**SECURITIES AND EXCHANGE COMMISSION**

**Washington,D.C. 20549**

 

 

**FORM 10-K**

 

 

 

| **ý**                                 |   | **ANNUAL REPORT PURSUANT TO SECTION 13 OR 15  (d) OF THE SECURITIES EXCHANGE ACT OF 1934.**     |
|--------------------------------------------|--------|-------------------------------------------------------------------------------------------------|
|                                       |   |                                                                                            |
| **For the year ended December 31,  2002.** |
|                                       |   |                                                                                            |
|                                       |   | **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 RECEIVABLESTRUST 2001-C, ISSUER**

**AMERICREDITFINANCIAL SERVICES, INC., AS SPONSOR OF THE TRUST**

**AFS FUNDINGCORP., AS SELLER**

(Exact name of Registrants as specified in their characters)

 

**801 Cherry Street, Suite 3900**

**Fort Worth, Texas 76102**

**(817) 302-7000**

(Address and Telephone Number of Principal Executive Office)

 

Securities Registered Pursuant to Section 12 (b) of the SecuritiesExchange Act of 1934:      None

 

Securities Registered Pursuant to Section 12 (g) of the SecuritiesExchange 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 SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter periodthat the Registrant was required to file such reports), and  (2) have been subject to such filingrequirements for the past 90 days.

 

Yes     ý                No    o

 

Indicate by check mark if the disclosure of delinquentfilers pursuant to Item 405 of Regulation S-K is not contained herein and willnot be contained, to the best of the Registrants’ knowledge, in definitiveproxy or information statements incorporated by reference in Part III of thisForm 10-K or any amendment to this Form 10-K.  ý

 

 

### Theaggregate market value of the voting stock held by non-affiliates of theRegistrants.    None

 

As of January 29, 2003, there were 100 shares ofAmeriCredit Financial Services, Inc. Common Stock outstanding and 100 shares ofAFS Funding Corp. Common Stock outstanding.

 

The Registrants meet the conditions set forth inGeneral Instruction (I) (1) (a) and (b) of Form 10-K and is therefore filingthis Form 10-K with the reduced disclosure format permitted thereunder.

 

 

 

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PART  I

 

ITEM 1.  BUSINESS

 

AFS Funding Corp. is awholly-owned bankruptcy-remote subsidiary of AmeriCredit Financial Services,Inc.  AmeriCredit Automobile ReceivablesTrust 2001-C (the “Trust”) is a bankruptcy-remote Delaware Business Trust.  The Trust was formed solely for the purposeof acquiring from AFS Funding Corp. certain motor vehicle retail installmentsales contracts (the “Contracts”) and interests in the automobiles underlyingthe contracts and securitizing the contracts through the issuance of debtsecurities (the “Notes”).  Asbankruptcy-remote entities, AFS Funding Corp. and the Trust are restricted sothat (a) they do not engage in business with, or incur liabilities to, anyother entity (other than the Trustee on behalf of the holders of the Notes)which may bring bankruptcy proceedings against AFS Funding Corp. or the Trustand (b) the risk that they will be consolidated into the bankruptcy proceedingsof any other entity is diminished.  AFSFunding Corp. and the Trust have no other assets other than the Contracts andan interest in the automobiles underlying the Contracts and proceeds thereof.

 

ITEM 2.  PROPERTIES

 

                None.

 

ITEM 3.  LEGALPROCEEDINGS

 

                None.

 

ITEM 4.  SUBMISSIONOF MATTERS TO A VOTE OF SECURITY HOLDERS

 

                None.

 

 

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PART  II

 

ITEM 5.     MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATEDSTOCKHOLDER 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

 

                NotApplicable.

 

ITEM 7.     MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIALCONDITION AND RESULTS OF OPERATIONS

 

                NotApplicable.

 

ITEM 8.  FINANCIAL STATEMENTS AND SUPPLEMENTAL DATA

 

                NotApplicable.

 

ITEM 9.     CHANGE IN AND DISAGREEMENTS ON ACCOUNTING ANDFINANCIAL DISCLOSURE

 

                None.

 

ITEM 10.  DIRECTORS AND OFFICERS OF THE REGISTRANT

 

                NotApplicable.

 

ITEM 11.  EXECUTIVE COMPENSATION

 

                NotApplicable.

 

ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIALOWNERS AND MANAGEMENT

 

Not Applicable.

 

ITEM 13.  CERTAIN RELATIONSHIPS AND RELATEDTRANSACTIONS

 

                NotApplicable.

 

 

 

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PART  IV

 

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

 

The exhibits filed inresponse to Item 601 of Regulation S-K are listed in the Exhibit Index.

 

 

 

SIGNATURES

 

                Pursuantto the requirements of Section 13 or 15 (d) of the Securities Exchange Act of1934, AFS Funding Corp. has duly caused this report to be signed on its behalfby the undersigned, thereunto duly authorized.

 
|   |   | AFS FUNDING CORP. |                  |
|--------|--------|-------------------|-----------------------|
|   |   |              |                  |   |
|   |   | By:               | /s/ Preston A. Miller |   |
|   |   |              | Name:                 | Preston A. Miller |
|   |   |              | Title:                | Executive Vice President and Treasurer |
|   |   |              |                  |   |
|   |   |              | Dated:                | January 29, 2003 |
|        |        |                   |                       |  |  |

 

 

 

 

SIGNATURES

 

                Pursuantto the requirements of Section 13 or 15 (d) of the Securities Exchange Act of1934, AmeriCredit Financial Services, Inc. has duly caused this report to besigned 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 29, 2003 |
|        |        |                                      |                       |  |  |

 

 

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SIGNATURES

 

                Pursuantto the requirements of Section 13 or 15 (d) of the Securities Exchange Act of1934, AmeriCredit Automobile Receivables Trust 2001-C has duly caused thisreport to be signed on its behalf by the undersigned, thereunto dulyauthorized.

 
|   | AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2001-C |
|--------|-------------------------------------------------|
|   |                                            |   |
|   | 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 29, 2003                       |
|        |        |                       |                                        |  |

 

 

EXHIBIT INDEX

 

99.1                           Servicer’s Report for monthly periodended December 31, 2002

 

99.2                           Officer’s Certification of Disclosure

 

 

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