Document:

<PAGE>   1
                                                                EXHIBIT 10(d)(7)

                                                                 For Office Use
                                                                 Dealer Lot No.

                                  [CAC  LOGO]
                         CREDIT ACCEPTANCE CORPORATION

                            Silver Triangle Building
                    25505 West Twelve Mile Road, Suite 3000
                         Southfield, Michigan 48034-8339
                                 (248) 353-2700

<PAGE>   2

                                  [CAC  LOGO]

<TABLE>
<CAPTION>

<S><C>

                                                       DEALERSHIP APPLICATION

Dealership Name:
                ----------------------------------------------------------------------------------------------
                 (Dealership name must agree with State issued license)

Organization Type (check one):  [ ] Corporation  [ ] Partnership  [ ] Sole Proprietorship [ ] LLP  [ ]  LLC

Federal I. D. Number:
                     -----------------------------------------------------------------------------------------
Dealer Social Security Number:
                              --------------------------------------------------------------------------------

Dealer's License Number:                  Installment Seller's License # (if required by State):
                        ------------------                                                      --------------

Dealership Street Address:
                          ------------------------------------------------------------------------------------

Mailing Address:
                ----------------------------------------------------------------------------------------------

                City:                    County:                   State:                       Zip:
                    ---------------------       -------------------      -----------------------    ----------

                Phone #:                                           Fax #:
                        -------------------------------------------      -------------------------------------

Dealer Surety Bond Company:
                           -----------------------------------------------------------------------------------

Are You a Member of NIADA?  [ ] Yes   [ ] No.     If Yes, Your Member Number is
                                                                               -------------------------------

                                                          PERSONAL CONTACTS

Owner:
      --------------------------------------------------------------------------------------------------------

Owner's Home Address:
                     -----------------------------------------------------------------------------------------

Home Phone Number:
                  --------------------------------------------------------------------------------------------

Spouse of Owner:
                ----------------------------------------------------------------------------------------------

CAC Contact at Dealership:
                          ------------------------------------------------------------------------------------

General Manager:
                ----------------------------------------------------------------------------------------------

Used Car Manager:
                 ---------------------------------------------------------------------------------------------

Finance & Insurance Manager:
                            ----------------------------------------------------------------------------------

Office Manager:
                ----------------------------------------------------------------------------------------------

                                                        GENERAL INFORMATION

Bank Affiliation:
                 ---------------------------------------------------------------------------------------------

Number of Stores:
                 ---------------------------------------------------------------------------------------------

                                                        SALES VOLUME HISTORY
                                                            AVERAGE MONTH

New Retail Unit Volume:                                        Used Retail Unit Volume:
                       ----------------------------------------                        ----------------------

Number of Salespeople:     New:                      Used:                        Total:
                               ----------------------     ------------------------      ---------------------

Dealer Referrals:           1                                    2                              3

Contact Person
               ------------------------------   -----------------------------   -----------------------------

Dealership
               ------------------------------   -----------------------------   -----------------------------

City, State
               ------------------------------   -----------------------------   -----------------------------

Phone #
               ------------------------------   -----------------------------   -----------------------------
</TABLE>

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                        SERVICING AGREEMENT INSTRUCTIONS

To begin your association with Credit Acceptance Corporation, you need to
complete the enclosed Servicing Agreement (as explained below). Please attach
your check for the sign up fee ($4,500 for each store). This sign up fee is
non-refundable. Note: you will need to execute one Servicing Agreement and one
Dealer Application (first page) for each store entering the CAC Financing
Program.

YOU MUST ALSO ENCLOSE A COPY OF YOUR DEALER'S LICENSE, DEALER SURETY BOND (IF
REQUIRED IN YOUR STATE) AND INSTALLMENT SELLERS LICENSE WITH THIS SERVICING
AGREEMENT

                       COMPLETING THE SERVICING AGREEMENT

<TABLE>

<S>     <C>
Page 1:  There are four lines that need to be completed.
         (1) Date you are completing Servicing Agreement.
         (2) Legal name of Dealership.
         (3) State of incorporation, or if not incorporated,
             state in which you are registered to do business.
         (4) Address of Dealership.

Page 5:  There are three lines that need to be completed.
         (1) Print the name of your Dealership on the line just above the word
             "Dealership" (leave the other lines blank).
         (2) Sign next to the word "By:"
         (3) Print your title next to the word "Title:"

Page 6:  (Complete only if incorporated.)  There are six blanks to be completed.
              (1) Name of corporate secretary.           (4) Date of completion.
              (2) Name of Dealership.                    (5) Date of completion.
              (3) State of incorporation.                (6) Secretary's signature (with seal if applicable).

Page 6:  (Complete only if incorporated.) There are eight blanks to be completed.
              (1) Name of President of Corporation.      (5) State of Incorporation.
              (2) Name of Vice President of Corporation. (6) Date of execution.
              (3) Name of Secretary of Corporation.      (7) Date of execution.
              (4) Name of Corporation.                   (8) Signature of Secretary (with seal if applicable).
</TABLE>

                              SERVICING AGREEMENT

     This Servicing Agreement, dated as of________, 19__ is made between Credit
Acceptance Corporation, a Michigan corporation (herein, together with its
successors and assigns, called "Servicer"), with offices at 25505 West Twelve
Mile Road, Southfield, Michigan 48034-8339 and ______________________________, a
_________________corporation, sole proprietorship, partnership, LLC, or LLP
(circle one) (herein, together with its permitted successors and assigns, called
"Dealer"), with its executive offices at ______________________________________.

     In consideration of the premises and the mutual agreements contained herein
the parties hereto agree as follows:

ARTICLE I

DEFINITIONS

1.01 DEFINITIONS

     Whenever used in this Agreement, the following words and phrases, unless
     the context otherwise requires, shall have the following meanings:

     "ADMINISTRATIVE EXPENSES" means all costs, fees, charges, attorney fees and
     expenses incurred by Servicer (other than Collection Costs and attorney
     fees incurred in connection with the collection of a Receivable) pursuant
     to Section 4.03.

     "ADVANCE" means an amount advanced to the Dealer pursuant to Section 3.01.

     "AGREEMENT" means this Servicing Agreement as executed by the parties and
     all amendments and supplements hereto.

     "BUSINESS DAY" means any day other than a Saturday, a Sunday, or a holiday.

     "COLLECTION COSTS" means all out-of-pocket costs incurred by Servicer in
     the administration, servicing and collection of a Receivable, including the
     cost of selling and preparing for sale any Financed Vehicle and the costs
     of litigation. Collection Costs also include amounts expended by Servicer
     to maintain any insurance upon a Financed Vehicle.

     "COLLECTIONS" means all collections received by Servicer with respect to a
     Receivable, less any payments required by law to be remitted to the
     Obligor, less any NSF checks.

     "CONFIDENTIAL INFORMATION" means all confidential and/or secret information
     concerning Servicer including, but not limited to, customer lists, names of
     customers and all information developed by and/or for Servicer and/or its
     affiliates, whether now owned or hereafter obtained, concerning plans,
     marketing and sales methods, customer relationships, materials, processes,
     procedures, devices utilized by Servicer and/or its affiliates, business
     forms, costs, prices, suppliers, information concerning past, present or
     future contractors, representatives and past, present and/or future
     customers of Servicer and/or its affiliates, plans for development of new
     or existing products, services and expansion into new areas or markets,
     internal operations and any variations, trade secrets, proprietary
     information and other confidential information of any type together with
     all written, graphic, video and other materials relating to all or any part
     of the same.

     "DISTRIBUTION DATE" means the 10th day of the month, or if such 10th day is
     not a Business Day, the next Business Day.

     "EVENT OF DEFAULT" means an event specified in Section 5.04.

     "FINANCED VEHICLE" means an automobile or light truck, together with all
     accessions thereto, securing an Obligor's indebtedness under a Receivable.

     "NET DOWN PAYMENT" means the amount of "cash" or "trade" down payment paid
     by the Obligor with respect to the purchase of the Financed Vehicle. Dealer
     agrees to disclose on credit applications any and all rebates and source of
     down payment, if known by the dealer. Dealer warrants not to purchase any
     item, transfer funds, include any post dated checks, rebates or installment
     notes to buyer for use as down payment or for any other reason related to
     purchase, and that the down payment has been collected in full prior to
     assignment to "CAC". Failure to disclose such information makes said
     contracts full recourse to dealer and requires immediate payment in full of
     said contracts.

     "OBLIGOR" on a Receivable means the purchaser or the co-purchaser's of a
     Financed Vehicle or any other Person who owes payments under the
     Receivable.

     "PERSON" means a legal person, including any individual, corporation,
     estate, partnership, joint venture, association, joint stock company,
     trust, unincorporated organization, or government or any agency or
     political subdivision thereof.

                                       1
<PAGE>   4

"QUALIFYING RECEIVABLE" means a retail installment sale contract which meets the
Servicer's credit standards and the following specifications:

     (i)    it has not been rescinded and it is a valid, binding and enforceable
     obligation of the Obligor;

     (ii)   it is not in default at the date of transfer to Servicer;

     (iii)  it is owned by the Dealer free and clear of all liens, claims,
     options, encumbrances, security interests and other rights (other than
     liens in favor of Servicer);

     (iv)   it is enforceable against the Obligor for the amount shown as owing
     in the contract and in the records of the Dealer;

     (v)    it complied at the time it was originated or made, and is currently
     in compliance in all respects, with all requirements of applicable federal,
     state and local laws, and regulations thereunder, including, usury laws,
     the Federal Truth-in-Lending Act, the Equal Credit Opportunity Act, the
     Fair Credit Billing Act, the Fair Credit Reporting Act, the Fair Debt
     Collection Practices Act, the Federal Trade Commission Act, the
     Magnuson-Moss Warranty Act, Federal Reserve Board Regulations B, M and Z,
     state adaptations of the National Consumer Act and of the Uniform Consumer
     Credit Code and any other consumer credit or equal opportunity disclosure;

     (vi)   it is not subject to any offset, credit, allowance or adjustment nor
     has the Obligor disputed his or her liability under the contract;

     (vii)  the Dealer has assigned to the Servicer a first and prior perfected
     security interest in the Financed Vehicle securing the performance of the
     Obligor and neither the Receivable nor the security interest in the
     Financed Vehicle has been subordinated;

     (viii) the Financed Vehicle is adequately insured with a policy or policies
     covering damage, destruction and theft of the Financed Vehicle and such
     policies name Servicer as a loss payee;

     (ix)   all representations and warranties contained in the assignment
     section of the retail installment sale contract are true and correct as of
     the date of transfer to the Servicer;

     (x)    the Dealer has complied with the procedures for approval of
     Receivables and making of advances adopted by the Servicer from time to
     time.

     (xi)   all signatures on it are genuine;

     (xii)  Dealer received the cash down payment or trade-in described in the
     contract;

     (xiii) neither Dealer nor, to Dealer's knowledge, any employee or
     representative of the Dealer has lent the Obligor any part of the down
     payment;

     (xiv)  the motor vehicle has never been used as a taxi-cab;

     (xv)   the Dealer delivered the motor vehicle and the motor vehicle
     satisfied all warranties, expressed or implied, made to the Obligor;

     (xvi)  the Obligor owns the motor vehicle free of all liens or encumbrances
     except the security interest granted in the contract; and

     (xvii) all amounts indicated in the Itemization of the Amount Financed have
     been paid.

"RECEIVABLE" means a Qualifying Receivable executed by the Obligor with respect
to a Financed Vehicle, which Receivable shall have been assigned to Servicer for
administration, servicing and collection.

"RECEIVABLE FILES" means all writings (including an executed copy of the retail
installment sale contract) and business records relating to a Receivable.

ARTICLE II

ADMINISTRATION AND SERVICING OF RECEIVABLES

2.01  ACCEPTANCE OF RECEIVABLES; DUTIES OF SERVICER

     (a) The Dealer may submit retail installment sale contracts to the Servicer
     for administration, servicing and collection under the terms of this
     Agreement. Submission of such a contract to the Servicer constitutes a
     representation and warranty by the Dealer that such contracts meets the
     criteria set forth in the definition of Qualifying Receivable.

     (b) If Servicer issues an approval number with respect to a Qualifying
     Receivable, the Dealer shall deliver the Receivable Files to the Servicer
     and assign such Receivable and Dealer's security interest in the Financed
     Vehicle to the Servicer as nominee for the Dealer, which assignment shall
     be for purposes of administration, servicing and collection of the
     Receivable, as well as for security purposes as set forth in Section 2.07.
     Upon the request of Servicer, the Dealer will furnish the Servicer with any
     additional powers of attorney and other documents that the Servicer deems
     necessary or appropriate to enable the Servicer to carry out its
     administration, servicing and collection duties hereunder.

     (c) Servicer's issuance of an approval number shall not be deemed to be
     acceptance of a contract for Servicing hereunder. Acceptance of a
     Qualifying Receivable shall occur only at such time as Servicer receives
     and approves the related Receivable Files.

     (d) If the Servicer accepts such Qualifying Receivable it shall be deemed a
     Receivable under this Agreement and the Servicer will service and
     administer such Receivable on behalf of the Dealer in accordance with the
     terms of this Agreement. The Servicer's duties shall consist of collection
     and posting of all payments; holding the Receivable Files; collecting
     payments due under the Receivables as set forth in Section 2.02 and
     reapplying the amounts so collected in the manner set forth in Section
     3.03; responding to inquiries of Obligor on the Receivables; investigating
     delinquencies; sending monthly payment books and/or receipts to Obligors;
     and furnishing monthly statements to the Dealer. The Servicer is hereby
     authorized and empowered to endorse the Dealer's name on any payments made
     payable to the Dealer and execute and deliver, in the Servicer's own name,
     on behalf of the Dealer, any and all instruments of satisfaction or
     cancellation, or of partial or full release or discharge, and all other
     comparable instruments, with respect to the Receivables or to the Financed
     Vehicles.

     (e) Notwithstanding any provision to the contrary elsewhere in this
     Agreement, the Servicer is acting as an independent contractor, and shall
     have no duties or responsibilities, except those expressly set forth
     herein, or any fiduciary relationship with the Dealer, and no implied
     covenants, functions, responsibilities, duties, obligations or liabilities
     shall be read into this Agreement or otherwise exist with respect to the
     Servicer.

2.02 COLLECTION OF RECEIVABLE PAYMENTS

     The Servicer shall use reasonable efforts to collect all payments called
     for under the terms and provisions of the Receivables as and when the same
     shall become due. If any payments of a Receivable are made to the Dealer
     after such Receivable is accepted by the Servicer under this Agreement, the
     Dealer will immediately forward such payment to the Servicer in the form
     received. The Servicer may, in its discretion, waive any late payment
     charge or any other fee that may be collected in the ordinary course of
     servicing a Receivable.

