**FORM 10-K**

 

**SECURITIES AND EXCHANGE COMMISSION**

**Washington,D.C. 20549**

 
| **ý** |   | **ANNUAL  REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF  1934.** |
|------------|--------|----------------------------------------------------------------------------------------------|

 

**For theyear ended December 31, 2001.**

 

**OR**

 
| **o** |   | **TRANSITION  REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF  1934.** |
|-------|--------|--------------------------------------------------------------------------------------------------|

 

**For thetransition period from ________________ to ______________________.**

 

 

**AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2000-1, ISSUER**

**AMERICREDIT FINANCIAL SERVICES, INC., AS SPONSOR OF THE TRUST**

**AFS FUNDING CORP., AS SELLER**

(Exact name ofRegistrants as specified in their characters)

 

**801Cherry Street, Suite 3900**

**FortWorth, Texas 76102**

**(817)302-7000**

(Address and TelephoneNumber of Principal Executive Office)

 

Securities RegisteredPursuant to Section 12 (b) of the Securities Exchange Act of 1934:   None

 

Securities RegisteredPursuant to Section 12 (g) of the Securities Exchange Act of 1934:   None

 

Indicate by check mark whether the Registrants (1) have filed allreports required to be filed by Section 13 or 15 (d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that theRegistrant was required to file such reports), and  (2) have been subject to such filing requirements for the past 90days.

 

Yes   ý   No  o

 

Indicate by check mark if the disclosure of delinquent filers pursuantto Item 405 of Regulation S-K is not contained herein and will not becontained, to the best of the Registrants’ knowledge, in definitive proxy orinformation statements incorporated by reference in Part III of this Form 10-Kor any amendment to this Form 10-K.   ý

 

 

The aggregate marketvalue of the voting stock held by non-affiliates of the Registrants.   None

 

As of January 13, 2002, there were 1,000 shares of AmeriCreditFinancial Services, Inc. Common Stock outstanding and 1,000 shares of AFSFunding Corp. Common Stock outstanding.

 

The Registrants meet the conditions set forth in General Instruction(I) (1) (a) and (b) of Form 10-K and is therefore filing this Form 10-K withthe reduced disclosure format permitted thereunder.

 

 

PART  I

 

ITEM 1.          BUSINESS

 

AFS Funding Corp. is a wholly-owned bankruptcy-remotesubsidiary of AmeriCredit Financial Services, Inc.  AmeriCredit Automobile Receivables Trust 2000-1 (the “Trust”) isa bankruptcy-remote Delaware Business Trust. The Trust was formed solely for the purpose of acquiring from AFSFunding Corp. certain motor vehicle retail installment sales contracts (the“Contracts”) and interests in the automobiles underlying the contracts and securitizingthe contracts through the issuance of debt securities (the “Notes”).  As bankruptcy-remote entities, AFS FundingCorp. and the Trust are restricted so that (a) they do not engage in businesswith, or incur liabilities to, any other entity (other than the Trustee onbehalf of the holders of the Notes) which may bring bankruptcy proceedingsagainst AFS Funding Corp. or the Trust and (b) the risk that they will beconsolidated into the bankruptcy proceedings of any other entity is diminished.  AFS Funding Corp. and the Trust have noother assets other than the Contracts and an interest in the automobilesunderlying the Contracts and proceeds thereof.

 

ITEM 2.          PROPERTIES

 

None.

 

ITEM 3.          LEGAL PROCEEDINGS

 

None.

 

ITEM 4.          SUBMISSION OFMATTERS TO A VOTE OF SECURITY HOLDERS

 

None.

 

PART  II

 

ITEM 5.          MARKET FORREGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

 

The sole holder of AmeriCredit Financial Services,Inc.’s equity shares is AmeriCredit Corp. and the sole holder of AFS FundingCorp.’s equity shares is AmeriCredit Financial Services, Inc.  There is currently no market for the equityshares of AmeriCredit Financial Services, Inc. or AFS Funding Corp. nor is itanticipated that such a market will develop.

 

ITEM 6.          SELECTEDFINANCIAL DATA

 

Not Applicable.

 

ITEM 7.          MANAGEMENT’S DISCUSSION AND ANALYSISOF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

Not Applicable.

 

ITEM 8.          FINANCIALSTATEMENTS AND SUPPLEMENTAL DATA

 

Not Applicable.

 

ITEM 9.          CHANGE IN ANDDISAGREEMENTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

 

None.

 

ITEM 10.        DIRECTORS ANDOFFICERS OF THE REGISTRANT

 

Not Applicable.

 

ITEM 11.        EXECUTIVECOMPENSATION

 

Not Applicable.

