<SEC-DOCUMENT>0001415889-17-000237.txt : 20170209
<SEC-HEADER>0001415889-17-000237.hdr.sgml : 20170209
<ACCEPTANCE-DATETIME>20170209171118
ACCESSION NUMBER:		0001415889-17-000237
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170207
FILED AS OF DATE:		20170209
DATE AS OF CHANGE:		20170209

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CREDIT ACCEPTANCE CORP
		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 WEST TWELVE MILE ROAD
		CITY:			SOUTHFIELD
		STATE:			MI
		ZIP:			48034-8334
		BUSINESS PHONE:		2483532700

	MAIL ADDRESS:	
		STREET 1:		25505 WEST TWELVE MILE ROAD
		CITY:			SOUTHFIELD
		STATE:			MI
		ZIP:			48034-8334

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CREDIT ACCEPTANCE CORPORATION
		DATE OF NAME CHANGE:	19930328

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			FOSS DONALD A
		CENTRAL INDEX KEY:			0000901185

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20202
		FILM NUMBER:		17588459

	MAIL ADDRESS:	
		STREET 1:		25505 WEST TWELVE MILE ROAD
		STREET 2:		SUITE 4125
		CITY:			SOUTHFIELD
		STATE:			MI
		ZIP:			48034
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4-02092017_020208.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2017-02-07</periodOfReport>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000901185</rptOwnerCik>
            <rptOwnerName>FOSS DONALD A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>25505 WEST TWELVE MILE ROAD</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 4125</rptOwnerStreet2>
            <rptOwnerCity>SOUTHFIELD</rptOwnerCity>
            <rptOwnerState>MI</rptOwnerState>
            <rptOwnerZipCode>48034</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>false</isDirector>
            <isOfficer>false</isOfficer>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>false</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2017-02-07</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>660000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>194</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3254492</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes></footnotes>

