|  |  |  |
|--|--|--|
|  |

|                                                                |  |                                      |  |  |  |  |  |  |
|----------------------------------------------------------------|--|--------------------------------------|--|--|--|--|--|--|
| Delaware                                                       |  | 87-6381063                           |
| (State or other jurisdiction of incorporation or organization) |  | (I.R.S. Employer Identification No.) |
|                                                                |  |                                      |
| AmeriCredit Financial Services, Inc. (as originator)           |  |                                      |
| 801 Cherry Street, Suite 3500                                  |  |                                      |
| Fort Worth, TX                                                 |  | 76102                                |
| (Address of principal executive offices)                       |  | (Zip Code)                           |

|                                 |  |                                   |  |  |  |  |  |  |
|---------------------------------|--|-----------------------------------|--|--|--|--|--|--|
| Large accelerated filer ☐ |  | Accelerated filer ☐         |
| Non-accelerated filer ☒   |  | Smaller reporting company ☐ |
|                                 |  | Emerging growth company ☐   |

|  |  |  |
|--|--|--|
|  |

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|          |                   |  |  |  |  |
|----------|-------------------|--|--|--|--|
| ITEM 1.  | BUSINESS          |
| ITEM 1A. | RISK FACTORS      |
| ITEM 2.  | PROPERTIES        |
| ITEM 3.  | LEGAL PROCEEDINGS |

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|          |                                                                                                                    |  |  |  |  |
|----------|--------------------------------------------------------------------------------------------------------------------|--|--|--|--|
| ITEM 5.  | MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES |
| ITEM 6.  | [RESERVED]                                                                                                 |
| ITEM 7.  | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS                        |
| ITEM 7A. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK                                                         |
| ITEM 8.  | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA                                                                        |
| ITEM 9.  | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE                               |
| ITEM 9A. | CONTROLS AND PROCEDURES                                                                                            |

|          |                                                                                                |  |  |  |  |
|----------|------------------------------------------------------------------------------------------------|--|--|--|--|
| ITEM 10. | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE                                         |
| ITEM 11. | EXECUTIVE COMPENSATION                                                                         |
| ITEM 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS |
| ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE                      |
| ITEM 14. | PRINCIPAL ACCOUNTANT FEES AND SERVICES                                                         |

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|     |     |                              |  |  |  |  |  |  |
|-----|-----|------------------------------|--|--|--|--|--|--|
| (a) | (1) | Not applicable               |
|     | (2) | Not applicable               |
|     | (3) | As reported under clause (b) |

