Agreement
without the permission of the Seller, which permission shall not be unreasonably
withheld.

        SECTION 12. Successors and Assigns. This Agreement may not be assigned
by the Administrator unless such assignment is previously consented to in
writing by the Issuer and the Owner Trustee and subject to the satisfaction of
the Rating Agency Condition in respect thereof. An assignment with such consent
and satisfaction, if accepted by the assignee, shall bind the assignee hereunder
in the same manner as the Administrator is bound hereunder. Notwithstanding the
foregoing, this Agreement may be assigned by the Administrator without the
consent of the Issuer, the Insurer or the Owner Trustee to a corporation or
other organization that is a successor (by merger, consolidation or purchase of
assets) to the Administrator; provided that such successor organization executes
and delivers to the Issuer, the Insurer, the Owner Trustee and the Indenture
Trustee an agreement, in form and substance reasonably satisfactory to the Owner
Trustee, the Indenture Trustee and the Insurer, in which such corporation or
other organization agrees to be bound hereunder by the terms of said assignment
in the same manner as the Administrator is bound hereunder. Subject to the
foregoing, this Agreement shall bind any successors or assigns of the parties
hereto.

        SECTION 13. Governing Law. THIS AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA, WITHOUT REFERENCE TO ITS
CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS, EXCEPT THAT
THE DUTIES OF THE INDENTURE TRUSTEE SHALL BE GOVERNED BY THE LAWS OF THE STATE
OF NEW YORK.

        SECTION 14. Headings. The section and subsection 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 15. Counterparts. This Agreement may be executed in several
counterparts, each of which shall be an original and all of which shall
constitute but one and the same agreement.

        SECTION 16. Severability. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall be ineffective to the
extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction.

        SECTION 17. Not Applicable to WFS in Other Capacities. Nothing in this
Agreement shall affect any obligation WFS may have in any other capacity.

                                       11
<PAGE>

        SECTION 18. Limitation of Liability of Owner Trustee and Indenture
Trustee.

        (a) Notwithstanding anything contained herein to the contrary, this
instrument has been countersigned by Chase Manhattan Bank USA, National
Association not in its individual capacity but solely in its capacity as Owner
Trustee of the Issuer and in no event shall Chase Manhattan Bank USA, National
Association in its individual capacity or any beneficial owner of the Issuer
have any liability for the representations, warranties, covenants, agreements or
other obligations of the Issuer hereunder, as to all of which recourse shall be
had solely to the assets of the Issuer. For all purposes of this Agreement, in
the performance of any duties or obligations of the Issuer hereunder, the Owner
Trustee shall be subject to, and entitled to the benefits of, the terms and
provisions of Articles Six, Seven and Eight of the Trust Agreement.

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

        SECTION 19. Third-Party Beneficiary. The Owner Trustee is a third-party
beneficiary to this Agreement and is entitled to the rights and benefits
hereunder and may enforce the provisions hereof as if it were a party hereto.

        SECTION 20. Capitalized Terms. Except as otherwise specified herein or
as the context may otherwise require, capitalized terms used herein that are not
otherwise defined shall have the meanings ascribed thereto in the Indenture or
the Sale and Servicing Agreement, as the case may be.

                                       12
<PAGE>

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

                                        WFS FINANCIAL 2002-2 OWNER TRUST

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

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

                                        WFS FINANCIAL INC,
                                             as Administrator

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

                                        WFS RECEIVABLES CORPORATION,
                                             as Seller

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

                                        DEUTSCHE BANK TRUST COMPANY AMERICAS
                                         (formerly known as Bankers Trust
                                         Company), not in its individual
                                         capacity but solely as Indenture
                                         Trustee

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

                                       13
<PAGE>

                                                                       EXHIBIT A

                           [FORM OF POWER OF ATTORNEY]

                                       1<PAGE>
                                  EXHIBIT 10.3

                               THE GOOD GUYS, INC.

                          EMPLOYEE STOCK PURCHASE PLAN
                        (as amended through May 1, 2002)

1.      PURPOSE:

            The Good Guys, Inc. EMPLOYEE STOCK PURCHASE PLAN (the "Plan") is
designed to foster continued cordial employee relations, to encourage and assist
its employees and the employees of any present or future subsidiaries in
acquiring a stock ownership interest in The Good Guys, Inc. (the "Corporation")
and to help them provide for their future security. The Plan is intended to be
an Employee Stock Purchase Plan under Internal Revenue Code Section 423.

2.      STOCK SUBJECT TO THE PLAN:

            Subject to adjustment pursuant to Section 12 of the Plan, the
aggregate number of shares of Common Stock (the "shares") which may be sold
under the Plan is 4,750,000. The shares may be authorized, but unissued, or
reacquired shares of Common Stock of the Corporation. The Corporation, during
the term of the Plan, shall at all times reserve and keep available, such number
of shares as shall be sufficient to satisfy the requirements of the Plan.

