DriveTime 1-888-418-1212 https://www.drivetime.com
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DriveTime Investor Relations

Why invest in DriveTime? We do it all and we do it well.

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Why Invest in DriveTime? We do it all and we do it well.
Corporate Profile

Founded in 2002, DriveTime is the second largest used vehicle retailer in the United States with a primary focus on the sale and financing of used vehicles and related products. DriveTime is a privately held company that operates a fully integrated business model. Through our branded dealerships and loan servicing centers, we provide our customers with a comprehensive end-to-end solution for their automotive needs, including the sale and financing of their vehicle.

We focus on giving our customers the ability to acquire used vehicles through six key activities:

  • Vehicle acquisition
    We acquire inventory primarily from used vehicle auctions. Our national vehicle selection strategy utilizes a centralized process and employs a team of our own buyers purchasing from over 140 auctions nationwide.
  • Vehicle reconditioning and distribution
    Subsequent to acquisition, vehicles are transported to one of our regional reconditioning facilities, where we recondition the vehicles and perform a multi-point inspection. DriveTime is not able to make safety recall repairs, so vehicles may be subject to open recalls. Visit www.safercar.gov for more information about recalls.
  • Vehicle sales
    We focus on selling used vehicles with affordable payments through our extensive network of company-owned dealerships. Our dealerships maintain a wide selection of used cars, trucks and SUVs with vehicle ages generally ranging from one to seven years.
  • Underwriting and finance
    Using information provided as part of the credit application process, our centralized proprietary credit scoring system determines a customer's credit grade and the corresponding minimum down payment and maximum installment payment. We monitor the performance of our portfolio and close rates on a real-time basis, allowing us to centrally adjust pricing and financing terms to balance sales volumes and loan performance.
  • Loan servicing
    Through Bridgecrest, our sister company, we perform all servicing functions for our loan portfolio, from collections through the resale of repossessed vehicles. Our collections are centralized into two regional collection facilities and our collections teams use sophisticated systems in our collection strategy.
  • After sale support
    As a part of our commitment to supporting our customers even after they purchase a vehicle, we provide a 30 day / 1500 mile limited warranty and offer you the option to purchase up to a 5 Year / 50,000 Mile Vehicle Protection Plan. Other products may be purchased separately at time of sale. See dealership for details.
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Down Payment Comparison
Our customers save up to $1000 on their down payments!*
Find out your real down payment online in minutes before you even go into the dealership.

*Average savings based on the difference between DriveTime's average required down payment and average market down payments (from a leading auto researh company) for all 2018 vehicle sales nationwide.