Document:

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                                                                   EXHIBIT 10.16

                                                                  EXECUTION COPY

                     AMENDMENT NO. 1 TO AMENDED AND RESTATED
                          SALE AND SERVICING AGREEMENT

                                       and

               SUPPLEMENT NO. 3 TO AMENDED AND RESTATED INDENTURE

                                       and

          AMENDMENT NO. 2 TO ANNEX A TO AMENDED AND RESTATED INDENTURE

                                       and

                AMENDED AND RESTATED SALE AND SERVICING AGREEMENT

                                       and

                     AMENDMENT NO. 1 TO AMENDED AND RESTATED
                               CUSTODIAN AGREEMENT

        This AMENDMENT NO. 1 TO AMENDED AND RESTATED SALE AND SERVICING
AGREEMENT, SUPPLEMENT NO. 3 TO AMENDED AND RESTATED INDENTURE, AMENDMENT NO. 2
TO ANNEX A TO AMENDED AND RESTATED INDENTURE AND AMENDED AND RESTATED SALE AND
SERVICING AGREEMENT and AMENDMENT NO. 1 TO AMENDED AND RESTATED CUSTODIAN
AGREEMENT, dated as of March 5, 2003 (this "Amendment and Supplement"), is
entered into among AMERICREDIT MASTER TRUST (the "Issuer"), AMERICREDIT FUNDING
CORP. VII ("AFC"), AMERICREDIT FINANCIAL SERVICES, INC. ("AmeriCredit"), BANK
ONE, NA ("Bank One"), DEUTSCHE BANK TRUST COMPANY AMERICAS, formerly known as
Bankers Trust Company (the "Administrative Agent"), each of the CLASS A-1, CLASS
A-2, CLASS B, CLASS C and CLASS S PURCHASERS parties hereto (the "Purchasers"),
DEUTSCHE BANK AG, NEW YORK BRANCH, as Agent, and each of the other Agents
parties hereto.

                                    RECITALS

        1.      The Issuer, AFC, in its capacity as a Seller, AmeriCredit, in
its capacity as a Seller and Servicer, and Bank One, in its capacity as a Backup
Servicer and Trust Collateral Agent, are parties to that certain Amended and
Restated Sale and Servicing Agreement dated as of February 22, 2002 (as
previously amended and as amended, supplemented or otherwise modified from time
to time, the "Sale and Servicing Agreement").

        2.      The Issuer, Bank One, in its capacity as Trustee and Trust
Collateral Agent, and the Administrative Agent are parties to that certain
Amended and Restated Indenture dated as of February 22, 2002 (as previously
supplemented and as amended, supplemented or otherwise modified from time to
time, the "Indenture").

        3.      Annex A to the Sale and Servicing Agreement and the Indenture
(as previously amended and as amended, supplemented or otherwise modified from
time to time, "Annex A")

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defines certain capitalized terms that are used in the Sale and Servicing
Agreement and the Indenture.

        4.      AmeriCredit, in its capacity as Custodian, the Administrative
Agent and Bank One, in its capacity as Trust Collateral Agent, are parties to
that certain Amended and Restated Custodian Agreement dated as of February 22,
2002 (as amended, supplemented or otherwise modified from time to time, the
"Custodian Agreement").

        5.      The Issuer, AFC, in its capacity as a Seller, AmeriCredit, in
its capacity as a Seller and Servicer, the Administrative Agent, certain of the
Purchasers and certain of the Agents are parties to those certain Amended and
Restated Class A-1, Class A-2, Class S, Class B and Class C Note Purchase
Agreements, each dated as of February 22, 2002 (as previously amended and as
amended, supplemented or otherwise modified from time to time, the "Class A-1
Note Purchase Agreement", "Class A-2 Note Purchase Agreement", "Class S Note
Purchase Agreement", "Class B Note Purchase Agreement" and "Class C Note
Purchase Agreement", respectively, and together, the "Note Purchase
Agreements").

        6.      The parties hereto desire to amend and supplement the Indenture,
the Sale and Servicing Agreement, and Annex A as hereinafter set forth.

        NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:

        1.      Certain Defined Terms. Capitalized terms that are used herein
without definition and that are defined in Annex A shall have the same meanings
herein as therein.

        2.      Amendments to Sale and Servicing Agreement. The Sale and
Servicing Agreement is hereby amended and supplemented as follows:

                2.1     Section 4.14 of the Sale and Servicing Agreement is
        amended by deleting the following such Section 4.14 in its entirety:

                "SECTION 4.14. Retention and Termination of Servicer. The
        Servicer hereby covenants and agrees to act as such under this Agreement
        for an initial term, commencing on the Closing Date and ending on March
        31, 2002, which term shall be subject to automatic extension for
        successive quarterly terms ending on each successive March 31, June 30,
        September 30 and December 31, until the Notes and the Certificates are
        paid in full, unless the Administrative Agent gives written notice at
        least 15 Business Days prior to the end of the related calendar quarter
        that such term will not be extended. Each such notice (a "Servicer
        Non-Extension Notice") shall be delivered by the Administrative Agent to
        the Trust Collateral Agent and the Servicer. The Servicer hereby agrees
        that, as of the date hereof and until its receipt of any such Servicer
        Non-Extension Notice, the Servicer shall become bound, for the initial
        term beginning on the Closing Date and until the delivery of a Servicer
        Non-Extension Notice, to continue as the Servicer subject to and in
        accordance with the other provisions of this Agreement. At any time, the
        Class A Majority, the Class S Majority, the Class B Majority and the
        Class C Majority, acting together, may vote to rescind a Servicer
        Non-Extension Notice delivered by the Administrative Agent no later than
        5 Business Days prior to the effective date of such

                                        2

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        notice; and, at any time, the Class A Majority, the Class S Majority,
        the Class B Majority and the Class C Majority, acting together, may vote
        to instruct the Administrative Agent to deliver a Servicer Non-Extension
        Notice."

                and substituting, in lieu thereof, the following:

                "SECTION 4.14. Retention and Termination of Servicer. The
        Servicer hereby covenants and agrees to act as such under this Agreement
        for an initial term, commencing on the Closing Date and ending on March
        31, 2002, which term shall be subject to extension for successive
        quarterly terms ending on each successive March 31, June 30, September
        30 and December 31, until the Notes and the Certificates are paid in
        full, if the Administrative Agent gives written notice of each such
        extension (a "Servicer Extension Notice") to the Trust Collateral Agent
        and the Servicer. At any time that a Servicer Termination Event has
        occurred and is continuing, the Class A Majority, the Class B Majority
        and the Class C Majority, acting together, may vote to instruct the
        Administrative Agent not to deliver a Servicer Extension Notice with
        respect to the next succeeding calendar quarter. If, prior to such date,
        the Class A Majority, the Class B Majority and the Class C Majority,
        acting together, have not so instructed the Administrative Agent not to
        deliver a Servicer Extension Notice with respect to the next calendar
        quarter, the Administrative Agent shall, on a date no earlier than the
        15th Business Day preceding the end of the related calendar quarter and
        no later than the 10th Business Day preceding the end of such calendar
        quarter, deliver a Servicer Extension Notice to the Trust Collateral
        Agent and the Servicer with respect to such calendar quarter. The
        Administrative Agent may give standing written, revocable instructions
        to the Servicer and the Trust Collateral Agent, with a copy in writing
        to each Noteholder, for any specified number of quarterly terms greater
        than 1. If the Class A Majority, the Class B Majority and the Class C
        Majority, acting together, instruct the Administrative Agent in writing
        to revoke any standing instructions, the Administrative Agent shall do
        so. The Servicer hereby agrees that, as of the date hereof and upon its
        receipt of any such Servicer Extension Notice (including each notice
        pursuant to standing instructions, which shall be deemed delivered at
        the end of successive quarterly terms for so long as such instructions
        are in effect and have not been revoked), the Servicer shall become
        bound, for the initial term beginning on the Closing Date and for the
        duration of the term covered by such notice, to continue as the Servicer
        subject to and in accordance with the other provisions of this
        Agreement. The Administrative Agent will notify the Backup Servicer no
        later than the 10th Business Day preceding the end of a calendar quarter
        if a Servicer Extension Notice is not being delivered to the Trust
        Collateral Agent and the Servicer with respect to the succeeding
        calendar quarter."

