<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 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, 2000

                                       OR

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

For the transition period from ______________ to _________________

                        Commission file number: 333-40776

                        WFS FINANCIAL 2000-C OWNER TRUST
             ------------------------------------------------------
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

           DELAWARE                                  33-0885464
--------------------------------                -------------------
(STATE OR OTHER JURISDICTION OF                  (I.R.S. EMPLOYER
 INCORPORATION OR ORGANIZATION)                 IDENTIFICATION NO.)

WFS RECEIVABLES CORPORATION 2 (AS ORIGINATOR)
6655 WEST SAHARA AVENUE
LAS VEGAS, NEVADA                                         89146
----------------------------------------               ----------
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)               (ZIP CODE)

REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (714) 753-3000

SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: NONE.

SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: NONE.

      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. Yes [X] No [ ]

      Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]

DOCUMENTS INCORPORATED BY REFERENCE: None.

                           Exhibit Index is on Page 7.


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ITEM 1. BUSINESS

      Not applicable.

ITEM 2. PROPERTIES

On August 2, 2000 the Commission declared effective a Registration Statement
on Form S-3 (File No. 333-40776) (the "Registration Statement") under the
Securities Act of 1933, as amended (the "Securities Act"), providing for the
issuance by the WFS Financial 2000-C Owner Trust (the "Trust") of the following
securities:

      $247,000,000 of 6.841% Auto Receivable Backed Notes, Class A-1,
      $332,000,000 of 7.01% Auto Receivable Backed Notes, Class A-2,
      $481,000,000 of 7.07% Auto Receivable Backed Notes, Class A-3,
      and $330,000,000 of 7.17% Auto Receivable Backed Notes, Class A-4.

The Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes (the
"Notes" and together with the Certificates, the "Securities") and the
Certificates were issued by the Trust on August 16, 2000. The Notes are secured
by the assets of the Trust, while the Certificates evidence undivided fractional
interests in the assets of the Trust. The Notes and the Certificates were
issued in fully-registered form in denominations of $1,000 and integral
multiples thereof. As more fully described in the Registration Statement, the
assets of the Trust will include (i) a pool of retail installment contracts
secured by liens on new and used automobiles and light trucks ("Contracts"),
(ii) a financial guaranty insurance policy issued by Financial Security
Assurance Inc. (the "Insurer"), and (iii) certain accounts maintained by the
Trustee on behalf of the Trust, including all investments held thereby and all
income from the investment of funds therein and all proceeds therefrom.

Information as to the number of Contracts remaining in the Trust, the aggregate
unpaid principal balance thereof, the decrease therein, delinquencies on the
Contracts, collections of principal and interest made, fees paid to the Servicer
and the amount of the Policies are set forth in the exhibits attached hereto or
incorporated herein in response to Item 14, below.

ITEM 3. LEGAL PROCEEDINGS

The Registrant knows of no material pending legal proceedings with respect to
the Trust involving the Trust, the Trustee, the Seller or the Servicer.

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

No matter was submitted to a vote of the holders of the Securities during the
fiscal year covered by this Report.

PART II

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

As of March 29, 2001, there were only two holders of record of the Securities.
See also Item 12. Security Ownership of Certain Beneficial Owners and
Management. There was no principal market in which the Securities traded.


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ITEM 6. SELECTED FINANCIAL DATA

Omitted.

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS

Omitted.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Omitted.

ITEM 9. DISAGREEMENTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

PART III

ITEM 10. DIRECTORS AND OFFICERS OF THE REGISTRANT

Omitted.

ITEM 11. EXECUTIVE COMPENSATION

Omitted.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

As of March 29, 2001, WFS Receivables Corporation 2 was the only holder of
record which beneficially owns more than 5% of the Certificates. The dollar and
percentage amounts reflected in the table below are based upon the face amount
of certificates as of the Closing Date, and do not reflect amortization, if any,
since that date.

<TABLE>
<CAPTION>

                                           Amount of Certificates         Percent of Certificates
Name and Address of Participant            Beneficially Owned             Beneficially Owned
-------------------------------            ------------------             ------------------
<S>                                        <C>                            <C>
WFS Receivables Corporation 2              no face amount                 100%
6655 West Sahara Avenue                    (residual value)
Las Vegas, NV 89146

</TABLE>



<PAGE>   4

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

There have not been any transactions or series of transactions since the start
of the Trust's last fiscal year between the Trust and any Certificateholder
which is identified as the beneficial owner of more than 5% of the Certificates
in Item 12, above.

ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K

(a)   The following documents are filed as part of this Report:

<TABLE>

      Exhibit Number                    Description
      --------------                    -----------
           <S>        <C>
            20.1      Current Report on Form 8-K for the November 20, 2000
                      Distribution Date (incorporated herein by reference to the
                      WFS Financial 2000-C Owner Trust Form 8-K filed on
                      December 4, 2000, file number 333-40776)

            20.2      Accountants' Report dated January 22, 2001

            20.3      Annual Statement of Compliance by Master Servicer dated
                      March 29, 2001

            20.4      Consolidated financial statements of Financial Security
                      Assurance Inc. and Subsidiaries as of December 31, 2000
                      and 1999, and for each of the three years in the period
                      ended December 31, 2000 (Incorporated by reference from the
                      Annual Report on Form 10-K of Financial Security Assurance
                      Holdings Inc. for the year ended December 31, 2000 (file #
                      1-12644) as filed on or about March 28, 2001)

            23        Written Consent of PricewaterhouseCoopers LLP

(b)   Reports on Form 8-K: All reports filed on Form 8-K required to be
      disclosed are identified above in response to Item 14(a).

(c)   Omitted.

(d)   Omitted.
</TABLE>


<PAGE>   5

                                   SIGNATURES

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

                                          WFS FINANCIAL 2000-C OWNER TRUST

                                          BY: WFS FINANCIAL INC, as Master
                                              Servicer


Date: March 29, 2001                      By: /s/ MARK OLSON
                                             ----------------------------------
                                             Mark Olson, Controller


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<TABLE>
                                INDEX TO EXHIBITS


      Exhibit Number                    Description                                           Page
      --------------                    -----------                                          -----
           <S>        <C>                                                                    <C>
            20.1      Current Report on Form 8-K for the November 20, 2000
                      Distribution Date (incorporated herein by reference to the
                      WFS Financial 2000-C Owner Trust Form 8-K filed on
                      December 4, 2000, file number 333-40776)

            20.2      Accountants' Report dated January 22, 2001

            20.3      Annual Statement of Compliance by Master Servicer dated
                      March 29, 2001

            20.4      Consolidated financial statements of Financial Security
                      Assurance Inc. and Subsidiaries as of December 31, 2000
                      and 1999, and for each of the three years in the period
                      ended December 31, 2000 (Incorporated by reference from the
                      Annual Report on Form 10-K of Financial Security Assurance
                      Holdings Inc. for the year ended December 31, 2000 (file #
                      1-12644) as filed on or about March 28, 2001)

            23        Written Consent of PricewaterhouseCoopers LLP

</TABLE>