Common use of CERTAIN CHARACTERISTICS Clause in Contracts

CERTAIN CHARACTERISTICS. (A) Each Initial Receivable had a remaining maturity, as of the Initial Cutoff Date, of at least three months but not more than 84 months; (B) each Initial Receivable had an original maturity of at least six months but not more than 84 months; (C) each Initial Receivable had an original principal balance of at least $1,044.70 and not more than $41,653.54 (D) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $517.41 and not more than $41,653.54 (E) each Initial Receivable has an Annual Percentage Rate of at least 8.00% and not more than 24.00%; (F) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date; (G) no funds have been advanced by the Seller, the Servicer, any Dealer, or anyone acting on behalf of any of them in order to cause any Receivable to qualify under clause (F) above, (H) no Initial Receivable has a final scheduled payment date on or before June 1, 1998, (I) the Principal Balance of each Receivable set forth in Schedule of Receivables is true and accurate in all material respects as of the Initial Cutoff Date, (J) 11.34% of the Initial Receivables, by principal balance as of the Initial Cutoff Date, was attributable to loans for the purchase of new Financed Vehicles and 88.66% of the Initial Receivables was attributable to loans for the purchase of used Financed Vehicles, (K) not more than 66.4% of the Principal Balance as of the Initial Cutoff Date was attributable to loans originated under AFL's "Classic" program, (L) not more than 3.4% of the Principal Balance of the Initial Receivables as of the Initial Cutoff Date had an Annual Percentage Rate in excess of 21.0%, (M) none of such Receivables represented loans in excess of $50,000.00, (N) not more than 0.6% of the Principal Balance of such Receivables represented loans with original terms greater than 72 months and (O) not more than 4.3% of the Principal Balance of such Receivables represented loans secured by Financed Vehicles that previously secured a loan originated by AFL with an obligor other than the current Obligor. SCHEDULE B SERVICING POLICIES AND PROCEDURES NOTE: APPLICABLE TIME PERIODS WILL VARY BY STATE. I. PAST DUE PAYMENT COLLECTIONS A. Past due payment notices are generated and sent on the 9th and 15th day of delinquency. B. The collection officer will make at least one phone call by day 10. C. The collection officer will write a personalized collection letter by day 15 and will have made at least two collection phone calls. D. The collection officer will make at least two (2) more phone calls and write at least one (1) more letter between days 15 and 30. E. The collection officer will send a final demand letter on or about 31 days past due. The letter will allow 10 days to bring the account current. F. The collection officer will recommend either repossession, or some form of reasonable forbearance (e.g., one extension in exchange for a partial payment for cooperative debtors). All phone calls and correspondence will require a brief handwritten comment in the credit file. The date of each comment and the officer's initials will be documented. II. PAYMENT EXTENSIONS Extensions of monthly payments must be granted only after careful consideration and analysis. The extension is not to be used to mask delinquencies, but rather assist in the collection and correction of verifiable and legitimate customer problems. All extensions or modifications require the prior approval of the Branch Manager. In the absence of the Branch Manager, the Executive Vice President's or the President's approval is required. Possible qualifications for extensions to cooperative and trustworthy customers include: (a) Medical problems - verifiable; (b) Temporary work loss - verifiable; (c) Pending insurance claim - verifiable; or (d) Bankruptcy trustee cram down. III. REPOSSESSIONS Repossessions of the collateral is only to be pursued after exhausting all other collection efforts. Once the decision is made to attempt repossession, the following process is to be utilized:

CERTAIN CHARACTERISTICS. (A) Each Initial Receivable had a remaining maturity, as of the Initial Cutoff Date, of at least three 3 months but not more than 84 months; (B) each Initial Receivable had an original maturity of at least six 12 months but not more than 84 months; (C) each Initial Receivable had an original principal balance of at least $1,044.70 3,999.00 and not more than $41,653.54 62,999.96; (D) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $517.41 572.71 and not more than $41,653.54 62,999.96; (E) each Initial Receivable has an Annual Percentage Rate of at least 8.00% and not more than 24.0024.90%; (F) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date; (G) no funds have been advanced by the Seller, the Servicer, any Dealer, or anyone acting on behalf of any of them in order to cause any Receivable to qualify under clause (F) above, ; (H) no Initial Receivable has a final scheduled payment date on or before June December 1, 1998, 1999; (I) the Principal Balance of each Receivable set forth in Schedule of Receivables is true and accurate in all material respects as of the Initial Cutoff Date, ; (J) 11.3414.79% of the Initial Receivables, by principal balance as of the Initial Cutoff Date, was attributable to loans for the purchase of new Financed Vehicles and 88.6685.21% of the Initial Receivables was attributable to loans for the purchase of used Financed Vehicles, ; (K) not more than 66.44.00% of the Aggregate Principal Balance as of the Initial Cutoff Date was such Receivables will be attributable to loans originated under AFL's "Classic" programReceivables with an Annual Percentage Rate in excess of 21.00%, (L) not more than 3.40.25% of the Aggregate Principal Balance of the Initial Receivables as of the Initial Cutoff Date had an Annual Percentage Rate in excess of 21.0%, (M) none of such Receivables represented will represent loans on Financed Vehicles in excess of $50,000.00, (NM) not more than 0.63.00% of the Aggregate Principal Balance of such Receivables represented will represent loans with original terms greater than 72 months and (ON) not more than 4.30.25% of the Aggregate Principal Balance of such Receivables represented will represent loans secured by Financed Vehicles that previously secured a loan originated by AFL with an obligor other than the current Obligor. SCHEDULE B SERVICING POLICIES AND PROCEDURES NOTE: APPLICABLE TIME PERIODS WILL VARY BY STATE. I. PAST DUE PAYMENT COLLECTIONS A. Past due payment notices are generated and sent on the 9th and 15th day of delinquency. B. The collection officer will make at least one phone call by day 10. C. The collection officer will write a personalized collection letter by day 15 and will have made at least two collection phone calls. D. The collection officer will make at least two (2) more phone calls and write at least one (1) more letter between days 15 and 30. E. The collection officer will send a final demand letter on or about 31 days past due. The letter will allow 10 days to bring the account current. F. The collection officer will recommend either repossession, or some form of reasonable forbearance (e.g., one extension in exchange for a partial payment for cooperative debtors). All phone calls and correspondence will require a brief handwritten comment in the credit file. The date of each comment and the officer's initials will be documented. II. PAYMENT EXTENSIONS Extensions of monthly payments must be granted only after careful consideration and analysis. The extension is not to be used to mask delinquencies, but rather assist in the collection and correction of verifiable and legitimate customer problems. All extensions or modifications require the prior approval of the Branch Manager. In the absence of the Branch Manager, the Executive Vice President's or the President's approval is required. Possible qualifications for extensions to cooperative and trustworthy customers include: (a) Medical problems - verifiable; (b) Temporary work loss - verifiable; (c) Pending insurance claim - verifiable; or (d) Bankruptcy trustee cram down. III. REPOSSESSIONS Repossessions of the collateral is only to be pursued after exhausting all other collection efforts. Once the decision is made to attempt repossession, the following process is to be utilized:

