Document:

Exhibit 10.3

                                                               EXECUTION COPY

                          TRANSFER AND SALE AGREEMENT

                                    between

                               FIFTH THIRD BANK,
                        A MICHIGAN BANKING CORPORATION,

                                as Transferor,

                                      and

                         FIFTH THIRD AUTO FUNDING LLC,

                                 as Purchaser

                           Dated as of June 1, 2004

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                               Table of Contents
                                                                          Page

                                   Article I
                        Definitions and Interpretation

Section 1.01.  Capitalized terms.............................................1
Section 1.02.  Other Definitional and Interpretive Provisions................2

                                  Article II
                   Conveyance of Transferor Conveyed Assets

Section 2.01.  Conveyance of Transferor Conveyed Assets......................3
Section 2.02.  The Closing...................................................4

                                  Article III
                        Representations and Warranties

Section 3.01.  Representations and Warranties of the Purchaser...............5
Section 3.02.  Representations and Warranties of the Transferor..............6

                                  Article IV
                                  [Reserved]

                                   Article V
                          Covenants of the Transferor

Section 5.01.  Protection of Right, Title and Interest.......................8
Section 5.02.  Other Liens or Interests......................................9
Section 5.03.  Costs and Expenses............................................9
Section 5.04.  Hold Harmless.................................................9

                                  Article VI
                           Miscellaneous Provisions

Section 6.01.  Obligations of Transferor....................................10
Section 6.02.  Repurchase Events............................................10
Section 6.03.  Purchaser Assignment of Repurchased Receivables..............10
Section 6.04.  Transfer to the Issuer.......................................10
Section 6.05.  Amendment....................................................11
Section 6.06.  Waivers......................................................12
Section 6.07.  Notices......................................................12
Section 6.08.  Costs and Expenses...........................................12
Section 6.09.  Representations of the Transferor and the Purchaser..........12
Section 6.10.  Confidential Information.....................................12
Section 6.11.  Headings and Cross-References................................13
Section 6.12.  GOVERNING LAW................................................13

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Section 6.13.  Counterparts.................................................13
Section 6.14.  Severability.................................................13
Section 6.15.  Further Assurances...........................................13
Section 6.16.  Waiver of Immunity...........................................13
Section 6.17.  Third Party Beneficiary......................................14
Section 6.18.  No Proceedings...............................................14

Exhibit A      Representations and Warranties with respect to the Receivables
Exhibit B      Perfection Representations, Warranties and Covenants
Schedule I     Final Schedule of Receivables
Schedule II    Location of Receivable Files

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         This TRANSFER AND SALE AGREEMENT dated as of June 1, 2004, is between
FIFTH THIRD BANK, a Michigan banking corporation, as seller (the "Transferor")
and FIFTH THIRD AUTO FUNDING LLC, a Delaware limited liability company, as
purchaser (the "Purchaser").

                                   RECITALS

         WHEREAS, the Transferor has originated or purchased certain motor
vehicle retail installment sale contracts and motor vehicle installment loan
notes secured by new and used automobiles, light duty trucks, vans, minivans
and sport utility vehicles from Dealers;

         WHEREAS, the Transferor and the Purchaser wish to set forth the terms
pursuant to which such contracts and loan notes are to be sold by the
Transferor to the Purchaser;

         WHEREAS, the Purchaser intends, concurrently with its purchase
hereunder, to convey all of its right, title and interest in and to all of
such contracts and loan notes to Citigroup Vehicle Securities Inc. (the
"Depositor") pursuant to a Receivables Purchase Agreement dated as of June 1,
2004 (as amended, restated or otherwise modified from time to time, the
"Receivables Purchase Agreement");

         WHEREAS, the Depositor intends, concurrently with its purchase
pursuant to the Receivables Purchase Agreement, to convey all of its right,
title and interest in and to all of such contracts and loan notes to Fifth
Third Auto Trust 2004-A (the "Issuer") pursuant to a Sale and Servicing
Agreement dated as of June 1, 2004 (as amended, restated or otherwise modified
from time to time, the "Sale and Servicing Agreement"), by and among the
Issuer, the Depositor, the Seller, Fifth Third Bank, an Ohio banking
corporation, as Servicer, as Administrator and as Custodian, and The Bank of
New York, a New York banking corporation, as indenture trustee (the "Indenture
Trustee"); and

         WHEREAS, the Issuer intends to pledge all of its right, title and
interest in and to such contracts and loan notes to the Indenture Trustee
pursuant to the Indenture dated as of June 1, 2004 (as amended, restated or
otherwise modified from time to time, the "Indenture"), by and between the
Issuer and the Indenture Trustee.

         NOW, THEREFORE, 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 Interpretation

         Section 1.01.     Capitalized terms.

         Capitalized terms used in this Agreement and not otherwise defined in
this Agreement shall have the meanings assigned thereto in Section 1.01 of the
Sale and Servicing Agreement. As used in this Agreement, the following terms
shall, unless the context otherwise requires, have the following meanings:

<PAGE>

         "Agreement" means this Transfer and Sale Agreement, as amended,
restated or otherwise modified from time to time.

         "Receivables" means the Receivables listed on Schedule I to the
Receivables Purchase Agreement (which Schedule may be in the form of
microfiche or electronic format).

         "Sale and Servicing Agreement" has the meaning set forth in the
recitals.

         "Schedule of Receivables" means the list of Receivables annexed to
the Receivables Purchase Agreement as Schedule I (which Schedule may be in the
form of microfiche or electronic format).

         Section 1.02.     Other Definitional and Interpretive Provisions.

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

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

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

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

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

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<PAGE>

                                  Article II

                   Conveyance of Transferor Conveyed Assets

         Section 2.01.     Conveyance of Transferor Conveyed Assets.

         (a)    The Transferor does hereby sell, transfer, assign, set over and
otherwise convey to the Purchaser on the Closing Date, without recourse
(subject to the obligations of the Transferor set forth herein) all right,
title, and interest of the Transferor in and to:

               (i)    the Receivables and all monies received thereon after the
         Cutoff Date;

               (ii)   the security interests in the Financed Vehicles and any
         accessions thereto granted by the related Obligors pursuant to the
         Receivables and any other interest of the Banks in such Financed
         Vehicles;

               (iii)  any Liquidation Proceeds and any other proceeds with
         respect to the Receivables from any extended warranty, theft and
         physical damage, credit life, disability or other insurance policy
         covering Receivables, Financed Vehicles or Obligors, including any
         vendor's single interest or other collateral protection insurance
         policy and Fifth Third GAP protection;

               (iv)   any property that shall have secured a Receivable and
         that shall have been acquired by or on behalf of the Banks;

               (v)    all documents and other items contained in the Receivable
         Files;

               (vi)   all proceeds from any Receivable purchased or repurchased
         by a Dealer pursuant to a Dealer Agreement;

               (vii)  all accounts, money, chattel paper, securities,
         instruments, documents, deposit accounts, certificates of deposit,
         letters of credit, advices of credit, banker's acceptances,
         uncertificated securities, general intangibles, contract rights,
         goods and other property consisting of, arising from or relating to
         any and all of the foregoing; and

               (viii) the proceeds of any and all of the foregoing
         (collectively, with the assets listed in clauses (i) through (vii)
         above, the "Transferor Conveyed Assets").

         In consideration of the transfer of the Transferor Conveyed Assets to
the Purchaser on the Closing Date, the Purchaser shall pay in cash on such
date an amount equal to $756,315,722.

         (b)    The Transferor and the Purchaser intend that the transfer of
assets by the Transferor to the Purchaser pursuant to this Agreement be a sale
of the ownership interest in such assets to the Purchaser (for all non-tax
purposes), rather than the mere granting of a security interest to secure a
borrowing and in furtherance thereof:

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               (i)      the Transferor and the Purchaser shall record each
         such transfer as a sale or purchase (as the case may be) on its books
         and records for legal purposes;

               (ii)     the Transferor Conveyed Assets shall be deemed to no
         longer be the property, assets or rights of the Transferor; the
         Transferor, its creditors, or, in any Insolvency Proceeding with
         respect to the Transferor or the Transferor's property, a bankruptcy
         trustee, conservator, receiver, debtor, debtor in possession or
         similar person, shall have no rights, legal or equitable, whatsoever
         to reacquire, reclaim, recover, repudiate, disaffirm, redeem or
         recharacterize as property of the Transferor, in whole or in part,
         the Transferor Conveyed Assets;

               (iii)    in the event of an Insolvency Proceeding with respect
         to the Transferor or the Transferor's property, such Transferor
         Conveyed Assets shall not be deemed to be part of the Transferor's
         property, assets, rights or estate; and

               (iv)     the parties hereto intend that (A) the FDIC Rule shall
         apply to the transactions contemplated by this Agreement and the
         other Basic Documents and (B) the transactions contemplated by this
         Agreement and the other Basic Documents, taken as a whole,
         constitute a "securitization" within the meaning of the FDIC Rule.

         (c)    In the event that the transfer of assets by the Transferor to
the Purchaser pursuant to this Agreement is deemed not to be a sale (for
non-tax purposes) but to be of a mere security interest to secure a borrowing,
the Transferor hereby grants to the Purchaser a security interest in all of
the Transferor's right, title and interest in, to and under, whether now owned
or existing or hereafter acquired or arising, the Transferor Conveyed Assets
which security interest shall be perfected and of first priority, and this
Agreement shall constitute a security agreement under applicable law.

