![]() You will then need to sign the contract and finance documents with the dealer.īy participating in the pre-qualification process, you are providing “written instructions” to Credit Acceptance under the Fair Credit Reporting Act authorizing Credit Acceptance to obtain information from your credit profile or other information from one or more consumer reporting agencies. A completed application will require you to provide the dealer with your complete Social Security Number and any additional information needed to verify and confirm previously provided information and will result in a hard credit pull that may have an impact on your credit score. If you decide to purchase a vehicle, the dealer will submit a completed application for approval to Credit Acceptance. The dealer is under no obligation to sell you a vehicle based on your pre-qualification, and you are not obligated to purchase any vehicle until you have signed a contract that discloses all the purchase and financing terms. Participating dealers may have your pre-qualification in CAPS, or you can print your Credit Acceptance pre-qualification offer and take it to the dealer with you. While we will attempt to locate dealers that are geographically close to you, there is no guarantee the dealers will be conveniently located. Your Credit Acceptance pre-qualification can only be used at participating dealers. If your information is shared, these dealers will be alerted that the information you’ve provided is available to them in Credit Acceptance’s Credit Approval Processing System (“CAPS”), which is used by dealers to process applications for credit made to Credit Acceptance. Not everyone qualifies for each of these term lengths though.Ĭredit Acceptance may share the information you provided with Participating Dealers. Terms online are provided based on common monthly increments, but other terms may be available at the dealership when purchasing the vehicle. ![]() Credit Acceptance does not guarantee credit or that the dealer will provide you with all terms outlined in your pre-qualification offer. If you are pre-qualified for a specific vehicle amount or monthly payment amount, those amounts were determined utilizing a $3,000 down payment and are not final until your financing is completed at a participating dealer. Credit Acceptance may not provide financing for all optional products offered by a participating dealer. Your pre-qualification is based on the information you’ve provided subject to verification and might change if you update any information at the dealer. Box 5070, Southfield, Michigan 48086-5070, unless revised by us. Notices by you to us must be in writing and sent by US Mail or overnight delivery to Credit Acceptance Corporation, Operations Support, P.O. You also understand that you may update your information, obtain a description of systems requirements, revoke your consent for future electronic deliveries, or request one or more paper documents at no cost at any time by contacting us in writing as set forth herein. You understand that you will need access to the Internet, as well as the appropriate hardware, software and/or programs, which may include, but may not be limited to, Adobe Acrobat, in order to access your pre-qualification and your consent electronically, and print copies. This is not an offer of credit and there will be no impact to your credit score for pre-qualification. You may not impersonate or pretend to be somebody else when providing us with this information. The information you provide must be accurate. ![]() Pre-qualifying with Credit Acceptance is a great way to find cars and auto financing terms that fit your needs and your budget, with no impact to your credit score.Īll you need to do is provide information about you - like name, address, income, and bank accounts - to enable us to check your credit history through a soft credit pull.
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