2.03 REALIZATION UPON REPOSSESSION

     On behalf of the Dealer, at the discretion of the Servicer, the Servicer
     shall use reasonable efforts to repossess or otherwise convert the
     ownership of the Financed Vehicle securing any Receivable, and sell or
     otherwise liquidate the Financed Vehicle. In exercising reasonable efforts
     to sell or otherwise liquidate the Financed Vehicle, the Servicer shall
     follow such practices and procedures as it deems necessary or advisable in
     its servicing of automotive receivables, which may include selling the
     Financed Vehicle at public or private sale.

2.04 PHYSICAL DAMAGE INSURANCE

     If required by the Servicer, the Dealer shall require that each Obligor
     shall have obtained and shall maintain adequate insurance covering damage,
     destruction and theft of the Financed Vehicle, at least in the minimum
     amounts required by law. If the Servicer has required such insurance and
     has determined that an Obligor has allowed any such insurance covering the
     related Financed Vehicle to lapse, the Servicer may place such insurance
     and pay the related premium for the account of the Obligor and the Dealer.

2.05 SECURITY INTERESTS IN FINANCED VEHICLES

     The Dealer will take such steps as are necessary to perfect the security
     interest in the Financed Vehicle in the name of the Servicer, including
     placing the Servicer's name as lienholder on all titles to Financed
     Vehicles.

2.06 ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING RECEIVABLES

     The Dealer shall provide to the Servicer all Receivable Files in its
     possession; provided, however, that this Section 2.06 shall not require the
     Dealer to violate any applicable law prohibiting disclosure of information
     regarding an Obligor.

2.07 SECURITY INTEREST

     The Dealer hereby grants the Servicer a security interest in all
     Receivables now or hereafter transferred to the Servicer pursuant to this
     Agreement and in the Dealer's interest in the Financed Vehicles connected
     therewith, together with all proceeds, as security for the payment of all
     indebtedness of the Dealer to the Servicer, including Advances, Collection
     Costs, Administrative Expenses and any other amount due to the Servicer
     hereunder. This grant of a security interest will survive the termination
     of this Agreement until the Dealer has paid all its obligations to the
     Servicer, including those due under this Agreement, including Advances and
     Collection Costs, in full.

     In addition to the security interest granted above, Dealer, upon demand by
     the Servicer, will grant to Servicer a security interest in all Collateral
     possessed by the Dealer, the term "Collateral" being defined to mean all
     inventory and goods now or hereafter acquired or owned, including, but not
     limited to, goods, tangible property, business records, stock and trade,
     supplies, merchandise used in or sold in the ordinary course of business,
     all machinery, equipment, furniture, ledgers, books, chattels, and all
     other tangible personal property of every nature and description now
     existing or hereafter acquired, together with all substitutions,
     replacements and additions thereto, all contracts, patents, licensing
     agreements, supplier lists, business records, and customer lists together
     with all proceeds and product of all the foregoing.

     Dealer agrees to execute UCC Financing Statements and to take such other
     actions requested by Servicer in order to perfect such security interest of
     Servicer.

ARTICLE III

ADVANCES, DISTRIBUTIONS AND SERVICING FEE

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3.01 ADVANCES

     Upon the acceptance by the Servicer of a Qualifying Receivable under
     Section 2.01, the Servicer may, in its discretion, make an Advance. The
     amount of the Advance will be determined by the applicable advance program
     currently in use by the Servicer in the Dealer's state of operation. Such
     Advances shall be repaid to the Servicer as provided in Section 3.03, and
     shall be repaid immediately upon the termination of this Agreement or upon
     the occurrence of an Event of Default. Servicer may modify from time to
     time its advance methodology upon written notice to the Dealer.

3.02 SERVICING FEE

     As compensation for the services provided by the Servicer to the Dealer,
     the Servicer will retain 20% of all Collections net of Collection Costs.

3.03 APPLICATION OF FUNDS

     Collections received by the Servicer during a calendar month shall be
     applied as follows:

          FIRST, to reimburse Servicer for all Collection Costs;

          SECOND, to pay to Servicer its servicing fee set forth in Section 3.02
          above;

          THIRD, to any outstanding Advances or any other indebtedness or
          amounts owing from the Dealer to the Servicer, including, without
          limitation, the Administrative Expenses and any indemnification
          obligations of Dealer to Servicer pursuant to Section 4.02 of this
          Agreement; and

          FOURTH, to the Dealer.

     All amounts due to the Dealer under this Section 3.03 with respect to
     Collections made during the calendar month shall be paid to the Dealer no
     later than the Distribution Date occurring in the following calendar month.

3.04 STATEMENT TO DEALER

     The Servicer shall provide to the Dealer a statement containing the
     following information:

          (i)  The amounts set forth in Section 3.03;

          (ii) The amount of any distribution to the Dealer.

ARTICLE IV
THE DEALER

4.01 REPRESENTATIONS OF THE DEALER

     The Dealer makes the following representations on which the Servicer is
     relying in accepting the Receivables, and each request by the Dealer to the
     Servicer to administer, service and collect a Receivable under Section 2.01
     will act as a reaffirmation of each of the following representations as of
     the date of such request:

          (i)    ORGANIZATION AND GOOD STANDING. The Dealer is duly organized
          and is validly existing as a corporation in good standing under the
          laws of state of its incorporation, with full power and authority to
          own its properties and to conduct its business, and had at all
          relevant times, and shall have power, authority, and legal right to
          acquire and own the Receivables.

          (ii)   DUE QUALIFICATION. The Dealer is duly qualified to do business
          and has obtained all necessary licenses and approvals in all
          jurisdictions in which the ownership or lease of property or the
          conduct of its business requires such qualification.

          (iii)  POWER AND AUTHORITY. The Dealer has the power and authority to
          execute and deliver this Agreement and to carry out its terms and the
          execution, delivery, and performance of this Agreement has been duly
          authorized by the Dealer by all necessary corporate action.

          (iv)   BINDING OBLIGATIONS. This Agreement constitutes a legal, valid,
          and binding obligation of the Dealer enforceable in accordance with
          its terms, except as enforceability may be limited by bankruptcy,
          insolvency, reorganization, or other similar laws affecting the
          enforcement of creditors' rights in general.

          (v)    NO VIOLATION. The consummation of the transactions contemplated
          by this Agreement and the fulfillment of the terms hereof shall not
          conflict with, result in any breach of any of the terms and provisions
          of, nor constitute (with or without notice of lapse of time) a default
          under any indenture, agreement, or other instrument to which the
          Dealer is a party or by which it shall be bound; nor result in the
          creation or imposition of any lien upon any of its properties pursuant
          to the terms of any such indenture, agreement, or other instrument
          (other than this Agreement); nor violate any law or any order, rule,
          or regulation applicable to the Dealer of any court or of any federal
          or state regulatory body, administrative agency, or other governmental
          instrumentality having jurisdiction over the Dealer or its properties.