         (d)    Pursuant to the Receivables Purchase Agreement and Section 6.04
hereof, the Purchaser may sell, transfer and assign to the Depositor (i) all
or any portion of the Transferor Conveyed Assets assigned to the Purchaser
hereunder, (ii) all or any portion of the Purchaser's rights against the
Transferor under this Agreement and (iii) all proceeds thereof. Such
assignment may be made by the Purchaser with or without an assignment by the
Purchaser of its rights under this Agreement, and without further notice to or
acknowledgement from the Transferor. The Transferor waives, to the extent
permitted under applicable law, all claims, causes of action and remedies,
whether legal or equitable (including any right of setoff), against the
Purchaser or any assignee of the Purchaser relating to such action by the
Purchaser in connection with the transactions contemplated by the Receivables
Purchase Agreement. Notwithstanding anything herein to the contrary, nothing
in this Section shall limit any contractual rights in this Agreement or any
other document executed in connection with this Agreement that require or
permit the transfer or return of the Transferor Conveyed Assets to the
Transferor.

         Section 2.02.     The Closing.

         The sale and purchase of the Transferor Conveyed Assets shall take
place at a closing at the offices of Sidley Austin Brown & Wood LLP, 787
Seventh Avenue, New York, New York

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10019 on the Closing Date, simultaneously with the closing under the
Receivables Purchase Agreement, the Sale and Servicing Agreement and the
Indenture.

                                 Article III

                        Representations and Warranties

         Section 3.01.     Representations and Warranties of the Purchaser.

           The Purchaser hereby represents and warrants as follows to the
Transferor as of the date hereof and the Closing Date:

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

         (b)    Due Qualification. The Purchaser is duly qualified to do
business as a foreign limited liability company in good standing, and has
obtained all necessary licenses and approvals in all jurisdictions where the
failure to do so would materially and adversely affect the Purchaser's ability
to acquire the Receivables or the validity or enforceability of the
Receivables.

         (c)    Power and Authority. The Purchaser has the limited liability
company power and authority to execute, deliver and perform this Agreement and
the other Basic Documents to which it is a party and to carry out its terms;
and the execution, delivery and performance of this Agreement and the other
Basic Documents to which it is a party have been duly authorized by the
Purchaser by all necessary limited liability company action.

         (d)    Binding Obligation. This Agreement and the other Basic
Documents to which it is a party, when duly executed and delivered by the
Transferor, shall constitute legal, valid and binding obligations of the
Purchaser, enforceable against the Purchaser in accordance with their
respective terms, except as the enforceability thereof may be limited by
bankruptcy, insolvency, reorganization or similar laws now or hereafter in
effect relating to or affecting creditors' rights generally and to general
principles of equity (whether applied in a proceeding at law or in equity).

         (e)    No Violation. The consummation of the transactions contemplated
by this Agreement and the other Basic Documents to which it is a party and the
fulfillment of the terms hereof and thereof do not conflict with, result in
any breach of any of the terms and provisions of, or constitute (with or
without notice or lapse of time or both) a default under, the charter or
bylaws of the Purchaser, or any indenture, agreement or other instrument to
which the Purchaser is a party or by which it is bound; or result in the
creation or imposition of any Lien upon any of its properties pursuant to the
terms of any such indenture, agreement, mortgage, deed of trust or other
instrument, other than this Agreement and the other Basic Documents; or
violate any law, rules or regulation applicable to the Purchaser of any court
or federal or state regulatory body,

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<PAGE>

administrative agency or other governmental instrumentality having
jurisdiction over the Purchaser.

         (f)    No Proceedings. There are no proceedings or investigations
pending or, to the Purchaser's knowledge, threatened against the Purchaser
before any court, regulatory body, administrative agency or other tribunal or
governmental instrumentality having jurisdiction over the Purchaser or its
properties (i) asserting the invalidity of this Agreement or any other Basic
Document to which the Purchaser is a party, (ii) seeking to prevent the
consummation of any of the transactions contemplated by this Agreement or any
other Basic Document to which the Purchaser is a party or (iii) seeking any
determination or ruling that would materially and adversely affect the
performance by the Purchaser of its obligations under, or the validity or
enforceability of, this Agreement or any other Basic Document to which the
Purchaser is a party.

         (g)    No Consents. The Purchaser is not required to obtain the
consent of any other party or any consent, license, approval, registration,
authorization, or declaration of or with any governmental authority, bureau or
agency in connection with the execution, delivery, performance, validity, or
enforceability of this Agreement or any other Basic Document to which the
Purchaser is a party, that has not already been obtained.

         Section 3.02.     Representations and Warranties of the Transferor.

         The Transferor hereby represents and warrants as follows to the
Purchaser as of the date hereof and as of the Closing Date:

         (a)    Organization and Good Standing. The Transferor is a banking
corporation duly organized, validly existing and in good standing under the
laws of the State of Michigan and has, in all material respects, the corporate
power to own its assets and to transact the business in which it is currently
engaged. The Transferor is an insured depository institution under the
provisions of the Federal Deposit Insurance Act, 12 U.S.C. Sections 1811-1831,
and the Transferor's status as an insured depository institution has not been
terminated under the provisions of Section 8 of the Federal Deposit Insurance
Act, 12 U.S.C. Section 1818. The Transferor is duly qualified to do business
as a foreign corporation, has obtained all necessary licenses and approvals
and is in good standing in each jurisdiction where the failure to be so
authorized would materially and adversely affect the validity and
enforceability of, or the ability of the Transferor to perform its obligations
under, the Basic Documents or affect the enforceability or collectibility of
the Receivables or any other Transferor Conveyed Assets (other than a de
minimis portion thereof). The Transferor has, and at all relevant times had,
the power, authority and legal right to acquire and own the Receivables.

         (b)    Power and Authority. The Transferor has the power and authority
to execute and deliver this Agreement and the other Basic Documents to which
the Transferor is a party and to carry out their respective terms, and has
taken all necessary corporate action to authorize the execution, delivery and
performance of this Agreement and the other Basic Documents to which the
Transferor is a party. When executed and delivered, this Agreement and the
other Basic Documents to which the Transferor is a party will constitute
legal, valid and binding obligations of the Transferor enforceable in
accordance with their respective terms, except as enforcement of such terms
may be limited by bankruptcy, insolvency, reorganization

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<PAGE>

or similar laws affecting the enforcement of creditors' rights generally and
to general principles of equity whether applied in a proceeding in equity or
at law and by the rights and powers of the Federal Deposit Insurance
Corporation and the Office of the Comptroller of the Currency.

         (c)    No Violation. The consummation of the transactions contemplated
by this Agreement and the other Basic Documents to which the Transferor is a
party and the fulfillment of their respective terms 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 or both) a default under, the
certificate of incorporation or bylaws of the Transferor, or any material
indenture, agreement, mortgage, deed of trust or other instrument to which the
Transferor is a party or by which it is bound; or result in the creation or
imposition of any Lien upon any of its properties pursuant to the terms of any
such indenture, agreement, mortgage, deed of trust or other instrument, other
than this Agreement and the other Basic Documents (other than conflicts,
breaches or Liens which do not affect the legality, validity or enforceability
of any of the Basic Documents and which, individually or in the aggregate,
would not materially and adversely affect the transactions contemplated by, or
the Transferor's ability to perform its obligations under, the Basic
Documents), or violate any law, order, agreement, rule or regulation
applicable to the Transferor of any court or federal or state regulatory body,
administrative agency or other governmental instrumentality having
jurisdiction over the Transferor or any of its properties.

         (d)    No Proceedings. There are no legal or governmental proceedings
or investigations pending or, to the Transferor's knowledge, threatened
against the Transferor before any court, regulatory body, administrative
agency or other tribunal or governmental instrumentality having jurisdiction
over the Transferor or its properties (i) asserting the invalidity of this
Agreement or any other Basic Document to which the Transferor is a party, (ii)
seeking to prevent the consummation of any of the transactions contemplated by
this Agreement or any other Basic Document to which the Transferor is a party
or (iii) seeking any determination or ruling that would materially and
adversely affect the performance by the Transferor of its obligations under,
or the validity or enforceability of, this Agreement or any other Basic
Document to which the Transferor is a party.

         (e)    No Consents. The Transferor is not required to obtain the
consent of any other party or any consent, license, approval, registration,
authorization, or declaration of or with any governmental authority, bureau or
agency in connection with the execution, delivery, performance, validity, or
enforceability of this Agreement or any other Basic Document to which it is a
party, other than (i) UCC filings, (ii) approvals and authorizations that have
previously been obtained and filings that have previously been made and (iii)
approvals, authorizations or filings that, if not obtained or made, would not
have a material adverse effect on the enforceability or collectibility of the
Receivables and would not have a material adverse effect on the ability of the
Transferor to perform its obligations under the Basic Documents.

         (f)    No Notice. The Transferor represents and warrants that it
acquired title to the Receivables in good faith, without notice of any adverse
claim.

         (g)    Computer Files Marked. The Transferor has, on or prior to the
Closing Date, clearly and unambiguously indicated or caused to be indicated in
the computer files of the

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Transferor, the Servicer and any other applicable Bank that the Receivables
have been sold to the Purchaser, the Depositor or the Issuer (as applicable).

         (h)    The Receivables. The Transferor makes the representations and
warranties set forth on Exhibit A with respect to the Receivables, on which
the Purchaser relies in accepting the Receivables and in transferring the
Receivables to the Depositor under the Receivables Purchase Agreement, on
which the Depositor relies in accepting and transferring the same to the
Issuer under the Sale and Servicing Agreement, and on which the Issuer relies
in pledging the same to the Indenture Trustee. Such representations and
warranties speak as of the Closing Date, or if so specified therein, as of the
Cutoff Date, but shall survive the sale, transfer and assignment of the
Receivables to the Purchaser, the subsequent sale, transfer and assignment of
the Receivables by the Purchaser to the Depositor pursuant to the Receivables
Purchase Agreement, the subsequent sale, transfer and assignment of the
Receivables by the Depositor to the Issuer pursuant to the Sale and Servicing
Agreement and the pledge of the Receivables by the Issuer to the Indenture
Trustee pursuant to the Indenture.

