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DriveTime is a private company headquartered in Tempe, Arizona. [3] The company's business model is focused on selling previously owned vehicles to car-buyers. [4] It uses a proprietary credit scoring model to finance car purchases at its dealerships in-house, [5] [6] including subprime lending.
Ernest García II (born May 1, 1957) is an American billionaire businessman, in the used car sector. 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 January 2025, his net ...
Antoine Sallis was rejected for a car loan because his credit score was 378. About a decade later, he was a millionaire. He repaired his credit and used debt to build wealth.
DriveTime - In 2013, auto financing company DriveTime hired Johnson, along with comedienne/actress Katie Crown, for a "DriveTime Girls" ad campaign, [7] each actress portraying one half of a comically eccentric duo of mobile credit approval agents "rescuing" potential car buyers rejected for financing by other auto dealers.
For first-time car buyers, one of the most daunting parts of negotiating a good deal right now is interest rates.The average auto loan rate for someone with excellent credit is 5.25%, according to ...
Discover the best place to get a car loan by reviewing the pros and cons of lenders, like dealerships, banks, credit unions, and online companies.