Document:

Exhibit 4.2

                                                                 EXECUTION COPY

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

                             AMENDED AND RESTATED

                                TRUST AGREEMENT

                                     among

               DAIMLERCHRYSLER FINANCIAL SERVICES AMERICAS LLC,
                                 as Depositor,

                    DAIMLERCHRYSLER RETAIL RECEIVABLES LLC

                                      and

                     DEUTSCHE BANK TRUST COMPANY DELAWARE,
                               as Owner Trustee

                         Dated as of December 1, 2006

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

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<TABLE>
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                                                  Table of Contents
                                                                                                               Page
                                                      ARTICLE I

                                                     Definitions

<S>                   <C>                                                                                        <C>
SECTION 1.01.         Capitalized Terms...........................................................................1
SECTION 1.02.         Other Definitional Provisions...............................................................4

                                                     ARTICLE II

                                                    Organization

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

                                                     ARTICLE III

                                       Certificates and Transfer of Interests

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

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                                                     ARTICLE IV

                                              Actions by Owner Trustee

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

                                                      ARTICLE V

                                     Application of Trust Funds; Certain Duties

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

                                                     ARTICLE VI

                                        Authority and Duties of Owner Trustee

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

                                                     ARTICLE VII

                                              Concerning Owner Trustee

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

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                                                    ARTICLE VIII

                                            Compensation of Owner Trustee

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

                                                     ARTICLE IX

                                           Termination of Trust Agreement

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

                                                      ARTICLE X

                               Successor Owner Trustees and Additional Owner Trustees

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

                                                     ARTICLE XI

                                                    Miscellaneous

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

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                                                      EXHIBITS

EXHIBIT A             Form of Certificate.......................................................................A-1
EXHIBIT B             Certificate of Trust of DaimlerChrysler Auto Trust 2006-D.................................B-1
EXHIBIT C             Form of Transferor Certificate............................................................C-1
EXHIBIT D             Form of Investment Letter.................................................................D-1
EXHIBIT E             Form of Rule 144A Letter..................................................................E-1
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      AMENDED AND RESTATED TRUST AGREEMENT dated as of December 1, 2006, among
      DAIMLERCHRYSLER FINANCIAL SERVICES AMERICAS LLC, a Michigan limited
      liability company, as depositor (the "Depositor"), DAIMLERCHRYSLER
      RETAIL RECEIVABLES LLC (the "Company"), a Michigan limited liability
      company, and DEUTSCHE BANK TRUST COMPANY DELAWARE, a Delaware banking
      corporation, as owner trustee.

      WHEREAS, the Owner Trustee and the Company entered into a Trust
Agreement dated December 6, 2005 (the "Trust Agreement") for the purpose of
forming DaimlerChrysler Auto Trust 2006-D;

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

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

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

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

                                   ARTICLE I

                                  Definitions

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

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

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

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

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

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

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

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

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

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

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

      "Corporate Trust Office" shall mean, with respect to the Owner Trustee,
the principal corporate trust office of the Owner Trustee located at c/o
Deutsche Bank Trust Company Delaware, 1011 Centre Road, Suite 200, Wilmington,
Delaware, 19805-1266, Attention: Corporate Trust and Agency Services Group, or
at such other address as the Owner Trustee may designate by notice to the
Owners, the Depositor and the Company, or the principal corporate trust office
of any successor Owner Trustee at the address designated by such successor
Owner Trustee by notice to the Owners, the Depositor and the Company.

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

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

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

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

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

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

      "Indenture" shall mean the Indenture dated as of December 1, 2006
between the Trust and Citibank, N.A., as Indenture Trustee.

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

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

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      "Owner" shall mean each Holder of a Certificate.

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

      "Owner Trustee" shall mean Deutsche Bank Trust Company Delaware, a
Delaware banking corporation, not in its individual capacity but solely as
owner trustee under this Agreement, and any successor Owner Trustee hereunder.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

                                  ARTICLE II.

                                 Organization

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

                                 ARTICLE III

                    Certificates and Transfer of Interests

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

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

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

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

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

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

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

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

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

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

                                      9
<PAGE>

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

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

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

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

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

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

                                      10
<PAGE>

may be served. The Owner Trustee initially designates Deutsche Bank Trust
Company Americas, 60 Wall Street, New York, New York 10005 as its office for
such purposes. The Owner Trustee shall give prompt written notice to the
Company and to the Certificateholders of any change in the location of the
Certificate Register or any such office or agency.

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

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

                                  ARTICLE IV

                           Actions by Owner Trustee

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

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

                                      11
<PAGE>

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

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

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

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

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

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

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

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

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

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

                                      12
<PAGE>

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

                                  ARTICLE V

                  Application of Trust Funds; Certain Duties

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

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

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

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

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

                                      13
<PAGE>

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

                                  ARTICLE VI

                     Authority and Duties of Owner Trustee

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

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

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

                                      14
<PAGE>

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

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

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

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

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

                                      15
<PAGE>

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

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

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

                                 ARTICLE VII

                           Concerning Owner Trustee

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

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

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

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

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

                                      16
<PAGE>

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

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

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

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

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

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

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

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

                                      17
<PAGE>

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

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

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

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

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

                                      18
<PAGE>

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

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

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

                                 ARTICLE VIII

                         Compensation of Owner Trustee

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

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

                                      19
<PAGE>

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

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

                                  ARTICLE IX

                        Termination of Trust Agreement

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

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

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

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

                                      20
<PAGE>

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

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

                                  ARTICLE X

            Successor Owner Trustees and Additional Owner Trustees

      SECTION 10.01. Eligibility Requirements for Owner Trustee. The Owner
Trustee shall at all times be a corporation satisfying the provisions of
Section 3807(a) of the Statutory Trust Statute; authorized to exercise
corporate trust powers; having a combined capital and surplus of at least
$50,000,000 and subject to supervision or examination by federal or state
authorities; and having (or having a parent that has) time deposits that are
rated at least "F1" by Fitch and "A-1" by Standard & Poor's. If such
corporation shall publish reports of condition at least annually pursuant to
law or to the requirements of the aforesaid supervising or examining
authority, then for the purpose of this Section, the combined capital and
surplus of such corporation shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so published. In
case at any time the Owner Trustee shall cease to be eligible in accordance
with the provisions of this Section, the Owner Trustee shall resign
immediately in the manner and with the effect specified in Section 10.02.

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

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

                                      21
<PAGE>

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

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

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

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

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

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

                                      22
<PAGE>

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

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

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

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

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

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

                                      23
<PAGE>

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

                                  ARTICLE XI

                                 Miscellaneous

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

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

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

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

                                      24
<PAGE>

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

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

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

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

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

      SECTION 11.04. Notices. (a) Unless otherwise expressly specified or
permitted by the terms hereof, all notices shall be in writing and shall be
deemed given upon receipt by the intended recipient or three Business Days
after mailing if mailed by certified mail, postage prepaid (except that notice
to the Owner Trustee shall be deemed given only upon actual receipt by the
Owner Trustee), if to the Owner Trustee, addressed to the Corporate Trust
Office, with a copy to Deutsche Bank Trust Company Americas, 60 Wall Street,
26th Floor, Mail Stop NYC60-2606, New York, New York 10005; if to the
Depositor, addressed to DaimlerChrysler Financial Services Americas LLC, 27777
Inkster Road, Farmington Hills, Michigan 48334, Attention of Assistant
Secretary; if to the Company, addressed to DaimlerChrysler Retail Receivables
LLC, 27777 Inkster Road, Farmington Hills, Michigan 48334, Attention of
Assistant Secretary; or, as to each party, at such other address as shall be
designated by such party in a written notice to each other party.

