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Credit Acceptance Corp
Credit Acceptance provides vehicle-financing programs through automobile dealers, with most assigned consumer loans made to borrowers with impaired or…
Overview
Credit Acceptance provides vehicle-financing programs through automobile dealers, with most assigned consumer loans made to borrowers with impaired or limited credit histories. Dealers originate the retail installment contracts and assign them to the company, which administers, services and collects the loans. Under its Portfolio Program, it advances money to dealers in exchange for servicing rights; under its Purchase Program, it buys the consumer loans and retains collections.
Company overview
- Legal name
- CREDIT ACCEPTANCE CORP
- Classification
- Public company
- SEC CIK
- 0000885550
- Website
- creditacceptance.com
Financials
Annual figures as originally reported. Currency is shown for each fiscal year; B means billion and M means million.
| Fiscal year | Period end | Revenue | Net income | Total assets | Cash and equivalents | Operating cash flow |
|---|---|---|---|---|---|---|
| FY2025USD | $2.3B | $423.9M | $8.6B | $22.8M | $1.1B |
FY2025. Net income: shown as originally filed; later filings report different values for the same periods.
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