Company description

Credit Acceptance Corporation (CACC) is an automobile finance company that specializes in providing financing solutions to customers with limited access to traditional financing options. The company was founded in 1972 and is based in Southfield, Michigan. CACC primarily purchases retail installment contracts from dealerships across the United States and provides loans to customers with subprime credit ratings. The company has built a strong reputation for excellent customer service, and its business model focuses on building long-term relationships with its customers. Through its collaborative relationships with independent and franchise dealers, CACC has been able to support over 1.2 million customers in achieving their vehicle ownership goals. With its innovative technology and data-driven approach, the company has consistently delivered strong financial performance, increasing its revenues and net income year after year. CACC prides itself on its commitment to responsible lending practices and has been recognized for its socially responsible initiatives. The company also sponsors various programs and initiatives that support its local communities. With a dedicated and experienced team, CACC is well-positioned to continue its growth and success in the highly competitive automobile finance industry. Overall, CACC is a reputable and financially sound company that strives to provide accessible and responsible financing solutions to its customers.