If you're planning to pay off your auto financing early or trade in your vehicle, you can easily request a payoff quote from Credit Acceptance.

A payoff quote gives you the exact amount needed to fully satisfy your auto financing commitment, including any remaining principal, accrued interest, and applicable fees as of a specific date.

What is a payoff quote, and why does it matter?

Unlike your current balance, a payoff quote includes all accrued interest since your last payment, as well as any fees associated with early payoff or document processing. Because auto financing accrues interest daily, your payoff amount changes with each passing day. That’s why it’s essential to request a quote for the specific date you intend to pay off the borrowed amount.

By using a payoff quote, you eliminate the risk of underpaying and still owing a small amount or overpaying without knowing how the excess funds will be handled.

Requesting your payoff quote

Over the phone

The fastest way to get an exact payoff quote is by calling Credit Acceptance Customer Service at 1-800-634-1506. Representatives are available to provide your quote and answer any related questions during business hours (Monday-Friday, 8 a.m.-11 p.m. ET and Saturday-Sunday, 8 a.m.-5 p.m. ET).

Online

You can also log in to the Credit Acceptance customer portal or mobile app using your credentials. Once logged in, navigate to your account details to view or request a payoff quote. Depending on your account status and available options, the quote may be available instantly.

Your payoff quote is only valid for a limited time

Payoff quotes are time-sensitive. Since daily interest continues to accrue, your quote is typically calculated to a specific future date you select. The quoted amount is valid for the period leading up to and including that date. If you do not make your final payment by your chosen date, the quote will expire, and you will need a new quote reflecting the updated, higher payoff amount.

You can request a payoff quote as often as you like. Each one is simply a calculation of your current obligation as of the chosen date. If you’re considering paying off your auto financing or trading in your vehicle, it’s a good idea to request updated quotes during your decision-making process.

Ready to purchase a new vehicle?

If you’re thinking about a payoff quote because you want to upgrade your transportation, we’d welcome the opportunity to finance your next car as well. You can get pre-qualified on our website and find a participating dealer near you (our network includes over 15,000 dealerships).