Q:

What car dealerships use Credit Acceptance Corporation?

A:

Quick Answer

Consumers seeking dealers that participate in the Credit Acceptance auto financing program can find one by completing a short application on the lender's official website. The applicant is then provided with the contact information of several local auto dealers that participate in the program.

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Full Answer

The Credit Acceptance financing program's official website allows consumers to find participating dealers in their areas by entering their names and contact information into a short application form. Consumers can then allow the company to provide their contact information to up to three local dealers so that they may contact them to discuss financing options or view a list of auto dealers they can contact to apply for financing.

Credit Acceptance Corporation was founded in 1972 by Don Foss, an independent auto dealer. As of 2015, Credit Acceptance auto financing is used by auto dealers across the U.S. The credit company specializes in providing auto credit to consumers with poor credit scores who are generally refused credit by traditional finance companies. The company's business model is designed to enable these consumers to pay off financed vehicles while improving their credit scores by making on-time payments. Credit approval through the lending company generally takes minutes to receive.

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