Credit Acceptance Corporation: Fueling the Auto Industry in the U.S. Credit Acceptance Corporation (CAC) is a key player in the automobile industry in the United States. The company is engaged in providing financing programs, and related products and services to independent and franchised automobile dealers across the country. Founded in 1972 and headquartered in Southfield, Michigan, CAC offers financing to automobile dealers in exchange for the right to service the underlying consumer loans. In addition, it purchases consumer loans from dealers and collects the amount from the consumers. CAC not only provides financing solutions but also offers reinsuring coverage under vehicle service contracts sold by dealers to consumers. The company has proven its expertise in the industry for almost 50 years, contributing to the growth of the automobile industry in the U.S. As a leading financial services company in the automobile industry, CAC continues to expand its products and services to meet the changing needs of customers. Its commitment to providing high-quality financing options and related products has enabled it to remain competitive and generate value for shareholders.