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Credit Acceptance Corporation

Finance / Auto Financing Southfield, Michigan, USA ~105 employees
Founded
--
Employees (Est.)
~105
7 leaders known
Total Funding
$8.2B
Funding Rounds
21
Last Funding
2025-11-13

About Credit Acceptance Corporation

Credit Acceptance is dedicated to helping individuals finance vehicles, regardless of their credit history. For over 50 years, the company has focused on providing opportunities to over 4 million customers by enabling auto financing through a vast network of dealers, aiming to put customers in the driver’s seat and support dealers in business growth.

Products & Services

Auto Financing:Offers pre-qualification for vehicle financing regardless of credit history, connecting customers with dealers in their network for quick approvals and same-day funding.
Dealer Support Programs:Provides tools for dealers including the ability to approve up to 100% of customers, fast approvals, remote signings, and same-day funding to increase cash flow.
Financial Education Resources:Offers financial wellness resources through 'ExtraCredit by Credit Acceptance' to help customers manage their finances.

Specialties

Auto loan approvals for all credit types Dealer network support Fast financing approvals Financial education Auto loan pre-qualification Financing for bad or no credit history Quick approval processes

Funding History

Debug: View Raw Funding Data
# Type Amount Fields Date Fields Investors
1 RT: Asset-Backed Financing
T: -
FT: Asset-Backed Financing 		A: 500000000
MR: -
FA: $500.0 million
FAN: 500000000 		D: 2025-11-13
FD: 2025-11-13 		-
2 RT: Asset-backed financing
T: -
FT: Asset-backed financing 		A: 400000000
MR: -
FA: $400.0 million
FAN: 400000000 		D: 2025-03-27
FD: 2025-03-27 		-
3 RT: Asset-Backed Financing
T: -
FT: Asset-Backed Financing 		A: 400000000
MR: -
FA: $400.0 million
FAN: 400000000 		D: 2025-03-27
FD: 2025-03-27 		-
4 RT: Debt
T: -
FT: Debt 		A: 400000000
MR: -
FA: 400.0 million
FAN: 400000000 		D: 2025-03-27
FD: 2025-03-27 		-
5 RT: Senior Notes
T: -
FT: Senior Notes 		A: 500000000
MR: -
FA: $500.0 million
FAN: 500000000 		D: 2025-02-28
FD: 2025-02-28 		-
6 RT: Debt
T: -
FT: Debt 		A: 500000000
MR: -
FA: $500.0 million
FAN: 500000000 		D: 2025-02-13
FD: 2025-02-13 		-
7 RT: Senior Notes Offering
T: -
FT: Senior Notes Offering 		A: 400000000
MR: -
FA: $400.0 million
FAN: 400000000 		D: 2025-02-13
FD: 2025-02-13 		-
8 RT: Asset-Backed Secured Financing
T: -
FT: Asset-Backed Secured Financing 		A: 300000000
MR: -
FA: $300.0 million
FAN: 300000000 		D: 2024-12-20
FD: 2024-12-20 		1 investors
9 RT: Debt
T: -
FT: Debt 		A: 250000000
MR: -
FA: $250.0 million
FAN: 250000000 		D: 2024-12-05
FD: 2024-12-05 		-
10 RT: Debt
T: -
FT: Debt 		A: 500000000
MR: -
FA: 500.0 million
FAN: 500000000 		D: 2024-09-19
FD: 2024-09-19 		-
11 RT: Debt
T: -
FT: Debt 		A: 550000000
MR: -
FA: $550.0 million
FAN: 550000000 		D: 2024-06-20
FD: 2024-06-20 		-
12 RT: Debt
T: -
FT: Debt 		A: 66800000
MR: -
FA: $66.8 million
FAN: 66800000 		D: 2024-06-17
FD: 2024-06-17 		1 investors
13 RT: Debt
T: -
FT: Debt 		A: 200000000
MR: -
FA: $200.0 million
FAN: 200000000 		D: 2024-02-27
FD: 2024-02-27 		-
14 RT: Debt
T: -
FT: Debt 		A: 100000000
MR: -
FA: 100.0 million
FAN: 100000000 		D: 2024-02-16
FD: 2024-02-16 		-
15 RT: Debt
T: -
FT: Debt 		A: 600000000
MR: -
FA: 600.0 million
FAN: 600000000 		D: 2023-12-19
FD: 2023-12-19 		-
16 RT: Debt
T: -
FT: Debt 		A: 600000000
MR: -
FA: $600.0 million
FAN: 600000000 		D: 2023-12-05
FD: 2023-12-05 		-
17 RT: Debt
T: -
FT: Debt 		A: 500000000
MR: -
FA: 500.0 million
FAN: 500000000 		D: 2023-12-05
FD: 2023-12-05 		-
18 RT: Debt
T: -
FT: Debt 		A: 200000000
MR: -
FA: $200.0 million
FAN: 200000000 		D: 2023-11-30
FD: 2023-11-30 		1 investors
19 RT: Asset-Backed Financing
T: -
FT: Asset-Backed Financing 		A: 400000000
MR: -
FA: $400.0 million
FAN: 400000000 		D: 2023-08-24
FD: 2023-08-24 		-
20 RT: Asset-backed non-recourse secured financing
T: -
FT: Asset-backed non-recourse secured financing 		A: 400000000
MR: -
FA: $400.0 million
FAN: 400000000 		D: 2023-05-25
FD: 2023-05-25 		-
21 RT: Asset-Backed Financing
T: -
FT: Asset-Backed Financing 		A: 400000000
MR: -
FA: $400.0 million
FAN: 400000000 		D: 2023-03-16
FD: 2023-03-16 		-
Asset-Backed Financing Latest
2025-11-13
$500.0M
Asset-backed financing 2025-03-27
$400.0M
Asset-Backed Financing 2025-03-27
$400.0M

View 20 more funding rounds with Pro

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Growth Metrics

+45%
Employee Growth
YoY
3.2x
Funding Growth
Last Round
12
Markets
Operating
10K+
Customers
Active

View 3 more growth metrics with Pro

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Team & Leadership

L

Lauren

Credit Acceptance Customer

J

Joe

J

Joe Muscato

W

Wendy

W

Wendy Muscato

F

Floyd

View 4 more team members with Pro

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Recent News

Credit Acceptance Corporation Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Read more →

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Read more →

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Read more →

View 2 more news articles with Pro

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Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised

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Company Details

Industries
Finance / Auto Financing
Company Size
~105 employees (est.)
Locations
Southfield, Michigan, USA
Southfield, Michigan

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