Credit Acceptance Corporation is an auto finance company that provides specialized financing programs enabling automobile dealers to sell vehicles to consumers regardless of credit history. It operates through a nationwide network of independent and franchised dealers, offering two primary programs: the Portfolio Program, where it advances money to dealers in exchange for the right to service underlying consumer loans, and the Purchase Program, where it buys consumer loans outright from dealers and retains collections. The company also reinsures coverage under vehicle service contracts sold by dealers on financed vehicles. Targeting subprime and non-prime borrowers, Credit Acceptance Corporation plays a key role in expanding access to auto financing in the U.S. consumer finance sector, supporting dealers in moving inventory while managing loan servicing and collections. Founded in 1972 and headquartered in Southfield, Michigan, it focuses on dealer-partner relationships and loan portfolio management within the finance and rental/leasing industry.