         (i)    Perfection Representations. The Transferor makes all of the
representations, warranties and covenants set forth in Exhibit B.

         (j)    Official Record. This Agreement is and shall remain at all
times prior to the termination hereof an official record of the Transferor as
referred to in Section 13(e) of the Federal Deposit Insurance Act, as amended
by 12 U.S.C. Section 1823(e).

                                  Article IV

                                  [Reserved]

                                  Article V

                          Covenants of the Transferor

         The Transferor agrees with the Purchaser as follows:

         Section 5.01.     Protection of Right, Title and Interest.

         (a)    Filings. The Transferor shall cause at its own expense all
financing statements and continuation statements and any other necessary
documents covering the right, title and interest of the Purchaser in and to
the Transferor Conveyed Assets to be promptly filed and at all times to be
kept recorded, registered and filed, all in such manner and in such places as
may be required by law fully to preserve and protect the right, title and
interest of the Purchaser, the Depositor, the Issuer and the Indenture Trustee
in the Transferor Conveyed Assets. The Transferor shall deliver to the
Purchaser and the Indenture Trustee file stamped copies of, or filing receipts
for, any document recorded, registered or filed as provided above, as soon as
available following such recordation, registration or filing. The Purchaser
shall cooperate fully with the Transferor in connection with the obligations
set forth above and will execute any and all documents reasonably required to
fulfill the intent of this paragraph.

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<PAGE>

         (b)    Name Change. If the Transferor makes any change in its name,
identity, jurisdiction of organization, corporate structure or mailing address
in any manner that would make any financing statement or continuation
statement filed in accordance with this Agreement "seriously misleading"
within the meaning of Sections 9-506, 9-507 or 9-508 of the UCC, the
Transferor shall give the Purchaser, the Depositor, the Indenture Trustee and
the Owner Trustee written notice thereof at least five days prior to such
change and shall promptly file such financing statements or amendments as may
be necessary to continue the perfection of the Purchaser's, the Depositor's,
the Issuer's and the Indenture Trustee's interest in the Transferor Conveyed
Assets.

         Section 5.02.     Other Liens or Interests.

         Except for the conveyances and grants of security interests hereunder
and/or pursuant to the other Basic Documents, the Transferor shall not sell,
pledge, assign or transfer to any Person, or grant, create, incur, assume, or
suffer to exist any Lien on, or any interest in, to or under the Transferor
Conveyed Assets, and the Transferor shall defend the right, title and interest
of the Purchaser, the Depositor, the Issuer and the Indenture Trustee in, to
and under the Transferor Conveyed Assets against all claims of third parties
claiming through or under the Transferor.

         Section 5.03.     Costs and Expenses.

         The Transferor agrees to pay all reasonable costs and disbursements
in connection with the perfection, as against all third parties claiming
through or under the Transferor, of the Purchaser's, the Depositor's, the
Issuer's and the Indenture Trustee's right, title and interest in and to the
Transferor Conveyed Assets and the other property included in the Trust
Estate.

         Section 5.04.     Hold Harmless.

         The Transferor shall protect, defend, indemnify and hold the
Purchaser, the Depositor, the Issuer and their respective assigns and their
employees, officers, directors and agents harmless from and against all
losses, liabilities, claims and damages of every kind and character, including
any legal or other expenses reasonably incurred, as incurred, resulting from
or relating to or arising out of (i) the inaccuracy, nonfulfillment or breach
of any representation, warranty, covenant or agreement made by the Transferor
in this Agreement or made by the Seller in the Receivables Purchase Agreement,
(ii) any legal action, including any counterclaim, that has either been
settled by the litigants or has proceeded to judgment by a court of competent
jurisdiction, in either case to the extent it is based upon alleged facts
that, if true, would constitute a breach of any representation, warranty,
covenant or agreement made by the Transferor in this Agreement or made by the
Seller in the Receivables Purchase Agreement, (iii) any failure of a
Receivable to be originated or serviced in compliance with all requirements of
law and (iv) any tax, fee or governmental charge payable by the Purchaser, the
Depositor or the Issuer to any federal, state or local government arising out
of the transfer, assignment and conveyance of the Receivables and the other
assets conveyed to the Purchaser, the Depositor or the Issuer. These indemnity
obligations shall be in addition to any obligation that the Transferor may
otherwise have.

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<PAGE>

                                  Article VI

                           Miscellaneous Provisions

         Section 6.01.     Obligations of Transferor.

         The obligations of the Transferor under this Agreement shall not be
affected by reason of any invalidity, illegality or irregularity of any
Transferor Conveyed Asset.

         Section 6.02.     Repurchase Events.

         The Transferor hereby covenants and agrees with the Purchaser for the
benefit of the Purchaser, the Depositor, the Indenture Trustee, the Issuer,
the Owner Trustee, the Certificateholders and the Noteholders that the
occurrence of a breach of any of the Transferor's representations and
warranties contained in Section 3.02(h) that materially and adversely affects
the interest of the Purchaser, the Depositor, the Issuer, the Indenture
Trustee or the Noteholders shall constitute an event obligating the Transferor
to repurchase the Receivables to which such breach is applicable, from the
Purchaser, the Depositor or the Issuer, as applicable, unless any such breach
shall have been cured by the end of the Collection Period which includes the
60th day (or, if the Seller elects, an earlier date) after the date that a
Responsible Officer of the Transferor became aware or was notified of such
breach. Any such breach will not be deemed to have a material and adverse
effect if such breach does not affect the receipt of timely payment on such
Receivable. Any such purchase by the Transferor shall be at a price equal to
the Purchase Amount of such Receivable. The obligation of the Transferor to
repurchase under this Section 6.02 shall not be dependent upon the actual
knowledge of the Transferor of any breached representation or warranty and
shall exist without regard to any limitation set forth in any representation
or warranty concerning the knowledge of the Transferor as to the facts stated
therein. Except as set forth in Section 5.04, the sole remedy against the
Transferor of the Purchaser, the Depositor, the Indenture Trustee, the Issuer,
the Owner Trustee, the Certificateholders or the Noteholders with respect to a
breach of the Transferor's representations and warranties set forth in Section
3.02(h) of this Agreement shall be to require repurchases by the Transferor of
Receivables pursuant to this Section 6.02.

         Section 6.03.     Purchaser Assignment of Repurchased Receivables.

         With respect to all Receivables repurchased by the Transferor
pursuant to this Agreement, the Purchaser shall assign, without recourse,
representation or warranty, to the Transferor all of the Purchaser's right,
title and interest in and to such Receivables and all security and documents
relating thereto.

         Section 6.04.     Transfer to the Issuer.

         The Transferor acknowledges and agrees that (1) the Purchaser will,
pursuant to the Receivables Purchase Agreement, transfer and assign the
Transferor Conveyed Assets and assign its rights under this Agreement with
respect thereto to the Depositor, the Depositor will, pursuant to the Sale and
Servicing Agreement, transfer and assign the Transferor Conveyed Assets and
assign its rights under this Agreement with respect thereto to the Issuer,
and, pursuant to the

                                      10
<PAGE>

Indenture, the Issuer will pledge the Transferor Conveyed Assets to the
Indenture Trustee, and (2) the representations and warranties contained in
this Agreement and the rights of the Purchaser under this Agreement
(including, but not limited to, under Section 6.02) are intended to benefit
the Depositor, the Issuer, the Indenture Trustee, the Noteholders and the
Certificateholders. The Transferor hereby consents to such transfers and
assignments and agrees that enforcement of a right or remedy hereunder by the
Indenture Trustee, the Owner Trustee, the Issuer or the Depositor shall have
the same force and effect as if the right or remedy had been enforced or
executed by the Purchaser.

         Section 6.05.     Amendment.

         (a)    Any term or provision of this Agreement may be amended in
writing by the Transferor and the Purchaser with the prior written consent of
the Depositor (which shall not be unreasonably withheld) but without the
consent of the Indenture Trustee, the Owner Trustee, any Noteholder, any
Certificateholder, the Issuer or any other Person; provided that such
amendment shall not, as evidenced by an Opinion of Counsel delivered to the
Indenture Trustee and to that effect, materially and adversely affect the
interests of the Noteholders or the Certificateholders. An amendment shall be
deemed not to materially and adversely affect the interests of the Noteholders
or the Certificateholders and no Opinion of Counsel to that effect shall be
required if the Rating Agency Condition is satisfied with respect to such
amendment.

         (b)    Any term or provision of this Agreement may be amended in
writing by the Transferor and the Purchaser with the prior written consent of
the Depositor (which shall not be unreasonably withheld) but without the
consent of the Indenture Trustee, the Owner Trustee, any Noteholder, any
Certificateholder, the Issuer or any other Person to add, modify or eliminate
any provisions as may be necessary or advisable in order to enable the
Transferor, the Purchaser or any of their respective Affiliates to comply with
or obtain more favorable treatment under any law or regulation or any
accounting rule or principle, it being a condition to any such amendment that
the Rating Agency Condition shall have been satisfied.