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

                                      25
<PAGE>

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

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

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

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

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

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

                                      26
<PAGE>

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

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

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

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

                                      27
<PAGE>

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

                             DAIMLERCHRYSLER FINANCIAL SERVICES
                             AMERICAS LLC,
                                as Depositor

                             By: /s/ D. Smidt
                                ---------------------------------
                                 Name:  D. Smidt
                                 Title: Assistant Controller

                             DAIMLERCHRYSLER RETAIL RECEIVABLES LLC

                             By:   Chrysler Financial Receivables Corporation,
                                   as a Member

                             By: /s/ D. Smidt
                                 -------------------------------
                                 Name:  D. Smidt
                                 Title: Assistant Controller

                             DEUTSCHE BANK TRUST COMPANY DELAWARE,
                             as Owner Trustee

                             By: /s/ J. Bruce Herd
                                 ------------------------------
                                 Name:  Bruce Herd
                                 Title: Vice President

                                      28
<PAGE>

                             Acknowledged and accepted

                             DEUTSCHE BANK TRUST COMPANY AMERICAS,
                               as Authenticating Agent and Registrar

                             By: /s/ Susan Barstock
                                 ------------------------------
                                 Name:  Susan Barstock
                                 Title: Vice President

                             By: /s/ Peter T. Becker
                                 -----------------------------
                                 Name:  Peter T. Becker
                                 Title: Vice President

                                      29
<PAGE>

                                                                      EXHIBIT A

                              Form of Certificate

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

No. R-1                                              Percentage Interest: ____%

                       DAIMLERCHRYSLER AUTO TRUST 2006-D

                                  CERTIFICATE

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

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

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

                                    A-1-1
<PAGE>

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

      This Certificate is one of the duly authorized class of certificates
(herein called the "Certificates"). Also issued under an Indenture dated as of
December 1, 2006 (the "Indenture"), between the Trust and Citibank, N.A., as
indenture trustee, are the five classes of Notes designated as "Class A-1
5.32938% Asset Backed Notes," "Class A-2 5.19% Asset Backed Notes," "Class A-3
4.98% Asset Backed Notes", "Class A-4 4.94% Asset Backed Notes" and "Class B
5.01% Asset Backed Notes" (collectively, the "Notes"). This Certificate is
issued under and is subject to the terms, provisions and conditions of the
Trust Agreement, to which Trust Agreement the Holder of this Certificate by
virtue of its acceptance hereof assents and by which such Holder is bound. The
property of the Trust consists of a pool of retail installment sale contracts
for new and used automobiles and light duty trucks (collectively, the
"Receivables"), all monies received after November 13, 2006, security
interests in the vehicles financed thereby, certain bank accounts and the
proceeds thereof, proceeds from claims on certain insurance policies and
certain other rights under the Trust Agreement and the Sale and Servicing
Agreement and all proceeds of the foregoing.

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

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

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

                                    A-1-2
<PAGE>

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

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

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

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

                                    A-1-3
<PAGE>

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

                             DAIMLERCHRYSLER AUTO TRUST 2006-D

                             by:  DEUTSCHE BANK TRUST COMPANY
                                  DELAWARE, not in its individual capacity but
                                  solely as Owner Trustee

Dated:  __________________   by:______________________________________________
                                            Authorized Signatory

                 OWNER TRUSTEE'S CERTIFICATE OF AUTHENTICATION

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

DEUTSCHE BANK TRUST COMPANY       DEUTSCHE BANK TRUST COMPANY
DELAWARE, as Owner Trustee   Or   DELAWARE,
                                  as Owner Trustee

                                  by: DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      as Authenticating Agent

by:________________________       by: _________________________________________
    Authorized Signatory                    Authorized Signatory

                                  by: _________________________________________
                                            Authorized Signatory

                                    A-1-4
<PAGE>

                           [REVERSE OF CERTIFICATE]

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

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

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

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

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

                                    A-1-5
<PAGE>

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

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

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

                                    A-1-6
<PAGE>

                                  ASSIGNMENT

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

PLEASE INSERT SOCIAL SECURITY OR
OTHER IDENTIFYING NUMBER OF ASSIGNEE

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

      the within Certificate, and all rights thereunder, and hereby
irrevocably constitutes and appoints ___________________________, attorney, to
transfer said Certificate on the books of the Certificate Registrar, with full
power of substitution in the premises.

Dated:                               ________________________________________*/
                                                         Signature Guaranteed:

                                                  ____________________________*/

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

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

                                    A-1-7

<PAGE>

                                                                      EXHIBIT B

                             CERTIFICATE OF TRUST
                                      OF
                       DAIMLERCHRYSLER AUTO TRUST 2006-D

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

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

            2. Delaware Trustee. The name and business address of the trustee
of the Trust in the State of Delaware is Deutsche Bank Trust Company Delaware,
E.A. Delle Donne Corporate Center, Montgomery Building, 1011 Centre Road,
Suite 200, Wilmington, Delaware 19805-1266.

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

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

                               DEUTSCHE BANK TRUST COMPANY
                               DELAWARE, not in its individual capacity but
                               solely as trustee

                               By:   /s/ Elizabeth B. Ferry
                                     -------------------------------------
                                     Name:  Elizabeth B. Ferry
                                     Title:  Assistant Vice President

                                     B-1
<PAGE>

                                                                      EXHIBIT C

                        FORM OF TRANSFEROR CERTIFICATE

                 [DATE]

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

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

Ladies and Gentlemen:

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

                                    Very truly yours,

                                    [NAME OF TRANSFEROR]

                                      By: --------------------------------
                                          Authorized Officer

                                     C-1

<PAGE>

                                                                      EXHIBIT D

                           FORM OF INVESTMENT LETTER

                 [DATE]

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

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

Ladies and Gentlemen:

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

                                    Very truly yours,

                                    [NAME OF TRANSFEREE]

                                      By: --------------------------------
                                          Authorized Officer

                                     D-1

<PAGE>

                                                                     EXHIBIT E

                           FORM OF RULE 144A LETTER

                 [DATE]

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

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

Ladies and Gentlemen:

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

                                    Very truly yours,

                                    [NAME OF TRANSFEREE]

                                      By: --------------------------------
                                          Authorized Officer

                                     E-1EXHIBIT 10.1
                                                                EXECUTION COPY

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

                         SALE AND SERVICING AGREEMENT

                                    between

                       DAIMLERCHRYSLER AUTO TRUST 2006-D
                                    Issuer,

                                      and

               DAIMLERCHRYSLER FINANCIAL SERVICES AMERICAS LLC,
                              Seller and Servicer

                         Dated as of December 1, 2006

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

<PAGE>

                                   ARTICLE I

                                  Definitions

<TABLE>
<CAPTION>
<S>     <C>                                                                                                      <C>
Section 1.01          Definitions.................................................................................1
Section 1.02          Other Definitional Provisions..............................................................15

                                  ARTICLE II

                           Conveyance of Receivables

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

                                  ARTICLE III

                                The Receivables

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

                                  ARTICLE IV

                  Administration and Servicing of Receivables

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

                                      i

<PAGE>

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

                                   ARTICLE V

                 Distributions; Reserve Account; Statements to Certificateholders and Noteholders

Section 5.01          Establishment of Deposit Account...........................................................29
Section 5.02          Collections................................................................................31
Section 5.03          Application of Collections.................................................................32
Section 5.04          Additional Deposits........................................................................32
Section 5.05          Distributions..............................................................................33
Section 5.06          Reserve Account............................................................................34
Section 5.07          Statements to Noteholders and Certificateholders...........................................35
Section 5.08          Net Deposits...............................................................................35

                                  ARTICLE VI

                                  The Seller

Section 6.01          Representations of Seller..................................................................36
Section 6.02          Preservation of Existence..................................................................37
Section 6.03          Liability of Seller; Indemnities...........................................................37
Section 6.04          Merger or Consolidation of, or Assumption of Obligations of, Seller........................38
Section 6.05          Limitation on Liability of Seller and Others...............................................39
Section 6.06          Seller May Own Notes.......................................................................39

                                  ARTICLE VII

                                 The Servicer

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

                                 ARTICLE VIII

                                    Default

Section 8.01          Servicer Default...........................................................................43
Section 8.02          Appointment of Successor...................................................................44
Section 8.03          Notification to Noteholders and Certificateholders.........................................44

<PAGE>

                                      ii

Section 8.04          Waiver of Past Defaults....................................................................45

                                  ARTICLE IX

                                  Termination

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

                                   ARTICLE X

                                 Miscellaneous

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

                                  ARTICLE XI

                            Exchange Act Reporting

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

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

                                     iii

<PAGE>

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

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

</TABLE>

                                      iv

<PAGE>

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

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

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

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

                                   ARTICLE I

                                  Definitions

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

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

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

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

<PAGE>

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

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

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

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

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

      "Class A-1 Final Scheduled Payment Date" means December 10, 2007.

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

      "Class A-2 Final Scheduled Payment Date" means August 10, 2009.

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

      "Class A-3 Final Scheduled Payment Date" means February 8, 2011.

