AmeriCreditAutomobile Receivables Trust 2001-C

ClassA-1 3.5000 % Asset Backed Notes

ClassA-2 3.7300 % Asset Backed Notes

ClassA-3 Floating Rate Asset Backed Notes

ClassA-4 5.01% Asset Backed Notes

PreliminaryServicer’s Certificate

 

This Servicer’s Certificate has been preparedpursuant to Section 4.9 of the Sale and Servicing Agreement among AmeriCreditAutomobile Receivables Trust 2001-C, as Issuer, AmeriCredit Financial Services,Inc., as Servicer, AFS Funding Corp., as Seller, and The Chase Manhattan Bank,as the Backup Servicer and Trust Collateral Agent, dated as of September 10,2001. Defined terms have the meanings assigned to them in the Sale andServicing Agreement or in other Transaction Documents.

 

The undersigned hereby certifies that no TriggerEvent has occurred on the related Determination Date and that, to the knowledgeof the Servicer, no Insurance Agreement Event of Default has occurred.

 
| **Monthly Period Beginning:**       | 12/01/2002 |   |                 |      |             |             | **Original  Pool Balance** |
|-------------------------------------|------------|--------|----------------------|-----------|------------------|------------------|----------------------------|
| **Monthly Period Ending:**          | 12/31/2002 |   | **Purchases**        | **Units** | **Cut-off Date** | **Closing Date** |
| **Prev. Distribution/Close  Date:** | 12/06/2002 |   | **Initial Purchase** | 48,108    | 09/10/2001       | 09/18/2001       | $799,999,289               |
| **Distribution Date:**              | 01/06/2003 |   | **Sub. Purchase #1** | 6,162     | 12/13/2001       | 12/20/2001       | 99,999,663                 |
| **Days of Interest for  Period:**   | 31         |   | **Sub. Purchase #2** | 47,538    | 01/04/2002       | 01/15/2002       | 699,999,973                |
| **Days in Collection Period:**      | 31         |   |                 |      |             |             |                       |   |
| **Months Seasoned:**                | 15         |   | **Total**            |      | 101,808          |             |                       | $1,599,998,925 |

 
| **I.**  |     | **MONTHLY PERIOD RECEIVABLES  PRINCIPAL BALANCE CALCULATION:** |                                             |
|---------|----------|----------------------------------------------------------------|--------------------------------------------------|
|    |     |                                                           |                                             |   |   |   |   |   |
|    | **{1}**  |                                                           | Beginning of period Aggregate Principal  Balance |   |   |   | **{1}** | $1,112,019,065 |
|    |     |                                                           |                                             |   |   |   |   |   |
|    | **{2}**  |                                                           | Purchase of Subsequent Receivables               |   |   |   | **{2}** | 0 |
|    |     |                                                           |                                             |   |   |   |   |   |
|    |     |                                                           | Monthly Principal Amounts                        |   |   |   |   |   |
|    |     |                                                           |                                             |   |   |   |   |
|    |     |                                                           |                                             |   |   |   |   |   |
|    |     | **{3}**                                                        |                                             | Collections on Receivables outstanding at  end of period |   | **{3}** | 29,132,030 |   |
|    |     | **{4}**                                                        |                                             | Collections on Receivables paid off during  period |   | **{4}** | 10,632,719 |   |
|    |     | **{5}**                                                        |                                             | Receivables becoming Liquidated Receivables  during period |   | **{5}** | 13,680,215 |   |
|    |     | **{6}**                                                        |                                             | Receivables becoming Purchased Receivables  during period |   | **{6}** | 0 |   |
|    |     | **{7}**                                                        |                                             | Other Receivables adjustments |   | **{7}** | (250) |   |
|    |     | **{8}**                                                        |                                             | Less amounts allocable to Interest |   | **{8}** | (15,424,239) |   |
|    |     |                                                           |                                             |   |   |   |   |   |
|    |     | **{9}**                                                        |                                             | Total Monthly Principal Amounts |   |   | **{9}** | 38,020,475 |
|    |     |                                                           |                                             |   |   |   |   |   |
|    | **{10}** |                                                           | End of period Aggregate Principal Balance        |   |   |   | **{10}** | $1,073,998,590 |
|    |     |                                                           |                                             |   |   |   |   |   |
|    | **{11}** |                                                           | Pool Factor ( {10} / Original Pool Balance)      |   |   |   | **{11}** | 67.1249570% |
|    |     |                                                           |                                             |   |   |   |   |   |
| **II.** |     |                                                           | **MONTHLY PERIOD NOTE  BALANCE CALCULATION:**    | **Class A-1** | **Class A-2** | **Class A-3** | **Class A-4** | **TOTAL** |
|    | **{12}** |                                                           | Original Note Balance                            | **{12}** | $230,000,000 | $395,000,000 | $525,000,000 | $450,000,000 | $1,600,000,000 |
|    |     |                                                           |                                             |   |   |   |   |   |
|    | **{13}** |                                                           | Beginning of period Note Balance                 | **{13}** | $0 | $63,671,569 | $525,000,000 | $450,000,000 | $1,038,671,569 |
|    | **{14}** |                                                           | Noteholders’ Principal Distributable Amount | **{14}** | 0 | 38,010,683 | 0 | 0 | 38,010,683 |
|    | **{15}** |                                                           | Noteholders’ Accelerated Principal Amount   | **{15}** | 0 | 0 | 0 | 0 | 0 |
|    | **{16}** |                                                           | Accelerated Payment Amount Shortfall             | **{16}** | 0 | 860,105 | 0 | 0 | 860,105 |
|    | **{17}** |                                                           | Deficiency Claim Amount                          | **{17}** | 0 | 0 | 0 | 0 | 0 |
|    |     |                                                           |                                             |   |   |   |   |   |   |
|    | **{18}** |                                                           | End of period Note Balance                       | **{18}** | $0 | $24,800,781 | $525,000,000 | $450,000,000 | $999,800,781 |
|    |     |                                                           |                                             |   |   |   |   |   |   |
|    | **{19}** |                                                           | Note Pool Factors ( {18} / {12} )                | **{19}** | 0.0000000% | 6.2786787% | 100.0000000% | 100.0000000% | 62.4875488% |
|         |          |                                                                |                                                  |  |  |  |  |  |  |  |  |  |  |  |

