UNITED STATES

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~~February 133, ~~2025~~2026

GM Financial Automobile Leasing Trust ~~2025~~2026-31

(Exact name of registrant as specified in its charter)

GMF Leasing LLC

(Exact name of depositor as specified in its charter)

AmeriCredit Financial Services, Inc.

(Exact name of sponsor as specified in its charter)

Delaware (State or Other Jurisdiction of Incorporation)	333-285619-03 (Commission File Number)	39-6917549 (I.R.S. Employer Identification No.)
Delaware	333-285619-04	41-6694016
c/o AmeriCredit Financial Services, Inc. Attention: Frank E. Brown III, Esq. 801 Cherry Street, Suite 3500 Fort Worth, Texas (Address of Principal Executive Offices)		76102 (Zip Code)
(State or Other Jurisdiction of Incorporation)	(Commission FileNumber)	(I.R.S. Employer IdentificationNo.)
c/o AmeriCredit Financial Services, Inc.		76102
Attention: Frank E. Brown III, Esq. 801 Cherry Street, Suite 3500 Fort Worth, Texas		(Zip Code)
(Address of Principal Executive Offices)

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))

Securities registered pursuant to Section 12(b) of the ~~Securities Exchange~~ Act ~~of 1934~~:

Title of each class Trading Symbol(s) Name of each exchange on which registered ~~None None None~~

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive Agreement.

GMF Leasing LLC, as depositor (the “Depositor”) and AmeriCredit Financial Services, Inc. d/b/a GM Financial (“GM Financial”), as sponsor, ~~have~~will ~~caused~~cause a newly formed issuing entity, GM Financial Automobile Leasing Trust ~~2025~~2026-31 (the “Issuing Entity”), to issue $~~134~~139,~~310~~860,000 Class A-1 43.~~359~~821% Asset Backed Notes (the “Class A-1 Notes”), $~~215~~352,~~600~~120,000 Class A-2-A 43.1977% Asset Backed Notes (the “Class A-2-A Notes”), $~~135~~352,~~000~~120,000 Class A-~~2-B Floating Rate Notes (the “Class A-2-B Notes”), $350,500,000 Class A-~~3 43.1788% Asset Backed Notes (the “Class A-3 Notes”), $6561,~~000~~500,000 Class A-4 43.2098% Asset Backed Notes (the “Class A-4 Notes” and, together with the Class A-1 Notes, the ~~Class A-2-A~~ ~~Notes, the~~ Class A-2-B Notes and the Class A-3 Notes, the “Class A Notes”), $49,~~190~~460,000 Class B 4.4112% Asset Backed Notes (the “Class B Notes” and collectively with the Class A Notes, the “Publicly Offered Notes”) and $45,~~330~~580,000 Class C 4.6023% Asset Backed Notes (the “Class C Notes” and, collectively with the ~~Class A Notes and the Class B Notes, the “~~Publicly Offered Notes”, or the “Notes”), and an Asset Backed Certificate (the “Certificate”), on ~~August~~February 1312, ~~2025~~2026 (the “Closing Date”). The Publicly Offered Notes will be registered under the Registration Statement filed by the Depositor with the Securities and Exchange Commission under file number 333-285619 (the “Registration Statement”). This Current Report on Form 8-K is being filed to satisfy an undertaking to file copies of certain agreements to be executed in connection with the issuance of the Publicly Offered Notes, the forms of which were filed as Exhibits to the Registration Statement.

The Notes evidence indebtedness of the Issuing Entity, the assets of which consist primarily of an exchange note, which will be backed by a designated pool of ~~car~~automobile, light ~~duty~~ truck and utility vehicle leases and the corresponding leased vehicles (the “Lease Assets”). The Publicly Offered Notes ~~were~~will be sold to ~~J.P.~~Wells ~~Morgan~~Fargo Securities, LLC (“~~J.P.~~Wells ~~Morgan~~Fargo”), Barclays Capital Inc. (“Barclays”), ~~BofA~~BNP ~~Securities,~~Paribas ~~Inc. (“BofA”), Credit Agricole~~ Securities ~~(USA) Inc~~Corp. (“~~Credit~~BNP ~~Agricole~~Paribas”), ~~Mizuho~~Morgan ~~Securities~~Stanley & ~~USA~~Co. LLC (“~~Mizuho~~Morgan Stanley” and, collectively with Wells ~~J.P. Morgan~~Fargo, Barclays, ~~BofA~~ and ~~Credit~~BNP ~~Agricole~~Paribas, the “Representatives”), ~~Citigroup~~CIBC ~~Global~~World Markets ~~Inc~~Corp. (“~~Citi~~CIBC”), ~~Goldman~~Drexel ~~Sachs &~~Hamilton, ~~Co.~~ LLC (“~~Goldman Sachs~~Drexel”), ~~Loop~~Scotia Capital ~~Markets LLC~~ (~~“Loop~~USA) ~~Capital~~Inc. ~~Markets~~(“Scotiabank”) and ~~Scotia~~TD ~~Capital~~Securities (USA) ~~Inc.~~LLC (“~~Scotiabank~~TD Securities” and, collectively with the Representatives, ~~Citi~~CIBC, ~~Goldman~~Drexel ~~Sachs~~ and ~~Loop Capital Markets~~Scotiabank, the “Underwriters”), pursuant to the Underwriting Agreement attached hereto as Exhibit 1.1, dated as of ~~August~~February 53, ~~2025~~2026 (the “Underwriting Agreement”), among GM Financial, the Depositor and the Representatives.