          (vi)   NO PROCEEDINGS. There are no proceedings or investigations
          pending, or threatened, before any court, regulatory body,
          administrative agency, or other governmental instrumentality having
          jurisdiction over the Dealer or its properties: (a) asserting the
          invalidity of this Agreement, (b) seeking to prevent any of the
          transactions contemplated by this Agreement, or (c) seeking any
          determination or ruling that might materially and adversely affect the
          financial condition of the Dealer or the performance by the Dealer of
          its obligations under, or the validity or enforceability of this
          Agreement. Neither the Dealer nor any of its officers or employees is
          operating under or subject to, or in default with respect to any
          adjudicatory order, writ, injunction or decree of any court or
          federal, state, municipal or governmental department, commission,
          board, agency or instrumentality, domestic or foreign, related to the
          conduct of the Dealer's business; and neither the Dealer nor any of
          its directors, officers or employees is subject to any cease and
          desist order, supervisory agreement or arrangement or disqualification
          consensual or otherwise, with any regulatory authority, which is
          material to the Receivables or the transactions contemplated hereby.

          (vii)  BROKERS AND FINDERS. Neither Dealer nor any person acting on
          its behalf has employed any broker, agent or finder or incurred any
          liability for any brokerage fees, agents' commissions or finders' fees
          in connection with the transactions contemplated herein.

          (viii) COMPLIANCE WITH LAWS. Dealer has complied with all federal,
          state, local and foreign laws, ordinances, regulations and orders
          applicable to it or the Receivables or the Financed Vehicles. All
          licenses, permits, orders or approvals of any governmental or
          regulatory body which are required in connection with Dealer's
          business ("Permits"), are in full force and effect, no violations are
          or have been recorded in respect to any such Permits and no
          proceedings are pending or, to Dealer's knowledge, threatened to
          terminate, revoke or limit any of such Permits.

          (ix)   CHARACTERISTICS OF RECEIVABLES. Each Receivable was originated
          by Dealer for the sale of a Financed Vehicle in the ordinary course of
          Dealer's business, was fully and properly executed by the parties
          thereto, and contains customary and enforceable provisions for an
          installment sale of a motor vehicle in the state in which the Obligor
          is located.

          (x)    SOURCE OF DOWN PAYMENT. Dealer agrees to disclose on credit
          applications any and all rebates and source of down payment, if known
          by the dealer. Dealer warrants not to purchase any item, transfer
          funds, include any post dated checks, rebates or installment notes to
          buyer for use as down payment or for any other reason related to
          purchase, and that the down payment has been collected in full prior
          to assignment to "CAC". Failure to disclose such information makes
          said contracts full recourse to dealer and requires immediate payment
          in full of said contracts.

          (xi)   LAWFUL ASSIGNMENT. No Receivable has been originated in, or is
          subject to the laws of, any jurisdiction under which the assignment of
          such obligation as contemplated under this Agreement would be
          unlawful, void or voidable.

          (xii)  ONE ORIGINAL. There is only one original executed copy of each
          Receivable.

          (xiii) DISCLOSURE OF MATERIAL FACTS. The representations and
          warranties contained in this Agreement or in any other agreement,
          schedule, exhibit or other document delivered pursuant hereto do not
          contain any untrue statement of a material fact or omit to state any
          material fact necessary to make the statements contained herein or
          therein not misleading.

          (xiv)  NON-RELIANCE. The Dealer has independently and without reliance
          upon the Servicer, and based on such documents and information as it
          has deemed appropriate, made its own appraisal of and investigation
          into the financial condition and creditworthiness of each Obligor and
          made its own decision to enter into a retail installment sale contract
          with such Obligor.

4.02 INDEMNITIES

     The Dealer will defend, indemnify, and hold harmless the Servicer from and
     against any and all costs, expenses, losses, damages, claims and
     liabilities arising out of or resulting from:

          (i)    the use, ownership, or operation by the Servicer or any
          affiliate thereof of a Financed Vehicle or Servicer's performance of
          this Agreement, including the administration, servicing and collection
          of any Receivable; and

          (ii)   any claims by the Obligor with respect to the Receivable, the
          Financed Vehicle or the purchase thereof, except to the extent of the
          Servicer's gross negligence or willful misconduct in the performance
          of duties hereunder;

          (iii)  any breach of any of the representations, warranties or
          agreements made by Dealer in this Agreement; and

          (iv)   any taxes that may at any time be asserted against the Servicer
          with respect to the transactions contemplated herein (other than taxes
          measured by the net income of Servicer), including, without limitation
          any sales, gross receipts, general corporation, tangible or intangible
          personal property, privilege, or license taxes and costs and expenses
          in defending against same.

     Indemnification under this Section shall include reasonable attorneys' fees
     and all expenses of litigation.

4.03 ADMINISTRATIVE EXPENSES

     The Dealer agrees to reimburse Servicer, on demand, for all Administrative
     Expenses incurred by Servicer in connection with (i) protecting Servicer's
     interest in Qualifying Receivables and the Financed Vehicles; and (ii)
     enforcement of the provisions of this Agreement, including, without
     limitation, (a) to commence, defend or intervene in any litigation or to
     file a petition, com-

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<PAGE>   6

     plaint, motion, answer or other pleadings; and (b) to take any other action
     in or with respect to any suit or proceeding, including, without
     limitation, any bankruptcy proceeding.

4.04 CONFIDENTIALITY

     Except as required for Dealer to conduct its regular daily business with
     Servicer, Dealer shall not at anytime, either during or for a period of two
     years after termination of Dealer's relationship with Servicer, or in any
     way, disclose, disseminate, transfer and/or use, or permit anyone else to
     disclose, disseminate, transfer and/or use, any Confidential Information of
     Servicer, and Dealer shall retain all such information in trust in a
     fiduciary capacity for the sole use and benefit of Servicer and/or its
     affiliates. Dealer acknowledges that the Confidential Information of
     Servicer is valuable, special and unique to Servicer's business and on
     which such business depends, and is proprietary to Servicer and its
     affiliates, and that Servicer has protected and wishes to continue to
     protect the confidential Information by keeping it secret and confidential
     for the sole use and benefit of Servicer and its affiliates. Dealer will
     take all steps necessary and all steps reasonably requested by Servicer, to
     insure that all such Confidential Information is kept secret and
     confidential for the sole use and benefit of Servicer and its affiliates.
     In so doing, Dealer shall require and represents that each of its
     employees, agents and representatives complies with each and every
     provision of this Agreement. Upon termination of this Agreement without the
     necessity of any request from Servicer, or at any other time Servicer may
     in writing so request, Dealer shall promptly deliver to Servicer all
     materials concerning any Confidential Information, copies thereof and any
     other materials of Servicer and/ or its affiliates which are in Dealer's
     possession or under Dealer's control, and Dealer shall not make or retain
     any copy, draft or extract thereof which has been made at any time. Dealer
     acknowledges that the foregoing provisions are necessary to protect the
     special knowledge of Servicer's and its affiliates' trade secrets (which
     are the result of a considerable amount of time, money and effort of
     Servicer and its affiliates over a period of 20 years to increase and
     maintain its sales, including product sales) which Dealer has acquired and
     will acquire in carrying out Dealer's job responsibilities as well as
     Servicer's goodwill and customer relationships to which Dealer has gained
     access through Dealer's dealer relationship. Nothing contained herein shall
     be construed or considered to vest in the Dealer any right, title or
     interest of any kind in or to the information disclosed or made available
     to it by the Servicer pursuant to this Agreement or otherwise. Accordingly,
     Dealer acknowledges and agrees that all memoranda, notes, records,
     agreements, documents and other materials, as well as copies and drafts
     thereof, made and/or compiled by Dealer and/or made available to Dealer
     during the course of his/her dealer relationship, which relate to the
     Confidential Information (as stated above), is and shall remain the
     property of Servicer. The obligations of Dealer under this Section 4.03
     shall survive the termination (for any reason) or breach of this Agreement.