 

 

1

----

 

 
| **III.** | **RECONCILIATION OF  PRE-FUNDING ACCOUNT:**        |                                                                             |                         |                     |                      |                           |                 |
|----------|----------------------------------------------------|----------------------------------------------------------------------------------|------------------------------|--------------------------|---------------------------|--------------------------------|----------------------|
|     | **{20}**                                           | Beginning of period Pre-Funding Account  balance                                 |                         |                     |                      | **{20}**                       |                 | $0 |
|     | **{21}**                                           | Purchase of Subsequent Receivables                                               |                         |                     |                      |                           |                 | **{21}** | 0 |   |
|     | **{22}**                                           | Investment Earnings                                                              |                         |                     |                      |                           |                 | **{22}** | 0 |   |
|     | **{23}**                                           | Investment Earnings Transfer to Collections  Account                             |                         |                     |                      | **{23}**                       | 0                    |   |
|     | **{24}**                                           | Payment of Mandatory Prepayment Amount                                           |                         |                     |                      | **{24}**                       | 0                    |   |
|     | **{25}**                                           | Total Month Activity                                                             |                         |                     |                      |                           |                 | **{25}** |   | 0 |
|     | **{26}**                                           | End of period Pre-Funding Account balance                                        |                         |                     |                      |                           |                 | **{26}** |   | $0 |
|     |                                               |                                                                             |                         |                     |                      |                           |                 |   |   |   |
| **IV.**  | **CALCULATION OF PRINCIPAL  DISTRIBUTABLE AMOUNT** |                                                                             |                         |                     |                      |                           |
|     | **{27}**                                           | Total Monthly Principal Amounts                                                  |                         |                     |                      |                           |                 | **{27}** |   | $38,020,475 |
|     | **{28}**                                           | Required Pro-forma Note Balance                                                  |                         |                     |                      |                           |                 | **{28}** | 977,338,717 |   |
|     | **{29}**                                           | Pro-forma Note Balance                                                           |                         |                     |                      |                           |                 | **{29}** | 1,000,651,094 |   |
|     | **{30}**                                           | Step-down Amount (Max of 0 or ({28} —  {29}))                               |                         |                     |                      | **{30}**                       |                 | 0 |
|     | **{31}**                                           | Principal Distributable Amount ({27} —  {30})                               |                         |                     |                      |                           |                 | **{31}** |   | $38,020,475 |
|     |                                               |                                                                             |                         |                     |                      |                           |                 |   |   |   |
| **V.**   |                                               | **RECONCILIATION OF  CAPITALIZED INTEREST ACCOUNT:**                             |                         |                     |                      |                           |                 |
|     | **{32}**                                           | Beginning of period Capitalized Interest  Account balance                        |                         |                     |                      | **{32}**                       |                 | $0 |
|     | **{33}**                                           | Monthly Capitalized Interest Amount                                              |                         |                     |                      |                           |                 | **{33}** | 0 |   |
|     | **{34}**                                           | Investment Earnings                                                              |                         |                     |                      |                           |                 | **{34}** | 0 |   |
|     | **{35}**                                           | Investment Earnings Transfer to Collections  Account                             |                         |                     |                      | **{35}**                       | 0                    |   |
|     | **{36}**                                           | Payment of Overfunded Capitalized Interest  Amount                               |                         |                     | **{36}**                  | 0                              |                 |
|     | **{37}**                                           | Payment of Remaining Capitalized Interest  Account                               |                         |                     |                      | **{37}**                       | 0                    |   |
|     | **{38}**                                           | Total Monthly Activity                                                           |                         |                     |                      |                           |                 | **{38}** |   | 0 |
|     | **{39}**                                           | End of period Capitalized Interest Account  balance                              |                         |                     |                      | **{39}**                       |                 | $0 |
|     |                                               |                                                                             |                         |                     |                      |                           |                 |   |   |   |
| **VI.**  | **RECONCILIATION OF  COLLECTION ACCOUNT:**         |                                                                             |                         |
|     |                                               | **Available Funds:**                                                             |                         |                     |                      |                           |                 |   |   |   |
|     | **{40}**                                           | Collections on Receivables during period  (net of Liquidation Proceeds and Fees) |                         | **{40}**                 | $39,496,113               |                           |
|     | **{41}**                                           | Liquidation Proceeds collected during  period                                    |                         |                     |                      |                           |                 | **{41}** | 4,372,325 |   |
|     | **{42}**                                           | Purchase Amounts deposited in Collection                                         |                         |                     |                      |                           |                 | **{42}** | 0 |   |
|     | **{43}**                                           | Investment Earnings — Collection Account                                    |                         |                     |                      |                           |                 | **{43}** | 34,897 |   |
|     | **{44}**                                           | Investment Earnings — Transfer From  Prefunding Account                     |                         |                     |                      | **{44}**                       | 0                    |   |
|     | **{45}**                                           | Investment Earnings — Transfer From  Capitalized Interest Account           |                         |                     | **{45}**                  | 0                              |                 |
|     | **{46}**                                           | Collection of Supplemental Servicing —  Extension Fees                      |                         |                     |                      | **{46}**                       | 276,597              |   |
|     | **{47}**                                           | Collection of Supplemental Servicing — Repo  and Recovery Fees Advanced     |                         | **{47}**                 | 371,129                   |                           |
