Summary of AFS SENSUB CORP.

Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Item 1.01 Entry into a Material Definitive Agreement

Description of the Securities and the Auto Loans

The Registrant, as Depositor, and AmeriCredit Financial Services, Inc., as Sponsor ("AmeriCredit"), plan to cause AmeriCredit Prime Automobile Receivables Trust 2009-1 (the "Trust"), a newly formed issuing entity, to issue $58,000,000 Class A-1 0.33063% Asset Backed Notes (the "Class A-1 Notes"), $67,000,000 Class A-2 1.40% Asset Backed Notes (the "Class A-2 Notes"), $48,000,000 Class A-3 2.21% Asset Backed Notes (the "Class A-3 Notes"), $28,726,000 Class A-4 2.90% Asset Backed Notes (the "Class A-4 Notes"), $13,988,000 Class B 3.76% Asset Backed Notes and $11,779,000 Class C 4.99% Asset Backed Notes (collectively, the "Notes") and an Asset Backed Certificate, on November 10, 2009. The 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 333-140931.

The Notes, which evidence indebtedness of the Trust, the assets of which consist primarily of retail installment sales contracts secured by new and used automobiles, light duty trucks and vans financed thereby, will be sold to J.P. Morgan Securities Inc., RBS Securities Inc. and Wells Fargo Securities, LLC (the "Underwriters"), pursuant to an Underwriting Agreement attached hereto as Exhibit 1.1, dated as of October 30, 2009 (the "Underwriting Agreement"), among AmeriCredit, AFS SenSub Corp. (or the Registrant) and the Underwriters. This Current Report on Form 8-K is being filed in connection with the execution of the Underwriting Agreement to satisfy an undertaking to file copies of certain agreements executed in connection with the issuance of the Notes. A form of the Underwriting Agreement was filed as an Exhibit to the Registration Statement.

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

(a) Not applicable

(b) Not applicable

(d) Exhibits:

1.1 Underwriting Agreement, dated as of October 30, 2009, among AmeriCredit, as Sponsor, AFS SenSub Corp., as Seller, J.P. Morgan Securities Inc., as Underwriter, RBS Securities Inc., as Underwriter, and Wells Fargo Securities, LLC, as Underwriter.