<PAGE>
EXHIBIT 99.1
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2000-C
TERM SHEET
Subject to Revision
The Issuing Trust
AmeriCredit Automobile Receivables Trust 2000-C is a Delaware business trust.
The issuing trust will issue the notes and be liable for their payment. The
issuing trust's principal asset will be a pool of auto loans.
Seller
AFS Funding Corp., or AFS Funding, is a Nevada corporation which is a wholly-
owned special-purpose subsidiary of AmeriCredit. AFS Funding will sell the auto
loans to the issuing trust.
Servicer and Originator
AmeriCredit Financial Services, Inc., or AmeriCredit, is a Delaware corporation.
AmeriCredit originated the auto loans and will service them on behalf of the
issuing trust.
The Insurer
Financial Security Assurance Inc., or Financial Security, is a New York
financial guaranty insurance company. Financial Security will issue a policy,
which will guarantee the payment of timely interest and principal due on the
notes but only as described in the section of the prospectus supplement titled
"The Policy."
The Trustee
Bank One, N.A., or Bank One, is a national banking association. Bank One will
be the trust collateral agent, the indenture trustee and the backup servicer.
Statistical Calculation Date
. July 26, 2000. This is the date we used in preparing the statistical
information used in this term sheet.
Initial Cutoff Date
. August 17, 2000. The issuing trust will receive amounts collected on the
auto loans after this date.
Closing Date
. On or about August 23, 2000.
Description of the Securities
The issuing trust will issue four classes of its asset backed notes. The notes
are designated as the "Class A-1 Notes,-" the "Class A-2 Notes,-" the "Class A-3
Notes-" -and the "Class A-4 Notes.-"
Each class of notes will have the initial note principal balances, interest
rates and final scheduled distribution dates listed in the following table:
Final
Initial Note Scheduled
Principal Distribution
Class Balance Interest Rate Date
----- ------------- ------------- --------------
A-1 $170,000,000 _________% Sept. 7, 2001
A-2 $370,000,000 _________% Jan. 12, 2004
A-3 $262,000,000 _________% Feb. 12, 2005
A-4 $298,000,000 LIBOR+__% July 12, 2007
LIBOR is the rate for deposits in U.S. dollars for a one-month period which
appears on the Dow Jones Telerate Page 3750 (or similar replacement page) as of
11:00 a.m., London time, on the related LIBOR determination date.
<PAGE>
LIBOR will be determined on the following dates:
. August 21, 2000 for the period from the day of the closing to the first
distribution date; and
. thereafter, the second London business day prior to the prior distribution
date.
The notes will initially be issued in book entry form only, and will be issued
in minimum denominations of $1,000 and multiples of $1,000.
You may hold your notes through DTC in the United States or Clearstream Banking,
societe anonyme, or the Euroclear System in Europe.
The notes will be secured solely by the pool of auto loans and the other assets
of the issuing trust which are described under the section entitled "The Trust
Assets."
AmeriCredit may elect to retain the Class
A-1 Notes either directly or through an affiliate.
Distribution Dates
. When AmeriCredit is the servicer:
The distribution date will be the 5th day of each month, subject to the
business day rule set forth below, commencing on October 5, 2000.
. If AmeriCredit is not the servicer:
The distribution date will become the twelfth day of each month.
. Insured distributions:
Financial Security will make payment of any unpaid interest and principal due
on the notes on the twelfth day of each month. Financial Security will also
make payment of any unpaid interest and principal due on the Class A-1 Notes
on September 7, 2001, their final scheduled distribution date.
. Business day rule:
If any scheduled date for a distribution is not a business day, then the
distribution will be made on the next business day.
. Record dates:
The record date for all distribution dates is the close of business on the
business day immediately preceding that distribution date.
Interest
Interest on the notes of each class will accrue at the interest rate for that
class from a distribution date to the day before the next distribution date. In
the case of the first distribution date, interest begins to accrue on the day of
the closing.
Interest on the Class A-1 Notes and the Class A-4 Notes will be calculated on an
"actual/360" basis.
Interest on the Class A-2 Notes and the Class A-3 Notes will be calculated on a
"30/360" basis.
Principal
. Principal of the notes will be payable on each distribution date in an amount
equal to
(1) 100% of the principal amortization which occurred in the auto loan pool
during the prior calendar month, plus
(2) the amount of excess interest collected on the auto loans during the
prior calendar month, after paying interest on the notes and other
expenses, which will be used to pay principal on the notes on that
distribution date, but only as necessary to build or maintain an amount
of over-collateralization required by Financial Security.
