Credit Acceptance Corporation

Auto lender financing used cars for buyers through car dealers

What Credit Acceptance does

Credit Acceptance helps car dealers offer financing to their customers across the United States. It either advances money to dealers in exchange for the right to service the car loans, or buys the loans outright. It also reinsures vehicle service contracts that dealers sell on cars it finances.

How Credit Acceptance makes money

It earns money from payments on consumer car loans, either by collecting on loans it services after advancing funds to dealers or by keeping collections on loans it buys outright. It also makes money by reinsuring vehicle service contracts.

Products & services

• Dealer advance financing program
• Consumer auto loan purchase program
• Auto loan servicing and collections
• Vehicle service contract reinsurance