DriveTime Auto Loans: A Car Loan That Says “Yes” When Others Don’t

DriveTime Auto Financing provides a judgment-free zone with cars that are ready to go and financing that meets people where they are.

DriveTime combines used-car sales with in-house financing, making it easier for buyers who might otherwise be turned away. They operate over 140 U.S. dealerships, handling everything from credit checks to loan approvals on the spot  . Whether you’re rebuilding your credit or just need a car now, DriveTime provides a path—complete with smart tools and personalized terms.

Why DriveTime Works for Many Buyers

• Credit-friendly approach – DriveTime looks at more than just your credit score.
• Quick online pre-approval – Find out what you qualify for in just minutes.
• Thousands of used vehicles to choose from – All available through their own network.
• Personalized down payments – Based on your income and situation, not just numbers.
• No-pressure shopping – Their sales approach is more about help than hustle.
• Includes warranty and return policy – Cars come with limited warranty and a 5-day return option.

Who Should Consider DriveTime?

A good fit for:

✔ People with poor or no credit history

✔ First-time buyers who need help understanding the process

✔ Anyone who’s been denied elsewhere and needs a car now

✔ Shoppers who want a simple, fast process with in-house financing

Maybe not ideal for:

✘ Those with excellent credit who can qualify for lower rates

✘ People looking to finance outside dealerships or buy from private sellers

✘ Buyers who want a new vehicle with manufacturer warranties

Important Things to Know Before You Apply

• Only valid at DriveTime dealerships – You can’t take your loan elsewhere.
• Interest rates are often higher – This is common with in-house financing for bad credit.
• Final approval requires a hard credit check – The initial soft pull won’t affect your score.
• Vehicles are used, not new – All cars sold are pre-owned.
• Expect a larger total loan amount – Some buyers may end up paying more in the long run.

Applying for a DriveTime Loan: Step-by-Step

1. Visit DriveTime’s website
   Start by entering some basic information to see your personalized offers.
2. Pre-qualify in minutes
   You’ll get a quick look at your estimated payments and what cars are available for you.
3. Visit a DriveTime location
   Head to the dealership to test drive and discuss your options.
4. Submit your full application
   Provide your documents, like proof of income and ID. This is when the hard credit check happens.
5. Review your financing plan
   See your full loan terms and make sure they work for you.
6. Drive away
   Complete the paperwork and take your car home—sometimes the same day.
7. Manage your payments
   Use the online portal or pay in person at the dealership.