8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

August 3, 2016

AmeriCredit Automobile Receivables Trust 2016-3

(Exact name of registrant as specified in its charter)

AFS SenSub Corp.

(Exact name of depositor as specified in its charter)

AmeriCredit Financial Services, Inc.

(Exact name of sponsor as specified in its charter)

Delaware	333-206924-03	88-0475154
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

c/o AmeriCredit Financial Services, Inc. Attention: Frank E. Brown III, Esq. 801 Cherry Street, Suite 3500 Fort Worth, Texas	76102
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number including area code - (817) 302-7000

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

AFS SenSub Corp. (“AFS SenSub”), as depositor, and AmeriCredit Financial Services, Inc. (“AmeriCredit”), as sponsor, will cause a newly formed issuing entity, AmeriCredit Automobile Receivables Trust 2016-3 (the “Issuing Entity”), to issue $221,000,000 Class A-1 0.75000% Asset Backed Notes (the “Class A-1 Notes”), $325,000,000 Class A-2-A 1.37% Asset Backed Notes (the “Class A-2-A Notes”), $75,000,000 Class A-2-B Floating Rate Asset Backed Notes (the “Class A-2-B Notes” and together with the Class A-2-A Notes, the “Class A-2 Notes”), $323,940,000 Class A-3 1.46% Asset Backed Notes (the “Class A-3 Notes”), $102,550,000 Class B 1.80% Asset Backed Notes (the “Class B Notes”), $127,320,000 Class C 2.24% Asset Backed Notes (the “Class C Notes”), $125,190,000 Class D 2.71% Asset Backed Notes (the “Class D Notes” and together with the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class B Notes and the Class C Notes, the “Publicly Offered Notes”), $33,240,000 Class E 0.00% Asset Backed Notes (the “Class E Notes”), and an Asset Backed Certificate (the “Certificate”), on August 11, 2016 (the “Closing Date”). The Publicly Offered Notes will be registered under the Registration Statement filed by the Registrant and AFS SenSub Corp. with the Securities and Exchange Commission under the file number 333-206924.

As of July 5, 2016 (the “Statistical Calculation Date”), the Receivables had the characteristics described in the Prospectus, dated August 2, 2016 (the “Prospectus”), and filed with the Commission pursuant to Rule 424(b)(5) of the Act on August 4, 2016. As of August 3, 2016 (the “Cutoff Date”), the Receivables had the characteristics set forth in Exhibit 99.1.

Item 9.01. Financial Statements, Pro Forma Financial Information and Exhibits.

(a) Not applicable

(b) Not applicable

(c) Not applicable

(d) Exhibits:

99.1 Statistical information for the receivables as of the Cutoff Date.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2016-3
By:	AmeriCredit Financial Services, Inc., as Servicer
By:	/s/ Frank E. Brown III
Name:	Frank E. Brown III
Title:	Senior Vice President, Corporate Counsel and Secretary

Dated: August 9, 2016

3

EXHIBIT INDEX

Exhibit No.	Description
99.1	Statistical information for the receivables as of the Cutoff Date.

4

EX-99.1

Exhibit 99.1

AmeriCredit Automobile Receivables Trust 2016-3

Final Pool as of the Cutoff Date

8/3/2016

Composition of the Auto Loan Contracts

as of the Cutoff Date

	New			Used			Total
Aggregate Principal Balance (1)	$	803,408,776.80		$	611,173,206.34		$	1,414,581,983.14
Number of Automobile Loan Contracts		30,524			34,174			64,698
Percent of Aggregate Principal Balance		56.79	%		43.21	%		100.00	%
Average Principal Balance	$	26,320.56		$	17,884.16		$	21,864.39
Range of Principal Balances	($	272.99 to $84,904.05	)	($	258.89 to $83,074.51	)	($	258.89 to $84,904.05	)
Weighted Average APR (1)		10.09	%		14.04	%		11.80	%
Range of APRs		(2.50% to 26.00%	)		(2.60% to 28.99%	)		(2.50% to 28.99%	)
Weighted Average Remaining Term		67			65			66
Range of Remaining Terms		(3 to 75 months	)		(3 to 74 months	)		(3 to 75 months	)
Weighted Average Original Term		72			70			71
Range of Original Terms		(24 to 75 months	)		(24 to 75 months	)		(24 to 75 months	)

(1) Aggregate Principal Balance includes some portion of accrued interest. As a result, the Weighted Average APR of the automobile loan contracts may not be equivalent to the automobile loan contracts’ aggregate yield on the Aggregate Principal Balance.

