Business Description
Credit Acceptance Corporation helps car dealerships across the United States by providing them with financing solutions that make it easier to sell vehicles to a wide range of customers. The company either advances funds to dealers against consumer loan contracts or purchases those loans outright, then collects repayments directly from borrowers. It also provides vehicle service contract coverage to protect consumers who finance their cars through participating dealerships. Founded in 1972 and based in Southfield, Michigan, the company works with both independent and franchise auto dealers nationwide.