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

      "Class A-4 Final Scheduled Payment Date" means February 8, 2012.

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

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

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

      "Collection Period" means a calendar month (or in the case of the first
Collection Period, the period from but excluding November 13, 2006 to and
including December 31, 2006). The "related Collection Period" for a Payment
Date is the Collection Period ending immediately prior to such Payment Date.
Unless otherwise specified, any amount stated as of the last day of a
Collection Period or as of the first day of a Collection Period shall give
effect to the following calculations as determined as of the close of business
on such last day: (1) all applications of collections and (2) all
distributions to be made on the related Payment Date.

      "Commission" means the Securities and Exchange Commission.

                                      2
<PAGE>

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

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

      "Corporate Trust Office" means the principal office of the Indenture
Trustee at which at any particular time its corporate trust business shall be
administered, which office at the date of the execution of this Agreement is
located at 388 Greenwich Street, 14th Floor, New York, New York 10013,
Attention: Structured Finance Agency and Trust, DCAT 2006-D; or at such other
address as the Indenture Trustee may designate from time to time by notice to
the Noteholders and the Seller, or the principal corporate trust office of any
successor Indenture Trustee (of which address such successor Indenture Trustee
will notify the Noteholders and the Seller).

      "Cutoff Date" means November 13, 2006.

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

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

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

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

                                      3
<PAGE>

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

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

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

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

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

                                      4
<PAGE>

      "Eligible Institution" means (a) a depository institution organized
under the laws of the United States of America or any one of the states
thereof or the District of Columbia (or any domestic branch of a foreign
bank), which (i) has either (A) a long-term unsecured debt rating of "AAA" or
better by Standard & Poor's and Fitch or (B) a certificate of deposit rating
of "A-1+" by Standard & Poor's and "F1+" by Fitch, or any other long-term,
short-term or certificate of deposit rating acceptable to the Rating Agencies
and (ii) whose deposits are insured by the FDIC or (b) the corporate trust
department of the Indenture Trustee or the Owner Trustee. If so qualified, the
Indenture Trustee or the Owner Trustee may be considered an Eligible
Institution for the purposes of clause (a) of this definition.

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

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

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

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

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

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

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

                                      5
<PAGE>

            (g) repurchase obligations with respect to any security or whole
      loan, entered into with (i) a depository institution or trust company
      (acting as principal) described in clause (b) above (except that the
      rating referred to in the proviso in such clause (b) shall be "A-1" or
      higher in the case of Standard & Poor's) (such depository institution or
      trust company being referred to in this definition as a "financial
      institution"), (ii) a broker/dealer (acting as principal) registered as
      a broker or dealer under Section 15 of the Exchange Act (a
      "broker/dealer") the unsecured short-term debt obligations of which are
      rated at least "A-1" by Standard & Poor's and "F1" by Fitch at the time
      of entering into such repurchase obligation (a "rated broker/dealer"),
      (iii) an unrated broker/dealer (an "unrated broker/dealer"), acting as
      principal, that is a wholly-owned subsidiary of a non-bank holding
      company the unsecured short-term debt obligations of which are rated at
      least "A-1" by Standard & Poor's and "F1" by Fitch at the time of
      entering into such repurchase obligation (a "Rated Holding Company") or
      (iv) an unrated subsidiary (a "Guaranteed Counterparty"), acting as
      principal, that is a wholly-owned subsidiary of a direct or indirect
      parent Rated Holding Company, which guarantees such subsidiary's
      obligations under such repurchase agreement; provided that the following
      conditions are satisfied:

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

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

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

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

                                      6
<PAGE>

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

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

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

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

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

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

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

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

                        (vi) the Issuer or the Indenture Trustee shall have
                  provided prior written notice to Fitch of the proposed
                  investment in such repurchase obligation of a Guaranteed
                  Counterparty; and

                                      7
<PAGE>

                  (H) the repurchase obligation shall require that the
            repurchase obligation be overcollateralized and shall provide
            that, upon any failure to maintain such overcollateralization, the
            repurchase obligation shall become due and payable, and unless the
            repurchase obligation is satisfied immediately, the collateral
            subject to the repurchase agreement shall be liquidated and the
            proceeds applied to satisfy the unsatisfied portion of the
            repurchase obligation; or

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

      Notwithstanding anything to the contrary in clauses (b) through (g)
above, the Fitch short-term rating requirement applicable to an Eligible
Investment specified in any such clause shall be (x) at least "F1" if such
Eligible Investment matures in 30 days or less from the time of investment by
the Issuer or the Indenture Trustee, as the case may be, and (y) "F1+" if such
Eligible Investment matures more than 30 days from the time of investment by
the Issuer or the Indenture Trustee, as the case may be.

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

      "FDIC" means the Federal Deposit Insurance Corporation.

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

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

      "Fitch" means Fitch, Inc., or its successor.

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

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

      "Fixed Value Receivable" means any Contract listed on Schedule A (which
Schedule may be in the form of microfiche) that provides for amortization of
the loan over a series of fixed level payment monthly installments in
accordance with the simple interest method, but also requires a final payment
that is greater than the scheduled monthly payments and is due after payment
of such scheduled monthly payments and that may be made by (i) payment in full
in

                                      8
<PAGE>

cash of a fixed value amount, (ii) return of the Financed Vehicle to the
Servicer provided certain conditions are satisfied or (iii) refinancing the
final fixed value payment in accordance with specified conditions. No Fixed
Value Receivables will be transferred to the Trust.

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

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

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

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

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

      "Initial Overcollateralization Amount" means $26,921,895.93.

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

                                      9
<PAGE>

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

      "Issuer" means DaimlerChrysler Auto Trust 2006-D.

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

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

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

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

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

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

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

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

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

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

      "Original Pool Balance" means $1,650,000,619.11.

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

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

                                      10
<PAGE>

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

      "Payment Date" means, with respect to each Collection Period, the eighth
day of the following month or, if such day is not a Business Day, the
immediately following Business Day, commencing on January 8, 2007.

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

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

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

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

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

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

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

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

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

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

                                      11
<PAGE>

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

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

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

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

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

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

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

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

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

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

            (f) with respect to the Servicer only, if the Servicer becomes
      aware of any bankruptcy or receivership of the Seller, the Indenture
      Trustee, the Owner Trustee, an

                                      12
<PAGE>

      enhancement or support provider contemplated by Item 1114(b) or 1115 of
      Regulation AB, or other material party contemplated by Item 1101(d)(1)
      of Regulation AB.

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

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

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

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

      "Reserve Account Initial Deposit" means the initial deposit of cash and
Eligible Investments in the amount of $3,840,000 made by the Seller into the
Deposit Account on the Closing Date.

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

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

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

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

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

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

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

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

                                      13
<PAGE>

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

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

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

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

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

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

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

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

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

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

      Pi = the Original Pool Balance minus the initial YSOA

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

                                      14
<PAGE>

Collection Period and (d) Investment Earnings deposited in the Deposit Account
during such Collection Period.

      "Trust" means the Issuer.

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

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

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

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

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

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

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

      (d) The words "hereof", "herein", "hereunder" and words of similar
import when used in this Agreement shall refer to this Agreement as a whole
and not to any particular

                                      15
<PAGE>

provision of this Agreement; Article, Section, Schedule and Exhibit references
contained in this Agreement are references to Articles, Sections, Schedules
and Exhibits in or to this Agreement unless otherwise specified; and the term
"including" and its variants shall be deemed to be followed by "without
limitation".

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

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

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

                                  ARTICLE II

                           Conveyance of Receivables

      Section 2.01 Conveyance of Receivables. In consideration of the Issuer's
delivery to or upon the order of the Seller of $1,025,712,895.81 (which amount
represents the Original Pool Balance less (i) the Reserve Account Initial
Deposit, (ii) the Initial Overcollateralization Amount, (iii) the initial
YSOA, (iv) the Class A-1 Principal Balance and (v) certain other discounts and
expenses of the Issuer), the Seller does hereby sell, transfer, assign, set
over and otherwise convey to the Issuer, without recourse (subject to the
obligations of the Seller set forth herein), all right, title and interest of
the Seller in and to:

            (a) the Receivables and all moneys received thereon after November
      13, 2006;

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

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

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

                                      16
<PAGE>

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

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

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

            The Seller hereby directs the Issuer to issue the Certificates to
      the Company. The Seller and the Issuer acknowledge that $336,000,000 of
      the purchase price of the Receivables owed by the Issuer to the Seller
      pursuant to this Section 2.01 (which amount is not included in the first
      sentence of Section 2.01) shall be offset by the Issuer against delivery
      of the Class A-1 Notes to the order of the Seller.