         (c)    Any term or provision of this Agreement may be amended in
writing by the Seller and the Depositor with the prior written consent of the
Depositor (which shall not be unreasonably withheld), the Indenture Trustee,
Holders of Notes evidencing at least a majority of the Outstanding Amount of
the Note Balance, and Holders of Certificates evidencing at least a majority
of the percentage interests in the Certificates (excluding, for purposes of
this Section 6.05(c), Notes or Certificates held by the Seller or any of its
Affiliates), for the purpose of adding any provisions to or changing in any
manner or eliminating any of the provisions of this Agreement or of modifying
in any manner the rights of the Noteholders or the Certificateholders;
provided, however, that no such amendment shall (i) reduce the interest rate
or principal amount of any Note, change the timing of distributions on any
Note or delay the Final Scheduled Distribution Date of any Note without the
consent of the Holder of such Note, (ii) reduce the percentage of the
Outstanding Amount of the Note Balance, the Holders of which are required to
consent to any matter without the consent of the Holders of at least the
percentage of the Outstanding Amount of the Note Balance that were required to
consent to such matter before giving effect to such amendment or (iii) reduce
the percentage of the interests in the Certificates, the Holders of which are
required to consent to any matter without the consent of the Holders of

                                      11
<PAGE>

at least the percentage of the interests in the Certificates that were
required to consent to such matter before giving effect to such amendment.

         Section 6.06.     Waivers.

         No failure or delay on the part of the Purchaser, the Depositor, the
Issuer or the Indenture Trustee in exercising any power, right or remedy under
this Agreement shall operate as a waiver thereof, nor shall any single or
partial exercise of any such power, right or remedy preclude any other or
further exercise thereof or the exercise of any other power, right or remedy.

         Section 6.07.     Notices.

         All demands, notices and communications under this Agreement shall be
in writing, personally delivered, faxed and followed by first class mail, or
mailed by certified mail, return receipt requested, and shall be deemed to
have been duly given upon receipt (a) in the case of the Purchaser, to 1850
East Paris Avenue SE, Kentwood, Michigan 49503, Attention: Paul Clemens (MD
RMOB3A); (b) in the case of the Transferor, to 111 Lyon Street NW, Grand
Rapids, Michigan 49503, Attention: Paul Clemens (MD RMOB3A); (c) in the case
of the Depositor, to 390 Greenwich Street, New York, New York 10013,
Attention: Myongsu Kong; (d) in the case of the Issuer or the Owner Trustee,
at the Corporate Trust Administration Department; (e) in the case of the
Indenture Trustee, at the Corporate Trust Office; (f) in the case of Moody's
Investors Service, Inc., to 99 Church Street, New York, New York 10007,
Attention: ABS Monitoring Department, and (g) in the case of Standard & Poor's
Ratings Services, a division of The McGraw-Hill Companies, Inc., to 55 Water
Street (40th Floor), New York, New York 10041, Attention: Asset Backed
Surveillance Department; or, as to each of the foregoing, at such other
address as shall be designated by written notice to the other parties.

         Section 6.08.     Costs and Expenses.

         The Transferor shall pay all expenses incident to the performance of
its obligations under this Agreement and the Transferor agrees to pay all
reasonable out-of-pocket costs and expenses of the Purchaser, in connection
with the perfection of the Purchaser's, the Depositor's, the Issuer's and the
Indenture Trustee's right, title and interest in and to the Transferor
Conveyed Assets and the enforcement of any obligation of the Transferor
hereunder.

         Section 6.09.     Representations of the Transferor and the Purchaser.

         The respective agreements, representations, warranties and other
statements by the Transferor and the Purchaser set forth in or made pursuant
to this Agreement shall remain in full force and effect and will survive the
closing under Section 2.02 and the transfers and assignments referred to in
Section 6.04.

         Section 6.10.     Confidential Information.

         The Purchaser agrees that it will neither use nor disclose to any
Person the names and addresses of the Obligors or any other personally
identifiable information of an Obligor, except in connection with the
enforcement of the Purchaser's rights hereunder, under the Receivables,

                                      12
<PAGE>

under the Receivables Purchase Agreement or any other Basic Document, or as
required by any of the foregoing or by law.

         Section 6.11.     Headings and Cross-References.

         The various headings in this Agreement are included for convenience
only and shall not affect the meaning or interpretation of any provision of
this Agreement. References in this Agreement to section names or numbers are
to such Sections of this Agreement.

         Section 6.12.     GOVERNING LAW.

         THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS THAT
WOULD APPLY THE LAW OF ANY JURISDICTION OTHER THAN THE STATE OF NEW YORK, AND
THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE
DETERMINED IN ACCORDANCE WITH SUCH LAWS.

         Section 6.13.     Counterparts.

         This Agreement may be executed by the parties hereto in separate
counterparts, each of which when so executed and delivered shall constitute an
original, but all of which when taken together shall constitute but one
contract. Delivery of an executed counterpart of this Agreement by facsimile
transmission shall be effective as delivery of a manually executed counterpart
of this Agreement.

         Section 6.14.     Severability.

         In the event any one or more of the provisions contained in this
Agreement should be held invalid, illegal or unenforceable in any respect, the
validity, legality and enforceability of the remaining provisions contained
herein and therein shall not in any way be affected or impaired thereby. The
parties shall endeavor in good faith negotiations to replace the invalid,
illegal or unenforceable provisions with valid provisions, the economic effect
of which comes as close as possible to that of the invalid, illegal or
unenforceable provisions.

         Section 6.15.     Further Assurances.

         The Transferor agrees to do and to perform from time to time any and
all acts and to execute and all further instruments required or reasonably
requested by the Purchaser, the Depositor, the Issuer or the Indenture Trustee
to effect the purposes of this Agreement.

         Section 6.16.     Waiver of Immunity.

         To the extent that the Transferor has or hereafter may acquire any
immunity (sovereign or otherwise) from any legal action, suit or proceeding,
from the jurisdiction of any court or from set-off or any legal process
(whether service of notice, attachment prior to judgment, attachment in aid of
execution of judgment, execution of judgment or otherwise) with respect to
itself or any

                                      13
<PAGE>

of its property and assets, the Transferor hereby irrevocably waives and
agrees not to plead or claim such immunity in respect of its obligations under
this Agreement.

         Section 6.17.     Third Party Beneficiary.

         Each of the Depositor, the Issuer and the Indenture Trustee is an
express third party beneficiary of this Agreement and shall be entitled to
enforce the provisions of this Agreement as if it were a party hereto.

         Section 6.18.     No Proceedings.

         Notwithstanding any prior termination of this Agreement, the parties
hereto shall not, prior to the date that is one year and one day after payment
in full of all obligations under each Financing with respect to each
Bankruptcy Remote Party, acquiesce, petition or otherwise invoke or cause any
Bankruptcy Remote Party to invoke the process of any court or government
authority for the purpose of commencing or sustaining a case against such
Bankruptcy Remote Party under any federal or state bankruptcy, insolvency or
similar law, or appointing a receiver, liquidator, assignee, trustee,
custodian, sequestrator or other similar official of such Bankruptcy Remote
Party or any substantial part of its property, or ordering the winding up or
liquidation of the affairs of such Bankruptcy Remote Party.

                                      14
<PAGE>

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

                            FIFTH THIRD BANK, a Michigan banking corporation

                            By: /s/ Mary Tuuk
                               -------------------------------------
                                 Name:  Mary Tuuk
                                 Title: Senior Vice President

                            FIFTH THIRD AUTO FUNDING LLC

                            By: /s/ Paul Clemens
                               -------------------------------------
                                 Name:  Paul Clemens
                                 Title: Senior Vice President

                                      15
<PAGE>

                                   EXHIBIT A

                REPRESENTATIONS AND WARRANTIES WITH RESPECT TO

                                THE RECEIVABLES

        (a)     Schedule of Receivables. The Schedule of Receivables identifies
the Receivables by account number, name of Obligor and remaining Principal
Balance of the Receivables as of the Cutoff Date and the information set forth
in the Schedule of Receivables with respect to each Receivable was true and
correct in all material respects as of the close of business on the Cutoff
Date, and no selection procedures materially adverse to the Noteholders have
been utilized in selecting the Receivables from all receivables owned by the
Banks which meet the selection criteria specified herein.

        (b)     No Sale or Transfer. No Receivable has been sold, transferred,
assigned or pledged by Fifth Third (Ohio) to any Person other than the
Transferor. No Receivable has been sold, transferred, assigned or pledged by
the Transferor to any Person other than the Seller. No Receivable has been
sold, transferred, assigned or pledged by the Seller to any Person other than
the Depositor.

        (c)     Title. Immediately prior to the Closing Date, no Receivable
has been sold, transferred, assigned or pledged to any Person other than to
the Seller pursuant to the Transfer and Sale Agreement or the Depositor
pursuant to the Receivables Purchase Agreement. Immediately prior to the
transfers and assignments contemplated by the Transfer and Sale Agreement, the
Transferor has good and marketable title to each Receivable free and clear of
all Liens, and immediately upon the transfer thereof pursuant to the Transfer
and Sale Agreement, the Seller shall have good and marketable title to each
Receivable, free and clear of all Liens. Immediately prior to the transfers
and assignments contemplated by the Receivables Purchase Agreement, the Seller
has good and marketable title to each Receivable free and clear of all Liens,
and, immediately upon the transfer thereof pursuant to the Receivables
Purchase Agreement, the Depositor shall have good and marketable title to each
Receivable, free and clear of all Liens and, immediately upon the transfer
thereof from the Depositor to the Issuer in accordance with the terms of the
Sale and Servicing Agreement and the representations and warranties of the
Depositor set forth therein (assuming the accuracy of the Depositor's
representations pursuant to Section 3.02 of the Sale and Servicing Agreement),
the Issuer shall have good and marketable title to each Receivable, free and
clear of all Liens and, immediately upon the pledge thereof from the Issuer to
the Indenture Trustee in accordance with the terms of the Indenture (assuming
the accuracy of the Depositor's representations pursuant to Section 3.02 of
the Sale and Servicing Agreement), the Indenture Trustee shall have a first
priority perfected security interest in each Receivable.

        (d)     Acquisition. Each Receivable is a Dealer Receivable acquired
directly or indirectly from or made through a Dealer located in the United
States (including the District of Columbia).

