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.

How do payments work at DriveTime?

DriveTime does not offer the opportunity to make payments on the down payment. 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. Reservation payments are also 100% refundable.

Is DriveTime down payment true?

This is a real approval! We used DriveTime’s proprietary credit scoring model and the information you provided to calculate your down payment. It’s how we’ve approved over 3 million people so far, and it’s how we help good people like you buy their own vehicle.

What is a reasonable monthly car payment?

Many financial experts recommend keeping total car costs below 15% to 20% of your take-home pay. For example, if your monthly paycheck is $3,000, your car payment would be about $300 and you’d plan on spending another $150 on automotive expenses.

Does DriveTime use kill switches?

DriveTime doesn’t install kill switches of any kind, but it does often finance vehicles with pre-installed GPS systems, spokesman Chris Piper told Bloomberg. Lenders also argue that the kill switches allow them to extend loans to lower-credit borrowers by reducing risk in the repossession process.

Can you negotiate price at DriveTime?

Do you negotiate price? DriveTime prides itself on being open and straightforward with our customers. By offering a no-haggle price on our vehicles, we ensure that all our customers pay the same and receive the same, great value. You can browse our inventory and vehicle prices on DriveTime.com.

How long will it take DriveTime to repo?

Short Answer. DriveTime’s repossession policy varies depending on the terms outlined in your contract. However, if you default on your loan, the company’s lending partners typically take at least 60 days to initiate a repossession. For more details on the DriveTime repossession process, see below.

Is it easy to get approved at DriveTime?

Yes! DriveTime now offers customized online approvals. It’s easy and only takes about two minutes. In most cases, you’ll receive an instant confirmation of your down payment amount so you can start car shopping right away.

What happens when you unplug a car tracker?

When unplugged, the unit will automatically send an alert to the management app, allowing the fleet manager to take action to track the vehicle.

Is $30 an hour good?

To someone who just graduated highscool or even college, a $30 an hour full time position would be a good (possibly great) salary. To an individual with 20 years of experience and multiple advanced degrees, $30 an hour would likely be far below market value.