3.      PERIODS:

            The Plan originally provided for six-month periods ending on the
last day of June and December of each year, with the exception that the first
period under the Plan commenced on February 6, 1986 and ended on June 30, 1986.
Effective as of September 29, 1999, the Plan was amended to provide for a
continuation of the six-month period through December 31, 1999, with respect to
those members of the Plan who were participants as of July 1, 1999, but to
provide for three-month periods ending on the last day of March, June, September
and December of each year for members of the Plan enrolling for the first time
after July 1, 1999 and for all members after December 31, 1999, with the first
three-month period to commence on October 11, 1999 and to end on December 31,
1999. By reason of an amendment to the Plan adopted in March 2001, the term
"period" as used in the Plan shall mean, effective as of April 1, 2001, the
two-month period commencing on April 1, 2001 and ending on May 31, 2001 and
thereafter the three-month periods ending on the last day of May, August,
November and February of each year.

<PAGE>
4.      ELIGIBILITY:

            Anyone who becomes an employee of the Corporation or any of its
subsidiaries (except those employees who own or hold options to purchase five
percent (5%) or more of the capital stock of the Corporation or any subsidiary
of the Corporation at the start of any period, those employees whose customary
employment is less than 20 hours per week, and those employees whose customary
employment is for not more than 5 months in any calendar year) is eligible to
become a member of the Plan on the first day of the period following the
commencement of service. Notwithstanding the foregoing, no employee shall be
entitled to purchase (i) shares of stock under the Plan and all other purchase
plans of the Corporation and any parent or subsidiary of the Corporation with an
aggregate fair market value (determined at date of grant) exceeding $25,000 per
year for each calendar year in which such option is outstanding at any time, or
(ii) more than 2,000 shares of stock under the Plan in any period.

            For purposes of this Plan, "subsidiary" shall mean a corporation of
which not less than fifty percent (50%) of the voting shares are held by the
Corporation or a subsidiary of the Corporation.

5.      JOINING THE PLAN:

            Any eligible employee's participation in the Plan shall be effective
as of the first day of the period following the day on which the employee
completes, signs, and returns to the Corporation, or one of its present or
future subsidiaries, a Stock Purchase Plan Application and Payroll Deduction
Authority form indicating his or her acceptance and agreement to the Plan.
Membership of any employee in the Plan is entirely voluntary.

            Any employee receiving shares shall have no rights with respect to
continuation of employment, nor with respect to continuation of any particular
Corporation business, policy or product.

6.      MEMBER'S CONTRIBUTIONS:

            Each member shall elect to make contributions by payroll deduction
of any percentage up to fifteen percent (15%) of his or her gross compensation.

            Subject to the maximum described above, a member may elect in
writing to increase or decrease his or her rate of contribution; such change
will become effective the first day of the period following receipt by the
Corporation of such written election.

            The amount of each member's contribution shall be held by the
Corporation in a special account and such contributions, free of any obligation
of the Corporation to pay interest thereon, shall be credited to such member's
individual account as of the last day of the month during which the compensation
from which the contributions were deducted was paid.

            No member will be permitted to make contributions for any period
during which he or she is not receiving pay from the Corporation or one of its
present or future subsidiaries.

                                       2
<PAGE>
7.      ISSUANCE OF SHARES:

            On the last trading day of each period so long as the Plan shall
remain in effect, and provided the member has not before that date advised the
Corporation that he or she does not wish shares purchased for his or her account
on that date, the Corporation shall apply the funds credited to the member's
account as of that date to the purchase of authorized but unissued shares of its
Common Stock in units of one share or multiples thereof.

            The cost to each member for the shares so purchased shall be
eighty-five percent (85%) of the lower of:

            1. The mean between the average bid and ask prices of the stock in
the over-the-counter market as quoted on the National Association of Security
Dealers Automatic Quotation System (NASDAQ), or if its stock is a National
Market Issue the last sales price of the stock, or if the stock is traded on one
or more securities exchanges the average of the closing prices on all such
exchanges, on the first trading day of the period; or

            2. The mean between the average bid and ask prices of the stock in
the over-the-counter market as quoted on the National Association of Securities
Dealers Automatic Quotation System (NASDAQ) or if the stock is a National Market
issue the last sales price of the stock, or if the stock is traded on one or
more securities exchanges the average of the closing prices on all such
exchanges on the last trading day of the period.

            Any moneys remaining in such member's account equaling less than the
sum required to purchase one share shall, unless otherwise requested by the
member, be held in the member's account for use during the next period. Any
moneys remaining in such member's account by reason of his or her prior election
not to purchase shares in a given period, as aforesaid, or moneys remaining in
such member's account by reason of application of the provisions of the next
paragraph hereof, shall be promptly returned to the member. The Corporation
shall as expeditiously as possible after the last day of each period issue to
the member entitled thereto the certificate evidencing the shares issuable to
him or her as provided herein.

