Debt (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2013
Revolving Secured Line of Credit	n/a	12/09/2013	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	12/02/2013	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	12/04/2013	04/05/2016	(2)	$	75.0	LIBOR plus 200 basis points (3)
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
Term ABS 2013-2 (1)	Credit Acceptance Funding LLC 2013-2	10/31/2013	10/15/2015	(2)	$	197.8	Fixed rate
2017 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 Years Ended December 31,
	2013		2012
Revolving Secured Line of Credit
Maximum outstanding balance	$	195.1	$	187.3
Average outstanding balance		97.9		96.2
Warehouse Facility II
Maximum outstanding balance	$	169.1	$	177.2
Average outstanding balance		81.8		99.8
Warehouse Facility III
Maximum outstanding balance	$	60.0	$	73.0
Average outstanding balance		23.3		45.5
Warehouse Facility IV
Maximum outstanding balance	$	39.6	$	39.6
Average outstanding balance		11.8		37.8

Summary Of Debt

(Dollars in millions)	As of December 31,
	2013			2012
Revolving Secured Line of Credit
Balance outstanding	$	102.8		$	43.5
Amount available for borrowing (1)		132.2			191.5
Interest rate		2.04	%		2.08	%
Warehouse Facility II
Balance outstanding	$	–		$	81.3
Amount available for borrowing  (1)		325.0			243.7
Loans pledged as collateral		–			105.2
Restricted cash and cash equivalents pledged as collateral		1.2			3.0
Interest rate		2.17	%		2.22	%
Warehouse Facility III
Balance outstanding	$	–		$	–
Amount available for borrowing (1)		75.0			75.0
Loans pledged as collateral		–			–
Restricted cash and cash equivalents pledged as collateral		0.3			0.4
Interest rate		1.77	%		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		2.17	%		2.96	%
Term ABS 2010-1
Balance outstanding	$	–		$	80.3
Loans pledged as collateral		–			111.6
Restricted cash and cash equivalents pledged as collateral		–			12.5
Interest rate		–			2.44	%
Term ABS 2011-1
Balance outstanding	$	144.2		$	200.5
Loans pledged as collateral		215.3			243.8
Restricted cash and cash equivalents pledged as collateral		23.2			23.5
Interest rate		3.01	%		2.90	%
Term ABS 2012-1
Balance outstanding	$	201.3		$	201.3
Loans pledged as collateral		240.4			244.7
Restricted cash and cash equivalents pledged as collateral		23.5			22.3
Interest rate		2.38	%		2.38	%
Term ABS 2012-2
Balance outstanding	$	252.0		$	252.0
Loans pledged as collateral		303.8			311.9
Restricted cash and cash equivalents pledged as collateral		27.7			26.0
Interest rate		1.63	%		1.63	%
Term ABS 2013-1
Balance outstanding	$	140.3		$	–
Loans pledged as collateral		184.3			–
Restricted cash and cash equivalents pledged as collateral		15.3			–
Interest rate		1.31	%		–
Term ABS 2013-2
Balance outstanding	$	197.8		$	–
Loans pledged as collateral		250.5			–
Restricted cash and cash equivalents pledged as collateral		18.7			–
Interest rate		1.67	%		–
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 December 31, 2013 and 2012, the outstanding balance presented for the senior notes includes a net unamortized debt premium of $0.2 million and $0.3million, respectively.

Scheduled Principal Maturities Of Debt

(In millions)
Year	Revolving Secured Line of Credit Facility		Warehouse Facilities		Term ABS Financings (1)		Senior Notes (2)(3)		Mortgage Note		Total
2014	$	–	$	–	$	358.2	$	–	$	3.8	$	362.0
2015		–		–		365.8		–		–		365.8
2016		102.8		–		211.6		–		–		314.4
2017		–		–		–		350.0		–		350.0
Total	$	102.8	$	–	$	935.6	$	350.0	$	3.8	$	1,392.2

(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 $0.2 million.

(3) For subsequent event information affecting the maturity of senior notes, see Note 18 to the consolidated financial statements.

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 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
Term ABS 2013-2	October 31, 2013	$	250.1	Through October 15, 2015