                2.2     The Sale and Servicing Agreement is amended by adding
        the following as Section 4.16:

                "SECTION 4.16 MWF Warm Backup Servicer. The Servicer agrees that
        within 90 days following the effective date of Amendment No. 1 to
        Amended and Restated Sale and Servicing Agreement, Supplement No. 3 to
        Amended and Restated Indenture, Amendment No. 2 to Annex A to Amended
        and Restated Indenture and Amended and Restated Sale and Servicing
        Agreement and Amendment No. 1 to Amended and Restated

                                        3

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        Custodian Agreement, it will have engaged Systems & Services
        Technologies, Inc., Wells Fargo Financial, Nuvell Financial Services
        Corp., Electronic Data Systems or World Omni Financial as a warm back-up
        servicer. The servicing agreement to be entered into with such warm
        back-up servicer, will provide, among other things, that such warm
        back-up servicer will (x) at least monthly, certify receipt and download
        of loan level computer data file (including transactions and collection
        notes) from AmeriCredit, (y) reconcile receivable balances from the data
        file and (z) perform certain calculation verifications with respect to
        the monthly Servicer's Certificate."

                2.3     Clause (h) of the definition of Servicer Termination
        Event in Section 8.1 of the Sale and Servicing Agreement is amended by
        deleting the following in its entirety:

                "(h)    The Administrative Agent shall have delivered a Servicer
        Non-Extension Notice pursuant to Section 4.14; or"

        and substituting, in lieu thereof, the following:

                "(h)    The Administrative Agent shall have not delivered a
        Servicer Extension Notice pursuant to Section 4.14; or"

                2.4     The first sentence of Section 8.2 of the Sale and
        Servicing Agreement is amended by deleting the following words:

                "or by non-extension of the term of the Servicer as referred to
        in Section 4.14"

        and substituting, in lieu thereof, the following:

                "or by expiration of the term of the Servicer in accordance with
        Section 4.14"

                2.5     The first sentence of Section 8.3(a) of the Sale and
        Servicing Agreement is amended by deleting the following words:

                "upon non-extension of the servicing term as referred to in
        Section 4.14,"

        and substituting, in lieu thereof, the following:

                "upon expiration of the servicing term in accordance with
        Section 4.14,"

                2.6     The third sentence of Section 8.3(b) of the Sale and
        Servicing Agreement is amended by deleting the following words:

                "or the non-extension of the servicing term of the Servicer, as
        referred to in Section 4.14,"

        and substituting, in lieu thereof, the following:

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                "or the expiration of the servicing term of the Servicer in
        accordance with Section 4.14."

                2.7     Section 8.4 of the Sale and Servicing Agreement is
        amended by deleting the following words:

                "Upon any termination of, or appointment of a successor to, the
        Servicer, the Trust Collateral Agent shall give prompt written notice
        thereof to each Noteholder and to the Rating Agencies."

        and substituting, in lieu thereof, the following:

                "Upon any termination of, expiration of the term of or
        appointment of a successor to, the Servicer, the Trust Collateral Agent
        shall give prompt written notice thereof to each Noteholder and to the
        Rating Agencies."

        3.      Amendments to Indenture. The Indenture is hereby amended and
supplemented as follows:

                3.1     Section 3.13 of the Indenture is amended by adding the
        following at the end thereof:

                provided that if a Borrowing Base Deficiency arises as a result
        of a change in the Class A Credit Score Enhancement Rate, the Class B
        Credit Score Enhancement Rate and/or the Class C Credit Score
        Enhancement Rate, including, without limitation, as a result of an
        election of Option A or Option B as set forth on Schedule 2 hereto, then
        the Issuer may use the proceeds of a Borrowing under one Class of Notes
        to repay some or all of the outstanding principal amount of another
        Class or Classes of Notes (including the payment of any Limited
        Amortization Amount with respect to such Class or Classes) so long as,
        after giving effect to such repayment, no Borrowing Base Deficiency
        exists.

                3.2     The definition of Event of Default in Section 5.1 of the
        Indenture is amended by deleting the following clause (xix) of such
        Section 5.1 in its entirety:

                "(xix)  The Tangible Net Worth of AmeriCredit Corp. shall be
        less than the sum of (a) $1,000,000,000 and (b) 75% of the cumulative
        positive net income (without deduction for negative net income) of
        AmeriCredit Corp. for each fiscal quarter having been completed since
        March 31, 2002, as reported in each annual report on Form 10-K and
        periodic report on Form 10-Q filed by AmeriCredit Corp. with the
        Securities and Exchange Commission;"

        and substituting, in lieu thereof, the following:

                "(xix)  The Tangible Net Worth of AmeriCredit Corp. shall be
        less than the sum of (a) $1,800,000,000 and (b) 75% of the cumulative
        positive net income (without deduction for negative net income) of
        AmeriCredit Corp. for each fiscal quarter having been completed since
        September 30, 2002, as reported in each annual report on Form 10-K

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        and periodic report on Form 10-Q filed by AmeriCredit Corp. with the
        Securities and Exchange Commission;"

                3.3     The definition of Event of Default in Section 5.1 of the
        Indenture is amended by deleting the following clause (xxiii) of such
        Section 5.1 in its entirety:

                "(xxiii) the average ratio of Adjusted EBITDA of AmeriCredit
        Corp. for the two most recently ended fiscal quarters of AmeriCredit
        Corp. to the Interest Expense of AmeriCredit Corp. for such two quarters
        shall be less than 1.2 to 1."

        and substituting, in lieu thereof, the following:

                "(xxiii) The ratio of AmeriCredit Corp.'s EBITDA (plus any
        charge related to restructuring plus any loss provision minus net
        charge-offs) for the financial quarter ended March 31, 2003 to its
        Interest Expense for the financial quarter ended March 31, 2003 shall be
        less than 1.8x. The average of the ratios of AmeriCredit Corp.'s EBITDA
        to Interest Expense for the two most recent financial quarters ended
        June 30, 2003 shall be less than 1.0x. The average of the ratios of
        AmeriCredit Corp.'s EBITDA to Interest Expense for the two most recent
        financial quarters ended September 30 2003 or December 31, 2003 shall be
        less than 1.1x. The average of the ratios of AmeriCredit Corp.'s EBITDA
        to Interest Expense for the two most recent financial quarters ended
        March 31, 2004 and any two consecutive financial quarters thereafter
        shall be less than 1.2x.