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

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

            (i) such amendment and other agreements and instruments, in forms
      satisfactory to the Owner Trustee and, in the case of amendments or
      agreements to be executed and delivered by the Indenture

                                      17
<PAGE>

      Trustee, in forms satisfactory to the Indenture Trustee, shall have been
      executed by each other party thereto and delivered to the Owner Trustee
      or the Indenture Trustee as appropriate;

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

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

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

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

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

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

                                  ARTICLE III

                                The Receivables

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

            (a) Characteristics of Receivables. Each Standard Receivable and
      Fixed Value Receivable (A) was originated in the United States of
      America by a Dealer for the retail sale of a Financed Vehicle in the
      ordinary course of such Dealer's business, was fully and properly
      executed by the parties thereto, was purchased by the Seller from such
      Dealer under an existing dealer agreement, (B) has created or shall
      create a valid, subsisting and enforceable first priority security
      interest in favor of the Seller and is assignable by the Seller to the
      Issuer and by the Issuer to the Indenture Trustee,

                                      18
<PAGE>

      (C) contains customary and enforceable provisions such that the rights
      and remedies of the holder thereof are adequate for realization against
      the collateral of the benefits of the security, and (D) generally
      provides for level monthly payments (provided, that the payment in the
      first or last month in the life of the Standard Receivable or Fixed
      Value Receivable may be minimally different from the level payments and
      that the payment in the last month of a Fixed Value Receivable may be a
      Fixed Value Payment) that fully amortize the Amount Financed by maturity
      and yield interest at the Annual Percentage Rate. No Receivable conveyed
      to the Issuer on the Closing Date is an OMSC Receivable or has
      forced-placed physical damage insurance.

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

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

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

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

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

            (g) Receivables in Force. No Standard Receivable or Fixed Value
      Receivable has been satisfied, subordinated or rescinded, nor has any
      Financed Vehicle been released

                                      19
<PAGE>

      from the lien granted by the related Standard Receivable or Fixed Value
      Receivable in whole or in part.

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

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

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

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

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

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

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

                                      20
<PAGE>

      encumbrances, security interests and rights of others; and the transfer
      has been perfected under the UCC.

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

            (p) All Filings Made. All filings (including UCC filings)
      necessary in any jurisdiction to give the Issuer a first perfected
      ownership interest in the Standard Receivable and Fixed Value
      Receivables, and to give the Indenture Trustee a first perfected
      security interest therein, shall have been made.

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

            (r) Maturity of Receivables. Each Standard Receivable and Fixed
      Value Receivable has a final maturity date on or before November 12,
      2012.

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

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

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

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

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

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

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

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

                                      21
<PAGE>

            (aa) Financing. As of the Cutoff Date, approximately 89.28% of the
      aggregate principal balance of the Receivables, constituting
      approximately 83.62% of the number of Receivables, represents new
      vehicles; all of the Receivables are Simple Interest Receivables; and
      none of the Receivables are Fixed Value Receivables. The aggregate
      principal balance of the Receivables, as of the Cutoff Date is
      $1,650,000,619.11.

      Section 3.02 Repurchase upon Breach. The Seller, the Servicer or the
Owner Trustee, as the case may be, shall inform the other parties to this
Agreement and the Indenture Trustee promptly, in writing, upon the discovery
of any breach of the Seller's representations and warranties made pursuant to
Section 3.01 or 6.01. Unless any such breach shall have been cured by the last
day of the second Collection Period following the discovery thereof by the
Owner Trustee or receipt by the Owner Trustee of written notice from the
Seller or the Servicer of such breach, the Seller shall be obligated to
repurchase any Receivable materially and adversely affected by any such breach
as of such last day (or, at the Seller's option, the last day of the first
Collection Period following the discovery). In consideration of the repurchase
of any such Receivable, the Seller shall remit the Purchase Amount, in the
manner specified in Section 5.04. Subject to the provisions of Section 6.03,
the sole remedy of the Issuer, the Owner Trustee, the Indenture Trustee, the
Noteholders or the Certificateholders with respect to a breach of
representations and warranties pursuant to Section 3.01 and the agreement
contained in this Section shall be to require the Seller to repurchase
Receivables pursuant to this Section, subject to the conditions contained
herein.

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

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

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

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

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

      Section 3.04 Duties of Servicer as Custodian. (a) Safekeeping. The
Servicer shall hold the Receivable Files as custodian for the benefit of the
Issuer and maintain such accurate and complete accounts, records and computer
systems pertaining to each Receivable File as shall enable the Issuer to
comply with this Agreement. In performing its duties as custodian the Servicer
shall act with reasonable care, using that degree of skill and attention that
the Servicer

                                      22
<PAGE>

exercises with respect to the receivable files relating to all comparable
automotive receivables that the Servicer services for itself or others. The
Servicer shall conduct, or cause to be conducted, periodic audits of the
Receivable Files held by it under this Agreement and of the related accounts,
records and computer systems, in such a manner as shall enable the Issuer or
the Indenture Trustee to verify the accuracy of the Servicer's record keeping.
The Servicer shall promptly report to the Issuer and the Indenture Trustee any
failure on its part to hold the Receivable Files and maintain its accounts,
records and computer systems as herein provided and shall promptly take
appropriate action to remedy any such failure. Nothing herein shall be deemed
to require an initial review or any periodic review by the Issuer or the
Indenture Trustee of the Receivable Files.

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

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

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

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

      Section 3.07 Effective Period and Termination. The Servicer's
appointment as custodian shall become effective as of the Cutoff Date and
shall continue in full force and effect until terminated pursuant to this
Section. If DCFS shall resign as Servicer in accordance with the provisions of
this Agreement or if all of the rights and obligations of any Servicer shall
have

                                      23
<PAGE>

been terminated under Section 8.01, the appointment of such Servicer as
custodian shall be terminated by the Indenture Trustee or by the Holders of
Notes evidencing not less than 25% of the Outstanding Amount of the Notes or,
with the consent of Holders of the Notes evidencing not less than 25% of the
Outstanding Amount of the Notes, by the Owner Trustee, in the same manner as
the Indenture Trustee or such Holders may terminate the rights and obligations
of the Servicer under Section 8.01. The Indenture Trustee or, with the consent
of the Indenture Trustee, the Owner Trustee may terminate the Servicer's
appointment as custodian, with cause, at any time upon written notification to
the Servicer and, without cause, upon 30 days' prior written notification to
the Servicer. As soon as practicable after any termination of such
appointment, the Servicer shall deliver the Receivable Files to the Indenture
Trustee or the Indenture Trustee's agent at such place or places as the
Indenture Trustee may reasonably designate.

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

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

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

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

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

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

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

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<PAGE>

                                  ARTICLE IV

                  Administration and Servicing of Receivables

      Section 4.01 Duties of Servicer. The Servicer, for the benefit of the
Issuer (to the extent provided herein), shall manage, service, administer and
make collections on the Receivables (other than Purchased Receivables) with
reasonable care, using that degree of skill and attention that the Servicer
exercises with respect to all comparable automotive receivables that it
services for itself or others. The Servicer's duties shall include collection
and posting of all payments, responding to inquiries of Obligors on such
Receivables, investigating delinquencies, sending payment coupons to Obligors,
reporting tax information to Obligors, accounting for collections and
furnishing monthly and annual statements to the Owner Trustee and the
Indenture Trustee with respect to distributions. Subject to the provisions of
Section 4.02, the Servicer shall follow its customary standards, policies and
procedures in performing its duties as Servicer. Without limiting the
generality of the foregoing, the Servicer is authorized and empowered to
execute and deliver, on behalf of itself, the Issuer, the Owner Trustee, the
Indenture Trustee, the Certificateholders and the Noteholders or any of them,
any and all instruments of satisfaction or cancellation, or partial or full
release or discharge, and all other comparable instruments, with respect to
such Receivables or to the Financed Vehicles securing such Receivables. If the
Servicer shall commence a legal proceeding to enforce a Receivable, the Issuer
(in the case of a Receivable other than a Purchased Receivable) shall
thereupon be deemed to have automatically assigned, solely for the purpose of
collection, such Receivable to the Servicer. If in any enforcement suit or
legal proceeding it shall be held that the Servicer may not enforce a
Receivable on the ground that it shall not be a real party in interest or a
holder entitled to enforce such Receivable, the Owner Trustee shall, at the
Servicer's expense and direction, take steps to enforce such Receivable,
including bringing suit in its name or the name of the Owner Trustee, the
Indenture Trustee, the Certificateholders or the Noteholders. The Owner
Trustee shall upon the written request of the Servicer furnish the Servicer
with any powers of attorney and other documents reasonably necessary or
appropriate to enable the Servicer to carry out its servicing and
administrative duties hereunder.

