EX-99.1 2 d95679dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

AmeriCredit Automobile Receivables Trust 2013-3

Class A-1 0.25000% Asset Backed Notes

Class A-2 0.68% Asset Backed Notes

Class A-3 0.92% Asset Backed Notes

Class B 1.58% Asset Backed Notes

Class C 2.38% Asset Backed Notes

Class D 3.00% Asset Backed Notes

Class E 3.74% Asset Backed Notes

Servicer’s Certificate

This Servicer’s Certificate has been prepared pursuant to Section 4.9 of the Sale and Servicing Agreement among AmeriCredit Automobile Receivables Trust 2013-3, as Issuer, AmeriCredit Financial Services, Inc., as Servicer, AFS SenSub Corp., as Seller, and Citibank, N.A., as the Trust Collateral Agent, dated as of June 12, 2013. Defined terms have the meanings assigned to them in the Sale and Servicing Agreement or in other Transaction Documents.

 

                        

Monthly Period Beginning:

        08/01/2015   

Monthly Period Ending:

        08/31/2015   

Prev. Distribution/Close Date:

        08/10/2015   

Distribution Date:

        09/08/2015   

Days of Interest for Period:

        29   

Days in Collection Period:

        31   

Months Seasoned:

        27   

 

                                                                                                   
                                  Original  

Purchases

      Units        Cut-off Date        Closing Date        Pool Balance  

Initial Purchase

        49,404           06/13/2013           06/20/2013         $ 1,055,423,653   

Total

        49,404                   $ 1,055,423,653   

 

                                                           

I. MONTHLY PERIOD RECEIVABLES PRINCIPAL BALANCE CALCULATION:

                   

{1} Beginning of period Aggregate Principal Balance

                   {1}       $ 477,750,400   

Monthly Principal Amounts

                   

{2} Collections on Receivables outstanding at end of period

                {2}         12,807,421      

{3} Collections on Receivables paid off during period

                {3}         7,661,844      

{4} Receivables becoming Liquidated Receivables during period

                {4}         3,082,506      

{5} Receivables becoming Purchased Receivables during period

                {5}         0      

{6} Other Receivables adjustments

                {6}         406      

{7} Less amounts allocable to Interest

                {7}         (5,046,573 )    

{8} Total Monthly Principal Amounts

                   {8}         18,505,604   

{9} End of period Aggregate Principal Balance

                   {9}       $ 459,244,796   

{10} Pool Factor

                   {10}         43.5128391 % 

II. MONTHLY PERIOD NOTE BALANCE CALCULATION:

                   
                Class A-1      Class A-2      Class A-3      Class B  

{11} Original Note Balance

        {11}         $ 151,000,000       $ 316,700,000       $ 242,500,000       $ 76,600,000   

{12} Beginning of period Note Balance

        {12}         $ 0       $ 0       $ 140,979,441       $ 76,600,000   

{13} Noteholders’ Principal Distributable Amount

        {13}           0         0         15,868,555         0   

{14} Noteholders’ Accelerated Principal Amount

        {14}           0         0         0         0   

{15} Aggregate Principal Parity Amount

        {15}           0         0         0         0   

{16} Matured Principal Shortfall

        {16}                 

{17} End of period Note Balance

        {17}         $ 0       $ 0       $ 125,110,886       $ 76,600,000   

{18} Note Pool Factors

        {18}           0.0000000 %       0.0000000 %       51.5921179 %       100.0000000 % 
                Class C      Class D      Class E      TOTAL  
          $ 94,900,000       $ 93,400,000       $ 24,900,000       $ 1,000,000,000   

{19} Beginning of period Note Balance

        {19}         $ 94,900,000       $ 93,400,000       $ 24,900,000       $ 430,779,441   

{20} Noteholders’ Principal Distributable Amount

        {20}           0         0         0         15,868,555   

{21} Noteholders’ Accelerated Principal Amount

        {21}           0         0         0         0   

{22} Aggregate Principal Parity Amount

        {22}           0         0         0         0   

{23} Matured Principal Shortfall

        {23}                    0   

{24} End of period Note Balance

        {24}         $ 94,900,000       $ 93,400,000       $ 24,900,000       $ 414,910,886   

{25} Note Pool Factors

        {25}           100.0000000 %       100.0000000 %       100.0000000 %       41.4910886 % 

                                                                                                                       

III. CALCULATION OF STEP-DOWN AMOUNT:

                

{26} Ending Pool Balance

        {26}            $ 459,244,796      

{27} 14.25 % of Ending Aggregate Principal Balance

        {27}           65,442,383         

{28} Less Specified Reserve Balance

        {28}           (21,108,473 )       

{29} Sum of {27} and {28}

        {29}           44,333,910         

{30} Required Pro Forma Note Balance {26} - {29}

        {30}              414,910,886      

{31} Beginning Note Balance

        {31}           430,779,441         

{32} Principal payments through Noteholders’ Principal Distributable Amount

        {32}           (18,505,604 )       