Score Distribution of the Automobile Loan Contracts

as of the Cutoff Date

	Custom Score (1)		% of Aggregate Principal Balance (2)			Credit Bureau Score (3)		% of Aggregate Principal Balance (2)
		Less than 215		11.06	%
		215-224		10.81	%		Less than 540		22.27	%
		225-244		31.14	%		540-599		44.68	%
		245-259		21.81	%		600-659		30.32	%
		260 and greater		25.18	%		660 and greater		2.73	%
Weighted Average Score		245					577

(1) Proprietary credit score developed and utilized by the sponsor to support the credit approval and pricing process. The scale of the proprietary score is not comparable to a credit bureau score. A custom score may not be available for a small portion of accounts originated under discontinued origination platforms and those accounts will not be included in the Custom Score table above. Since these accounts are not included in the percentages above, the Aggregate Principal Balance of the accounts based on the custom score may be less than the total pool.

(2) Percentages may not add to 100% because of rounding.

(3) A statistically based score (sometimes referred to as FICO score) generated by credit reporting agencies. The sponsor utilizes TransUnion, Equifax or Experian credit reports depending on the location of the obligor. Credit Bureau Scores are unavailable for some accounts and those accounts are not included in the Credit Bureau Score table above. Since these accounts are not included in the percentages above, the Aggregate Principal Balance of the accounts based on Credit Bureau Score may be less than the total pool.

AmeriCredit Automobile Receivables Trust 2016-3

Final Pool as of the Cutoff Date

8/3/2016

Distribution of the Automobile Loan Contracts by APR

as of the Cutoff Date

Distribution by APR	Aggregate Principal Balance (1)		% of Aggregate Principal Balance (2)			Number of Automobile Loan Contracts		% of Total Number of Automobile Loan Contracts (2)
2.000% to 2.999%		2,832,665.60		0.20	%		107		0.17	%
3.000% to 3.999%		14,951,973.42		1.06	%		575		0.89	%
4.000% to 4.999%		23,233,761.41		1.64	%		842		1.30	%
5.000% to 5.999%		51,371,348.02		3.63	%		1,745		2.70	%
6.000% to 6.999%		121,384,882.24		8.58	%		4,106		6.35	%
7.000% to 7.999%		143,514,174.57		10.15	%		4,982		7.70	%
8.000% to 8.999%		108,482,114.91		7.67	%		4,157		6.43	%
9.000% to 9.999%		122,598,320.86		8.67	%		5,138		7.94	%
10.000% to 10.999%		107,646,897.08		7.61	%		4,578		7.08	%
11.000% to 11.999%		106,135,163.69		7.50	%		5,063		7.83	%
12.000% to 12.999%		101,641,891.16		7.19	%		4,814		7.44	%
13.000% to 13.999%		84,628,146.53		5.98	%		4,225		6.53	%
14.000% to 14.999%		91,069,683.95		6.44	%		4,643		7.18	%
15.000% to 15.999%		71,971,433.64		5.09	%		3,888		6.01	%
16.000% to 16.999%		66,897,356.80		4.73	%		3,746		5.79	%
17.000% to 17.999%		60,820,880.51		4.30	%		3,454		5.34	%
18.000% to 18.999%		57,408,287.87		4.06	%		3,401		5.26	%
19.000% to 19.999%		28,367,054.63		2.01	%		1,792		2.77	%
20.000% to 20.999%		21,871,383.14		1.55	%		1,451		2.24	%
21.000% to 21.999%		12,609,313.10		0.89	%		893		1.38	%
22.000% to 22.999%		6,310,842.40		0.45	%		442		0.68	%
23.000% to 23.999%		5,325,111.68		0.38	%		377		0.58	%
24.000% to 24.999%		2,652,487.09		0.19	%		206		0.32	%
25.000% to 25.999%		468,119.91		0.03	%		39		0.06	%
26.000% to 26.999%		307,836.01		0.02	%		27		0.04	%
27.000% to 27.999%		23,473.98		0.00	%		2		0.00	%
28.000% to 28.999%		57,378.94		0.00	%		5		0.01	%
TOTAL	$	1,414,581,983.14		100.00	%		64,698		100.00	%

(1) Aggregate Principal Balances include some portion of accrued interest. Indicated APRs represent APRs on principal balance net of such accrued interest.