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In addition, the outstanding principal amount of the notes of any class, if
not previously paid, will be payable on the final scheduled distribution date
for that class.
. The classes of notes are "sequential pay" classes which will receive the
amount to be paid as principal to the noteholders on each distribution date
as follows:
- first, the Class A-1 Notes will be paid off;
- once the Class A-1 Notes are paid off, the Class A-2 Notes will begin to
amortize, until they are paid off;
- once the Class A-2 Notes are paid off, the Class A-3 Notes will begin to
amortize, until they are paid off; and
- once the Class A-3 Notes are paid off, the Class A-4 Notes will begin to
amortize, until they are paid off.
The Trust Assets
The issuing trust's assets will principally include:
. a pool of auto loans, which are secured by new and used automobiles, light
duty trucks and vans;
. collections on the auto loans received after August 17, 2000;
. an assignment of the security interests in the vehicles securing the auto
loan pool; and
. the pre-funding account.
The Auto Loan Pool
The auto loans consist of motor vehicle retail installment sale contracts
originated by dealers and then acquired by AmeriCredit. The auto loans were
made primarily to individuals with less than perfect credit due to various
factors, including the manner in which those individuals have handled previous
credit, the limited extent of their prior credit history, and limited financial
resources.
Statistical Information
The statistical information in this term sheet is based on the auto loans in the
pool as of July 26, 2000. The statistical distribution of the characteristics
of the auto loan pool as of the initial cutoff date, which is August 17, 2000,
will vary somewhat from the statistical distribution of those characteristics as
of July 26, 2000, although that variance will not be material.
. As of July 26, 2000 the auto loans in the pool have:
- an aggregate principal balance of $574,622,016.90;
- a weighted average annual percentage rate of approximately 19.33%;
- a weighted average original maturity of approximately 61 months;
- a weighted average remaining maturity of approximately 60 months; and
- an individual remaining term of not more than 72 months and not less than
3 months.
. As of August 17, 2000 the auto loans in the pool are expected to have an
aggregate principal balance of approximately $550,000,000.
Pre-Funding Feature
Approximately $550,000,000 of the proceeds of the notes will be held by Bank One
in a pre-funding account, and will be used to purchase additional auto loans
from AFS Funding. The issuing trust will purchase the additional auto loans
from time to time on or before October 31, 2000, from funds on deposit in this
account.
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These additional auto loans will also have been originated by AmeriCredit, and
will not be materially different from the auto loans acquired by the issuing
trust on the day of the closing.
The Insurance Policy
On the day of the closing, Financial Security will issue a financial guaranty
insurance policy for the benefit of the noteholders. Under this policy,
Financial Security will unconditionally and irrevocably guarantee the payments
of interest and principal due on the notes during the term of the policy.
If, on any distribution date, the noteholders do not receive the full amount of
the payment then due to them, the shortfall will be paid on the twelfth day of
that month either from funds available from a spread account or from the
proceeds of a drawing under the policy.
Optional Redemption
The Class A-4 Notes, if still outstanding, may be redeemed in whole, but not in
part, on any distribution date on which AmeriCredit exercises its "clean-up
call" option to purchase the auto loan pool. This can only occur after the pool
balance declines to 10% or less of its original balance. The redemption price
is equal to the unpaid principal amount of the notes of each class then
outstanding plus accrued and unpaid interest.
Mandatory Redemption
. Each class of notes will be redeemed in part in the event that any pre-
funding account moneys remain unused on October 31, 2000. The principal
amount of each class of notes to be redeemed will be an amount equal to that
class's pro rata share of the remaining amount.
. The notes may be accelerated and subject to immediate payment at par upon the
occurrence of an event of default under the indenture. So long as Financial
Security is not in default, the power to declare an event of default will be
held by Financial Security. In the case of an event of default, the notes
will automatically be accelerated and subject to immediate payment at par.
The policy issued by Financial Security does not guarantee payment of any
amounts that become due on an accelerated basis, unless Financial Security
elects, in its sole discretion, to pay those amounts.
Federal Income Tax Consequences
For federal income tax purposes:
. Dewey Ballantine LLP, special tax counsel, is of the opinion that the notes
will be treated as debt and the issuing trust will not be treated as an
association or publicly traded partnership taxable as a corporation. By your
acceptance of a note, you agree to treat the notes as debt.