                3.4     Section 12.6(b) of the Indenture is amended by deleting
        the following second paragraph of such Section 12.6(b) in its entirety:

                "The amount of each outstanding Swingline Borrowing shall reduce
        the Commitments with respect to the Class A Notes, the Class B Notes and
        the Class C Notes pro rata based on the Class A Borrowing Percentage,
        the Class B Borrowing Percentage and the Class C Borrowing Percentage,
        respectively."

        and substituting, in lieu thereof, the following:

                "The amount of each outstanding Swingline Borrowing shall reduce
        the Commitments with respect to: (i) the Class A Notes by an amount
        equal to (a) the product of the Class A Borrowing Percentage multiplied
        by the sum of the Outstanding Amount of the Class A Notes, Class B
        Notes, Class C Notes and Class S Notes, minus (b) the Outstanding Amount
        of the Class A Notes; (ii) the Class B Notes by an amount equal to (a)
        the product of the Class B Borrowing Percentage multiplied by the sum of
        the Outstanding Amount of the Class A Notes, Class B Notes, Class C
        Notes and Class S Notes, minus (b) the Outstanding Amount of the Class B
        Notes; and (iii) the Class C Notes by an amount equal to (a) the product
        of the Class C Borrowing Percentage multiplied by the sum of the
        Outstanding Amount of the Class A Notes, Class B Notes, Class C Notes
        and Class S Notes, minus (b) the Outstanding Amount of the Class C
        Notes."

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                3.5     Section 12.6(b) of the Indenture is amended by deleting
        the following last sentence of the fifth paragraph of such Section
        12.6(b) in its entirety:

                "Following receipt by such Agents, the Class A Noteholders,
        Class B Noteholders and Class C Noteholders shall fund, in accordance
        with the terms of the related Note Purchase Agreement, a Borrowing (or
        purchase a portion of the principal amount of such Swingline Borrowing
        and all interest accrued thereon) on the applicable Swingline Purchase
        Date in the following respective amounts: (a) the lesser of (i) the
        excess of the Class A Borrowing Base on such date over the Class A
        Principal Balance on such date and (ii) the amount of such Swingline
        Borrowing, (b) the lesser of (i) the excess of the Class B Borrowing
        Base on such date over the Class B Principal Balance on such date and
        (ii) the amount of such Swingline Borrowing minus the amount determined
        pursuant to clause (a), and (c) the lesser of (i) the excess of the
        Class C Borrowing Base on such date over the Class C Principal Balance
        on such date and (ii) the amount of such Swingline Borrowing minus the
        sum of the amounts determined pursuant to clauses (a) and (b), provided,
        that if the amount of such Swingline Borrowing exceeds the sum of the
        amounts determined pursuant to clauses (a), (b) and (c), the Class A
        Noteholders, Class B Noteholders and Class C Noteholders shall fund (or
        purchase) such excess pro rata based on the Class A Swingline
        Percentage, the Class B Swingline Percentage and the Class C Swingline
        Percentage."

        and substituting, in lieu thereof, the following:

                "Following receipt by such Agents, the Class A Noteholders,
        Class B Noteholders and Class C Noteholders shall fund, in accordance
        with the terms of the related Note Purchase Agreement, a Borrowing (or
        purchase a portion of the principal amount of such Swingline Borrowing
        and all interest accrued thereon) on the applicable Swingline Purchase
        Date in the following respective amounts: (a) the lesser of (i) the
        Class A Swingline Allocation on such date and (ii) the amount of such
        Swingline Borrowing, (b) the lesser of (i) the Class B Swingline
        Allocation on such date and (ii) the amount of such Swingline Borrowing
        minus the amount determined pursuant to clause (a), and (c) the lesser
        of (i) the Class C Swingline Allocation on such date and (ii) the amount
        of such Swingline Borrowing minus the sum of the amounts determined
        pursuant to clauses (a) and (b), provided, that if the amount of such
        Swingline Borrowing exceeds the sum of the amounts determined pursuant
        to clauses (a), (b) and (c), the Class A Noteholders, Class B
        Noteholders and Class C Noteholders shall fund (or purchase) such excess
        pro rata based on the Class A Swingline Allocation on the Swingline
        Borrowing Date, the Class B Swingline Allocation on the Swingline
        Borrowing Date and the amount of the Swingline Borrowing minus the Class
        A Swingline Allocation and the Class B Swingline Allocation on the
        Swingline Borrowing Date, respectively."

                3.6     The Indenture is hereby amended by deleting Schedule 2
        thereto in its entirety and substituting, in lieu thereof, Schedule 2 to
        this Supplement.

        4.      Amendments to Annex A. Annex A is hereby amended and
supplemented as follows:

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                4.1     The definitions of Adjusted EBITDA and Service
        Non-Extension Notice are amended by deleting such definitions in their
        entireties.

                4.2     The definitions of "Class A Borrowing Base", and
        "Class B Borrowing Base" are amended by deleting such definitions in
        their entireties and substituting, in lieu thereof, respectively, the
        definitions set forth below:

                "Class A Borrowing Base" means, on any day, the excess, if any,
                of (a) the sum of (i) the Aggregate Principal Balance of all
                Eligible Receivables on such day minus (ii) the Excluded
                Receivables Balance on such day plus (iii) the amount on deposit
                in the Collateral Account on such day plus (iv) (without
                duplication) the amount of principal collections on deposit in
                the Collection Account on such day over (b) the sum of (i) the
                Class A Required Note Enhancement and (ii) the Class A Swingline
                Allocation.

                "Class B Borrowing Base" means, on any day, the excess, if any,
                of (a) the sum of (i) the Aggregate Principal Balance of all
                Eligible Receivables on such day minus (ii) the Excluded
                Receivables Balance on such day plus (iii) the amount on deposit
                in the Collateral Account on such day plus (iv) (without
                duplication) the amount of principal collections on deposit in
                the Collection Account on such day over (b) the sum of (i) the
                Class B Required Note Enhancement, (ii) the Class A Principal
                Balance, (iii) the Class A Swingline Allocation and (iv) the
                Class B Swingline Allocation.

                "Class C Borrowing Base" means, on any day, the excess, if any,
                of (a) the sum of (i) the Aggregate Principal Balance of all
                Eligible Receivables on such day minus (ii) the Excluded
                Receivables Balance on such day plus (iii) the amount on deposit
                in the Collateral Account on such day plus (iv) (without
                duplication) the amount of principal collections on deposit in
                the Collection Account on such day over (b) the sum of (i) the
                Class C Required Note Enhancement, (ii) the Class A Principal
                Balance, (iii) the Class B Principal Balance, (iv) the Class A
                Swingline Allocation, (v) the Class B Swingline Allocation and
                (vi) the Class C Swingline Allocation.

                4.3     The following definitions are added in the appropriate
        alphabetical order:

                "Class A Swingline Allocation" means, on any day, the lesser of
                the (a) the Class S Principal Balance and (b) the amount which
                would, if added to the Class A Principal Balance, cause the
                Class A Principal Balance to equal the Class A Borrowing Base
                calculated without giving effect to clause (b)(ii) of the
                definition thereof.

                "Class B Swingline Allocation" means, on any day, the lesser of
                the (a) the Class S Principal Balance and (b) the amount which
                would, if added to the Class B Principal Balance, cause the
                Class B Principal Balance to equal the Class B Borrowing Base
                calculated without giving effect to clause (b)(iv) of the
                definition thereof.

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                "Class C Swingline Allocation" means, on any day, the lesser of
                the (a) the Class S Principal Balance and (b) the amount which
                would, if added to the Class C Principal Balance, cause the
                Class C Principal Balance to equal the Class C Borrowing Base
                calculated without giving effect to clause (b)(vi) of the
                definition thereof.

