GUARANTOR CONSOLIDATING FINANCIAL STATEMENTS

The payment of principal and interest on the 6.75% senior notes issued in June 2011 are currently guaranteed solely by AmeriCredit Financial Services, Inc. (the "Guarantor"), our principal operating subsidiary, and none of our other subsidiaries (the "Non-Guarantor Subsidiaries"). The separate financial statements of the Guarantor are not included herein because the Guarantor is a wholly owned consolidated subsidiary and is unconditionally liable for the obligations represented by the senior notes. Some of our "Non-Guarantor Subsidiaries" had previously guaranteed the payment of principal and interest on our senior notes and convertible senior notes that were outstanding prior to the issuance of the 6.75% senior notes. These previously outstanding senior notes have been repaid in full and the amount of convertible senior notes that currently remain outstanding under the previous guarantor structure is immaterial. As a result, the following consolidating financial statements have been recast to reflect the current guarantor structure for the 6.75% senior notes.

The consolidating financial statements present consolidating financial data for (i) General Motors Financial Company, Inc. (on a parent only basis), (ii) the Guarantor, (iii) the combined Non-Guarantor Subsidiaries, (iv) an elimination column for adjustments to arrive at the information for the parent company and our subsidiaries on a consolidated basis and (v) the parent company and our subsidiaries on a consolidated basis as of March 31, 2012, December 31, 2011, and for the three months ended March 31, 2012 and 2011.

Investments in subsidiaries are accounted for by the parent company using the equity method for purposes of this presentation. Results of operations of subsidiaries are therefore reflected in the parent company's investment accounts and earnings. The principal elimination entries set forth below eliminate investments in subsidiaries and intercompany balances and transactions.

GENERAL MOTORS FINANCIAL COMPANY, INC.

CONSOLIDATING BALANCE SHEET

March 31, 2012

(Unaudited, in Thousands)



	General Motors Financial Company, Inc.			Guarantor		Non- Guarantors			Eliminations			Consolidated
Assets
Cash and cash equivalents				$	537,671	$	71,120					$	608,791
Finance receivables, net				847,549		8,628,127						9,475,676
Restricted cash - securitization notes payable						856,573						856,573
Restricted cash - credit facilities						121,657						121,657
Property and equipment, net	$	220		4,430		44,811						49,461
Leased vehicles, net						1,099,984						1,099,984
Deferred income taxes	33,498			70,953		14,303						118,754
Goodwill	1,094,923					13,304						1,108,227
Intercompany subvention receivable	25,397											25,397
Other assets	6,105			35,303		85,415						126,823
Due from affiliates	842,928					2,749,240			$	(3,592,168	)
Investment in affiliates	2,992,406			2,883,801					(5,876,207		)
Total assets	$	4,995,477		$	4,379,707	$	13,684,534		$	(9,468,375	)	$	13,591,343
Liabilities and Shareholder's Equity
Liabilities:
Credit facilities						$	778,663					$	778,663
Securitization notes payable						7,559,357						7,559,357
Senior notes	$	500,000										500,000
Convertible senior notes	500											500
Accounts payable and accrued expenses	13,225			$	98,801	106,552						218,578
Deferred income						40,670						40,670
Taxes payable	83,989			4,551		1,054						89,594
Intercompany taxes payable	372,684											372,684
Interest rate swap and cap agreements				4,093		2,125						6,218
Due to affiliates				3,592,168					$	(3,592,168	)
Total liabilities	970,398			3,699,613		8,488,421			(3,592,168		)	9,566,264
Shareholder's equity:
Common stock						517,037			(517,037		)
Additional paid-in capital	3,456,348			79,187		548,081			(627,268		)	3,456,348
Accumulated other comprehensive loss	(3,708		)			(3,934		)	3,934			(3,708		)
Retained earnings	572,439			600,907		4,134,929			(4,735,836		)	572,439
Total shareholder's equity	4,025,079			680,094		5,196,113			(5,876,207		)	4,025,079
Total liabilities and shareholder's equity	$	4,995,477		$	4,379,707	$	13,684,534		$	(9,468,375	)	$	13,591,343

GENERAL MOTORS FINANCIAL COMPANY, INC.

CONSOLIDATING BALANCE SHEET

December 31, 2011

(in Thousands)



