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According to credit giant Experian, which has recently studied the nonprime and subprime auto finance segments (which focused on credit scores in the 550 to 679 range), and according to them Wachovia Dealer Services is the top US lender for fair to poor credit auto buyers. Capital One comes in at second, with Toyota Financial Services taking the bronze medal and Chase Auto Finance at number four. Both Ford Motor Credit and GMAC Financial Services take the #5 spot.

The auto transport industry may not have much use for Wachovia, but the auto industry as a whole certainly does – they provide the fairest rates to poor to fair credit buyers, again according to Experian, and their rank is also not a huge surprise given the fact that it also ranks number one in used-vehicle financing. The most surprising result by far is Toyota, mainly because of its focus on customers with good to excellent credit, often shunning “unqualified” buyers in the process. Capital One, too, has made significant strides to get on the list, which is also surprising. It seems that if you’re going to be buying a car, and you have less-than-perfect credit, Wachovia is the way to go.