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

                                      25
<PAGE>

      Section 4.03 Realization upon Receivables. On behalf of the Issuer, the
Servicer shall use its best efforts, consistent with its customary servicing
procedures, to repossess or otherwise convert the ownership of the Financed
Vehicle securing any Receivable as to which the Servicer shall have determined
eventual payment in full is unlikely. The Servicer shall follow such customary
and usual practices and procedures as it shall deem necessary or advisable in
its servicing of automotive receivables, which may include reasonable efforts
to realize upon any recourse to Dealers and selling the Financed Vehicle at
public or private sale. The foregoing shall be subject to the provision that,
in any case in which the Financed Vehicle shall have suffered damage, the
Servicer shall not expend funds in connection with the repair or the
repossession of such Financed Vehicle unless it shall determine in its
discretion that such repair and/or repossession will increase the Liquidation
Proceeds by an amount greater than the amount of such expenses.

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

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

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

      Section 4.07 Purchase of Receivables upon Breach. The Servicer or the
Owner Trustee shall inform the other party and the Indenture Trustee and the
Seller promptly, in writing, upon the discovery of any breach pursuant to
Section 4.02, 4.05 or 4.06. Unless the breach shall have been cured by the
last day of the second Collection Period following such discovery (or, at the
Servicer's election, the last day of the first following Collection Period),
the Servicer shall purchase any Receivable materially and adversely affected
by such breach as of such last day. If the Servicer takes any action during
any Collection Period pursuant to Section 4.02 that impairs the rights of the
Issuer, the Indenture Trustee, the Certificateholders or the Noteholders in
any Receivable or as otherwise provided in Section 4.02, the Servicer shall
purchase such Receivable as of the last day of such Collection Period. In
consideration of the purchase of any such Receivable pursuant to either of the
two preceding sentences, the Servicer shall remit the Purchase Amount in the
manner specified in Section 5.04. Subject to Section 7.02, the sole remedy of
the Issuer, the Owner Trustee, the Indenture Trustee, the Certificateholders
or the Noteholders with respect to a breach pursuant to Section 4.02, 4.05 or
4.06 shall be to require the

                                      26
<PAGE>

Servicer to purchase Receivables pursuant to this Section. The Owner Trustee
shall have no duty to conduct any affirmative investigation as to the
occurrence of any condition requiring the repurchase of any Receivable
pursuant to this Section.

      Section 4.08 Servicing Fee. The Servicing Fee for a Payment Date shall
equal the product of (a) the Servicing Fee Rate (or, in the case of the
initial Collection Period, the product of (i) a fraction, the numerator of
which is equal to the number of days (based on a 30-day month) elapsed from
and excluding the Cutoff Date through the last day of such initial Collection
Period and the denominator of which is 360 and (ii) 1.00%), and (b) the Pool
Balance as of the first day of the preceding Collection Period. The Servicer
shall also be entitled to all late fees, prepayment charges, and other
administrative fees or similar charges allowed by applicable law with respect
to the Receivables, collected (from whatever source) on the Receivables, plus
any reimbursement pursuant to the last paragraph of Section 7.02.

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

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

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

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

                                      27
<PAGE>

      effect. The Seller, the Servicer and each of their respective officers
      and directors shall be entitled to rely on each such servicing criteria
      assessment.

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

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

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

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

      Section 4.11 Annual Independent Certified Public Accountants' Report.
The Servicer shall cause a firm of independent certified public accountants,
who may also render other services to the Servicer or the Seller, to deliver
to the Owner Trustee and the Indenture Trustee on or before March 31 of each
year, beginning March 31, 2007, with respect to the prior calendar year (or
such shorter period in the case of the first such report) the attestation
report that would be required to be filed in respect of the Issuer under the
Exchange Act if periodic reports under Section 15(d) of the Exchange Act, or
any successor provision thereto, were required to be filed in respect of the
Trust. Such attestation shall be in accordance with Rules 1-02(a)(3) and
2-02(g) of Regulation S-X under the Securities Act and the Exchange Act,
including, without limitation

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<PAGE>

that in the event that an overall opinion cannot be expressed, such registered
public accounting firm shall state in such report why it was unable to express
such an opinion.

      Section 4.12 Access to Certain Documentation and Information Regarding
Receivables. The Servicer shall provide to the Certificateholders and
Noteholders access to the Receivable Files in such cases where the
Certificateholders or Noteholders shall be required by applicable statutes or
regulations to review such documentation. Access shall be afforded without
charge, but only upon reasonable request and during the normal business hours
at the offices of the Servicer. Nothing in this Section shall affect the
obligation of the Servicer to observe any applicable law prohibiting
disclosure of information regarding the Obligors and the failure of the
Servicer to provide access to information as a result of such obligation shall
not constitute a breach of this Section.

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

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

                                  ARTICLE V

                        Distributions; Reserve Account;
               Statements to Certificateholders and Noteholders

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

      (b) Funds on deposit in the Deposit Account shall be invested (1) by the
Indenture Trustee in Eligible Investments selected in writing by the Servicer
or an investment manager selected by the Servicer or (2) by an investment
manager in Eligible Investments selected by

                                      29
<PAGE>

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

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

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

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

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

                                      30
<PAGE>

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

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

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

      Section 5.02 Collections. Subject to the continued satisfaction of the
commingling conditions described below, the Servicer shall remit to the
Deposit Account all payments by or on behalf of the Obligors with respect to
the Receivables (other than Purchased Receivables and not including Fixed
Value Payments), all Liquidation Proceeds collected during the related
Collection Period, prior to 11:00 A.M. (New York time) on the related Payment
Date. Notwithstanding the foregoing, if any of the commingling conditions
ceases to be met, the Servicer shall remit to the Deposit Account all payments
by or on behalf of the Obligors with respect to the Receivables (other than
Purchased Receivables and not including Fixed Value Payments) and all
Liquidation Proceeds within two Business Days of receipt thereof. The
commingling conditions are as follows: (i) DCFS must be the Servicer, (ii) no
Servicer Default shall have occurred and be continuing and (iii) (x)
DaimlerChrysler North America Holding Corporation must maintain a short-term
rating of at least "A-1" by Standard & Poor's and "F-1" by Fitch or (y) if
daily remittances occur hereunder, prior to ceasing daily remittances, the
Rating Agency Condition shall have been satisfied (and any conditions or
limitations imposed by the Rating Agencies in connection therewith are
complied with). Notwithstanding anything herein to the contrary, so long as
DCFS is the Servicer, DCFS may withhold from the deposit into the Deposit
Account any amounts indicated on the related Servicer's Certificate as being
due and payable to DCFS or the Seller and pay such amounts directly to DCFS or
the Seller, as applicable. For purposes of this Article V, the phrase
"payments by or on behalf of Obligors" shall mean payments made with respect
to the Receivables by Persons other than the Servicer or the Seller. In the
event the commingling conditions cease to be met, the Servicer shall make
daily remittance of collections to the Deposit Account within two Business
Days of receipt thereof; provided, however, daily remittance may commence no
later than five Business Days following a reduction of DaimlerChrysler North
America Holding Corporation's short-term ratings below or "F1" by Fitch or
"A-1" by Standard & Poor's. In addition, if the Servicer is required to make
daily remittance of collections into the Deposit Account, the Servicer may
with respect to all interest payments by or on behalf of the Obligors with

                                      31
<PAGE>

respect to the Receivables (other than Purchased Receivables and not including
Fixed Value Payments): (i) calculate the amount of such interest payments
collected each day on the basis of the aggregate Principal Balance of the
Receivables (other than Purchased Receivables and not including Fixed Value
Payments) at the start of the applicable Collection Period, the weighted
average APR of such Receivables and the number of calendar days in that
Collection Period divided by 360 and (ii) deposit such calculated daily
interest amounts to the Deposit Account within the applicable time frame
required pursuant to this Section 5.02. In the event that the sum of the daily
interest amounts so calculated for a Collection Period exceeds the amount of
actual interest payments for that Collection Period, the Indenture Trustee
shall, at the written direction of the Servicer, release such excess to the
Servicer (or its designee). For the avoidance of doubt, the Servicer is not
required to calculate the amount of interest payments in the manner provided
in the two immediately preceding sentences and may, upon provision to the
Indenture Trustee of written notice thereof, change its procedures so that it
deposits the actual amount of interest payments made by or on behalf of the
Obligors with respect to the Receivables (other than Purchased Receivables and
not including Fixed Value Payments) into the Deposit Account within the
applicable time frame required pursuant to this Section 5.02.

