---
schema_version: "secwatch.filing_event.v1"
accession: "0000885550-25-000110"
form_type: "8-K"
ticker: "CACC"
cik: "0000885550"
company_name: "CREDIT ACCEPTANCE CORP"
filed_at: "2025-10-20T23:59:59+00:00"
generated_at: "2026-05-17T03:19:40.977048+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Credit Acceptance reports $12.3B forecasted collections, $4.5B cushion over debt

## Summary
- Total forecasted collections of $12.3B as of Sep 30, 2025; cushion of $4.5B after expenses & $6.4B debt.
- 59 term securitizations totaling $16.6B; structures can withstand 35% decline in forecasted collections before junior bond risk.
- Maintained $1.6B available borrowing capacity on revolver facilities as of Sep 30, 2025.
- Adjusted advance rates on recent vintages to increase margin of safety; forecasts incorporate post-pandemic underperformance.

## SEC filing metadata
- accession: 0000885550-25-000110
- form_type: 8-K
- ticker: CACC
- cik: 0000885550
- company_name: CREDIT ACCEPTANCE CORP
- filed_at: 2025-10-20T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885550/000088555025000110/0000885550-25-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885550/000088555025000110/cacc-20251020.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-25-000110
- JSON: https://secwatch.observer/filing/0000885550-25-000110.json
- Plain text: https://secwatch.observer/filing/0000885550-25-000110.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.