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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.
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.
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.
Can you buy more than one car from DriveTime?
Can I buy a second vehicle from DriveTime? Yes, as long as you meet the requirements you can be eligible to purchase an additional vehicle. Simply schedule a visit with your local dealership or contact our approvals department at 888-418-1212 for more information.
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 the owner of Carvana a felon?
He is the owner of DriveTime (originally named UglyDuckling), and a major shareholder of Carvana. In 1990 he pled guilty to a felony bank fraud charge for his role in the Lincoln Savings and Loan Association collapse. As of April 2022, his net worth was estimated at US$7.2 billion.
Is DriveTime like JD Byrider?
Results were generated by 280 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.6%Promoters94%Detractors1 more row
Can I get a loan with a 524 credit score?
A 524 credit score can be a sign of past credit difficulties or a lack of credit history. Whether you're looking for a personal loan, a mortgage or a credit card, credit scores in this range can make it challenging to get approved for unsecured credit, which doesn't require collateral or a security deposit.
What credit does DriveTime use?
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.
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.
How does DriveTime verify employment?
Proof of income: Either a bank statement or the stub of a paycheck will suffice. This verifies your employment and shows the dealership that monthly payments can be met.
Does Bridgecrest sue?
Can Bridgecrest Sue Me or Garnish My Wages? Debt Collectors cannot legally make empty threats to sue you or garnish your wages. This is due to The Fair Debt Collection Practices Act prohibiting this action from occurring.
Who is Carvana owned by?
Ernest C. Garcia III (born 1982/1983) is an American businessman, and the CEO and co-founder of Carvana.
What is better Carvana or DriveTime?
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
Who bought Carvana?
ADESA U.S. President John Hammer additional senior and executive leadership and teams will transition to Carvana after the deal is closed. The ADESA U.S. business generated over $800M of revenue and over $100M of EBITDA* in 2021.
Is Bridgecrest and Carvana the same?
By early 2016, DriveTime had spun off its loan servicing division, which it renamed Bridgecrest Acceptance. Bridgecrest Acceptance currently services the loans for Carvana's customers who choose to finance their vehicles with the company.
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.
How to set up automatic payments for Bridgecrest?
You can setup automatic payments by calling 888-418-1212. Depending on payment method, please make your payment several days before your due date to avoid incurring any late charges or fees.
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.
What is DriveTime blog?
The DriveTime Blog provides general information and discussions about the automotive industry, used cars and auto finance related topics. All data and information provided on this site is for informational purposes only.
What is DriveTime under the hood?
Welcome to the DriveTime Blog: “Under the Hood!” We are the nation’s largest used car dealer network and automobile finance company focusing on buyers with credit issues in the USA. These User Guidelines is between you and DriveTime (“We” or the “Company”), and it governs your access to and use of the services, websites, and applications offered by DriveTime (the “Service”). Your access to and use of the Service is conditioned on your acceptance of and compliance with this agreement. By viewing or posting on the DriveTime Blog (the “web site”), you are agreeing that you will abide by the terms of the following User Guidelines and Terms of Use, summarized below.
When did the User Guidelines and Terms of Use become effective?
This statement of the User Guidelines and Terms of Use is effective November 1, 2013 and as updated by us from time to time subject to the notice language contained in the Terms.
Is Drivetime liable for any damages?
In no event shall DriveTime, or its parents, subsidiaries, affiliates, officers, directors, employees, or agents, be liable to you for any direct, indirect, incidental, special, punitive, or consequential damages whatsoever resulting from any (i) errors, mistakes, or inaccuracies of content, (ii) personal injury or property damage, of any nature whatsoever, resulting from your access to and use of our web site, (iii) any unauthorized access to or use of our secure servers and/or any and all personal information and/or financial information stored therein, (iv) any interruption or cessation of transmission to or from our web site, (iv) any bugs, viruses, trojan horses, malware or the like, which may be transmitted to or through our webs ite by any third party, and/or (v) any errors or omissions in any content or for any loss or damage of any kind incurred as a result of your use of any content posted, emailed, transmitted, or otherwise made available via the web site, whether based on warranty, contract, tort, or any other legal theory, and whether or not the company is advised of the possibility of such damages. The foregoing limitation of liability shall apply to the fullest extent permitted by law in the applicable jurisdiction.
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.
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.