Item 8.01. Other Events.

The Issuing Entity was formed, and the Certificate ~~was~~will be issued, pursuant to the Trust Agreement attached hereto as ~~Exhibit~~ Exhibit 4.3, dated as of ~~June~~December 139, 2025, as amended and restated as of ~~July~~January 1, ~~2025~~2026 (the “Trust Agreement”), between the Depositor and Wilmington Trust Company, as owner trustee (the “Owner Trustee”). The Notes will be issued pursuant to the Indenture attached hereto as Exhibit 4.1, dated as of ~~July~~January 1, ~~2025~~2026 (the “Indenture”), between the Issuing Entity and Computershare Trust Company, N.A. (“Computershare”), as indenture trustee (in such capacity, the “Indenture Trustee”).

Pursuant to the ~~2025~~2026-31 Exchange Note Supplement attached hereto as Exhibit 4.5, dated as of ~~July~~January 1, ~~2025~~2026 (the “Exchange Note Supplement”), ACAR Leasing Ltd. (the “Titling Trust”), as borrower, GM Financial, as lender and as servicer (in such capacity, the “Servicer”) and Computershare, as collateral agent (in such capacity, the “Collateral Agent”) and as administrative agent (~~in such capacity,~~ the “Administrative Agent”), the Titling Trust ~~issued~~will issue an Exchange Note (the “Exchange Note”) to GM Financial on the Closing Date and will designate a designated pool of collateral

~~Exchange~~2 Note (the “Exchange Note”) to GM Financial on the Closing Date and designated a designated pool of collateral lease agreements and collateral leased vehicles (the “Designated Pool”) to support the Exchange Note.

~~Pursuant to the~~ ~~2025-3~~lease ~~Exchange~~agreements ~~Note Sale Agreement attached hereto as Exhibit 10.1, dated as of July 1, 2025 (the “Exchange Note Sale Agreement”), between GM Financial~~ and ~~the~~collateral ~~Depositor,~~leased onvehicles the Closing Date, GM Financial sold to the Depositor, and the Depositor purchased from GM Financial, all of GM Financial’s right, title and interest in, to and under the Exchange Note and the proceeds thereof without recourse. Pursuant to the 2025-3 Exchange Note Transfer Agreement attached hereto as Exhibit 10.2, dated as of July 1, 2025 (the “~~Exchange~~Designated ~~Note Transfer Agreement~~Pool”), ~~between the Depositor and the Issuing Entity, on the Closing Date the Depositor sold~~ to ~~the~~support ~~Issuing Entity and~~ the ~~Issuing Entity purchased from the Depositor, all of the Depositor’s right, title and interest in, to and under the~~ Exchange Note ~~and the proceeds thereof without recourse~~. ~~Pursuant~~ to the Indenture, on the Closing Date the Issuing Entity issued the Notes to the Depositor as partial payment for the Exchange Note and granted a security interest in the Exchange Note and all other indenture collateral to the Indenture Trustee for the benefit of the Underwriters.

Pursuant to the ~~Underwriting~~2026-1 Exchange Note Sale Agreement attached hereto as Exhibit 10.1, dated as of January 1, 2026 (the “Exchange Note Sale Agreement”), between GM Financial and the Depositor, ~~sold~~on the ~~Publicly~~Closing Date, GM Financial will sell to the Depositor, and the Depositor will purchase from GM Financial, all of GM Financial’s right, ~~Offered~~title and interest in, to and under the Exchange Note and the proceeds thereof without recourse. Pursuant to the 2026-1 Exchange Note Transfer Agreement attached hereto as Exhibit 10.2, dated as of January 1, 2026 (the “Exchange Note Transfer Agreement”), between the Depositor and the Issuing Entity, on the Closing Date the Depositor will sell to the Issuing Entity and the Issuing Entity will purchase from the Depositor, all of the Depositor’s right, title and interest in, to and under the Exchange Note and the proceeds thereof without recourse. Pursuant to the Indenture, on the Closing Date the Issuing Entity will issue the Notes to the Depositor as partial payment for the Exchange Note and will grant a security interest in the Exchange Note and all other indenture collateral to the Indenture Trustee for the benefit of the Underwriters.

GMPursuant ~~Financial, as Servicer, has agreed~~ to ~~perform servicing duties with regard to~~ the ~~Lease~~ ~~Assets~~Underwriting ~~pursuant to the 2025-3 Servicing Supplement attached hereto as Exhibit 10.4~~Agreement, ~~dated as of July 1, 2025 (~~the ~~“Servicing~~Depositor ~~Supplement”),~~will ~~among~~sell the ~~Titling~~Publicly ~~Trust,~~Offered ~~the~~Notes ~~Servicer, APGO Trust, as settlor (the “Settlor”), the Collateral Agent and the Indenture Trustee, and has also agreed~~ to ~~serve as custodian of~~ the ~~Lease Assets pursuant to the Servicing Supplement~~Underwriters.