                "EBITDA" means, with respect to AmeriCredit Corp., GAAP earnings
                before interest, taxes, depreciation, and amortization.

                "Servicer Extension Notice" has the meaning specified in Section
                4.14 of the Sale and Servicing Agreement.

        5.      Amendments to Custodian Agreement. The Custodian Agreement is
hereby amended and supplemented as follows:

                5.1     Section 2.8 of the Custodian Agreement amended by
        deleting the following parenthetical in the second sentence in its
        entirety:

                "(which thirty (30) day period may be shorter as set forth in
        the notice of termination in the case of a Servicer Termination Event)"

        and substituting, in lieu thereof, the following:

                (which thirty (30) day period may be shorter as set forth in the
        notice of termination in the case of a Servicer Termination Event,
        provided, that if a Servicer Extension Notice shall not have been
        delivered pursuant to Section 4.14 of the Sale and Servicing Agreement,
        this Agreement shall terminate upon the termination of the term of
        AmeriCredit as Servicer under the Sale and Servicing Agreement).

        6.      Effect of Amendment and Supplement. Except as expressly amended
and modified by this Amendment and Supplement, all provisions of the Sale and
Servicing Agreement, the Indenture, Annex A and the Custodian Agreement shall
remain in full force and effect. After this Amendment and Supplement becomes
effective, all references in the Sale and Servicing Agreement, the Indenture,
Annex A or the Custodian Agreement to "this Sale and Servicing Agreement", "this
Indenture", "this Annex A", "this Custodian Agreement", "hereof", "herein" or
words of similar effect referring to the Sale and Servicing Agreement, the
Indenture, Annex A or the Custodian Agreement shall be deemed to be references
to the Sale and Servicing Agreement, the Indenture, Annex A or the Custodian
Agreement, respectively, as amended by this Amendment and Supplement. This
Amendment and Supplement shall not be deemed to expressly or impliedly waive,
amend or supplement any provision of the Sale and Servicing Agreement, the
Indenture, Annex A or the Custodian Agreement other than as expressly set forth
herein.

        7.      Amendment Fee. The Issuer agrees to pay to the Agent for each
Purchaser Group executing this Amendment and Supplement an amendment fee of
$25,000.

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        8.      Effectiveness. This Amendment and Supplement shall become
effective as of the date hereof upon receipt by the Trustee of counterparts of
this Amendment and Supplement (whether by facsimile or otherwise) executed by
each of the other parties hereto and by Noteholders representing the Class A
Majority, the Class B Majority and the Class C Majority, receipt by the Trustee
of an opinion of counsel satisfying the requirements of Section 11.1 of the Sale
and Servicing Agreement and Section 9.3 of the Indenture, receipt by the Agent
for each Purchaser Group executing this Amendment and Supplement of the fee set
forth in Section 7 and satisfaction of the Rating Agency Condition.

        9.      Counterparts. This Amendment and Supplement may be executed in
any number of counterparts and by different parties on separate counterparts,
and each counterpart shall be deemed to be an original, and all such
counterparts shall together constitute but one and the same instrument.

        10.     Governing Law. This Amendment and Supplement shall be governed
by, and construed in accordance with, the internal laws of the State of New York
without regard to any otherwise applicable principles of conflicts of law.

        11.     Section Headings. The various headings of this Amendment and
Supplement are inserted for convenience only and shall not affect the meaning or
interpretation of this Amendment and Supplement, the Sale and Servicing
Agreement, the Indenture, Annex A or the Custodian Agreement or any provision
hereof or thereof.

        12.     Representations and Warranties. Each of the Issuer, AFC and
AmeriCredit, as applicable, represent and warrant that (i) all of their
respective representations and warranties set forth in the Sale and Servicing
Agreement, the Indenture, the Custodian Agreement and the Note Purchase
Agreements are true and accurate in all material respects as though made on and
as of the date hereof (except representations and warranties which relate to a
specific date, which were true and correct as of such date) and (ii) no Servicer
Termination Event or Event of Default under either the Sale and Servicing
Agreement or the Indenture, and no Termination Event under any Note Purchase
Agreement, has occurred and is continuing.

                  [remainder of page intentionally left blank]

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        IN WITNESS WHEREOF, the parties have executed this Amendment and
Supplement as of the date first written above.

                                        AMERICREDIT MASTER TRUST, as Issuer

                                        By: DEUTSCHE BANK TRUST COMPANY
                                        DELAWARE, not in its individual capacity
                                        but solely as Owner Trustees on behalf
                                        of the Trust

                                                                ATTORNEY-IN-FACT

                                        By:    /s/ Louis Bodi
                                              ---------------------------------
                                        Name:  LOUIS BODI
                                              ---------------------------------
                                        Title: VICE PRESIDENT
                                              ---------------------------------

                                        AMERICREDIT FUNDING CORP. VII, as Seller

                                        By.    /s/ J.Michael May
                                              ---------------------------------
                                        Name:  J.Michael May
                                              ---------------------------------
                                        Title: Senior Vice President -
                                               Associate Counsel
                                              ---------------------------------

                                        AMERICREDIT FINANCIAL SERVICES, INC.,
                                        as Seller, Servicer and Custodian

                                        By:    /s/ Katharyn Harlow
                                              ---------------------------------
                                        Name:  KATHARYN HARLOW
                                              ---------------------------------
                                        Title: VP Finance
                                              ---------------------------------

                                        BANK ONE, N.A., as Backup Servicer,
                                        Trust Collateral Agent, and Trustee

                                        By:    /s/ John J. Rothrock
                                              ---------------------------------
                                        Name:  John J. Rothrock
                                              ---------------------------------
                                        Title: Authorized Signer
                                              ---------------------------------

                                        DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                        formerly known as Bankers Trust Company,
                                        as Administrative Agent

                                        By:    /s/ Chris DiBiase
                                              ---------------------------------
                                        Name:  Chris DiBiase
                                              ---------------------------------
                                        Title: VP
                                              ---------------------------------

                                        By:    /s/ David May
                                              ---------------------------------
                                        Name:  David May
                                              ---------------------------------
                                        Title: Authorized Signatory
                                              ---------------------------------

<PAGE>

PURCHASER SIGNATURE PAGE:

FAIRWAY PURCHASER GROUP,
as Class A-2 Committed Purchaser
BMO NESBIT BURNS CORP., as Agent

By: /s/ David J.Kucera
   ------------------------------------
   Name:  DAVID J. KUCERA
   Title: MANAGING DIRECTOR

By: /s/ Jeffrey J.Phillips
   ------------------------------------
   Name:  Jeffrey J.Phillips
   Title: Executive Managing Director

AGREED AND CONSENTED TO:

FAIRWAY FINANCE CORPORATION,
  as Class A Owner,

By: /s/ Jill A. Gordon
   ------------------------------------
   Name:  Jill A. Gordon
   Title: Vice President

<PAGE>

PURCHASER SIGNATURE PAGE:

BANK ONE, N.A.,
   as Class A-1 Committed Purchaser,
   Class A-2 Committed Purchaser, Class B
   Committed Purchaser, Class C
   Committed Purchaser and Agent

By: /s/ Beth Provanzana
   ------------------------------------
   Name:  Beth Provanzana
   Title: Director, Capital Markets

AGREED AND CONSENTED TO:

JUPITER SECURITIZATION CORPORATION,
  as Class A Owner, Class B Owner and Class C Owner

