UNITED
STATES



SECURITIES
AND EXCHANGE COMMISSION



Washington,
D.C. 20549



FORM
10-K



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



For
the fiscal year ended December 31, 2019



or



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



For
the transition period from ________________ to ______________________



Commission
file number of the issuing entity: 333-206924-07

CIK
number of issuing entity: 0001710600



AMERICREDIT
AUTOMOBILE RECEIVABLES TRUST 2017-3

(Exact
name of issuing entity as specified in its charter)



Commission
File Number of depositor: 333-206924

CIK
number of depositor: 0001347185



AFS
SENSUB CORP.

(Exact
name of depositor as specified in its charter)



Commission
File Number of sponsor: 001-13329

CIK
number of sponsor: 0001002761



AMERICREDIT
FINANCIAL SERVICES, INC.

(Exact
name of sponsor as specified in its charter)





|Delaware                                             |  | 82-6398163         
|---------------------------------------------------- |  | -------------------
|(State or other jurisdiction of                      |  | (I.R.S. Employer   
|incorporation or organization)                       |  | Identification No.)
|                                                     |  |                    
|AmeriCredit Financial Services, Inc. (as originator) |  |                    
|801 Cherry Street, Suite 3500                        |  |                    
|Fort Worth, TX                                       |  | 76102              
|(Address of principal executive offices)             |  | (Zip Code)         



Registrant’s
telephone number, including area code (817) 302-7000



Securities
registered pursuant to Section 12 (b) of the Act: None



Securities
registered pursuant to Section 12 (g) of the Act: None



Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.



Yes
☐        No ☒



Indicate
by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.



Yes
☐        No ☒



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



Yes
☒        No ☐



Indicate
by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant
to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that
the registrant was required to submit such files).



Yes
☒        No ☐



Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company, or emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”
“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.



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



If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes
☐         No ☒



State
the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price
at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day
of the registrant’s most recently completed second fiscal quarter.



Not
applicable to this registrant.




















DOCUMENTS
INCORPORATED BY REFERENCE



List
hereunder the following documents if incorporated by reference and the part of the Form 10-K (e.g. Part I, Part II, etc.) into
which the document is incorporated: (1) Any annual report to security holders; (2) Any proxy or information statement; and (3)
Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed documents should be clearly described
for identification purposes (e.g., annual report to security holders for fiscal year ended December 24, 1980).



None.



PART
I



The
following Items have been omitted in accordance with General Instruction J to Form 10-K:



| | ITEM
                                         1. | BUSINESS
| | ------------------------------------------------ | --------

| | ITEM
                                         1A. | RISK
                                         FACTORS
| | ------------------------------------------------- | -----------------------------------------------------

| | ITEM
                                         2. | PROPERTIES
| | ------------------------------------------------ | ----------

| | ITEM
                                         3. | LEGAL
                                         PROCEEDINGS
| | ------------------------------------------------ | ----------------------------------------------------------



| | ITEM
                                         1B. | UNRESOLVED
                                         STAFF COMMENTS
| | ------------------------------------------------- | ------------------------------------------------------------------



None.



| | ITEM
                                         4. | MINE
                                         SAFETY DISCLOSURES
| | ------------------------------------------------ | ----------------------------------------------------------------



Not
applicable.













PART
II



The
following Items have been omitted in accordance with General Instruction J to Form 10-K:



| | ITEM
                                         5. | MARKET
                                         FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES
                                         OF EQUITY SECURITIES
| | ------------------------------------------------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | ITEM
                                         6. | SELECTED
                                         FINANCIAL DATA
| | ------------------------------------------------ | ----------------------------------------------------------------



| | 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
                                         9B. | OTHER
                                         INFORMATION
| | ------------------------------------------------- | ----------------------------------------------------------



None.