     Dealer acknowledges and agrees that the covenants and undertakings in this
     Section 4.04 relate to matters which are of a special, unique and
     extraordinary character and that a violation of any of them will cause
     irreparable injury to Servicer, the amount of which will be extremely
     difficult, if not impossible to estimate or determine and which cannot be
     completely and adequately compensated by monetary damages alone. Therefore,
     Dealer agrees that Servicer shall be entitled, as a matter of course, and
     as a matter of law, without the need to prove irreparable injury, to an
     injunction, restraining order or other equitable relief from any court of
     competent jurisdiction, restraining any violation or threatened violation
     of any of such terms by Dealer and such other persons as the court shall
     order. Dealer agrees to pay all costs and legal fees incurred by Servicer
     in pursuing its remedies in any legal or equitable action. Dealer further
     acknowledges that the restraints imposed upon it pursuant to the foregoing
     are no greater than are reasonably necessary to preserve and protect
     Servicer's legitimate business interests and that such restraints will not
     impose an undue hardship upon Dealer.

ARTICLE V
TERMINATION AND ASSIGNMENT

5.01 MERGER OR CONSOLIDATION OF SERVICER

     Any corporation (i) into which the Servicer may be merged or consolidated,
     (ii) which may result from any merger, conversion, or consolidation to
     which the Servicer shall be a party or (iii) which may succeed to the
     business of the Servicer, shall be the successor to this Agreement without
     any further act on the part of any of the parties to this Agreement.

5.02 RESIGNATION AS SERVICER

     Regardless of whether there is an Event of Default or an event with the
     lapse of time, giving of notice or both would become an Event of Default,
     the Servicer may terminate this Agreement, at any time, upon 30 days
     written notice to the Dealer.

5.03 TERMINATION BY THE DEALER

     So long as there is no Event of Default or an event which with the lapse of
     time, giving of notice or both would become an Event of Default, the Dealer
     may terminate this Agreement with respect to all Receivables upon 30 days
     prior written notice to the Servicer.

5.04 EVENTS OF DEFAULT

     This Agreement shall terminate immediately, without further notice to
     Dealer, and Servicer shall be entitled to immediate repayment of all
     outstanding Advances and the other amounts specified in Section 5.05 upon
     the occurrence of any one of the following events ("Events of Default"):

          (i)    failure on the part of the Dealer duly to observe or to perform
          any covenant or agreement set forth in this Agreement, which failure
          shall continue unremedied for a period of ten Business Days after the
          date on which written notice of such failure, requiring the same to be
          remedied, shall have been given to the Dealer by the Servicer; or

          (ii)   the breach by the Dealer of any representation or warranty set
          forth in this Agreement, including any with respect to Qualifying
          Receivables; or

          (iii)  the Dealer misrepresents in any respect any facts or
          circumstances relating to an installment contract submitted to
          Servicer or any Obligor or motor vehicle covered by such contract; or

          (iv)   the entry of a decree or order by a court or agency or
          supervisory authority for the appointment of a conservator, receiver
          or liquidator for the Dealer in any bankruptcy, readjustment of debt,
          marshaling of assets and liabilities, or similar proceedings, or for
          the winding up or liquidation of its affairs, and the continuance of
          any such decree or order unstated and in effect for a period of 60
          consecutive days; or

          (v)    the consent by the Dealer to the appointment of a conservator
          or receiver or liquidator in any insolvency, readjustment of debt,
          marshaling of assets and liabilities, or similar proceedings of or
          relating to the Dealer; or the Dealer, shall admit in writing its
          inability to pay its debts generally as they become due, file a
          petition to take advantage of any applicable bankruptcy statute, make
          an assignment for the benefit of its creditors or voluntarily suspend
          payment of its obligations.

          (vi)   the Dealer fails to place with the Servicer fifteen (15)
          Qualifying Receivables per calendar quarter (which calendar quarter
          shall begin with the signing date of this Agreement) for two
          consecutive calendar quarters; or

          (vii)  any guaranty executed in connection with this Agreement is
          revoked, terminated or becomes unenforceable in whole or in part, or
          any guarantor fails to promptly perform under such a guaranty; or

          (viii) any judgment is entered against the Dealer or any guarantor, or
          any attachment, levy or garnishment is issued against any property of
          the Dealer or any guarantor; or

          (ix)   the Dealer or any guarantor, without the Servicer's written
          consent, (a) is dissolved; (b) merges or consolidates with any third
          party; (c) leases, sells or otherwise conveys a material part of its
          assets or business outside the ordinary course of business; (d) ceases
          to operate its business; or (e) agrees to do any of the foregoing; or

          (x)    there is a substantial change in the existing or prospective
          financial condition of the Dealer or any guarantor which the Servicer
          in good faith determines to be materially adverse; or

          (xi)   the Servicer in good faith deems itself insecure.

5.05 EFFECT OF TERMINATION

     Upon any termination of this Agreement pursuant to Section 5.03 or Section
     5.04, the Dealer shall immediately pay to the Servicer the following
     amounts:

          (i)    Any unreimbursed Collection Costs and Administrative Expenses;

          (ii)   Any unpaid Advances and all other amounts owed by the Dealer to
          the Servicer; and

          (iii)  A termination fee equal to 20% of the then outstanding amount
          of the Receivables.

     Upon receipt in full of the amounts set forth in (i) through (iii) above,
     Servicer shall deliver all Receivable Files to the Dealer and shall take
     such action as may be requested by Dealer to terminate or assign to the
     Dealer the Servicer's security interest in the Receivables and Financed
     Vehicles. If the Dealer fails to promptly pay such amounts, the Servicer
     may exercise any rights it has, including those under the Uniform
     Commercial Code, and may, at its discretion, continue to collect the
     Receivables and retain Collections in satisfaction of such amounts due
     from the Dealer.

5.06 COLLECTION FOLLOWING TERMINATION

     If this Agreement is terminated pursuant to Section 5.02, Servicer shall
     continue to service and administer Receivables accepted for service and
     administration hereunder prior to the date of termination unless (a) Dealer
     pays to Servicer the amounts set forth in Section 5.05, at which time
     Section 5.05 shall govern, or (b) an Event of Default occurs after the date
     of termination, at which time the provisions of Section 5.05 shall apply.

ARTICLE VI
MISCELLANEOUS PROVISIONS

6.01 GOVERNING LAW

     This Agreement shall be construed in accordance with the laws of the State
     of Michigan and the obligations, rights, and remedies of the parties under
     this Agreement shall be determined in accordance with such laws.

                                       4

<PAGE>   7

6.02 NOTICES

     All demands, notices, and communications under this Agreement shall be in
     writing, personally delivered or mailed by first-class mail, and shall be
     deemed to have been duly given upon receipt at the address specified on the
     first page of this Agreement, or at such other address as shall be
     designated in writing by a party.

6.03 SEVERABILITY OF PROVISIONS; UNENFORCEABILITY

     If any one or more of the provisions of this Agreement shall be for any
     reason whatsoever held invalid, then such provisions shall be deemed
     severable from the remaining provisions of this Agreement or the rights of
     the Dealer or the Servicer. If for any reason a court determines that any
     part of any of the provisions of this Agreement is unreasonable in scope or
     otherwise unenforceable, such provision(s) will be deemed modified and
     fully enforceable, as so modified, to the extent determined by the court to
     be reasonable under the circumstances.

