Debt (Tables)

12 Months Ended

Dec. 31, 2012

Debt Instrument [Line Items]

Schedule Of General Information Of Financing Transaction

(Dollars in millions)
Financings	Wholly-owned Subsidiary	Close Date		Maturity Date		Financing Amount		Interest Rate as of December 31, 2012
Revolving Secured Line of Credit	n/a	06/15/2012		06/22/2015		$	235.0	At our option, either LIBOR plus 187.5 basis points or the prime rate plus 87.5 basis points
Warehouse Facility II (1)	CAC Warehouse Funding Corp. II	12/27/2012		12/27/2015	(2)	$	325.0	Commercial paper rate or LIBOR plus 200 basis points (3) (4)
Warehouse Facility III (1)	CAC Warehouse Funding III, LLC	06/29/2012		09/10/2015	(5)	$	75.0	LIBOR plus 160 basis points (4)
Warehouse Facility IV (1)	CAC Warehouse Funding LLC IV	08/19/2011		02/19/2014	(2)	$	75.0	LIBOR plus 275 basis points (4)
Term ABS 2010-1 (1)	Credit Acceptance Funding LLC 2010-1	11/04/2010		10/15/2012	(2)	$	100.5	Fixed rate
Term ABS 2011-1 (1)	Credit Acceptance Funding LLC 2011-1	10/06/2011		09/16/2013	(2)	$	200.5	Fixed rate
Term ABS 2012-1 (1)	Credit Acceptance Funding LLC 2012-1	03/29/2012		03/17/2014	(2)	$	201.3	Fixed rate
Term ABS 2012-2 (1)	Credit Acceptance Funding LLC 2012-2	09/20/2012		09/15/2014	(2)	$	252.0	Fixed rate
Senior Notes	n/a		(6)	02/01/2017		$	350.0	Fixed rate

(1) Financing made available only to a specified subsidiary of the Company.

(2) Represents the revolving maturity date.  The outstanding balance will amortize after the maturity date based on the cash flows of the pledged assets.

(3) The LIBOR rate is used if funding is not available from the commercial paper market.

(4) Interest rate cap agreements are in place to limit the exposure to increasing interest rates.

(5) Represents the revolving maturity date.  The outstanding balance will amortize after the revolving maturity date and any amounts remaining on September 10, 2017 will be due.

(6) The close dates associated with the issuance of $250.0 million and $100.0 million of the Senior Notes were on February 1, 2010 and March 3, 2011, respectively.

Schedule Of Additional Information Related To Debt Instruments

(In millions)	For the Years Ended December 31,
	2012		2011
Revolving Secured Line of Credit
Maximum outstanding balance	$	187.3	$	185.1
Average outstanding balance		96.2		109.3
Warehouse Facility II
Maximum outstanding balance	$	177.2	$	264.0
Average outstanding balance		99.8		159.5
Warehouse Facility III
Maximum outstanding balance	$	73.0	$	75.0
Average outstanding balance		45.5		53.7
Warehouse Facility IV
Maximum outstanding balance	$	39.6	$	43.5
Average outstanding balance		37.8		41.3

Summary Of Debt

(Dollars in millions)	As of December 31.
	2012			2011
Revolving Secured Line of Credit
Balance outstanding	$	43.5		$	43.9
Amount available for borrowing (1)		191.5			161.1
Interest rate		2.08	%		2.55	%
Warehouse Facility II
Balance outstanding	$	81.3		$	163.2
Amount available for borrowing  (1)		243.7			161.8
Loans pledged as collateral		105.2			242.1
Restricted cash and cash equivalents pledged as collateral		3.0			6.1
Interest rate		2.22	%		2.99	%
Warehouse Facility III
Balance outstanding	$	–		$	70.0
Amount available for borrowing (1)		75.0			5.0
Loans pledged as collateral		–			91.6
Restricted cash and cash equivalents pledged as collateral		0.4			3.3
Interest rate		1.82	%		1.89	%
Warehouse Facility IV
Balance outstanding	$	37.6		$	37.5
Amount available for borrowing (1)		37.4			37.5
Loans pledged as collateral		47.7			62.3
Restricted cash and cash equivalents pledged as collateral		2.5			2.2
Interest rate		2.96	%		3.05	%
Term ABS 2009-1
Balance outstanding	$	–		$	27.6
Loans pledged as collateral		–			105.2
Restricted cash and cash equivalents pledged as collateral		–			13.5
Interest rate		–			5.68	%
Term ABS 2010-1
Balance outstanding	$	80.3		$	100.5
Loans pledged as collateral		111.6			125.5
Restricted cash and cash equivalents pledged as collateral		12.5			14.1
Interest rate		2.44	%		2.36	%
Term ABS 2011-1
Balance outstanding	$	200.5		$	200.5
Loans pledged as collateral		243.8			248.2
Restricted cash and cash equivalents pledged as collateral		23.5			23.3
Interest rate		2.90	%		2.90	%
Term ABS 2012-1
Balance outstanding	$	201.3		$	–
Loans pledged as collateral		244.7			–
Restricted cash and cash equivalents pledged as collateral		22.3			–
Interest rate		2.38	%		–
Term ABS 2012-2
Balance outstanding	$	252.0		$	–
Loans pledged as collateral		311.9			–
Restricted cash and cash equivalents pledged as collateral		26.0			–
Interest rate		1.63	%		–
Senior Notes
Balance outstanding (2)	$	350.3		$	350.4
Interest rate		9.13	%		9.13	%

(1) Availability may be limited by the amount of assets pledged as collateral.

(2) As of December 31, 2012 and 2011, the outstanding balance presented for the Senior Notes includes a net unamortized debt premium of $0.3 million and $0.4million, respectively.

Scheduled Principal Maturities Of Debt

(In millions)
Year	Revolving Secured Line of Credit Facility		Warehouse Facilities		Term ABS Financings (1)		Senior Notes (2)		Mortgage Note		Total
2013	$	-	$	-	$	150.0	$	-	$	0.2	$	150.2
2014		-		37.6		401.8		-		3.8		443.2
2015		43.5		-		182.3		-		-		225.8
2016		-		81.3		-		-		-		81.3
2017		-		-		-		350.0		-		350.0
Total	$	43.5	$	118.9	$	734.1	$	350.0	$	4.0	$	1,250.5

(1) The principal maturities of the Term ABS transactions are estimated based on forecasted collections.

(2) The amounts are presented on a gross basis to exclude the net unamortized debt premium of $0.3 million.

Term ABS Financings [Member]

Debt Instrument [Line Items]

Schedule Of General Information Of Financing Transaction

(Dollars in millions)
Term ABS Financings	Close Date	Net Book Value of Loans Contributed at Closing		Revolving Period
Term ABS 2010-1	November 4, 2010	$	126.8	24 months (Through October 15, 2012)
Term ABS 2011-1	October 6, 2011	$	250.8	24 months (Through September 16, 2013)
Term ABS 2012-1	March 29, 2012	$	251.7	24 months (Through March 17, 2014)
Term ABS 2012-2	September 20, 2012	$	315.1	24 months (Through September 15, 2014)