By: /s/ Beth Provanzana
   ------------------------------------
   Name:  Beth Provanzana
   Title: Authorized Signer

<PAGE>

PURCHASER SIGNATURE PAGE:

SHEFFIELD RECEIVABLES CORPORATION,
as Class A-1 Committed Purchaser, Class A-
2 Committed Purchaser, Class A Owner,
Class B Committed Purchaser and Owner,
Class C Committed Purchaser and Owner

By: Barclays Bank Plc, as Agent and
attorney-in-fact

By: /s/ Andrew Shuster
   ------------------------------------
   Name:  Andrew Shuster
   Title: Director

<PAGE>

PURCHASER SIGNATURE PAGE:

LA FAYETTE PURCHASER GROUP,
CREDIT LYONNAIS NEW YORK
BRANCH,
as Class A-1 Committed Purchaser and
Agent

By: /s/ Richard T. McBride
   ------------------------------------
   Name:  Richard T. McBride
   Title: Director

[AGREED AND CONSENTED TO:]

LA FAYETTE ASSET SECURITIZATION LLC,
   as Class A Owner

By: /s/ Richard T. McBride
   ------------------------------------
   Name:  Richard T. McBride
   Title: Director

<PAGE>

PURCHASER SIGNATURE PAGE:

LA FAYETTE PURCHASER GROUP,
CREDIT LYONNAIS NEW YORK
BRANCH,
as Class B Committed Purchaser and Agent

By: /s/ Richard T. McBride
   ------------------------------------
   Name:  Richard T. McBride
   Title: Director

[AGREED AND CONSENTED TO:]

LA FAYETTE ASSET SECURITIZATION LLC,
   as Class B Owner

By: /s/ Richard T. McBride
   ------------------------------------
   Name:  Richard T. McBride
   Title: Director

<PAGE>

PURCHASER SIGNATURE PAGE:

CREDIT SUISSE FIRST BOSTON,
NEW YORK BRANCH,
as Class A-2 Committed Purchaser,
Class B Committed Purchaser,
Class C Committed Purchaser and Agent

By: /s/ Mark Lengel
   ------------------------------------
   Name:  MARK LENGEL
   Title: DIRECTOR

By: /s/ Joseph Soave
   ------------------------------------
   Name:  Joseph Soave
   Title: Vice President

ALPINE SECURITIZATION CORP.,
  as Class A Owner, Class B Owner and Class C Owner

By: Credit Suisse First Boston, New York Branch,
    as Attorney-in-Fact

By: /s/ Mark Golombeck
   ------------------------------------
   Name:  Mark Golombeck
   Title: Vice President

By: /s/ Anthony Giordano
   ------------------------------------
   Name:  ANTHONY GIORDANO
   Title: DIRECTOR

GRAMERCY CAPITAL CORPORATION,
   as Class A Owner, Class B Owner and Class C Owner

By: Credit Suisse First Boston, New York Branch,
    as Attorney-in-Fact

By: /s/ Mark Golombeck
   ------------------------------------
   Name:  Mark Golombeck
   Title: Vice President

By: /s/ Anthony Giordano
   ------------------------------------
   Name:  ANTHONY GIORDANO
   Title: DIRECTOR

<PAGE>

GREENWICH FUNDING CORPORATION
   as Class A Owner, Class B Owner and Class C Owner

By: Credit Suisse First Boston, New York Branch,
    as Attorney-in-Fact

By: /s/ Mark Golombeck
   ------------------------------------
   Name:  Mark Golombeck
   Title: Vice President

By: /s/ Anthony Giordano
   ------------------------------------
   Name:  ANTHONY GIORDANO
   Title: DIRECTOR

<PAGE>

PURCHASER SIGNATURE PAGE:

DEUTSCHE BANK AG, NEW YORK
BRANCH,
as Class A-1 Committed Purchaser, Class A-
2 Committed Purchaser, Class B Committed
Purchaser, Class C Committed Purchaser,
Class S Committed Purchaser and Agent

By: /s/ Adam Cohen
   ------------------------------------
   Name:  ADAM COHEN
   Title: DIRECTOR

By: /s/ Aimee Sevilla
   ------------------------------------
   Name:  AIMEE SEVILLA
   Title: VICE PRESIDENT

AGREED AND CONSENTED TO:

SEDONA CAPITAL FUNDING CORPORATION,
   as Class A Owner, Class B Owner, Class C
   Owner and Class S Owner

By: /s/ Evelyn Echevarria
   ------------------------------------
   Name:  Evelyn Echevarria
   Title: Vice President

<PAGE>

PURCHASER SIGNATURE PAGE:

JPMORGAN CHASE BANK,
as Class A-2 Committed Purchaser and
Agent

By: /s/ Bradley S. Schwartz
   ------------------------------------
   Name:  Bradley S. Schwartz
   Title: Managing Director

AGREED AND CONSENTED TO:

PARK AVENUE RECEIVABLES CORPORATION,
   as Class A-2 Owner

By: /s/ Andrew L. Stidd
   ------------------------------------
   Name:  Andrew L. Stidd
   Title: President

<PAGE>

PURCHASER SIGNATURE PAGE:

PUBLIC SQUARE FUNDING LLC,
as Class A-1 Committed Purchaser, Class A-2
Committed Purchaser and Class A Owner

By: /s/ Douglas K. Johnson
   ------------------------------------
   Name:  Douglas K. Johnson
   Title: President

PSF PURCHASER GROUP
KEYBANK, as Agent on Behalf of PSF and
the PSF Purchaser Group in accordance with
the Referral Bank Agreement Dated as of
December 8, 2000

By: /s/ Craig Platt
   -----------------------------------
   Name:  Craig Platt
   Title: Senior Vice President

<PAGE>

PURCHASER SIGNATURE PAGE:

LEHMAN BROTHERS HOLDINGS INC.,
as Class A-2 Committed Purchaser, Class B
Committed Purchaser, Class C Committed
Purchaser and Agent

By: /s/ Vincent Primiano
   ------------------------------------
   Name:  Vincent Primiano
   Title: Senior Vice President

AGREED AND CONSENTED TO:

MMP-3 FUNDING, LLC,
  as Class A Owner, Class B Owner and Class C Owner

By: /s/ Andrew L. Stidd
   ------------------------------------
   Name:  Andrew L. Stidd
   Title: President

<PAGE>

PURCHASER SIGNATURE PAGE:

PARADIGM FUNDING LLC.,
as Class A-1 Committed Purchaser, Class A-
2 Committed Purchaser, Class A Owner,
Class B Committed Purchaser and Owner,
Class C Committed Purchaser and Owner

By: /s/ Evelyn Echevarria
   ------------------------------------
   Name:  Evelyn Echevarria
   Title: Vice President

<PAGE>

        SCHEDULE 2

        UPDATED: EFFECTIVE MARCH 3, 2003

        "Class A Credit Score Enhancement Rate", "Class B Credit Score
Enhancement Rate" and "Class C Credit Score Enhancement Rate" shall be
determined pursuant to Option A or Option B, as elected by the Issuer from time
to time. The Issuer shall notify the Indenture Trustee in writing in advance of
which such option it has elected and of any change in such election.