. Interest on the notes will be taxable as ordinary income
- when received by a holder using the cash method of accounting, and
- when accrued by a holder using the accrual method of accounting.
. Dewey Ballantine LLP has prepared the discussion under "Material Federal
Income Tax Consequences" in the prospectus supplement and "Material Tax
Considerations" in the prospectus and is of the opinion that the discussion
accurately states all material federal income tax consequences of the
purchase, ownership and disposition of the notes to their original purchaser.
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ERISA Considerations
Subject to the important considerations described under "ERISA Considerations"
in the prospectus supplement, pension, profit-sharing and other employee benefit
plans may purchase notes. You may wish to consult with your counsel regarding
the applicability of the provisions of ERISA before purchasing a note.
Legal Investment
The Class A-1 Notes will be eligible securities for purchase by money market
funds under Rule 2a-7 of the Investment Company Act of 1940, as amended.
Rating of the Notes
The notes must receive at least the following ratings from Standard & Poor's, a
division of the McGraw-Hill Companies, Inc. and Moody's Investors Service, Inc.
in order to be issued:
Class Rating
--------- ---------------------------
S&P Moody's
---------- -----------
A-1 A-1+ P-1
A-2 AAA Aaa
A-3 AAA Aaa
A-4 AAA Aaa
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The initial automobile loan pool's composition, distribution by APR and its
geographic concentration as of the statistical calculation date are detailed in
the following tables:
Composition of the Initial Automobile Loans
as of the Statistical Calculation Date
<TABLE>
<CAPTION>
New Used Total
---------------- --------------- ----------------
<S> <C> <C> <C>
Aggregate Principal Balance(1) $163,958,339.95 410,663,676.95 $574,622,016.90
Number of Automobile Loans 9,415 29,323 38,738
Percent of Aggregate Principal Balance 28.53% 71.47% 100.00%
Average Principal Balance $ 17,414.59 $ 14,004.83 $ 14,833.55
Range of Principal Balances ($3,640.89 to $58,902.64) ($507.03 to $45,199.74) ($507.03 to $58,902.64)
Weighted Average APR(1) 18.04% 19.84% 19.33%
Range of APRs ( 9.95% to 27.00%) (11.95% to 29.99%) ( 9.95% to 29.99%)
Weighted Average Remaining Term 63 months 59 months 60 months
Range of Remaining Terms (11 to 72 months) ( 3 to 72 months) ( 3 to 72 months)
Weighted Average Original Term 63 months 60 months 61 months
Range of Original Terms (12 to 72 months) (12 to 72 months) (12 to 72 months)
</TABLE>
_________________________
(1) Aggregate principal balance includes some portion of accrued interest. As a
result, the weighted average APR of the automobile loans may not be
equivalent to the automobile loans' aggregate yield on the aggregate
principal balance.
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Distribution of the Initial Automobile Loans by APR
as of the Statistical Calculation Date
<TABLE>
<CAPTION>
Distribution of the
Initial Automobile
Loans by APR as of the Aggregate % of Aggregate Number of
Statistical Principal Principal Automobile % of Total Number of
Calculation Date Balance(1) Balance(2) Loans Automobile Loans(2)
------------------------ --------------- --------------- ---------- ---------------------
<S> <C> <C> <C> <C>
9.000 to 10.999 $ 15,399.02 0.00% 1 0.00%
11.000 to 11.999 61,353.27 0.01 4 0.01
12.000 to 12.999 11,028,817.65 1.92 655 1.69
13.000 to 13.999 6,498,231.41 1.13 341 0.88
14.000 to 14.999 16,535,346.24 2.88 892 2.30
15.000 to 15.999 20,939,632.30 3.64 1,124 2.90
16.000 to 16.999 58,394,337.34 10.16 3,317 8.56
17.000 to 17.999 116,345,835.91 20.25 7,155 18.47
18.000 to 18.999 66,317,724.45 11.54 4,293 11.08
19.000 to 19.999 47,095,198.68 8.20 3,122 8.06
20.000 to 20.999 71,474,022.21 12.44 5,231 13.50
21.000 to 21.999 64,249,916.52 11.18 4,692 12.11
22.000 to 22.999 35,884,654.81 6.24 2,716 7.01
23.000 to 23.999 39,648,901.18 6.90 3,298 8.51
24.000 to 24.999 16,510,302.14 2.87 1,539 3.97
25.000 to 25.999 2,645,611.58 0.46 250 0.65
26.000 to 26.999 570,388.51 0.10 61 0.16
27.000 to 27.999 247,522.64 0.04 27 0.07
28.000 to 28.999 100,802.78 0.02 10 0.03
29.000 to 29.999 58,018.26 0.01 10 0.03
--------------- ---------------- --------------------- ---------------------
Total: $574,622,016.90 100.00% 38,738 100.00%
=============== ================ ===================== =====================
</TABLE>
(1) Aggregate principal balances include some portion of accrued interest.
