Credit Acceptance Corporation is an auto finance company providing automobile loans and other related financial products.
The company operates this financial program through a national network of dealer-partners, the automobile dealers participating in the programs.
The company operates two programs: the "Portfolio Program" and the "Purchase Program".
Through these programs, the company can advances money to automobile dealers in exchange for the right to service the underlying consumer loans and can buy the consumer loans from automobile dealers. By the end of 2013, the company made an annual revenue of $175,300,000.[4]
Credit Acceptance Corporation offers financing programs that enable automobile dealers to sell vehicles to consumers.
The Company's financing programs are offered through a network of automobile dealers.
The Company has two Dealers financing programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers (Dealer Loan) in exchange for the right to service the underlying consumer loans. Under the Purchase Program, the Company buys the consumer loans from the dealers (Purchased Loan) and keeps the amounts collected from the consumer. Dealer Loans and Purchased Loans are collectively referred to as Loans. As of December 31, 2016, the Company's target market included approximately 60,000 independent and franchised automobile dealers in the United States. The Company has market area managers located throughout the United States that market its programs to dealers, enroll new dealers and support active dealers.
2006 年取得越南中央銀行核准執照,在越南工商重鎮胡志明市成立Chailease International Leasing Co.,Ltd.,並於2007 年1 月開幕,其營業項目以機器設備及車輛之租賃業務為主,主要服務對象除台商外,亦包含當地企業。隨著當地業務人員成熟度提昇及審查人員經驗累積,已於2010 年在河內設立辦事處,以拓展北越市場。
2007 年中租迪和透過與Financial One Corp. 進行百分之百的股權轉換後,成為Financial One Corp. 子公司,Financial One Corp. 並於2007 年7 月11 日在新加坡證券交易所正式掛牌上市,成為第一家以台灣為根據地成功前往新加坡證券交易所申請掛牌上市的金融企業。
2009 年為整合亞洲地區之子公司,在英屬開曼群島成立中租控股股份有限公司,並啟動集團組織架構重整計劃。2011 年4 月27 日本公司原母公司Financial One Corp. 成功自新加坡證券交易所下市。並於2011 年5 月27 日向其股東買回該公司股份,以配發本公司股份予Financial One Corp. 股東,作為股款支付方式,並於同日將本公司股份移轉予Financial One Corp. 股東。經由前述股權移轉,Financial One Corp. 股東由間接持有,改由直接持有本公司股權,且Financial One Corp. 對本公司已無任何持股。