CERTAIN CHARACTERISTICS. (A) Each Initial Receivable had a remaining maturity, as of the Initial Cutoff Date, of at least three 3 months but not more than 84 months; (B) each Initial Receivable had an original maturity of at least six 12 months but not more than 84 months; (C) each Initial Receivable had an original principal balance of at least $1,044.70 3,800.00 and not more than $41,653.54 61,115.23; (D) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $517.41 526.88 and not more than $41,653.54 61,115.23; (E) each Initial Receivable has an Annual Percentage Rate of at least 8.007.00% and not more than 24.0023.99%; (F) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date; (G) no funds have been advanced by the Seller, the Servicer, any Dealer, or anyone acting on behalf of any of them in order to cause any Receivable to qualify under clause (F) above, ; (H) no Initial Receivable has a final scheduled payment date on or before June September 1, 1998, 1999; (I) the Principal Balance of each Receivable set forth in Schedule of Receivables is true and accurate in all material respects as of the Initial Cutoff Date, ; (J) 11.3413.31% of the Initial Receivables, by principal balance as of the Initial Cutoff Date, was attributable to loans for the purchase of new Financed Vehicles and 88.6686.69% of the Initial Receivables was attributable to loans for the purchase of used Financed Vehicles, ; (K) not more than 66.4% of the Principal Balance as of the Initial Cutoff Date was attributable to loans originated under AFL's "Classic" program, (L) not more than 3.44.00% of the Principal Balance of the Initial Receivables as of the Initial Cutoff Date had an Annual Percentage Rate in excess of 21.021.00%, ; (ML) none not more than 0.25% of such Receivables represented loans in excess of $50,000.00, ; (NM) not more than 0.63.00% of the Aggregate Principal Balance of such Receivables represented loans with original terms greater than 72 months months; and (ON) not more than 4.30.25% of the Aggregate Principal Balance of such Receivables represented loans secured by Financed Vehicles that previously secured a loan originated by AFL with an obligor other than the current Obligor. SCHEDULE B SERVICING POLICIES AND PROCEDURES NOTE: APPLICABLE TIME PERIODS WILL VARY BY STATE. I. PAST DUE PAYMENT COLLECTIONS A. Past due payment notices are generated and sent on the 9th and 15th day of delinquency. B. The collection officer will make at least one phone call by day 10. C. The collection officer will write a personalized collection letter by day 15 and will have made at least two collection phone calls. D. The collection officer will make at least two (2) more phone calls and write at least one (1) more letter between days 15 and 30. E. The collection officer will send a final demand letter on or about 31 days past due. The letter will allow 10 days to bring the account current. F. The collection officer will recommend either repossession, or some form of reasonable forbearance (e.g., one extension in exchange for a partial payment for cooperative debtors). All phone calls and correspondence will require a brief handwritten comment in the credit file. The date of each comment and the officer's initials will be documented. II. PAYMENT EXTENSIONS Extensions of monthly payments must be granted only after careful consideration and analysis. The extension is not to be used to mask delinquencies, but rather assist in the collection and correction of verifiable and legitimate customer problems. All extensions or modifications require the prior approval of the Branch Manager. In the absence of the Branch Manager, the Executive Vice President's or the President's approval is required. Possible qualifications for extensions to cooperative and trustworthy customers include: (a) Medical problems - verifiable; (b) Temporary work loss - verifiable; (c) Pending insurance claim - verifiable; or (d) Bankruptcy trustee cram down. III. REPOSSESSIONS Repossessions of the collateral is only to be pursued after exhausting all other collection efforts. Once the decision is made to attempt repossession, the following process is to be utilized: (a) Decision on repossession. (b) If the customer is cooperative, attempt repossession by Servicer personnel. If uncooperative or unable to locate, utilize a third party collection agency. (c) Once secured, complete an inventory of personal belongings and brief condition report on the vehicle. Return the property to the customer and obtain a signed statement of inventory receipt. (d) If the repossession is involuntary, notify the police department in the city where the repossession occurred. (e) Notify the originating dealership of repossession as soon as possible and request a refund of all rebateable dealer adds. (f) Send written notification to the customer regarding a 10-day notice to redeem the loan. (g) Decide on proper method of liquidation and plan for sale after the 10-day redemption period has expired. (h) If consignment, set 21-day maximum term with the dealership, after which time, if unsold, the vehicle is returned to the Servicer. If wholesale, contact the appropriate auction company to make arrangements for immediate sale. If private sale, place advertisements in the proper media and attempt to liquidate within one week. (i) After the collateral is liquidated, send the debtor a letter stating the amount of deficiency. Continued collection efforts will take the form of voluntary payments or involuntary payments via judgment, garnishment, and levy.

CERTAIN CHARACTERISTICS. (A) Each Initial Receivable had a remaining maturity, as of the Initial Cutoff Date, of at least three 3 months but not more than 84 months; (B) each Initial Receivable had an original maturity of at least six 12 months but not more than 84 months; (C) each Initial Receivable had an original principal balance of at least $1,044.70 3,999.00 and not more than $41,653.54 62,999.96; (D) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $517.41 572.71 and not more than $41,653.54 62,999.96; (E) each Initial Receivable has an Annual Percentage Rate of at least 8.00% and not more than 24.0024.90%; (F) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date; (G) no funds have been advanced by the Seller, the Servicer, any Dealer, or anyone acting on behalf of any of them in order to cause any Receivable to qualify under clause (F) above, ; (H) no Initial Receivable has a final scheduled payment date on or before June December 1, 1998, 1999; (I) the Principal Balance of each Receivable set forth in Schedule of Receivables is true and accurate in all material respects as of the Initial Cutoff Date, ; (J) 11.3414.79% of the Initial Receivables, by principal balance as of the Initial Cutoff Date, was attributable to loans for the purchase of new Financed Vehicles and 88.6685.21% of the Initial Receivables was attributable to loans for the purchase of used Financed Vehicles, ; (K) not more than 66.4% of the Principal Balance as of the Initial Cutoff Date was attributable to loans originated under AFL's "Classic" program, (L) not more than 3.44.00% of the Principal Balance of the Initial Receivables as of the Initial Cutoff Date had an Annual Percentage Rate in excess of 21.021.00%, ; (ML) none not more than 0.25% of such Receivables represented loans in excess of $50,000.00, ; (NM) not more than 0.63.00% of the Aggregate Principal Balance of such Receivables represented loans with original terms greater than 72 months months; and (ON) not more than 4.30.25% of the Aggregate Principal Balance of such Receivables represented loans secured by Financed Vehicles that previously secured a loan originated by AFL with an obligor other than the current Obligor. SCHEDULE B SERVICING POLICIES AND PROCEDURES NOTE: APPLICABLE TIME PERIODS WILL VARY BY STATE. I. PAST DUE PAYMENT COLLECTIONS A. Past due payment notices are generated and sent on the 9th and 15th day of delinquency. B. The collection officer will make at least one phone call by day 10. C. The collection officer will write a personalized collection letter by day 15 and will have made at least two collection phone calls. D. The collection officer will make at least two (2) more phone calls and write at least one (1) more letter between days 15 and 30. E. The collection officer will send a final demand letter on or about 31 days past due. The letter will allow 10 days to bring the account current. F. The collection officer will recommend either repossession, or some form of reasonable forbearance (e.g., one extension in exchange for a partial payment for cooperative debtors). All phone calls and correspondence will require a brief handwritten comment in the credit file. The date of each comment and the officer's initials will be documented. II. PAYMENT EXTENSIONS Extensions of monthly payments must be granted only after careful consideration and analysis. The extension is not to be used to mask delinquencies, but rather assist in the collection and correction of verifiable and legitimate customer problems. All extensions or modifications require the prior approval of the Branch Manager. In the absence of the Branch Manager, the Executive Vice President's or the President's approval is required. Possible qualifications for extensions to cooperative and trustworthy customers include: (a) Medical problems - verifiable; (b) Temporary work loss - verifiable; (c) Pending insurance claim - verifiable; or (d) Bankruptcy trustee cram down. III. REPOSSESSIONS Repossessions of the collateral is only to be pursued after exhausting all other collection efforts. Once the decision is made to attempt repossession, the following process is to be utilized:

