Credit Acceptance Corporation provides vehicle financing that lets over 15,000 US dealers approve customers with bad or no credit, and has assisted more than 4 million buyers.
Credit Acceptance Corporation provides vehicle financing that allows a nationwide network of automobile dealers to approve every customer, including those with bad or no credit histories. The company works in consumer auto financing, credit risk underwriting and subprime lending, extending credit to borrowers who would otherwise struggle to obtain it. It has been in business for more than 50 years and operates throughout the United States.
Its dealer financing programmes, founded by a dealer for dealers, are used by over 15,000 participating dealers, who can approve any customer seeking to finance a vehicle. On the consumer side, the company has assisted more than 4 million customers with limited or impaired credit to achieve vehicle ownership. Its work sits at the intersection of automotive finance, consumer lending and the automotive dealership sector.
Internally, Credit Acceptance is organised around what it calls its PRIDE values - Positive, Respectful, Insightful, Direct and Earnest - which were drawn up by team members to describe what they value in their colleagues. The company emphasises work-life balance and a casual working environment, and has appeared on Fortune's "100 Best Companies to Work For" list for 11 consecutive years.
