CONFIRMATION FOR U.S. DOLLAR INTEREST RATE SWAP TRANSACTION UNDER 1992 MASTER AGREEMENT

Trade Date:

March 8, 2005

Effective Date:

March 16, 2005

Termination Date:

The earliest of (i) December 15, 2008 and (ii) when the Notional Amount hereunder has been reduced to zero, subject to adjustment in accordance with the Following Business Day Convention and subject to early termination in accordance with the terms of the Agreement.

Calculation Periods:

For each Fixed Rate Payer Payment Date, the period from and including the immediately preceding Fixed Rate Payer Period End Date to, but excluding, the next Fixed Rate Payer Period End Date, during the Term of this Swap Transaction, except that (a) the initial Fixed Rate Calculation Period will commence on, and include, the Effective Date, and (b) the final Fixed Rate Calculation Period will end on, but exclude, the Termination Date (without regard to any Business Day adjustment in the case of the final Fixed Rate Calculation Period) (“Fixed Rate Calculation Period”).

For each Floating Rate Payer Payment Date, the period from and including the immediately preceding Floating Rate Payer Payment Date to, but excluding, such Floating Rate Payer Payment Date, during the Term of this Swap Transaction, except that (a) the initial Floating Rate Calculation Period will commence on, and include, the Effective Date, and (b) the final Floating Rate Calculation Period will end on, but exclude, the Termination Date (“Floating Rate Calculation Period”). Floating Rate Calculation Periods correspond to “Interest Periods” under the Indenture dated as of March 16, 2005, between Party B and JPMorgan Chase Bank, N.A. as indenture trustee (the “Indenture”).

Notional Amount:

The Outstanding Amount of the Class A-4a Notes as of the close of business on the first day of each Floating Rate Calculation Period. “Outstanding Amount” and “Class A-4a Notes” each has the meaning specified in Appendix A to the Indenture.

Fixed Amounts:

Fixed Rate Payer:

Party B

Fixed Rate Payer

Payment Dates:

The 15^th day of each month, commencing April 15, 2005, subject to adjustment in accordance with the Following Business Day Convention.

Fixed Rate Payer

Period End Date:

The 15^th day of each month, commencing April 15, 2005, without adjustment.

Fixed Rate:

4.2825 per cent

Fixed Rate

Day Count Fraction:

30/360

Fixed Rate Payer Payment

Amounts:

For each Fixed Rate Payer Payment Date, in respect of a Fixed Rate Calculation Period, the product of (a) the Fixed Rate, (b) the Fixed Rate Day Count Fraction and (c) the Notional Amount for such Fixed Rate Calculation Period.

Floating Amounts:

Floating Rate Payer:

Party A

Floating Rate Payer

Payment Dates:

The 15^th day of each month, commencing April 15, 2005, subject to adjustment in accordance with the Following Business Day Convention.

Floating Rate Option:

USD-LIBOR-BBA (set two London Banking Days prior to the first day of each Floating Rate Calculation Period).

Designated Maturity:

One month

Initial Floating Rate:

2.82 per cent

Spread:

None

Floating Rate

Day Count Fraction:

Actual/360

Floating Rate Payer

Payment Amounts:

For each Floating Rate Payer Payment Date, in respect of a Floating Rate Calculation Period, the product of (a) the Floating Rate, (b) the Floating Rate Day Count Fraction and (c) the Notional Amount for such Floating Rate Calculation Period.

Reset Dates:

Other than in connection with the Initial Floating Rate, the first day of each Calculation Period.

Compounding:

Inapplicable

Business Days:

New York

Business Day Convention:

Following.

Calculation Agent:

Party A

3.                                       Account Details:

Payments to Party A:

ABN AMRO Bank N.V., New York, ABNAUS33

CHIPS 007535

ABA No. 026009580

A/C Name: ABN Amro Bank N.V., London

A/C No. /661001036741

Ref. DCM

Payments to Party B:

JPMorgan Chase Bank, N.A.-New York, NY

ABA #021000021

Account #507199782

Ref: CNH 2005-A Swap Pymt

Attn: K. Richardson (312 ###-###-####)

ABN AMRO BANK N.V.

Accepted and confirmed as of the date first
written:

By:

/s/ DENIS VISKOVICH

Name: Denis Viskovich

CNH Equipment Trust 2005-A

Title: Authorized Signatory

By: The Bank of New York, not in its individual
capacity but solely as Trustee

By:

/s/ DOUGLAS SCOTT

Name: Douglas Scott

Title:

By:

/s/ CATHERINE MURRAY

Name: Catherine Murray

Title: Assistant Treasurer