Does drivetime require full coverage?
[accordion-group title=”Do you offer GAP coverage?”]DriveTime offers optional GAP coverage on all of our vehicles. With GAP, if your vehicle is deemed a “total loss” due to an accident, GAP may wipe away the amount on your loan that you still owe. Ask your Sales Advisor for more information about GAP.accordion-group]
Does drivetime approve everyone?
[accordion-group title=”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.accordion-group]
Does drivetime take trade ins?
When you’re looking at cars online with DriveTime, you can view their safety ratings, features, mileage and Kelley Blue Book pricing. DriveTime also accepts trade-ins. All financing for a DriveTime purchase is done in-house, and they are open to accepting any credit score, including no credit at all.
Does drivetime offer extended warranties?
When you purchase a vehicle from DriveTime, a 30-day 1,500-mile warranty is standard. After that, you have the option to extend your coverage with the DriveCare program with a five-year 50,000 ...
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Does DriveTime affect your credit?
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. We take many other factors into consideration as well so we can offer you the best possible terms we can.
What happens if you miss a payment with DriveTime?
Your lender might charge you a late fee, which will be reflected in the next month's bill. The fee will usually be between $25 and $35, so if you have a strict budget, this could easily throw it off.
Is Carvana owned by DriveTime?
Carvana. In 2013, DriveTime became the majority owner of Carvana; the two companies are operated completely separately. Carvana was founded in 2012 and launched nationwide in November 2013. The Phoenix-based company is an online used car retailer.
What credit bureau does DriveTime?
Experian is one of the three major credit reporting bureaus in the United States. They also provide vehicle data, which is included in DriveTime's AutoCheck® Vehicle History Report.
How many missed payments before car is repossessed?
If you've missed a payment on your car loan, don't panic — but do act fast. Two or three consecutive missed payments can lead to repossession, which damages your credit score. And some lenders have adopted technology to remotely disable cars after even one missed payment.
Will my car be repossessed if I miss one payment?
If someone has a car through a finance agreement, then normally they don't own it until the final payment for it has been made. It remains the property of the finance firm. If they then go into arrears with their car payments, it may then be repossessed.
Is Carvana or DriveTime better?
CARVANA is most highly rated for Compensation and benefits and DriveTime Automotive Group is most highly rated for Compensation and benefits. Learn more, read reviews and see open jobs....Overall Rating.Overall Rating2.63.3Management2.22.9Culture2.73.33 more rows
Why did Carvana get in trouble?
Carvana was also facing scrutiny from state motor vehicle agencies over the company's failure to meet vehicle registration deadlines and the use of out-of-state permits by its customers.
Is CarMax the same as DriveTime?
Large used-car retailers like CarMax and DriveTime function like independent dealerships, but they're different for a number of reasons. For example, CarMax calls for inspections of all of its cars for sale, and each comes with a free vehicle history report and safety recall report. DriveTime's program is similar.
Is DriveTime like JD Byrider?
Results were generated by 296 employees and customers of DriveTime and 14 employees and customers of JD Byrider. DriveTime's brand is ranked #- in the list of Global Top 1000 Brands, as rated by customers of DriveTime....DriveTime vs JD Byrider.18%Promoters9%Passive73%Detractors
Does DriveTime negotiate price?
DriveTime is a “No-Haggle Dealership,” where there is no negotiation and the price you see is the price you get.
Does Carmax check your credit?
Yes. Our finance sources will use your credit reports to review your application. Credit reporting agencies understand customers shopping for vehicle financing typically comparison shop. For this reason, all auto finance-related inquiries within 14-45 days are generally considered as one inquiry.
How many days can you be late with Bridgecrest?
within 15 daysWhat is your late charge policy? As of November 2011 we lowered our late charge to the lower of the state maximum fee or $5.00 (or what state law allows, whichever is less) for any payments that are not paid within 15 days of their due date.
Can you negotiate with DriveTime?
DriveTime is a “No-Haggle Dealership,” where there is no negotiation and the price you see is the price you get.
Does Bridgecrest have trackers on their cars?
I believe that Bridgecrest utilizes some undisclosed GPS tracking devices to find their vehicles. In practice, this is acceptable in some places, however, if Bridgecrest is doing this without consumer knowledge or consent, this is illegal and inexcusable.
What GPS tracker does DriveTime use?
PHOENIX — Drive Time announced it has selected Inilex to be the supplier of GPS-based vehicle tracking and recovery solutions for its 89 dealership locations.
What is the maximum interest rate for DriveTime?
DriveTime offers interest rates as low as 7.9% , on approved credit. Maximum interest rates are typically determined by each state’s usury limit laws (maximum allowable interest rate by law). One thing that is different with DriveTime is that you work directly with the Sales Advisor to build your loan.
Can you take ownership of a vehicle at DriveTime?
Due to insurance regulations, DriveTime can’t allow a shopper to temporarily take ownership of the vehicle so they can take it to their mechanic, for an extended test drive, etc. Feel free to bring your mechanic along to inspect the vehicle at our dealership and to review the AutoCheck History report.
How long does it take to return a car on DriveTime?
DriveTime gives you the option, free of charge, to return your vehicle within 5 days of purchase, no strings attached. If you drive more than 300 miles within the 5 day return period, you may receive less money back. We hope you enjoy your new vehicle, but if there is any issue please don’t hesitate to contact us.
How to get a free oil change at Sears?