PART
III



The
following Items have been omitted in accordance with General Instruction J to Form 10-K:



| | 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
                                         ACCOUNTING FEES AND SERVICES
| | ------------------------------------------------- | -------------------------------------------------------------------------------













PART
IV



| | ITEM
                                         15. | EXHIBITS,
                                         FINANCIAL STATEMENT SCHEDULES
| | ------------------------------------------------- | --------------------------------------------------------------------------------



| | (a)(1) | Not
                                         applicable
| | ------ | -------------------------------------------------------

| | (2) | Not
                                         applicable
| | --- | -------------------------------------------------------

| | (3) | As
                                         reported under clause (b)
| | --- | ---------------------------------------------------------------------



(b)



|Exhibit
Number |  | Description                                                                                                                                                                                                                                                                                                                                            
|-------------- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|               |  |                                                                                                                                                                                                                                                                                                                                                        
|Exhibit 4.1    |  | Indenture,
dated as of July 5, 2017, between AmeriCredit Automobile Receivables Trust 2017-3 and Citibank, N.A, as Trustee and Trust Collateral
Agent (incorporated by reference from Exhibit 4.1 of the Current Report on Form 8-K filed by AmeriCredit Automobile Receivables
Trust 2017-3 (File No. 333-206924-07) with the SEC on August 22, 2017).



|Exhibit 4.2 |  | Amended
and Restated Trust Agreement, dated as of July 5, 2017, between AFS SenSub Corp., as Seller, and Wilmington Trust Company, as
Owner Trustee (incorporated by reference from Exhibit 4.2 of the Current Report on Form 8-K filed by AmeriCredit Automobile Receivables
Trust 2017-3 (File No. 333-206924-07) with the SEC on August 22, 2017).
|----------- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|Exhibit 4.3 |  | Sale
and Servicing Agreement, dated as of July 5, 2017, among AmeriCredit Automobile Receivables Trust 2017-3, as Issuer, AmeriCredit
Financial Services, Inc., as Servicer, AFS SenSub Corp., as Seller, and Citibank, N.A, as Trust Collateral Agent (incorporated
by reference from Exhibit 4.3 of the Current Report on Form 8-K filed by AmeriCredit Automobile Receivables Trust 2017-3 (File
No. 333-206924-07) with the SEC on August 22, 2017).
|----------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|Exhibit 10.1 |  | Purchase
Agreement, dated as of July 5, 2017, between AmeriCredit Financial Services, Inc., as Seller and AFS SenSub Corp., as Purchaser
(incorporated by reference from Exhibit 10.1 of the Current Report on Form 8-K filed by AmeriCredit Automobile Receivables Trust
2017-3 (File No. 333-206924-07) with the SEC on August 22, 2017).
|------------ |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|Exhibit 10.6 |  | Asset
Representations Review Agreement, dated as of July 5, 2017, among AmeriCredit Automobile Receivables Trust 2017-3, AmeriCredit
Financial Services, Inc., and Clayton Fixed Income Services LLC, as Asset Representation Reviewer (incorporated by reference from
Exhibit 10.6 of the Current Report on Form 8-K filed by AmeriCredit Automobile Receivables Trust 2017-3 (File No. 333-206924-07)
with the SEC on August 22, 2017).
|------------ |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|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, 2019.
|------------ |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|Exhibit 33.2 |  | Assessment
of Compliance with Applicable Servicing Criteria (Citibank, 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 (KPMG LLP).
|------------ |  | -------------------------------------------------------------------



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



| | (c) | Not
applicable.
| | --- | ---------------













| | ITEM
                                         16. | FORM
                                         10-K SUMMARY
| | ------------------------------------------------- | ----------------------------------------------------------



None.



SUBSTITUTE
INFORMATION INCLUDED IN ACCORDANCE WITH GENERAL INSTRUCTION J TO FORM 10-K:



ITEM
1112(b) OF REGULATION AB. SIGNIFICANT OBLIGORS OF POOL ASSETS (FINANCIAL INFORMATION)



There
is no single obligor that represents more than 10% of the pool assets.



ITEM
1114(b)(2) OF REGULATION AB. CREDIT ENHANCEMENT AND OTHER SUPPORT, EXCEPT FOR CERTAIN DERIVATIVE INSTRUMENTS (FINANCIAL INFORMATION)



There
is no external credit enhancement or other support provider that is liable to provide payments supporting any notes or certificates
issued by the Issuing Entity.



