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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                    FORM 10-K

(Mark One)

[X]   ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934.

For the fiscal year ended December 31, 2005

                                       or

[ ]   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934.

Commission file number 333-122759-02

                      USAA AUTO OWNER TRUST 2005-2 (Issuer)
                 USAA ACCEPTANCE, LLC (Originator of the Trust)
             (Exact name of registrant as specified in its charter)

               DELAWARE                                   72-6216179
      (State or other jurisdiction of                  (I.R.S. Employer
      incorporation or organization)                  Identification No.)

      One Rodney Square
      920 King Street, 1st Floor
      Wilmington, Delaware                                   19801
(Address of principal executive offices)                  (Zip Code)

                                 (302) 888-7536
                             (Registrant's telephone
                          number, including area code)

Securities registered pursuant to Section 12(b) of the Act: NONE

Securities registered pursuant to Section 12(b) of the Act: NONE

Indicate by check mark if the registrant is a well-known seasoned issuer, as
defined in Rule 405 of the Securities Act. [ ] Yes [X] No

Indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 or Section 15(d) of the Act. [ ] Yes [X] No

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. [X] Yes [ ] No





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Indicate by check mark whether the registrant is a large accelerated filer, an
accelerate filer, or a non-accelerated filer. See definition of "accelerated
filer and large accelerated filer" in Rule 12b-2 of the Exchange Act. (Check
one):

Larger accelerated filer    Accelerated filer      Non - accelerated filer [X].

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Act). [ ] Yes [X] No

State the aggregate market value of the voting and non-voting common equity held
by non-affiliates computed by reference to the price at which the common equity
was last sold, or the average bid and asked price of such common equity, as of
the last business day of the registrant's most recently completed second fiscal
quarter. Not Applicable.

Indicate the number of shares outstanding of each of the registrant's classes of
common stock, as of the latest practicable date. Not Applicable.

USAA Auto Owner Trust 2005-2 had four classes of notes and one class of
certificates outstanding as of December 31, 2005. The notes represent the Asset
Backed Notes Class A-1, Asset Backed Notes Class A-2, Asset Backed Notes Class
A-3, and Asset Backed Notes Class A-4 of USAA Auto Owner Trust 2005-2. The
certificates represent the Class B Asset Backed Certificates of USAA Auto Owner
Trust 2005-2.

The registrant is filing this Annual Report on Form 10-K in a reduced disclosure
format pursuant to a no-action letter received by USAA Federal Savings Bank from
the Securities and Exchange Commission dated December 23, 1993. Items that are
not referred to in this Annual Report are omitted because they are not
applicable under such no action letter

                          USAA AUTO OWNER TRUST 2005-2
                            USAA FEDERAL SAVINGS BANK

                                     PART I

ITEM 1A.    RISK FACTORS

Not applicable.

ITEM 1B.    UNRESOLVED STAFF COMMENTS

Not applicable. The registrant is not an accelerated filer or a large
accelerated filer.

ITEM 2.     PROPERTIES

      USAA Auto Owner Trust 2005-2 (the Trust) is governed by an Amended and
Restated Trust Agreement dated June 21, 2005, between USAA Acceptance, LLC, as
Depositor and Wachovia Trust Company, National Association, as Owner Trustee.
The Trust is party to a Sale and Servicing Agreement dated as of June 1, 2005
among USAA Auto Owner Trust 2005-2, as Issuer, USAA Acceptance, LLC, as
Depositor, and USAA Federal Savings Bank as Seller and Servicer (the "Sale and
Servicing Agreement").

      The Trust was established solely for the purpose of acquiring the fixed
rate simple interest motor vehicle installment loans and related collateral (the
Receivables), issuing its 3.42% Class A-1 Asset Backed Trust Notes, 3.80% Class
A-2 Asset Backed Trust Notes, 4.00% Class A-3 Asset Backed Trust Notes, 4.17%
Class A-4 Asset Backed Trust Notes pursuant to an Indenture between the Trust
and JPMorgan Chase Bank, National Association, as Indenture Trustee, dated as of
June 21, 2005, and issuing 4.60% Class B Asset Backed Trust Certificates
pursuant to the Trust Agreement, and engaging in related transactions.





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The property of the Trust consists of the Receivables described above. A summary
of Receivable activity and delinquency information follows (unaudited):

                                                      Units    ($ in 000's)
                                                    --------   ------------

Original Receivables outstanding,                     45,109   $    863,229
   June 1, 2005
Prepayments                                            5,070   $     80,545

Receivables outstanding,                              40,066   $    690,061
   December 31, 2005

Delinquent Receivables as of December 31, 2005:

                                                      Units    ($ in 000's)
                                                    --------   ------------

31-60 days                                               103   $      1,562
61-90 days                                                22   $        330
91 days or more                                           10   $        159
                                                    --------   ------------
   Total                                                 135   $      2,051

Gross losses for the period ending December 31, 2005 were approximately
$1,112,275. Net losses for the period ending December 31, 2005 were
approximately $ 935,580.

Summary of certain distributions made by the Trust as of December 31, 2005
(unaudited):

<TABLE>
<CAPTION>
                                         Ending                                          Total       Reserve Fund
Class                                   Balance        Interest        Principal      Amount Paid    Withdrawals
<S>                                  <C>             <C>             <C>             <C>             <C>
A-1 Notes                            $    9,832,124  $   2,077,259   $ 173,167,876   $ 175,245,135   $          -

A-2 Notes                            $  191,000,000  $   4,112,867   $           -   $   4,112,867   $          -

A-3 Notes                            $  332,000,000  $   7,525,333   $           -   $   7,525,333   $          -

A-4 Notes                            $  130,469,000  $   3,082,983   $           -   $   3,082,983   $          -

B Certificates                       $   26,760,233  $     697,550   $           -   $     697,550   $          -

                                                                                                     $          -
Total Reserve Fund Withdrawal:

Total Deposits to Reserve Fund                                                                       $  3,022,422
Reserve Account Balance (% of Pool
Balance)                                                                                                     1.25%

Total Servicing Fee:                                                                                 $  2,295,436
</TABLE>





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ITEM 3.     LEGAL PROCEEDINGS

      None.