|     | **{48}**                                           | Collection of Supplemental Servicing — Late  Fees                           |                         |                     |                      | **{48}**                       | 217,293              |   |
|     | **{49}**                                           | Monthly Capitalized Interest Amount                                              |                         |                     |                      |                           |                 | **{49}** | 0 |   |
|     | **{50}**                                           | Mandatory Note Prepayment Amount                                                 |                         |                     |                      |                           |                 | **{50}** | 0 |   |
|     | **{51}**                                           | Proceeds from Swap Agreement                                                     |                         |                     |                      |                           |                 | **{51}** | 0 |   |
|     | **{52}**                                           | Total Available Funds                                                            |                         |                     |                      |                           |                 | **{52}** |   | 44,768,354 |
|     |                                               |                                                                             |                         |                     |                      |                           |                 |   |   |   |
|     |                                               | **Distributions:**                                                               |                         |                     |                      |                           |                 |   |   |   |
|     | **{53}**                                           | Swap Payments to Swap Provider                                                   |                         |                     |                      |                           |                 | **{53}** | 1,281,656 |   |
|     | **{54}**                                           | Base Servicing Fee — to Servicer                                            |                         |                     |                      |                           |                 | **{54}** | 2,085,036 |   |
|     | **{55}**                                           | Repo and Recovery Fees — reimbursed to  Servicer                            |                         |                     |                      |                           | **{55}**             | 371,129 |   |
|     | **{56}**                                           | Bank Service Charges — reimbursed to  Servicer                              |                         |                     |                      |                           | **{56}**             | 7,082 |   |
|     | **{57}**                                           | Late Fees — to Servicer                                                     |                         |                     |                      |                           |                 | **{57}** | 217,293 |   |
|     | **{58}**                                           | Agent fees — to Trustee                                                     |                         |                     |                      |                           |                 | **{58}** | 0 |   |
|     |                                               |                                                                             |                         |                     |                      |                           |                 |   |   |   |
|     |                                               | **Noteholders’ Interest  Distributable Amount**                             |                         |                     |                      |                           |                 |   |   |
|     |                                               | **Class**                                                                        | **Beginning  Note Balance**  | **Interest  Carryover**  | **Interest  Rate**        | **Days**                       | **Days Basis**       | **Calculated  Interest** |   |   |   |   |
|     | **{59}**                                           | Class  A — 1                                                                | $0                           | 0                        | 3.50000%                  | 31                             | Actual  days/360     | $0 |   | **{59}** | 0 |   |
|     | **{60}**                                           | Class  A — 2                                                                | 63,671,569                   | 0                        | 3.73000%                  | 30                             | 30/360               | $197,912 |   | **{60}** | 197,912 |   |
|     | **{61}**                                           | Class  A — 3                                                                | 525,000,000                  | 0                        | 1.59000%                  | 31                             | Actual  days/360     | $718,813 |   | **{61}** | 718,813 |   |
|     | **{62}**                                           | Class  A — 4                                                                | 450,000,000                  | 0                        | 5.01000%                  | 30                             | 30/360               | 1,878,750 |   | **{62}** | 1,878,750 |   |
|     |                                               |                                                                             |                         |                     |                      |                           |                 |   |   |   |   |   |
|     |                                               | **Noteholders’ Principal  Distributable Amount**                            |                         |                     |                      |                           |                 |   |   |
|     |                                               | **Class**                                                                        | **Principal  Distributable** | **Principal  Carryover** | **Excess  Principal Due** | **Mandatory  Note Prepayment** | **Total  Principal** |   |   |   |   |
|     | **{63}**                                           | Class  A — 1                                                                | $0                           | 0                        | 0                         | 0                              | $0                   |   | **{63}** | 0 |   |
|     | **{64}**                                           | Class  A — 2                                                                | 38,010,683                   | 0                        | 0                         | 0                              | 38,010,683           |   | **{64}** | 38,010,683 |   |
|     | **{65}**                                           | Class  A — 3                                                                | 0                            | 0                        | 0                         | 0                              | 0                    |   | **{65}** | 0 |   |
|     | **{66}**                                           | Class  A — 4                                                                | 0                            | 0                        | 0                         | 0                              | 0                    |   | **{66}** | 0 |   |
|     |                                               |                                                                             |                         |                     |                      |                           |                 |   |   |
|     | **{67}**                                           | Security Insurer Premiums — to FSA                                          |                         |                     |                      |                           | **{67}**             | 321,777 |   |
|     | **{68}**                                           | Total distributions                                                              |                         |                     |                      |                           | **{68}**             |   | 45,090,131 |
|     |                                               |                                                                             |                         |                     |                      |                           |                 |   |   |
|     | **{69}**                                           | Excess Available Funds (or Deficiency Claim  Amount )                            |                         |                     |                      | **{69}**                       |                 | (321,777) |
|     | **{70}**                                           | Deposit to Spread Account to Increase to  Required Level                         |                         |                     |                      |                           | **{70}**             |   | 0 |
|     | **{71}**                                           | Noteholders’ Accelerated Principal Amount                                   |                         |                     |                      |                           |                 | **{71}** |   | 0 |
|     | **{72}**                                           | Deposit to Spread Account                                                        |                         |                     |                      |                           |                 | **{72}** |   | $0 |
|          |                                                    |                                                                                  |                              |                          |                           |                                |                      |  |  |  |  |  |  |  |  |  |

