DriveTime: Your Credit Doesn’t Define Your Drive

DriveTime Auto Loans are built for people who’ve been told “no” elsewhere. 

Financing a vehicle can be tough—especially if your credit is less than perfect. That’s why DriveTime Auto Loans were created with flexibility and second chances in mind. With their in-house loan system, DriveTime makes it easier to finance a used car, even if banks have turned you down.

This page will explain how DriveTime works, what makes them different, what you should know before applying, and the exact steps to secure a loan. If you’ve faced credit challenges or are new to the system, DriveTime could be the right fit for you.

Why Choose DriveTime Auto Loans?

• No third-party lenders—DriveTime handles financing directly.
  
• Credit challenges welcomed, including prior repossessions or limited history.
  
• Large inventory of used cars available for same-day purchase.
  
• Easy prequalification process with no impact to credit score.
  
• Free AutoCheck® vehicle history reports and service coverage options.
  
• Down payments and monthly terms designed to fit your situation.
  
• 5-day return option gives added peace of mind.

Why Consider Auto Financing?

• Helps you afford a vehicle now, even without savings.
  
• Improves cash flow by spreading payments over time.
  
• Gives you access to a better-quality, more reliable car.
  
• On-time payments can boost your credit score.
  
• Makes the buying process faster and more organized.
  
• Allows for greater flexibility when cash is limited.

What to Know Before You Apply

• DriveTime only offers financing for used vehicles.
  
• Prepare to show proof of income and residency.
  
• Check your credit to understand your starting point.
  
• Use DriveTime’s site to preview payments and car options.
  
• Down payments are usually required but vary by vehicle.
  
• Co-signers are generally not accepted—applicants must qualify individually.
  
• The entire process can be done online or at a nearby location.
  

How to Apply for a Loan with DriveTime

1. Visit drivetime.com and click “Start Your Approval.”
   
2. Enter your information to begin the prequalification process.
   
3. Review available vehicles and see what fits your loan terms.
   
4. Visit a DriveTime dealership or proceed with online purchase.
   
5. Submit documentation to verify your income and identity.
   
6. Review and accept your loan terms, including payments and down payment.
   
7. Sign the agreement electronically or at the store.
   
8. Pick up your vehicle and drive away same-day if approved.
   

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