            Notwithstanding anything above to the contrary, (a) if the number of
shares all members desire to purchase at the end of any period exceeds the
number of shares then available under the Plan, the shares available shall be
allocated among such members in proportion to their contributions during the
period; and (b) no funds in an employee's account shall be applied to the
purchase of shares and no shares hereunder shall be issued unless such shares
are covered by an effective registration statement under the Securities Act of
1933, as amended, or by an exemption therefrom.

            THE SHARES PURCHASED UNDER THE PLAN BETWEEN OCTOBER 11, 1999 AND
DECEMBER 1, 2001 COULD NOT BE TRANSFERRED UNTIL THE ELAPSE OF ONE YEAR FROM THE
LAST DAY OF THE PERIOD WITH RESPECT TO WHICH THE SHARES WERE ISSUED AND
APPROPRIATE LEGENDS TO THAT EFFECT WERE PLACED ON THE CERTIFICATE REPRESENTING
THE SHARES. EFFECTIVE FOR SHARES PURCHASED DURING THE

                                       3
<PAGE>
PERIODS COMMENCING ON OR AFTER DECEMBER 1, 2001, THIS RESTRICTION ON TRANSFER
WAS ELIMINATED.

8.      TERMINATION OF MEMBERSHIP:

            A member's membership in the Plan will be terminated when the member
(a) voluntarily elects to withdraw his or her entire account, (b) resigns or is
discharged from the Corporation or one of its present or future subsidiaries,
(c) dies, or (d) does not receive pay from the Corporation or one of its present
or future subsidiaries for twelve (12) consecutive months, unless this period is
due to illness, injury or for other reasons approved by the persons or person
appointed by the Corporation to administer the Plan as provided in Paragraph 10
below. Upon termination of membership, the terminated member shall not be
entitled to rejoin the Plan until the first day of the period immediately
following the period in which the termination occurs. Upon termination of
membership, the member shall be entitled to the amount of his or her individual
account within fifteen (15) days after termination.

9.      BENEFICIARY:

            Each member shall designate a beneficiary or beneficiaries and may,
without their consent, change his or her designation. Any designation shall be
effective only after it is received by the Corporation and shall become
effective as of the date it is signed and shall be controlling over any
disposition by will or otherwise.

            Upon the death of a member his or her account shall be paid or
distributed to the beneficiary or beneficiaries designated by such member, or in
the absence of such designation, to the executor or administrator of his or her
estate, and in either event the Corporation shall not be under any further
liability to anyone. If more than one beneficiary is designated, then each
beneficiary shall receive an equal portion of the account unless the member
indicates to the contrary in his or her designation, provided that the
Corporation may in its sole discretion make distributions in such form as will
avoid the creation of fractional shares.

10.     ADMINISTRATION OF THE PLAN:

            The Plan shall be administered by such officers or other employees
of the Corporation as the Corporation may from time to time select, and the
persons so selected shall be responsible for the administration of the Plan. All
costs and expenses incurred in administering the Plan shall be paid by the
Corporation. Any taxes applicable to the member's account shall be charged or
credited to the member's account by the Corporation.

11.     MODIFICATION AND TERMINATION:

            The Corporation expects to continue the Plan until such time as the
shares reserved for issuance under the Plan have been sold. The Corporation
reserves, however, the right to amend, alter, or terminate the Plan in its
discretion. Upon termination, each member shall be entitled to the amount of his
or her individual account within thirty (30) days after termination.

                                       4
<PAGE>
12.     ADJUSTMENTS UPON CHANGES IN CAPITALIZATION:

            Appropriate and proportionate adjustments shall be made in the
number and class of shares of stock subject to this plan, and to the rights
granted hereunder and the prices applicable to such rights, in the event of a
stock dividend, stock split, reverse stock split, recapitalization,
reorganization, merger, consolidation, acquisition, separation, or like change
in the capital structure of the Corporation.

13.     ASSIGNABILITY OF RIGHTS:

            No rights of any employee under this Plan shall be assignable by him
or her, by operation of law, or otherwise, except to the extent that a member is
permitted to designate a beneficiary or beneficiaries as hereinabove provided,
and except to the extent permitted by the law of descent and distribution if no
such beneficiary be designated. Prior to the issuance of any shares under this
Plan, each employee member shall be required to sign a statement as set forth in
Exhibit "A" attached hereto and incorporated herein.

14.     PARTICIPATION IN OTHER PLANS:

            Nothing herein contained shall affect an employee's right to
participate in and receive benefits under and in accordance with the then
current provisions of any pension, insurance, or other employee welfare plan or
program of the Corporation.