        OPTION A:

        "Class A Credit Score Enhancement Rate" means, as of any date, the sum
of (1) the Step-Up Percentage and (2) the greater of (a) 18.50% and (b) the
percentage set forth in the following table opposite the Net Spread as of such
date in the column in which the weighted average AmeriCredit Score for the
Eligible Receivables as of such date appears:

CLASS A                   Weighted Average AmeriCredit Score

                 220-224   225 to 229   230-234    235-239    240+

Net Spread

**  9.0%            44.90%      50.10%     47.50%    55.70%    31.70%

**  8.5% and        45.80%      52.75%     49.10%    60.30%    38.20%
*** 9.0%

**  8.0% and        47.75%      54.35%     49.70%    60.60%    42.95%
*** 8.5%

**  7.5% and        54.30%      55.75%     50.15%    61.85%    43.40%
*** 8.0%

**  7.0% and        54.20%      55.90%     50.60%    65.70%    46.00%
*** 7.5%

**  6.5% and        58.80%      57.55%     52.00%    69.30%    49.60%
*** 7.0%

**  6.0% and        60.90%      59.95%     54.50%    73.90%    54.20%
*** 6.5%

**  5.5% and        67.50%      61.35%     54.40%    75.65%    55.70%
*** 6.0%

        "Class B Credit Score Enhancement Rate" means, as of any date, the sum
of (1) the Step-Up Percentage and (2) the greater of (a) 15.00% and (b) the
percentage set forth in the following table opposite the Net Spread as of such
date in the column in which the weighted average AmeriCredit Score for the
Eligible Receivables as of such date appears:

**  Denotes greater than
*** Denotes less than or equal to

<PAGE>

CLASS B                 Weighted Average AmeriCredit Score

                 220-224   225 to 229   230-234    235-239    240+

Net Spread

**  9.0%            37.50%     47.25%      44.00%    52.70%    28.20%

**  8.5% and        38.50%     48.75%      45.10%    57.30%    34.20%
*** 9.0%

**  8.0% and        40.45%     50.35%      45.70%    57.60%    38.95%
*** 8.5%

**  7.5% and        45.10%     51.00%      46.60%    58.10%    39.90%
*** 8.0%

**  7.0% and        47.20%     51.90%      46.60%    61.70%    43.00%
*** 7.5%

**  6.5% and        48.80%     52.80%      48.00%    65.30%    45.60%
*** 7.0%

**  6.0% and        51.90%     53.70%      49.00%    69.90%    49.20%
*** 6.5%

**  5.5% and        54.50%     54.10%      49.90%    71.65%    50.70%
*** 6.0%

        "Class C Credit Score Enhancement Rate" means, as of any date, the sum
of (1) the Step-Up Percentage and (2) the greater of (a) 8.50% and (b) the
percentage set forth in the following table opposite the Net Spread as of such
date in the column in which the weighted average AmeriCredit Score for the
Eligible Receivables as of such date appears:

CLASS C                 Weighted Average AmeriCredit Score

                 220-224   225 to 229   230-234    235-239    240+
Net Spread

** 9.0%            23.00%     18.50%      15.00%    11.70%    10.20%

**  8.5% and        24.00%     19.25%      15.60%    12.30%    10.20%
*** 9.0%

**  8.0% and        24.70%     20.00%      16.70%    13.10%    10.35%
*** 8.5%

**  7.5% and        24.60%     21.00%      17.60%    14.10%    11.40%
*** 8.0%

**  7.0% and        25.20%     21.90%      18.60%    14.70%    12.00%
*** 7.5%

**  6.5% and        25.80%     22.80%      19.00%    15.30%    12.60%
*** 7.0%

**  6.0% and        26.40%     23.70%      20.00%    15.90%    13.20%
*** 6.5%

**  Denotes greater than
*** Denotes less than or equal to

                                        2

<PAGE>

**  5.5% and        27.00%     24.60%      21.20%    16.65%    14.00%
*** 6.0%

**  Denotes greater than
*** Denotes less than or equal to

                                        3

<PAGE>

        OPTION  B:

        "Class A Credit Score Enhancement Rate" means, as of any date, the sum
of (1) the Step-Up Percentage and (2) the greater of (a) 18.50% and (b) the
percentage set forth in the following table opposite the Net Spread as of such
date in the column in which the weighted average AmeriCredit Score for the
Eligible Receivables as of such date appears:

CLASS A               Weighted Average AmeriCredit Score

                 220-224   225 to 229   230-234    235-239    240+
Net Spread

**  9.0%            39.85%     38.20%      37.50%    40.65%    25.65%

**  8.5% and        40.20%     41.00%      40.50%    42.85%    29.90%
*** 9.0%

**  8.0% and        41.40%     42.50%      41.25%    43.45%    32.35%
*** 8.5%

**  7.5% and        44.85%     44.25%      42.05%    44.45%    32.30%
*** 8.0%

**  7.0% and        44.20%     43.50%      43.00%    45.15%    33.00%
*** 7.5%

**  6.5% and        48.70%     45.00%      43.00%    46.85%    35.70%
*** 7.0%

**  6.0% and        49.65%     48.25%      45.50%    48.30%    38.40%
*** 6.5%

**  5.5% and        55.35%     50.00%      44.50%    49.15%    38.50%
*** 6.0%

        "Class B Credit Score Enhancement Rate" means, as of any date, the sum
of (1) the Step-Up Percentage and (2) the greater of (a) 15.00% and (b) the
percentage set forth in the following table opposite the Net Spread as of such
date in the column in which the weighted average AmeriCredit Score for the
Eligible Receivables as of such date appears:

CLASS B                Weighted Average AmeriCredit Score

                220-224      225 to 229      230-234      235-239       240+
Net Spread

**  9.0%            32.45%          35.35%       34.00%       37.65%      22.15%

**  8.5% and        32.90%          37.00%       36.50%       39.85%      25.90%
*** 9.0%

**  8.0% and        34.10%          38.50%       37.25%       40.45%      28.35%
*** 8.5%

**  7.5% and        35.65%          39.50%       38.50%       40.70%      28.80%

**  Denotes greater than
*** Denotes less than or equal to

                                        4

<PAGE>

*** 8.0%

**  7.0% and        37.20%          39.50%       39.00%       41.15%      30.00%
*** 7.5%

**  6.5% and        38.70%          40.25%       39.00%       42.85%      31.70%
*** 7.0%

**  6.0% and        40.65%          42.00%       40.00%       44.30%      33.40%
*** 6.5%

**  5.5% and        42.35%          42.75%       40.00%       45.15%      33.50%
*** 6.0%

        "Class C Credit Score Enhancement Rate" means, as of any date, the sum
of (1) the Step-Up Percentage and (2) the greater of (a) 8.50% and (b) the
percentage set forth in the following table opposite the Net Spread as of such
date in the column in which the weighted average AmeriCredit Score for the
Eligible Receivables as of such date appears:

CLASS C                  Weighted Average AmeriCredit Score

                220-224      225 to 229      230-234      235-239       240+
Net Spread

**  9.0%            25.00%          21.35%       17.00%       13.65%      11.90%

**  8.5% and        26.50%          22.00%       17.50%       14.35%      11.90%
*** 9.0%

**  8.0% and        27.00%          22.50%       18.25%       15.65%      12.15%
*** 8.5%

**  7.5% and        27.75%          23.50%       19.00%       16.10%      13.30%
*** 8.0%

**  7.0% and        28.00%          24.50%       20.00%       17.15%      14.00%
*** 7.5%

**  6.5% and        28.50%          25.25%       21.00%       17.85%      14.70%
*** 7.0%

**  6.0% and        29.25%          26.00%       22.00%       18.55%      15.40%
*** 6.5%

**  5.5%  and       29.75%          26.75%       23.00%       19.35%      16.50%
*** 6.0%

        "Class D Credit Score Enhancement Rate" shall have the meaning, if any,
set forth in a supplement or amendment to the Indenture.