(2) Percentages may not add to 100% because of rounding.
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<PAGE>
Distribution of the Initial Automobile Loans by Geographic Location
of Obligor as of the Statistical Calculation Date
<TABLE>
<CAPTION>
Aggregate % of Aggregate
Principal Principal Number of % of Total Number of
State Balance(1) Balance(2) Automobile Loans Automobile Loans(2)
----------------- ---------------------- ---------------- ---------------- --------------------
<S> <C> <C> <C> <C>
Alabama $ 9,534,236.06 1.66% 657 1.70%
Arizona 21,450,819.28 3.73 1,462 3.77
California 62,251,029.18 10.83 3,965 10.24
Colorado 7,542,796.21 1.31 513 1.32
Connecticut 5,927,412.14 1.03 417 1.08
Delaware 2,778,930.75 0.48 182 0.47
Florida 47,501,914.53 8.27 3,197 8.25
Georgia 19,510,976.98 3.40 1,243 3.21
Illinois 23,810,289.20 4.14 1,600 4.13
Indiana 12,278,976.31 2.14 855 2.21
Iowa 3,249,896.06 0.57 236 0.61
Kansas 4,155,086.56 0.72 283 0.73
Kentucky 7,787,556.45 1.36 542 1.40
Louisiana 11,663,746.88 2.03 759 1.96
Maryland 10,503,267.72 1.83 690 1.78
Massachusetts 8,094,454.86 1.41 601 1.55
Michigan 18,187,439.25 3.17 1,224 3.16
Minnesota 8,528,850.09 1.48 581 1.50
Mississippi 4,542,995.18 0.79 290 0.75
Missouri 7,814,683.53 1.36 544 1.40
Nevada 8,007,354.40 1.39 551 1.42
New Hampshire 2,203,479.44 0.38 167 0.43
New Jersey 16,956,949.52 2.95 1,153 2.98
New Mexico 3,295,791.54 0.57 219 0.57
New York 25,019,327.03 4.35 1,772 4.57
North Carolina 16,277,902.65 2.83 1,103 2.85
Ohio 25,594,251.75 4.45 1,826 4.71
Oklahoma 4,937,159.27 0.86 364 0.94
Pennsylvania 32,836,902.95 5.71 2,360 6.09
Rhode Island 2,261,779.39 0.39 168 0.43
South Carolina 7,597,507.71 1.32 472 1.22
Tennessee 10,043,345.35 1.75 691 1.78
Texas 72,807,545.37 12.67 4,525 11.68
Utah 2,936,475.55 0.51 215 0.56
Virginia 14,870,382.49 2.59 1,011 2.61
Washington 8,650,045.89 1.51 619 1.60
West Virginia 4,051,556.31 0.71 290 0.75
Wisconsin 8,968,637.93 1.56 632 1.63
Other(3) 10,190,265.14 1.78 759 1.96
---------------------- ---------------- ---------------- --------------------
Total: $574,622,016.90 100.00% 38,738 100.00%
====================== ================ ================ ====================
</TABLE>
(1) Aggregate principal balances include some portion of accrued interest.
(2) Percentages may not add to 100% because of rounding.
(3) States with aggregate principal balances less than $2,000,000.
8
<PAGE>
Yield and Prepayment Considerations
Prepayments can be made on any of the auto loans at any time. If
prepayments are received on the auto loans, their actual weighted average life
may be shorter than their weighted average life would be if all payments were
made as scheduled and no prepayments were made. Prepayments on the auto loans
may include moneys received from liquidations due to default and proceeds from
credit life, credit disability, and casualty insurance policies. Weighted
average life means the average amount of time during which any principal is
outstanding on an auto loan.
The rate of prepayments on the auto loans may be influenced by a variety of
economic, social, and other factors, including the fact that no borrower under
an auto loan may sell or transfer that auto loan without the consent of
AmeriCredit. AmeriCredit believes that the weighted average life of the auto
loans will be substantially shorter than their scheduled weighted average life.
