FIRST AMENDMENT TO INSURANCE AND INDEMNITY AGREEMENT

Exhibit No. 10.3

FIRST AMENDMENT TO
INSURANCE AND INDEMNITY AGREEMENT

FIRST AMENDMENT TO INSURANCE AND INDEMNITY AGREEMENT, dated as of August 11, 2006, by and among FINANCIAL SECURITY ASSURANCE INC., as Insurer (the “Insurer”), TRIAD AUTOMOBILE RECEIVABLES TRUST 2006-B, as Issuer (the “Issuer”), TRIAD FINANCIAL CORPORATION (“Triad”), as Seller and Servicer (the “Seller” and “Servicer”, respectively) TRIAD FINANCIAL SPECIAL PURPOSE LLC, as Depositor (the “Depositor”), and CITIBANK, N.A. as Indenture Trustee (the “Indenture Trustee”).

PRELIMINARY STATEMENTS

	A.		The parties entered into that certain Insurance and Indemnity Agreement (the “Insurance Agreement”) dated as of May 25, 2006, which provides for, among other things, the issuance of the FSA Policy to the Indenture Trustee for the benefit of the Holders and the obligations of the parties thereto.
	B.		The parties desire to modify the Schedules A and C attached to the Insurance Agreement.

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

1)		The Schedule A attached to the Insurance Agreement shall be deleted in its entirety and replaced by the Schedule A attached hereto.
2)		The Schedule C attached to the Insurance Agreement shall be deleted in its entirety and replaced by the Schedule C attached hereto.
2)		This Amendment shall be effective as of July 1, 2006.
3)		The Insurance Agreement will continue to be and will remain in full force and effect in accordance with its terms except as amended hereby.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

IN WITNESS WHEREOF, the parties have executed this First Amendment to Insurance and Indemnity Agreement, all as of the day and year first above mentioned.

	FINANCIAL SECURITY ASSURANCE INC. as Insurer
	By:	/s/ ▇▇▇▇▇ ▇▇▇
		Name:	▇▇▇▇▇ ▇▇▇
		Title:	Managing Director
	TRIAD AUTOMOBILE RECEIVABLES TRUST 2006-B as Issuer
	By:	WILMINGTON TRUST COMPANY
		not in its individual capacity,
		but solely as Owner Trustee
	By:	/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
		Name:	▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
		Title:	Sr. Financial Services Officer
	TRIAD FINANCIAL SPECIAL PURPOSE LLC as Depositor
	By:	/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		Name:	▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		Title:	Chief Financial Officer
	TRIAD FINANCIAL CORPORATION as Seller and Servicer
	By:	/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		Name:	▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
		Title:	Chief Financial Officer
	CITIBANK, N.A. not in its individual capacity, but solely as Indenture Trustee
	By:	/s/ ▇▇▇▇ ▇▇▇▇▇▇
		Name:	▇▇▇▇ ▇▇▇▇▇▇
		Title:	Assistant Vice President

[Signature page to First Amendment to Insurance and Indemnity Agreement]

SCHEDULE A

Collection				Collection Period
Period (number of		Delinquency		(number of months		Delinquency
months following		Rate (%) for Spread		following Closing		Rate (%) for Spread
Closing Date)		Cap Events		Date)		Cap Events
1		0.25%		13		7.50%
2		1.00%		14		7.50%
3		2.50%		15		8.25%
4		3.25%		16		8.50%
5		4.25%		17		8.75%
6		5.00%		18		8.75%
7		5.00%		19 and up		9.00%
8		5.75%
9		6.00%
10		6.00%
11		6.00%
12		6.50%

SCHEDULE C

Collection				Collection Period
Period (number of		Delinquency		(number of months		Delinquency
months following		Rate (%) for Trigger		following Closing		Rate (%) for Trigger
Closing Date)		Events		Date)		Events
1		0.50%		13		9.75%
2		1.25%		14		10.00%
3		2.75%		15		11.00%
4		4.50%		16		11.50%
5		4.50%		17		11.50%
6		5.50%		18		11.50%
7		6.75%		19		12.00%
8		7.75%		20		12.00%
9		8.25%		21		12.00%
10		8.25%		22		12.00%
11		8.75%		23		12.00%
12		8.75%		24 and up		12.00%