 

 

2

----

 

 
| **VlI.**  | **CALCULATION OF ACCELERATED  PRINCIPAL AMOUNT**         |                                                                                                  |                                                                                              |            |       |        |
|-----------|----------------------------------------------------------|-------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------|-----------------|------------|-------------|
|      | **{73}**                                                 | Excess Available Funds ({69} — {70})                                                             |                                                                                              |            |       |        |   | **{73}** | $0 |   |
|      | **{74}**                                                 | Pro Forma Note Balance ({13} — {9})                                                              |                                                                                              |            |       |        |   | **{74}** | 1,000,651,094 |   |
|      | **{75}**                                                 | Required Pro Forma Note Balance (91.0% x  ({10} + {26}))                                              |                                                                                              |            |       | **{75}**    | 977,338,717 |   |
|      | **{76}**                                                 | Excess of Pro Forma Balance over Required  Balance ({74} — {75})                                 |                                                                                              |            | **{76}**   | 23,312,377  |   |
|      | **{77}**                                                 | End of Period Class A-1 Note Balance                                                                  |                                                                                              |            |       |        |   | **{77}** | 0 |   |
|      | **{78}**                                                 | Lesser of {76} or {77}                                                                                |                                                                                              |            |       |        |   | **{78}** | 0 |   |
|      | **{79}**                                                 | Accelerated Principal Amount (lesser of  {73} or {78})                                                |                                                                                              |            |       |        | **{79}** |   | $0 |
|      |                                                     |                                                                                                  |                                                                                              |            |       |        |   |   |   |   |
| **VIII.** | **CALCULATION OF ACCELERATED  PAYMENT AMOUNT SHORTFALL** |
|      | **{80}**                                                 | Pro Forma Note Balance ({13} — {9})                                                              |                                                                                              |            |       |        |   | **{80}** | $1,000,651,094 |   |
|      | **{81}**                                                 | Required Pro Forma Note Balance (91.0% x  ({10} + {26}))                                              |                                                                                              |            | **{81}**   | 977,338,717 |   |
|      | **{82}**                                                 | Excess of Pro Forma Balance over Required  Balance ({80} — {81})                                 |                                                                                              |            | **{82}**   | 23,312,377  |   |
|      | **{83}**                                                 | End of Period Class A-1 Note Balance                                                                  |                                                                                              |            |       |        |   | **{83}** | 0 |   |
|      | **{84}**                                                 | Greater of {82} or {83}                                                                               |                                                                                              |            |       |        |   | **{84}** | 23,312,377 |   |
|      | **{85}**                                                 | Excess Available Funds ({69} — {70})                                                             |                                                                                              |            |       |        |   | **{85}** | 0 |   |
|      | **{86}**                                                 | Investment Earnings on Collection Account  ({43})                                                     |                                                                                              |            |       |        | **{86}** | 34,897 |   |
|      | **{87}**                                                 | Accelerated Payment Amount Shortfall ({84}  — {85} + {86})                                       |                                                                                              |            | **{87}**   |        | $23,347,274 |
|      |                                                     |                                                                                                  |                                                                                              |            |       |        |   |   |   |
| **IX.**   | **RECONCILIATION OF SPREAD  ACCOUNT:**                   |                                                                                                  | **Initial**                                                                                       | **Sub #1**      | **Sub #2** |        |   | **Total** |
|      | **{88}**                                                 | **Initial or Subsequent  Spread Account Deposits**                                                    |                                                                                              | **$15,999,986** | 1,999,993  | 13,999,999  |   |   | $31,999,978 |
|      | **{89}**                                                 | **Beginning of period Spread  Account balance**                                                       |                                                                                              |            |       |        | **{89}** |   | $33,360,572 |
|      |                                                     | **Additions to Spread  Account**                                                                      |                                                                                              |            |       |        | **{90}** | 0 |   |
|      |                                                     | **{90}**                                                                                              | Deposits from Collections Account ({70} +  {72})                                                  |            |       |        | **{91}** | 41,268 |   |
|      |                                                     | **{91}**                                                                                              | Investment Earnings                                                                               |            |       |        | **{92}** | 0 |   |
|      |                                                     | **{92}**                                                                                              | Deposits Related to Subsequent Receivables  Purchases                                             |            |       |        | **{93}** |   | 41,268 |
|      |                                                     | **{93}**                                                                                              | Total Additions                                                                                   |            |       |        | **{94}** |   | 33,401,840 |
|      |                                                     |                                                                                                  |                                                                                              |            |       |        |   |   |   |
|      | **{94}**                                                 | **Spread Account balance  available for withdrawals**                                                 |                                                                                              |            |       |        |   |   |
|      |                                                     | **Requisite Amount of Spread  Account**                                                               |                                                                                              |            |       |        |   |   |