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

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

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

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

                                      32
<PAGE>

      Section 5.05 Distributions.

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

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

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

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

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

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

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

                                      33
<PAGE>

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

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

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

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

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

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

      (b) [RESERVED]

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

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

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<PAGE>

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

      (d) Subject to Section 9.01, amounts will continue to be applied
pursuant to Section 5.05(a) following payment in full of the Outstanding
Amount of the Notes until the Pool Balance is reduced to zero. Following the
payment in full of the aggregate Outstanding Amount of the Notes and of all
other amounts owing or to be distributed hereunder or under the Indenture or
the Trust Agreement to Noteholders and Certificateholders and the termination
of the Trust, any amount then allocated to the Reserve Account shall be
distributed to the Company.

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

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

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

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

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

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

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

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

      Section 5.08 Net Deposits. As an administrative convenience, unless the
Servicer is required to remit collections daily, the Servicer will be
permitted to make the deposit of collections on the Receivables and Purchase
Amounts for the Collection Period net of distributions to be made to the
Servicer with respect to the Collection Period. The Servicer,

                                      35
<PAGE>

however, will account to the Owner Trustee, the Indenture Trustee, the
Noteholders and the Certificateholders as if all deposits, distributions and
transfers were made individually.

                                  ARTICLE VI

                                  The Seller

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

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

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

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

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

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

                                      36
<PAGE>

      court or of any federal or state regulatory body, administrative agency
      or other governmental instrumentality having jurisdiction over the
      Seller or its properties.

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

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

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

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

                  (b) The Seller shall indemnify, defend and hold harmless the
            Issuer, the Owner Trustee, the Indenture Trustee, the Company, the
            Certificateholders and the Noteholders and any of the officers,
            directors, employees and agents of the Issuer, the Owner Trustee
            and the Indenture Trustee from and against any loss, liability or
            expense

                                      37
<PAGE>

            incurred by reason of (i) the Seller's willful misfeasance, bad
            faith or negligence in the performance of its duties under this
            Agreement, or by reason of reckless disregard of its obligations
            and duties under this Agreement and (ii) the Seller's or the
            Issuer's violation of federal or state securities laws in
            connection with the offering and sale of the Notes and the
            Certificates.

                  (c) The Seller shall indemnify, defend and hold harmless the
            Owner Trustee and the Indenture Trustee and their respective
            officers, directors, employees and agents from and against all
            costs, expenses, losses, claims, damages and liabilities arising
            out of or incurred in connection with the acceptance or
            performance of the trusts and duties herein and in the Trust
            Agreement contained, in the case of the Owner Trustee, and in the
            Indenture contained, in the case of the Indenture Trustee, except
            to the extent that such cost, expense, loss, claim, damage or
            liability: (i) in the case of the Owner Trustee, shall be due to
            the willful misfeasance, bad faith or negligence (except for
            errors in judgment) of the Owner Trustee or, in the case of the
            Indenture Trustee, shall be due to the willful misfeasance, bad
            faith or negligence (except for errors in judgment) of the
            Indenture Trustee; or (ii) in the case of the Owner Trustee, shall
            arise from the breach by the Owner Trustee of any of its
            representations or warranties set forth in Section 7.03 of the
            Trust Agreement.

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

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

      Section 6.04 Merger or Consolidation of, or Assumption of Obligations
of, Seller. Any Person (a) into which the Seller may be merged or
consolidated, (b) which may result from any merger or consolidation to which
the Seller shall be a party or (c) which may succeed to the properties and
assets of the Seller substantially as a whole, which Person in any of the
foregoing cases executes an agreement of assumption to perform every
obligation of the Seller under this Agreement, shall be the successor to the
Seller hereunder without the execution or filing of any document or any
further act by any of the parties to this Agreement; provided, however, that
(i) immediately after giving effect to such transaction, no representation or
warranty made pursuant to Section 3.01 shall have been breached and no
Servicer Default, and no event that, after notice or lapse of time, or both,
would become a Servicer Default shall have occurred and be continuing, (ii)
the Seller shall have delivered to the Owner Trustee and the Indenture Trustee
an Officer's Certificate and an Opinion of Counsel each stating that such
consolidation, merger or succession and such agreement of assumption comply
with this Section and that all conditions precedent, if any, provided for in
this Agreement relating to such transaction have been complied with, (iii) the
Rating Agency Condition shall have been satisfied with respect to such
transaction and (iv) the Seller shall have delivered to the Owner Trustee and
the Indenture Trustee an

                                      38
<PAGE>

Opinion of Counsel either (A) stating that, in the opinion of such counsel,
all financing statements and continuation statements and amendments thereto
have been executed and filed that are necessary fully to preserve and protect
the interest of the Owner Trustee and Indenture Trustee, respectively, in the
Receivables and reciting the details of such filings, or (B) stating that, in
the opinion of such counsel, no such action shall be necessary to preserve and
protect such interests. Notwithstanding anything herein to the contrary, the
execution of the foregoing agreement of assumption and compliance with clauses
(i), (ii), (iii) and (iv) above shall be conditions to the consummation of the
transactions referred to in clauses (a), (b) or (c) above.

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

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

                                 ARTICLE VII

                                 The Servicer

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

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

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

                                      39
<PAGE>

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

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

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

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

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

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

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

                                      40
<PAGE>

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

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

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

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

                                      41
<PAGE>

the Receivables and reciting the details of such filings or (B) no such action
shall be necessary to preserve and protect such interests. Notwithstanding
anything herein to the contrary, the execution of the foregoing agreement of
assumption and compliance with clauses (i), (ii), (iii), (iv) and (v) above
shall be conditions to the consummation of the transactions referred to in
clause (a), (b) or (c) above. The Servicer shall provide the Seller in writing
such information as reasonably requested by the Seller to comply with its
Exchange Act reporting obligations with respect to a successor Servicer.

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

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

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

                                      42
<PAGE>

                                 ARTICLE VIII

                                    Default

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

            (a) any failure by the Servicer to deposit in the Deposit Account
      any required payment or to direct the Indenture Trustee to make any
      required distributions therefrom, which failure continues unremedied for
      a period of five Business Days after written notice of such failure is
      received by the Servicer from the Owner Trustee or the Indenture Trustee
      or after discovery of such failure by an officer of the Servicer; or

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

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

then, and in each and every case, so long as the Servicer Default shall not
have been remedied, either the Indenture Trustee or the Holders of Notes
evidencing not less than 25% of the Outstanding Amount of the Notes, by notice
then given in writing to the Servicer (and to the Indenture Trustee and the
Owner Trustee if given by the Noteholders) may terminate all the rights and
obligations (other than the obligations set forth in Section 7.02 hereof) of
the Servicer under this Agreement. On or after the receipt by the Servicer of
such written notice, all authority and power of the Servicer under this
Agreement, whether with respect to the Notes, the Receivables or otherwise,
shall, without further action, pass to and be vested in the Indenture Trustee
or such successor Servicer as may be appointed under Section 8.02; and,
without limitation, the Indenture Trustee and the Owner Trustee are hereby
authorized and empowered to execute and deliver, for the benefit of the
predecessor Servicer, as attorney-in-fact or otherwise, any and all documents
and other instruments, and to do or accomplish all other acts or things
necessary or appropriate to effect the purposes of such notice of termination,
whether to complete the transfer and endorsement of the Receivables and
related documents, or otherwise. The predecessor Servicer shall cooperate with
the successor Servicer, the Indenture Trustee and the Owner Trustee in
effecting the termination of the responsibilities and rights of the
predecessor Servicer under this Agreement, including the transfer to the
successor Servicer for

                                      43
<PAGE>

administration by it of all cash amounts that shall at the time be held by the
predecessor Servicer for deposit, or shall thereafter be received by it with
respect to any Receivable. All reasonable costs and expenses (including
attorneys' fees) incurred in connection with transferring the Receivable Files
to the successor Servicer and amending this Agreement to reflect such
succession as Servicer pursuant to this Section shall be paid by the
predecessor Servicer upon presentation of reasonable documentation of such
costs and expenses. Any successor Servicer (including the Indenture Trustee as
successor Servicer) shall provide the Seller in writing with such information
as is reasonably requested by the Seller to comply with its reporting
obligations under the Exchange Act with respect to such Servicer. Upon receipt
of notice of the occurrence of a Servicer Default, the Owner Trustee shall
give notice thereof to the Rating Agencies.

