UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM ABS-15G

ASSET-BACKED SECURITIZER
REPORT PURSUANT TO SECTION 15G OF
THE SECURITIES EXCHANGE ACT OF 1934


Check the appropriate box to indicate the filing obligation which this form is intended to satisfy:

☐ Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period:
to

Date of Report (Date of earliest event reported):

Commission File Number of securitizer:

Central Index Key Number of securitizer:

Name and telephone number, including area code, of the person to
contact in connection with this filing

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐

þ Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2).

Central Index Key Number of depositor: 0000885550
Credit Acceptance Auto Loan Trust 2024-3
(Exact name of issuing entity as specified in its charter)

Commission File Number of issuing entity (if applicable):
Central Index Key Number of underwriter (if applicable):
Douglas W. Busk, Chief Treasury Officer, (248) 353-2700 (ext. 4432)
Name and telephone number, including area code, of the person to
contact in connection with this filing


Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer

Attached as Exhibit 99.1 hereto is a Report of Independent Certified Public Accountants, dated September 6, 2024, of Grant Thornton LLP, which report sets forth the findings and conclusions, as applicable, of Grant Thornton LLP with respect to certain agreed-upon procedures performed by Grant Thornton LLP.




























EXHIBIT INDEX

Exhibit No.
Description
Report of Independent Certified Public Accountants, dated September 6, 2024, of Grant Thornton LLP.



SIGNATURE



Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


CREDIT ACCEPTANCE CORPORATION
(Depositor)
By:
/s/ Douglas W. Busk
Name:
Douglas W. Busk
Title:
Chief Treasury Officer

Date: September 6, 2024



Exhibit 99.1

ITEM 4 AND ITEM 5

REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
Board of Directors and Management of Credit Acceptance Corporation, Credit Acceptance Auto Loan Trust 2024-3, and Wells Fargo Securities, LLC:
We have performed the procedures enumerated below, on certain information with respect to attributes of Credit Acceptance Corporation’s (the “Company”) retail installment contracts (the “Consumer Loans”) as of July 31, 2024 (the “Subject Matter”) related to Credit Acceptance Auto Loan Trust 2024-3’s (the “Issuer”) issuance of certain classes of Notes (the “Securitization Transaction”). The Company’s management is responsible for the data file accurately representing the information included in the underlying asset documents and the disclosed assumptions and methodologies.
The Company has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting specified parties in evaluating the Subject Matter. This report may not be suitable for any other purpose. Additionally, the Issuer and Wells Fargo Securities, LLC (“Wells Fargo” and together with the Company and the Issuer, the “Specified Parties”) have agreed to and acknowledged that the procedures performed are appropriate for their purposes. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes.
Consequently, we make no representation regarding the appropriateness of the procedures enumerated below either for the purpose for which this report has been requested or for any other purpose.
The procedures we performed on the automobile receivables and our findings are as follows.
1.On August 12, 2024, the Company provided an electronic file (the “Data File”) with information for certain Consumer Loans included in the Securitization Transaction, which the Company represented was as of the close of business on July 31, 2024.
2.Grant Thornton selected one hundred Consumer Loans on a random basis from the Data File. The sample of contracts is listed in Exhibit A. For each of the selected Consumer Loans we compared the following information, designated by Wells Fargo, to the related Consumer Loan provided by the Company, and in instances where consumers changed their address subsequent to the origination of their Consumer Loan, we compared the state to other Company records.

a.Consumer Loan number
b.Original amount financed
c.First payment date (scheduled)
d.Original term to maturity
e.Monthly payment
f.Interest rate
g.State
h.Compared the Vehicle Identification Number (“VIN”) on the Consumer Loan to the VIN on the title document (actual title, title application, VINtek, or acceptable proof of lien, as applicable)
We defined the term “compare” as meaning we compared to the information shown in the Data File and found it to be in agreement. Such information was deemed to be in agreement if differences were attributable to rounding. The term “rounding” was defined as meaning amounts and percentages that were within $1 and 0.1%, respectively. We noted no exceptions.
We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the Subject Matter. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.


Our agreed-upon procedures engagement was not conducted for the purpose of the following:
•Addressing the conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria, or other requirements
•Addressing the value of collateral securing any such assets being securitized
•Addressing the compliance of the originator of the assets with federal, state, and local laws and regulations
•Satisfying any criteria for due diligence published by a nationally recognized statistical rating organization
•Addressing any other factor or characteristic of the assets that would be material to the likelihood that the issuer of the asset-backed security will pay interest and principal in accordance with applicable terms and conditions
•Forming any conclusions
•Any other terms or requirements of the transaction that do not appear in this report.
We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.
This report is intended solely for the information and use of the Specified Parties. It is not intended to be, and should not be, used by anyone other than these specified parties, including investors and rating agencies, who are not identified as specified parties but who may have access to this report as required by law or regulation.
/s/ GRANT THORNTON LLP
Southfield, Michigan
September 6, 2024




























Exhibit A

SampleConsumer Loan NumberSampleConsumer Loan NumberSampleConsumer Loan Number
1XXXXX925535XXXXX044169XXXXX1865
2XXXXX714336XXXXX055270XXXXX8787
3XXXXX421537XXXXX088271XXXXX8198
4XXXXX496438XXXXX607172XXXXX0834
5XXXXX464139XXXXX188873XXXXX7003
6XXXXX042340XXXXX574274XXXXX4384
7XXXXX552041XXXXX744375XXXXX8295
8XXXXX072842XXXXX335776XXXXX1156
9XXXXX718943XXXXX544677XXXXX1846
10XXXXX519044XXXXX158578XXXXX8140
11XXXXX691545XXXXX886079XXXXX3030
12XXXXX462146XXXXX216780XXXXX7191
13XXXXX075947XXXXX958981XXXXX7326
14XXXXX332048XXXXX630182XXXXX8852
15XXXXX456149XXXXX569583XXXXX9677
16XXXXX957850XXXXX167384XXXXX0668
17XXXXX778051XXXXX672585XXXXX9610
18XXXXX096152XXXXX971986XXXXX2704
19XXXXX101353XXXXX667287XXXXX6473
20XXXXX547754XXXXX024488XXXXX3739
21XXXXX169255XXXXX363489XXXXX2951
22XXXXX519956XXXXX026790XXXXX9342
23XXXXX438757XXXXX758691XXXXX6761
24XXXXX528658XXXXX832192XXXXX2864
25XXXXX163459XXXXX731693XXXXX0746
26XXXXX678560XXXXX800994XXXXX0335
27XXXXX320561XXXXX002295XXXXX7358
28XXXXX136462XXXXX942796XXXXX6969
29XXXXX691263XXXXX320597XXXXX5767
30XXXXX736464XXXXX308898XXXXX5968
31XXXXX479765XXXXX920999XXXXX0132
32XXXXX877566XXXXX2479100XXXXX9509
33XXXXX740467XXXXX9683  
34XXXXX023268XXXXX3775  




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