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, 2018



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: 333-207859-11

CIK
number of issuing entity: 0001747909



GM
FINANCIAL AUTOMOBILE LEASING TRUST 2018-3

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



Commission
File Number of depositor: 333-207859

CIK
number of depositor: 0001631055



GMF
LEASING LLC

(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                                                 |  | 83-6242545         
|-------------------------------------------------------- |  | -------------------
|(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 and posted
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 and post such files).



Yes ☒     No ☐



Indicate
by check mark if the disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is
not contained herein and will not be contained, to the best of the registrant’s knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ☒



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 AND 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
                                         AND FINANCIAL STATEMENT SCHEDULES
| | ---------------------------------- | -----------------------------------------------------------------------------------



(a)(1)
 Not Applicable



(a)(2)
 Not Applicable



(a)(3)
As reported under clause (b)



(b)





|Exhibit
    Number |  | Description                                                                                                                                                                                                                                                                                                                                               
|------------------ |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                   |  |                                                                                                                                                                                                                                                                                                                                                           
|Exhibit 4.1        |  | Indenture, dated as of July 31, 2018, between GM Financial Automobile Leasing Trust 2018-3 and Wells Fargo Bank, National Association, as Indenture Trustee (incorporated by reference from Exhibit 4.1 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2018-3 (File No. 333-207859-11) with the SEC on October 1, 2018).





|Exhibit 4.3  |  | Amended and Restated Trust Agreement, dated as of July 31, 2018, between GMF Leasing LLC, as Depositor, and Wilmington Trust Company, as Owner Trustee (incorporated by reference from Exhibit 4.3 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2018-3 (File No. 333-207859-11) with the SEC on October 1, 2018).                                                                                                                                                  
|------------ |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|             |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|Exhibit 4.5  |  | 2018-3 Exchange Note Supplement, dated as of July 31, 2018, among ACAR Leasing Ltd., as Borrower, AmeriCredit Financial Services, Inc., d/b/a GM Financial, as Lender and Servicer, and Wells Fargo Bank, National Association, as Administrative Agent and Collateral Agent (incorporated by reference from Exhibit 4.5 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2018-3 (File No. 333-207859-11) with the SEC on October 1, 2018).                            
|             |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|Exhibit 4.6  |  | Second Amended and Restated Credit and Security Agreement, dated as of January 24, 2018, among ACAR Leasing Ltd., as Borrower, AmeriCredit Financial Services, Inc., d/b/a GM Financial, as Lender and Servicer, and Wells Fargo Bank, National Association, as Administrative Agent and Collateral Agent (incorporated by reference from Exhibit 4.6 of the Annual Report on Form 10-K filed by GM Financial Automobile Leasing Trust 2017-3 (File No. 333-207859-08) with the SEC on March 27, 2018).
|             |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|Exhibit 10.1 |  | 2018-3 Exchange Note Sale Agreement, dated as of July 31, 2018, between AmeriCredit Financial Services, Inc., d/b/a GM Financial and GMF Leasing LLC, as Depositor (incorporated by reference from Exhibit 10.1 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2018-3 (File No. 333-207859-11) with the SEC on October 1, 2018).                                                                                                                                     
|             |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|Exhibit 10.2 |  | 2018-3 Exchange Note Transfer Agreement, dated as of July 31, 2018, between GMF Leasing LLC., as Transferor and GM Financial Automobile Leasing Trust 2018-3, as Transferee (incorporated by reference from Exhibit 10.2 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2018-3 (File No. 333-207859-11) with the SEC on October 1, 2018).                                                                                                                            
|             |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|Exhibit 10.4 |  | 2018-3 Servicing Supplement, dated as of July 31, 2018, among ACAR Leasing Ltd, as Titling Trust, AmeriCredit Financial Services, Inc., d/b/a GM Financial, as Servicer and Wells Fargo Bank, National Association, as Collateral Agent and Indenture Trustee, (incorporated by reference from Exhibit 10.4 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2018-3 (File No. 333-207859-11) with the SEC on October 1, 2018).                                         
|             |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|Exhibit 10.5 |  | Asset Representations Review Agreement, dated as of July 31, 2018, among GM Financial Automobile Leasing Trust 2018-3, AmeriCredit Financial Services, Inc., d/b/a GM Financial and Clayton Fixed Income Services LLC, as Asset Representation Reviewer (incorporated by reference from Exhibit 10.5 of the Current Report on Form 8-K filed by GM Financial Automobile Leasing Trust 2018-3 (File No. 333-207859-11) with the SEC on October 1, 2018).                                                