|      |                                                     | **During Funding Period (The  amount below will be zero after the funding period.)**                  |                                                                                              |            |       |        |
|      |                                                     | **{95}**                                                                                              | 3% of the Aggregate Principal Balance and  the Pre-Funded Amount                                  |            |       | **{95}**    | 0 |   |
|      |                                                     | **After Funding Period (All  amounts below will be zero if not applicable or during funding period)** |                                                                                              |            |       |        |
|      |                                                     |                                                                                                  | Floor Amount (Calculation Below)-                                                                 |            |       | 23,999,984  |   |   |   |
|      |                                                     | **{96}**                                                                                              | (Max of (1.) $100,000 or (2.) Lesser of  Note Balance and 1.5% Original Pool Balance)             |            | **{96}**   | 0           |   |
|      |                                                     | **{97}**                                                                                              | Recourse Reduction Amount (if any)                                                                |            |       |        | **{97}** | 0 |   |
|      |                                                     | **{98}**                                                                                              | If OC percentage is less than 12%, then 3%  of Aggr. End Balance                                  | 32,219,958      | **{98}**   | 32,219,958  |   |
|      |                                                     | **{99}**                                                                                              | If OC % is equal to or greater than 12.00%,  then (12%—OC level)*Aggr Prin Bal               | 0               | **{99}**   | 0           |   |
|      |                                                     | **{100}**                                                                                             | If Trigger Event exists then 16% of the  Aggregate Principal Balance                              |            | **{100}**  | 0           |   |
|      |                                                     | **{101}**                                                                                             | If an Insurance Agreement Event of Default  exists then an unlimited amount (as specified by FSA) | **{101}**       | 0          |        |
|      |                                                     | **{102}**                                                                                             | Requisite Amount of Spread Account                                                                |            |       |        | **{102}** |   | 32,219,958 |
|      |                                                     | **Withdrawals from Spread  Account**                                                                  |                                                                                              |            |       |        |   |   |
|      |                                                     | **{103}**                                                                                             | Priority First — Deficiency Claim Amount                                                     |            |       |        | **{103}** | 321,777 |   |
|      |                                                     |                                                                                                  | Priority Second — Accelerated Payment  Amount Shortfall =                                    | 23,347,274      |       |        |   |   |
|      |                                                     | **{104}**                                                                                             | Accelerated Payment Amount Shortfall in  Excess of Requisite Amount                               |            |       | **{104}**   | 860,105 |   |
|      |                                                     | **{105}**                                                                                             | Priority Third through Fourth                                                                     |            |       |        | **{105}** |   |   |
|      |                                                     | **{106}**                                                                                             | Priority Fifth through Sixth                                                                      |            |       |        | **{106}** |   |   |
|      |                                                     | **{107}**                                                                                             | Priority Seventh — to Servicer                                                               |            |       |        | **{107}** | 0 |   |
|      |                                                     | **{108}**                                                                                             | Total withdrawals                                                                                 |            |       |        | **{108}** |   | 1,181,882 |
|      |                                                     |                                                                                                  |                                                                                              |            |       |        |   |   |   |
|      |                                                     | **{109}**                                                                                             | **End of period Spread  Account balance**                                                         |            |       |        | **{109}** |   | 32,219,958 |
|      |                                                     |                                                                                                  |                                                                                              |            |       |        |   |   |   |
| **X.**    | **CALCULATION OF OC LEVEL  AND OC PERCENTAGE**           |                                                                                                  |                                                                                              |            |       |        |
|      |                                                     | **{110}**                                                                                             | Aggregate Principal Balance                                                                       |            |       |        | **{110}** | 1,073,998,590 |   |
|      |                                                     | **{111}**                                                                                             | End of period Note Balance                                                                        |            |       |        | **{111}** | 999,800,781 |   |
|      |                                                     | **{112}**                                                                                             | Line {110} less line {111} (During Funding  Period amount equal to zero)                          |            | **{112}**  | 74,197,809  |   |
|      |                                                     | **{113}**                                                                                             | OC level {112} / {110}                                                                            |            |       |        | **{113}** | 6.91% |   |
|      |                                                     | **{114}**                                                                                             | Ending Spread Bal as a % of Aggregate  Principal Bal plus Prefund Bal ({109} / {110 + 26})        | **{114}**       | 3.00%      |        |
|      |                                                     | **{115}**                                                                                             | OC Percentage ({112} + {113})                                                                     |            |       |        | **{115}** |   | **9.91%** |
|      |                                                     |                                                                                                  |                                                                                              |            |       |        |   |   |   |
|           |                                                          |                                                                                                       |                                                                                                   |                 |            |             |  |  |  |  |  |  |  |  |

