**SECURITIES AND EXCHANGECOMMISSION**

**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,  2001.** |
|                                       |   |                                                                                            |
| OR                                         |
|                                       |   |                                                                                            |
| **o**                                      |   | **TRANSITION REPORT PURSUANT TO SECTION 13 OR  15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934.** |

 

 

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

 

# **AMERICREDIT AUTOMOBILE 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)

 

## SecuritiesRegistered Pursuant to Section 12 (b) of the Securities Exchange Act of 1934:                    None

 

## SecuritiesRegistered Pursuant to Section 12 (g) of the Securities Exchange Act of 1934:                    None

 

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

 

Yes  ý                         No o

 

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

 

 

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

 

As of January 13, 2002, there were 1,000 shares ofAmeriCredit Financial Services, Inc. Common Stock outstanding and 1,000 sharesof AFS 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.

 

 

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.

 

 

PART  II

 

ITEM 5.     MARKETFOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

 

The sole holder ofAmeriCredit Financial Services, Inc.’s equity shares is AmeriCredit Corp. andthe sole holder of AFS Funding Corp.’s equity shares is AmeriCredit FinancialServices, Inc.  There is currently nomarket for the equity shares of AmeriCredit Financial Services, Inc. or AFSFunding Corp. nor is it anticipated that such a market will develop.

 

ITEM 6.     SELECTEDFINANCIAL DATA

 

Not Applicable.

 

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

 

Not Applicable.

 

ITEM 8.     FINANCIALSTATEMENTS AND SUPPLEMENTAL DATA

 

Not Applicable.

 

ITEM 9.     CHANGEIN AND DISAGREEMENTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

 

None.

 

ITEM 10.   DIRECTORSAND OFFICERS OF THE REGISTRANT

 

Not Applicable.

 

ITEM 11.   EXECUTIVECOMPENSATION

 

Not Applicable.

 

ITEM 12.   SECURITYOWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

 

Not Applicable.

 

ITEM 13.   CERTAINRELATIONSHIPS AND RELATED TRANSACTIONS

 

Not Applicable.

 

 

 

 

PART  IV

 

ITEM 14.   EXHIBITS,FINANCIAL STATEMENT SCHEDULES AND REPORTS 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 16, 2002 |

 

 

 

 

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 16, 2002 |

 

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 16, 2002 |

 

 
|   |   | EXHIBIT INDEX                                                                                                                                                                                              |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                       |
| 99.1   |   | Servicer’s Report for monthly period ended October  31, 2001, incorporated by reference to the Form 8- filed with the Securities  and Exchange Commission (the “SEC”) on November 15, 2001. |
|   |   |                                                                                                                                                                                                       |
| 99.2   |   | Servicer’s Report for monthly period ended November  30, 2001, incorporated by reference to the Form 8-K filed with the SEC on  December 11, 2001.                                                    |
|   |   |                                                                                                                                                                                                       |
| 99.3   |   | Servicer’s Report for monthly period ended December  31, 2001, incorporated by reference to the Form 8-K filed with the SEC on  January 14, 2001.                                                     |