This opinion is based primarily on AmeriCredit's assessment of what the actual
rate of prepayments will be. Any risk resulting from faster or slower
prepayments of the auto loans will be borne solely by the noteholders.
The rate of payment of principal of the notes will depend on the rate of
payment, and the rate of prepayments, of principal on the auto loans. It is
possible that the final payment on any class of notes could occur significantly
earlier than the date on which the final distribution for that class of notes is
scheduled to be paid. Any risk resulting from early payment of the notes will
be borne solely by the noteholders.
Prepayments on auto loans can be measured against prepayment standards or
models. The model used in this term sheet, the Absolute Prepayment Model, or
ABS, assumes a rate of prepayment each month which is related to the original
number of auto loans in a pool of loans. ABS also assumes that all of the auto
loans in a pool are the same size, that all of those auto loans amortize at the
same rate, and that for every month that any individual auto loan is
outstanding, payments on that particular auto loan will either be made as
scheduled or the auto loan will be prepaid in full. For example, in a pool of
receivables originally containing 10,000 auto loans, if a 1% ABS were used, that
would mean that 100 auto loans would prepay in full each month. The percentage
of prepayments that is assumed for ABS is not an historical description of
prepayment experience on pools of auto loans or a prediction of the anticipated
rate of prepayment on either the pool of auto loans involved in this transaction
or on any pool of auto loans. You should not assume that the actual rate of
prepayments on the auto loans will be in any way related to the percentage of
prepayments that we assume for ABS.
The tables below which are captioned "Percent of Initial Note Principal
Balance at Various ABS Percentages" are based on ABS and were prepared using the
following assumptions:
. the issuing trust includes three pools of auto loans with the characteristics
set forth in the following table;
. all prepayments on the auto loans each month are made in full at the
specified constant percentage of ABS and there are no defaults, losses or
repurchases;
. each scheduled monthly payment on the auto loans is made on the last day of
each month and each month has 30 days;
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. the initial principal amounts of each class of notes are equal to the initial
principal amounts set forth on page 1 of this term sheet;
. interest accrues on the notes at the following assumed coupon rates: Class A-
1 Notes, 6.750%; Class A-2 Notes, 6.970%; Class A-3 Notes, 7.040%; and Class
A-4 Notes, 6.840%;
. payments on the notes are made on the fifth day of each month;
. the notes are purchased on August 23, 2000;
. the scheduled monthly payment for each auto loan was calculated on the basis
of the characteristics described in the following table and in such a way
that each auto loan would amortize in a manner that will be sufficient to
repay the principal balance of that auto loan by its indicated remaining term
to maturity;
. the first due date for each auto loan is the last day of the month of the
assumed cutoff date for that auto loan as set forth in the following table;
. all of the pre-funding account money is used to purchase additional auto
loans;
. AmeriCredit exercises its "clean-up call" option to purchase the auto loans
at the earliest opportunity;
. accelerated principal will be paid on each class of the notes on each
distribution date until the first distribution date on which the over-
collateralization required by Financial Security is achieved; and
. the difference between the gross APR and the net APR is equal to the base
servicing fee due to the servicer, and the net APR is further reduced by the
fees due to Bank One, the owner trustee and Financial Security.
<TABLE>
<CAPTION>
Remaining
Aggregate Term to
Principal Assumed Maturity Seasoning
Pool Principal Balance Gross APR Cutoff Date (in Months) (in Months)
--------- ------------------ ------------- --------------- ------------ -------------
<S> <C> <C> <C> <C> <C>
1 $ 550,000,000 19.330% 9/1/2000 60 1
2 $ 275,000,000 19.330% 10/1/2000 61 0
3 $ 275,000,000 19.330% 10/31/2000 61 0
--------------
Total $1,100,000,000
==============
</TABLE>
The following tables were created relying on the assumptions listed above.
The tables indicate the percentages of the initial principal amount of each
class of notes that would be outstanding after each of the listed distribution
dates if certain percentages of ABS are assumed. The tables also indicate the
corresponding weighted average lives of each class of notes if the same
percentages of ABS are assumed.