A Sears representative can contact DriveTime by calling: (866) 208-0866 to obtain an approval for a free oil change, up to three times a year for the first three years of ownership. Your account number and Vehicle Identification Number (VIN) must be provided to the Sears representative.
Does Drivetime offer towing?
DriveTime does not offer towing services. DriveTime Limited Warranty and DriveCare Protection Plan both offer towing reimbursement for covered breakdowns up to $75.00 per occurrence with a paid receipt. Towing reimbursement is not included under the Driver’s Seat Limited Warranty for leased vehicles.
Waymon S. Harrell
You have been getting legal advice on the street, or from someone that does not know the law. A voluntary repossession is a repossession. The lender will resell the vehicle at a public or private sale, and then apply the sale proceeds to your account balance. You will be stuck with a substantial deficiency.
Glen Edward Ashman
The absolutely most foolish thing you can do, unless you are also filing bankruptcy, is to turn in a car. There is NO such thing as a voluntary repo. A repo is a repo. It will ruin your credit for 7 years, making future credit more expensive.
Michael David Birchmore
Yes, you will still owe the balance due unless the voluntary repo papers EXPRESSLY state that you will not. Typically they just want to get the car back. Then they sell it at auction for next to nothing and come after you for the difference. Lemon Law does not apply here because the car was not new.
What is the interest rate on DriveTime?
DriveTime offers interest rates as low as 5.9%, on approved credit. Maximum interest rates are typically determined by each state’s usury limit laws (maximum allowable interest rate by law). One thing that is different with DriveTime is that you work directly with the Sales Advisor to build your loan.
How long can you hold a car off the lot?
The DriveTime reservation program allows you to hold the car of your choice for up to seven days, but you cannot drive the vehicle off the lot until the down payment is fully paid. You can start your approval now to get started, then head into your local dealership to choose your car!
Can you take ownership of a vehicle at DriveTime?
Due to insurance regulations, DriveTime can’t allow a shopper to temporarily take ownership of the vehicle so they can take it to their mechanic, for an extended test drive, etc. Feel free to bring your mechanic along to inspect the vehicle at our dealership and to review the AutoCheck History report.
Does DriveTime take credit?
All financing for a DriveTime purchase is done in-house, and they are open to accepting any credit score, including no credit at all. DriveTime down payments will vary based on the price of the vehicle and the customer’s financial situation. The 45-day hold on vehicles allows customers time to gather their down payment before officially paying for the car.
Is Drivetime a good car?
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.
AUTHOR: - ()
Excuse me, I shouldn't have copied and pasted my review on drive time to here. The scam itself-by definition of it being a dishonest scheme; fraud, or to swindle- is that they had two months to verify my income at my place of employment and only the week after I found myself looking for a new job, is when they called.
AUTHOR: - ()
I used my review for drivetime to explain the scam before and want to readjust my argument for a more serious reader. Drive time, apparently did not actually finance me after 2 months of ownership of the car. They claim they never called for my proof of income until 2 months later right after I became inbetween jobs. Paystubs are possessed.
AUTHOR: - ()
I would consider it a scam when they end up swindling me out of a car and my entire deposit plus some for no fair reason at all. Payments were up to date. I would also consider it a scam when the dealer os dishonest about his conduct toward the customer. Claiming fraudilance against me on the basis that th ey requested I return it and I agreed.
AUTHOR: - ()
What about my car being up to date on both insurance and car payments? They still repossesd it. Why is it that they waited two months to verify my income instead of right then and there? I didn't ask for all of my money back. I asked for 2000 of 3000 back. They claim that they never approved me for financing afterall.
AUTHOR: Robert - (USA)
They have a 5-Day return policy. It isn't a 5-Day "let us fix it" policy. If you didn't like how the car was acting you should have returned the car within the 5 days. Yes, you can call this a "technicallity" but it is one you were well aware of.
What is Drivetime warranty?
DriveTime warranties are geared toward keeping things simple. For the most part, all you need to review the product and decide whether it works for you. That said, the coverage it provides is primarily geared toward powertrain protection. Cosmetic components and wear items are simply off the table.
How long is DriveCare?
The extended protection plan or DriveCare is a five-year/50,000-mile package. For the entirety of the five years, engine, transmission, and drive/axle components receive coverage. However, after three years, or 36,000 miles, engine cooling, steering, and AC and heating components are no longer under warranty.
How many miles does a carchex warranty last?
CARCHEX 's plethora of warranty plans includes options for cars up to twenty years old with up to 250,000 miles, regardless of any existing or expired warranties. Click below or call 1-877-207-3304 for a free quote. Get a Free Quote.
How long does Goldstar Connect last?
Under the warranty policy, the subscription lasts for three years. After that point, it is your choice to continue it separately.
How long is the warranty on a car?
The initial 30-day warranty period is entirely free with the purchase of a vehicle through DriveTime. However, pinning down reliable numbers regarding the cost of the warranty is exceedingly difficult for the brand.
Is factory warranty good?
Going with a factory extended warranty is a good option for basic protection, but you can get more and save more with Endurance, ranked the top extended warranty provider by Consumer Advocates, Consumer Affairs, and Retirement Living.
Does Drivetime cover cosmetic damage?
Before we talk about what is covered under a DriveTime warranty, let’s talk about what is not: the plan does not cover cosmetic damage, routine maintenance, and damage caused by vehicle neglect. Also, this is not a bumper to bumper policy. Instead, it covers a specific list of parts that they will provide you with.