CERTAIN CHARACTERISTICS. (A) Each Initial Receivable had a remaining maturity, as of the Initial Cutoff Date, of at least three 3 months but not more than 84 months; (B) each Initial Receivable had an original maturity of at least six 6 months but not more than 84 months; (C) each Initial Receivable had an original principal balance of at least $1,044.70 3,104.80 and not more than $41,653.54 50,853.05; (D) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $517.41 547.78 and not more than $41,653.54 50,853.05; (E) each Initial Receivable has an Annual Percentage Rate of at least 8.007.74% and not more than 24.0023.45%; (F) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date; (G) no funds have been advanced by the Seller, the Servicer, any Dealer, or anyone acting on behalf of any of them in order to cause any Receivable to qualify under clause (F) above, ; (H) no Initial Receivable has a final scheduled payment date on or before June March 1, 1998, 1999; (I) the Principal Balance of each Receivable set forth in Schedule of Receivables is true and accurate in all material respects as of the Initial Cutoff Date, ; (J) 11.3413.07% of the Initial Receivables, by principal balance as of the Initial Cutoff Date, was attributable to loans for the purchase of new Financed Vehicles and 88.6686.93% of the Initial Receivables was attributable to loans for the purchase of used Financed Vehicles, ; (K) not more than 66.4% of the Principal Balance as of the Initial Cutoff Date was attributable to loans originated under AFL's "Classic" program, (L) not more than 3.42.51% of the Principal Balance of the Initial Receivables as of the Initial Cutoff Date had an Annual Percentage Rate in excess of 21.021.00%, ; (ML) none 0.03% of such Receivables represented loans in excess of $50,000.00, ; (NM) not more than 0.60.31% of the Aggregate Principal Balance of such Receivables represented loans with original terms greater than 72 months months; and (ON) not more than 4.32.76% of the Aggregate Principal Balance of such Receivables represented loans secured by Financed Vehicles that previously secured a loan originated by AFL with an obligor other than the current Obligor. SCHEDULE B SERVICING POLICIES AND PROCEDURES NOTE: APPLICABLE TIME PERIODS WILL VARY BY STATE. . I. PAST DUE PAYMENT COLLECTIONS COLLECTIONS A. Past due payment notices are generated and sent on the 9th and 15th day of delinquency. B. The collection officer will make at least one phone call by day 10. C. The collection officer will write a personalized collection letter by day 15 and will have made at least two collection phone calls. D. The collection officer will make at least two (2) more phone calls and write at least one (1) more letter between days 15 and 30. E. The collection officer will send a final demand letter on or about 31 days past due. The letter will allow 10 days to bring the account current. F. The collection officer will recommend either repossession, or some form of reasonable forbearance (e.g., one extension in exchange for a partial payment for cooperative debtors). All phone calls and correspondence will require a brief handwritten comment in the credit file. The date of each comment and the officer's initials will be documented. II. PAYMENT EXTENSIONS Extensions of monthly payments must be granted only after careful consideration and analysis. The extension is not to be used to mask delinquencies, but rather assist in the collection and correction of verifiable and legitimate customer problems. All extensions or modifications require the prior approval of the Branch Manager. In the absence of the Branch Manager, the Executive Vice President's or the President's approval is required. Possible qualifications for extensions to cooperative and trustworthy customers include: (a) Medical problems - verifiable; (b) Temporary work loss - verifiable; (c) Pending insurance claim - verifiable; or (d) Bankruptcy trustee cram down. III. REPOSSESSIONS Repossessions of the collateral is only to be pursued after exhausting all other collection efforts. Once the decision is made to attempt repossession, the following process is to be utilized:

CERTAIN CHARACTERISTICS. (A) Each Initial Receivable had a remaining maturity, as of the Initial Cutoff Date, of at least three 3 months but not more than 84 months; (B) each Initial Receivable had an original maturity of at least six 6 months but not more than 84 months; (C) each Initial Receivable had an original principal balance of at least $1,044.70 1,700.00 and not more than $41,653.54 46,089.55; (D) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $517.41 505.45 and not more than $41,653.54 45,975.35; (E) each Initial Receivable has an Annual Percentage Rate of at least 8.008.25% and not more than 24.0023.95%; (F) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date; (G) no funds have been advanced by the Seller, the Servicer, any Dealer, or anyone acting on behalf of any of them in order to cause any Receivable to qualify under clause (F) above, ; (H) no Initial Receivable has a final scheduled payment date on or before June December 1, 1998, ; (I) the Principal Balance of each Receivable set forth in Schedule of Receivables is true and accurate in all material respects as of the Initial Cutoff Date, ; (J) 11.3415.99% of the Initial Receivables, by principal balance as of the Initial Cutoff Date, was attributable to loans for the purchase of new Financed Vehicles and 88.6684.01% of the Initial Receivables was attributable to loans for the purchase of used Financed Vehicles, ; (K) not more than 66.470% of the Aggregate Principal Balance as of the Initial Cutoff Date was attributable to loans originated under AFL's "Classic" program (excluding loans for the purchase of repossessed automobiles that would otherwise be deemed originated under the "Classic" program, ); (L) not more than 3.43% of the Principal Balance of the Initial Receivables as of the Initial Cutoff Date had an Annual Percentage Rate in excess of 21.021%, ; (M) none of such Receivables represented loans in excess of $50,000.00, ; (N) not more than 0.6.16% of the Aggregate Principal Balance of such Receivables represented loans with original terms greater than 72 months months; and (O) not more than 4.32.0% of the Aggregate Principal Balance of such Receivables represented loans secured by Financed Vehicles that previously secured a loan originated by AFL with an obligor other than the current Obligor. SCHEDULE B SERVICING POLICIES AND PROCEDURES NOTE: APPLICABLE TIME PERIODS WILL VARY BY STATE. . I. PAST DUE PAYMENT COLLECTIONS COLLECTIONS A. Past due payment notices are generated and sent on the 9th and 15th day of delinquency. B. The collection officer will make at least one phone call by day 10. C. The collection officer will write a personalized collection letter by day 15 and will have made at least two collection phone calls. D. The collection officer will make at least two (2) more phone calls and write at least one (1) more letter between days 15 and 30. E. The collection officer will send a final demand letter on or about 31 days past due. The letter will allow 10 days to bring the account current. F. The collection officer will recommend either repossession, or some form of reasonable forbearance (e.g., one extension in exchange for a partial payment for cooperative debtors). All phone calls and correspondence will require a brief handwritten comment in the credit file. The date of each comment and the officer's initials will be documented. II. PAYMENT EXTENSIONS Extensions of monthly payments must be granted only after careful consideration and analysis. The extension is not to be used to mask delinquencies, but rather assist in the collection and correction of verifiable and legitimate customer problems. All extensions or modifications require the prior approval of the Branch Manager. In the absence of the Branch Manager, the Executive Vice President's or the President's approval is required. Possible qualifications for extensions to cooperative and trustworthy customers include: (a) Medical problems - verifiable; (b) Temporary work loss - verifiable; (c) Pending insurance claim - verifiable; or (d) Bankruptcy trustee cram down. III. REPOSSESSIONS Repossessions of the collateral is only to be pursued after exhausting all other collection efforts. Once the decision is made to attempt repossession, the following process is to be utilized:

CERTAIN CHARACTERISTICS. (A) Each Initial Receivable had a remaining maturity, as of the Initial Cutoff Date, of at least three 3 months but not more than 84 months; (B) each Initial Receivable had an original maturity of at least six 6 months but not more than 84 months; (C) each Initial Receivable had an original principal balance of at least $1,044.70 1,700.00 and not more than $41,653.54 46,089.55; (D) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $517.41 505.45 and not more than $41,653.54 45,975.35; (E) each Initial Receivable has an Annual Percentage Rate of at least 8.008.25% and not more than 24.0023.95%; (F) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date; (G) no funds have been advanced by the Seller, the Servicer, any Dealer, or anyone acting on behalf of any of them in order to cause any Receivable to qualify under clause (F) above, ; (H) no Initial Receivable has a final scheduled payment date on or before June December 1, 1998, ; (I) the Principal Balance of each Receivable set forth in Schedule of Receivables is true and accurate in all material respects as of the Initial Cutoff Date, ; (J) 11.3415.99% of the Initial Receivables, by principal balance as of the Initial Cutoff Date, was attributable to loans for the purchase of new Financed Vehicles and 88.6684.01% of the Initial Receivables was attributable to loans for the purchase of used Financed Vehicles, ; (K) not more than 66.470% of the Aggregate Principal Balance as of the Initial Cutoff Date was attributable to loans originated under AFL's "Classic" program (excluding loans for the purchase of repossessed automobiles that would otherwise be deemed originated under the "Classic" program, ); (L) not more than 3.43% of the Principal Balance of the Initial Receivables as of the Initial Cutoff Date had an Annual Percentage Rate in excess of 21.021%, ; (M) none of such Receivables represented loans in excess of $50,000.00, ; (N) not more than 0.6.16% of the Aggregate Principal Balance of such Receivables represented loans with original terms greater than 72 months months; and (O) not more than 4.32.0% of the Aggregate Principal Balance of such Receivables represented loans secured by Financed Vehicles that previously secured a loan originated by AFL with an obligor other than the current Obligor. SCHEDULE B SERVICING POLICIES AND PROCEDURES NOTE: APPLICABLE TIME PERIODS WILL VARY BY STATE. I. PAST DUE PAYMENT COLLECTIONS A. Past due payment notices are generated and sent on the 9th and 15th day of delinquency. B. The collection officer will make at least one phone call by day 10. C. The collection officer will write a personalized collection letter by day 15 and will have made at least two collection phone calls. D. The collection officer will make at least two (2) more phone calls and write at least one (1) more letter between days 15 and 30. E. The collection officer will send a final demand letter on or about 31 days past due. The letter will allow 10 days to bring the account current. F. The collection officer will recommend either repossession, or some form of reasonable forbearance (e.g., one extension in exchange for a partial payment for cooperative debtors). All phone calls and correspondence will require a brief handwritten comment in the credit file. The date of each comment and the officer's initials will be documented. II. PAYMENT EXTENSIONS Extensions of monthly payments must be granted only after careful consideration and analysis. The extension is not to be used to mask delinquencies, but rather assist in the collection and correction of verifiable and legitimate customer problems. All extensions or modifications require the prior approval of the Branch Manager. In the absence of the Branch Manager, the Executive Vice President's or the President's approval is required. Possible qualifications for extensions to cooperative and trustworthy customers include: (a) Medical problems - verifiable; (b) Temporary work loss - verifiable; (c) Pending insurance claim - verifiable; or (d) Bankruptcy trustee cram down. III. REPOSSESSIONS Repossessions of the collateral is only to be pursued after exhausting all other collection efforts. Once the decision is made to attempt repossession, the following process is to be utilized:

CERTAIN CHARACTERISTICS. (A) Each Initial Receivable had a remaining maturity, as of the Initial Cutoff Date, of at least three 3 months but not more than 84 months; (B) each Initial Receivable had an original maturity of at least six 12 months but not more than 84 months; (C) each Initial Receivable had an original principal balance of at least $1,044.70 610.00 and not more than $41,653.54 77,071.93; (D) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $517.41 507.54 and not more than $41,653.54 76,619.22; (E) each Initial Receivable has an Annual Percentage Rate of at least 8.007.50% and not more than 24.0023.45%; (F) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date; (G) no funds have been advanced by the Seller, the Servicer, any Dealer, or anyone acting on behalf of any of them in order to cause any Receivable to qualify under clause (F) above, (H) no Initial Receivable has a final scheduled payment date on or before June 11,1997, 1998, and (I) the Principal Balance of each Receivable set forth in Schedule of Receivables is true and accurate in all material respects as of the Initial Cutoff Date, (J) 11.3417.25% of the Initial Receivables, by principal balance as of the Initial Cutoff Date, was attributable to loans for the purchase of new Financed Vehicles and 88.6682.75% of the Initial Receivables was attributable to loans for the purchase of used Financed Vehicles, (K) not more than 66.449% of the Principal Balance as of the Initial Cutoff Date was attributable to loans originated under AFLOFL's "Classic" program, (L) not more than 3.42% of the Principal Balance of the Initial Receivables as of the Initial Cutoff Date had an Annual Percentage Rate in excess of 21.021%, (M) none not more than 0.25% of the Principal Balance of such Receivables represented loans in excess of $50,000.00, , (N) not more than 0.60.4% of the Principal Balance of such Receivables represented loans with original terms greater than 72 months and (O) not more than 4.35.0% of the Principal Balance of such Receivables represented loans secured by Financed Vehicles that previously secured a loan originated by AFL OFL with an obligor other than the current Obligor. SCHEDULE B SERVICING POLICIES AND PROCEDURES NOTE: APPLICABLE TIME PERIODS WILL VARY BY STATE. I. PAST DUE PAYMENT COLLECTIONS A. Past due payment notices are generated and sent on the 9th and 15th day of delinquency. B. The collection officer will make at least one phone call by day 10. C. The collection officer will write a personalized collection letter by day 15 and will have made at least two collection phone calls. D. The collection officer will make at least two (2) more phone calls and write at least one (1) more letter between days 15 and 30. E. The collection officer will send a final demand letter on or about 31 days past due. The letter will allow 10 days to bring the account current. F. The collection officer will recommend either repossession, or some form of reasonable forbearance (e.g., one extension in exchange for a partial payment for cooperative debtors). All phone calls and correspondence will require a brief handwritten comment in the credit file. The date of each comment and the officer's initials will be documented. II. PAYMENT EXTENSIONS Extensions of monthly payments must be granted only after careful consideration and analysis. The extension is not to be used to mask delinquencies, but rather assist in the collection and correction of verifiable and legitimate customer problems. All extensions or modifications require the prior approval of the Branch Manager. In the absence of the Branch Manager, the Executive Vice President's or the President's approval is required. Possible qualifications for extensions to cooperative and trustworthy customers include: (a) Medical problems - verifiable; (b) Temporary work loss - verifiable; (c) Pending insurance claim - verifiable; or (d) Bankruptcy trustee cram down. III. REPOSSESSIONS Repossessions of the collateral is only to be pursued after exhausting all other collection efforts. Once the decision is made to attempt repossession, the following process is to be utilized:

CERTAIN CHARACTERISTICS. (A) Each Initial Receivable had a remaining maturity, as of the Initial Cutoff Date, of at least three 3 months but not more than 84 months; (B) each Initial Receivable had an original maturity of at least six 12 months but not more than 84 months; (C) each Initial Receivable had an original principal balance of at least $1,044.70 3,129.00 and not more than $41,653.54 49,772.31; (D) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $517.41 554.48 and not more than $41,653.54 49,772.31; (E) each Initial Receivable has an Annual Percentage Rate of at least 8.007.50% and not more than 24.0023.99%; (F) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date; (G) no funds have been advanced by the Seller, the Servicer, any Dealer, or anyone acting on behalf of any of them in order to cause any Receivable to qualify under clause (F) above, ; (H) no Initial Receivable has a final scheduled payment date on or before June 1, 1998, 1999; (I) the Principal Balance of each Receivable set forth in Schedule of Receivables is true and accurate in all material respects as of the Initial Cutoff Date, ; (J) 11.3413.02% of the Initial Receivables, by principal balance as of the Initial Cutoff Date, was attributable to loans for the purchase of new Financed Vehicles and 88.6686.98% of the Initial Receivables was attributable to loans for the purchase of used Financed Vehicles, ; (K) not more than 66.4% of the Principal Balance as of the Initial Cutoff Date was attributable to loans originated under AFL's "Classic" program, (L) not more than 3.43.64% of the Principal Balance of the Initial Receivables as of the Initial Cutoff Date had an Annual Percentage Rate in excess of 21.021.00%, ; (ML) none of such Receivables represented loans in excess of $50,000.00, ; (NM) not more than 0.60.05% of the Aggregate Principal Balance of such Receivables represented loans with original terms greater than 72 months months; and (ON) not more than 4.31.21% of the Aggregate Principal Balance of such Receivables represented loans secured by Financed Vehicles that previously secured a loan originated by AFL with an obligor other than the current Obligor. SCHEDULE B SERVICING POLICIES AND PROCEDURES NOTE: APPLICABLE TIME PERIODS WILL VARY BY STATE. I. PAST DUE PAYMENT COLLECTIONS A. Past due payment notices are generated and sent on the 9th and 15th day of delinquency. B. The collection officer will make at least one phone call by day 10. C. The collection officer will write a personalized collection letter by day 15 and will have made at least two collection phone calls. D. The collection officer will make at least two (2) more phone calls and write at least one (1) more letter between days 15 and 30. E. The collection officer will send a final demand letter on or about 31 days past due. The letter will allow 10 days to bring the account current. F. The collection officer will recommend either repossession, or some form of reasonable forbearance (e.g., one extension in exchange for a partial payment for cooperative debtors). All phone calls and correspondence will require a brief handwritten comment in the credit file. The date of each comment and the officer's initials will be documented. II. PAYMENT EXTENSIONS Extensions of monthly payments must be granted only after careful consideration and analysis. The extension is not to be used to mask delinquencies, but rather assist in the collection and correction of verifiable and legitimate customer problems. All extensions or modifications require the prior approval of the Branch Manager. In the absence of the Branch Manager, the Executive Vice President's or the President's approval is required. Possible qualifications for extensions to cooperative and trustworthy customers include: (a) Medical problems - verifiable; (b) Temporary work loss - verifiable; (c) Pending insurance claim - verifiable; or (d) Bankruptcy trustee cram down. III. REPOSSESSIONS Repossessions of the collateral is only to be pursued after exhausting all other collection efforts. Once the decision is made to attempt repossession, the following process is to be utilized:

CERTAIN CHARACTERISTICS. (A) Each Initial Receivable had a remaining maturity, as of the Initial Cutoff Date, of at least three months but not more than 84 months; (B) each Initial Receivable had an original maturity of at least six months but not more than 84 months; (C) each Initial Receivable had an original principal balance of at least $1,044.70 1,500.00 and not more than $41,653.54 38,613.19; (D) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $517.41 784.98 and not more than $41,653.54 38,613.19; (E) each Initial Receivable has an Annual Percentage Rate of at least 8.008.50% and not more than 24.00%; (F) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date; (G) no funds have been advanced by the Seller, the Servicer, any Dealer, or anyone acting on behalf of any of them in order to cause any Receivable to qualify under clause (F) above, ; (H) no Initial Receivable has a final scheduled payment date on or before June September 1, 1998, ; (I) the Principal Balance of each Receivable set forth in Schedule of Receivables is true and accurate in all material respects as of the Initial Cutoff Date, ; (J) 11.3412.32% of the Initial Receivables, by principal balance as of the Initial Cutoff Date, was attributable to loans for the purchase of new Financed Vehicles and 88.6687.68% of the Initial Receivables was attributable to loans for the purchase of used Financed Vehicles, ; (K) not more than 66.473% of the Aggregate Principal Balance as of the Initial Cutoff Date was attributable to loans originated under AFL's "Classic" program (excluding loans for the purchase of repossessed automobiles that would otherwise be deemed originated under the "Classic" program, ); (L) not more than 3.43.0% of the Principal Balance of the Initial Receivables as of the Initial Cutoff Date had an Annual Percentage Rate in excess of 21.0%, ; (M) none of such Receivables represented loans in excess of $50,000.00, ; (N) not more than 0.60.15% of the Aggregate Principal Balance of such Receivables represented loans with original terms greater than 72 months months; and (O) not more than 4.34.0% of the Aggregate Principal Balance of such Receivables represented loans secured by Financed Vehicles that previously secured a loan originated by AFL with an obligor other than the current Obligor. SCHEDULE B SERVICING POLICIES AND PROCEDURES NOTE: APPLICABLE TIME PERIODS WILL VARY BY STATE. I. PAST DUE PAYMENT COLLECTIONS A. Past due payment notices are generated and sent on the 9th and 15th day of delinquency. B. The collection officer will make at least one phone call by day 10. C. The collection officer will write a personalized collection letter by day 15 and will have made at least two collection phone calls. D. The collection officer will make at least two (2) more phone calls and write at least one (1) more letter between days 15 and 30. E. The collection officer will send a final demand letter on or about 31 days past due. The letter will allow 10 days to bring the account current. F. The collection officer will recommend either repossession, or some form of reasonable forbearance (e.g., one extension in exchange for a partial payment for cooperative debtors). All phone calls and correspondence will require a brief handwritten comment in the credit file. The date of each comment and the officer's initials will be documented. II. PAYMENT EXTENSIONS Extensions of monthly payments must be granted only after careful consideration and analysis. The extension is not to be used to mask delinquencies, but rather assist in the collection and correction of verifiable and legitimate customer problems. All extensions or modifications require the prior approval of the Branch Manager. In the absence of the Branch Manager, the Executive Vice President's or the President's approval is required. Possible qualifications for extensions to cooperative and trustworthy customers include: (a) Medical problems - verifiable; (b) Temporary work loss - verifiable; (c) Pending insurance claim - verifiable; or (d) Bankruptcy trustee cram down. III. REPOSSESSIONS Repossessions of the collateral is only to be pursued after exhausting all other collection efforts. Once the decision is made to attempt repossession, the following process is to be utilized:

CERTAIN CHARACTERISTICS. (A) Each Initial Receivable had a remaining maturity, as of the Initial Cutoff Date, of at least three 3 months but not more than 84 months; (B) each Initial Receivable had an original maturity of at least six 6 months but not more than 84 months; (C) each Initial Receivable had an original principal balance of at least $1,044.70 4,217.81 and not more than $41,653.54 39,491.20; (D) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $517.41 502.35 and not more than $41,653.54 39,299.11; (E) each Initial Receivable has an Annual Percentage Rate of at least 8.007.50% and not more than 24.0023.00%; (F) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date; (G) no funds have been advanced by the Seller, the Servicer, any Dealer, or anyone acting on behalf of any of them in order to cause any Receivable to qualify under clause (F) above, ; (H) no Initial Receivable has a final scheduled payment date on or before June February 1, 1998, 1999; (I) the Principal Balance of each Receivable set forth in Schedule of Receivables is true and accurate in all material respects as of the Initial Cutoff Date, ; (J) 11.3418.1% of the Initial Receivables, by principal balance as of the Initial Cutoff Date, was attributable to loans for the purchase of new Financed Vehicles and 88.66819% of the Initial Receivables was attributable to loans for the purchase of used Financed Vehicles, ; (K) not more than 66.4% of the Principal Balance as of the Initial Cutoff Date was attributable to loans originated under AFL's "Classic" program, (L) not more than 3.42.44% of the Principal Balance of the Initial Receivables as of the Initial Cutoff Date had an Annual Percentage Rate in excess of 21.021%, ; (ML) none of such Receivables represented loans in excess of $50,000.00, ; (NM) not more than 0.60.4% of the Aggregate Principal Balance of such Receivables represented loans with original terms greater than 72 months months; and (ON) not more than 4.32.72% of the Aggregate Principal Balance of such Receivables represented loans secured by Financed Vehicles that previously secured a loan originated by AFL with an obligor other than the current Obligor. SCHEDULE B SERVICING POLICIES AND PROCEDURES NOTE: APPLICABLE TIME PERIODS WILL VARY BY STATE. . I. PAST DUE PAYMENT COLLECTIONS COLLECTIONS A. Past due payment notices are generated and sent on the 9th and 15th day of delinquency. B. The collection officer will make at least one phone call by day 10. C. The collection officer will write a personalized collection letter by day 15 and will have made at least two collection phone calls. D. The collection officer will make at least two (2) more phone calls and write at least one (1) more letter between days 15 and 30. E. The collection officer will send a final demand letter on or about 31 days past due. The letter will allow 10 days to bring the account current. F. The collection officer will recommend either repossession, or some form of reasonable forbearance (e.g., one extension in exchange for a partial payment for cooperative debtors). All phone calls and correspondence will require a brief handwritten comment in the credit file. The date of each comment and the officer's initials will be documented. II. PAYMENT EXTENSIONS Extensions of monthly payments must be granted only after careful consideration and analysis. The extension is not to be used to mask delinquencies, but rather assist in the collection and correction of verifiable and legitimate customer problems. All extensions or modifications require the prior approval of the Branch Manager. In the absence of the Branch Manager, the Executive Vice President's or the President's approval is required. Possible qualifications for extensions to cooperative and trustworthy customers include: (a) Medical problems - verifiable; (b) Temporary work loss - verifiable; (c) Pending insurance claim - verifiable; or (d) Bankruptcy trustee cram down. III. REPOSSESSIONS Repossessions of the collateral is only to be pursued after exhausting all other collection efforts. Once the decision is made to attempt repossession, the following process is to be utilized:

CERTAIN CHARACTERISTICS. (A) Each Initial Receivable had a remaining maturity, as of the Initial Cutoff Date, of at least three 3 months but not more than 84 months; (B) each Initial Receivable had an original maturity of at least six 6 months but not more than 84 months; (C) each Initial Receivable had an original principal balance of at least $1,044.70 4,217.81 and not more than $41,653.54 39,491.20; (D) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $517.41 502.35 and not more than $41,653.54 39,299.11; (E) each Initial Receivable has an Annual Percentage Rate of at least 8.007.50% and not more than 24.0023.00%; (F) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date; (G) no funds have been advanced by the Seller, the Servicer, any Dealer, or anyone acting on behalf of any of them in order to cause any Receivable to qualify under clause (F) above, ; (H) no Initial Receivable has a final scheduled payment date on or before June February 1, 1998, 1999; (I) the Principal Balance of each Receivable set forth in Schedule of Receivables is true and accurate in all material respects as of the Initial Cutoff Date, ; (J) 11.3418.1% of the Initial Receivables, by principal balance as of the Initial Cutoff Date, was attributable to loans for the purchase of new Financed Vehicles and 88.6681.9% of the Initial Receivables was attributable to loans for the purchase of used Financed Vehicles, ; (K) not more than 66.4% of the Principal Balance as of the Initial Cutoff Date was attributable to loans originated under AFL's "Classic" program, (L) not more than 3.42.44% of the Principal Balance of the Initial Receivables as of the Initial Cutoff Date had an Annual Percentage Rate in excess of 21.021%, ; (ML) none of such Receivables represented loans in excess of $50,000.00, ; (NM) not more than 0.60.4% of the Aggregate Principal Balance of such Receivables represented loans with original terms greater than 72 months months; and (ON) not more than 4.32.72% of the Aggregate Principal Balance of such Receivables represented loans secured by Financed Vehicles that previously secured a loan originated by AFL with an obligor other than the current Obligor. SCHEDULE B SERVICING POLICIES AND PROCEDURES NOTE: APPLICABLE TIME PERIODS WILL VARY BY STATE. I. PAST DUE PAYMENT COLLECTIONS A. Past due payment notices are generated and sent on the 9th and 15th day of delinquency. B. The collection officer will make at least one phone call by day 10. C. The collection officer will write a personalized collection letter by day 15 and will have made at least two collection phone calls. D. The collection officer will make at least two (2) more phone calls and write at least one (1) more letter between days 15 and 30. E. The collection officer will send a final demand letter on or about 31 days past due. The letter will allow 10 days to bring the account current. F. The collection officer will recommend either repossession, or some form of reasonable forbearance (e.g., one extension in exchange for a partial payment for cooperative debtors). All phone calls and correspondence will require a brief handwritten comment in the credit file. The date of each comment and the officer's initials will be documented. II. PAYMENT EXTENSIONS Extensions of monthly payments must be granted only after careful consideration and analysis. The extension is not to be used to mask delinquencies, but rather assist in the collection and correction of verifiable and legitimate customer problems. All extensions or modifications require the prior approval of the Branch Manager. In the absence of the Branch Manager, the Executive Vice President's or the President's approval is required. Possible qualifications for extensions to cooperative and trustworthy customers include: (a) Medical problems - verifiable; (b) Temporary work loss - verifiable; (c) Pending insurance claim - verifiable; or (d) Bankruptcy trustee cram down. III. REPOSSESSIONS Repossessions of the collateral is only to be pursued after exhausting all other collection efforts. Once the decision is made to attempt repossession, the following process is to be utilized:

CERTAIN CHARACTERISTICS. (A) Each Initial Receivable had a remaining maturity, as of the Initial Cutoff Date, of at least three 3 months but not more than 84 months; (B) each Initial Receivable had an original maturity of at least six 12 months but not more than 84 months; (C) each Initial Receivable had an original principal balance of at least $1,044.70 3,129.00 and not more than $41,653.54 49,772.31; (D) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $517.41 554.48 and not more than $41,653.54 49,772.31; (E) each Initial Receivable has an Annual Percentage Rate of at least 8.007.50% and not more than 24.0023.99%; (F) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date; (G) no funds have been advanced by the Seller, the Servicer, any Dealer, or anyone acting on behalf of any of them in order to cause any Receivable to qualify under clause (F) above, ; (H) no Initial Receivable has a final scheduled payment date on or before June 1, 1998, 1999; (I) the Principal Balance of each Receivable set forth in Schedule of Receivables is true and accurate in all material respects as of the Initial Cutoff Date, ; (J) 11.3413.02% of the Initial Receivables, by principal balance as of the Initial Cutoff Date, was attributable to loans for the purchase of new Financed Vehicles and 88.6686.98% of the Initial Receivables was attributable to loans for the purchase of used Financed Vehicles, ; (K) not more than 66.4% of the Principal Balance as of the Initial Cutoff Date was attributable to loans originated under AFL's "Classic" program, (L) not more than 3.43.64% of the Principal Balance of the Initial Receivables as of the Initial Cutoff Date had an Annual Percentage Rate in excess of 21.021.00%, ; (ML) none of such Receivables represented loans in excess of $50,000.00, ; (NM) not more than 0.60.05% of the Aggregate Principal Balance of such Receivables represented loans with original terms greater than 72 months months; and (ON) not more than 4.31.21% of the Aggregate Principal Balance of such Receivables represented loans secured by Financed Vehicles that previously secured a loan originated by AFL with an obligor other than the current Obligor. SCHEDULE B SERVICING POLICIES AND PROCEDURES NOTE: APPLICABLE TIME PERIODS WILL VARY BY STATE. . I. PAST DUE PAYMENT COLLECTIONS COLLECTIONS A. Past due payment notices are generated and sent on the 9th and 15th day of delinquency. B. The collection officer will make at least one phone call by day 10. C. The collection officer will write a personalized collection letter by day 15 and will have made at least two collection phone calls. D. The collection officer will make at least two (2) more phone calls and write at least one (1) more letter between days 15 and 30. E. The collection officer will send a final demand letter on or about 31 days past due. The letter will allow 10 days to bring the account current. F. The collection officer will recommend either repossession, or some form of reasonable forbearance (e.g., one extension in exchange for a partial payment for cooperative debtors). All phone calls and correspondence will require a brief handwritten comment in the credit file. The date of each comment and the officer's initials will be documented. II. PAYMENT EXTENSIONS Extensions of monthly payments must be granted only after careful consideration and analysis. The extension is not to be used to mask delinquencies, but rather assist in the collection and correction of verifiable and legitimate customer problems. All extensions or modifications require the prior approval of the Branch Manager. In the absence of the Branch Manager, the Executive Vice President's or the President's approval is required. Possible qualifications for extensions to cooperative and trustworthy customers include: (a) Medical problems - verifiable; (b) Temporary work loss - verifiable; (c) Pending insurance claim - verifiable; or (d) Bankruptcy trustee cram down. III. REPOSSESSIONS Repossessions of the collateral is only to be pursued after exhausting all other collection efforts. Once the decision is made to attempt repossession, the following process is to be utilized:

CERTAIN CHARACTERISTICS. (A) Each Initial Receivable had a remaining maturity, as of the Initial Cutoff Date, of at least three 3 months but not more than 84 months; (B) each Initial Receivable had an original maturity of at least six 12 months but not more than 84 months; (C) each Initial Receivable had an original principal balance of at least $1,044.70 610.00 and not more than $41,653.54 77,071.93; (D) each D)each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $517.41 507.54 and not more than $41,653.54 76,619.22; (E) each Initial Receivable has an Annual Percentage Rate of at least 8.007.50% and not more than 24.0023.45%; (F) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date; (G) no funds have been advanced by the Seller, the Servicer, any Dealer, or anyone acting on behalf of any of them in order to cause any Receivable to qualify under clause (F) above, (H) no Initial Receivable has a final scheduled payment date on or before June 1, 19981997, and (I) the Principal Balance of each Receivable set forth in Schedule of Receivables is true and accurate in all material respects as of the Initial Cutoff Date, (J) 11.3417.25% of the Initial Receivables, by principal balance as of the Initial Cutoff Date, was attributable to loans for the purchase of new Financed Vehicles and 88.6682.75% of the Initial Receivables was attributable to loans for the purchase of used Financed Vehicles, (K) not more than 66.449% of the Principal Balance as of the Initial Cutoff Date was attributable to loans originated under AFLOFL's "Classic" program, (L) not more than 3.42% of the Principal Balance of the Initial Receivables as of the Initial Cutoff Date had an Annual Percentage Rate in excess of 21.021%, (M) none not more than 0.25% of the Principal Balance of such Receivables represented loans in excess of $50,000.0050,000, (N) not more than 0.60.40% of the Principal Balance of such Receivables represented loans with original terms greater than 72 months and (O) not more than 4.35.0% of the Principal Balance of such Receivables represented loans secured by Financed Vehicles that previously secured a loan originated by AFL with an obligor other than the current Obligor. SCHEDULE B SERVICING POLICIES AND PROCEDURES NOTE: APPLICABLE TIME PERIODS WILL VARY BY STATE. I. PAST DUE PAYMENT COLLECTIONS A. Past due payment notices are generated and sent on the 9th and 15th day of delinquency. B. The collection officer will make at least one phone call by day 10. C. The collection officer will write a personalized collection letter by day 15 and will have made at least two collection phone calls. D. The collection officer will make at least two (2) more phone calls and write at least one (1) more letter between days 15 and 30. E. The collection officer will send a final demand letter on or about 31 days past due. The letter will allow 10 days to bring the account current. F. The collection officer will recommend either repossession, or some form of reasonable forbearance (e.g., one extension in exchange for a partial payment for cooperative debtors). All phone calls and correspondence will require a brief handwritten comment in the credit file. The date of each comment and the officer's initials will be documented. II. PAYMENT EXTENSIONS Extensions of monthly payments must be granted only after careful consideration and analysis. The extension is not to be used to mask delinquencies, but rather assist in the collection and correction of verifiable and legitimate customer problems. All extensions or modifications require the prior approval of the Branch Manager. In the absence of the Branch Manager, the Executive Vice President's or the President's approval is required. Possible qualifications for extensions to cooperative and trustworthy customers include: (a) Medical problems - verifiable; (b) Temporary work loss - verifiable; (c) Pending insurance claim - verifiable; or (d) Bankruptcy trustee cram down. III. REPOSSESSIONS Repossessions of the collateral is only to be pursued after exhausting all other collection efforts. Once the decision is made to attempt repossession, the following process is to be utilized:Financed

