Many people have a hard time getting approved for financing due to
having bad credit or no credit history established. But, as a dealer,
you want and should be able to help every customer who walks through
your door, regardless of their credit history. Enrolling with Credit
Acceptance gives you the tools you need to do just that.
The Credit Acceptance auto finance program was created to help
dealers offer credit approval to credit-challenged customers you
otherwise wouldn’t be able to finance. Here are a few ways you benefit
from the program as an enrolled dealer:
You can help customers get approved for financing. CAPS® (our Credit Approval Processing System) enables
dealers to give customers fast and easy credit approval on every new
or used vehicle in their inventory, regardless of bad credit, no
credit or even bankruptcy. Through our program, you can help
customers get into a reliable vehicle that meets their needs, fits
their budget and may help them improve their credit score (with
on-time payments) so that they may qualify for traditional financing
in the future.
You can sell more cars. We said it once, we’ll say it again: more approvals means
more car sales. Through Credit Acceptance, dealers can sell any
vehicle that works well for customers in their market, including new
cars and late model, lower-mileage used vehicles.
You can make more money. And of course, more sales equals more money. For example,
once you become an enrolled dealer in our Portfolio Program, there
are three ways you can get paid: Advance, Portfolio Profit Express
and Portfolio Profit. Learn more about how enrolled dealers get paid
through our auto finance programs.¹
You know the benefits, now it’s time to become an enrolled
dealer! Fill out this brief
form to get started.
¹The amount paid to Dealers is governed by the Dealer Servicing
Agreement and the Purchase Program Agreement, depending on the
program under which the contract is submitted and accepted. Nothing
in this article shall amend or modify those agreements.