Benefits of Making Automatic Payments on Your Auto Loan

Staying on top of your auto loan payments along with the rest of your monthly bills can be a hassle, which is why you should consider the option of setting up automatic payments. In addition to helping you save time on paying your bills, key advantages that come with scheduling automatic payments include:

 

• Convenience.
  Scheduling automatic payments can alleviate the pressure of keeping track of what needs to be paid and when.


• Making sure your payments are made on time, every time.
  One way to make sure your payments are on time is to set up automatic payments. Making payments on time, every time, can help you build a strong credit history.

Through the Credit Acceptance auto finance program, car buyers with bank accounts may have the option* of setting up automatic payments to stay on time, every time with their monthly car payment. And, since Credit Acceptance reports to the three major credit bureaus, when you consistently make payments on time using automatic payments you have a good chance to improve your credit history.

If you are currently in the market to purchase a vehicle and need to get approved for auto financing, an enrolled dealer on the Credit Acceptance auto finance program can help you get started on your credit approval.

*AutoPay is always optional. A customer is never required to enroll in AutoPay as a condition of financing.