15.     APPLICABLE LAW:

            The interpretation, performance, and enforcement of this Plan shall
be governed by the laws of the State of California.

16.     EFFECTIVE DATE OF PLAN; SHAREHOLDER APPROVAL:

            The Plan shall become effective upon adoption by the Board and
approval by the shareholders of the Corporation.

17.     LEGEND CONDITIONS:

            The shares of Common Stock to be issued pursuant to the provisions
of this Plan shall have endorsed upon their face the following:

            1. Any legend condition imposed as a condition of qualification by
        the California Commissioner of Corporations

            2. Unless the shares to be issued under this Plan have been
        registered under the Securities Act of 1933, the following additional
        legend shall be placed on the certificates:

            "The shares represented by this certificate have not been registered
            under the Securities Act of 1933. The shares have been acquired for
            investment and may not

                                       5
<PAGE>
            be pledged or hypothecated, and may not be sold or transferred in
            the absence of an effective Registration Statement for the shares
            under the Securities Act of 1933 or an opinion of counsel to the
            Company that registration is not required under said Act."

            3. The legend provided for in Section 7 hereof.

                                       6
<PAGE>
                                    EXHIBIT A

                                    GOOD GUYS
                               STOCK PURCHASE PLAN
                        APPLICATION/CHANGE AUTHORIZATION

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

USE THIS FORM TO ENROLL OR CHANGE YOUR DEDUCTION ONLY. IF YOU ARE ALREADY
ENROLLED AND DO NOT WISH TO CHANGE YOUR DEDUCTIONS YOU DO NOT NEED TO COMPLETE
THIS FORM.

---------------------------------------------------      ----------------------
Last Name        First Name         Middle Initial       Social Security Number

----------------------       ---------------------       ----------------------
Location                     Associate I.D. Number             Position

--------------------------------------------------------------------------------
EMPLOYEE ADDRESS CHANGE: COMPLETE THIS SECTION ONLY IF YOU HAVE A NEW ADDRESS
AND HAVE NOT YET NOTIFIED THE HUMAN RESOURCES DEPARTMENT (Please Print)

(------)---------------     ---------------------------------------------------
Telephone Number                             Street Address

---------------------  --------------------------------------------------------
Social Security Number  City                          State          Zip Code

--------------------------------------------------------------------------------
CHANGE OR DISCONTINUE: I WISH TO CHANGE MY CURRENT DEDUCTION TO THE INDICATED
PERCENTAGE EACH PAY PERIOD: (CIRCLE ONE PERCENTAGE BELOW):

0%  1%  2%  3%   4%  5%  6%  7%  8%  9%  10%  11%  12%  13%  14%  15%

-------------------------------------------------------------------------------
BENEFICIARY Please Print)

-----------------------                       ----------   --------------------
PRIMARY BENEFICIARY                           Percentage      Relationship

(------)---------------     ---------------------------------------------------
Telephone Number                             Street Address

---------------------  --------------------------------------------------------
Social Security Number  City                          State          Zip Code

2ND PRIMARY BENEFICIARY (OPTIONAL)            ----------   --------------------
                                              Percentage      Relationship
Percentage              Relationship

(------)---------------     ---------------------------------------------------
Telephone Number                             Street Address

---------------------  --------------------------------------------------------
Social Security Number  City                          State          Zip Code

CONTINGENT BENEFICIARY (OPTIONAL)             ----------   --------------------
                                              Percentage      Relationship
(      )
 ------ ---------------     ---------------------------------------------------
Telephone Number                             Street Address

---------------------  --------------------------------------------------------
Social Security Number  City                          State          Zip Code
--------------------------------------------------------------------------------

                                       7
<PAGE>

                                   EXHIBIT A

AGREEMENT: I AGREE THAT I WILL BE BOUND BY THE TERMS OF THE PLAN. I ALSO
ACKNOWLEDGE THAT SHARES PURCHASED BY ME UNDER THE PLAN MUST BE HELD FOR A PERIOD
OF ONE YEAR FROM THE DATE OF PURCHASE AND THAT A LEGEND TO THAT EFFECT WILL BE
PLACED ON THE STOCK CERTIFICATE THAT I RECEIVE.

THIS APPLICATION WILL AUTHORIZE THE COMPANY TO ISSUE COMMON STOCK IN THE NAME
SHOWN ABOVE AT THE END OF THE THREE-MONTH (QUARTER) ENROLLMENT PERIOD. THE
QUARTERS END MAY 31, AUGUST 31, NOVEMBER 30, AND THE LAST DAY OF FEBRUARY EACH
YEAR.

------------------------------------------------------   ---------------------
Your Signature                                           Date

 MAIL TO: HUMAN RESOURCES, GOOD GUYS HQ, 1600 HARBOR BAY PARKWAY, SUITE 200,
                   ALAMEDA, CA 94502 OR FAX TO (510) 747-6284

                                       8

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