--------------------------------------------------------------------------------

                       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)
                                November 21, 1996

                 AmeriCredit Automobile Receivables Trust 1996-D
                 -----------------------------------------------
             (Exact name of registrant as specified in its charter)

       United States               33-98620              88-0359494
----------------------------    --------------      -------------------
(State or Other Jurisdiction     (Commission        (I.R.S. Employer
     of Incorporation)           File Number)       Identification No.)

c/o AmeriCredit Financial                         76107
    Services, Inc.                              ----------
Attention: Chris A. Choate                      (Zip Code)
  200 Bailey Avenue             
  Fort Worth, Texas
--------------------------
  (Address of Principal
    Executive Offices)

      Registrant's telephone number, including area code (817) 882-7000
                                                         --------------

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

________________________________________________________________________________


<PAGE>

Item 2.  Acquisition or Disposition of Assets

Description of the Securities and the Auto Loans

      AmeriCredit Financial Services, Inc., as Sponsor, has registered an
issuance of $500,000,000 in principal amount of Securities (the "Securities") on
Form S-3. Pursuant to the Registration Statement, AmeriCredit Automobile
Receivables Trust 1996-D (the "Trust") issued $57,500,000 Class A-1 5.425% Money
Market Asset Backed Notes, $77,000,000 Class A-2 Floating Rate Asset Backed
Notes, $58,500,000 Class A-3 6.10% Asset Backed Notes (collectively, the
"Notes") and $7,000,000 6.30% Asset Backed Certificates (the "Certificates,"
together with the "Notes," the "Securities"), on November 21, 1996. This Current
Report on Form 8-K is being filed to satisfy an undertaking to file copies of
certain agreements executed in connection with the issuance of the Securities,
the forms of which were filed as Exhibits to the Registration Statement.

      The Notes were issued pursuant to an Indenture attached hereto as Exhibit
4.1, dated as of November 1, 1996, between the Trust and LaSalle National Bank,
as Trustee and Trust Collateral Agent (the "Trustee" and the "Trust Collateral
Agent").

      The Certificates were issued pursuant to a Trust Agreement attached hereto
as Exhibit 4.2, dated as of November 1, 1996, between AFS Funding Corp., as
Depositor, and Bankers Trust (Delaware), as Owner Trustee (the "Owner Trustee").

      The Securities will evidence fractional undivided ownership interests in
the Trust, the assets of which consist primarily of retail installment sales
contracts and installment loans (the "Receivables") secured by new and used
automobiles and light duty trucks financed thereby.

      As of the Closing Date, the Receivables had the characteristics described
in the Prospectus dated November 13, 1996 filed pursuant to Rule 424(b)(2) of
the Act with the Commission.


                                       2
<PAGE>

      Item  7. Financial Statements, Pro Forma Financial Information and
               Exhibits.

(a) Not applicable

(b) Not applicable

(c) Exhibits:

      1.1 Underwriting Agreement, dated November 13, 1996, among AmeriCredit
Financial Services, Inc., as Servicer, AFS Funding Corp., as Seller, and CS
First Boston Corporation, as Representative of the Underwriters.

      4.1 Indenture, dated as of November 1, 1996, between AmeriCredit
Automobile Receivables Trust 1996-D and LaSalle National Bank, as Trustee and
Trust Collateral Agent .

      4.2 Trust Agreement, dated as of November 1, 1996, between AFS Funding
Corp., as Depositor, and Bankers Trust (Delaware), as Owner Trustee.

      4.3 Sale and Servicing Agreement, dated as of November 1, 1996, among
AmeriCredit Automobile Receivables Trust 1996-D, AmeriCredit Financial Services,
Inc., as Servicer, AFS Funding Corp., as Seller, and LaSalle National Bank, as
Backup Servicer and Trust Collateral Agent.

      4.4 Note Guaranty Surety Bond, dated November 21, 1996 and delivered by
Financial Security Assurance Inc.

      4.5 Certificate Guaranty Surety Bond, dated November 21, 1996 and
delivered by Financial Security Assurance Inc.

      10.1 Purchase Agreement dated as of November 1, 1996, among AmeriCredit
Financial Services, Inc., as Seller, and AFS Funding Corp., as Purchaser.

      10.2 Indemnification Agreement, dated November 1, 1996, among Financial
Security Assurance Inc., as Insurer, AFS Funding Corp., as Seller, and C.S.
First Boston Corporation, as Representative of the Underwriters.

