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AmeriCredit Corp. Announces $1,100,000,000 Asset-Backed Securitization

9 August 2000

AmeriCredit Corp. Announces $1,100,000,000 Asset-Backed Securitization

    FORT WORTH, Texas - AMERICREDIT CORP. announced today the pricing of a $1.1 billion offering of automobile receivables-backed securities through Chase Securities Inc., Banc of America Securities LLC, Barclays Capital, Bear, Stearns & Co. Inc., and Deutsche Banc Alex. Brown.

    The securities will be issued via an owner trust, AmeriCredit Automobile Receivables Trust 2000-C, in four classes of Notes:

Note Class      Amount     Average Life   Price   Interest Rate                            
----------      ------     ------------   -----   -------------
  A-1        $170,000,000   0.33 years   100.000   6.732%
  A-2         370,000,000   1.00 years  99.99439   6.970%
  A-3         262,000,000   2.10 years  99.99973   7.050%
  A-4         298,000,000   3.51 years   100.000   1 mo. LIBOR + 0.21%
              ===========                         
           $1,100,000,000                         

    The Class A-1 Notes will be rated A-1+ by Standard & Poor's and P-1 by Moody's Investors Service, Inc. Notes in classes A-2 through A-4 will be rated AAA by Standard & Poor's and Aaa by Moody's. Timely principal and interest payments on the Notes are guaranteed by an insurance policy provided by Financial Security Assurance Inc.

    The transaction represents AmeriCredit Corp.'s twenty-second securitization of automobile receivables in which a total of over $11.3 billion of automobile receivables-backed securities have been issued.

    AmeriCredit is the largest middle market automobile finance company in North America specializing in purchasing and servicing automobile loans. AmeriCredit maintains a Web site at www.americredit.com that contains further information on the Company.