AmeriCredit Amends Key Portfolio Performance Ratios.

Business Editors/Automotive Writers

FORT WORTH, Texas--(BUSINESS WIRE)--July 17, 2003

AmeriCredit Corp. (NYSE:ACF) has entered into an agreement with Financial Security Assurance Inc. (FSA) to amend certain secondary portfolio performance ratios (level-two triggers) for 12 of its securitization pools.

The amendment lifts the cumulative net loss level-two triggers for all of the Company's FSA-insured transactions completed in 2000, 2001 and 2002 and provides for an increase in the related insurance premium. The Company has never exceeded level-two triggers and with the amendment does not anticipate violating any level-two triggers for any of its FSA-insured securitizations in the future.

AmeriCredit Corp. is one of the largest independent middle-market auto finance companies in North America. Using its branch network and strategic alliances with auto groups and banks, the company purchases retail installment contracts entered into by auto dealers with consumers who are typically unable to obtain financing from traditional sources. AmeriCredit has more than one million customers and over $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.