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Previous: AMERICREDIT FINANCIAL SERVICES INC, 8-K, EX-23.2, 2000-12-01 |
Next: AMERICREDIT FINANCIAL SERVICES INC, S-3/A, 2000-12-01 |
<PAGE>
AmeriCredit Automobile Receivables Trust 2000-1
BALANCE SHEET
October 18, 2000
ASSETS
Cash. $1,000
------
Total Assets $1,000
======
LIABILITIES AND TRUST PRINCIPAL
Interest in Trust $1,000
------
Total liabilities and trust principal $1,000
======
The accompanying notes are an integral part of this financial statement.
<PAGE>
AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2000-1
NOTES TO FINANCIAL STATEMENT
------------------
1. NATURE OF OPERATIONS:
AmeriCredit Automobile Receivables Trust 2000-1 (the "Trust"), was formed
in the State of Delaware on October 11, 2000. The Trust has been inactive
since that date.
The Trust was organized to engage exclusively in the following business
and financial activities: to acquire motor vehicle retail installment sale
contracts from AFS SenSub Corp. and any of its affiliates; to issue and sell
notes collateralized by its assets; and to engage in any lawful act or
activity and to exercise any power that is incidental and is necessary or
convenient to the foregoing. AFS SenSub Corp., is a Nevada corporation which
is a wholly owned subsidiary of AmeriCredit Financial Services, Inc.
2. CAPITAL CONTRIBUTION:
AFS SenSub Corp. purchased, for $1,000, a 100% beneficial ownership
interest in the Trust on October 18, 2000.
<PAGE>
COMPOSITION OF THE RECEIVABLES
2000-1
<TABLE>
<CAPTION>
New Used Total
------------------ ---------------- ----------------------
<S> <C> <C> <C> <C>
Aggregate Principal Balance $179,845,662.64 $320,154,306.97 $499,999,969.61
Number of Receivables in Pool 10,432 24,665 35,097
Percent of Pool by Principal Balance 35.97% 64.03%
Average Principal Balance $17,239.81 $12,980.11 $14,246.23
Range of Principal Balances ($613.08 to $51,539.99) ($271.28 to $52,099.57)
Weighted Average APR 18.06% 19.86% 19.21%
Range of APRs (10.95% to 28.00%) (9.95% to 30.00%)
Weighted Average Remaining Term 63 57 59
Range of Remaining Terms (3 to 72 months) (3 to 72 months)
Weighted Average Original Term 65 61 62
Range of Original Terms (24 to 72 months) (18 to 72 months)
</TABLE>
(1) Aggregate Principal Balance includes some portion of accrued interest. As a
result, the Weighted Average APR of the Receivables may not be equivalent
to the Contracts' aggregate yield on the Aggregate Principal Balance.
DISTRIBUTION OF THE RECEIVABLES BY APR AS OF THE CUTOFF DATE
<TABLE>
<CAPTION>
Aggregate Principal
Balance as of Cutoff Percent of Aggregate Number of Percent of Number of
APR Range (1) Date Principal Balance (2) Receivables Receivables (2)
------------- -------------------- --------------------- ----------- ---------------------
<S> <C> <C> <C> <C>
9.000% to 9.999% 152,024.50 0.03% 7 0.02%
10.000% to 10.999% 40,952.96 0.01% 2 0.01%
11.000% to 11.999% 163,867.58 0.03% 7 0.02%
12.000% to 12.999% 8,711,104.29 1.74% 515 1.47%
13.000% to 13.999% 5,386,839.38 1.08% 282 0.80%
14.000% to 14.999% 14,913,864.41 2.98% 841 2.40%
15.000% to 15.999% 18,358,803.45 3.67% 1,080 3.08%
16.000% to 16.999% 53,038,205.62 10.61% 3,035 8.65%
17.000% to 17.999% 108,250,995.01 21.65% 6,821 19.43%
18.000% to 18.999% 57,396,187.41 11.48% 4,160 11.85%
19.000% to 19.999% 46,526,851.75 9.31% 3,207 9.14%
20.000% to 20.999% 60,003,056.23 12.00% 4,661 13.28%
21.000% to 21.999% 52,728,956.44 10.55% 4,058 11.56%
22.000% to 22.999% 28,916,055.31 5.78% 2,284 6.51%
23.000% to 23.999% 30,412,837.81 6.08% 2,630 7.49%
24.000% to 24.999% 12,141,678.37 2.43% 1,202 3.42%
25.000% to 25.999% 1,981,105.79 0.40% 213 0.61%
26.000% to 26.999% 455,727.73 0.09% 47 0.13%
27.000% to 27.999% 245,953.62 0.05% 23 0.07%
28.000% to 28.999% 53,724.46 0.01% 7 0.02%
29.000% to 29.999% 115,522.25 0.02% 14 0.04%
30.000% to 30.999% 5,655.24 0.00% 1 0.00%
----------------- ------ ------ ------
TOTAL $ 499,999,969.61 100.00% 35,097 100.00%
================= ======= ====== ======
</TABLE>
(1) Aggregate Principal Balances include some portion of accrued interest.
