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Last Updated: 04/18/2025

Credit Acceptance Corporation Auto Loan

in Auto Loans from Credit Acceptance Corporation

Last Updated: 04/18/2025

Credit Acceptance Corporation Auto Loan logo
Strongly not recommended18 total votes
3 users recommend
15 users don't recommend
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Highlights

Community Rating

Strongly not recommended

Amount Range

$5,000 - $50,000
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APR

Starting at 8%(Verified 06/21/2024)
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Credit Score Range

300 - 700
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Loan Term (Months)

Up to 60

Number of Reviews

18
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Credit Acceptance Corporation Auto Loan Review

Credit Acceptance Corporation Auto Loan is offered by Credit Acceptance Corporation, a financial services company founded in 1972 and based in Southfield, MI. Credit acceptance are available in 50 states and Washington, DC.

Credit acceptance FAQ

How much can you borrow via Credit acceptance?

Credit acceptance loan amounts start at $5,000 and go up to $50,000.

What APR does Credit acceptance offer on its car loans?

Credit acceptance offers an car loan product that ranges from 8% APR.
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 inaccurate information in your credit history with these credit monitoring tools.

What is the maximum auto loan term you can get with Credit acceptance?

Credit acceptance has car loans with a maximum term of 60 months. Having the option of longer terms allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your car loan, the more interest you will pay.

Does Credit acceptance charge an origination fee?

Yes, Credit acceptance may charge a loan origination fee .

Does Credit acceptance charge a late fee?

Yes, Credit acceptance charges borrowers with a late payment penatly fee

Does Credit acceptance charge prepayment fees?

Yes, Credit acceptance 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.

Can I pay off early my Credit acceptance loan?

Yes, you can. However, Credit acceptance charges a prepayment fee if you pay your car loan early. This fee could reduce or eliminate the savings from paying the car loan early.

What do you need to qualify for Credit Acceptance Corporation Auto Loan?

The minimum age to be eligible is 18 or the state minimum, whichever is higher.
Credit Acceptance Corporation Auto Loan does not have or does not disclose a minimum annual income eligibility requirement.
To qualify, applicants may need to provide the following documentation:
  • Recent pay stubs
  • Driver's license or other government photo ID
  • Proof of citizenship or residence permit

What is the estimated funding time for a car loan via Credit acceptance?

Credit acceptance will typically fund the car loan within 7 business days of approval.

Does Credit Acceptance Corporation perform a hard credit pull?

Yes, Credit acceptance performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.

Is Credit Acceptance Corporation a legit company?

Credit Acceptance Corporation was founded in 1972, it is a well-established company that has been in business for 54 years. Credit Acceptance Corporation Auto Loan is strongly not recommended by SuperMoney community users.

Credit Acceptance Corporation Auto Loan Disclosure: "Actual finance terms may be different and will depend on many factors, including your credit worthiness."

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Credit Acceptance Corporation Auto Loan logo

Message from Credit acceptance

Many car buyers with bad credit or no credit have difficulty getting approved for auto financing.  Credit Acceptance offers indirect subprime auto finance programs that give dealers the ability to say 'Yes' to every customer regardless of credit history. The Purchase Program provides a higher upfront advance than the Portfolio Program. Dealers may opt to use this program when a higher advance is desired at time of funding, or in environments with more traditional pay plans. Fill out our form to connect with a Market Area Manager in your area and learn about program availability.

Contact

Headquarters

25505 West 12 Mile Road, Suite 3000
Southfield, MI 48034
(800) 729-7633
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