XML 50 R74.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Debt (Schedule Of General Information Of Financing Transaction) (Details) - USD ($) |  |  | 12 Months Ended |
--- | --- | --- | --- | ---
Mar. 30, 2015 | Jan. 22, 2014 | Dec. 31, 2019 | Dec. 31, 2018
Revolving Secured Line Of Credit [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Wholly-owned Subsidiary |  |  |  | n/a |  |
Debt maturity date |  |  |  | Jun. 22, 2022 |  |
Financing Amount |  |  |  | $ 340,000,000.0 |  |
Revolving Secured Line Of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  |  |  | 18750.00% |  |
Revolving Secured Line Of Credit [Member] | Prime Rate [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  |  |  | 8750.00% |  |
Warehouse Facility II [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Wholly-owned Subsidiary | [1] |  |  | CAC Warehouse Funding Corp. II |  |
Debt maturity date | [2] |  |  | Jul. 12, 2022 |  |
Debt financing amount |  |  |  | $ 400,000,000.0 | [3] | $ 400,000,000.0
Warehouse Facility II [Member] | London Interbank Offered Rate (LIBOR) [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  |  |  | 17500.00% |  |
Warehouse Facility IV [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Wholly-owned Subsidiary | [1] |  |  | CAC Warehouse Funding LLC IV |  |
Debt maturity date | [2] |  |  | Jul. 26, 2022 |  |
Debt financing amount |  |  |  | $ 300,000,000.0 | [3] | 250,000,000.0
Warehouse Facility IV [Member] | London Interbank Offered Rate (LIBOR) [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  |  |  | 20000.00% |  |
Warehouse Facility V [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Wholly-owned Subsidiary | [1] |  |  | CAC Warehouse Funding LLC V |  |
Debt maturity date | [4] |  |  | Aug. 17, 2021 |  |
Debt financing amount |  |  |  | $ 100,000,000.0 | [3] | 100,000,000.0
Warehouse Facility V [Member] | London Interbank Offered Rate (LIBOR) [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  |  |  | 19000.00% |  |
Warehouse Facility VI [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Wholly-owned Subsidiary | [1] |  |  | CAC Warehouse Funding LLC VI |  |
Debt maturity date | [2] |  |  | Sep. 30, 2022 |  |
Debt financing amount |  |  |  | $ 75,000,000.0 |  |
Warehouse Facility VI [Member] | London Interbank Offered Rate (LIBOR) [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  |  |  | 20000.00% |  |
Warehouse Facility VII [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Wholly-owned Subsidiary | [1] |  |  | CAC Warehouse Funding LLC VII |  |
Debt maturity date | [5] |  |  | Dec. 16, 2021 |  |
Debt financing amount |  |  |  | $ 150,000,000.0 | [3] | 150,000,000.0
Warehouse Facility VII [Member] | Commercial Paper Offered Rate [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  |  |  | 20000.00% |  |
Warehouse Facility VIII [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Wholly-owned Subsidiary | [1] |  |  | CAC Warehouse Funding LLC VIII |  |
Debt maturity date | [2] |  |  | Jul. 26, 2022 |  |
Debt financing amount | [3] |  |  | $ 200,000,000.0 |  |
Warehouse Facility VIII [Member] | London Interbank Offered Rate (LIBOR) [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  |  |  | 19000.00% |  |
Term ABS 2016-1 [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt financing amount |  |  |  |  |  | $ 125,300,000
Term ABS 2016-3 [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Wholly-owned Subsidiary | [1] |  |  | Credit Acceptance Funding LLC 2016-3 |  |
Debt maturity date | [2] |  |  | Oct. 15, 2018 |  |
Debt financing amount |  |  |  | $ 350,000,000.0 |  |
Term ABS 2017-1 [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Wholly-owned Subsidiary | [1] |  |  | Credit Acceptance Funding LLC 2017-1 |  |
Debt maturity date | [2] |  |  | Feb. 15, 2019 |  |
Debt financing amount |  |  |  | $ 350,000,000.0 |  |
Term ABS 2017-2 [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Wholly-owned Subsidiary | [1] |  |  | Credit Acceptance Funding LLC 2017-2 |  |
Debt maturity date | [2] |  |  | Jun. 17, 2019 |  |
Debt financing amount |  |  |  | $ 450,000,000.0 |  |
Term ABS 2017-3 [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Wholly-owned Subsidiary | [1] |  |  | Credit Acceptance Funding LLC 2017-3 |  |
Debt maturity date | [2] |  |  | Oct. 15, 2019 |  |
Debt financing amount |  |  |  | $ 350,000,000.0 |  |
Term ABS 2018-1 [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Wholly-owned Subsidiary | [1] |  |  | Credit Acceptance Funding LLC 2018-1 |  |
Debt maturity date | [2] |  |  | Feb. 17, 2020 |  |
Debt financing amount |  |  |  | $ 500,000,000.0 |  |
Term ABS 2018-2 [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Wholly-owned Subsidiary | [1] |  |  | Credit Acceptance Funding LLC 2018-2 |  |
Debt maturity date | [2] |  |  | May 15, 2020 |  |
Debt financing amount |  |  |  | $ 450,000,000.0 |  |
Term ABS 2018-3 [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Wholly-owned Subsidiary | [1] |  |  | Credit Acceptance Funding LLC 2018-3 |  |
Debt maturity date | [2] |  |  | Aug. 17, 2020 |  |
Debt financing amount |  |  |  | $ 398,300,000 |  |
Term ABS 2019-1 [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Wholly-owned Subsidiary | [1] |  |  | Credit Acceptance Funding LLC 2019-1 |  |
Debt maturity date | [2] |  |  | Feb. 15, 2021 |  |
Debt financing amount |  |  |  | $ 402,500,000 |  |
Term ABS 2019-2 [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Wholly-owned Subsidiary | [1] |  |  | Credit Acceptance Funding LLC 2019-2 |  |
Debt maturity date | [6] |  |  | Aug. 15, 2022 |  |
Debt financing amount |  |  |  | $ 500,000,000.0 |  |