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

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

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

      Section 8.03 Notification to Noteholders and Certificateholders. Upon
any termination of, or appointment of a successor to, the Servicer pursuant to
this Article VIII, the Owner Trustee

                                      44
<PAGE>

shall give prompt written notice thereof to Certificateholders, and the
Indenture Trustee shall give prompt written notice thereof to Noteholders and
the Rating Agencies.

      Section 8.04 Waiver of Past Defaults. The Holders of Notes evidencing
not less than a majority of the Outstanding Amount of the Notes or, if the
Notes are no longer Outstanding, the Holders (as defined in the Trust
Agreement) of Certificates evidencing not less than a majority of the
Percentage Interests (as defined in the Trust Agreement) may, on behalf of all
Noteholders or the Holders of the Certificates, as the case may be, waive in
writing any default by the Servicer in the performance of its obligations
hereunder and its consequences, except a default in making any required
allocations or distributions from the Deposit Account in accordance with this
Agreement. Upon any such waiver of a past default, such default shall cease to
exist, and any Servicer Default arising therefrom shall be deemed to have been
remedied for every purpose of this Agreement. No such waiver shall extend to
any subsequent or other default or impair any right consequent thereto.

                                  ARTICLE IX

                                  Termination

      Section 9.01 Optional Purchase of All Receivables. (a) As of the last
day of any Collection Period as of which the then outstanding Pool Balance is
10% or less of the Original Pool Balance and the Class A-1 Notes, Class A-2
Notes and Class A-3 Notes have been paid in full or will be paid in full on
the next Payment Date, the Servicer shall have the option to purchase the
Owner Trust Estate, other than the Deposit Account. To exercise such option,
the Servicer shall deposit pursuant to Section 5.04 in the Deposit Account an
amount equal to the aggregate Purchase Amount for the Receivables (including
defaulted Receivables), plus the appraised value of any such other property
held by the Trust other than the Deposit Account, such value to be determined
by an appraiser mutually agreed upon by the Servicer, the Owner Trustee and
the Indenture Trustee, and shall succeed to all interests in and to the Trust.
Notwithstanding the foregoing, the Servicer shall not be permitted to exercise
such option unless the amount to be deposited in the Deposit Account pursuant
to the preceding sentence, together with any other funds in the Deposit
Account, is greater than or equal to the sum of the outstanding principal
amount of the Notes and all accrued but unpaid interest (including any overdue
interest and premium) thereon.

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

                                  ARTICLE X

                                 Miscellaneous

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

                                      45
<PAGE>

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

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

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

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

      It shall not be necessary for the consent of Certificateholders or
Noteholders pursuant to this Section to approve the particular form of any
proposed amendment or consent, but it shall be sufficient if such consent
shall approve the substance thereof.

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

      Section 10.02 Protection of Title to Trust. (a) The Seller shall file
such financing statements and cause to be filed such continuation statements,
all in such manner and in such places as may be required by law fully to
preserve, maintain and protect the interest of the Issuer

                                      46
<PAGE>

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

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

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

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

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

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

                                      47
<PAGE>

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

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

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

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

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

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

Each Opinion of Counsel referred to in clause (1) or (2) above shall specify
any action necessary (as of the date of such opinion) to be taken in the
following year to preserve and protect such interest.

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

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

                                      48
<PAGE>

Trust Office (as defined in the Trust Agreement), (c) in the case of the
Indenture Trustee, at the Corporate Trust Office, (d) in the case of Fitch, to
Fitch, Inc., One State Street Plaza, Attention: Auto ABS Group, New York, N.Y.
10004, Attention of Structured Finance Asset Backed Securities and (e) in the
case of Standard & Poor's, via electronic delivery to
Servicer_reports@sandp.com, or if not available in electronic format, to
Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies,
Inc., 55 Water Street, New York, New York 10004, Attention of Asset Backed
Surveillance Department; or, as to each of the foregoing, at such other
address as shall be designated by written notice to the other parties.

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

      Section 10.05 Limitations on Rights of Others. The provisions of this
Agreement are solely for the benefit of the Seller, the Company (and any
assignee of the Company pursuant to Section 10.04), the Servicer, the Issuer,
the Owner Trustee, the Certificateholders, the Indenture Trustee and the
Noteholders, and nothing in this Agreement, whether express or implied, shall
be construed to give to any other Person any legal or equitable right, remedy
or claim in the Owner Trust Estate or under or in respect of this Agreement or
any covenants, conditions or provisions contained herein. Section 10.06
Severability. Any provision of this Agreement that is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.

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

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

                                      49
<PAGE>

      Section 10.09 Governing Law. This Agreement shall be construed in
accordance with the laws of the State of New York, without reference to its
conflict of law provisions, and the obligations, rights and remedies of the
parties hereunder shall be determined in accordance with such laws.

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

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

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

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

                                      50
<PAGE>

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

                                  ARTICLE XI

                            Exchange Act Reporting

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

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

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

                                      51
<PAGE>

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

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

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

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

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

                                      52
<PAGE>

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

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

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

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

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

                                      53
<PAGE>

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

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

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

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

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

                                      54
<PAGE>

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

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

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

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

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

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

                                      55
<PAGE>

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

                                      DAIMLERCHRYSLER AUTO TRUST 2006-D

                                      By:    Deutsche Bank Trust Company
                                             Delaware, not in its individual
                                             capacity but solely as Owner
                                             Trustee on behalf of the Trust

                                             By:  /s/ Susan Barstock
                                                  --------------------------
                                             Name:  Susan Barstock
                                             Title: Attorney-in-Fact

                                      DAIMLERCHRYSLER FINANCIAL SERVICES
                                      AMERICAS LLC, Seller and Servicer

                                      By:  /s/ D. Smidt
                                         -----------------------------------
                                      Name:   D. Smidt
                                      Title:  Assistant Controller

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

CITIBANK, N.A.,
not in its individual capacity
but solely as Indenture Trustee

By:   Cirino Emanuele
      ---------------------------
Name:  Cirino Emanuele
Title: Vice President

DEUTSCHE BANK TRUST COMPANY DELAWARE,
not in its individual capacity, but solely as
Owner Trustee

By:  /s/ Susan Barstock
     ----------------------------
Name:  Susan Barstock
Title:  Attorney-in-Fact

<PAGE>

                                                                    SCHEDULE A

                            Schedule of Receivables

        Delivered to the Owner Trustee and Indenture Trustee at Closing

                                  Schedule A

<PAGE>

                                                                    SCHEDULE B

                         Location of Receivable Files

1. 9750 Goethe Road, Sacramento, CA 95827.
2. 1202 Avenue R, Grand Prairie, TX 75050.

