Ok I bought a 1998 mustang from a local dealer back in 2002 and financed with Credit Acceptance Corp. The dealer ship a JD on telegraph rd in Taylor Michigan was great and the car was in great condition. I'm an ASE certified tech and checked the vehicle out and got a good deal. Unfortunately, that the end of the good news.
Credit Acceptance Corp was a complete pain in the um butt. I had the payments electronically withdrawal from my account but they would still call and harass me for late payments when it was there own dumb fault for not taking the money from my account. When I got layed off from my job I called them and made and agreement that for the next 3 months I could make half payments and the other half would be tacked onto the loan.
After 2 months I had gotten a new job, called one of their reps and told them I would be sending them a double payment and the following month I would be able to make the normal payment. A week after that call I wake up to a repo truck hooking up to my car. I called Credit Acceptance Corp and they told me I had to pay the remainder of the 2 previous month's payment plus the next 2 months payments plus the $500 repo charge. I was able beg and borrow enough to get my car out. Then a year later the car was totaled when an F-150 flew around a corner and hit it when it was parked the insurance company totaled it but would only pay six grand for it, and I still owed almost nine on it, the so called gap coverage they offer would not cover that much of a difference. I've never paid them the balance and don't ever plan on doing so. I've threatened there collectors enough that they don't call me anymore
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