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Presale: AmeriCredit Automobile Receivables Trust 2021-2

The preliminary ratings assigned to AmeriCredit Automobile Receivables Trust 2021-2's (AMCAR 2021-2's) automobile receivables-backed notes series 2021-2 reflect: The availability of approximately 40.3%, 35.2%, 28.3%, and 21.7% credit support for the class A (classes A-1, A-2, and A-3), B, C, and D notes, respectively, based on stressed cash flow scenarios, including excess spread. This provides coverage of approximately 3.4x, 3.1x, 2.4x, and 1.8x our 10.75%-11.25% expected cumulative net loss range for the class A, B, C, and D notes, respectively. These credit support levels are commensurate with the assigned preliminary 'A-1+ (sf)' rating for the class A-1 notes and 'AAA (sf)', 'AA+ (sf)', 'A+ (sf)', and 'BBB (sf)' ratings on the class A, B, C, and D notes, respectively (see

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