    <ownerSignature>
        <signatureName>/s/ Bradley J. Wyatt, Attorney-in-Fact</signatureName>
        <signatureDate>2017-02-09</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>ex24-02092017_020208.htm
<TEXT>
<!DOCTYPE html PUBLIC "-//IETF//DTD HTML//EN">
<html><head><title>POWER OF ATTORNEY FOR</title><meta name="author" content="*"><meta name="date" content="01/04/2017"></head><body style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<p style="margin:0px; font-size:12pt" align="justify">LIMITED POWER OF </p>
<p style="margin:0px; font-size:12pt" align="justify">ATTORNEY FOR </p>
<p style="margin:0px; font-size:12pt" align="justify">SECTION 16 </p>
<p style="margin:0px; font-size:12pt" align="justify">REPORTING OBLIGATIONS</p>
<p style="margin:0px" align="justify"><br></p>
<p style="margin:0px; font-size:12pt" align="justify">Know all by these presents, that </p>
<p style="margin:0px; font-size:12pt" align="justify">the undersigned hereby makes, constitutes</p>
<p style="margin:0px; font-size:12pt" align="justify">and appoints Michael T. Raymond, </p>
<p style="margin:0px; font-size:12pt" align="justify">Bradley J. Wyatt, and Zane S. Hatahet</p>
<p style="margin:0px; font-size:12pt" align="justify">as the undersigned's true and lawful </p>
<p style="margin:0px; font-size:12pt" align="justify">attorney-in-fact, singing singly, with full power</p>
<p style="margin:0px; font-size:12pt" align="justify">and authority as hereinafter described </p>
<p style="margin:0px; font-size:12pt" align="justify">on behalf of and in the name, place </p>
<p style="margin:0px; font-size:12pt" align="justify">and stead of the undersigned to:</p>
<p style="margin:0px; font-size:12pt" align="justify">(1) prepare, execute, acknowledge, </p>
<p style="margin:0px; font-size:12pt" align="justify">deliver and file Forms 3, 4, and 5 </p>
<p style="margin:0px; font-size:12pt" align="justify">(including any amendments thereto) </p>
<p style="margin:0px; font-size:12pt" align="justify">with respect to the securities of Credit Acceptance </p>
<p style="margin:0px; font-size:12pt" align="justify">Corporation, a Michigan corporation </p>
<p style="margin:0px; font-size:12pt" align="justify">(the "Company"), with the United States </p>
<p style="margin:0px; font-size:12pt" align="justify">Securities and Exchange Commission, </p>
<p style="margin:0px; font-size:12pt" align="justify">any national securities exchanges and </p>
<p style="margin:0px; font-size:12pt" align="justify">the Company, as considered necessary </p>
<p style="margin:0px; font-size:12pt" align="justify">or advisable under Section 16(a) of </p>
<p style="margin:0px; font-size:12pt" align="justify">the Securities Exchange Act of 1934 and </p>
<p style="margin:0px; font-size:12pt" align="justify">the rules and regulations promulgated </p>
<p style="margin:0px; font-size:12pt" align="justify">thereunder, as amended from time to </p>
<p style="margin:0px; font-size:12pt" align="justify">time (the "Exchange Act");</p>
<p style="margin:0px; font-size:12pt" align="justify">(2) seek or obtain, as the undersigned's </p>
<p style="margin:0px; font-size:12pt" align="justify">representative and on the undersigned's </p>
<p style="margin:0px; font-size:12pt" align="justify">behalf, information on transactions in the </p>
<p style="margin:0px; font-size:12pt" align="justify">Company's securities from any third </p>
<p style="margin:0px; font-size:12pt" align="justify">party, including brokers, employee benefit </p>
<p style="margin:0px; font-size:12pt" align="justify">plan administrators and trustees, and the </p>
<p style="margin:0px; font-size:12pt" align="justify">undersigned hereby authorizes any such </p>
<p style="margin:0px; font-size:12pt" align="justify">person to release any such information to </p>
<p style="margin:0px; font-size:12pt" align="justify">such attorney-in-fact and approves and </p>
<p style="margin:0px; font-size:12pt" align="justify">ratifies any such release of information; and</p>
<p style="margin:0px; font-size:12pt" align="justify">(3) perform any and all other acts which </p>
<p style="margin:0px; font-size:12pt" align="justify">in the discretion of such attorney-in-fact </p>
<p style="margin:0px; font-size:12pt" align="justify">are necessary or desirable for and on behalf </p>
<p style="margin:0px; font-size:12pt" align="justify">of the undersigned in connection with the </p>
<p style="margin:0px; font-size:12pt" align="justify">foregoing.</p>
<p style="margin:0px" align="justify"><br></p>
<p style="margin:0px; font-size:12pt" align="justify">The undersigned acknowledges that:</p>
<p style="margin:0px; font-size:12pt" align="justify">(1) this Power of Attorney authorizes, </p>
<p style="margin:0px; font-size:12pt" align="justify">but does not require, such attorney-in-fact </p>
<p style="margin:0px; font-size:12pt" align="justify">to act in their discretion on information </p>
<p style="margin:0px; font-size:12pt" align="justify">provided to such attorney-in-fact without </p>
<p style="margin:0px; font-size:12pt" align="justify">independent verification of such information;</p>
<p style="margin:0px; font-size:12pt" align="justify">(2) any documents prepared and/or </p>
<p style="margin:0px; font-size:12pt" align="justify">executed by such attorney-in-fact on </p>
<p style="margin:0px; font-size:12pt" align="justify">behalf of the undersigned pursuant to </p>
<p style="margin:0px; font-size:12pt" align="justify">this Power of Attorney will be in such </p>
<p style="margin:0px; font-size:12pt" align="justify">form and will contain such information </p>