ITEM
1115(b) OF REGULATION AB. CERTAIN DERIVATIVE INSTRUMENTS (FINANCIAL INFORMATION)



No
entity provides any derivative instruments that are used to alter the payment characteristics of the cash flows from the Issuing
Entity.



ITEM
1117 OF REGULATION AB. (LEGAL PROCEEDINGS)



The
sponsor is subject to various pending and potential legal and regulatory proceedings in the ordinary course of business, including
litigation, arbitration, claims, investigations, examinations, subpoenas and enforcement proceedings. Some litigation against
the sponsor could take the form of class actions. The outcomes of these proceedings are inherently uncertain, and thus the sponsor
cannot confidently predict how or when these proceedings will be resolved. An adverse outcome in one or more of these proceedings
could result in substantial damages, settlements, fines, penalties, diminished income or reputational harm to the sponsor, and
could materially and adversely affect the interest of the noteholders or the servicer’s ability to perform its duties under
the transaction documents. The proceedings identified below are those in connection with which the sponsor believes a material
loss is reasonably possible or probable.



In
2014 and 2015, General Motors Financial Company, Inc. was served with investigative subpoenas from various state attorneys general
and other governmental offices to produce documents and data relating to its automobile loan and lease business and securitization
of loans and leases. General Motors Financial Company, Inc. believes that it has cooperated fully with all reasonable requests
for information.



On
June 18, 2014, a civil action was filed against Citibank in the Supreme Court of the State of New York by a group of investors
in 48 private-label RMBS trusts for which Citibank allegedly serves or did serve as trustee, asserting claims for purported violations
of the Trust Indenture Act of 1939 (the “Trust Indenture Act”), breach of contract, breach of fiduciary duty and negligence
based on Citibank’s alleged failure to perform its duties as trustee for the 48 RMBS trusts. On November 24, 2014, plaintiffs
sought leave to withdraw this action. On the same day, a smaller subset of similar plaintiff investors in 27 private-label RMBS
trusts for which Citibank allegedly serves or did serve as trustee, filed a new civil action against Citibank in the United States
District Court for the Southern District of New York asserting similar claims as the prior action filed in state court. In January
2015, the court closed plaintiffs’ original state court action. On September 8, 2015, the federal court dismissed all claims
as to 24 of the 27 trusts and allowed certain of the claims to proceed as to the other three trusts. Subsequently, plaintiffs
voluntarily dismissed all claims with respect to two of the three trusts. On April 7, 2017, Citibank filed a motion for summary
judgment. Plaintiffs filed its consolidated opposition brief and cross motion for partial summary judgment on May 22, 2017. Briefing
on those motions was completed on August 4, 2017. On March 22, 2018, the court granted Citibank’s motion for summary
judgment in its entirety, denied Plaintiffs’ motion for summary judgment and ordered the clerk to close the case. On April
20, 2018, plaintiffs filed a notice of appeal. Plaintiffs’ opening brief was filed on August 3, 2018. Citibank filed its
opposition on November 2, 2018. Plaintiffs’ reply is due November 16, 2018. On June 7, 2019, the Second Circuit dismissed
plaintiffs’ appeal following the parties’ filing of a stipulation withdrawing the case with prejudice pursuant to
Federal Rule of Appellate Procedure 42.













On
November 24, 2015, the same investors that brought the federal case brought a new civil action in the Supreme Court of the State
of New York related to 25 private-label RMBS trusts for which Citibank allegedly serves or did serve as trustee. This case includes
the 24 trusts previously dismissed in the federal action, and one additional trust. The investors assert claims for breach of
contract, breach of fiduciary duty, breach of duty to avoid conflicts of interest, and violation of New York’s Streit Act
(the “Streit Act”). Following oral argument on Citibank’s motion to dismiss, Plaintiffs filed an amended complaint
on August 5, 2016. On June 27, 2017, the state court issued a decision, dismissing the Event of Default claims, mortgage-file-related
claims, the fiduciary duty claims, and the conflict of interest claims. The decision sustained certain breach of contract claims
including the claim alleging discovery of breaches of representations and warranties, a claim related to robo-signing, and the
implied covenant of good faith claim. Citibank appealed the lower court’s decision, and on January 16, 2018, the Appellate
Division, First Department, dismissed the claims related to robo-signing and the implied covenant of good faith, but allowed plaintiffs’
claim alleging discovery of breaches of representations and warranties to proceed. On June 7, 2019, plaintiffs filed a motion
for discontinuance of the action and dismissal of plaintiffs’ claims with prejudice.