|                |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  |  |  |  |  |  |
|----------------|--|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|--|--|
| Exhibit Number |  | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| Exhibit 4.1    |  | Indenture, dated as of June 30, 2021, among GM Financial Automobile Leasing Trust 2021-3, AmeriCredit Financial Services, Inc., d/b/a/ GM Financial, as Servicer, and Computershare Trust Company, N.A. (as successor to Wells Fargo Bank, National Association), as Indenture Trustee (incorporated by reference from Exhibit 4.1 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2021-3 with the SEC on August 23, 2021), as amended by that certain Omnibus Amendment, dated as of October 3, 2022, among GM Financial Automobile Leasing Trust 2021-3, AmeriCredit Financial Services, Inc., d/b/a GM Financial, GMF Leasing LLC, ACAR Leasing Ltd., APGO Trust, Computershare Trust Company, N.A., Wells Fargo Bank, N.A. and Wilmington Trust Company (incorporated by reference from Exhibit 99.1 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2021-3 with the SEC on October 3, 2022).                               |
|                |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| Exhibit 4.3    |  | Amended and Restated Trust Agreement, dated as of June 30, 2021, between GMF Leasing LLC, as Depositor, and Wilmington Trust Company, as Owner Trustee (incorporated by reference from Exhibit 4.3 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2021-3 with the SEC on August 23, 2021), as amended by that Omnibus Amendment, dated as of October 3, 2022, among GM Financial Automobile Leasing Trust 2021-3, AmeriCredit Financial Services, Inc., d/b/a GM Financial, GMF Leasing LLC, ACAR Leasing Ltd., APGO Trust, Computershare Trust Company, N.A., Wells Fargo Bank, N.A. and Wilmington Trust Company (incorporated by reference from Exhibit 99.1 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2021-3 with the SEC on October 3, 2022).                                                                                                                                                                                   |
|                |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| Exhibit 4.5    |  | 2021-3 Exchange Note Supplement, dated as of June 30, 2021, among ACAR Leasing Ltd., as Borrower, AmeriCredit Financial Services, Inc., d/b/a GM Financial, as Lender and Servicer, and Computershare Trust Company, N.A. (as successor to Wells Fargo Bank, National Association), as Administrative Agent and Collateral Agent (incorporated by reference from Exhibit 4.5 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2021-3 with the SEC on August 23, 2021), as amended by that Omnibus Amendment, dated as of October 3, 2022, among GM Financial Automobile Leasing Trust 2021-3, AmeriCredit Financial Services, Inc., d/b/a GM Financial, GMF Leasing LLC, ACAR Leasing Ltd., APGO Trust, Computershare Trust Company, N.A., Wells Fargo Bank, N.A. and Wilmington Trust Company (incorporated by reference from Exhibit 99.1 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2021-3 with the SEC on October 3, 2022). |
|                |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| Exhibit 4.5.1  |  | Third Amended and Restated Credit and Security Agreement, dated as of October 3, 2022, among ACAR Leasing Ltd., as Borrower, AmeriCredit Financial Services, Inc., d/b/a GM Financial, as Lender and Servicer, and Computershare Trust Company, N.A., as Administrative Agent and Collateral Agent (incorporated by reference from Exhibit 4.5 of the Current Report on Form 8-K filed by ACAR Leasing Ltd. (File No. 333-261801-01) with the SEC on October 3, 2022).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

----

|              |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |  |  |  |  |  |  |
|--------------|--|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|--|--|
|              |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Exhibit 10.1 |  | 2021-3 Exchange Note Sale Agreement, dated as of June 30, 2021, between AmeriCredit Financial Services, Inc., d/b/a GM Financial and GMF Leasing LLC, as Depositor (incorporated by reference from Exhibit 10.1 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2021-3 with the SEC on August 23, 2021).                                                                                                                                                  |
|              |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Exhibit 10.2 |  | 2021-3 Exchange Note Transfer Agreement, dated as of June 30, 2021, between GMF Leasing LLC., as Transferor and GM Financial Automobile Leasing Trust 2021-3, as Transferee (incorporated by reference from Exhibit 10.2 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2021-3 with the SEC on August 23, 2021).                                                                                                                                                 |
|              |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Exhibit 10.3 |  | Fourth Amended and Restated Servicing Agreement, dated as of October 3, 2022, among ACAR Leasing Ltd., as Titling Trust, AmeriCredit Financial Services, Inc., d/b/a GM Financial, as Servicer, APGO Trust, as Settlor, and Computershare Trust Company, N.A., as Collateral Agent (incorporated by reference from Exhibit 10.3 of the Current Report on Form 8-K filed by ACAR Leasing Ltd. (File No. 333-261801-01) with the SEC on October 3, 2022).                                              |
|              |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Exhibit 10.4 |  | 2021-3 Servicing Supplement, dated as of June 30, 2021, among ACAR Leasing Ltd, as Titling Trust, AmeriCredit Financial Services, Inc., d/b/a GM Financial, as Servicer, and Computershare Trust Company, N.A. (as successor to Wells Fargo Bank, National Association), as Collateral Agent and Indenture Trustee, (incorporated by reference from Exhibit 10.4 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2021-3 with the SEC on August 23, 2021). |
|              |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Exhibit 10.5 |  | Asset Representations Review Agreement, dated as of June 30, 2021, among GM Financial Automobile Leasing Trust 2021-3, AmeriCredit Financial Services, Inc., d/b/a GM Financial and Clayton Fixed Income Services LLC, as Asset Representation Reviewer (incorporated by reference from Exhibit 10.5 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2021-3  with the SEC on August 23, 2021).                                                            |