The assumptions used to construct the tables are hypothetical and have been
provided only to give a general sense of how the principal cash flows might
behave under various prepayment scenarios. The actual characteristics and
performance of the auto loans will differ from the assumptions used to construct
the tables. For example, it is very unlikely that the auto loans will prepay at
a constant level of ABS until maturity or that all of the auto loans will
10
<PAGE>
prepay at the same level of ABS. Moreover, the auto loans have diverse terms and
that fact alone could produce slower or faster principal distributions than
indicated in the tables at the various constant percentages of ABS, even if the
original and remaining terms to maturity of the auto loans are as assumed. Any
difference between the assumptions used to construct the tables and the actual
characteristics and performance of the auto loans, including actual prepayment
experience or losses, will affect the percentages of initial balances
outstanding on any given date and the weighted average lives of each class of
notes.
The percentages in the tables have been rounded to the nearest whole
number. As used in the tables which follow, the weighted average life of a class
of notes is determined by:
. multiplying the amount of each principal payment on a note by the number
of years from the date of the issuance of the note to the related
distribution date,
. adding the results, and
. dividing the sum by the related initial principal amount of the note.
11
<PAGE>
PERCENT OF INITIAL NOTE PRINCIPAL BALANCE AT VARIOUS ABS
PERCENTAGES
<TABLE>
<CAPTION>
Class A-1 Notes Class A-2 Notes
-------------------------- ---------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Distribution Date 0.00% 1.00% 1.70% 2.50% 0.00% 1.00% 1.70% 2.50%
----------------- ---- ---- ---- ---- ----- ----- ----- -----
Closing Date 100 100 100 100 100 100 100 100
05-Oct-00 97 94 91 89 100 100 100 100
05-Nov-00 89 81 75 69 100 100 100 100
05-Dec-00 77 63 53 41 100 100 100 100
05-Jan-01 66 45 31 15 100 100 100 100
05-Feb-01 54 28 9 0 100 100 100 95
05-Mar-01 42 10 0 0 100 100 94 82
05-Apr-01 30 0 0 0 100 97 85 71
05-May-01 18 0 0 0 100 89 75 59
05-Jun-01 5 0 0 0 100 81 65 48
05-Jul-01 0 0 0 0 97 73 56 36
05-Aug-01 0 0 0 0 91 65 46 26
05-Sep-01 0 0 0 0 85 58 40 18
05-Oct-01 0 0 0 0 82 53 33 10
05-Nov-01 0 0 0 0 79 48 26 2
05-Dec-01 0 0 0 0 75 43 20 0
05-Jan-02 0 0 0 0 72 38 14 0
05-Feb-02 0 0 0 0 69 33 7 0
05-Mar-02 0 0 0 0 65 28 1 0
05-Apr-02 0 0 0 0 62 23 0 0
05-May-02 0 0 0 0 58 18 0 0
05-Jun-02 0 0 0 0 55 13 0 0
05-Jul-02 0 0 0 0 51 8 0 0
05-Aug-02 0 0 0 0 47 3 0 0
05-Sep-02 0 0 0 0 43 0 0 0
05-Oct-02 0 0 0 0 39 0 0 0
05-Nov-02 0 0 0 0 36 0 0 0
05-Dec-02 0 0 0 0 32 0 0 0
05-Jan-03 0 0 0 0 28 0 0 0
05-Feb-03 0 0 0 0 23 0 0 0
05-Mar-03 0 0 0 0 19 0 0 0
05-Apr-03 0 0 0 0 15 0 0 0
05-May-03 0 0 0 0 11 0 0 0
05-Jun-03 0 0 0 0 6 0 0 0
05-Jul-03 0 0 0 0 2 0 0 0
05-Aug-03 0 0 0 0 0 0 0 0
05-Sep-03 0 0 0 0 0 0 0 0
05-Oct-03 0 0 0 0 0 0 0 0
05-Nov-03 0 0 0 0 0 0 0 0
05-Dec-03 0 0 0 0 0 0 0 0
05-Jan-04 0 0 0 0 0 0 0 0
05-Feb-04 0 0 0 0 0 0 0 0
05-Mar-04 0 0 0 0 0 0 0 0
05-Apr-04 0 0 0 0 0 0 0 0
05-May-04 0 0 0 0 0 0 0 0
05-Jun-04 0 0 0 0 0 0 0 0
05-Jul-04 0 0 0 0 0 0 0 0
05-Aug-04 0 0 0 0 0 0 0 0
05-Sep-04 0 0 0 0 0 0 0 0
05-Oct-04 0 0 0 0 0 0 0 0
05-Nov-04 0 0 0 0 0 0 0 0