CERTAIN CHARACTERISTICS. (A) Each Initial Receivable had a remaining maturity, as of the Initial Cutoff Date, of at least three 3 months but not more than 84 months; (B) each Initial Receivable had an original maturity of at least six 6 months but not more than 84 months; (C) each Initial Receivable had an original principal balance of at least $1,044.70 3,104.80 and not more than $41,653.54 50,853.05; (D) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $517.41 547.78 and not more than $41,653.54 50,853.05; (E) each Initial Receivable has an Annual Percentage Rate of at least 8.007.74% and not more than 24.0023.45%; (F) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date; (G) no funds have been advanced by the Seller, the Servicer, any Dealer, or anyone acting on behalf of any of them in order to cause any Receivable to qualify under clause (F) above, ; (H) no Initial Receivable has a final scheduled payment date on or before June March 1, 1998, 1999; (I) the Principal Balance of each Receivable set forth in Schedule of Receivables is true and accurate in all material respects as of the Initial Cutoff Date, ; (J) 11.3413.07% of the Initial Receivables, by principal balance as of the Initial Cutoff Date, was attributable to loans for the purchase of new Financed Vehicles and 88.6686.93% of the Initial Receivables was attributable to loans for the purchase of used Financed Vehicles, ; (K) not more than 66.4% of the Principal Balance as of the Initial Cutoff Date was attributable to loans originated under AFL's "Classic" program, (L) not more than 3.42.51% of the Principal Balance of the Initial Receivables as of the Initial Cutoff Date had an Annual Percentage Rate in excess of 21.021.00%, ; (ML) none 0.03% of such Receivables represented loans in excess of $50,000.00, ; (NM) not more than 0.60.31% of the Aggregate Principal Balance of such Receivables represented loans with original terms greater than 72 months months; and (ON) not more than 4.32.76% of the Aggregate Principal Balance of such Receivables represented loans secured by Financed Vehicles that previously secured a loan originated by AFL with an obligor other than the current Obligor. SCHEDULE B SERVICING POLICIES AND PROCEDURES NOTE: APPLICABLE TIME PERIODS WILL VARY BY STATE. I. PAST DUE PAYMENT COLLECTIONS A. Past due payment notices are generated and sent on the 9th and 15th day of delinquency. B. The collection officer will make at least one phone call by day 10. C. The collection officer will write a personalized collection letter by day 15 and will have made at least two collection phone calls. D. The collection officer will make at least two (2) more phone calls and write at least one (1) more letter between days 15 and 30. E. The collection officer will send a final demand letter on or about 31 days past due. The letter will allow 10 days to bring the account current. F. The collection officer will recommend either repossession, or some form of reasonable forbearance (e.g., one extension in exchange for a partial payment for cooperative debtors). All phone calls and correspondence will require a brief handwritten comment in the credit file. The date of each comment and the officer's initials will be documented. II. PAYMENT EXTENSIONS Extensions of monthly payments must be granted only after careful consideration and analysis. The extension is not to be used to mask delinquencies, but rather assist in the collection and correction of verifiable and legitimate customer problems. All extensions or modifications require the prior approval of the Branch Manager. In the absence of the Branch Manager, the Executive Vice President's or the President's approval is required. Possible qualifications for extensions to cooperative and trustworthy customers include: (a) Medical problems - verifiable; (b) Temporary work loss - verifiable; (c) Pending insurance claim - verifiable; or (d) Bankruptcy trustee cram down. III. REPOSSESSIONS Repossessions of the collateral is only to be pursued after exhausting all other collection efforts. Once the decision is made to attempt repossession, the following process is to be utilized:

CERTAIN CHARACTERISTICS. (A) Each Initial Receivable had a remaining maturity, as of the Initial Cutoff Date, of at least three 3 months but not more than 84 months; (B) each Initial Receivable had an original maturity of at least six 12 months but not more than 84 months; (C) each Initial Receivable had an original principal balance of at least $1,044.70 3,800.00 and not more than $41,653.54 61,115.23; (D) each Initial Receivable had a remaining Principal Balance as of the Initial Cutoff Date of at least $517.41 526.88 and not more than $41,653.54 61,115.23; (E) each Initial Receivable has an Annual Percentage Rate of at least 8.007.00% and not more than 24.0023.99%; (F) no Initial Receivable was more than 30 days past due as of the Initial Cutoff Date; (G) no funds have been advanced by the Seller, the Servicer, any Dealer, or anyone acting on behalf of any of them in order to cause any Receivable to qualify under clause (F) above, ; (H) no Initial Receivable has a final scheduled payment date on or before June September 1, 1998, 1999; (I) the Principal Balance of each Receivable set forth in Schedule of Receivables is true and accurate in all material respects as of the Initial Cutoff Date, ; (J) 11.3413.31% of the Initial Receivables, by principal balance as of the Initial Cutoff Date, was attributable to loans for the purchase of new Financed Vehicles and 88.6686.69% of the Initial Receivables was attributable to loans for the purchase of used Financed Vehicles, ; (K) not more than 66.44.00% of the Aggregate Principal Balance as of the Initial Cutoff Date was such Receivables will be attributable to loans originated under AFL's "Classic" programReceivables with an Annual Percentage Rate in excess of 21.00%, (L) not more than 3.40.25% of the Aggregate Principal Balance of the Initial Receivables as of the Initial Cutoff Date had an Annual Percentage Rate in excess of 21.0%, (M) none of such Receivables represented will represent loans on Financed Vehicles in excess of $50,000.00, (NM) not more than 0.63.00% of the Aggregate Principal Balance of such Receivables represented will represent loans with original terms greater than 72 months and (ON) not more than 4.30.25% of the Aggregate Principal Balance of such Receivables represented will represent loans secured by Financed Vehicles that previously secured a loan originated by AFL with an obligor other than the current Obligor. SCHEDULE B SERVICING POLICIES AND PROCEDURES NOTE: APPLICABLE TIME PERIODS WILL VARY BY STATE. I. PAST DUE PAYMENT COLLECTIONS A. Past due payment notices are generated and sent on the 9th and 15th day of delinquency. B. The collection officer will make at least one phone call by day 10. C. The collection officer will write a personalized collection letter by day 15 and will have made at least two collection phone calls. D. The collection officer will make at least two (2) more phone calls and write at least one (1) more letter between days 15 and 30. E. The collection officer will send a final demand letter on or about 31 days past due. The letter will allow 10 days to bring the account current. F. The collection officer will recommend either repossession, or some form of reasonable forbearance (e.g., one extension in exchange for a partial payment for cooperative debtors). All phone calls and correspondence will require a brief handwritten comment in the credit file. The date of each comment and the officer's initials will be documented. II. PAYMENT EXTENSIONS Extensions of monthly payments must be granted only after careful consideration and analysis. The extension is not to be used to mask delinquencies, but rather assist in the collection and correction of verifiable and legitimate customer problems. All extensions or modifications require the prior approval of the Branch Manager. In the absence of the Branch Manager, the Executive Vice President's or the President's approval is required. Possible qualifications for extensions to cooperative and trustworthy customers include: (a) Medical problems - verifiable; (b) Temporary work loss - verifiable; (c) Pending insurance claim - verifiable; or (d) Bankruptcy trustee cram down. III. REPOSSESSIONS Repossessions of the collateral is only to be pursued after exhausting all other collection efforts. Once the decision is made to attempt repossession, the following process is to be utilized: