Frequently Asked Questions (FAQs)
What customers do not qualify for Guaranteed Credit Approval?
Guaranteed Credit Approval is available for every customer. This provides you as the dealer, with many additional opportunities to deliver vehicles.
How long after making the sale do I receive my funding?
As the dealer, you have some control over when you’ll receive your funding. A complete contract package that meets our policy and legal requirements is necessary for funding. On average, we fund within three business days of receiving a complete contract package. Electronic funds transfer is available to make your funds available in the shortest amount of time possible.
What’s the difference between the Portfolio and Purchase Programs?
The Portfolio Program allows you to share the principal and interest of every payment collected and receive an up-front profit.
The Purchase Program allows you to receive a higher up-front profit today, but you don't share in what's collected in the future.
For more information on these programs, visit The Programs & The Profit section of the website.
How do I learn to maximize the power of Guaranteed Credit Approval?
Credit Acceptance offers training courses weekly in our Southfield training facility and monthly in our Henderson training facility at NO charge to our dealer-partners. All Credit Acceptance training is based on over 30 years of on-the-lot experience. The training can help you integrate Credit Acceptance financing into your current operation.
If you are interested in learning more about our Guaranteed Credit Approval Program, simply call 1-800-873-0512 or complete the online inquiry form and one of our Market Area Managers will follow-up with you.