8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): September 2, 2008

CREDIT ACCEPTANCE CORPORATION
__________________________________________
(Exact name of registrant as specified in its charter)

Michigan	000-20202	38-1999511
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
25505 West Twelve Mile Road, Suite 3000, Southfield, Michigan		48034-8339
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 248-353-2700

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

Credit Acceptance Corporation is furnishing materials, included as Exhibit 99.1 to this report and incorporated herein by reference, which were prepared for inclusion on its investor relations website. Credit Acceptance Corporation is not undertaking to update these materials. This report should not be deemed an admission as to the materiality of any information contained in these materials.

The information furnished in this report shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Materials added to website on or about September 2, 2008.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CREDIT ACCEPTANCE CORPORATION
September 2, 2008	By:	/s/ Douglas W. Busk
		Name: Douglas W. Busk
		Title: Treasurer

Exhibit Index

Exhibit No.	Description
99.1	Materials added to website on or about September 2, 2008

EX-99.1

Select Inquiries Received through September 2, 2008

1) I noticed that you have extended the term on the larger warehouse facility until August 2009. Can you explain what happens to it if you cannot renew it at that time? Do you have any repurchase obligations of loans in the facility if it is accelerated and foreclosed on? Or do you put the facility and the loans in it to the lender? Other than the loans in the facility do you have any capital supporting the loans that you would forfeit in an acceleration/foreclosure? Thank you.

If we cannot renew the warehouse facility when it matures in August 2009 (and assuming no default has occurred under the facility), the facility will “term out” in accordance with its terms. While no further advances would be made under the facility, the amount outstanding under the facility would be repaid over time as the collections on the loans securing the facility are received. Non-renewal is not itself a default that would permit acceleration or foreclosure.

We do not have any repurchase obligations under the facility other than the standard representations and warranties relating to loan eligibility at the time the loans are contributed to the facility.

Under certain conditions (such as a default on our part or if collections on the loans are substantially less than expected), the lender would be able to foreclose under the facility and sell the loans, but based on current loan performance, we believe it is very unlikely any such condition would arise.

Other than the loans in the facility, we do not have any capital supporting the borrowings under the facility.

2) What portion of vehicles financed are light trucks or sport utility vehicles?

In 2007 and the first six months of 2008, approximately 34% and 38% of the vehicles we financed were trucks or sport utility vehicles.