EXHIBIT 20.1

WFS FINANCIAL 2005-1 OWNER TRUST

Statement to Securityholders
for Collection Period ended July 31, 2005
for Distribution Date of August 17, 2005
Class A-1


Original Principal Balance				267,000,000.00

Aggregate Balances:			Totals		Per $1000 Orig Prin Balance

Principal Amount of Notes as of Prior Distribution Date				0.00		0.000000

Principal Amount of Notes as of Current Distribution Date				0.00		0.000000

Pool Factor				0.000000

Principal Distribution Amount:

Principal Distribution Amount	0.00					0.000000

Interest Distributable Amount:

Note Monthly Interest Distributable Amount	0.00					0.000000
Plus: Prior Interest Carryover	0.00					0.000000

Total Interest Distributable Amount	0.00					0.000000

Interest Distribution Amount	0.00					0.000000


Current Interest Carryover				0.00		0.000000

Aggregate Security Related Information:					Per $1000 Aggregate Orig Note Bal

Aggregate Principal Balance	1,291,504,268.06
Outstanding Amount of Notes	1,210,085,710.60

Excess	81,418,557.46


Overcollateralization Amount	83,947,777.42

Servicing Fee	1,399,460.00					0.901714

Beginning Spread Account Balance	8,000,000.00
Investment earnings on funds in spread account	17,747.21
Amount withdrawn from Spread Account	(8,017,747.21	)
Deposits	8,000,000.00
Excess Spread Amount	—

Ending Spread Account Balance	8,000,000.00


Net Collections	62,866,744.31

Delinquencies (P&I):
30-59 Days	17,744,971.61
60-89 Days	4,259,170.68
90-119 Days	1,599,281.40
120 days and over	79,647.56

Aggregate Excess Spread Amount	—
Total Initial Spread Deposit Repayment	—

Certificate Distributable Amount (LTD)	—

WFS FINANCIAL 2005-1 OWNER TRUST

Statement to Securityholders
for Collection Period ended July 31, 2005
for Distribution Date of August 17, 2005
Class A-2


Original Principal Balance				375,000,000.00
Aggregate Balances:			Totals		Per $1000 Orig Prin Balance

Principal Amount of Notes as of Prior Distribution Date				357,799,249.79		954.131333

Principal Amount of Notes as of Current Distribution Date				308,114,793.90		821.639450

Pool Factor				0.821639

Principal Distribution Amount:

Principal Distribution Amount	49,684,455.89					132.491882

Interest Distributable Amount:

Note Monthly Interest Distributable Amount	951,149.67					2.536399
Plus: Prior Interest Carryover	0.00					0.000000

Total Interest Distributable Amount	951,149.67					2.536399

Interest Distribution Amount	951,149.67					2.536399


Current Interest Carryover				0.00		0.000000

Aggregate Security Related Information:					Per $1000 Aggregate Orig Note Bal

Aggregate Principal Balance	1,291,504,268.06
Outstanding Amount of Notes	1,210,085,710.60

Excess	81,418,557.46


Overcollateralization Amount	83,947,777.42

Servicing Fee	1,399,460.00					0.901714

Beginning Spread Account Balance	8,000,000.00
Investment earnings on funds in spread account	17,747.21
Amount withdrawn from Spread Account	(8,017,747.21	)
Deposits	8,000,000.00
Excess Spread Amount	—

Ending Spread Account Balance	8,000,000.00


Net Collections	62,866,744.31

Delinquencies (P&I):
30-59 Days	17,744,971.61
60-89 Days	4,259,170.68
90-119 Days	1,599,281.40
120 days and over	79,647.56

Aggregate Excess Spread Amount	—
Total Initial Spread Deposit Repayment	—

Certificate Distributable Amount (LTD)	—

WFS FINANCIAL 2005-1 OWNER TRUST

Statement to Securityholders
for Collection Period ended July 31, 2005
for Distribution Date of August 17, 2005
Class A-3


Original Principal Balance				510,000,000.00

Aggregate Balances:			Totals		Per $1000 Orig Prin Balance

Principal Amount of Notes as of Prior Distribution Date				510,000,000.00		1000.000000

Principal Amount of Notes as of Current Distribution Date				510,000,000.00		1000.000000

Pool Factor				1.000000

Principal Distribution Amount:

Principal Distribution Amount	0.00					0.000000

Interest Distributable Amount:

Note Monthly Interest Distributable Amount	1,525,750.00					2.991667
Plus: Prior Interest Carryover	0.00					0.000000

Total Interest Distributable Amount	1,525,750.00					2.991667

Interest Distribution Amount	1,525,750.00					2.991667


Current Interest Carryover				0.00		0.000000

Aggregate Security Related Information:					Per $1000 Aggregate Orig Note Bal

Aggregate Principal Balance	1,291,504,268.06
Outstanding Amount of Notes	1,210,085,710.60

Excess	81,418,557.46


Overcollateralization Amount	83,947,777.42

Servicing Fee	1,399,460.00					0.901714

Beginning Spread Account Balance	8,000,000.00
Investment earnings on funds in spread account	17,747.21
Amount withdrawn from Spread Account	(8,017,747.21	)
Deposits	8,000,000.00
Excess Spread Amount	—

Ending Spread Account Balance	8,000,000.00


Net Collections	62,866,744.31

Delinquencies (P&I):
30-59 Days	17,744,971.61
60-89 Days	4,259,170.68
90-119 Days	1,599,281.40
120 days and over	79,647.56

Aggregate Excess Spread Amount	—
Total Initial Spread Deposit Repayment	—

Certificate Distributable Amount (LTD)	—

WFS FINANCIAL 2005-1 OWNER TRUST

Statement to Securityholders
for Collection Period ended July 31, 2005
for Distribution Date of August 17, 2005
Class A-4


Original Principal Balance				224,000,000.00

Aggregate Balances:			Totals		Per $1000 Orig Prin Balance

Principal Amount of Notes as of Prior Distribution Date				224,000,000.00		1000.000000

Principal Amount of Notes as of Current Distribution Date				224,000,000.00		1000.000000

Pool Factor				1.000000

Principal Distribution Amount:

Principal Distribution Amount	0.00					0.000000

Interest Distributable Amount:

Note Monthly Interest Distributable Amount	722,400.00					3.225000
Plus: Prior Interest Carryover	0.00					0.000000

Total Interest Distributable Amount	722,400.00					3.225000

Interest Distribution Amount	722,400.00					3.225000


Current Interest Carryover				0.00		0.000000

Aggregate Security Related Information:					Per $1000 Aggregate Orig Note Bal

Aggregate Principal Balance	1,291,504,268.06
Outstanding Amount of Notes	1,210,085,710.60

Excess	81,418,557.46


Overcollateralization Amount	83,947,777.42

Servicing Fee	1,399,460.00					0.901714

Beginning Spread Account Balance	8,000,000.00
Investment earnings on funds in spread account	17,747.21
Amount withdrawn from Spread Account	(8,017,747.21	)
Deposits	8,000,000.00
Excess Spread Amount	—

Ending Spread Account Balance	8,000,000.00


Net Collections	62,866,744.31

Delinquencies (P&I):
30-59 Days	17,744,971.61
60-89 Days	4,259,170.68
90-119 Days	1,599,281.40
120 days and over	79,647.56

Aggregate Excess Spread Amount	—
Total Initial Spread Deposit Repayment	—

Certificate Distributable Amount (LTD)	—

WFS FINANCIAL 2005-1 OWNER TRUST

Statement to Securityholders
for Collection Period ended July 31, 2005
for Distribution Date of August 17, 2005
Class B-1


Original Principal Balance				60,000,000.00

Aggregate Balances:			Totals		Per $1000 Orig Prin Balance

Principal Amount of Notes as of Prior Distribution Date				60,000,000.00		1000.000000

Principal Amount of Notes as of Current Distribution Date				56,438,736.51		940.645609

Pool Factor				0.940646

Principal Distribution Amount:

Principal Distribution Amount	3,561,263.49					59.354392

Interest Distributable Amount:

Note Monthly Interest Distributable Amount	187,000.00					3.116667
Plus: Prior Interest Carryover	0.00					0.000000

Total Interest Distributable Amount	187,000.00					3.116667

Interest Distribution Amount	187,000.00					3.116667


Current Interest Carryover				0.00		0.000000

Aggregate Security Related Information:					Per $1000 Aggregate Orig Note Bal

Aggregate Principal Balance	1,291,504,268.06
Outstanding Amount of Notes	1,210,085,710.60

Excess	81,418,557.46


Overcollateralization Amount	83,947,777.42

Servicing Fee	1,399,460.00					0.901714

Beginning Spread Account Balance	8,000,000.00
Investment earnings on funds in spread account	17,747.21
Amount withdrawn from Spread Account	(8,017,747.21	)
Deposits	8,000,000.00
Excess Spread Amount	—

