ADMINISTRATION AGREEMENT

                                                                  Exhibit 99.2
                                                                  ------------


                                                                EXECUTION COPY


                           ADMINISTRATION AGREEMENT


     This ADMINISTRATION AGREEMENT, dated as of November 21, 2006 (as from
time to time amended, supplemented or otherwise modified and in effect, this
"Agreement"), is by and among USAA AUTO OWNER TRUST 2006-4, a Delaware
statutory trust (the "Issuer"), USAA FEDERAL SAVINGS BANK, a federally
chartered savings association, as administrator (in such capacity, the
"Administrator"), and THE BANK OF NEW YORK, a New York banking corporation,
not in its individual capacity but solely as Indenture Trustee (in such
capacity, the "Indenture Trustee").

     WHEREAS, the Issuer is issuing the Notes pursuant to the Indenture and
the Certificates pursuant to the Trust Agreement and has entered into certain
agreements in connection therewith, including (i) the Sale and Servicing
Agreement, (ii) the Note Depository Agreement and (iii) the Indenture (the
Trust Agreement, the Sale and Servicing Agreement, the Note Depository
Agreement and the Indenture being referred to hereinafter collectively as the
"Related Agreements");

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

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

     NOW, THEREFORE, in consideration of the mutual covenants contained
herein, and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto, intending to be legally
bound, agree as follows:

     1. Definitions and Usage. Except as otherwise specified herein or as the
context may otherwise require, capitalized terms used but not otherwise
defined herein are defined in Appendix A hereto, which also contains rules as
to usage that shall be applicable herein.

     2. Duties of the Administrator. (a) Duties with Respect to the Indenture
and the Note Depository Agreement. (i) The Administrator agrees to perform all
its duties as Administrator and the duties of the Issuer under the Note
Depository Agreement. In addition, the Administrator shall consult with the
Owner Trustee regarding the duties of the Issuer under the Indenture and the
Note Depository Agreement. The Administrator shall monitor the performance of
the Issuer and shall advise the Owner Trustee when action is necessary to
comply with the Issuer's duties under the Indenture and the Note Depository
Agreement. The Administrator shall prepare for execution by the Issuer, or
shall cause the preparation by other appropriate Persons of, all such
documents, reports, filings, instruments, notices, certificates and opinions
that it shall be the duty of the Issuer to prepare, file or deliver pursuant
to the Indenture


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and the Note Depository Agreement. In furtherance of the foregoing, the
Administrator shall take, in the name and on behalf of the Issuer, all
appropriate action that is the duty of the Issuer to take, pursuant to the
Indenture including, without limitation, such of the foregoing as are required
with respect to the following matters under the Indenture (references are to
sections of the Indenture):

          (A) the preparation of or obtaining of the documents and instruments
     required for execution of the Notes and delivery of the same to the
     Indenture Trustee for authentication (Section 2.2);

          (B) the duty to cause the Note Register to be kept and to give the
     Indenture Trustee notice of any appointment of a new Note Registrar and
     the location, or change in location, of the Note Register and the
     determination as to whether the requirements of UCC Section 8-401(a) are
     met and the preparation of an Issuer Request requesting the Indenture
     Trustee to authenticate and deliver Notes in connection with any transfer
     or exchange (Section 2.5);

          (C) the determination as to whether the requirements of UCC Section
     8-405 are met and the preparation of an Issuer Request requesting the
     Indenture Trustee to authenticate and deliver replacement Notes in lieu
     of mutilated, destroyed, lost or stolen Notes (Section 2.6);

          (D) the determination of the expenses associated with the issuance
     of replacement Notes (Section 2.6(b));

          (E) the preparation, obtaining or filing of Issuer Requests,
     instruments, opinions and certificates and other documents required for
     the release of property from the lien of the Indenture (Section 2.10);

          (F) the preparation of Definitive Notes in accordance with the
     instructions of the Clearing Agency and delivery of such to the Indenture
     Trustee (Section 2.13);

          (G) the maintenance and notice of location of the office in the
     Borough of Manhattan, The City of New York, for registration of transfer
     or exchange of Notes if the Indenture Trustee ceases to maintain such an
     office (Section 3.2);

          (H) the duty to cause newly appointed Note Paying Agents, if any, to
     deliver to the Indenture Trustee the instrument specified in the
     Indenture regarding funds held in trust (Section 3.3(c));

          (I) the delivery of the Issuer Order to the Indenture Trustee to
     deposit monies with Note Paying Agents, if any, other than the Indenture
     Trustee (Section 3.3(d));

          (J) the delivery of an Issuer Request for publication and
     notification of unclaimed amounts (Section 3.3(e));


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          (K) the maintenance of the Issuer's status as a statutory trust and
     the obtaining and preservation of the Issuer's qualification to do
     business in each jurisdiction in which such qualification is or shall be
     necessary to protect the validity and enforceability of the Indenture,
     the Notes, the Collateral and each other instrument or agreement included
     in the Indenture Trust Estate (Section 3.4);

          (L) the preparation and filing, as applicable, of all supplements
     and amendments to the Indenture and all financing statements,
     continuation statements, instruments of further assurance and other
     instruments and the taking of such other action as is necessary or
     advisable to protect the Indenture Trust Estate (Sections 3.5 and
     3.7(c));

          (M) the delivery of the Opinion of Counsel on the Closing Date and
     the annual delivery of Opinions of Counsel as to the Indenture Trust
     Estate, and the annual delivery of the Officer's Certificate and certain
     other statements as to compliance with the Indenture (Sections 3.6 and
     3.9);