ITEM 4.     SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

      None.

                                     PART II

ITEM 5.     MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER
            MATTERS

      As of December 31, 2005, there are fewer than 300 direct participants of
record of the Asset Backed Notes and Asset Backed Certificates. There is no
secondary market for these securities.

      The information required with respect to "Securities Authorized for
Issuance Under Equity Compensation Plans" is not applicable to the registrant.

ITEM 7A.    QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

ITEM 9.     CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
            FINANCIAL DISCLOSURE

None.

ITEM 9A.    CONTROLS AND PROCEDURES

Not applicable.

ITEM 9B.    OTHER INFORMATION

None.

ITEM 14.    PRINCIPAL ACCOUNTANT FEES AND SERVICES

Not applicable.

                                     PART IV

ITEM 15.    EXHIBITS, FINANCIAL STATEMENTS, SCHEDULES AND REPORTS ON FORM 10-K

      (a)   (1) Pursuant to the Sale & Servicing Agreement, the Servicer is
            required (i) to deliver an annual statement as to compliance with
            the provisions of the Sale & Servicing Agreement and certain other
            matters, (the "Annual Statement of the Servicer") and (ii) to cause
            a firm of independent public accountants to deliver an annual report
            as to compliance with the servicing provisions of the Sale and
            Servicing Agreement (the "Accountants' Annual Report"). Both the
            Annual Statement of the Servicer and the Accountants' Annual Report
            are attached as Exhibits 99.3 and 99.4, respectively, to this
            Report.





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            (2) Not applicable.

            (3) Exhibits:

                3.1   Amended and Restated Limited Liability Company
                      Agreement, as amended (incorporated by reference to the
                      registrant's filing on Form 8-K filed with the
                      Commission on October 4, 2006)

                4.1   Indenture dated as of June 21, 2005 (incorporated by
                      reference to the Trust's filing on Form 8-K filed with
                      the Commission on June 24, 2005)

                4.2   Amended and Restated Trust Agreement dated as of June
                      21, 2005 (incorporated by reference to the Trust's
                      filing on Form 8-K filed with the Commission on June 24,
                      2005)

                10.1  Sale and Servicing Agreement dated as of June 1, 2005
                      (incorporated by reference to the Trust's filing on Form
                      8-K filed with the Commission on June 24, 2005)

                31.1  Rule 15d-14(a) Certification

                99.1  Administration Agreement dated as of June 21, 2005
                      (incorporated by reference to the Trust's filing on Form
                      8-K filed with the Commission on June 24, 2005)

                99.2  Receivables Purchase Agreement dated as of June 1, 2005
                      (incorporated by reference to the Trust's filing on Form
                      8-K filed with the Commission on June 24, 2005)

                99.3  Annual Statement of the Servicer.

                99.4  Accountant's Annual Report

      (b)   See subparagraph (a) (3) above.

      (c)   Not applicable.

      SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO
SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURTIES
PURSUANT TO SECTION 12 OF THE ACT.

      No such annual report, proxy statement, form of proxy or other soliciting
material has been sent to Noteholders. The registrant will not be sending an
annual report or proxy material to its Noteholders subsequent to the filing of
this form.

                                   SIGNATURES

      Pursuant to the requirements of Section 13 or 15(d) of the Securities and
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                                  USAA FEDERAL SAVINGS BANK, as Servicer

                                      /s/ MICHAEL J. BROKER
                                  By: ---------------------------------------
                                      Michael J. Broker
                                      (Duly Authorized Officer of
                                      USAA Federal Savings Bank, as Servicer,
                                      on behalf of the Trust)





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                                  EXHIBIT INDEX

<TABLE>
<CAPTION>
                                                                       PAGE NUMBER
EXHIBIT                                 DOCUMENT                       SEQUENTIAL
-------                                 --------                       ----------
<S>                      <C>                                           <C>
3.1                      Amended and Restated Limited Liability        (incorporated by reference to
                         Company Agreement, as amended                 the registrant's filing on Form 8-K
                                                                       filed with the Commission on
                                                                       October 4, 2006)

4.1                      Indenture dated as of June 21, 2005           (incorporated by reference to the
                                                                       Trust's filing on Form 8-K filed
                                                                       with the Commission on
                                                                       June 24, 2005)

4.2                      Amended and Restated Trust Agreement          (incorporated by reference to the
                         dated as of June 21, 2005                     Trust's filing on Form 8-K filed
                                                                       with the Commission on
                                                                       June 24, 2005)

10.1                     Sale and Servicing Agreement                  (incorporated by reference to the Trust's
                         dated as of June 1, 2005                      filing on Form 8-K filed with
                                                                       the Commission on June 24, 2005)

31.1                     Rule 15d-14(a) Certification                  Filed herein

99.1                     Administration Agreement                      (incorporated by reference to
                         dated as of June 21, 2005                     the Trust's filing on Form 8-K filed
                                                                       with the Commission on June 24, 2005)

99.2                     Receivables Purchase Agreement                (incorporated by reference to
                         dated as of June 1, 2005                      the Trust's filing on Form 8-K filed
                                                                       with the Commission on June 24, 2005)

99.3                     Annual Statement of the Servicer.             Filed herein

99.4                     Accountants' Annual Report -                  Filed herein
                         Independent Accountants' Reports and
                         Management Assertions.
</TABLE>