<p style="margin:0px; font-size:12pt" align="justify">and disclosure as such attorney-in-fact, </p>
<p style="margin:0px; font-size:12pt" align="justify">in his or her discretion, deems necessary or </p>
<p style="margin:0px; font-size:12pt" align="justify">desirable; </p>
<p style="margin:0px; font-size:12pt" align="justify">(3) neither the Company </p>
<p style="margin:0px; font-size:12pt" align="justify">nor such attorney-in-fact</p>
<p style="margin:0px; font-size:12pt" align="justify">assumes (i) any liability for the undersigned's</p>
<p style="margin:0px; font-size:12pt" align="justify">responsibility to comply with the </p>
<p style="margin:0px; font-size:12pt" align="justify">requirement of the Exchange Act, </p>
<p style="margin:0px; font-size:12pt" align="justify">(ii) any liability of the undersigned for any </p>
<p style="margin:0px; font-size:12pt" align="justify">failure to comply with such requirements, </p>
<p style="margin:0px; font-size:12pt" align="justify">or (iii) any obligation or liability of the </p>
<p style="margin:0px; font-size:12pt" align="justify">undersigned for profit disgorgement under</p>
<p style="margin:0px; font-size:12pt" align="justify">Section 16(b) of the Exchange Act; and</p>
<p style="margin:0px; font-size:12pt" align="justify">(4) this Power of Attorney does not relieve </p>
<p style="margin:0px; font-size:12pt" align="justify">the undersigned from responsibility for </p>
<p style="margin:0px; font-size:12pt" align="justify">compliance with the undersigned's </p>
<p style="margin:0px; font-size:12pt" align="justify">obligations under the Exchange Act, </p>
<p style="margin:0px; font-size:12pt" align="justify">including without limitation the reporting </p>
<p style="margin:0px; font-size:12pt" align="justify">requirements under Section 16 of the Exchange Act.</p>
<p style="margin:0px; font-size:12pt" align="justify">The undersigned hereby gives and grants </p>
<p style="margin:0px; font-size:12pt" align="justify">the foregoing attorney-in-fact full power and </p>
<p style="margin:0px; font-size:12pt" align="justify">authority to do and perform all and every</p>
<p style="margin:0px; font-size:12pt" align="justify">act and thing whatsoever requisite, necessary</p>
<p style="margin:0px; font-size:12pt" align="justify">or appropriate to be done in and about the </p>
<p style="margin:0px; font-size:12pt" align="justify">foregoing matters as fully to all intents and </p>
<p style="margin:0px; font-size:12pt" align="justify">purposes as the undersigned might or could do </p>
<p style="margin:0px; font-size:12pt" align="justify">if present, hereby ratifying all that such </p>
<p style="margin:0px; font-size:12pt" align="justify">attorney-in-fact of, for and on behalf of the </p>
<p style="margin:0px; font-size:12pt" align="justify">undersigned, shall lawfully do or cause to be </p>
<p style="margin:0px; font-size:12pt" align="justify">done by virtue of this Limited Power of Attorney.</p>
<p style="margin:0px; font-size:12pt" align="justify">This Power of Attorney shall remain in full force </p>
<p style="margin:0px; font-size:12pt" align="justify">and effect until revoked by the undersigned in a </p>
<p style="margin:0px; font-size:12pt" align="justify">signed writing delivered to such attorney-in-fact.</p>
<p style="margin:0px; font-size:12pt" align="justify">IN WITNESS WHEREOF, the undersigned has </p>
<p style="margin:0px; font-size:12pt" align="justify">caused this Power of Attorney to be executed </p>
<p style="margin:0px; font-size:12pt" align="justify">as of this 20th day of January, 2017.</p>
<p style="margin:0px" align="justify"><br></p>
<p style="margin:0px" align="justify"><br></p>
<p style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:12pt; float:left">By: <u>/s/ </u></p>
<p style="margin:0px; text-indent:-2px; font-size:12pt" align="justify"><u>Donald A. Foss</u></p>
<p style="margin:0px; font-size:12pt; clear:left" align="justify">Print Name: <u>Donald A. Foss</u></p>
<p style="margin:0px" align="justify"><br></p>
<p style="margin:0px; font-size:12pt" align="justify">STATE OF MICHIGAN</p>
<p style="margin:0px; font-size:12pt" align="justify">COUNTY OF OAKLAND</p>
<p style="margin:0px" align="justify"><br></p>
<p style="margin:0px; font-size:12pt" align="justify">On this 20th day of January, 2017, </p>
<p style="margin:0px; font-size:12pt" align="justify">Donald A. Foss personally appeared </p>
<p style="margin:0px; font-size:12pt" align="justify">before me, and acknowledged that he </p>
<p style="margin:0px; font-size:12pt" align="justify">executed the foregoing instrument for </p>
<p style="margin:0px; font-size:12pt" align="justify">the purposes therein contained.</p>
<p style="margin:0px" align="justify"><br></p>
<p style="margin:0px; font-size:12pt" align="justify">IN WITNESS WHEREOF, I have </p>
<p style="margin:0px; font-size:12pt" align="justify">hereunto set my hand and official seal.</p>
<p style="margin:0px; font-size:12pt" align="justify"><u>/s/ Wendy Mack</u></p>
<p style="margin:0px; font-size:12pt" align="justify">Notary Public</p>
<p style="margin:0px" align="justify"><br></p>
<p style="margin:0px; font-size:12pt" align="justify">Wendy Mack</p>
<p style="margin:0px; font-size:12pt" align="justify">Notary Public &#150; Michigan</p>
<p style="margin:0px; font-size:12pt" align="justify">Macomb County</p>
<p style="margin:0px; font-size:12pt" align="justify">My Commission Expires Jul 2, 2021</p>
<p style="margin:0px; font-size:12pt" align="justify">Acting in the County of Oakland</p>
<p style="margin:0px" align="justify"><br><br><br></p>
</body></html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