|Exhibit 10.6 | Third Amended and Restated Servicing Agreement, dated as of January 24, 2018, among ACAR Leasing Ltd., as Titling Trust, AmeriCredit Financial Services, Inc., d/b/a GM Financial, as Servicer, APGO Trust, as Settlor, and Wells Fargo Bank, National Association, as Collateral Agent (incorporated by reference from Exhibit 10.6 of the Annual Report on Form 10-K filed by GM Financial Automobile Leasing Trust 2017-3 (File No. 333-207859-08) with the SEC on March 27, 2018).
|------------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|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, 2018.                                                                                                                                                                                                                                                                     
|             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|Exhibit 33.2 | Assessment of Compliance with Applicable Servicing Criteria (Wells Fargo Bank, National Association).                                                                                                                                                                                                                                                                                                                                                                                 
|             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|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)



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 DERIVATIVES 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 INFORMATION (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 no prediction
can be confidently given on 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.



Since
June 18, 2014, a group of institutional investors have filed civil complaints in the Supreme Court of the State of New York, New
York County, and later the U.S. District Court for the Southern District of New York against Wells Fargo Bank, N.A., (“Wells
Fargo Bank”) in its capacity as trustee for certain residential mortgage backed securities (“RMBS”) trusts.
The complaints against Wells Fargo Bank alleged that the trustee caused losses to investors and asserted causes of action based
upon, among other things, the trustee’s alleged failure to: (i) notify and enforce repurchase obligations of mortgage loan
sellers for purported breaches of representations and warranties, (ii) notify investors of alleged events of default, and (iii)
abide by appropriate standards of care following alleged events of default. Relief sought included money damages in an unspecified
amount, reimbursement of expenses, and equitable relief. Wells Fargo Bank has reached an agreement, in which it denies any wrongdoing,
to resolve these claims on a classwide basis for the 271 RMBS trusts currently at issue. The settlement agreement is subject to
court approval. Separate lawsuits against Wells Fargo Bank making similar allegations filed by certain other institutional investors
concerning 57 RMBS trusts in New York federal and state court are not covered by the agreement. With respect to the foregoing
litigations, Wells Fargo Bank believes plaintiffs’ claims are without merit and intends to contest the claims vigorously,
but there can be no assurances as to the outcome of the litigations or the possible impact of the litigations on Wells Fargo Bank
or the RMBS trusts.



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, 2018.
|------------ |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|             |  |                                                                                                                                                                                                                          
|Exhibit 33.2 |  | Assessment of Compliance with Applicable Servicing
    Criteria (Wells Fargo Bank National Association).                                                                                                                 
|             |  |                                                                                                                                                                                                                          
|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, GMF Leasing LLC has duly caused this report
to be signed on its behalf by the undersigned, thereunto duly authorized.





| | By: | GMF LEASING LLC,                                                | 
| | --- | --------------------------------------------------------------- | 
| |     | as Depositor                                                    | 
| |     |                                                                 | 
| | By: | /s/ Susan
    B. Sheffield                                      | 
| |     | Name: Susan B. Sheffield                                        | 
| |     | Title: Executive Vice President and Chief Financial
    Officer | 
| |     | Dated: March 8, 2019                                            | 



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.