          (N) the identification to the Indenture Trustee in an Officer's
     Certificate of any Person with whom the Issuer has contracted to perform
     its duties under the Indenture (Section 3.7(b));

          (O) the notification of the Indenture Trustee and the Rating
     Agencies of an Event of Servicing Termination under the Sale and
     Servicing Agreement and, if such Event of Servicing Termination arises
     from the failure of the Servicer to perform any of its duties under the
     Sale and Servicing Agreement with respect to the Receivables, the taking
     of all reasonable steps available to remedy such failure (Section
     3.7(d));

          (P) the appointment of the Successor Servicer and preparation of the
     related servicing agreement (Section 3.7(e));

          (Q) the notification of the termination of the Servicer and
     appointment of the Successor Servicer (Section 3.7(f));

          (R) the preparation and obtaining of any documents, instruments and
     opinions required for the consolidation or merger of the Issuer with
     another entity or the transfer by the Issuer of its properties or assets
     (Section 3.10);

          (S) the delivery of a letter for release (Section 3.11(b));

          (T) the duty to cause the Servicer to comply with Sections 3.9,
     3.10, 3.11, 3.12, 3.13 and 4.9 and Article VI of the Sale and Servicing
     Agreement (Section 3.14);

          (U) upon the request of the Indenture Trustee, the execution and
     delivery of any instruments and the undertaking of any actions reasonably
     necessary to carry out more effectively the purpose of the Indenture
     (Section 3.17);


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          (V) the delivery of written notice to the Indenture Trustee and the
     Rating Agencies of each Event of Default under the Indenture and each
     default by any party to the Sale and Servicing Agreement (Section 3.19);

          (W) the monitoring of the Issuer's obligations as to the
     satisfaction and discharge of the Indenture and the preparation of an
     Officer's Certificate and the obtaining of the Opinions of Counsel and
     the Independent Certificate relating thereto and the demand to the
     Indenture Trustee for execution of certain instruments (Section 4.1);

          (X) the monitoring of the Issuer's obligations as to the
     satisfaction, discharge and defeasance of the Notes and the preparation
     of an Officer's Certificate and the obtaining of an opinion of a
     nationally recognized firm of independent certified public accountants, a
     written certification thereof and the Opinions of Counsel relating
     thereto (Section 4.1);

          (Y) the demand to remit monies (Section 4.3);

          (Z) the preparation of an Officer's Certificate to the Indenture
     Trustee after the occurrence of any event which with the giving of notice
     and the lapse of time would become an Event of Default under Section
     5.1(iii) of the Indenture, its status and what action the Issuer is
     taking or proposes to take with respect thereto (Section 5.1);

          (AA) the compliance with any written directive of the Indenture
     Trustee with respect to the sale of the Indenture Trust Estate at one or
     more public or private sales called and conducted in any manner permitted
     by law if an Event of Default shall have occurred and be continuing
     (Section 5.4);

          (AB) the undertaking of actions set forth in Section 5.16 as
     requested by the Indenture Trustee (Section 5.16);

          (AC) the payment of expenses, costs and indemnities to the Indenture
     Trustee (Section 6.7);

          (AD) the removal of the Indenture Trustee upon the occurrence of
     certain events, the preparation and delivery of notice to Noteholders of
     the removal of the Indenture Trustee, the appointment of a successor
     Indenture Trustee, the payment of any expenses incurred in changing an
     indenture trustee, and, if necessary, the petition of a court of
     competent jurisdiction for the appointment of a successor Indenture
     Trustee (Section 6.8);

          (AE) the furnishing of the Indenture Trustee with the names and
     addresses of Noteholders during any period when the Indenture Trustee is
     not the Note Registrar (Section 7.1);


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          (AF) the preparation and, after execution by the Issuer, the filing
     with the Commission, any applicable state agencies and the Indenture
     Trustee of documents required to be filed on a periodic basis with, and
     summaries thereof as may be required by rules and regulations prescribed
     by, the Commission and any applicable state agencies and the transmission
     of such summaries, as necessary, to the Noteholders (Section 7.3(a)); it
     being understood by the parties hereto that the Indenture Trustee shall
     have no duty or obligation to sign or file any report required to be
     filed with the Commission or any other state agency or provide any
     certification to any such Person or to the Administrator or any other
     Person that is obligated to sign and file any such report;

          (AG) the notification to the Indenture Trustee of the listing of the
     Notes on any stock exchange (Section 7.4);

          (AH) the preparation of an Issuer Request and Officer's Certificate
     and the obtaining of an Opinion of Counsel and Independent Certificates,
     if necessary, for the release of the Indenture Trust Estate (Sections 8.4
     and 8.5);

          (AI) the preparation of Issuer Orders and the obtaining of Opinions
     of Counsel with respect to the execution of supplemental indentures and
     the mailing to the Noteholders of notices with respect to such
     supplemental indentures (Sections 9.1, 9.2 and 9.3);

          (AJ) the determination to execute and deliver new Notes conforming
     to any supplemental indenture (Section 9.6);

          (AK) the notice and deposit of money for prepayment of the Notes
     (Section 10.1);

          (AL) the notice to the Indenture Trustee and the duty to cause the
     Indenture Trustee to provide notification to Noteholders of prepayment of
     the Notes (Section 10.2);

          (AM) the preparation of all Officer's Certificates, Issuer Requests
     and Issuer Orders and the obtaining of Opinions of Counsel and