	General Motors Financial Company, Inc.			Guarantor		Non- Guarantors			Eliminations			Consolidated
Assets
Cash and cash equivalents				$	500,556	$	71,741					$	572,297
Finance receivables, net				201,796		8,960,696						9,162,492
Restricted cash – securitization notes payable						919,283						919,283
Restricted cash – credit facilities						136,556						136,556
Property and equipment, net	$	220		3,567		43,653						47,440
Leased vehicles, net						809,491						809,491
Deferred income taxes	28,572			49,792		30,320						108,684
Goodwill	1,094,923					13,059						1,107,982
Intercompany subvention receivable	35,975					1,472						37,447
Other assets	7,880			50,304		83,064						141,248
Due from affiliates	769,778					2,656,353			$	(3,426,131	)
Investment in affiliates	2,871,356			3,252,248					(6,123,604		)
Total assets	$	4,808,704		$	4,058,263	$	13,725,688		$	(9,549,735	)	$	13,042,920
Liabilities and Shareholder's Equity
Liabilities:
Credit facilities						$	1,099,391					$	1,099,391
Securitization notes payable						6,937,841						6,937,841
Senior notes	$	500,000										500,000
Convertible senior notes	500											500
Accounts payable and accrued expenses	4,975			$	60,070	95,127						160,172
Deferred income						24,987						24,987
Taxes payable	79,885			4,882		710						85,477
Intercompany taxes payable	300,306											300,306
Interest rate swap and cap agreements				4,768		6,440						11,208
Due to affiliates				3,426,131					$	(3,426,131	)
Total liabilities	885,666			3,495,851		8,164,496			(3,426,131		)	9,119,882
Shareholder's equity:
Common stock						517,037			(517,037		)
Additional paid-in capital	3,470,495			79,187		1,143,529			(1,222,716		)	3,470,495
Accumulated other comprehensive loss	(7,617		)			(17,396		)	17,396			(7,617		)
Retained earnings	460,160			483,225		3,918,022			(4,401,247		)	460,160
Total shareholder's equity	3,923,038			562,412		5,561,192			(6,123,604		)	3,923,038
Total liabilities and shareholder's equity	$	4,808,704		$	4,058,263	$	13,725,688		$	(9,549,735	)	$	13,042,920

GENERAL MOTORS FINANCIAL COMPANY, INC.

CONSOLIDATING STATEMENT OF INCOME

Three Months Ended March 31, 2012

(Unaudited, in Thousands)



	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
Revenue
Finance charge income				$	35,111		$	323,145					$	358,256
Other income	$	10,942		63,203			141,674			$	(142,672	)	73,147
Equity in income of affiliates	117,141			149,138						(266,279		)
	128,083			247,452			464,819			(408,951		)	431,403
Costs and expenses
Operating expenses	3,594			25,374			68,901						97,869
Leased vehicles expenses							40,646						40,646
Provision for loan losses				59,684			(11,130		)				48,554
Interest expense	14,324			58,452			132,988			(142,672		)	63,092
	17,918			143,510			231,405			(142,672		)	250,161
Income before income taxes	110,165			103,942			233,414			(266,279		)	181,242
Income tax (benefit) provision	(2,114		)	(13,740		)	84,817						68,963
Net income	$	112,279		$	117,682		$	148,597		$	(266,279	)	$	112,279

Total comprehensive income	$	116,733		$	117,682		$	148,052		$	(266,279	)	$	116,188

GENERAL MOTORS FINANCIAL COMPANY, INC.

CONSOLIDATING STATEMENT OF INCOME

Three Months Ended March 31, 2011

(Unaudited, in Thousands)



	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors		Eliminations			Consolidated
Revenue
Finance charge income				$	(2,938	)	$	270,784				$	267,846
Other income	$	14,261		90,772			164,523		$	(242,235	)	27,321
Equity in income of affiliates	80,045			104,691					(184,736		)
	94,306			192,525			435,307		(426,971		)	295,167
Costs and expenses
Operating expenses	5,602			19,612			51,192					76,406
Leased vehicles expenses							8,484					8,484
Provision for loan losses				13,795			25,629					39,424
Interest expense	14,033			102,893			165,926		(242,235		)	40,617
	19,635			136,300			251,231		(242,235		)	164,931
Income before income taxes	74,671			56,225			184,076		(184,736		)	130,236
Income tax (benefit) provision	(2,567		)	(23,151		)	78,716					52,998
Net income	$	77,238		$	79,376		$	105,360	$	(184,736	)	$	77,238

Total comprehensive income	$	78,449		$	79,376		$	106,096	$	(184,736	)	$	79,185

GENERAL MOTORS FINANCIAL COMPANY, INC.

CONSOLIDATING STATEMENT OF CASH FLOWS

Three Months Ended March 31, 2012

(Unaudited, in Thousands)



