Credit Acceptance Corporation

Credit Acceptance Corporation is a specialized finance company that provides automotive dealers with the necessary tools and resources to facilitate the sale of vehicles to consumers, primarily focusing on the subprime market. The company offers a unique financing program that enables dealerships to tap into a broader customer base, including those who might have limited or poor credit histories. By working with auto dealers, Credit Acceptance Corporation plays a critical role in the automotive finance sector, helping to navigate credit challenges and expanding opportunities for vehicle ownership. Established in 1972 and headquartered in Southfield, Michigan, the company has developed a distinct niche in the finance industry, providing services that include credit approval processing and risk management tools. Through its dealer-participation program, the corporation shares credit risks with dealers, fostering sustainable business relationships. Credit Acceptance Corporation's presence significantly impacts the subprime lending market, making it a vital player in enhancing financial accessibility for car buyers who might otherwise face significant barriers.