      23.1 Consent of Coopers & Lybrand L.L.P. regarding financial statements of
the Insurer and their report.


                                       3
<PAGE>

                                   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
                        1996-D

                        By: AmeriCredit Financial Services, Inc., as
                            Servicer


                            By:/s/ Daniel Berce
                               Name:  Daniel Berce
                               Title: Senior Vice President,
                                      Chief Financial Officer and
                                      Treasurer

Dated:  November 27, 1996


                                       4
<PAGE>

                                  EXHIBIT INDEX

Exhibit No.    Description
-----------    -----------

1.1            Underwriting Agreement, dated November 13, 1996, among
               AmeriCredit Financial Services, Inc., as Servicer, AFS Funding
               Corp., as Seller, and CS First Boston Corporation, as
               Representative of the Underwriters.

4.1            Indenture, dated as of November 1, 1996, between AmeriCredit
               Automobile Receivables Trust 1996-D and LaSalle National Bank,
               as Trustee and Trust Collateral Agent.

4.2            Trust Agreement, dated as of November 1, 1996, between AFS
               Funding Corp., as Depositor, and Bankers Trust (Delaware), as
               Owner Trustee.

4.3            Sale and Servicing Agreement, dated as of November 1, 1996,
               among AmeriCredit Automobile Receivables Trust 1996-D,
               AmeriCredit Financial Services, Inc., as Servicer, AFS Funding
               Corp., as Seller, and LaSalle National Bank, as Backup
               Servicer and Trust Collateral Agent.

4.4            Note Guaranty Surety Bond, dated November 21, 1996
               and delivered by Financial Security Assurance Inc.

4.5            Certificate Guaranty Surety Bond, dated November
               21, 1996 and delivered by Financial Security
               Assurance Inc.

10.1           Purchase Agreement dated as of November 1, 1996, among
               AmeriCredit Financial Services, Inc., as Seller, and AFS
               Funding Corp., as Purchaser.

10.2           Indemnification Agreement, dated November 1, 1996,
               among Financial Security Assurance Inc., as
               Insurer, AFS Funding Corp., as Seller, and C.S.
               First Boston Corporation, as Representative of the
               Underwriters.

23.1           Consent of Coopers & Lybrand L.L.P. regarding
               financial statements of the Insurer and their
               report.


                                       5
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--------------------------------------------------------------------------------

                       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)
                                November 21, 1996

                 AmeriCredit Automobile Receivables Trust 1996-D
                 -----------------------------------------------
             (Exact name of registrant as specified in its charter)

       United States               33-98620              88-0359494
----------------------------    --------------      -------------------
(State or Other Jurisdiction     (Commission        (I.R.S. Employer
     of Incorporation)           File Number)       Identification No.)

c/o AmeriCredit Financial                         76107
    Services, Inc.                              ----------
Attention: Chris A. Choate                      (Zip Code)
  200 Bailey Avenue             
  Fort Worth, Texas
--------------------------
  (Address of Principal
    Executive Offices)

      Registrant's telephone number, including area code (817) 882-7000
                                                         --------------

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

________________________________________________________________________________
Item 2.  Acquisition or Disposition of Assets

Description of the Securities and the Auto Loans

      AmeriCredit Financial Services, Inc., as Sponsor, has registered an
issuance of $500,000,000 in principal amount of Securities (the "Securities") on
Form S-3. Pursuant to the Registration Statement, AmeriCredit Automobile
Receivables Trust 1996-D (the "Trust") issued $57,500,000 Class A-1 5.425% Money
Market Asset Backed Notes, $77,000,000 Class A-2 Floating Rate Asset Backed
Notes, $58,500,000 Class A-3 6.10% Asset Backed Notes (collectively, the
"Notes") and $7,000,000 6.30% Asset Backed Certificates (the "Certificates,"
together with the "Notes," the "Securities"), on November 21, 1996. This Current
Report on Form 8-K is being filed to satisfy an undertaking to file copies of
certain agreements executed in connection with the issuance of the Securities,
the forms of which were filed as Exhibits to the Registration Statement.

      The Notes were issued pursuant to an Indenture attached hereto as Exhibit
4.1, dated as of November 1, 1996, between the Trust and LaSalle National Bank,
as Trustee and Trust Collateral Agent (the "Trustee" and the "Trust Collateral
Agent").

      The Certificates were issued pursuant to a Trust Agreement attached hereto
as Exhibit 4.2, dated as of November 1, 1996, between AFS Funding Corp., as
Depositor, and Bankers Trust (Delaware), as Owner Trustee (the "Owner Trustee").

