AmeriCredit Announces $600 Million Asset-Backed Securitization; Lowest Weighted Average Coupon in Company History at 2.9%

    FORT WORTH, Texas--Sept. 6, 2002--AMERICREDIT CORP. announced the pricing of a $600 million offering of automobile receivables-backed securities through lead managers J.P. Morgan Securities Inc. and Wachovia Securities, Inc. The company uses net proceeds from securitization transactions to provide long-term financing of automobile retail installment contracts.
    The securities will be issued via an owner trust, AmeriCredit Automobile Receivables Trust 2002-D, in four classes of Notes:

Note Class      Amount     Average Life    Price    Interest Rate
----------      ------     ------------    -----    -------------
   A-1      $ 111,000,000   0.25 years   100.00000      1.755%
   A-2        153,000,000   0.85 years    99.99558      2.04%
   A-3        194,000,000   2.00 years    99.99517      2.72%
   A-4        142,000,000   3.36 years    99.98810      3.40%
              -----------
            $ 600,000,000

    The weighted average coupon is 2.9%.
    The Note Classes are rated by Standard & Poor's, Moody's Investors Service, Inc. and Fitch, Inc. The ratings by Note Class are:

Note Class        Standard & Poor's      Moody's           Fitch
----------        -----------------      -------           -----
   A-1                  A-1+             Prime-1            F1+
   A-2                   AAA                 Aaa            AAA
   A-3                   AAA                 Aaa            AAA
   A-4                   AAA                 Aaa            AAA

    This transaction represents AmeriCredit's 35th securitization of automobile receivables in which a total of almost $26 billion of automobile receivables-backed securities has been issued.
    AmeriCredit Corp. is the largest independent middle-market auto finance company in North America. Using its branch network and strategic alliances with auto groups and banks, the company purchases installment contracts made by auto dealers to consumers who are typically unable to obtain financing from traditional sources. AmeriCredit has more than one million customers throughout the United States and Canada and nearly $15 billion in managed auto receivables. The company was founded in 1992 and is headquartered in Fort Worth, Texas. For more information, visit www.americredit.com.