AmeriCredit Executive Chairman Purchases 500,000 Shares

    FORT WORTH, Texas--Oct. 28, 2002--AmeriCredit Corp. announced today that Executive Chairman Clifton H. Morris Jr. purchased 500,000 shares of the company's common stock on the open market Friday, Oct. 25, 2002. Mr. Morris now has beneficial ownership of 1,203,135 shares.
    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 retail 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 more than $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.