Where does Credit Acceptance Corporation do business?

Credit Acceptance Corporation is based in Southfield, MI. It was founded in 1972 and offers auto loans in 50 states (and Washington, DC).

What APR does Credit Acceptance Corporation offer on its auto loans?

Credit Acceptance Corporation offers auto loans with APRs starting at 8% .Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccuate information in your credit history with these credit monitoring tools.

What is the maximum loan term for a Credit Acceptance Corporation auto loan?

Credit Acceptance Corporation offers auto loans with terms of up to 60 months. Lenders that offer longer terms can offer larger loan amounts and lower monthly payments. However, remember that the longer the term of your loan, the more interest you will pay. 

Does Credit Acceptance Corporation charge an origination fee?

Yes, Credit Acceptance Corporation charges a loan origination fee .

Does Credit Acceptance Corporation charge a late fee?

Yes, Credit Acceptance Corporation charges borrowers with a late payment penatly fee.

Does Credit Acceptance Corporation charge prepayment penalties?

Yes, Credit Acceptance Corporation does charge borrowers a penalty fee if they pay their loans early. Consider prepayment penalty fees when you choose a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.

What is Credit Acceptance Corporation’s eligibility criteria?

Credit Acceptance Corporation requires borrowers to have a credit score of at least 300 to apply.

To qualify, applicants must provide the following documentation:

  • Driver's license
  • Proof of citizenship or residence permit
  • Recent pay stubs

What is the estimated funding time for an auto loan via Credit Acceptance Corporation?

Credit Acceptance Corporation will typically approve (or deny) a loan application within 48 hours and fund auto loans within 1 and 7 days of approval

  • Payment Options
    • Automatic Payments
    • Check by mail
    • Credit/Debit Card
    • Storefront
  • Max Loan Term (Months)
  • Credit Score Range
    300 - 700
  • Immigration Status Considered
    U.S. Permanent Resident
  • Joint Loan Applications Accepted
  • Military Status
    • Active Duty Military
    • Non-Military
  • Minimum Age
  • Verification Documents Required?
    • Recent pay stubs
    • Driver license (or other photo ID)
    • Proof of citizenship/residence
  • Institution Type
  • APR
    Starting at 8%
  • Approval Speed (Hours)
  • Funding Time Range (in days)
    1 - 7
  • Joint Loans Available
  • Loan Amount
    $5000 - $50000
"Actual finance terms may be different and will depend on many factors, including your credit worthiness."
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