        (e)     Security. Each Receivable is secured by a new or used
automobile, light-duty truck, van, minivan or sport utility vehicle.

<PAGE>

        (f)     Maturity of Receivables. As of the Cutoff Date, each Receivable
had a remaining maturity of not less than 2 months and not greater than 84
months, and (i) in the case of each Receivable secured by new Financed
Vehicles, had an original maturity of at least 12 months and not more than 84
months, or (ii) in the case of each Receivable secured by used Financed
Vehicles, had an original maturity of at least 12 months and not more than 84
months.

        (g)     Contract Rate. Each Receivable is a fully-amortizing fixed rate
simple interest contract or note that provides for level scheduled monthly
payments over its remaining term and, as of the Cutoff Date, had a Contract
Rate of not less than 5.498% per annum or more than 12.500% per annum.

        (h)     No Repossessions. As of the Cutoff Date, each Receivable is
secured by a Financed Vehicle that had not been repossessed without
reinstatement of such Receivable.

        (i)     Obligor Not Subject to Bankruptcy Proceedings. Each Receivable
has been entered into by an Obligor who had not been identified in the records
of the Servicer as in bankruptcy proceedings as of the Cutoff Date.

        (j)     No Overdue Payments. As of the Cutoff Date, each Receivable had
no payment that was more than 30 days past due.

        (k)     Remaining Principal Balance. As of the Cutoff Date, each
Receivable had a remaining Principal Balance of at least $501.79 and not
greater than $121,817.54.

        (l)     No Force-Placed Insurance Premium Payments Included in
Principal Balances. As of the Cutoff Date, the outstanding Principal Balance
of the Receivable (as set forth on the Schedule of Receivables and the
computer tape regarding the receivables made available by the Transferor and
the Servicer to the Depositor) does not include (1) the amount of any premium
payable with respect to force-placed insurance or (2) the amount of any loan
to the related Obligor for the payment of any such premium.

        (m)     Receivable Files. The Receivable Files are kept at one or more
of the locations specified in Schedule II to the Transfer and Sale Agreement.

        (n)     Characteristics of Receivables. Each Receivable (i) has been
originated in the form of a credit sales transaction by a Dealer or a purchase
money loan or other note through a Dealer located in one of the States of the
United States (including the District of Columbia) for the retail financing of
a Financed Vehicle and has been fully and properly executed by the parties
thereto, (ii) if a retail installment sales contract, has been purchased by
the applicable Originator from the originating Dealer and has been validly
assigned by such Dealer to such Originator (and, if such Originator is not the
Transferor, has been validly assigned by such Originator to the Transferor) in
accordance with its terms; (iii) contains customary and enforceable provisions
such that the rights and remedies of the holder thereof are adequate for
realization against the collateral of the benefits of the security; and (iv)
provides for fully amortizing level scheduled monthly payments (provided that
the payment in the last month in the life of the Receivable may be different
from the level scheduled payment) and for accrual of interest at a fixed rate
according to the Simple Interest Method.

<PAGE>

        (o)     Compliance with Laws. Each Receivable and each sale of the
related Financed Vehicle complied at the time it was originated or made, and
complied on and after the Cutoff Date, in all material respects with all
requirements of applicable federal, state, and local laws, and regulations
thereunder, including usury laws, the Federal Truth-in-Lending Act, the Equal
Credit Opportunity Act, the Fair Credit Reporting Act, the Federal Trade
Commission Act, the Magnuson-Moss Warranty Act, Federal Reserve Board
Regulations B and Z, state adaptations of the National Consumer Act and of the
Uniform Consumer Credit Code, and any other consumer credit, equal
opportunity, and disclosure laws, in each case as applicable to such
Receivable and sale thereof, and each Receivable has been was serviced in all
material respects in compliance with all requirements of applicable federal,
state, and local laws, and regulations thereunder.

        (p)     Binding Obligation. Each Receivable constitutes the legal,
valid, and binding payment obligation in writing of the Obligor, enforceable
by the holder thereof in all material respects in accordance with its terms,
subject, as to enforcement, to applicable bankruptcy, insolvency,
reorganization, liquidation and other similar laws and equitable principles
relating to or affecting the enforcement of creditors' rights.

        (q)     No Government Obligor; Business Obligors. Each Receivable is
not due from the United States of America or any State or from any agency,
department, instrumentality or political subdivision of the United States of
America or any State or local municipality, and no more than 1.97% of the
Receivables (by aggregate Principal Balance as of the Cutoff Date) are due
from a business except to the extent that such Receivable has a personal
guaranty.

        (r)     Security Interest in Financed Vehicle. Immediately prior to the
sale and assignment thereof to the Seller as contemplated in the Transfer and
Sale Agreement, each Receivable was secured by a validly perfected first
priority security interest in the related Financed Vehicle in favor of or for
the benefit of the applicable Originator as secured party (subject to
administrative delays and clerical errors on the part of the applicable
governmental agency and to any statutory or other lien arising by operation of
law after the Closing Date which is prior to such security interest), such
Originator's security interest (or beneficial interest therein) is assignable,
and has been so assigned by such Originator to the Transferor (if such
Originator is not the Transferor), by the Transferor to the Seller, by the
Seller to the Depositor and, assuming the accuracy of the Depositor's
representations pursuant to Section 3.02 of the Sale and Servicing Agreement,
by the Depositor to the Issuer, and at such time as enforcement of such
security interest is sought, each Receivable shall be secured by a validly
perfected first priority security interest in the related Financed Vehicle for
the benefit of the Issuer (subject to administrative delays and clerical
errors on the part of the applicable governmental agency and to any statutory
or other lien arising by operation of law after the Closing Date which is
prior to such security interest).

        (s)     Receivables in Force. As of the Cutoff Date, no Receivable has
been satisfied, subordinated, or rescinded, nor has any Financed Vehicle been
released from the Lien granted by the related Receivable, in whole or in part.

        (t)     No Waiver. As of the Cutoff Date, no provision of a Receivable
has been waived in such a manner that such Receivable fails to meet all of the
representations and warranties made herein with respect thereto.

<PAGE>

        (u)     No Amendments. As of the Cutoff Date, no Receivable has been
amended except pursuant to either instruments included or to be included in
the Receivable Files (or records otherwise maintained by the Servicer in the
ordinary course of its business), and no such amendment has caused such
Receivable to fail to meet all of the representations and warranties made
herein with respect thereto.

        (v)     No Defenses. The records of the Servicer as of the Cutoff Date
do not disclose either of any facts which would give rise to any right of
rescission, setoff, counterclaim, or defense, or of the same being asserted or
threatened, with respect to any Receivable.

        (w)     No Liens. The records of the Servicer as of the Cutoff Date do
not disclose any Liens or claims that have been filed, including liens for
work, labor, materials or unpaid taxes relating to a Financed Vehicle, that
would be liens prior to, or equal or coordinate with, the lien granted by the
Receivable.

        (x)     No Default. Except for payment defaults continuing for a period
of not more than 30 days as of the close of business on the Cutoff Date, the
records of the Servicer as of the Cutoff Date did not disclose that a default,
breach, violation, or event permitting acceleration under the terms of any
Receivable exists; the records of the Servicer as of the Cutoff Date did not
disclose that a continuing condition that with notice or lapse of time would
constitute a default, breach, violation, or event permitting acceleration
under the terms of any Receivable exists; and as of the Closing Date, the
Servicer has not waived any of the foregoing. For purposes of this
representation and warranty, with respect to any Financed Vehicle that had CPI
Insurance as of the Cutoff Date, the related Obligor shall be deemed to be in
compliance with the provisions in the related Receivable requiring the Obligor
to maintain comprehensive, liability, theft and physical damage insurance
covering such Financed Vehicle.

        (y)     Insurance. Each Receivable requires that the Obligor thereunder
maintain comprehensive, liability, theft and physical damage insurance
covering the related Financed Vehicle.

        (z)     Lawful Assignment. No Receivable has been originated in, or is
subject to the laws of, any jurisdiction under which the sale, transfer, and
assignment of such Receivable under this Agreement or pursuant to transfers of
the Certificates or the Notes is unlawful, void or voidable.

        (aa)    All Filings Made. No filings (other than filings under the UCC
that have been made) or other actions are necessary in any jurisdiction to
give the Issuer a first perfected security interest in the Receivables.

        (bb)    Characterization of Receivables. Each Receivable constitutes
either "tangible chattel paper", an "account", a "payment intangible" or a
"promissory note" within the meaning of the UCC. There is no more than one
original executed copy of such Receivable, which, immediately prior to
delivery thereof to the Servicer (as custodian) for the Issuer, was in the
possession of the Seller.

        (cc)    Excluded Loans. Each Receivable is not a Receivable originated
by or through a Dealer located in the State of Maine or the Commonwealth of
Pennsylvania.

<PAGE>

        (dd)    Computer Tape. The computer tape regarding the Receivables made
available by the Transferor and the Servicer to the Depositor accurately
includes the Amount Financed, the Contract Rate, the date of origination, the
original term, the Cutoff Date Principal Balance, the scheduled monthly
payment amount, and the payments remaining as of the Cutoff Date with respect
to each Receivable.

        (ee)    Origination Date. Each Receivable was originated after
January 5, 1999.

<PAGE>

                                   EXHIBIT B

             PERFECTION REPRESENTATIONS, WARRANTIES AND COVENANTS

         1. This Agreement creates a valid and continuing security interest
(as defined in UCC Section 9-102) in the Receivables in favor of the
Purchaser, which security interest is prior to all other Liens, and is
enforceable as such as against creditors of and purchasers from the
Transferor.

         2. The Receivables constitute either "tangible chattel paper",
"accounts", "payment intangibles" or "promissory notes" within the meaning of
UCC Section 9-102.