	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
Cash flows from operating activities:
Net income	$	112,279		$	117,682		$	148,597		$	(266,279	)	$	112,279
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	510			457			49,598						50,565
Accretion and amortization of loan and leasing fees				(356		)	(10,731		)				(11,087		)
Amortization of carrying value adjustment				581			19,588						20,169
Amortization of purchase accounting premium							(9,944		)				(9,944		)
Provision for loan losses				59,684			(11,130		)				48,554
Deferred income taxes	(4,926		)	(21,161		)	16,435						(9,652		)
Stock-based compensation expense	584												584
Other				219			(5,775		)				(5,556		)
Equity in income of affiliates	(117,141		)	(149,138		)				266,279
Changes in assets and liabilities:
Other assets	1,265			(2,582		)	(626		)				(1,943		)
Accounts payable and accrued expenses	(6,481		)	18,685			13,470						25,674
Taxes payable	4,104			(331		)	335						4,108
Intercompany taxes payables	72,378												72,378
Net cash provided by operating activities	62,572			23,740			209,817						296,129
Cash flows from investing activities:
Purchases of receivables				(1,364,662		)	(678,690		)	678,690			(1,364,662		)
Principal collections and recoveries on receivables				206			1,015,712						1,015,918
Net proceeds from sale of receivables				678,690						(678,690		)
Net purchases of leased vehicles							(305,370		)				(305,370		)
Proceeds from termination of leased vehicles							6,922						6,922
Purchases of property and equipment				(1,320		)	(2,632		)				(3,952		)
Change in restricted cash - securitization notes payable							62,710						62,710
Change in restricted cash - credit facilities							15,452						15,452
Change in other assets				16,839			(6,760		)				10,079
Net change in investment in affiliates	(4,454		)	517,585						(513,131		)
Net cash (used) provided by investing activities	(4,454		)	(152,662		)	107,344			(513,131		)	(562,903		)
Cash flows from financing activities:
Borrowings on credit facilities							453,774						453,774
Payments on credit facilities							(778,054		)				(778,054		)
Issuance of securitization notes payable							1,800,000						1,800,000
Payments on securitization notes payable							(1,168,700		)				(1,168,700		)
Debt issuance costs							(4,761		)				(4,761		)
Net capital contribution to subsidiaries							(513,676		)	513,676
Net change in due (to) from affiliates	(62,572		)	166,037			(103,465		)
Net cash (used) provided by financing activities	(62,572		)	166,037			(314,882		)	513,676			302,259
Net (decrease) increase in cash and cash equivalents	(4,454		)	37,115			2,279			545			35,485
Effect of Canadian exchange rate changes on cash and cash equivalents	4,454						(2,900		)	(545		)	1,009
Cash and cash equivalents at beginning of period				500,556			71,741						572,297
Cash and cash equivalents at end of period	$			$	537,671		$	71,120		$			$	608,791

GENERAL MOTORS FINANCIAL COMPANY, INC.

CONSOLIDATING STATEMENT OF CASH FLOWS

Three Months Ended March 31, 2011

(Unaudited, in Thousands)



	General Motors Financial Company, Inc.			Guarantor			Non- Guarantors			Eliminations			Consolidated
Cash flows from operating activities:
Net income	$	77,238		$	79,376		$	105,360		$	(184,736	)	$	77,238
Adjustments to reconcile net income to net cash (used) provided by operating activities:
Depreciation and amortization	1,889			389			15,590						17,868
Accretion and amortization of loan fees				202			(3,138		)				(2,936		)
Amortization of carrying value adjustment				21,585			46,342						67,927
Amortization of purchase accounting premium	(92		)				(23,025		)				(23,117		)
Provision for loan losses				13,795			25,629						39,424
Deferred income taxes	(13,106		)	(24,403		)	15,720						(21,789		)
Stock-based compensation expense	2,925												2,925
Other				5,532			(14,376		)				(8,844		)
Equity in income of affiliates	(80,045		)	(104,691		)				184,736
Changes in assets and liabilities:
Other assets	(57,440		)	12,597			56,364						11,521
Accounts payable and accrued expenses	(39,012		)	21,201			5,046						(12,765		)
Taxes payable	16,535			5,099			(4,517		)				17,117
Intercompany taxes payable	54,817												54,817
Net cash (used) provided by operating activities	(36,291		)	30,682			224,995						219,386
Cash flows from investing activities:
Purchases of receivables				(1,134,782		)	(2,175,530		)	2,175,530			(1,134,782		)
Principal collections and recoveries on receivables				26			954,265						954,291
Net proceeds from sale of receivables				2,175,530						(2,175,530		)
Net purchases of leased vehicles							(320,206		)				(320,206		)
Proceeds from termination of leased vehicles							12,880						12,880
Sales (purchases) of property and equipment	1,924			(926		)	(987		)				11
Change in restricted cash - securitization notes payable							(77,373		)				(77,373		)
Change in restricted cash - credit facilities							(19,693		)				(19,693		)
Change in other assets				(4,410		)	(9,421		)				(13,831		)
Net change in investment in affiliates	(1,388		)	(769,862		)				771,250
Net cash provided (used) by investing activities	536			265,576			(1,636,065		)	771,250			(598,703		)
Cash flows from financing activities:
Borrowings on credit facilities							1,196,521						1,196,521
Payments on credit facilities							(615,510		)				(615,510		)
Issuance of securitization notes payable							800,000						800,000
Payments on securitization notes payable							(845,058		)				(845,058		)
Debt issuance costs							(17,809		)				(17,809		)
Net capital contribution to subsidiaries							641,986			(641,986		)
Net change in due (to) from affiliates	34,544			(160,266		)	253,501			(127,779		)
Net cash provided (used) by financing activities	34,544			(160,266		)	1,413,631			(769,765		)	518,144
Net (decrease) increase in cash and cash equivalents	(1,211		)	135,992			2,561			1,485			138,827
Effect of Canadian exchange rate changes on cash and cash equivalents	1,211						76			(1,485		)	(198		)
Cash and cash equivalents at beginning of period				185,004			9,550						194,554
Cash and cash equivalents at end of period	$			$	320,996		$	12,187		$			$	333,183