6.04 ARBITRATION AND COSTS

     Any disputes and differences arising between the parties in connection with
     or relating to this Agreement or the parties relationship with respect
     hereto shall be settled and finally determined by arbitration in accordance
     with the Commercial Arbitration Rules of the American Arbitration
     Association. The arbitration shall take place in Southfield, Michigan and
     shall be conducted by three arbitrators, one of whom shall be selected by
     the Dealer, one selected by the Servicer and the third by the two
     arbitrators so selected. Each party shall notify the other party of the
     arbitrators selected by it within 30 days of a written request from one
     party to the other for arbitration. In the event either party shall fail to
     select an arbitrator or fail to notify the other party of the arbitrator
     which it has selected within such time period, the arbitrator so selected
     by the other party shall select a second arbitrator. The decision and award
     of the arbitrators shall be in writing, and shall be final and binding upon
     the parties hereto. Judgement upon the award may be entered in any court
     having jurisdiction thereof or any application may be made to such court
     for judicial acceptance of or award in order of enforcement, as the case
     may be. In the event that the Servicer shall prevail under any dispute or
     claim with respect to this Agreement, the Dealer shall pay any costs and
     expenses incurred by the Servicer with respect to such dispute, including
     court costs and attorneys' fees. Notwithstanding the foregoing, Servicer
     shall be entitled to seek legal and equitable relief under this Agreement,
     pursuant to Section 4.04 or otherwise, in any court of record in the State
     of Michigan, County of Oakland, or in the United States District Court of
     the Eastern District of Michigan, and Dealer consents to the jurisdiction
     thereof.

     To the extent Servicer and Dealer waive the right to arbitration pursuant
     to this Section 6.04, the parties stipulate and agree that jurisdiction
     shall exist exclusively in any court of competent jurisdiction in the State
     of Michigan, County of Oakland or in the United States District Court of
     the Eastern District of Michigan.

6.05 RIGHTS CUMULATIVE

     All rights and remedies from time to time conferred upon or reserved to the
     Servicer are cumulative, and none is intended to be exclusive of another.
     No delay or omission is insisting upon the strict observance or performance
     of any provision of this Agreement, or in exercising any right or remedy,
     shall be construed as a waiver or relinquishment of such provision, nor
     shall it impair such right or remedy.

6.06 USAGE OF TERMS

     With respect to all terms in this Agreement, the singular includes the
     plural and the plural the singular; words importing any gender include the
     other genders; references to agreements and other contractual instruments
     include all subsequent amendments thereto or changes therein entered into
     in accordance with their respective terms and not prohibited by this
     Agreement; references to Persons include their permitted successors and
     assigns; and the term "including" means "including without limitation".

6.07 ASSIGNMENT

     This Agreement shall inure to the benefit of the Servicer and the Dealer
     and each of their permitted successors and assigns. Notwithstanding
     anything in this Agreement to the contrary, the Dealer may not assign its
     rights under this Agreement to any Person without the prior written consent
     of the Servicer.

6.08 SETOFF

     The Servicer may, at any time and from time to time, at its option, setoff
     and apply against any amounts due to the Servicer either hereunder or
     otherwise any Dealer funds held by Servicer.

6.09 DELEGATION OF DUTIES; LIABILITY

     The Servicer may execute any of its duties under this Agreement by or
     through agents, nominees or attorneys-in-fact and shall be entitled to
     advice of counsel concerning all matters pertaining to such duties. The
     Servicer shall not be responsible for the negligence or misconduct of any
     agents, nominees or attorneys-in-fact selected by it with reasonable care.
     Neither the Servicer nor any of its officers, directors, employees,
     nominees, attorneys-in-fact or affiliates shall be liable for any action
     lawfully taken or omitted to be taken by it or any such person under or in
     connection with this Agreement (except for its or such person's own gross
     negligence or willful misconduct).

6.10 SECURITY

     To the extent the Servicer has a good faith belief that it is insecure, the
     Servicer shall have the right to escrow any and all funds which would
     otherwise be payable to the Dealer until such time as Servicer is confident
     that the risk is no longer present. Servicer shall have the right pursuant
     to Section 6.08, to set off its losses out of this escrow account.

6.11 WAIVER OF JURY TRIAL

     The Dealer, after consulting or having had the opportunity to consult with
     counsel, knowingly, voluntarily and intentionally waives any right it may
     have to a trial by jury in any litigation based upon or arising out of this
     Agreement or any course of conduct, dealing, statements (whether oral or
     written), or actions of Dealer or Servicer. Dealer shall not seek to
     consolidate, by counterclaim or otherwise any such action in which a jury
     trial cannot be or has not been waived.

6.12 NO WAIVER

     No delay on the part of the Servicer in the exercise of any right or remedy
     shall operate as a waiver. No single or partial exercise by the Servicer
     shall preclude any other future exercise of it or the exercise of any other
     right or remedy. No waiver or indulgence by Servicer shall be effective
     unless in writing and signed by the Servicer, nor shall a waiver on one
     occasion be construed as a bar to or waiver of that right on any future
     occasion.

6.13 COMPLETE AGREEMENT

     This Agreement contains the complete agreement of the parties hereto, and
     supersedes any and all prior agreements (whether written or oral), with
     respect to the subject matter hereof. This Agreement may not be altered or
     amended without the written consent of both parties.

     THIS AGREEMENT IS ACCEPTED AND AGREED TO BY EACH OF THE UNDERSIGNED, AFTER
EACH OF THE UNDERSIGNED HAS CONSULTED WITH LEGAL COUNSEL, AND EACH OF THE
UNDERSIGNED HAS CAREFULLY READ AND UNDERSTANDS ALL OF THE TERMS AND PROVISIONS
OF THIS AGREEMENT.

     IN WITNESS WHEREOF, the parties have caused the Servicing Agreement to be
duly executed by their respective officers as of the day and year written on
Page 1. This Agreement shall be deemed effective upon receipt by Servicer of a
duly executed Agreement along with the applicable sign up fee.

--------------------------------------------------------------------------------
DEALERSHIP

By:
   -----------------------------------------------------------------------------

Title:
      --------------------------------------------------------------------------
                         (Must be Officer of Dealership)

CREDIT ACCEPTANCE CORPORATION

By:
   -----------------------------------------------------------------------------

Title:
      --------------------------------------------------------------------------

                                       5

<PAGE>   8

       COMPLETE BOTH RESOLUTIONS ONLY IF THE DEALERSHIP IS A CORPORATION

                      RESOLUTION OF BOARD OF DIRECTORS OF

                           __________________________
                              (Name of Dealership)

RESOLVED, That the president of this Corporation be and hereby is authorized and
empowered to enter into a contract for services with the Credit Acceptance
Corporation, in the name and in behalf of this Corporation, upon such terms and
conditions as may be agreed upon between him and said Credit Acceptance
Corporation.

I, ________________, do hereby certify that I am the duly elected and qualified
Secretary and the keeper of the records and corporate seal of _________________,
a corporation organized and existing under the laws of the State of ___________,
and that the above is true and correct copy of a resolution duly adopted at
a meeting of the Board of Directors thereof, convened and held in accordance
with law and the bylaws of said Corporation on ____________________, 19___, and
that such resolution is now in full force and effect.

IN WITNESS WHEREOF, I affixed my name as Secretary and have caused the corporate
seal of said Corporation to be hereunto affixed, this________ day of  ________,
19____.