Term ABS 2019-3 [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Wholly-owned Subsidiary | [1] |  |  | Credit Acceptance Funding LLC 2019-3 |  |
Debt maturity date | [2] |  |  | Nov. 15, 2021 |  |
Debt financing amount |  |  |  | $ 351,700,000 |  |
2021 Senior Notes [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Wholly-owned Subsidiary |  |  |  | n/a |  |
Debt maturity date |  |  | Feb. 15, 2021 | Feb. 15, 2021 | [7] |
Debt financing amount |  |  | $ 300,000,000.0 | $ 151,800,000 |  |
2023 Senior Notes [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Wholly-owned Subsidiary |  |  |  | n/a |  |
Debt maturity date |  | Mar. 15, 2023 |  | Mar. 15, 2023 | [7] |
Debt financing amount |  | $ 250,000,000.0 |  | $ 250,000,000.0 |  |
2024 Senior Notes [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Wholly-owned Subsidiary |  |  |  | n/a |  |
Debt maturity date |  |  |  | Dec. 31, 2024 |  |
Debt financing amount |  |  |  | $ 400,000,000.0 |  |
2026 Senior Notes [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Wholly-owned Subsidiary |  |  |  | n/a |  |
Debt maturity date |  |  |  | Mar. 15, 2026 |  |
Debt financing amount |  |  |  | $ 400,000,000.0 |  |
Mortgage [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Wholly-owned Subsidiary | [2] |  |  | Chapter 4 Properties, LLC |  |
Debt maturity date |  |  |  | Aug. 06, 2023 |  |
Debt financing amount |  |  |  | $ 12,000,000.0 |  |
Mortgage [Member] | London Interbank Offered Rate (LIBOR) [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  |  |  | 15000.00% |  |
[1] | Financing made available only to a specified subsidiary of the Company
[2] | Represents the revolving maturity date. The outstanding balance will amortize after the revolving maturity date based on the cash flows of the pledged assets.
[3] | Interest rate cap agreements are in place to limit the exposure to increasing interest rates.
[4] | Represents the revolving maturity date. The outstanding balance will amortize after the revolving maturity date and any amounts remaining on August 17, 2023 will be due on that date.
[5] | Represents the revolving maturity date. The outstanding balance will amortize after the revolving maturity date and any amounts remaining on December 16, 2023 will be due on that date.
[6] | Represents the revolving maturity date. The Company has the option to redeem and retire the indebtedness after the revolving maturity date. If we do not elect this option, the outstanding balance will amortize based on the cash flows of the pledged assets.
[7] | On January 17, 2020, we used a portion of the net proceeds from the 2024 senior notes to redeem the remaining $151.8 million outstanding principal amount of the 2021 senior notes. We intend to use the remaining net proceeds from the 2024 senior notes, together with borrowings under our revolving credit facility and cash on hand to the extent available, to redeem in full the $250.0 million outstanding principal amount of the 2023 senior notes on or around March 15, 2020.

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Identification of the contractual issuer of the debt instrument (for example, a subsidiary of the reporting entity). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
Name: | us-gaap_DebtInstrumentIssuer
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(2)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_DebtInstrumentMaturityDate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_DebtInstrumentAxis=us-gaap_LineOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_PrimeRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cacc_WarehouseFacilityIIMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cacc_WarehouseFacilityIVMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cacc_WarehouseFacilityVMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cacc_WarehouseFacilityVIMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cacc_WarehouseFacilityVIIMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=cacc_CommercialPaperOfferedRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cacc_WarehouseFacilityVIIIMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cacc_TermABS20161Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cacc_TermAssetBackedSecuredFinancingsTwoThousandSixteenThreeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cacc_TermAssetBackedSecuredFinancingsTwoThousandSeventeenOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cacc_TermAssetBackedSecuredFinancingsTwoThousandSeventeenTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cacc_TermAssetBackedSecuredFinancingsTwoThousandSeventeenThreeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cacc_TermAssetBackedSecuredFinancingsTwoThousandEighteenOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cacc_TermAssetBackedSecuredFinancingsTwoThousandEighteenTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cacc_TermAssetBackedSecuredFinancingsTwoThousandEighteenThreeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cacc_TermAssetBackedSecuredFinancingsTwoThousandNineteenOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cacc_TermAssetBackedSecuredFinancingsTwoThousandNineteenTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cacc_TermAssetBackedSecuredFinancingsTwoThousandNineteenThreeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cacc_TwoThousandTwentyOneSeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cacc_TwoThousandTwentyThreeSeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cacc_TwoThousandTwentyFourSeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cacc_TwoThousandTwentySixSeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=us-gaap_MortgagesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |