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

Does Credit Acceptance Corporation charge an origination fee?

Yes, Credit Acceptance Corporation may charge 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 fees?

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

What do you need to qualify for a loan with Credit Acceptance Corporation?

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

To qualify, applicants may need to 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) an auto loan application within 48 hours and fund the loan within 7 business days of approval.

  • Max Loan Term (Months)
  • Institution Type
    Other Institution
  • Credit Score Range
    300 - 700
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
  • 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
  • Approval Speed (Hours)
  • Funding Time Range (in days)
    1 - 7
  • Joint Loans Available
  • Payment Options
    • Automatic Payments
    • Check by mail
    • Credit/Debit Card
    • Storefront
  • Loan Amount
    $5000 - $50000
  • APR
    Starting at 8%
"Actual finance terms may be different and will depend on many factors, including your credit worthiness."
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