                                                  ______________________________
                                                            Secretary

                      RESOLUTION OF BOARD OF DIRECTORS OF

                           __________________________
                              (Name of Dealership)

RESOLVED, That the proposed contracts between this Corporation and Credit
Acceptance Corporation submitted to this meeting, be and it hereby is accepted,
that ____________ _______________________, President, and _____________________,
Vice President, be and they hereby are authorized to execute in the name and in
behalf of this Corporation, a contract substantially in the form submitted to
this meeting.

I, ________________, do hereby certify that I am the duly elected and qualified
Secretary and the keeper of the records and corporate seal of _________________,
a corporation organized and existing under the laws of the State of ___________,
and that the above is a true and correct copy of a resolution duly adopted at a
meeting of the Board of Directors thereof, convened and held in accordance with
the law and bylaws of said Corporation on__________ day of ________, 19____.

                                                  ______________________________
                                                            Secretary

                                       6

<PAGE>   9

                   [CAC  LOGO] CREDIT ACCEPTANCE CORPORATION

                                 ADDENDUM NO. 1

                        (CAC/VOYAGER INSURANCE PROGRAM)

                                       TO

                              SERVICING AGREEMENT

                   dated as of _________________ ,19________

                                    between

                 CREDIT ACCEPTANCE CORPORATION ("The Servicer")

                                      and

                   ________________________________ ("Dealer")

     By executing this addendum, Dealer agrees to participate in the credit life
and disability insurance program offered by Servicer in connection with Voyager
Insurance Companies ("Voyager"), as described herein (the "CAC/Voyager Insurance
Program"). When executed by Servicer and the Dealer, this addendum shall become
a part of the Servicing Agreement. All capitalized terms herein shall have the
meanings assigned to them in the Servicing Agreement.

1. Pursuant to the CAC/Voyager Insurance Program, Voyager will issue a group
   policy of insurance for coverage of Dealer's customers. The terms of the
   relationship between Dealer and Voyager shall be governed exclusively by
   agreements to be executed by Dealer and Voyager. This Addendum does not, and
   shall not be deemed to, alter or affect in any way the relationship between
   Voyager and Dealer.

2. If the premium for coverage under the group policy of insurance is financed
   by Dealer and becomes a part of a Receivable assigned to Servicer under the
   Servicing Agreement, Servicer will add the premium (the "Premium Advance") to
   the Advance otherwise payable to Dealer upon acceptance by Servicer of a
   Qualifying Receivable. The Premium Advance will be paid by Servicer on behalf
   of Dealer to Voyager, and will be considered a part of the Advance related to
   the accepted Qualifying Receivable for all purposes under the Servicing
   Agreement. Premiums refunded as a result of the surrender or cancellation of
   coverages written by Dealer will, upon notification by Voyager or Dealer as
   the case may be, be credited to Dealer's customer's account as a "credit
   adjustment," thereby reducing the principal amount of the installment
   contract by the aggregate amount of refunds received by the Servicer from
   Voyager or the Dealer, as the case may be.

3. To participate in the CAC/Voyager Insurance Program, Dealer must include a
   copy of the certificate of insurance under the group policy of insurance as a
   part of the Receivables Files submitted to Servicer by Dealer in connection
   with the acceptance by Servicer of installment contract under the Servicing
   Agreement. Dealer-financed insurance premiums that are not presented under
   the CAC/Voyager Insurance program will not be eligible for the Premium
   Advance. Submission of the certificate of insurance by Dealer to the Servicer
   is for Servicer's information only and shall not affect insurance coverage,
   Dealer's relationship with its customer with respect to insurance or Dealer's
   relationship with Voyager, and the Servicer shall have no liability to Dealer
   or to Dealer's Customer as a result thereof or of issuing the Premium
   Advance.

4. Participation in the CAC/Voyager Insurance Program by Dealer is conditioned
   upon the following:

          (a) Dealer must enter into all agreements and relationships with
          Voyager as may be required by Voyager from time-to-time.

          (b) Dealer must have all license and authorizations required under all
          federal, state and local laws, ordinances, regulations and orders
          applicable to participation in the CAC/Voyager Insurance Program; and

          (c) Dealer must provide the Servicer with written evidence of
          satisfaction of the foregoing conditions prior to eligibility to
          participate in the CAC/Voyager Insurance Program and, for purposes of
          continued eligibility, upon Servicer's request from time-to-time
          during the term of the Servicing Agreement.

5. In addition to Dealer's representations and obligations set forth in the
   Servicing Agreement, Dealer agrees with the Servicer, as follows:

          (a) to familiarize itself with all state and federal laws and
          regulations applicable to its participation in the CAC/Voyager
          Insurance Program and to conduct itself in compliance therewith;

          (b) to adhere to all rules, requirements, underwriting standards,
          manuals, and procedures of the CAC/Voyager Insurance Program;

          (c) to not engage in unlawful rebating, discrimination,
          misrepresentation, twisting or any unfair trade practice prohibited by
          applicable law;

          (d) to not induce the lapse, cancellation, or termination of any
          certificate issued under the Dealer's group policy prior to its
          scheduled expiration;

          (e) to notify the Servicer of the receipt of legal notices or service
          of process affecting Servicer or the CAC/Voyager Insurance Program and
          to immediately forward same to Servicer;

          (f) to not negotiate or endorse any check or other negotiable
          instrument made payable to the Servicer and to forward same
          immediately to the Servicer;

          (g) to not publish, circulate, or display any advertisements,
          circulars, or other promotional materials relating to the CAC/Voyager
          Insurance Program, or to print, replicate, display, or utilize in any
          fashion the name, trademark, service mark, logo, or other identifying
          emblem or insignia of Servicer, Voyager or any of their respective
          affiliates unless the content or use thereof has received the prior
          written approval of Servicer or Voyager, as the case may be;

          (h) to be solely responsible for the payment of compensation to all
          employees, agents and sub-agents utilized by Dealer and to indemnify
          and defend Servicer from and against any claim for compensation by
          said employees, agents, and sub-agents; and

          (i) to perform all agreements and obligations of Dealer to Voyager.

<PAGE>   10

6. Servicer may discontinue the CAC/Voyager Insurance Program or terminate
   Dealer's participation therein at any time, in its absolute and sole
   discretion, and without advance notice to Dealer. Dealer may terminate its
   participation in the CAC/Voyager Insurance Program upon 30 days written
   notice to Servicer, provided that such termination will not terminate
   Dealer's obligations and liabilities to Servicer hereunder for any matters
   occurring prior to the date of such termination or for any inaccuracy or
   breach by Dealer in any of the representations or agreements of Dealer
   contained herein.

7. Servicer may terminate its relationship with Voyager and enter into a new
   credit life and disability insurance program with another qualified life
   insurance company upon thirty (30) days written notice to the Dealer. Should
   Servicer make such a substitution, this Addendum shall remain in full force
   and effect without any further act by Servicer or Dealer.

8. Nothing in this Addendum shall be deemed to effect Servicer's or Dealer's
   rights or obligations under the Servicing Agreement, except as expressly set
   forth herein.

