Credit Acceptance Corporation is based in Southfield, MI. It was founded in 1972 and offers auto loans in 50 states (and Washington, DC).
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.
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.
Yes, Credit Acceptance Corporation charges a loan origination fee .
Yes, Credit Acceptance Corporation charges borrowers with a late payment penatly fee.
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.
Credit Acceptance Corporation requires borrowers to have a credit score of at least 300 to apply.
To qualify, applicants must provide the following documentation:
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
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