05-Dec-04 0 0 0 0 0 0 0 0
05-Jan-05 0 0 0 0 0 0 0 0
05-Feb-05 0 0 0 0 0 0 0 0
05-Mar-05 0 0 0 0 0 0 0 0
05-Apr-05 0 0 0 0 0 0 0 0
05-May-05 0 0 0 0 0 0 0 0
05-Jun-05 0 0 0 0 0 0 0 0
05-Jul-05 0 0 0 0 0 0 0 0
Weighted Average Life (years). 0.51 0.38 0.33 0.29 1.90 1.26 1.00 0.82
</TABLE>
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<PAGE>
PERCENT OF INITIAL NOTE PRINCIPAL BALANCE AT VARIOUS ABS
PERCENTAGES
<TABLE>
<CAPTION>
Class A-3 Notes Class A-4 Notes
-------------------------- --------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Distribution Date 0.00% 1.00% 1.70% 2.50% 0.00% 1.00% 1.70% 2.50%
----------------- ----- ----- ----- ----- ----- ----- ----- -----
Closing Date 100 100 100 100 100 100 100 100
05-Oct-00 100 100 100 100 100 100 100 100
05-Nov-00 100 100 100 100 100 100 100 100
05-Dec-00 100 100 100 100 100 100 100 100
05-Jan-01 100 100 100 100 100 100 100 100
05-Feb-01 100 100 100 100 100 100 100 100
05-Mar-01 100 100 100 100 100 100 100 100
05-Apr-01 100 100 100 100 100 100 100 100
05-May-01 100 100 100 100 100 100 100 100
05-Jun-01 100 100 100 100 100 100 100 100
05-Jul-01 100 100 100 100 100 100 100 100
05-Aug-01 100 100 100 100 100 100 100 100
05-Sep-01 100 100 100 100 100 100 100 100
05-Oct-01 100 100 100 100 100 100 100 100
05-Nov-01 100 100 100 100 100 100 100 100
05-Dec-01 100 100 100 91 100 100 100 100
05-Jan-02 100 100 100 80 100 100 100 100
05-Feb-02 100 100 100 69 100 100 100 100
05-Mar-02 100 100 100 59 100 100 100 100
05-Apr-02 100 100 93 48 100 100 100 100
05-May-02 100 100 85 38 100 100 100 100
05-Jun-02 100 100 76 28 100 100 100 100
05-Jul-02 100 100 68 18 100 100 100 100
05-Aug-02 100 100 60 9 100 100 100 100
05-Sep-02 100 97 52 0 100 100 100 100
05-Oct-02 100 90 44 0 100 100 100 92
05-Nov-02 100 83 36 0 100 100 100 84
05-Dec-02 100 76 28 0 100 100 100 76
05-Jan-03 100 70 21 0 100 100 100 69
05-Feb-03 100 63 14 0 100 100 100 62
05-Mar-03 100 56 6 0 100 100 100 55
05-Apr-03 100 50 0 0 100 100 99 48
05-May-03 100 43 0 0 100 100 93 42
05-Jun-03 100 37 0 0 100 100 88 36
05-Jul-03 100 30 0 0 100 100 82 0
05-Aug-03 96 24 0 0 100 100 76 0
05-Sep-03 90 18 0 0 100 100 71 0
05-Oct-03 83 11 0 0 100 100 66 0
05-Nov-03 76 5 0 0 100 100 61 0
05-Dec-03 70 0 0 0 100 99 56 0
05-Jan-04 63 0 0 0 100 94 51 0
05-Feb-04 56 0 0 0 100 89 46 0
05-Mar-04 48 0 0 0 100 84 42 0
05-Apr-04 41 0 0 0 100 78 38 0
05-May-04 34 0 0 0 100 73 34 0
05-Jun-04 26 0 0 0 100 68 0 0
05-Jul-04 19 0 0 0 100 64 0 0
05-Aug-04 11 0 0 0 100 59 0 0
05-Sep-04 3 0 0 0 100 54 0 0
05-Oct-04 0 0 0 0 96 49 0 0
05-Nov-04 0 0 0 0 89 45 0 0
05-Dec-04 0 0 0 0 81 40 0 0
05-Jan-05 0 0 0 0 74 36 0 0
05-Feb-05 0 0 0 0 66 0 0 0
05-Mar-05 0 0 0 0 59 0 0 0
05-Apr-05 0 0 0 0 51 0 0 0
05-May-05 0 0 0 0 43 0 0 0
05-Jun-05 0 0 0 0 35 0 0 0
05-Jul-05 0 0 0 0 0 0 0 0
Weighted Average Life (years) 3.55 2.66 2.10 1.65 4.61 4.06 3.37 2.59
</TABLE>
13
<PAGE>
Delinquency and Loan Loss Information
The following tables provide information relating to AmeriCredit's
delinquency and loan loss experience for each period indicated with respect to
all automobile loans it has purchased and serviced. This information includes
the experience with respect to all automobile loans in AmeriCredit's portfolio
of automobile loans serviced during each listed period, including automobile
loans which do not meet the criteria for selection as an automobile loan.