 

ITEM 12.        SECURITY OWNERSHIPOF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

 

Not Applicable.

 

ITEM 13.        CERTAIN RELATIONSHIPSAND RELATED TRANSACTIONS

 

Not Applicable.

 

PART  IV

 

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

 

The exhibits filed in response to Item 601 ofRegulation S-K are listed in the Exhibit Index.

 

 

 

SIGNATURES

 

Pursuant to the requirements of Section 13 or 15 (d)of the Securities Exchange Act of 1934, AFS Funding Corp. has duly caused thisreport to be signed on its behalf by the undersigned, thereunto dulyauthorized.

 
|   | AFS FUNDING CORP. |                  |
|--------|-------------------|-----------------------|
|   |              |                  |   |
|   |              |                  |   |
|   |              |                  |   |
|   | By:               | /s/ Preston A. Miller |   |
|   |              | Name:                 | Preston A. Miller |
|   |              | Title:                | Executive Vice President and Treasurer |
|   |              |                  |   |
|   |              | Dated:                | January 16, 2002 |
|        |                   |                       |  |  |

 

 

 

SIGNATURES

 

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

 
|   | AMERICREDIT FINANCIAL SERVICES, INC. |
|--------|--------------------------------------|
|   |                                 |   |   |
|   |                                 |   |   |
|   |                                 |   |   |
|   | By:                                  | /s/ Preston A. Miller |   |
|   |                                 | Name: | Preston A. Miller |
|   |                                 | Title: | Executive Vice President and Treasurer |
|   |                                 |   |   |
|   |                                 | Dated: | January 16, 2002 |
|        |                                      |  |  |  |

 

SIGNATURES

 

Pursuant to the requirements of Section 13 or 15 (d)of the Securities Exchange Act of 1934, AmeriCredit Automobile ReceivablesTrust 2000-1 has duly caused this report to be signed on its behalf by theundersigned, thereunto duly authorized.

 
|   | AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2000-1 |
|--------|-------------------------------------------------|
|   |                                            |   |   |
|   | By:                                             | AMERICREDIT FINANCIAL SERVICES, INC., |
|   |                                            | as sponsor and as servicer |
|   |                                            |   |   |
|   |                                            |   |   |
|   |                                            |   |   |
|   |                                            |   |   |
|   | By:                                             | /s/ Preston A. Miller |   |
|   |                                            | Name: | Preston A. Miller |
|   |                                            | Title: | Executive Vice President and Treasurer |
|   |                                            |   |   |
|   |                                            | Dated: | January 16, 2002 |
|        |                                                 |  |  |  |

 

 

EXHIBIT INDEX

 
| 99.1   |   | Servicer’s Report for monthly period ended March 31,  2001, incorporated by reference to the Form 8-K filed with the Securities and  Exchange Commission (the “SEC”) on April 11, 2001. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                   |
| 99.2   |   | Servicer’s Report for monthly period ended April 30,  2001, incorporated by reference to the Form 8-K filed with the SEC on May 15,  2001.                                                        |
|   |   |                                                                                                                                                                                                   |
| 99.3   |   | Servicer’s Report for monthly period ended May 31,  2001, incorporated by reference to the Form 8-K filed with the SEC on June  12, 2001.                                                         |
|   |   |                                                                                                                                                                                                   |
| 99.4   |   | Servicer’s Report for monthly period ended June 30,  2001, incorporated by reference to the Form 8-K filed with the SEC on July  13, 2001.                                                        |
|   |   |                                                                                                                                                                                                   |
| 99.5   |   | Servicer’s Report for monthly period ended July 31,  2001, incorporated by reference to the Form 8-K filed with the SEC on August  15, 2001.                                                      |
|   |   |                                                                                                                                                                                                   |
| 99.6   |   | Servicer’s Report for monthly period ended August  31, 2001, incorporated by reference to the Form 8-K filed with the SEC on  September 14, 2001.                                                 |
|   |   |                                                                                                                                                                                                   |
| 99.7   |   | Servicer’s Report for monthly period ended September  30, 2001, incorporated by reference to the Form 8-K filed with the SEC on  October 12, 2001.                                                |

| 99.8   |   | Servicer’s Report for monthly period ended October  31, 2001, incorporated by reference to the Form 8-K filed with the SEC on  November 15, 2001.  |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                    |
| 99.9   |   | Servicer’s Report for monthly period ended November  30, 2001, incorporated by reference to the Form 8-K filed with the SEC on  December 11, 2001. |
|   |   |                                                                                                                                                    |
| 99.10  |   | Servicer’s Report for monthly period ended December  31, 2001, incorporated by reference to the Form 8-K filed with the SEC on  January 14, 2002.  |