Debt (Tables)

9 Months Ended

Sep. 30, 2013

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 September 30, 2013
Revolving Secured Line of Credit	n/a	06/20/2013	06/23/2016		$	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)
Warehouse Facility III (1)	CAC Warehouse Funding III, LLC	08/16/2013	09/10/2015	(4)	$	75.0	LIBOR plus 160 basis points (3)
Warehouse Facility IV (1)	CAC Warehouse Funding LLC IV	04/05/2013	04/05/2016	(2)	$	75.0	LIBOR plus 225 basis points (3)
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
Term ABS 2013-1 (1)	Credit Acceptance Funding LLC 2013-1	04/25/2013	04/15/2015	(2)	$	140.3	Fixed rate
Senior Notes	n/a	(5)	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)Interest rate cap agreements are in place to limit the exposure to increasing interest rates.

(4)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.

(5)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 Three Months Ended September 30,				For the Nine Months Ended September 30,
	2013		2012		2013		2012
Revolving Secured Line of Credit
Maximum outstanding balance	$	179.0	$	139.0	$	195.1	$	187.3
Average outstanding balance		70.5		100.1		94.4		98.9
Warehouse Facility II
Maximum outstanding balance	$	169.1	$	173.8	$	169.1	$	177.2
Average outstanding balance		136.0		143.7		91.5		128.6
Warehouse Facility III
Maximum outstanding balance	$	46.9	$	62.0	$	60.0	$	73.0
Average outstanding balance		42.0		51.4		27.5		60.8
Warehouse Facility IV
Maximum outstanding balance	$	–	$	39.2	$	39.6	$	39.6
Average outstanding balance		–		37.8		15.7		37.8

Summary Of Debt

(Dollars in millions)	As of
	September 30, 2013			December 31, 2012
Revolving Secured Line of Credit
Balance outstanding	$	87.6		$	43.5
Amount available for borrowing (1)		147.4			191.5
Interest rate		2.05	%		2.08	%
Warehouse Facility II
Balance outstanding	$	162.6		$	81.3
Amount available for borrowing  (1)		162.4			243.7
Loans pledged as collateral		230.4			105.2
Restricted cash and cash equivalents pledged as collateral		4.2			3.0
Interest rate		2.18	%		2.22	%
Warehouse Facility III
Balance outstanding	$	33.1		$	–
Amount available for borrowing (1)		41.9			75.0
Loans pledged as collateral		77.4			–
Restricted cash and cash equivalents pledged as collateral		1.5			0.4
Interest rate		1.81	%		1.82	%
Warehouse Facility IV
Balance outstanding	$	–		$	37.6
Amount available for borrowing (1)		75.0			37.4
Loans pledged as collateral		–			47.7
Restricted cash and cash equivalents pledged as collateral		0.2			2.5
Interest rate		2.43	%		2.96	%
Term ABS 2010-1
Balance outstanding	$	2.6		$	80.3
Loans pledged as collateral		69.6			111.6
Restricted cash and cash equivalents pledged as collateral		10.6			12.5
Interest rate		3.63	%		2.44	%
Term ABS 2011-1
Balance outstanding	$	200.5		$	200.5
Loans pledged as collateral		241.9			243.8
Restricted cash and cash equivalents pledged as collateral		26.4			23.5
Interest rate		2.90	%		2.90	%
Term ABS 2012-1
Balance outstanding	$	201.3		$	201.3
Loans pledged as collateral		242.2			244.7
Restricted cash and cash equivalents pledged as collateral		26.1			22.3
Interest rate		2.38	%		2.38	%
Term ABS 2012-2
Balance outstanding	$	252.0		$	252.0
Loans pledged as collateral		304.1			311.9
Restricted cash and cash equivalents pledged as collateral		29.8			26.0
Interest rate		1.63	%		1.63	%
Term ABS 2013-1
Balance outstanding	$	140.3		$	–
Loans pledged as collateral		185.6			–
Restricted cash and cash equivalents pledged as collateral		16.2			–
Interest rate		1.31	%		–
Senior Notes
Balance outstanding (2)	$	350.2		$	350.3
Interest rate		9.13	%		9.13	%

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

(2) As of September 30, 2013 and December 31, 2012, the outstanding balance presented for the Senior Notes includes a net unamortized debt premium of $0.2 million and $0.3 million, respectively.

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	24 Month Revolving Period
Term ABS 2010-1	November 4, 2010	$	126.8	Through October 15, 2012
Term ABS 2011-1	October 6, 2011	$	250.8	Through September 16, 2013
Term ABS 2012-1	March 29, 2012	$	251.7	Through March 17, 2014
Term ABS 2012-2	September 20, 2012	$	315.1	Through September 15, 2014
Term ABS 2013-1	April 25, 2013	$	187.8	Through April 15, 2015