GM Financial, as Servicer, will agree to perform servicing duties with regard to the Lease Assets pursuant to the 2026-1 Servicing Supplement attached hereto as Exhibit 10.4, dated as of January 1, 2026 (the “Servicing Supplement”), among the Titling Trust, the Servicer, APGO Trust, as settlor (the “Settlor”), the Collateral Agent and the Indenture Trustee, and will also agree to serve as custodian of the Lease Assets pursuant to the Servicing Supplement.

The Issuing Entity will engage Clayton Fixed Income Services LLC (“Clayton”) as Asset Representations Reviewer pursuant to the Asset Representations Review Agreement, attached hereto as Exhibit 10.5, dated as of January 1, 2026 (the “Asset Representations Review Agreement”), among the Issuing Entity, GM Financial, as Servicer, and Clayton, as asset representations reviewer (the “Asset Representations Reviewer”). The Asset Representations Reviewer will agree to perform reviews of certain Lease Assets for compliance with the representations and warranties made by GM Financial and the Depositor about the Lease Assets.

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

(a)	Not applicable.

(b)	Not applicable.

(c)	Not applicable.

(d)

Exhibits:

1.1 Underwriting Agreement, dated as of ~~August~~February 5 3, ~~2025~~2026, among GM Financial, the Depositor and the Representatives ~~(see Exhibit 1~~.~~1 to the Form 8-K filed on August 7, 2025, in connection with Registration Statement Nos. 333-285619 and 333-285619-03, which is incorporated by reference herein).~~

4.1 Indenture, dated as of ~~July~~January 1, ~~2025~~2026, between the Issuing Entity and the Indenture Trustee.

4.3 Amended and Restated Trust Agreement, dated as of July 1, 2025, between the Depositor and the Owner Trustee.

4.5 2025-3 Exchange Note Supplement, dated as of July 1, 2025, among the Titling Trust, GM Financial, as lender, the Servicer, the Collateral Agent and the Administrative Agent.

104.~~1 2025-~~3 Amended ~~Exchange~~and ~~Note~~Restated ~~Sale~~Trust Agreement, dated as ~~of July~~January 1, ~~2025~~2026, between the GMDepositor ~~Financial~~ and the ~~Depositor~~Owner Trustee.

104.~~2 2025~~5 2026-3 1 Exchange Note ~~Transfer Agreement~~Supplement, dated as of ~~July~~January 1, ~~2025~~2026, ~~between~~among the ~~Depositor~~Titling Trust, GM Financial, as lender, the Servicer, the Collateral Agent and the ~~Issuing~~Administrative ~~Entity~~Agent.

10.~~4 2025~~1 2026-31 ~~Servicing~~Exchange ~~Supplement~~Note Sale Agreement, dated as of ~~July~~January 1, ~~2025~~2026, ~~among~~between the ~~Titling~~GM ~~Trust,~~Financial ~~the Servicer, the Settlor, the Collateral Agent~~ and the ~~Indenture Trustee~~Depositor.

10.~~5 Asset~~ 2 2026-1 ~~Representations~~Exchange ~~Review~~Note Transfer Agreement, dated ~~July~~as of January 1, ~~2025~~2026, ~~among~~between the ~~Issuing~~Depositor ~~Entity, GM Financial, as Servicer,~~ and ~~Clayton,~~the asIssuing ~~Asset Representations Reviewer~~Entity.

9910.4 2026-1 ~~Administration~~ ~~Agreement~~Servicing Supplement, dated as of ~~July~~January 1, ~~2025~~2026, among the ~~Depositor~~Titling Trust, GMthe ~~Financial~~Servicer, asthe ~~administrator~~Settlor, the Collateral Agent and the Indenture Trustee.

10.5 Asset Representations Review Agreement, dated January 1, 2026, among the Issuing Entity, GM Financial, as Servicer, and Clayton, as Asset Representations Reviewer.

36.1 Depositor certification for shelf offerings of asset-backed securities.

99.1 Administration Agreement, dated as of January 1, 2026, among the Depositor, GM Financial, as administrator, and the Indenture Trustee.

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.

GM FINANCIAL AUTOMOBILE LEASING TRUST 2025-3
GM FINANCIAL AUTOMOBILE LEASING TRUST 2026-1
By:		AmeriCredit Financial Services, Inc. d/b/a GM Financial, as Servicer
By: /s/ Frank E. Brown III
By:		/s/ Frank E. Brown III
Name:		Frank E. Brown III
Title:		Senior Vice President, Corporate Counsel and Secretary

~~Dated~~Name: ~~August 14~~Frank E. Brown III Title: Senior Vice President, ~~2025~~Corporate Counsel and Secretary

Dated: February 5, 2026

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