{33} Pro-Forma Note Balance (Assuming no Step-down)

        {33}              412,273,837      

{34} Excess of Required Pro-forma over Pro-forma Balance

        {34}              2,637,049      

{35} Pool Balance minus Pro-forma Note Balance not less than .50% Original Pool Balance ($5,277,118)

        {35}              2,637,049      

{36} Step-Down Amount Lesser of {34} or {35}

        {36}               $ 2,637,049   

IV. CALCULATION OF PRINCIPAL DISTRIBUTABLE AMOUNT:

                

{37} Total Monthly Principal Amounts

             {37}       $ 18,505,604      

{38} Step-down Amount

             {38}         (2,637,049 )    

{39} Principal Distributable Amount

             {39}          $ 15,868,555   

V. CALCULATION OF INTEREST DISTRIBUTABLE AMOUNT:

                
           Beginning        Interest        Interest                      Calculated                         
   

Class

      Note Balance        Carryover        Rate      Days       

Days Basis

      Interest                         

{40}

   Class A - 1      $ 0           0           0.25000 %       30         Actual days/360      $ 0              

{41}

   Class A - 2      $ 0           0           0.68000 %       30         30/360        0              

{42}

   Class A - 3      $ 140,979,441           0           0.92000 %       30         30/360        108,084              

{43}

   Class B      $ 76,600,000           0           1.58000 %       30         30/360        100,857              

{44}

   Class C      $ 94,900,000           0           2.38000 %       30         30/360        188,218              

{45}

   Class D      $ 93,400,000           0           3.00000 %       30         30/360        233,500              

{46}

   Class E      $ 24,900,000           0           3.74000 %       30         30/360        77,605              

VI. RECONCILIATION OF COLLECTION ACCOUNT:

                

Available Funds:

                

{47} Collections on Receivables during period (net of Liquidation Proceeds and Fees)

             {47}       $ 20,317,987      

{48} Liquidation Proceeds collected during period

             {48}         1,490,601      

{49} Purchase Amounts or amounts from Servicer deposited in Collection Account

             {49}         0      

{50} Investment Earnings - Collection Account

             {50}         872      

{51} From Reserve Acct - Investment Earnings, Reserve Acct Withdrawal, Excess Specified Reserve over Note Bal

             {51}         1,260      

{52} Collection of Supplemental Servicing - Extension Fees

             {52}         151,278      

{53} Collection of Supplemental Servicing - Repo and Recovery Fees Advanced

             {53}         125,258      

{54} Collection of Supplemental Servicing - Late Fees, Prepayment Penalty Fees & Force Placed Insurance

             {54}         159,497      

{55} Total Available Funds

             {55}            22,246,753   

Distributions:

                

{56} Base Servicing Fee

             {56}         895,782      

{57} Repo and Recovery Fees - reimbursed to Servicer

             {57}         125,258      

{58} Bank Service Charges - reimbursed to Servicer

             {58}         1,554      

{59} Late Fees, Prepayment Penalty Fees & Force Placed Insurance - to Servicer

             {59}         159,497      

{60} Trustee and Trust Collateral Agent Fees

             {60}         425      

{61} Owner Trustee Fee

             {61}         208      

{62} Class A-1 Noteholders’ Interest Distributable Amount pari passu

             {62}         0      

{63} Class A-2 Noteholders’ Interest Distributable Amount pari passu

             {63}         0      

{64} Class A-3 Noteholders’ Interest Distributable Amount pari passu

             {64}         108,084      

{65} Class A Noteholders’ Principal Parity Amount or Matured Principal Shortfall

             {65}         0      

{66} Class B Noteholders’ Interest Distributable Amount

             {66}         100,857      

{67} Class B Noteholders’ Principal Parity Amount or Matured Principal Shortfall

             {67}         0      

{68} Class C Noteholders’ Interest Distributable Amount

             {68}         188,218      

{69} Class C Noteholders’ Principal Parity Amount or Matured Principal Shortfall

             {69}         0      

{70} Class D Noteholders’ Interest Distributable Amount

             {70}         233,500      

{71} Class D Noteholders’ Principal Parity Amount or Matured Principal Shortfall

             {71}         0      

{72} Class E Noteholders’ Interest Distributable Amount

             {72}         77,605      

{73} Class E Noteholders’ Principal Parity Amount or Matured Principal Shortfall

             {73}         0      

{74} Noteholders’ Principal Distributable Amount

             {74}         15,868,555      

{75} To the Reserve Account, the Reserve Account Deposit

             {75}         0      

{76} To the Noteholders, the Accelerated Principal Amount (as calculated below)

             {76}         0      

{77} Add’l fees (Trustee, Owner Trustee, Trust Collateral Agent, Lockbox Bank & Processor)

             {77}         0      

{78} To the Certificateholders, the aggregate amount remaining

             {78}         4,487,210      

{79} Total Distributions

             {79}          $ 22,246,753   

 