                                  Schedule B

<PAGE>

                                                                    SCHEDULE C

                               Schedule of YSOA

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

<TABLE>
<CAPTION>
<S>                                    <C>                   <C>                                     <C>
Closing Date...................        $87,078,723.18        January 2010........................    $9,595,116.51
January 2007...................         83,881,444.33        February 2010.......................     8,640,972.37
February 2007..................         80,745,468.34        March 2010..........................     7,744,368.06
March 2007.....................         77,671,247.08        April 2010..........................     6,904,834.84
April 2007.....................         74,659,200.23        May 2010............................     6,121,659.96
May 2007.......................         71,709,708.91        June 2010...........................     5,392,939.90
June 2007......................         68,823,104.70        July 2010...........................     4,716,947.35
July 2007......................         65,999,695.61        August 2010.........................     4,092,254.51
August 2007....................         63,239,734.39        September 2010......................     3,517,487.58
September 2007.................         60,543,459.90        October 2010........................     2,991,464.56
October 2007...................         57,911,029.39        November 2010.......................     2,513,789.85
November 2007..................         55,341,363.05        December 2010.......................     2,084,187.18
December 2007..................         52,832,336.31        January 2011........................     1,702,419.01
January 2008...................         50,382,746.60        February 2011.......................     1,368,401.33
February 2008..................         47,992,820.59        March 2011..........................     1,082,198.58
March 2008.....................         45,662,795.64        April 2011..........................       843,716.57
April 2008.....................         43,392,766.11        May 2011............................       652,548.06
May 2008.......................         41,182,610.94        June 2011...........................       502,307.50
June 2008......................         39,032,066.75        July 2011...........................       382,771.11
July 2008......................         36,941,227.92        August 2011.........................       290,788.11
August 2008....................         34,910,212.10        September 2011......................       219,914.62
September 2008.................         32,939,080.17        October 2011........................       163,469.65
October 2008...................         31,027,924.98        November 2011.......................       120,469.59
November 2008..................         29,176,795.21        December 2011.......................        88,552.01
December 2008..................         27,385,753.98        January 2012........................        61,774.29
January 2009...................         25,654,938.33        February 2012.......................        40,078.36
February 2009..................         23,984,547.08        March 2012..........................        23,462.88
March 2009.....................         22,374,861.91        April 2012..........................        11,922.87
April 2009......................        20,826,162.63        May 2012............................         5,369.23
May 2009........................        19,338,366.54        June 2012...........................         2,388.64
June 2009.......................        17,911,180.33        July 2012...........................           847.44
July 2009.......................        16,544,540.20        August 2012.........................           208.99
August 2009.....................        15,238,376.97        September 2012......................            64.64
September 2009..................        13,992,384.26        October 2012........................            19.36
October 2009....................        12,805,617.66        November 2012.......................             0.30
November 2009...................        11,677,196.93        December 2012 (and thereafter)......             0.00
December 2009...................        10,607,107.86

</TABLE>

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

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

                                 Schedule C-1

      o  the scheduled payments due on the Receivable for each future
         Collection Period discounted to present value as of the end of the
         preceding Collection Period at 8.0%.

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

                                 Schedule C-2
<PAGE>

                                                                     EXHIBIT A

                 Form of Distribution Statement to Noteholders

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

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

Amount of Principal Paid to:

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

Amount of Interest Paid to:

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

Total Distribution Amount:

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

Servicing Fee
Servicing Fee Per $1,000 Note

Reserve Account Balance

Pool Balance

                                 Exhibit A-1

<PAGE>

                                                                     EXHIBIT B

                        Form of Servicer's Certificate

<TABLE>
<CAPTION>
<S>                                                                <C>                  <C>
DaimlerChrysler Financial Services Americas LLC                                         Distribution Date: [    ]
DaimlerChrysler Auto Trust 2006-D Monthly Servicer's Certificate                        Page 1 of 2
----------------------------------------------------------------------------------------------------------------------
     Payment Determination Statement Number
     Distribution Date
     Record Date
     Dates Covered                                                  From and Including          To and Including
     -------------                                                  ------------------          ----------------
         Collections Period
         Accrual Period
         30/360 Days
         Actual/360 Days
                                                                         Number of
     Collateral Pool Balance Data                                        Accounts                   $ Amount
     ----------------------------                                        ---------                  --------
     Pool Balance - Beginning of Period
     Collections of Installment Principal
     Collections Attributable to Full Payoffs
     Principal Amount of Repurchases
     Principal Amount of Gross Losses                                                           -----------------
     Pool Balance - End of Period (EOP)                                                         =================

     Pool Statistics                                                                              End of Period
     ---------------                                                                            ------------------
     Initial Pool Balance (Pool Balance at the Purchase Date)
     Pool Factor (Pool Balance as a Percent of Initial Pool
     Balance)

     Ending Overcollateralization (O/C) Amount

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

     Cumulative Net Losses
     Net Loss Ratio (3 mo. Weighted Avg.)
     Cumulative Recovery Ratio
                                                                     $ Amount       % of EOP Pool     # of Accounts
     Delinquency Information(1)                                      --------         Balance         -------------
                                                                                      -------
        31-60 Days Delinquent
        61-90 Days Delinquent
        91-120 Days Delinquent
        121 Days or More Delinquent
        Repossessions
        (1) A receivable is not considered past due if the amount past due is less than 10% of the scheduled monthly payment.
     60+ Days Delinquency Amount
     60+ Days Delinquency Ratio (3 mo. Weighted Avg.)
                                                                       Current Month               Prior Month
                                                                       -------------               -----------
     Weighted Average APR
     Weighted Average Remaining Term (months)
     Weighted Average Seasoning (months)

</TABLE>

                                 Exhibit B-1

<PAGE>

                                                                     EXHIBIT B

                        Form of Servicer's Certificate

<TABLE>
<CAPTION>
<S>                                                      <C>                                 <C>
DaimlerChrysler Financial Services Americas LLC                                              Distribution Date: [ ]
DaimlerChrysler Auto Trust 2006-D Monthly Servicer's Certificate                                        Page 2 of 2
----------------------------------------------------------------------------------------------------------------------

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

Cash Uses                                                Adjusted O/C Amount
     Servicer Fee                                        Target Overcollateralization Amount
     A Note Interest                                     O/C Release Period?                            _____________
     Priority Principal Distribution                     O/C Release
     Amount
     B Note Interest
     Reserve Fund
     Regular Principal Distribution Amount
     Distribution to Certificateholders     _______
     Total Cash Uses                        =======

Administrative Payment
Total Principal and Interest Sources
Investment Earnings in Trust Account
Daily Collection Remitted
Cash Reserve in Trust Account
Servicer Fee (withheld)
O/C Release to Seller                        ______

   Payment Due to/(from) Trust               ======
   Account
</TABLE>

<TABLE>
<CAPTION>
                                                                                  Principal                Interest
                                            Beginning    Ending      Principal    per $1000   Interest     per $1000
                                            Balance      Balance     Payment      Face        Payment      Face
                                            ------------ ----------- ------------ ----------- ------------ -----------
<S>                                         <C>          <C>         <C>          <C>         <C>          <C>

Notes
-----
Class A-1        @     %
Class A-2        @     %
Class A-3        @     %
Class A-4        @     %
Class B          @     %
     Total Notes
                                            =====================================             ============
      * Class A-1 Interest is computed on an Actual/360 Basis. Days in current period.

</TABLE>

                                 Exhibit B-2

<PAGE>

                                  APPENDIX A

                               Item 1119 Parties

DaimlerChrysler Auto Trust 2006-D
DaimlerChrysler Financial Services Americas LLC
Citibank, N. A.
Deutsche Bank Trust Company Delaware

                                  Appendix A

<PAGE>

                                  APPENDIX B

                 Minimum Servicing Criteria to be Addressed in
                      Assessment of Compliance Statement

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

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

                                 Appendix B-1

<PAGE>

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

                                 Appendix B-2

<PAGE>

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

                                 Appendix B-3

<PAGE>

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

                                   [CITIBANK, N.A.] [DAIMLERCHRYSLER
                                   FINANCIAL SERVICES AMERICAS LLC]

                                   By:________________________________
                                   Name:
                                   Title:

                                   Date:    _________________________

                                 Appendix B-4

<PAGE>

                                  APPENDIX C

                       Form of Performance Certification

                            Reporting Subcontractor

                                 CERTIFICATION

      Re: DaimlerChrysler Auto Trust 2006-D

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

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

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

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

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

                                 Appendix C-1
<PAGE>

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

                                [REPORTING SUBCONTRACTOR]

                                By:________________________________
                                Name:
                                Title:

                                Date:    _________________________

                                 Appendix C-2

<PAGE>

                                  APPENDIX D

                       Form of Performance Certification
                                  (Servicer)

                                 CERTIFICATION

      Re: DaimlerChrysler Auto Owner Trust 2006-D

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

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

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

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

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

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

                                 Appendix D-1
<PAGE>

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

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

                                  DAIMLERCHRYSLER FINANCIAL
                                  SERVICES AMERICAS LLC

                                  By:________________________________
                                  Name:
                                  Title:

                                  Date:    _________________________

                                 Appendix D-2

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