Their fast, easy online approval has no impact on your credit score.
They specialize in helping U.S. buyers with all types of credit situations.
The price you see is the price you pay, no stressful negotiations.
Vehicles include a 5-Day Return Policy and a Limited Warranty.
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Your Fast Online Approval+
The DriveTime journey for our U.S. customers begins with a quick online approval process that takes just a few minutes to complete. You provide some basic information, and we use a soft credit inquiry, which will not affect your credit score. Based on this, you will receive a real financing decision almost instantly.
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Shop Your Personalized Vehicle Inventory+
This is where the DriveTime experience is truly different. Your online approval doesn’t just give you a number; it unlocks a personalized gallery of quality, pre-inspected used vehicles from our nationwide inventory that you are already approved to finance.
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Complete Your Purchase at a DriveTime Dealership+
Once you’ve found the perfect car online, you can schedule a visit to your local DriveTime dealership in the U.S. A friendly advisor will have the vehicle ready for you to test drive and will be there to answer any questions.
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Trading In Your Current Vehicle+
Have a vehicle to trade in? DriveTime accepts trade-ins and can appraise your car quickly. You can apply the value of your trade-in directly toward the down payment on your new DriveTime vehicle, making your purchase even more affordable.
Top Auto Loan Options in the U.S.
- Bank of America Auto Loans: Offers competitive rates, online prequalification, and financing for both dealer and private party purchases, making it a versatile choice for various buyers.
- Capital One Auto Navigator: Provides a seamless online experience with prequalification that doesn’t impact your credit score, allowing you to shop and compare rates effortlessly.
- PenFed Credit Union: Known for low APRs and flexible terms, PenFed caters to members seeking affordable financing options for new and used vehicles.
- LightStream (a division of SunTrust Bank): Offers unsecured auto loans with no restrictions on vehicle age or mileage, ideal for those purchasing from private sellers or looking for a straightforward loan process.
- DriveTime Auto Financing: Specializes in in-house financing for used car purchases, providing personalized terms and a streamlined buying process for customers with various credit backgrounds.
Traditional Bank Financing
Traditional banks like Bank of America and Chase offer structured auto loans with competitive rates—ideal for buyers with strong credit and banking relationships. But these loans can be harder to access if you have poor or limited credit history. DriveTime specializes in helping buyers who may not qualify at traditional banks, offering flexible terms and in-house approval directly at the dealership.
DriveTime Auto Financing
DriveTime offers in-house financing for buyers of all credit backgrounds, including those with no credit or previous credit issues. You can prequalify online in minutes with no impact to your credit score and see personalized down payment and monthly payment options instantly. With over 140 dealerships nationwide, DriveTime makes it easy to choose your car and get financing under one roof. It’s a great solution for buyers who want quick approval and tailored financing—not red tape.
Online Lending Platforms
Platforms like Carvana and LightStream provide digital loan applications, but they may deny applicants with lower credit scores. DriveTime offers a credit-friendly alternative, combining online tools with in-person support at dealerships, so you can shop, finance, and drive away—even if your credit isn’t perfect.
Unsecured Personal Loans
Unsecured loans work for private-party sales but often come with higher interest rates and no dealership support. DriveTime’s auto loans are secured and built specifically for vehicle purchases, offering better rates, vehicle protections, and financing even with less-than-perfect credit—all handled by DriveTime, not a third-party lender.
Buy Here Pay Here Dealerships
DriveTime is often grouped with Buy Here Pay Here dealers because it provides in-house financing. However, it stands apart with more transparent pricing, better vehicle inventory, and real-time online prequalification. While BHPH lots can have sky-high rates and unclear terms, DriveTime gives you tools to understand your payments before you buy, plus customer support and vehicle service options.
How DriveTime Auto Loans Affect Credit & Finances
Financing with DriveTime can help rebuild or improve your credit when you make on-time payments. You’ll start with a soft credit check, and only see a hard inquiry if you move forward. DriveTime reports to major credit bureaus, so it can be a stepping stone to stronger credit. Managing your loan well—and exploring protections like GAP insurance—can strengthen your credit profile and protect your investment.
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