We have found tremendous success with Credit Acceptance. With it, our auto group has thrived and we have increased our used car sales by over 10% because of the amount of deals that we are able to do now with Credit Acceptance.
We prefer to use Credit Acceptance over other subprime lenders because they service our customers better and they also get us our money faster. We have deals funded on the Credit Acceptance program within the first 24 hours of contracting it so it's really an ease of cash flow.
The great thing about using Credit Acceptance is that there is no turn-down. Every consumer is approved. The efficiency of being able to scan stips on your phone and get the consumer pre-approved in a timely manner also helps us, the dealer, tremendously. Credit Acceptance makes it easy with technology such as eContracting, getting us our money faster. I've had customers whose deals were funded within two hours of leaving the dealership and we don't get that with any other lender in the auto industry.
We really value Credit Acceptance more today than we ever have. We're looking forward to the long-term future that we have with Credit Acceptance.