Credit Acceptance Corporation
Car repossessed after only the first payment was due

I purchased a 2001 Bonneville from them. After three weeks I had electrical problems and the car started cutting off while driving it. I took it to the dealership I purchased it from, and they told me to take the car to AutoZone because the warranty company (Mechanical Protection) does not open on Saturdays. So that Monday the car cut off, and on the same day it was impounded. I went to pick it up, and Credit Acceptance had put a hold on the car for repossession.

I called them and was told that due to nonpayment they had to repossess my car, and that I could get it back if I paid $1,900. I told them only my first note was due, how is that? Then they broke it down to $808: I was told to pay the first note, $353, plus $255 for the car sitting in the pound, plus $200 for redemption fees. My first note had to be mailed off that Friday; they repossessed it that Monday before. After two weeks the car was at an auction. To sum it all up, the car didn't have a clear title at the time. These people are ripoffs and need to be dealt with.

Company: Credit Acceptance Corporation
Country: USA
State: Michigan
City: Southfield
ZIP: 48034
Address: 25505 West Twelve Mile Road, Suite 3000
Phone: 8007167376

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