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VlI. CALCULATION OF PRINCIPAL PARITY AMOUNT:

  

                
           (X)        (Y)        (I)        (II)                                  
           Cumulative        Pool        Excess of        Available Funds        Lesser of                         
   

Class

      Note Balance        Balance        (X) - (Y)        in Waterfall        (I) or (II)                         

{80}

   Class A      $ 140,979,441         $ 459,244,796         $ 0         $ 20,955,945         $ 0              

{81}

   Class B        217,579,441           459,244,796           0           20,855,088           0              

{82}

   Class C        312,479,441           459,244,796           0           20,666,870           0              

{83}

   Class D        405,879,441           459,244,796           0           20,433,370           0              

{84}

   Class E        430,779,441           459,244,796           0           20,355,765           0              

{85}

   Total                                    

VlII. CALCULATION OF ACCELERATED PRINCIPAL AMOUNT:

  

                

{86} Excess Available Funds

  

             {86}       $ 4,487,210      

{87} Pro-Forma Note Balance

  

             {87}         414,910,886      

{88} Required Pro Forma Note Balance

  

             {88}         414,910,886      

{89} Excess of Pro-Forma Balance over Required Pro-Forma Balance

  

             {89}         0      

{90} Lesser of Excess Available Funds or Excess of Pro-Forma Note Balance

  

             {90}          $ 0   

IX. RECONCILIATION OF RESERVE ACCOUNT:

  

                
                                Current  

{91} Specified Reserve Balance

  

                 $ 21,108,473   

{92} Beginning of period Reserve Account balance

  

             {92}          $ 21,108,473   

{93} The Reserve Account Deposit, from Collection Account

  

             {93}         0      

{94} Investment Earnings

  

             {94}         1,260      

{95} Investment Earnings - transferred to Collection Account Available Funds

  

             {95}         (1,260 )    

{96} Reserve Account Withdrawal Amount

  

             {96}         0      

{97} End of period Reserve Account balance

  

             {97}          $ 21,108,473   

X. CALCULATION OF TOTAL OVERCOLLATERALIZATION:

  

                

{98} Aggregate Principal Balance

  

             {98}       $ 459,244,796      

{99} End of Period Note Balance

  

             {99}         414,910,886      

{100} Overcollateralization

  

             {100}         44,333,910      

{101} Overcollateralization %

  

             {101}            9.65 % 

XI. MONTHLY PERIOD AND CUMULATIVE NUMBER OF RECEIVABLES CALCULATION:

   

                
                         Cumulative      Monthly  

{102} Original Number of Receivables

  

             {102}         49,404      

{103} Beginning of period number of Receivables

  

             {103}         0         30,043   

{104} Number of Receivables becoming Liquidated Receivables during period

  

             {104}         5,915         190   

{105} Number of Receivables becoming Purchased Receivables during period

  

             {105}         1         0   

{106} Number of Receivables paid off during period

  

             {106}         14,191         556   

{107} End of period number of Receivables

  

             {107}         29,297         29,297   

XII. STATISTICAL DATA: (CURRENT AND HISTORICAL):

  

                
                  Original      Prev. Month      Current  

{108} Weighted Average APR of the Receivables

  

        {108}           13.24 %       13.12 %       13.13 % 

{109} Weighted Average Remaining Term of the Receivables

  

        {109}           69.00         45.13         44.21   

{110} Weighted Average Original Term of Receivables

  

        {110}           71.00         71.00         71.00   

{111} Average Receivable Balance

  

        {111}         $ 21,363       $ 15,902       $ 15,675   

{112} Net Losses in Period

  

        {112}         $ 0       $ 2,164,181       $ 1,591,905   

{113} Aggregate Realized Losses

  

        {113}         $ 0       $ 50,351,749       $ 51,943,654   

{114} Aggregate Realized Loss Percentage

  

        {114}              4.770 %       4.921 % 

{115} ABS Prepay Speed

  

        {115}              1.5367         1.3632   

XIII. DELINQUENCY:

  

                
                  Units      Dollars      Percentage  

Receivables with Scheduled Payment delinquent

  

                

{116} 31-60 days

  

        {116}           2,775       $ 47,569,986         9.96 % 

{117} 61-90 days

  

        {117}           643         10,747,204         2.25 % 

{118} 91-120 days

  

        {118}           126         2,010,119         0.42 % 

{119} Total

  

        {119}           3,544       $ 60,327,309         12.63 % 

XIV. EXTENSIONS

  

                

{120} Principal Balance of Receivables extended during current period

  

        {120}            $ 17,413,583      

{121} Beginning of Period Aggregate Principal Balance

  

        {121}              477,750,400      

{122} Extension Rate {120} divided by {121}

  

        {122}                 3.64 % 

 

By:  

/s/ Ellen Billings

Name:   Ellen Billings
Title:   Senior Vice President, Controller – North America
Date:   September 2, 2015

 

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