How to refinance my Credit Acceptance Corporation auto loan?
Ever wondered how to pay off or refinance your Credit Acceptance Corporation auto loan?
In one of our other videos we explained that dealers sell cars in order to create an opportunity to sell the much higher margin products, such as financing.
Believe it or not, Credit Acceptance Corporation was started in 1972 by one of the biggest used car dealers in the world, Donald Foss. Clearly, Donald noticed that financing is the higher margin product and therefore focused his efforts on lending money to car shoppers exclusively.
Donald Foss is a billionaire now!
Credit Acceptance Corporation is focused on the segment of Americans with challenged credit and we therefore observe a wide range of auto loan rates around the average of 22%.
If you have an auto loan with Credit Acceptance Corporation and haven’t looked into refinancing your car loan yet, you should do so now!
WithClutch.com is a fully digital platform that lets car owners like you do so from the comfort of their own home. No need to set a foot in a bank or credit union. You can lower your rate or get cash in as little as 20 seconds.
Follow three simple steps to refinance your auto loan, get approved in seconds and save thousands in minutes.