Indicated APR's represent APR's on Principal Balance net of such accrued
interest.
(2) Percentages may not add to 100% because of rounding.
DISTRIBUTION OF THE RECEIVABLES BY GEOGRAPHIC LOCATION OF OBLIGOR
2000-1
<TABLE>
<CAPTION>
Aggregate Principal
Balance as of Cutoff Percent of Aggregate Number of Percent of Number of
State Date Principal Balance (1) Receivables Receivables (1)
------------- -------------------- --------------------- ----------- ---------------------
<S> <C> <C> <C> <C>
Alabama 8,446,579.34 1.69% 558 1.59%
Arizona 18,568,023.10 3.71% 1,320 3.76%
California 58,200,169.73 11.64% 3,960 11.28%
Colorado 6,462,810.66 1.29% 438 1.25%
Connecticut 5,447,106.21 1.09% 386 1.10%
Delaware 1,974,361.81 0.39% 135 0.38%
Florida 42,678,306.72 8.54% 2,960 8.43%
Georgia 18,449,612.03 3.69% 1,252 3.57%
Illinois 19,461,965.28 3.89% 1,359 3.87%
Indiana 9,880,265.12 1.98% 704 2.01%
Iowa 2,633,936.58 0.53% 184 0.52%
Kansas 3,664,764.80 0.73% 254 0.72%
Kentucky 6,188,021.62 1.24% 471 1.34%
Louisiana 9,530,546.02 1.91% 616 1.76%
Maine 1,590,036.89 0.32% 132 0.38%
Maryland 9,691,563.24 1.94% 674 1.92%
Massachusetts 6,999,374.73 1.40% 564 1.61%
Michigan 15,571,202.40 3.11% 1,065 3.03%
Minnesota 7,408,977.09 1.48% 499 1.42%
Mississippi 3,713,982.34 0.74% 254 0.72%
Missouri 6,926,576.46 1.39% 494 1.41%
Nebraska 1,478,187.02 0.30% 103 0.29%
Nevada 6,450,547.20 1.29% 489 1.39%
New Hampshire 2,270,363.06 0.45% 178 0.51%
New Jersey 14,012,802.41 2.80% 997 2.84%
New Mexico 3,138,990.58 0.63% 226 0.64%
New York 20,752,559.61 4.15% 1,454 4.14%
North Carolina 15,057,268.95 3.01% 1,084 3.09%
Ohio 20,125,960.46 4.03% 1,548 4.41%
Oklahoma 4,330,807.92 0.87% 334 0.95%
Oregon 1,738,962.59 0.35% 141 0.40%
Pennsylvania 25,956,474.85 5.19% 1,873 5.34%
Rhode Island 1,800,651.38 0.36% 148 0.42%
South Carolina 5,534,997.46 1.11% 383 1.09%
Tennessee 8,285,159.84 1.66% 609 1.74%
Texas 66,409,481.64 13.28% 4,351 12.40%
Utah 2,460,971.65 0.49% 182 0.52%
Virginia 13,005,913.12 2.60% 1,004 2.86%
Washington 8,784,142.81 1.76% 650 1.85%
West Virginia 3,341,560.62 0.67% 238 0.68%
Wisconsin 7,373,649.60 1.47% 516 1.47%
Other (2) 4,202,334.67 0.84% 310 0.88%
----------------- ------ ------ ------
TOTAL $ 499,999,969.61 100.00% 35,097 100.00%
================= ======= ====== ======
</TABLE>
(1) Percentages may not add to 100% because of rounding.
(2) States with principal balances less than $1,000,000.
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