        "Class E Credit Score Enhancement Rate" shall have the meaning, if any,
set forth in a supplement or amendment to the Indenture.

**  Denotes greater than
*** Denotes less than or equal to

                                        5<PAGE>

                                                                   EXHIBIT 10.17

                                                                 EXECUTION DRAFT

                     AMENDMENT NO. 1 TO AMENDED AND RESTATED
                        CLASS A-1 NOTE PURCHASE AGREEMENT

     This AMENDMENT NO. 1 TO AMENDED AND RESTATED CLASS A-1 NOTE PURCHASE
AGREEMENT, dated as of March 5, 2003 (this "Amendment"), is entered into among
AMERICREDIT MASTER TRUST (the "Issuer"), AMERICREDIT FUNDING CORP. VII (a
"Seller"), AMERICREDIT FINANCIAL SERVICES, INC. (a "Seller" and the "Servicer"),
DEUTSCHE BANK TRUST COMPANY AMERICAS, formerly known as Bankers Trust Company
(the "Administrative Agent"), each of the CLASS A-1 PURCHASERS parties hereto
(the "Purchasers"), DEUTSCHE BANK AG, NEW YORK BRANCH, as Agent, and each of the
other Agents parties hereto.

                                    RECITALS

     1.   The Issuer, Sellers, the Servicer, the Administrative Agent, the
Purchasers and the Agents are parties to those certain Amended and Restated
Class A-1 Note Purchase Agreement, dated as of February 22, 2002 (as previously
amended and as amended, supplemented or otherwise modified from time to time,
the "Note Purchase Agreement").

     2.   The parties hereto desire to amend and supplement the Note Purchase
Agreement as hereinafter set forth.

     NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:

     1.   Certain Defined Terms. Capitalized terms that are used herein without
definition and that are defined in the Note Purchase Agreement shall have the
same meanings herein as therein.

     2.   Amendments to Note Purchase Agreement. The Note Purchase Agreement
hereby is amended and supplemented as follows:

          2.1     Amendment to definition of Class A-1 Commitment Fee Rate. The
     definition of "Class A-1 Commitment Fee Rate" is amended by deleting such
     definition in its entirety and substituting, in lieu thereof, the
     definition set forth below:

          "Class A-1 Commitment Fee Rate" shall be .375%.

          2.2     Addition of Definition. The following definition is added, in
     the appropriate alphabetical order, to Section 1.1 of the Note Purchase
     Agreement:

          "CP Conduit Consolidation Event" shall mean the occurrence of any of
     the following events (i) the Securities and Exchange Commission, any
     banking regulatory authority or any other official body having jurisdiction
     over any Committed Purchaser or Agent or any of the Affiliates of such
     Committed Purchaser or Agent, shall require the consolidation of the assets
     and liabilities of any CP Conduit on the balance sheet of such

<PAGE>

     Committed Purchaser, Agent or Affiliate, or shall require that capital be
     maintained with respect thereto under any capital requirements as if such
     assets were owned by such Committed Purchaser, Agent or Affiliate, (ii) the
     independent auditors for any such Committed Purchaser, Agent or Affiliate
     shall have advised such Committed Purchaser, Agent or Affiliate in writing
     that in their opinion such consolidation is required by GAAP or applicable
     law, rule or regulations, (iii) any Affected Party shall determine that any
     arrangement or transaction contemplated by this Agreement or any Related
     Documents will impose any adverse regulatory impact on such Affected Party,
     including, without limitation, any cost or expense described in Section 2.4
     hereof; or (iv) any CP Conduit shall determine that it may be required to
     register as an investment company under the Investment Company Act of 1940,
     as amended.

          2.3     Amendment to Section 2.3. The Note Purchase Agreement is
     amended by adding the following as a new Section 2.3(k)

          "(k)    Notwithstanding anything contained herein or in the
     Supplemental Fee Letter, from and after the occurrence of a Termination
     Event, whether or not declared, the Class A-1 Principal Balance shall
     accrue interest (after as well as before judgment) at the Prime Rate from
     time to time in effect plus 2.0%."

          2.4     Amendment to Section 2.6(a). The Note Purchase Agreement is
     amended by deleting the following subsections (viii) and (ix) of Section
     2.6(a) in their entirety:

          "(viii) the offering or sale of the Notes or the offering or
     effectuation of any Take-Out Securitization; or

          (ix)    the commingling of the proceeds of the Collateral at any time
     with other funds."

     and substituting in lieu thereof, the following subsections (viii) through
     (x):

          "(viii) the offering or sale of the Notes or the offering or
     effectuation of any Take-Out Securitization;

          (ix)    the commingling of the proceeds of the Collateral at any time
     with other funds; or

          (x)     the occurrence of a CP Conduit Consolidation Event."

          2.5     Amendment to Section 3.2(b). Section 3.2(b) of the Note
     Purchase Agreement is amended by adding the following at the end thereof:

          "provided that if (x) a Borrowing Base Deficiency exists as a result
     of a change in the Class A Credit Score Enhancement Rate, the Class B
     Credit Score Enhancement Rate and/or the Class C Credit Score Enhancement
     Rate, including, without limitation, as a result of an election of Option A
     or Option B as set forth on Schedule 2 to the Indenture, and (y) no other
     Termination Event or event that, after the giving of notice or the lapse of

                                        2

<PAGE>

     time, would constitute a Termination Event, shall have occurred and be
     continuing, then the foregoing conditions of this Section 3.2(b)(ii) shall
     not prevent a purchase if, after giving effect to such purchase and the
     application of the proceeds thereof, no Borrowing Base Deficiency would
     exist."

     3.   Effect of Amendment. Except as expressly amended and modified by this
Amendment, all provisions of the Note Purchase Agreement shall remain in full
force and effect. After this Amendment becomes effective, all references in the
Note Purchase Agreement to "this Class A-l Note Purchase Agreement", "this Note
Purchase Agreement", "hereof", "herein" or words of similar effect referring to
the Note Purchase Agreement shall be deemed to be references to Note Purchase
Agreement, as amended by this Amendment. This Amendment shall not be deemed to
expressly or impliedly waive, amend or supplement any provision of the Note
Purchase Agreement other than as expressly set forth herein.

     4.   Effectiveness. This Amendment shall become effective as of the date
hereof upon receipt by the Administrative Agent of counterparts of this
Amendment (whether by facsimile or otherwise) executed by each of the other
parties hereto and by Noteholders representing the Required Class A-1 Owners and
Required Class A-l Purchasers and satisfaction of the Rating Agency Condition.

     5.   Counterparts. This Amendment may be executed in any number of
counterparts and by different parties on separate counterparts, and each
counterpart shall be deemed to be an original, and all such counterparts shall
together constitute but one and the same instrument.

     6.   Governing Law. This Amendment shall be governed by, and construed in
accordance with, the internal laws of the State of New York without regard to
any otherwise applicable principles of conflicts of law.

     7.   Section Headings. The various headings of this Amendment are inserted
for convenience only and shall not affect the meaning or interpretation of this
Amendment, the Note Purchase Agreement or any provision hereof or thereof.

     8.   Representations and Warranties. Each of the Issuer, Sellers and
Servicer, as applicable, represent and warrant that (i) all of their respective
representations and warranties set forth in the Note Purchase Agreement, are
true and accurate in all material respects as though made on and as of the date
hereof (except representations and warranties which relate to a specific date,
which were true and correct as of such date) and (ii) no Termination Event under
the Note Purchase Agreement has occurred and is continuing.