Ending Spread Account Balance	8,000,000.00


Net Collections	62,866,744.31

Delinquencies (P&I):
30-59 Days	17,744,971.61
60-89 Days	4,259,170.68
90-119 Days	1,599,281.40
120 days and over	79,647.56

Aggregate Excess Spread Amount	—
Total Initial Spread Deposit Repayment	—

Certificate Distributable Amount (LTD)	—

WFS FINANCIAL 2005-1 OWNER TRUST

Statement to Securityholders
for Collection Period ended July 31, 2005
for Distribution Date of August 17, 2005
Class C-1


Original Principal Balance				64,000,000.00

Aggregate Balances:			Totals		Per $1000 Orig Prin Balance

Principal Amount of Notes as of Prior Distribution Date				64,000,000.00		1000.000000

Principal Amount of Notes as of Current Distribution Date				60,184,098.89		940.376545

Pool Factor				0.940377

Principal Distribution Amount:

Principal Distribution Amount	3,815,901.11					59.623455

Interest Distributable Amount:

Note Monthly Interest Distributable Amount	203,733.33					3.183333
Plus: Prior Interest Carryover	0.00					0.000000

Total Interest Distributable Amount	203,733.33					3.183333

Interest Distribution Amount	203,733.33					3.183333


Current Interest Carryover				0.00		0.000000

Aggregate Security Related Information:					Per $1000 Aggregate Orig Note Bal

Aggregate Principal Balance	1,291,504,268.06
Outstanding Amount of Notes	1,210,085,710.60

Excess	81,418,557.46


Overcollateralization Amount	83,947,777.42

Servicing Fee	1,399,460.00					0.901714

Beginning Spread Account Balance	8,000,000.00
Investment earnings on funds in spread account	17,747.21
Amount withdrawn from Spread Account	(8,017,747.21	)
Deposits	8,000,000.00
Excess Spread Amount	—

Ending Spread Account Balance	8,000,000.00


Net Collections	62,866,744.31

Delinquencies (P&I):
30-59 Days	17,744,971.61
60-89 Days	4,259,170.68
90-119 Days	1,599,281.40
120 days and over	79,647.56

Aggregate Excess Spread Amount	—
Total Initial Spread Deposit Repayment	—

Certificate Distributable Amount (LTD)	—

WFS FINANCIAL 2005-1 OWNER TRUST

Statement to Securityholders
for Collection Period ended July 31, 2005
for Distribution Date of August 17, 2005
Class D-1


Original Principal Balance				52,000,000.00

Aggregate Balances:			Totals		Per $1000 Orig Prin Balance

Principal Amount of Notes as of Prior Distribution Date				52,000,000.00		1000.000000

Principal Amount of Notes as of Current Distribution Date				51,348,081.30		987.463102

Pool Factor				0.987463

Principal Distribution Amount:

Principal Distribution Amount	651,918.70					12.536898

Interest Distributable Amount:

Note Monthly Interest Distributable Amount	177,233.33					3.408333
Plus: Prior Interest Carryover	0.00					0.000000

Total Interest Distributable Amount	177,233.33					3.408333

Interest Distribution Amount	177,233.33					3.408333


Current Interest Carryover				0.00		0.000000

Aggregate Security Related Information:					Per $1000 Aggregate Orig Note Bal

Aggregate Principal Balance	1,291,504,268.06
Outstanding Amount of Notes	1,210,085,710.60

Excess	81,418,557.46


Overcollateralization Amount	83,947,777.42

Servicing Fee	1,399,460.00					0.901714

Beginning Spread Account Balance	8,000,000.00
Investment earnings on funds in spread account	17,747.21
Amount withdrawn from Spread Account	(8,017,747.21	)
Deposits	8,000,000.00
Excess Spread Amount	—

Ending Spread Account Balance	8,000,000.00


Net Collections	62,866,744.31

Delinquencies (P&I):
30-59 Days	17,744,971.61
60-89 Days	4,259,170.68
90-119 Days	1,599,281.40
120 days and over	79,647.56

Aggregate Excess Spread Amount	—
Total Initial Spread Deposit Repayment	—

Certificate Distributable Amount (LTD)	—

WFS FINANCIAL 2005-1 OWNER TRUST 8-K