On
August 19, 2015, the Federal Deposit Insurance Corporation (FDIC) as Receiver for a failed financial institution filed a civil
action against Citibank in the Southern District of New York. This action relates to one private-label RMBS trust for which Citibank
formerly served as trustee. FDIC asserts claims for breach of contract, violation of the Streit Act, and violation of the Trust
Indenture Act. Citibank jointly briefed a motion to dismiss with The Bank of New York Mellon and U.S. Bank, N.A., entities that
have also been sued by FDIC in their capacity as trustee, and these cases have all been consolidated in front of Judge Carter.
On September 30, 2016, the Court granted the motion to dismiss without prejudice for lack of subject matter jurisdiction. On October
14, 2016, FDIC filed a motion for reargument or relief from judgment from the Court’s dismissal order. On July 11, 2017,
Judge Carter ruled on the motion for reconsideration regarding his dismissal of the action. He denied reconsideration of his decision
on standing, but granted leave to amend the complaint by October 9, 2017. The FDIC subsequently requested an extension of time
to file its amended complaint, which was granted. The FDIC filed its amended complaint on December 8, 2017. Defendants’
jointly filed a motion to dismiss the amended complaint and that joint motion was fully briefed as of May 3, 2018. On March
20, 2019, the Court granted Defendants’ joint motion to dismiss the amended complaint. The FDIC’s deadline to file
a notice of appeal was April 22, 2019. The FDIC has not appealed.



There
can be no assurances as to the outcome of litigation or the possible impact of litigation on the trustee or the RMBS trusts. However,
Citibank denies liability and continues to vigorously defend against these litigations. Furthermore, neither the above-disclosed
litigations nor any other pending legal proceeding involving Citibank will materially affect Citibank’s ability to perform
its duties as Trustee under the Indenture for this ABS transaction.



ITEM
1119 OF REGULATION AB. AFFILIATIONS AND CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS



Information
required by Item 1119 of Regulation AB has been omitted from this report on Form 10-K in reliance on the Instruction to Item
1119.













ITEM
1122 OF REGULATION AB. COMPLIANCE WITH APPLICABLE SERVICING CRITERIA.



The
following documents are filed as part of this report.



|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, 2019.
|               |  |                                                                                                                                                                                                                  
|Exhibit 33.2   |  | Assessment of Compliance with Applicable Servicing Criteria (Citibank, 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 (KPMG LLP).                                                                                                                                              



The
Servicer has complied, in all material respects, with the Applicable Servicing Criteria.



ITEM
1123 OF REGULATION AB. SERVICER COMPLIANCE STATEMENT



The
following documents are filed as part of this report.



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













SIGNATURES



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





| | By: | AFS SENSUB CORP., | 
| | --- | ----------------- | 
| |     | as Depositor      | 





| | By: | /s/ Susan B. Sheffield                                      | 
| | --- | ----------------------------------------------------------- | 
| |     | Name: Susan B. Sheffield                                    | 
| |     | Title: Executive Vice President and Chief Financial Officer | 
| |     | Dated: March 6, 2020                                        | 



Supplemental
Information to be Furnished With Reports Filed Pursuant to Section 15(d) of the Act by Registrants Which Have Not Registered Securities
Pursuant to Section 12 of the Act.



No
annual report, proxy statement, form of proxy or other proxy soliciting material has been sent to certificateholders, and the
registrant does not presently contemplate sending any such materials subsequent to the filing of this report.