                  [remainder of page intentionally left blank]

                                        3

<PAGE>

     IN WITNESS WHEREOF, the parties have executed this Amendment as of the date
first written above.

                                  AMERICREDIT MASTER TRUST, as Issuer

                                  By:  DEUTSCHE BANK TRUST COMPANY
                                  DELAWARE, not in its individual capacity
                                  but solely as Owner Trustee on behalf of
                                  the Trust
                                                                ATTORNEY-IN-FACT
                                  By:   /s/ Louis Bodi
                                        ----------------------------------------
                                  Name:  LOUIS BODI
                                        ----------------------------------------
                                  Title: VICE PRESIDENT
                                        ----------------------------------------

                                  AMERICREDIT  FUNDING CORP. VII, as Seller

                                  By:   /s/ J. Michael May
                                        ----------------------------------------
                                  Name:  J. Michael May
                                        ----------------------------------------
                                  Title: Senior Vice President -
                                         Associate Counsel
                                        ----------------------------------------

                                  AMERICREDIT FINANCIAL SERVICES, INC.,
                                  as Seller and Servicer

                                  By:   /s/ Katharyn Harlow
                                        ----------------------------------------
                                  Name:  KATHARYN HARLOW
                                        ----------------------------------------
                                  Title: VP - Finance
                                        ----------------------------------------

                                  BANK ONE, N.A., as Backup Servicer, Trust
                                  Collateral Agent, and Trustee

                                  By:   /s/ John J. Rothrock
                                        ----------------------------------------
                                  Name:  John J. Rothrock
                                        ----------------------------------------
                                  Title: Authorized Signer
                                        ----------------------------------------

                                  DEUTSCHE BANK TRUST COMPANY
                                  AMERICAS, formerly known as Bankers Trust
                                  Company, as Administrative Agent

                                  By:   /s/ Chris DiBiase
                                        ----------------------------------------
                                  Name:  Chris DiBiase
                                        ----------------------------------------
                                  Title: VP
                                        ----------------------------------------

                                  By:   /s/ David May
                                        ----------------------------------------
                                  Name:  David May
                                        ----------------------------------------
                                  Title: Authorized Signatory
                                        ----------------------------------------

                                Signature Page To
                     AMENDMENT NO. 1 TO AMENDED AND RESTATED
                        CLASS A-1 NOTE PURCHASE AGREEMENT

<PAGE>

PURCHASER SIGNATURE PAGE:

JUPITER SECURITIZATION
CORPORATION,
as Class A-1 Owner

By: /s/ Beth Provanzana
   ------------------------------------
   Name: Beth Provanzana
   Title: Authorized Signer

BANK ONE,  N.A.,
  as Class A-1 Committed Purchaser and Agent

By: /s/ Beth Provanzana
   ------------------------------------
   Name: Beth Provanzana
   Title: Director, Capital Markets

                                Signature Page To
                     AMENDMENT NO. 1 TO AMENDED AND RESTATED
                        CLASS A-1 NOTE PURCHASE AGREEMENT

<PAGE>

PURCHASER SIGNATURE PAGE:

SHEFFIELD RECEIVABLES
CORPORATION,
as Class A-1 Owner and Class A-1
Committed Purchaser

By: Barclay's Bank Plc, as Agent and
attorney-in-fact

By: /s/ Andrew Shuster
   ------------------------------------
   Name: Andrew Shuster
   Title: Director

                                Signature Page To
                     AMENDMENT NO. 1 TO AMENDED AND RESTATED
                        CLASS A-1 NOTE PURCHASE AGREEMENT

<PAGE>

PURCHASER SIGNATURE PAGE:

LA FAYETTE PURCHASER GROUP,
CREDIT LYONNAIS NEW YORK
BRANCH
as Class A-1 Owner and Agent

By: /s/ Richard T. McBride
   ------------------------------------
   Name:  Richard T. McBride
   Title: Director

LA FAYETTE ASSET SECURITIZATION LLC,
   as Class A-1 Purchaser

By: /s/ Richard T. McBride
   ------------------------------------
   Name:  Richard T. McBride
   Title: Director

<PAGE>

PURCHASER SIGNATURE PAGE:

SEDONA CAPITAL FUNDING
CORPORATION,
as Class A-1 Owner

By: /s/ Evelyn Echevarria
   ------------------------------------
   Name:  Evelyn Echevarria
   Title: Vice President

DEUTSCHE BANK AG, NEW YORK BRANCH,
  as Class A-1 Committed Purchaser and Agent

By: /s/ Adam Cohen
   ------------------------------------
   Name:  ADAM COHEN
   Title: DIRECTOR

By: /s/ Aimee Sevilla
   ------------------------------------
   Name:  Aimee Sevilla
   Title: Vice President

                                Signature Page To
                     AMENDMENT NO. 1 TO AMENDED AND RESTATED
                        CLASS A-1 NOTE PURCHASE AGREEMENT

<PAGE>

PURCHASER SIGNATURE PAGE:

PSF PURCHASER GROUP
KEYBANK, as Agent on Behalf of PSF and
the PSF Purchaser Group in accordance with
the Referral Bank Agreement Dated as of
December 8, 2000

By: /s/ Craig Platt
   ------------------------------------
   Name:  CRAIG PLATT
   Title: SR VICE PRESIDENT

PUBLIC SQUARE FUNDING LLC,
as Class A-1 Owner and Class A-1 Committed Purchaser

By: /s/ Douglas K. Johnson
   ------------------------------------
   Name:  Douglas K. Johnson
   Title: President

                                Signature Page To
                     AMENDMENT NO. 1 TO AMENDED AND RESTATED
                        CLASS A-1 NOTE PURCHASE AGREEMENT

<PAGE>

PURCHASER SIGNATURE PAGE:

VARIABLE FUNDING CAPITAL CORPORATION,
  as Class A-1 Owner

By: Wachovia Securities, Inc., As Attorney-in-fact

By: /s/ Douglas R. Wilson Sr.
   ------------------------------------
   Name:  DOUGLAS R. WILSON, SR.
   Title: VICE PRESIDENT

WACHOVIA BANK, NATIONAL
ASSOCIATION,
as Class A-1 Committed Purchaser and
Agent

By: /s/ Prakash B. Wadhwani
   ------------------------------------
   Name:  PRAKASH B. WADHWANI
   Title: VICE PRESIDENT

                                Signature Page To
                     AMENDMENT NO. 1 TO AMENDED AND RESTATED
                        CLASS A-1 NOTE PURCHASE AGREEMENT

<PAGE>

PURCHASER SIGNATURE PAGE:

PARADIGM FUNDING LLC.,
as Class A-1 Committed Purchaser and
Class A-1 Owner

By: /s/ Evelyn Echevarria
   ------------------------------------
   Name:  Evelyn Echevarria
   Title: Vice President

WestLB AG, New York Branch,
as Agent

By: /s/ Roger Klepper
   ------------------------------------
   Name:  ROGER KLEPPER
   Title: DIRECTOR
          GLOBAL SPECIALIZED FINANCE

By: /s/ Llyin Liang
   ------------------------------------
   Name:  Llyin Liang
   Title: Associate Director
          Global Specialized Finance

                                Signature Page To
                     AMENDMENT NO. 1 TO AMENDED AND RESTATED
                        CLASS A-1 NOTE PURCHASE AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}]]