         3. The Transferor has taken all steps necessary to perfect its
security interest against the Obligors in the Financed Vehicles securing the
Receivables.

         4. The Transferor owns and has good and marketable title to the
Receivables free and clear of any Lien, claim or encumbrance of any Person,
excepting only liens for taxes, assessments or similar governmental charges or
levies incurred in the ordinary course of business that are not yet due and
payable or as to which any applicable grace period shall not have expired, or
that are being contested in good faith by proper proceedings and for which
adequate reserves have been established, but only so long as foreclosure with
respect to such a lien is not imminent and the use and value of the property
to which the Lien attaches is not impaired during the pendency of such
proceeding.

         5. The Servicer has caused or will have caused, within ten days after
the effective date of the Indenture, 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
Transferor to the Purchaser, the sale of the Receivables from the Seller to
the Depositor, the transfer and sale of the Receivables from the Depositor to
the Issuer, and the security interest in the Receivables granted to Indenture
Trustee under the Indenture.

         6. With respect to each Receivable that constitutes tangible chattel
paper or a promissory note, such tangible chattel paper or promissory note is
in the possession of the Custodian and the Indenture Trustee has received a
written acknowledgment from the Custodian that the Custodian is holding such
tangible chattel paper or promissory note solely on behalf and for the benefit
of the Indenture Trustee.

         7. The Transferor has not authorized the filing of, and is not aware
of, any financing statements against either the Transferor or the Purchaser
that include a description of collateral covering the Receivables, the other
Transferor Conveyed Assets and proceeds related thereto other than any
financing statement (i) relating to the sale of Receivables by Fifth Third
(Michigan) to the Purchaser under this Agreement, (ii) relating to the sale of
Receivables by the Seller to the Depositor under the Receivables Purchase
Agreement, (iii) relating to the sale of Receivables by the Depositor to the
Issuer under the Sale and Servicing Agreement, (iv) relating to the security
interest granted to Indenture Trustee under the Indenture, or (v) that has
been terminated.

<PAGE>

         8. The Transferor is not aware of any judgment, ERISA or tax Lien
filings against the Transferor.

         9. None of the tangible chattel paper or promissory notes 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 Indenture Trustee.

         10. Survival of Perfection Representations. Notwithstanding any other
provision of this Agreement, the Receivables Purchase Agreement, the Sale and
Servicing Agreement, the Indenture or any other Basic Document, the Perfection
Representations contained in this Exhibit B shall be continuing, and remain in
full force and effect (notwithstanding any replacement of the Servicer or
termination of the Servicer's rights to act as such), until such time as all
obligations under this Agreement, the Receivables Purchase Agreement, the Sale
and Servicing Agreement and the Indenture have been finally and fully paid and
performed.

         11. No Waiver. The parties hereto: (i) shall not, without obtaining a
confirmation of the then-current rating of the Notes, waive any of the
Perfection Representations; (ii) shall provide the Ratings Agencies with
prompt written notice of any breach of the Perfection Representations; and
(iii) shall not, without obtaining a confirmation of the then-current rating
of the Notes (as determined after any adjustment or withdrawal of the ratings
following notice of such breach), waive a breach of any of the Perfection
Representations.

<PAGE>

                                  SCHEDULE I

                         Final Schedule of Receivables

                     [On file with the Indenture Trustee]

<PAGE>

                                  SCHEDULE II

                         Location of Receivable Files

                              925 Freeman Avenue
                            Cincinnati, Ohio 45203Exhibit 10.4

                                                                EXECUTION COPY

                           ADMINISTRATION AGREEMENT

     This ADMINISTRATION AGREEMENT dated as of June 1, 2004 among FIFTH THIRD
AUTO TRUST 2004-A, a Delaware statutory trust (the "Issuer"), FIFTH THIRD
BANK, an Ohio banking corporation ("Fifth Third (Ohio)"), as administrator (in
such capacity, the "Administrator"), and THE BANK OF NEW YORK, a New York
banking corporation, 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 1.3975% Asset Backed Notes, Class A-1,
2.42% Asset Backed Notes, Class A-2, 3.19% Asset Backed Notes, Class A-3 and
3.70% Asset Backed Notes, Class A-4 (collectively, the "Class A Notes") and
3.61% Asset Backed Notes, Class B (the "Class B Notes" and, together with the
Class A Notes, the "Notes") pursuant to the Indenture dated as of June 1, 2004
(as amended, supplemented and otherwise modified from time to time, the
"Indenture"), between the Issuer and the Indenture Trustee and is issuing
Asset Backed Certificates (the "Certificates" and, together with the Notes,
the "Securities") pursuant to the Amended and Restated Trust Agreement dated
as of June 1, 2004 (as amended, supplemented and otherwise modified from time
to time, the "Trust Agreement"), between Citigroup Vehicle Securities, Inc.,
as depositor (the "Depositor"), and Wilmington Trust Company (the "Owner
Trustee");

     WHEREAS, the Issuer has entered into certain agreements in connection
with the issuance of the Securities and of certain beneficial ownership
interests in the Issuer, including (i) a Sale and Servicing Agreement dated as
of June 1, 2004 (as amended, supplemented and otherwise modified from time to
time, the "Sale and Servicing Agreement"), among the Issuer, the Depositor,
Fifth Third Auto Funding LLC, as seller (in such capacity, the "Seller"),
Fifth Third (Ohio), as servicer (in such capacity, the "Servicer"),
administrator and custodian and the Indenture Trustee, (ii) a Letter of
Representations dated June 16, 2004 (as amended, supplemented and otherwise
modified from time to time, the "Note Depository Agreement"), among the
Issuer, the Indenture Trustee, the Administrator and The Depository Trust
Company ("DTC") relating to the Notes and (iii) the Indenture (the Sale and
Servicing Agreement, the Note Depository Agreement, the Indenture and the
Trust Agreement being referred to hereinafter collectively as the "Related
Agreements") (capitalized terms used and not otherwise defined herein shall
have the meanings assigned to such terms in the Sale and Servicing Agreement,
the Indenture or the Trust Agreement, as applicable);

     WHEREAS, pursuant to the Related Agreements, the Issuer and the Owner
Trustee, are required to perform certain duties in connection with (a) the
Notes and the collateral therefor pledged pursuant to the Indenture (the
"Collateral") and (b) the certificates issued pursuant to the Trust Agreement
(the "Certificates" and the registered holders of such Certificates being
referred to herein as the "Certificateholders");

<PAGE>

     WHEREAS, the Issuer and the Owner Trustee desire to have the
Administrator perform certain of the duties of the Issuer and the Owner
Trustee (in its capacity as 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 agree as follows:

     1.   Duties of the Administrator.

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

          (i) The Administrator agrees to perform all its duties as
     Administrator and all the duties of the Issuer and the Owner Trustee
     under the Note Depository Agreement. In addition, the Administrator shall
     consult with the Owner Trustee regarding the duties of the Issuer or the
     Owner Trustee under the Indenture and the Note 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
     Issuer's or the Owner Trustee's duties under the Indenture and the Note
     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 Note
     Depository Agreement. In furtherance of the foregoing, the Administrator
     shall take all appropriate action that is the duty of the Issuer or the
     Owner Trustee 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 (parenthetical section references
     are to sections of the Indenture):

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

          (2) 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);

          (3) the notification of Noteholders of the final principal payment
          on their Notes (Section 2.08(b));

          (4) the preparation of Definitive Notes in accordance with the
          instructions of the Clearing Agency (Section 2.12);

                                      2
<PAGE>

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

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

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

          (8) the obtaining and preservation of the Issuer's qualification to
          do business in each jurisdiction where the failure to do so would
          materially and adversely affect the validity and enforceability of
          the Indenture, the Notes, the Collateral and each other instrument
          and agreement included in the Trust Estate (Section 3.04);

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

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

          (11) the identification to the Indenture Trustee 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));

          (12) 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));

          (13) the duty to cause the Servicer to comply with the Sale and
          Servicing Agreement (Section 3.14);

          (14) the delivery of written notice to the Indenture Trustee and the
          Rating Agencies of each Event of Default under the Indenture, of
          each default on the part of the Servicer or the Seller of their
          respective obligations under the Sale and Servicing Agreement, of
          each default on the part of the Seller of its obligations under the
          Receivables Purchase Agreement and of each default on the part of
          the Transferor of its obligations under the Transfer and Sale
          Agreement (Section 3.19);

          (15) upon the request of the Indenture Trustee, the execution and
          delivery of any instruments and the undertaking of any actions
          reasonably necessary to carry out more effectively the purpose of
          the Indenture (Section 3.20);

                                      3
<PAGE>

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

          (17) the preparation, obtaining or filing of the instruments,
          opinions and certificates and other documents required for the
          release of collateral (Section 4.04);

          (18) the compliance with any written directive of the Indenture
          Trustee 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);

          (19) provide the Indenture Trustee with the information required by
          law to enable each Noteholder to prepare its federal, state and
          local income or franchise tax returns (Section 6.06);

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

          (21) the furnishing to 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);

          (22) provide reasonable and appropriate assistance to the Servicer
          with the preparation and 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 (Section 7.03);

          (23) the opening of one or more accounts in accordance with the
          Indenture and the Sale and Servicing Agreement (Section 8.02);

          (24) 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);

          (25) the preparation of Issuer Orders and the obtaining of Opinions
          of Counsel with respect to the execution of supplemental indentures
          (Sections 9.01, 9.02 and 9.03);

          (26) the execution and delivery of new Notes conforming to any
          supplemental indenture (Section 9.05);

          (27) the duty to cause the Indenture Trustee to notify Noteholders
          of redemption of the Notes (Section 10.02);

                                      4
<PAGE>

          (28) 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));

          (29) 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));

          (30) the transmission to the Indenture Trustee of any notice
          received by the Issuer from the Noteholders (Section 11.04);

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

          (32) the recording of the Indenture, if applicable (Section 11.14).

