Statement of Changes of Beneficial Ownership

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* KNOBLAUCH MICHAEL W	2. Issuer Name and Ticker or Trading Symbol CREDIT ACCEPTANCE CORP [ CACC ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __ X __ Officer (give title below) _____ Other (specify below) SVP Loan Servicing
(Last) (First) (Middle) 25505 WEST TWELVE MILE ROAD	3. Date of Earliest Transaction (MM/DD/YYYY) 11/4/2009
(Street) SOUTHFIELD, MI 48034-8334 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/4/2009		M		1805	A	$3.625	45971 ⁽¹⁾	D
Common Stock	11/4/2009		S		1805	D	$34.50	44166 ⁽¹⁾	D
Common Stock	11/5/2009		M		27415	A	$3.625	71581 ⁽¹⁾	D
Common Stock	11/5/2009		S		3210	D	$34.00	68371 ⁽¹⁾	D
Common Stock	11/5/2009		S		600	D	$34.005	67771 ⁽¹⁾	D
Common Stock	11/5/2009		S		700	D	$34.01	67071 ⁽¹⁾	D
Common Stock	11/5/2009		S		800	D	$34.02	66271 ⁽¹⁾	D
Common Stock	11/5/2009		S		713	D	$34.03	65558 ⁽¹⁾	D
Common Stock	11/5/2009		S		900	D	$34.04	64658 ⁽¹⁾	D
Common Stock	11/5/2009		S		100	D	$34.045	64558 ⁽¹⁾	D
Common Stock	11/5/2009		S		800	D	$34.05	63758 ⁽¹⁾	D
Common Stock	11/5/2009		S		80	D	$34.055	63678 ⁽¹⁾	D
Common Stock	11/5/2009		S		700	D	$34.06	62978 ⁽¹⁾	D
Common Stock	11/5/2009		S		200	D	$34.065	62778 ⁽¹⁾	D
Common Stock	11/5/2009		S		971	D	$34.07	61807 ⁽¹⁾	D
Common Stock	11/5/2009		S		500	D	$34.075	61307 ⁽¹⁾	D
Common Stock	11/5/2009		S		150	D	$34.08	61157 ⁽¹⁾	D
Common Stock	11/5/2009		S		100	D	$34.082	61057 ⁽¹⁾	D
Common Stock	11/5/2009		S		300	D	$34.09	60757 ⁽¹⁾	D
Common Stock	11/5/2009		S		196	D	$34.092	60561 ⁽¹⁾	D
Common Stock	11/5/2009		S		700	D	$34.095	59861 ⁽¹⁾	D
Common Stock	11/5/2009		S		500	D	$34.097	59361 ⁽¹⁾	D
Common Stock	11/5/2009		S		172	D	$34.10	59189 ⁽¹⁾	D
Common Stock	11/5/2009		S		100	D	$34.105	59089 ⁽¹⁾	D
Common Stock	11/5/2009		S		100	D	$34.11	58989 ⁽¹⁾	D
Common Stock	11/5/2009		S		300	D	$34.115	58689 ⁽¹⁾	D
Common Stock	11/5/2009		S		528	D	$34.12	58161 ⁽¹⁾	D
Common Stock	11/5/2009		S		300	D	$34.125	57861 ⁽¹⁾	D
Common Stock	11/5/2009		S		100	D	$34.13	57761 ⁽¹⁾	D
Common Stock	11/5/2009		S		100	D	$34.135	57661 ⁽¹⁾	D

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$3.625	11/4/2009		M			1805	⁽²⁾	12/31/2009	Common Stock	1805	$0.00	98195	D
Employee Stock Option (right to buy)	$3.625	11/5/2009		M			27415	⁽²⁾	12/31/2009	Common Stock	27415	$0.00	70780	D

Explanation of Responses:
( 1)	Includes 1,844 shares of unvested time-based restricted stock under the Company's Incentive Compensation Plan.
( 2)	The employee stock options vested in installments based on the Company's satisfaction of certain performance-related criteria and became vested in full on February 27, 2006.

Remarks:
This Form 4 is 1 of 2 filed for the exercise and sale of Mr. Knoblauch's employee stock options on November 4, 2009 and November 5, 2009.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
KNOBLAUCH MICHAEL W 25505 WEST TWELVE MILE ROAD SOUTHFIELD, MI 48034-8334			SVP Loan Servicing

Signatures
/s/ Michael W. Knoblauch		11/6/2009
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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