-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Lp3nkyxMx1FvheEbG5kaI/bsJVi9vfmsRHePU3NkXIWg+QX023Jl55nVYA1V/r5x
 9W+XeDA9lWAcw5HS3X9bOA==

<SEC-DOCUMENT>0001209191-08-014690.txt : 20080303
<SEC-HEADER>0001209191-08-014690.hdr.sgml : 20080303
<ACCEPTANCE-DATETIME>20080303105210
ACCESSION NUMBER:		0001209191-08-014690
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080228
FILED AS OF DATE:		20080303
DATE AS OF CHANGE:		20080303

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

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Chamberlain Glenda J
		CENTRAL INDEX KEY:			0001201245

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20202
		FILM NUMBER:		08658242

	BUSINESS ADDRESS:	
		STREET 1:		601 N. LAMAR, STE. 300
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78703
		BUSINESS PHONE:		512.477.4455

	MAIL ADDRESS:	
		STREET 1:		550 BOWIE STREET
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78703

	FORMER NAME:	
		FORMER CONFORMED NAME:	FLANAGAN CHAMBERLAIN GLENDA J
		DATE OF NAME CHANGE:	20051209

	FORMER NAME:	
		FORMER CONFORMED NAME:	FLANAGAN GLENDA
		DATE OF NAME CHANGE:	20021025
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bde24479_01gc.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-02-28</periodOfReport>

    <issuer>
        <issuerCik>0000885550</issuerCik>
        <issuerName>CREDIT ACCEPTANCE CORPORATION</issuerName>
        <issuerTradingSymbol>CACC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001201245</rptOwnerCik>
            <rptOwnerName>Chamberlain Glenda J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>550 BOWIE STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>AUSTIN</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>78703</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Director Stock Options (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>17.2450</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-02-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>60000</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2008-02-28</value>
            </exerciseDate>
            <expirationDate>
                <value>2014-03-10</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>60000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>60000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">On March 10, 2004, the reporting person was granted 100,000 director stock options, which vest in installments based on the Company's satisfaction of certain performance-related criteria.  On February 27, 2006, the Company's compensation committee approved the Company's satisfaction of performance-related criteria for the year ended December 31, 2005, which resulted in the vesting of 40,000 director stock options.  On February 28, 2008, the Company's compensation committee approved the Company's satisfaction of performance-related criteria for the year ended December 31, 2007, which resulted in the vesting of 60,000 director stock options.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Glenda Chamberlain</signatureName>
        <signatureDate>2008-02-29</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----