          (ii) The Administrator shall:

               (1) pay the Indenture Trustee (and any separate trustee or
          co-trustee appointed pursuant to Section 6.10 of the Indenture (a
          "Separate Trustee")) from time to time reasonable compensation for
          all services rendered by the Indenture Trustee or Separate Trustee,
          as the case may be, under the Indenture, as agreed to between the
          Administrator and the Indenture Trustee in writing (which
          compensation shall not be limited by any law relating to the
          compensation of a trustee of an express trust);

               (2) except as otherwise expressly provided in the Indenture,
          reimburse the Indenture Trustee or any Separate Trustee upon its
          request for all reasonable out-of-pocket expenses, advances and
          disbursements reasonably incurred by the Indenture Trustee or
          Separate Trustee, as the case may be, in connection with the
          performance by the Indenture Trustee or Separate Trustee, as the
          case may be, of its duties as Indenture Trustee or Separate Trustee;

               (3) indemnify the Indenture Trustee and any Separate Trustee in
          accordance with Section 6.07 of their Indenture;

               (4) pay the Owner Trustee as compensation for its services
          under the Trust Agreement such fees as have been separately agreed
          upon between the Administrator and the Owner Trustee, and the
          Administrator shall reimburse the Owner Trustee for its other
          reasonable expenses under the Trust Agreement, including the
          reasonable compensation, expenses and disbursements of such agents,
          representatives, experts and counsel as the Owner Trustee may employ
          in connection with the exercise and performance of its rights and
          its duties under the Trust Agreement and under the Basic Documents;
          and

               (5) indemnify the Owner Trustee and its successors, assigns,
          agents and servants in accordance with Section 8.02 of the Trust
          Agreement to the extent

                                      5
<PAGE>

          that amounts thereunder have not been paid pursuant to Section 5.06
          of the Sale and Servicing Agreement.

               The indemnities and obligations set forth in Sections (1) (2),
          (3) and (5) above shall survive the discharge of the Indenture, the
          dissolution of the Issuer and, the resignation or removal of
          Indenture Trustee, the Owner Trustee or the Administrator, as
          applicable.

     (b) Additional Duties.

          (i) In addition to the duties of the Administrator set forth above,
     the Administrator shall perform such calculations and shall prepare or
     shall cause the preparation by other appropriate Persons of, and shall
     execute on behalf of the Issuer or the Owner Trustee, all such documents,
     reports, filings, instruments, certificates and opinions that it shall be
     the duty of the Issuer or the Owner Trustee to prepare, file or deliver
     pursuant to the Related Agreements or Section 5.05(a), (b), (c) or (d) of
     the Trust Agreement, and at the request of the Owner Trustee shall take
     all appropriate action that it is the duty of the Issuer or the Owner
     Trustee to take pursuant to the Related Agreements. 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 of this Agreement, and in accordance
     with the directions of the Owner Trustee, the Administrator shall
     administer, perform or supervise the performance of such other activities
     in connection with the Collateral (including the Related Agreements) as
     are not covered by any of the foregoing provisions and as are expressly
     requested by the Owner Trustee and are reasonably within the capability
     of the Administrator.

          (ii) Notwithstanding anything in this Agreement or the Related
     Agreements to the contrary, the Administrator shall be responsible for
     promptly notifying the Owner Trustee and the Paying Agent in the event
     that any withholding tax is imposed on the Trust's payments (or
     allocations of income) to a Certificateholder 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 and
     the Paying Agent 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(a), (b), (c) and (d), the penultimate sentence of Section 5.05 and
     Section 5.06(a) of the Trust Agreement with respect to, among other
     things, accounting and reports to Certificateholders; provided, however,
     that the Paying Agent shall distribute the Schedule K-1s (as prepared by
     the Administrator) necessary to enable each Certificateholder to prepare
     its federal and state income tax returns.

                                      6
<PAGE>

          (iv) The Administrator may 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"), which shall perform the obligations of the
     Administrator thereunder. If the Administrator elects to retain the
     Accountants pursuant to the preceding sentence, then in connection with
     paragraph (ii) above, the Accountants will provide prior to July 20, 2004
     a letter 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
     including, without limitation, those specified in Section 10.02 of the
     Trust Agreement in connection with the 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) Notwithstanding anything to the contrary in this Agreement, 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. Unless explicitly provided under this
     Administration Agreement, for the purpose of the preceding sentence,
     "non-ministerial matters" shall include, without limitation:

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

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

               (C) 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, (x) make any
     payments to the

                                      7
<PAGE>

     Noteholders under the Related Agreements, (y) sell the Trust Estate
     pursuant to Section 5.04 of the Indenture or (z) take any other action
     that the Issuer directs the Administrator not to take on its behalf.

     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 upon reasonable written request
by the Issuer and the Depositor at any time during normal business hours.

     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 paid by the Servicer as
set forth in a separate agreement.

     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.

     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.

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

     7. Other Activities of Administrator.

     (a) 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 even though such
Person may engage in business activities similar to those of the Issuer, the
Owner Trustee or the Indenture Trustee.

     (b) The Administrator and its Affiliates may generally engage in any kind
of business with any Person party to a Related Agreement, any of its
Affiliates and any Person who may do business with or own securities of any
such Person or any of its Affiliates, without any duty to account therefor to
the Issuer, the Owner Trustee or the Indenture Trustee.

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

     (a) This Agreement shall continue in force until the termination of the
Issuer, upon which event this Agreement shall automatically terminate.

                                      8
<PAGE>

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

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

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

          (i) the Administrator shall default in the performance of any of its
     duties under this Agreement and, after written notice of such default,
     shall not cure such default within ten Business 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); or

          (ii) the occurrence of an Insolvency Event with respect to the
     Administrator.

     The Administrator agrees that if any of the events specified in clause
(ii) of this Section shall occur, it shall give written notice thereof to the
Issuer and the Indenture Trustee within seven days after the happening of such
event.

     (e) 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, (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 and (iii) the Owner Trustee and the
Indenture Trustee consent to the appointment of the successor Administrator.

     (f) The termination of the Administrator and the appointment of any
successor Administrator shall be effective only if the Rating Agency Condition
is satisfied with respect to the appointment of such successor Administrator.

     (g) A successor Administrator shall execute, acknowledge and deliver a
written acceptance of its appointment hereunder to the resigning Administrator
and to the Issuer. Thereupon the resignation or removal of the resigning
Administrator shall become effective, and the successor Administrator shall
have all the rights, powers and duties of the Administrator under this
Agreement. The successor Administrator shall mail a notice of its succession
to the Noteholders and the Certificateholders. The resigning Administrator
shall promptly transfer or cause to be transferred all property and any
related agreements, documents and statements held by it as Administrator to
the successor Administrator and the resigning Administrator shall execute and
deliver such instruments and do other things as may reasonably be required for
fully and certainly vesting in the successor Administrator all rights, power,
duties and obligations hereunder.

     (h) In no event shall a resigning Administrator be liable for the acts or
omissions of any successor Administrator hereunder.

     (i) The Administrator may, at any time without notice or consent,
delegate any or all of its duties under this Agreement to any of its
Affiliates or to sub-contractors who are in the

                                      9
<PAGE>

business of performing such duties; provided, that no such delegation shall
relieve the Administrator of its responsibility with respect to such duties
and the Administrator shall remain obligated and liable to the Issuer and the
Indenture Trustee for its duties hereunder as if the Administrator alone were
performing such duties. The Administrator shall pay any compensation payable
to such Person from its own funds and none of the Issuer, the Owner Trustee,
the Indenture Trustee, the Noteholders or the Certificateholders shall have
any liability to such Person with respect thereto. Without limitation of the
foregoing, the Servicer shall be responsible for compliance by any such Person
with all applicable laws, rules or regulations. Any agreement that may be
entered into by the Administrator and a Person that provides for any
delegation of the Administrator's duties hereunder to such Person shall be
deemed to be between the Administrator and such Person alone, and the Issuer,
the Owner Trustee, the Indenture Trustee and Holders shall not be deemed
parties thereto and shall have no claims, rights, obligations, duties or
liabilities with respect thereto.

     9. Action upon Termination, Resignation or Removal. Promptly upon the
effective date of termination of this Agreement pursuant to Section 8(a) or
the resignation or removal of the Administrator pursuant to Section 8(b) or
(c), respectively, the Administrator shall be entitled to be paid all fees and
reimbursable expenses accruing to it to the date of such termination,
resignation or removal. The Administrator shall forthwith upon such
termination pursuant to Section 8(a) deliver to the Issuer all property and
documents of or relating to the Collateral then in the custody of the
Administrator. In the event of the resignation or removal of the Administrator
pursuant to Section 8(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.

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

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

                Fifth Third Auto Trust 2004-A
                c/o Wilmington Trust Company
                Rodney Square North
                1100 North Market Street
                Wilmington, Delaware 19890-0001
                Attention: Corporate Trust Administration

          (ii)  if to the Administrator, to:

                Fifth Third Bank
                38 Fountain Square
                Cincinnati, Ohio 45263

                Attention: Chris Marshall (MD 1090QA)

          (iii) if to the Indenture Trustee, to:

                The  Bank of New York

                                      10
<PAGE>

                101 Barclay Street, 8 West
                New York, New York 10286
                Attention: Asset Backed Securities Unit

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.