Dealership:
           ---------------------------------------------------------------------

Address:
        ------------------------------------------------------------------------
         (Street, City, State and Zip Code)

By:
    ----------------------------------------------------------------------------
         (Signature)

By:
    ----------------------------------------------------------------------------
         (Print Name)

Title:
      --------------------------------------------------------------------------
         (Must be an Officer of the Dealership)

Dated:
      --------------------------------------------------------------------------

CREDIT ACCEPTANCE CORPORATION

By:
    ----------------------------------------------------------------------------

Title:
      --------------------------------------------------------------------------

Date:
     ---------------------------------------------------------------------------

                                       2
<PAGE>   11

                  [CAC  LOGO] CREDIT ACCEPTANCE CORPORATION]

                                 ADDENDUM NO. 2

                        (BUYERS VEHICLE PROTECTION PLAN)

                                       TO

                              SERVICING AGREEMENT

                   dated as of _________________ ,19________

                                    between

                 CREDIT ACCEPTANCE CORPORATION ("The Servicer")

                                      and

                   ________________________________ ("Dealer")

     By executing this addendum, Dealer agrees to participate in the vehicle
service contract financing program offered by Servicer in connection with its
wholly-owned subsidiary, Buyers Vehicle Protection Plan, Inc. ("Buyers"), as
described herein (the "Service Contract Program"). When executed by Servicer and
the Dealer, this addendum shall become a part of the Servicing Agreement. All
capitalized terms herein shall have the meanings assigned to them in the
Servicing Agreement.

1. If the purchase price for a vehicle service contract issued by Dealer under
   Dealer's vehicle service contract program administered by Buyers is financed
   by Dealer and becomes a part of a Receivable assigned to Servicer under the
   Servicing Agreement, Servicer will add to the advance otherwise payable to
   dealer upon acceptance by Servicer of a Qualifying Receivable, an amount
   equal to the selling price of such vehicle service contract (the "Service
   Contract Advance") up to a maximum of the suggested retail price. Dealer
   authorizes the Servicer to disburse an amount equal to the net Dealer cost of
   the subject vehicle service contract including any vehicle surcharge to
   Buyers with the remainder (representing the difference between the net Dealer
   cost of the subject vehicle service contract including any vehicle surcharge
   and the purchase price up to the stated maximum therefor charged by Dealer to
   its customer) to the Dealer. The Service Contract Advance will be considered
   part of the Advance related to the accepted Qualifying Receivable for all
   purposes under the Servicing Agreement. Any refunds payable to Dealer's
   customer as a result of cancellation of a vehicle service contract will be
   credited to Dealer's customer's account as a "credit adjustment," thereby
   reducing the principal amount of the installment contract by the aggregate
   amount of refunds due Dealer customer.

2. To participate in the Service Contract Program, Dealer must include a copy of
   the fully executed limited Used Vehicle Service Contract supplied to Dealer
   by Buyers as a part of the Receivables files submitted to Servicer by Dealer
   in connection with the acceptance by Servicer of installment Contracts under
   the Servicing Agreement. Dealer financed vehicle service contracts that are
   not presented under the Service Contract Program will not be eligible for the
   Service Contract Advance. Submission of a copy of the Limited Used Vehicle
   Service Contract to Servicer is for Servicer's information only and shall not
   effect coverage under any such contract, Dealer's relationship with its
   customer under such contract or Dealer's relationship with Buyers, and
   Servicer shall owe no liability to Dealer or Dealer's Customer as a result
   thereof or of disbursing the Service Contract Advance.

3. Participation in the Service Contract Program is conditional upon the
   following:

          (a) Dealer must have in full force and effect a Dealer Agreement with
          Buyers;

          (b) Dealer must have all licenses and authorizations, if any, required
          under all federal, state and local laws, ordinances, regulations and
          orders applicable to participation in the Service Contract Program,
          and the sale by Dealer of vehicle service contracts; and

          (c) Dealer must provide Servicer with written evidence of satisfaction
          of the foregoing conditions prior to eligibility to participate in the
          Service Contract Program and, for purposes of continued eligibility,
          upon Servicer's request from time-to-time during the term of this
          Servicing Agreement.

4. In addition to Dealer's representations and obligations set forth in the
   Servicing Agreement, Dealer makes the following representations to the
   Servicer:

          (a) to familiarize itself with all state and federal laws and
          regulations applicable to its participation in the Service Contract
          Program and shall conduct itself in compliance therewith;

          (b) to adhere to all rules, requirements, underwriting standards,
          manuals, and procedures of the Service Contract Program;

          (c) to not engage in unlawful rebating, discrimination,
          misrepresentation, twisting or any unfair trade practice prohibited by
          applicable law;

          (d) to not induce the cancellation, or termination of any vehicle
          service contract sold by Dealer prior to its scheduled expiration;

          (e) to notify Servicer of the receipt of legal notices of service of
          process affecting Servicer or the Service Contract Program and to
          immediately forward same to Servicer;

          (f) to not negotiate or endorse any check or other negotiable
          instrument made payable to the Servicer and to forward same
          immediately to Servicer;

          (g) to not publish, circulate, or display any advertisements,
          circulars, or other promotional materials relating to the Service
          Contract Program, or to print, replicate, display, or utilize in any
          fashion the name, trademark, service mark, logo, or other identifying
          emblem or insignia of Servicer, Buyers or any of their respective
          affiliates unless the content or use thereof has received the prior
          written approval of Servicer or Buyers, as the case may be;

          (h) to be solely responsible for the payment of compensation to all
          employees, agents and sub-agents utilized by Dealer and to indemnity
          and defend the other party from and against any claim for compensation
          by said employees, agents, and sub-agents; and

5. Servicer may discontinue the Service Contract Program or terminate Dealer's
   participation therein at any time, in its absolute and sole discretion, and
   without advance notice to Dealer. Dealer may terminate its participation in
   the Service Contract Program upon 30 days written notice to Servicer,
   provided that such termination will not terminate Dealer's obligations and
   liabilities to Servicer hereunder to any matters occurring prior to the date
   of such termination or for any inaccuracy or breach by Dealer in any of the
   representations or agreements of Dealer contained herein.

6. Nothing in this Addendum shall be deemed to effect Servicer or Dealer's
   rights or obligations under the Servicing Agreement, except as expressly set
   forth herein.

<PAGE>   12

Dealership Name
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Address:
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          (Street, City, State and Zip Code)

By:
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Title:
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          (Must be Officer of Dealership)

CREDIT ACCEPTANCE CORPORATION

By:
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Title:
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Date:
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                                       2<PAGE>   1
                                                                    EXHIBIT 10.9

                                 PROMISSORY NOTE

$200,000                                                        JANUARY 1, 2000

In consideration, the undersigned, Data Systems Network Corporation (hereinafter
referred to as the "Maker") promises to pay Michael Grieves (hereinafter
referred to as the "Payee") at Farmington Hills, Michigan, or at such other
place as the holder hereof may designate, the sum of Two hundred Thousand
Dollars ($200,000). The principal and interest will be paid in full on or before
December 31, 2000. Interest will accrue on the unpaid principal portion at an
annual rate of 9.5%. The note will be paid in four (4) equal installments of
$50,000 plus the appropriate interest. Installment payments will be made March
31, 2000, June 30, 2000, September 30, 2000 and December 31, 2000. See attached
for payment schedule.

This note replaces the Subordinated Notes dated May 22, 1992 that originated
from the Reorganization. The remaining balance on those notes is $200,000. This
note shall be governed by and construed in accordance with the laws of the State
of Michigan.

                                                DATA SYSTEMS NETWORK CORPORATION

                                                     By: _______________________

                                                         Michael Jansen
                                                         Chief Financial Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00005-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00005-of-00352.parquet"}]]