 

 
| By:    |   | /s/Connie Coffey                          |
|--------|--------|-------------------------------------------|
| Name:  |   | Connie Coffey                             |
| Title: |   | Senior Vice President, Treasury Reporting |
| Date:  |   | January 2, 2003                           |

 

 

3

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AmeriCreditAutomobile Receivables Trust 2001-C

ClassA-1 3.5000 % Asset Backed Notes

ClassA-2 3.7300 % Asset Backed Notes

ClassA-3 Floating Rate Asset Backed Notes

ClassA-4 5.01% Asset Backed Notes

Servicer’sCertificate

 

 

This Servicer’s Certificate has been preparedpursuant to Section 4.9 of the Sale and Servicing Agreement among AmeriCreditAutomobile Receivables Trust 2001-C, as Issuer, AmeriCredit Financial Services,Inc., as Servicer, AFS Funding Corp., as Seller, and The Chase Manhattan Bank,as the Backup Servicer and Trust Collateral Agent, dated as of September 10,2001. Defined terms have the meanings assigned to them in the Sale andServicing Agreement or in other Transaction Documents.

 

The undersigned hereby certifies that noTrigger Event has occurred on the related Determination Date and that, to theknowledge of the Servicer, no Insurance Agreement Event of Default hasoccurred.

 
| **Monthly Period Beginning:**       | 12/01/2002 |
|-------------------------------------|------------|
| **Monthly Period Ending:**          | 12/31/2002 |
| **Prev. Distribution/Close  Date:** | 12/06/2002 |
| **Distribution Date:**              | 01/06/2003 |
| **Days of Interest for  Period:**   | 31         |
| **Days in Collection Period:**      | 31         |
| **Months Seasoned:**                | 15         |

 