     11. Amendments.

     (a) Any term or provision of this Agreement may be amended in writing by
the Administrator, the Issuer and the Indenture Trustee with the prior written
consent of the Owner Trustee (whose consent shall not be unreasonably
withheld) and the Depositor (whose consent shall not be unreasonably withheld)
but without the consent of any Noteholder, any Certificateholder or any other
Person; provided that such amendment shall not, as evidenced by an Opinion of
Counsel delivered to the Indenture Trustee and to that effect, materially and
adversely affect the interests of the Noteholders. An amendment shall be
deemed not to materially and adversely affect the interests of the Noteholders
and no Opinion of Counsel to that effect shall be required if the Rating
Agency Condition is satisfied with respect to such amendment.

     (b) Any term or provision of this Agreement may be amended in writing by
the Administrator with the prior written consent of the Depositor (which shall
not be unreasonably withheld) but without the consent of the Indenture
Trustee, any Noteholder, the Issuer, the Owner Trustee (subject to Section
11(e) below) or any other Person to add, modify or eliminate any provisions as
may be necessary or advisable in order to enable the Administrator, the
Seller, the Servicer or any of their Affiliates to comply with or obtain more
favorable treatment under any law or regulation or any accounting rule or
principle, it being a condition to any such amendment that the Rating Agency
Condition shall have been satisfied.

     (c) Any term or provision of this Agreement may also be amended in
writing by the Issuer, the Administrator and the Indenture Trustee, with the
prior written consent of the Owner Trustee (whose consent shall not be
unreasonably withheld) and the Depositor (whose consent shall not be
unreasonably withheld), with the prior written consent of Holders of Notes
evidencing at least a majority of the Outstanding Amount of the Note Balance
and Holders of Certificates evidencing at least a majority of the Percentage
Interests in the Certificates (excluding, for purposes of this Section 11,
Notes or Certificates held by the Seller or any of its Affiliates), for the
purpose of adding any provisions to or changing in any manner or eliminating
any of the provisions of this Agreement or of modifying in any manner the
rights of the Noteholders or the Certificateholders; provided, however, that
no such amendment shall (i) reduce the percentage of the Outstanding Amount of
the Note Balance, the Holders of which are required to consent to any matter
without the consent of the Holders of at least the percentage of the
Outstanding Amount of the Note Balance that were required to consent to such
matter before giving effect to such amendment or (ii) reduce the percentage of
the interests in the Certificates, the Holders of which are required to
consent to any matter without the consent of the Holders of at least the
percentage of the interests in the Certificates that were required to consent
to such matter before giving effect to such amendment.

                                      11
<PAGE>

     It will not be necessary for the consent of Noteholders 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 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 such amendment, the Administrator shall
provide written notification of the substance of such amendment to each Rating
Agency, the Depositor and the Owner Trustee; and promptly after the execution
of any such amendment or consent, the Administrator shall furnish a copy of
such amendment or consent to each Rating Agency, the Depositor, the Owner
Trustee and the Indenture Trustee.

     (e) Prior to the execution of any amendment to this Agreement, the
Issuer, 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,
duties or obligations under this Agreement, the Basic Documents or otherwise
or the Administrator's duties and obligations under Section 1 of this
Agreement, without the prior written consent of the Owner Trustee, nor shall
any amendment under Section 11(b) be effective which adversely affects the
rights, protections or duties of the Indenture Trustee under this Agreement,
without the prior written consent of the Indenture Trustee.

     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 or the Owner Trustee to a corporation or other
organization that is a successor (by merger, consolidation or purchase of
assets) to the Administrator; provided that such successor organization
executes and delivers to the Issuer, the Owner Trustee and the Indenture
Trustee an agreement in which such corporation or other organization agrees to
be bound hereunder by the terms of said assignment in the same manner as the
Administrator is bound hereunder and represents that it has the financial
ability to satisfy its indemnification obligations hereunder. Subject to the
foregoing, this Agreement shall bind any successors or assigns of the parties
hereto.

                                      12
<PAGE>

     13. GOVERNING LAW.

     (a) THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS THAT
WOULD APPLY THE LAW OF ANY JURISDICTION OTHER THAN THE STATE OF NEW YORK, AND
THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES UNDER THIS AGREEMENT SHALL
BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

     (b) Each of the parties hereto hereby irrevocably and unconditionally:

          (i) 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;

          (ii) 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;

          (iii) 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 10 of this Agreement; and

          (iv) 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.

     14. 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.

     15. Counterparts. This Agreement may be executed in counterparts, each of
which when so executed shall be an original, but all of which together shall
constitute but one and the same agreement.

     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.

     17. Third-Party Beneficiary. The Seller, the Depositor and the Owner
Trustee are third-party beneficiaries to this Agreement and are entitled to
the rights and benefits hereunder and may enforce the provisions hereof as if
each were a party hereto. Nothing in this

                                      13
<PAGE>

Agreement, express or implied, shall give to any other Person other than the
parties hereto and their successors hereunder any benefit or any legal or
equitable right, remedy or claim under this Agreement.

     18. Nonpetition Covenants. Notwithstanding any prior termination of this
Agreement, the parties hereto shall not, prior to the date that is one year
and one day after payment in full of all obligations under each Financing with
respect to each Bankruptcy Remote Party, acquiesce, petition or otherwise
invoke or cause any Bankruptcy Remote Party to invoke the process of any court
or government authority for the purpose of commencing or sustaining a case
against such Bankruptcy Remote Party under any federal or state bankruptcy,
insolvency or similar law, or appointing a receiver, liquidator, assignee,
trustee, custodian, sequestrator or other similar official of such Bankruptcy
Remote Party or any substantial part of its property, or ordering the winding
up or liquidation of the affairs of such Bankruptcy Remote Party.

     19. Limitation of Liability of Owner Trustee and Indenture Trustee.
Notwithstanding anything contained herein to the contrary, this Agreement has
been countersigned by Wilmington Trust Company not in its individual capacity
but solely in its capacity as Owner Trustee of the Issuer and in no event
shall Wilmington Trust Company in its individual capacity or, except as
expressly provided in the Trust Agreement, as Owner Trustee of the Issuer have
any liability for the representations, warranties, covenants, agreements or
other obligations of the Issuer hereunder or in any of the certificates,
notices or agreements delivered pursuant hereto, as to all of which recourse
shall be had solely to the assets of the Issuer in accordance with the
priorities set forth herein. For all purposes of this Agreement, in the
performance of its duties or obligations hereunder or in the performance of
any duties or obligations of the Issuer hereunder, the Owner Trustee shall be
subject to, and entitled to the benefits of, the terms and provisions of
Articles VI, VII and VIII of the Trust Agreement. Notwithstanding anything
contained herein to the contrary, this Agreement has been countersigned by the
Indenture Trustee solely as Indenture Trustee and in no event shall the
Indenture Trustee have any liability for the representations, warranties,
covenants, agreements or other obligations of the Issuer hereunder or in any
of the certificates, notices or agreements delivered pursuant hereto, as to
all of which recourse shall be had solely to the assets of the Issuer.

                           [Signature page follows.]

                                      14
<PAGE>

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

                      FIFTH THIRD AUTO TRUST 2004-A

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

                      By:  /s/ Joann A. Rozell
                          ----------------------------------------------------
                          Name:  Joann A. Rozell
                          Title: Financial Services Officer

                      THE BANK OF NEW YORK,
                       not in its individual capacity but solely as
                       Indenture Trustee

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

                      FIFTH THIRD BANK, an Ohio banking corporation,
                       as Administrator

                      By:  /s/ R. Christopher Marshall
                          ----------------------------------------------------
                          Name:  R. Christopher Marshall
                          Title: Vice President

<PAGE>

                                                                     EXHIBIT A

                               POWER OF ATTORNEY

STATE OF NEW YORK    }
                     }
COUNTY OF NEW YORK   }

     KNOW ALL MEN BY THESE PRESENTS, that Wilmington Trust Company, a Delaware
banking corporation, not in its individual capacity but solely as owner
trustee (the "Owner Trustee") for Fifth Third Auto Trust 2004-A (the "Trust"),
does hereby make, constitute and appoint Fifth Third Bank, an Ohio banking
corporation, as administrator (the "Administrator") under the Administration
Agreement dated June 1, 2004 (the "Administration Agreement"), among the
Trust, the Administrator and The Bank of New York, as Indenture Trustee, as
the same may be amended from time to time, and its agents and attorneys, as
Attorneys-in-Fact to execute on behalf of the Owner Trustee or the Trust all
such documents, reports, filings, instruments, certificates and opinions as it
should be the duty of the Owner Trustee or the Trust to prepare, file or
deliver pursuant to the Basic Documents, or pursuant to Section 5.05(a), (b),
(c) or (d) or Section 5.06(a) of the Trust Agreement, including, without
limitation, to appear for and represent the Owner Trustee and the Trust in
connection with the preparation, filing and audit of federal, state and local
tax returns pertaining to the Trust, and with full power to perform any and
all acts associated with such returns and audits that the Owner Trustee could
perform, including without limitation, the right to distribute and receive
confidential information, defend and assert positions in response to audits,
initiate and defend litigation, and to execute waivers of restrictions on
assessments of deficiencies, consents to the extension of any statutory or
regulatory time limit, and settlements.

     All powers of attorney for this purpose heretofore filed or executed by
the Owner Trustee are hereby revoked.

     Capitalized terms that are used and not otherwise defined herein shall
have the meanings ascribed thereto in the Administration Agreement.

     EXECUTED this ____ day of ____________, 200_.

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

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

                                     A-1

<PAGE>

STATE OF ___________    }
                        }
COUNTY OF _________     }

     Before me, the undersigned authority, on this day personally appeared
_______________________, known to me to be the person whose name is subscribed
to the foregoing instrument, and acknowledged to me that s/he signed the same
for the purposes and considerations therein expressed.

Sworn to before me this ___
day of _______, 200__.

__________________________________________

Notary Public - State of ____________

                                     A-2

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