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|              |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |  |  |  |  |  |  |
|--------------|--|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|--|--|
|              |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| Exhibit 31.1 |  | Rule 13a-14(a)/15d-14(a) Certification (Section 302 Certification).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|              |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| Exhibit 33.1 |  | Management’s Assertion Regarding Compliance with Applicable Servicing Criteria concerning servicing activities of AmeriCredit Financial Services, Inc. and its subsidiaries for the year ended December 31, 2022.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|              |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| Exhibit 33.2 |  | Assessment of Compliance with Applicable Servicing Criteria (Computershare Trust Company, N.A.)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|              |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| Exhibit 34.1 |  | Report of Independent Registered Public Accounting Firm (Ernst & Young LLP).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|              |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| Exhibit 34.2 |  | Report of Independent Registered Public Accounting Firm (PricewaterhouseCoopers LLP)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|              |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| Exhibit 35.1 |  | Servicer Compliance Statement of AmeriCredit Financial Services, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|              |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| Exhibit 99.1 |  | Administration Agreement, dated as of June 30, 2021, among GMF Leasing LLC, as Depositor, AmeriCredit Financial Services, Inc., d/b/a GM Financial, as Administrator, Computershare Trust Company, N.A. (as successor to Wells Fargo Bank, National Association), as Indenture Trustee (incorporated by reference from Exhibit 99.1 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2021-3 with the SEC on August 23, 2021), as amended by that certain Omnibus Amendment, dated as of October 3, 2022, among GM Financial Automobile Leasing Trust 2021-3, AmeriCredit Financial Services, Inc., d/b/a GM Financial, GMF Leasing LLC, ACAR Leasing Ltd., APGO Trust, Computershare Trust Company, N.A., Wells Fargo Bank, N.A. and Wilmington Trust Company (incorporated by reference from Exhibit 99.1 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2021-3 with the SEC on October 4, 2022). |

----

----

|                |  |                                                                                                                                                                                                                              |  |  |  |  |  |  |
|----------------|--|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|--|--|--|--|--|
| Exhibit Number |  | Description                                                                                                                                                                                                                  |
| Exhibit 33.1   |  | Management’s Assertion Regarding Compliance with Applicable Servicing Criteria concerning servicing activities of AmeriCredit Financial Services, Inc. and its subsidiaries for the year ended December 31, 2022. |
|                |  |                                                                                                                                                                                                                              |
| Exhibit 33.2   |  | Assessment of Compliance with Applicable Servicing Criteria (Computershare Trust Company, N.A.).                                                                                                                             |
|                |  |                                                                                                                                                                                                                              |
| Exhibit 34.1   |  | Report of Independent Registered Public Accounting Firm (Ernst & Young LLP).                                                                                                                                             |
|                |  |                                                                                                                                                                                                                              |
| Exhibit 34.2   |  | Report of Independent Registered Public Accounting Firm (PricewaterhouseCoopers LLP).                                                                                                                                        |
|                |  |                                                                                                                                                                                                                              |

|                |  |                                                                       |  |  |  |  |  |  |
|----------------|--|-----------------------------------------------------------------------|--|--|--|--|--|--|
| Exhibit Number |  | Description                                                           |
| Exhibit 35.1   |  | Servicer Compliance Statement of AmeriCredit Financial Services, Inc. |

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|  |         |  |                                |                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--|---------|--|--------------------------------|------------------------------------------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
|  | By: |  | GMF LEASING LLC,               |                                                      |
|  |         |  | as Depositor                   |                                                      |
|  |         |  |                                |                                                      |  |
|  | By: |  | /s/ Susan B. Sheffield |                                                      |
|  |         |  | Name:                      | Susan B. Sheffield                                   |
|  |         |  | Title:                     | Executive Vice President and Chief Financial Officer |
|  |         |  | Dated:                     | March 3, 2023                                        |  |