 
| **I.**   |     | **MONTHLY PERIOD NOTE  BALANCE CALCULATION:**                               |                                                                              | **Class A-1** | **Class A-2** | **Class A-3** | **Class A-4**   | **TOTAL**      |
|----------|----------|-----------------------------------------------------------------------------|-----------------------------------------------------------------------------------|---------------|---------------|---------------|-----------------|----------------|
|     | **{1}**  | Original Note Balance                                                       | **{1}**                                                                           | $230,000,000  | $395,000,000  | $525,000,000  | $450,000,000    | $1,600,000,000 |
|     |     |                                                                        |                                                                              |          |          |          |            |           |
|     | **{2}**  | Preliminary End of period Note Balance                                      | **{2}**                                                                           | $0            | $24,800,781   | $525,000,000  | $450,000,000    | $999,800,781   |
|     |     |                                                                        |                                                                              |          |          |          |            |           |
|     | **{3}**  | Deficiency Claim Amount                                                     | **{3}**                                                                           | 0             | 0             | 0             | 0               | 0              |
|     |     |                                                                        |                                                                              |          |          |          |            |           |
|     | **{4}**  | End of period Note Balance                                                  | **{4}**                                                                           | $0            | $24,800,781   | $525,000,000  | $450,000,000    | $999,800,781   |
|     |     |                                                                        |                                                                              |          |          |          |            |           |
|     | **{5}**  | Note Pool Factors {4} / {1}                                                 | **{5}**                                                                           | 0.0000000%    | 6.2786787%    | 100.0000000%  | 100.0000000%    | 62.4875488%    |
|     |     |                                                                        |                                                                              |          |          |          |            |           |
|     |     |                                                                        |                                                                              |          |          |          |            |           |
| **II.**  |     | **RECONCILIATION OF SPREAD  ACCOUNT:**                                      |                                                                              |          |          |          |            |           |
|     |     |                                                                        |                                                                              |          |          |          |            |           |
|     | **{6}**  | Preliminary End of period Spread Account  balance                           |                                                                              |          |          |          | **{6}**         | $32,541,735    |
|     |     |                                                                        |                                                                              |          |          |          |            |           |
|     | **{7}**  | Priority First — Deficiency Claim Amount  from preliminary certificate |                                                                              |          | **{7}**       | 321,777       |
|     |     |                                                                        |                                                                              |          |          |          |            |           |
|     | **{8}**  | End of period Spread Account balance                                        |                                                                              |          |          |          | **{8}**         | $32,219,958    |
|     |     |                                                                        |                                                                              |          |          |          |            |           |
| **III.** |     | **MONTHLY PERIOD AND  CUMULATIVE NUMBER OF RECEIVABLES CALCULATION:**       |                                                                              |          |          |          |            |
|     |     |                                                                        |                                                                              |          |          |          |            |           |
|     |     |                                                                        |                                                                              |          |          |          | **Cumulative**  | **Monthly**    |
|     | **{9}**  | Original Number of Receivables                                              |                                                                              |          |          | **{9}**       | 48,108          |           |
|     | **{10}** | Beginning of period number of Receivables                                   |                                                                              |          |          | **{10}**      | 0               | 78,617         |
|     | **{11}** | Number of Subsequent Receivables Purchased                                  |                                                                              |          |          | **{11}**      | 53,700          | 0              |
|     | **{12}** | Number of Receivables becoming Liquidated  Receivables during period        |                                                                              |          |          | **{12}**      | 9,365           | 1,080          |
|     | **{13}** | Number of Receivables becoming Purchased Receivables  during period         |                                                                              |          |          | **{13}**      | 0               | 0              |
|     | **{14}** | Number of Receivables paid off during  period                               |                                                                              |          |          | **{14}**      | 16,195          | 1,289          |
|     | **{15}** | End of period number of Receivables                                         |                                                                              |          |          | **{15}**      | 76,248          | 76,248         |
|     |     |                                                                        |                                                                              |          |          |          |            |           |
| **IV.**  |     | **STATISTICAL DATA: (CURRENT  AND HISTORICAL)**                             |                                                                              |          |          |          |            |           |
|     |     |                                                                        |                                                                              |          |          |          |            |           |
|     |     |                                                                        |                                                                              |          |          | **Original**  | **Prev. Month** | **Current**    |
|     | **{16}** | Weighted Average APR of the Receivables                                     |                                                                              |          | **{16}**      | 18.35%        | 17.92%          | 17.91%         |
|     | **{17}** | Weighted Average Remaining Term of the  Receivables                         |                                                                              |          | **{17}**      | 63.00         | 49.59           | 48.73          |
|     | **{18}** | Weighted Average Original Term of  Receivables                              |                                                                              |          | **{18}**      | 64.00         | 64.00           | 64.00          |
|     | **{19}** | Average Receivable Balance                                                  |                                                                              |          | **{19}**      | $15,716       | $14,145         | $14,086        |
|     | **{20}** | Aggregate Realized Losses                                                   |                                                                              |          | **{20}**      | $0            | $73,644,935     | $82,952,825    |
|     |     |                                                                        |                                                                              |          |          |          |            |           |
| **V.**   |     | **DELINQUENCY:**                                                            |                                                                              |          |          |          |            |           |
|     |     |                                                                        |                                                                              |          |          |          |            |           |
|     |     | Receivables with Scheduled Payment  delinquent                              |                                                                              |          |          | **Units**     | **Dollars**     | **Percentage** |
|     |     | **{21}**                                                                    | 31-60 days                                                                        |          | **{21}**      | 9,234         | $130,543,645    | 11.74%         |
|     |     | **{22}**                                                                    | 61-90 days                                                                        |          | **{22}**      | 2,574         | 36,272,784      | 3.26%          |
|     |     | **{23}**                                                                    | over 90 days                                                                      |          | **{23}**      | 1,179         | 16,791,778      | 1.51%          |
|     |     | **{24}**                                                                    | Receivables with Scheduled Payment  delinquent more than 30 days at end of period | **{24}**      | 12,987        | $183,608,207  | 16.51%          |
|          |          |                                                                             |                                                                                   |               |               |               |                 |                |  |  |  |

 

 

