Attached files
| file | filename |
|---|---|
| 8-K - 8-K DATED SEPTEMBER 16, 2013 - CREDIT ACCEPTANCE CORP | cacc_invstrqa8k.htm |
EXHIBIT 99.1
Question
On the loans that you originated in Q2 2013, what impact would a 1% increase in the advance rate have on the yield of these loans?
Answer
Assuming that the loans performed exactly as expected, a 1% increase in the advance rate would have reduced our yield on these loans by approximately 1%.