      The Securities will evidence fractional undivided ownership interests in
the Trust, the assets of which consist primarily of retail installment sales
contracts and installment loans (the "Receivables") secured by new and used
automobiles and light duty trucks financed thereby.

      As of the Closing Date, the Receivables had the characteristics described
in the Prospectus dated November 13, 1996 filed pursuant to Rule 424(b)(2) of
the Act with the Commission.

                                       2
Item  7. Financial Statements, Pro Forma Financial Information and
               Exhibits.

(a) Not applicable

(b) Not applicable

(c) Exhibits:

      1.1 Underwriting Agreement, dated November 13, 1996, among AmeriCredit
Financial Services, Inc., as Servicer, AFS Funding Corp., as Seller, and CS
First Boston Corporation, as Representative of the Underwriters.

      4.1 Indenture, dated as of November 1, 1996, between AmeriCredit
Automobile Receivables Trust 1996-D and LaSalle National Bank, as Trustee and
Trust Collateral Agent .

      4.2 Trust Agreement, dated as of November 1, 1996, between AFS Funding
Corp., as Depositor, and Bankers Trust (Delaware), as Owner Trustee.

      4.3 Sale and Servicing Agreement, dated as of November 1, 1996, among
AmeriCredit Automobile Receivables Trust 1996-D, AmeriCredit Financial Services,
Inc., as Servicer, AFS Funding Corp., as Seller, and LaSalle National Bank, as
Backup Servicer and Trust Collateral Agent.

      4.4 Note Guaranty Surety Bond, dated November 21, 1996 and delivered by
Financial Security Assurance Inc.

      4.5 Certificate Guaranty Surety Bond, dated November 21, 1996 and
delivered by Financial Security Assurance Inc.

      10.1 Purchase Agreement dated as of November 1, 1996, among AmeriCredit
Financial Services, Inc., as Seller, and AFS Funding Corp., as Purchaser.

      10.2 Indemnification Agreement, dated November 1, 1996, among Financial
Security Assurance Inc., as Insurer, AFS Funding Corp., as Seller, and C.S.
First Boston Corporation, as Representative of the Underwriters.

      23.1 Consent of Coopers & Lybrand L.L.P. regarding financial statements of
the Insurer and their report.

                                       3
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
                        1996-D

                        By: AmeriCredit Financial Services, Inc., as
                            Servicer

                            By:/s/ Daniel Berce
                               Name:  Daniel Berce
                               Title: Senior Vice President,
                                      Chief Financial Officer and
                                      Treasurer

Dated:  November 27, 1996

                                       4
EXHIBIT INDEX

Exhibit No.    Description
-----------    -----------

1.1            Underwriting Agreement, dated November 13, 1996, among
               AmeriCredit Financial Services, Inc., as Servicer, AFS Funding
               Corp., as Seller, and CS First Boston Corporation, as
               Representative of the Underwriters.

4.1            Indenture, dated as of November 1, 1996, between AmeriCredit
               Automobile Receivables Trust 1996-D and LaSalle National Bank,
               as Trustee and Trust Collateral Agent.

4.2            Trust Agreement, dated as of November 1, 1996, between AFS
               Funding Corp., as Depositor, and Bankers Trust (Delaware), as
               Owner Trustee.

4.3            Sale and Servicing Agreement, dated as of November 1, 1996,
               among AmeriCredit Automobile Receivables Trust 1996-D,
               AmeriCredit Financial Services, Inc., as Servicer, AFS Funding
               Corp., as Seller, and LaSalle National Bank, as Backup
               Servicer and Trust Collateral Agent.

4.4            Note Guaranty Surety Bond, dated November 21, 1996
               and delivered by Financial Security Assurance Inc.

4.5            Certificate Guaranty Surety Bond, dated November
               21, 1996 and delivered by Financial Security
               Assurance Inc.

10.1           Purchase Agreement dated as of November 1, 1996, among
               AmeriCredit Financial Services, Inc., as Seller, and AFS
               Funding Corp., as Purchaser.

10.2           Indemnification Agreement, dated November 1, 1996,
               among Financial Security Assurance Inc., as
               Insurer, AFS Funding Corp., as Seller, and C.S.
               First Boston Corporation, as Representative of the
               Underwriters.

23.1           Consent of Coopers & Lybrand L.L.P. regarding
               financial statements of the Insurer and their
               report.

                                       5