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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 BrAT6DFKXxJqveLETSWcHe5w40gl+vHBovH/eHzaBw1iD9oxH1SU6TU6kyZYZd2b
 +URoN5fG2Tc7bX6/Ks082A==

<SEC-DOCUMENT>0001209191-03-034359.txt : 20031210
<SEC-HEADER>0001209191-03-034359.hdr.sgml : 20031210
<ACCEPTANCE-DATETIME>20031210153627
ACCESSION NUMBER:		0001209191-03-034359
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031209
FILED AS OF DATE:		20031210

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ROBERTS BRETT A
		CENTRAL INDEX KEY:			0001220535

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20202
		FILM NUMBER:		031047319

	MAIL ADDRESS:	
		STREET 1:		25505 WEST TWELVE MILE ROAD
		CITY:			SOUTHFIELD
		STATE:			MI
		ZIP:			48034

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CREDIT ACCEPTANCE CORPORATION
		CENTRAL INDEX KEY:			0000885550
		STANDARD INDUSTRIAL CLASSIFICATION:	PERSONAL CREDIT INSTITUTIONS [6141]
		IRS NUMBER:				381999511
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		25505 W TWELVE MILE RD
		STREET 2:		STE 3000
		CITY:			SOUTHFIELD
		STATE:			MI
		ZIP:			48034-8334
		BUSINESS PHONE:		8103532700

	MAIL ADDRESS:	
		STREET 1:		25505 WEST TWELVE MILE ROAD
		STREET 2:		SUITE 3000
		CITY:			SOUTHFIELD
		STATE:			MI
		ZIP:			48034-8334
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bde81510_01bar.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0201</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-12-09</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0000885550</issuerCik><issuerName>CREDIT ACCEPTANCE CORPORATION</issuerName>        <issuerTradingSymbol>CACC</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001220535</rptOwnerCik><rptOwnerName>ROBERTS BRETT A</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>25505 WEST TWELVE MILE ROAD</rptOwnerStreet1><rptOwnerStreet2></rptOwnerStreet2><rptOwnerCity>SOUTHFIELD</rptOwnerCity><rptOwnerState>MI</rptOwnerState><rptOwnerZipCode>48034</rptOwnerZipCode><rptOwnerStateDescription></rptOwnerStateDescription></reportingOwnerAddress><reportingOwnerRelationship><isDirector>1</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle>Chief Executive Officer</officerTitle></reportingOwnerRelationship><
/reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Common stock</value></securityTitle><transactionDate><value>2003-12-09</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>4900</value></transactionShares><transactionPricePerShare><value>11.50</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>68900</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction><nonDerivativeTransaction><securityTitle><value>Common stock</value></securityTitle><transactionDate><value>2003-12-09</value></transactionDate><transactionCo
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onCoding><transactionAmounts><transactionShares><value>11200</value></transactionShares><transactionPricePerShare><value>15.00</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>64000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction></nonDerivativeTable><derivativeTable><derivativeTransaction><securityTitle><value>Employee Stock Options</value></securityTitle><conversionOrExercisePrice><value>11.50</value></conversionOrExercisePrice><transactionDate><value>2003-12-09</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>M</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>25500</value></tra
nsactionShares><transactionPricePerShare><value>0</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><footnoteId id="F1" /></exerciseDate><expirationDate><value>2004-01-24</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>25500</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>64000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction></derivativeTable><footnotes><footnote id="F1">The options became exercisable as follows:  10,000 shares on 1/24/1995; 10,000 shares on 1/24/1996; 10,000 shares on 1/24/1997.</footnote></footnotes><ownerSignature><signatureName>/s/ Brett A. Roberts</signatureName><sig
natureDate>2003-12-10</signatureDate></ownerSignature></ownershipDocument>

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</DOCUMENT>
</SEC-DOCUMENT>
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