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
                                                                                  
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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)

11/5/2009
(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)
Code V Amount (A) or (D) Price
Common Stock   11/5/2009     S    500   D $34.15   57161   (1) D    
Common Stock   11/5/2009     S    100   D $34.16   57061   (1) D    
Common Stock   11/5/2009     S    200   D $34.17   56861   (1) D    
Common Stock   11/5/2009     S    100   D $34.18   56761   (1) D    
Common Stock   11/5/2009     S    1000   D $34.20   55761   (1) D    
Common Stock   11/5/2009     S    100   D $34.205   55661   (1) D    
Common Stock   11/5/2009     S    200   D $34.21   55461   (1) D    
Common Stock   11/5/2009     S    100   D $34.212   55361   (1) D    
Common Stock   11/5/2009     S    100   D $34.22   55261   (1) D    
Common Stock   11/5/2009     S    100   D $34.23   55161   (1) D    
Common Stock   11/5/2009     S    8300   D $34.25   46861   (1) D    
Common Stock   11/5/2009     S    500   D $34.26   46361   (1) D    
Common Stock   11/5/2009     S    1400   D $34.27   44961   (1) D    
Common Stock   11/5/2009     S    100   D $34.275   44861   (1) D    
Common Stock   11/5/2009     S    100   D $34.28   44761   (1) D    
Common Stock   11/5/2009     S    195   D $34.29   44566   (1) D    
Common Stock   11/5/2009     S    100   D $34.30   44466   (1) D    
Common Stock   11/5/2009     S    100   D $34.33   44366   (1) D    
Common Stock   11/5/2009     S    100   D $34.34   44266   (1) D    
Common Stock   11/5/2009     S    100   D $34.35   44166   (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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  Includes 1,844 shares of unvested time-based restricted stock under the Company's Incentive Compensation Plan.

Remarks:
This Form 4 is 2 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
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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