4

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| **VI.** | **PERFORMANCE TESTS:**       |                                                                                             |     |          |
|---------|------------------------------|--------------------------------------------------------------------------------------------------|----------|---------------|
|    | **Delinquency Ratio**        |                                                                                             |     |          |
|    | **{25}**                     | Receivables with Scheduled Payment  delinquent more than 60 days at end of period ({22} + {23})  | **{25}** | $53,064,562   |   |
|    | **{26}**                     | Purchased Receivables with Scheduled  Payment delinquent more than 60 days at end of period      | **{26}** |          |   |
|    | **{27}**                     | Beginning of period Principal Balance                                                            | **{27}** | 1,112,019,065 |   |
|    | **{28}**                     | Delinquency Ratio {25} + {26} divided by  {27}                                                   | **{28}** |          | 4.77% |
|    | **{29}**                     | Previous Monthly Period Delinquency Ratio                                                        | **{29}** |          | 4.47% |
|    | **{30}**                     | Second previous Monthly Period Delinquency  Ratio                                                | **{30}** |          | 4.16% |
|    |                         |                                                                                             |     |          |   |
|    | **{31}**                     | Average Delinquency Ratio ({28} + {29} +  {30}) / 3                                              | **{31}** |          | 4.47% |
|    |                         |                                                                                             |     |          |   |
|    | **{32}**                     | Compliance (Delinquency Test Failure is a  Delinquency Ratio equal to or greater than 6.00%.)    | **{32}** |          | yes |
|    |                         |                                                                                             |     |          |   |
|    |                         |                                                                                             |     |          |   |
|    | **Cumulative Default Rate**  |                                                                                             |     |          |
|    | **{33}**                     | Defaulted Receivables in Current Period                                                          | **{33}** | $16,355,569   |   |
|    | **{34}**                     | Cumulative Defaulted Receivables from last  month                                                | **{34}** | 149,317,767   |   |
|    | **{35}**                     | Cumulative Defaulted Receivables {33} +  {34}                                                    | **{35}** | 165,673,336   |   |
|    | **{36}**                     | Original Pool Balance                                                                            | **{36}** | 1,599,998,925 |   |
|    | **{37}**                     | Cumulative Default Rate {35} divided by  {36}                                                    | **{37}** |          | 10.35% |
|    |                         |                                                                                             |     |          |   |
|    | **{38}**                     | Compliance (Default Test Failure is a  Cumulative Default Rate equal to or greater than 13.60%.) | **{38}** |          | yes |
|    |                         |                                                                                             |     |          |   |
|    |                         |                                                                                             |     |          |   |
|    | **Cumulative Net Loss Rate** |                                                                                             |     |          |
|    | **{39}**                     | Receivables becoming Liquidated Receivables  during period                                       | **{39}** | $13,680,215   |   |
|    | **{40}**                     | Purchased Receivables with Scheduled  Payment delinquent more than 30 days at end of period      | **{40}** |          |   |
|    | **{41}**                     | Liquidation Proceeds collected during  period                                                    | **{41}** | (4,372,325)   |   |
|    | **{42}**                     | Net Losses during period {39} + {40} + {41}                                                      | **{42}** | 9,307,890     |   |
|    | **{43}**                     | Net Losses since Initial Cut-off Date  (Beginning of Period)                                     | **{43}** | 73,644,935    |   |
|    | **{44}**                     | **Cumulative Net Loss Rate  before 50% of 90 Day Delinquencies ({42} + {43}) / {46}**            | **{44}** |          | **5.18%** |
|    | **{45}**                     | 50% of Receivables with Scheduled Payment  delinquent more than 90 days at end of period         | **{45}** | 18,412,494    |   |
|    | **{46}**                     | Original Aggregate Principal Balance plus  Pre-Funded Amount as of the Closing Date              | **{46}** | 1,600,000,000 |   |
|    | **{47}**                     | Cumulative Net Loss Rate ({42} + {43} +  {45}) / {46}                                            | **{47}** |          | 6.34% |
|    |                         |                                                                                             |     |          |   |
|    | **{48}**                     | Compliance (Net Loss Test Failure is a Net  Loss Rate equal to or greater than 7.45%.)           | **{48}** |          | yes |
|    |                         |                                                                                             |     |          |   |
|    |                         |                                                                                             |     |          |   |
|    | **Extension Rate**           |                                                                                             |     |          |
|    | **{49}**                     | Principal Balance of Receivables extended  during current period                                 | **{49}** | $31,462,289   |   |
|    | **{50}**                     | Beginning of Period Aggregate Principal  Balance                                                 | **{50}** | 1,112,019,065 |   |
|    | **{51}**                     | Extension Rate {49} divided by {50}                                                              | **{51}** |          | 2.83% |
|    | **{52}**                     | Previous Monthly Extension Rate                                                                  | **{52}** |          | 2.42% |
|    | **{53}**                     | Second previous Monthly Extension Rate                                                           | **{53}** |          | 3.39% |
|    |                         |                                                                                             |     |          |   |
|    | **{54}**                     | Average Extension Rate ({51} +{52} +{53}) /  3                                                   | **{54}** |          | 2.88% |
|    |                         |                                                                                             |     |          |   |
|    | **{55}**                     | Compliance (Extension Test Failure is an  Extension Rate equal to or greater than 4%.)           | **{55}** |          | yes |

 
| By:    |   | /s/Connie Coffey                          |
|--------|--------|-------------------------------------------|
| Name:  |   | Connie Coffey                             |
| Title: |   | Senior Vice President, Treasury Reporting |
| Date:  |   | January 2, 2003                           |

 

 

5

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