Automotive Credit Corporation
Automotive Credit Corporation, founded in Michigan in 1992 and headquartered in Southfield, focuses on sub-prime automobile finance, partnering with thousands of dealers across the U.S. to provide flexible financing options for consumer, commercial, and mobility vehicles.
Company History
Automotive Credit Corporation was founded in Michigan in 1992. Since its establishment, the company has specialized in the sub-prime automobile finance market. Headquartered in Southfield, Michigan, it partners with thousands of dealers throughout the United States, facilitating the purchase of installment contracts from both independent and franchised automobile dealers.
Services
Automotive Credit Corporation provides a range of financing options for consumer vehicles, commercial vehicles, and mobility vehicles. Their credit approvals are quick, usually taking only a few minutes, and they offer funding programs that can finalize within 24 hours. The company also provides flexible and convenient payment options, including online payments and PayNearMe.
Technological Investments
The company invests significantly in technology and systems to reduce paperwork and streamline the application process. They use a proprietary pricing model to offer flexible deal structures and maintain a secure customer portal for account management, scheduling payments, and setting up autopay. On August 24, 2022, they launched a new website to enhance user experience.
Insurance Policies
Automotive Credit Corporation requires comprehensive and collision insurance for the life of the contract. If the borrower does not have their own coverage, the company provides a Collateral Protection Insurance (CPI) policy. Additionally, the company reports to major credit bureaus twice a month, ensuring that customers' credit activities are accurately recorded.
Employee Benefits
Automotive Credit Corporation offers a range of benefits to its employees. These include medical, vision, and dental insurance, flexible spending accounts, a 401k plan with company match, profit sharing, paid holidays, cultural pride day, and volunteer day. These benefits reflect the company's commitment to the well-being and professional satisfaction of its workforce.