(2) Percentages may not add to 100% because of rounding.

AmeriCredit Automobile Receivables Trust 2016-3

Final Pool as of the Cutoff Date

8/3/2016

Distribution of the Automobile Loan Contracts by Geographic Location

of Obligor as of the Cutoff Date

Geographic Location	Aggregate Principal Balance (1)		% of Aggregate Principal Balance (2)			Number of Automobile Loan Contracts		% of Total Number of Automobile Loan Contracts (2)
Alabama	$	26,317,088.04		1.86	%		1,160		1.79	%
Alaska		2,325,520.11		0.16	%		106		0.16	%
Arizona		30,810,604.11		2.18	%		1,333		2.06	%
Arkansas		19,389,872.15		1.37	%		833		1.29	%
California		98,837,300.47		6.99	%		4,585		7.09	%
Colorado		20,198,483.44		1.43	%		935		1.45	%
Connecticut		8,995,404.58		0.64	%		481		0.74	%
Delaware		4,914,485.24		0.35	%		244		0.38	%
District of Columbia		3,565,324.38		0.25	%		162		0.25	%
Florida		102,881,127.44		7.27	%		4,924		7.61	%
Georgia		65,469,274.07		4.63	%		2,757		4.26	%
Hawaii		3,982,014.60		0.28	%		188		0.29	%
Idaho		2,003,632.81		0.14	%		95		0.15	%
Illinois		52,307,466.08		3.70	%		2,502		3.87	%
Indiana		27,303,343.06		1.93	%		1,412		2.18	%
Iowa		6,308,830.55		0.45	%		328		0.51	%
Kansas		7,162,034.88		0.51	%		327		0.51	%
Kentucky		23,129,440.17		1.64	%		1,134		1.75	%
Louisiana		44,347,081.82		3.13	%		1,794		2.77	%
Maine		4,412,260.63		0.31	%		244		0.38	%
Maryland		37,862,369.92		2.68	%		1,707		2.64	%
Massachusetts		18,908,679.64		1.34	%		1,016		1.57	%
Michigan		22,926,792.22		1.62	%		1,290		1.99	%
Minnesota		9,945,571.87		0.70	%		519		0.80	%
Mississippi		23,180,234.13		1.64	%		980		1.51	%
Missouri		28,057,254.37		1.98	%		1,340		2.07	%
Montana		3,664,326.79		0.26	%		156		0.24	%
Nebraska		4,584,669.19		0.32	%		231		0.36	%
Nevada		11,538,470.10		0.82	%		476		0.74	%
New Hampshire		4,466,096.33		0.32	%		238		0.37	%
New Jersey		23,871,982.44		1.69	%		1,242		1.92	%
New Mexico		21,240,081.35		1.50	%		893		1.38	%
New York		44,646,888.06		3.16	%		2,216		3.43	%
North Carolina		42,156,864.43		2.98	%		1,904		2.94	%
North Dakota		1,482,548.57		0.10	%		65		0.10	%
Ohio		46,921,312.51		3.32	%		2,576		3.98	%
Oklahoma		28,618,081.80		2.02	%		1,217		1.88	%
Oregon		6,774,842.91		0.48	%		361		0.56	%
Pennsylvania		53,094,415.98		3.75	%		2,839		4.39	%
Rhode Island		2,318,665.40		0.16	%		128		0.20	%
South Carolina		24,328,413.56		1.72	%		1,097		1.70	%
South Dakota		1,424,842.36		0.10	%		78		0.12	%
Tennessee		35,126,828.35		2.48	%		1,600		2.47	%
Texas		279,018,153.94		19.72	%		11,041		17.07	%
Utah		5,347,613.61		0.38	%		231		0.36	%
Vermont		2,436,467.33		0.17	%		117		0.18	%
Virginia		26,924,254.10		1.90	%		1,245		1.92	%
Washington		14,588,696.49		1.03	%		703		1.09	%
West Virginia		16,337,485.36		1.15	%		726		1.12	%
Wisconsin		14,742,683.92		1.04	%		783		1.21	%
Wyoming		2,501,218.38		0.18	%		97		0.15	%
Other (3)		884,589.10		0.06	%		42		0.06	%
TOTAL	$	1,414,581,983.14		100.00	%		64,698		100.00	%

(1) Aggregate Principal Balances include some portion of accrued interest.

(2) Percentages may not add to 100% because of rounding.

(3) States and Territories with Aggregate Principal Balances less than $1,000,000 each.

AmeriCredit Automobile Receivables Trust 2016-3

Final Pool as of the Cutoff Date

8/3/2016

Distribution of the Automobile Loan Contracts by Wholesale LTV

as of the Cutoff Date

	Wholesale LTV (1) Range			% of Aggregate Principal Balance (2)(3)
		Less than 100	%		29.66	%
		100-109			22.71	%
		110-119			22.18	%
		120-129			17.00	%
		130-139			7.33	%
		140-149			1.01	%
		150 and greater			0.10	%
Weighted Average Wholesale LTV		108	%

(1) Wholesale LTV is calculated using the total amount financed, which may include taxes, title fees and ancillary products over the wholesale auction value of the financed vehicle at the time the vehicle is financed. The vehicle value at origination is determined by using NADA or “Kelley Blue Book Trade-in” prices for used vehicles or dealer invoice/dealer wholesale price for new vehicles.

(2) Wholesale LTV was not available or could not be calculated on certain accounts and these accounts are not included in the table above. Since these accounts are not included in the Wholesale LTV table, the Aggregate Principal Balance may be less than the total pool.

(3) Percentages may not add up to 100% because of rounding.

AmeriCredit Automobile Receivables Trust 2016-3

Final Pool as of the Cutoff Date

8/3/2016

Distribution of the Automobile Loan Contracts by Original Term

as of the Cutoff Date

Original Term to Scheduled Maturity	Aggregate Principal Balance (1)		% of Aggregate Principal Balance (2)			Number of Automobile Loan Contracts		% of Total Number of Automobile Loan Contracts (2)
1 - 24 months	$	138,028.11		0.01	%		15		0.02	%
25 - 36 months		1,749,104.87		0.12	%		185		0.29	%
37 - 48 months		8,327,667.97		0.59	%		691		1.07	%
49 - 60 months		82,186,722.79		5.81	%		5,662		8.75	%
61 - 72 months		1,276,793,796.85		90.26	%		56,720		87.67	%
73 - 75 months		45,386,662.55		3.21	%		1,425		2.20	%
TOTAL	$	1,414,581,983.14		100.00	%		64,698		100.00	%

(1) Aggregate Principal Balances include some portion of accrued interest.

(2) Percentages may not add to 100% because of rounding.

AmeriCredit Automobile Receivables Trust 2016-3

Final Pool as of the Cutoff Date

8/3/2016

Distribution of the Automobile Loan Contracts by Vehicle Make

as of the Cutoff Date

Vehicle Make	Aggregate Principal Balance (1)		% of Aggregate Principal Balance (2)			Number of Automobile Loan Contracts		% of Total Number of Automobile Loan Contracts (2)
Buick (3)	$	44,531,149.14		3.15	%		1,919		2.97	%
Cadillac (3)		40,812,875.86		2.89	%		1,371		2.12	%
Chevrolet (3)		625,074,166.08		44.19	%		25,716		39.75	%
Chrysler		29,271,419.75		2.07	%		1,646		2.54	%
Dodge		79,862,561.43		5.65	%		3,899		6.03	%
Ford		92,788,214.85		6.56	%		4,717		7.29	%
GMC (3)		101,855,032.35		7.20	%		3,278		5.07	%
Honda		27,063,711.45		1.91	%		1,524		2.36	%
Hyundai		45,522,264.67		3.22	%		2,763		4.27	%
Jeep		43,798,588.99		3.10	%		2,051		3.17	%
Kia		57,338,955.55		4.05	%		3,260		5.04	%
Nissan		79,087,929.99		5.59	%		4,472		6.91	%
Toyota		47,241,771.70		3.34	%		2,610		4.03	%
Other (4)		100,333,341.33		7.09	%		5,472		8.46	%
Total	$	1,414,581,983.14		100.00	%		64,698		100.00	%

(1) Aggregate Principal Balances include some portion of accrued interest.

(2) Percentages may not add to 100% because of rounding.

(3) The total Aggregate Principal Balance of all new GM vehicles is $594,045,891.88, or approximately 42% of the total pool. The total Aggregate Principal Balance of all new GM vehicles originated under subvention programs accounts for approximately 30% of the total pool.

(4) Aggregate Principal Balance of less than 1% of Total Aggregate Principal Balance per vehicle make.

Distribution of the Automobile Loan Contracts by Vehicle Segment

as of the Cutoff Date

Vehicle Segment (1)	Aggregate Principal Balance (2)		% of Aggregate Principal Balance (3)			Number of Automobile Loan Contracts		% of Total Number of Automobile Loan Contracts (3)
Full-Size Car	$	4,750,481.76		0.34	%		195		0.30	%
Full-Size Van/Truck		276,110,357.50		19.52	%		8,744		13.52	%
Full-Size SUV		94,287,270.69		6.67	%		2,778		4.29	%
Mid-Size Car		335,823,221.88		23.74	%		17,142		26.50	%
Mid-Size SUV		305,816,305.49		21.62	%		14,351		22.18	%
Economy/Compact Car		250,937,786.94		17.74	%		14,940		23.09	%
Compact Van/Truck		45,152,436.58		3.19	%		2,185		3.38	%
Sports Car		99,030,035.00		7.00	%		4,246		6.56	%
Segment Unavailable (4)		2,674,087.30		0.19	%		117		0.18	%
Total	$	1,414,581,983.14		100.00	%		64,698		100.00	%

(1) Categories reflect consolidated categories based on J.D. Power defined segments.

(2) Aggregate Principal Balances include some portion of accrued interest.

(3) Percentages may not add up to 100% because of rounding.

(4) Vehicle segmentation was not available for certain accounts at the time the pool was selected.

AmeriCredit Automobile Receivables Trust 2016-3

Final Pool as of the Cutoff Date

8/3/2016

Historical Delinquency Experience of the Automobile Loan Contracts

as of the Cutoff Date

Number of Times Ever 31 to 60 Days Delinquent	Aggregate Principal Balance (1)		% of Aggregate Principal Balance (2)			Number of Automobile Loan Contracts		% of Total Number of Automobile Loan Contracts (2)
0	$	1,285,625,550.93		90.88	%		55,836		86.30	%
1		56,528,735.25		4.00	%		2,675		4.13	%
2+		72,427,696.96		5.12	%		6,187		9.56	%
Total	$	1,414,581,983.14		100.00	%		64,698		100.00	%

(1) Aggregate Principal Balances include some portion of accrued interest.

(2) Percentages may not add to 100% because of rounding.

Number of Times Ever 61 to 90 Days Delinquent	Aggregate Principal Balance (1)		% of Aggregate Principal Balance (2)			Number of Automobile Loan Contracts		% of Total Number of Automobile Loan Contracts (2)
0	$	1,372,374,700.00		97.02	%		61,060		94.38	%
1		14,479,428.62		1.02	%		1,075		1.66	%
2+		27,727,854.52		1.96	%		2,563		3.96	%
Total	$	1,414,581,983.14		100.00	%		64,698		100.00	%

(1) Aggregate Principal Balances include some portion of accrued interest.

(2) Percentages may not add to 100% because of rounding.

Number of Times Ever Greater Than 90 Days Delinquent	Aggregate Principal Balance (1)		% of Aggregate Principal Balance (2)			Number of Automobile Loan Contracts		% of Total Number of Automobile Loan Contracts (2)
0	$	1,407,639,803.53		99.51	%		64,012		98.94	%
1		4,214,420.67		0.30	%		433		0.67	%
2+		2,727,758.94		0.19	%		253		0.39	%
Total	$	1,414,581,983.14		100.00	%		64,698		100.00	%

(1) Aggregate Principal Balances include some portion of accrued interest.

(2) Percentages may not add to 100% because of rounding.