Do you need a down payment at DriveTime?

You are approved for every vehicle on our lot, but some vehicles may require a larger down payment than the one you were quoted, some may require less. When you come into the dealership we’ll show you your down payments and full fincancing terms on every vehicle on the lot so you can evaluate your options.

Does DriveTime have a prepayment penalty?

You don’t have early repayment fees on your DriveTime auto loan and the only charge that applies is the fee for the Department of Motor Vehicles (DMV) to change the lienholder on your vehicle title.

Are DriveTime payments monthly?

Yes, we are! DriveTime is unique in the way that we are the auto dealership and the bank, which allows us to be more flexible with down payments and monthly payments depending on your unique situation.

Does DriveTime hurt your credit?

Does DriveTime do credit checks? Yes, we will run a credit check. But don’t worry! Your credit report and score isn’t the only factor we take into consideration when building your customized approval.

Is DriveTime going out of business?

Mesa-based Go Financial will stop accepting new vehicle loans starting today as owners of its parent company DriveTime Automotive Group Inc. have decided to reallocate capital to its other core businesses. Go Financial, the subprime financing products and services provider, has 500 employees in its Mesa headquarters.

Does DriveTime approve anyone?

Do you approve everyone? Yes! Everyone is approved at DriveTime. Start your easy, online approval today and know your down payment before you shop, or call our approvals line at 888-418-1212.

Is drivetime financing good?

DriveTime is a good option for people who have either no credit or less than optimal credit. DriveTime has more than just a wide array of used cars at fair prices. Additional features like a 30-day warranty and 45-day vehicle hold make it a solid choice for your next vehicle purchase.

Does drivetime refinance?

Refinancing your DriveTime auto loan means quite the opposite: you will be able to lower your payments by decreasing your interest rate and/or stretching the term because you’ve done a good job and made your payments in time and in full.

Is drivetime legit?

This AdvisoryHQ review found that yes, DriveTime is legit, with company headquarters based in Tempe, Arizona. DriveTime has been registered with the Better Business Bureau since 2012, and currently has an ‘A’ rating.

Does drivetime deliver cars?

DriveTime has several different sources for vehicles; including auto auctions, off-lease vehicles and customer trade-ins. We send all of the vehicles we purchase through one of inspection centers to receive a multi-point inspection* before they are delivered to your local dealership.

Do you need a down payment at DriveTime? You are approved for every vehicle on our lot, but some vehicles may require a larger down payment than the one you were quoted, some may require less. When you come into the dealership we’ll show you your down payments and full fincancing terms on every vehicle…