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Dealers can enroll with Credit Acceptance with NO UPFRONT COST.

Auto finance programs

Two auto finance program options icon Two auto finance program options icon

PROGRAMS

PROGRAMS

Credit Acceptance offers two (2) primary indirect subprime auto finance programs to dealers: the Portfolio and Purchase programs.

Credit Acceptance offers two (2) primary indirect subprime auto finance programs to dealers: the Portfolio and Purchase programs.

 

PORTFOLIO PROGRAM

The Portfolio Program accounts for the majority of our contracts at Credit Acceptance. With this program, you make money in three ways:

  •  ADVANCE - Upfront money for each contract.
  •  PORTFOLIO PROFIT EXPRESS (PPE) - When you reach 100 contracts, you can cap the pool* and are eligible for a PPE check, which is a percentage of the expected future collections or all 100 contracts in the pool
  •  PORTFOLIO PROFIT - Once the total Advance balance in the pool is repaid, 80% of everything we collect on all 100 deals in the capped pool is sent to you through monthly Portfolio Profit Checks.

*Each pool represents a subset of your total portfolio of contracts and serves as a mechanism to help accelerate expected Portfolio Profit, and to give you the opportunity to recieve an advance on that future profit in the form of a Portfolio Profit Express Check.

 

COLLECTION ONLY OPTION

COLLECTION ONLY OPTION

The Collection Only Option (a subset of the Portfolio Program) provides monthly cash flow (80% of every dollar collected) beginning with your customer’s first payment. Dealers may opt to use this option when certain stipulations cannot be met to receive an Advance (payment-to-income and other underwriting requirements still apply). It’s just like Buy Here Pay Here without the collection headaches.

The Collection Only Option (a subset of the Portfolio Program) provides monthly cash flow (80% of every dollar collected) beginning with your customer’s first payment. Dealers may opt to use this option when certain stipulations cannot be met to receive an Advance (payment-to-income and other underwriting requirements still apply). It’s just like Buy Here Pay Here without the collection headaches.

Monthly cash flow icon Monthly cash flow icon
 
Upfront cash icon Upfront cash icon

PURCHASE PROGRAM

PURCHASE PROGRAM

The Purchase Program provides a higher upfront advance than the Portfolio Program. Dealers may opt to use this program when a higher advance is desired at time of funding, or in environments with more traditional pay plans. Ask your Market Area Manager for program availability. With this program you make money one way:

PURCHASE PRICE—The money provided upfront for each contract.

The Purchase Program provides a higher upfront advance than the Portfolio Program. Dealers may opt to use this program when a higher advance is desired at time of funding, or in environments with more traditional pay plans. Ask your Market Area Manager for program availability. With this program you make money one way:

PURCHASE PRICE—The money provided upfront for each contract.