Delinquency Experience
Financed vehicles which have been repossessed but not yet liquidated and
bankrupt accounts which have not yet been charged off are both included as
delinquent accounts in the table below.
<TABLE>
<CAPTION>
At June 30,
------------------------------------------------------------------------------------------
2000 1999 1998
-------------------------- ----------------------- ----------------------------
Number of Number of Number of
Contracts Amount Contracts Amount Contracts Amount
--------- ----------- --------- ----------- --------- ---------
<S> <C> <C> <C> <C> <C> <C>
Portfolio at end of 568,099 $6,649,981 366,262 $4,105,468 213,549 $2,302,516
period(1)
Period of Delinquency(2)
31-60 days(3) 39,793 $ 445,797 25,423 $ 277,592 12,259 $ 126,012
61-90 days 9,944 110,521 5,230 53,487 2,545 25,847
91 days or more 3,878 40,103 2,007 20,026 3,891 33,328
--------- ----------- --------- ----------- --------- ---------
Total Delinquencies 53,615 $ 596,421 32,660 $ 351,105 18,695 $ 185,187
Repossessed Assets 3,723 42,764 3,207 37,773 1,732 18,818
--------- ----------- --------- ----------- --------- ---------
Total Delinquencies and 57,338 639,185 35,867 388,878 20,427 204,005
========= =========== ========= =========== ========= =========
Repossessed Assets
Total Delinquencies as a
Percentage of the
Portfolio 9.4% 9.0% 8.9% 8.6% 8.8% 8.1%
Total Repossessed Assets
as a Percentage of the
Portfolio 0.7% 0.6% 0.9% 0.9% 0.8% 0.9%
--------- ----------- --------- ----------- --------- ---------
Total Delinquencies and
Repossessed Assets as a
Percentage of the
Portfolio 10.1% 9.6% 9.8% 9.5% 9.6% 8.9%
========= =========== ======== =========== ========= =========
</TABLE>
____________________________________
(1) All amounts and percentages are based on the Principal Balances of the
Receivables. Principal Balances include some portion of accrued interest.
All dollar amounts are in thousands of dollars.
(2) AmeriCredit considers a loan delinquent when an Obligor fails to make a
contractual payment by the due date. The period of delinquency is based on
the number of days payments are contractually past due.
(3) Amounts shown do not include loans which are less than 31 days delinquent.
Loan Loss Experience
14
<PAGE>
Loan Loss Experience
<TABLE>
<CAPTION>
Fiscal Year Ended
June 30,
------------------
<S> <C> <C> <C>
2000 1999 1998
---------- ---------- ----------
Period-End Principal Outstanding(1) $6,649,981 $4,105,468 $2,302,516
Average Month-End Amount
Outstanding During Period(1) 5,334,580 3,129,463 1,649,416
Net Charge-Offs(2) 214,276 147,344 88,002
Net Charge-Offs as a Percentage of
Period-End Principal Outstanding 3.2% 3.6% 3.8%
Net Charge-Offs as a Percent of Average
Month-End Amount Outstanding 4.0% 4.7% 5.3%
</TABLE>
____________________________________
(1) All amounts and percentages are based on the Principal Balances of the
Receivables. Principal Balances include some portion of accrued interest.
All dollar amounts are in thousands of dollars.
(2) Net Charge-Offs equal Gross Charge-Offs minus Recoveries. Gross Charge-
Offs do not include unearned finance charges and other fees. Recoveries
include repossession proceeds received from the sale of repossessed
Financed Vehicles net of repossession expenses, refunds of unearned
premiums from credit life and credit accident and health insurance and
extended service contract costs obtained and financed in connection with
the vehicle financing and recoveries from Obligors on deficiency balances.
15
