Drivetime Auto Insurance: What You Need To Know

DriveTime offers a range of services to help customers with the car-buying process, including advice on auto insurance. The company provides a checklist of items to bring when purchasing a vehicle, which includes proof of insurance. DriveTime can help customers obtain insurance if they don't already have a provider. The company also offers a range of financing options, including for those with bad credit or no credit history.

DriveTime can help you obtain insurance

When buying a used car, customers get swept up in the excitement of finding the right vehicle and often forget about the technicalities of the process. There are several steps that need to be taken before completing a purchase, such as being approved for financing and test-driving the car. Once a car has been selected, there's paperwork to be added that is necessary to ensure the customer is fully aware of its costs and so the dealership can properly send in their paperwork to the DMV for registration.

At DriveTime, we let customers make up their own order for the car-shopping process. If a customer wants to be approved before they begin shopping, that is fine. We allow you to do this first so that there is no concern about finding the dream car and then not getting approved. However, if someone would rather look around at our selection of used cars, trucks, vans, or SUVs, that is also acceptable. We want the car shopper to make their car-buying experience all about them.

Once a car has been selected and a buyer is approved, there is a structure that sets in concerning the day of purchasing. To simplify the process, here is a checklist of items to bring when purchasing a vehicle from DriveTime (and most other dealerships):

• State ID: A valid driver's license (or other accepted identification) must be shown at the dealership to purchase a car.
• Proof of income: Either a bank statement or the stub of a paycheck will suffice. This verifies your employment and shows the dealership that monthly payments can be met.
• Proof of residence: A buyer will need to offer a piece of mail from their current address in order to make the purchase. The best choices are a utility bill or your home's lease or mortgage agreement. This shows that the monthly bills will reach the buyer at the address that was given in the paperwork.
• Proof of insurance: This entails showing a valid auto insurance card. Insurance companies in some states allow car owners to make the transfer from the old vehicle to the new one in the few weeks after the car is purchased. Others may want to be alerted of the change immediately, and you will need to call the company while still at the dealership before driving off the lot. It is best to check with the insurance company before going to the dealership. If a customer currently has no insurance on a car, this too will require a phone call from the lot to set up insurance before a purchase can be finalized. DriveTime can help you obtain insurance if you don't already have a provider.
• Title for trade-in: If a trade-in is taking place, don't forget to bring the certificate of title for the vehicle. Without it, the process will slow down while the dealership contacts the DMV for proof of ownership on the car.

You can get approved on drivetime.com and know your down payment before you start shopping

DriveTime offers a unique car shopping experience by allowing customers to make up their own order for the car-shopping process. If a customer wants to be approved before they begin shopping, that is fine. We allow you to do this first so that there is no concern about finding the dream car and then not getting approved.

The down payment amount will change depending on what vehicle you want to purchase. You can get approved and know your down payment amount, and then head into your local dealership to choose your vehicle and finalize your approval.

The down payment can also change depending on your income or employment history verification when you’re at the dealership. Generally speaking, more expensive vehicles require more money down than less expensive vehicles.

DriveTime does not offer the opportunity to make payments on the down payment. However, we do offer a reservation program. The DriveTime reservation program allows you to hold the car of your choice for up to seven days, but you cannot drive the vehicle off the lot until the down payment is fully paid. Reservation payments are also 100% refundable.

DriveTime offers a reservation program that lets you hold a car for up to seven days

To reserve a car, you will need to head to your local dealership to choose a car. You can start your approval online to get started, and then head to your local dealership to choose your car.

When you go to the dealership, make sure you bring a valid driver's license, recent proof of income such as pay stubs, proof of residency such as a recent utility or phone bill, and proof of insurance. If you don't have insurance, DriveTime can help you obtain it.

The overall process time varies between each customer but typically takes between 45 minutes and two hours.

DriveTime offers interest rates as low as 5.9%, on approved credit

DriveTime offers interest rates as low as 5.9% on approved credit. The rate offered to you will depend on your credit score and history. The higher your credit score, the more likely you are to be offered a lower interest rate.

It is important to note that the interest rate is not the only factor that determines the cost of your loan. The length of the loan, the amount borrowed, and any additional fees or charges will also impact the overall cost.

When considering a loan, it is important to compare the interest rates and terms offered by different lenders to ensure you are getting the best deal. It is also important to read the fine print and understand all the costs and fees associated with the loan before signing any agreement.

DriveTime also offers a range of other financial products and services, including auto insurance, which can be added to your loan. It is worth considering the overall cost of the loan, including any additional products or services, when making a decision.

DriveTime is committed to helping customers find the right financing options for their unique situations. With over 100 dealerships across the nation, we are the second-largest used car dealership in the country. We specialize in helping people with bad credit or no credit history find the financing they need to purchase a vehicle.

Our approval process is simple and can be started online. We offer flexible down payment options and work with our customers to find a payment plan that fits their budget. We also provide a reservation program that allows customers to hold a vehicle for up to seven days without driving it off the lot.

In addition to our financing options, we offer a wide selection of used cars, trucks, vans, and SUVs. Our vehicles undergo a rigorous multi-point inspection process, and we provide complimentary AutoCheck Vehicle History Reports for every vehicle on our website.

Whether you are looking for a used vehicle or need help with financing, DriveTime is here to help. Our experienced team will work with you to find the best options for your needs and budget. Contact us today to get started!

DriveTime includes a 30-day warranty on all vehicles at no extra cost

DriveTime offers a 30-day warranty on all vehicles at no extra cost to the customer. This means that if you experience any covered issues within the first 30 days of owning your new vehicle, DriveTime will take care of it. This warranty is in addition to DriveTime's optional vehicle protection plan, DriveCare, which offers extended powertrain coverage for up to 5 years or 50,000 miles.

The 30-day warranty provides customers with peace of mind and confidence in their purchase. It covers a range of potential issues that could arise with a used vehicle, ensuring that customers won't have to bear the cost of unexpected repairs during the initial period of ownership.

In addition to the 30-day warranty, DriveTime also offers a 5-day money-back guarantee. This means that if customers change their mind about their purchase for any reason within the first 5 days, they can return the vehicle with no strings attached. This policy gives customers added flexibility and assurance that they are making the right decision.

The warranty and money-back guarantee are part of DriveTime's commitment to providing a transparent and customer-centric car-buying experience. With these offerings, customers can feel confident in their purchase, knowing that they are protected from unexpected costs and have the option to return the vehicle if it doesn't meet their needs.

Furthermore, DriveTime also provides complimentary AutoCheck Vehicle History Reports for every vehicle on their website. This allows customers to access important information about the vehicle's history, including any previous accidents, recalls, or title issues. This level of transparency helps customers make informed decisions and ensures they know exactly what they are getting.

Overall, DriveTime's 30-day warranty, along with their other customer-centric policies, demonstrates their dedication to providing a positive and worry-free car-buying experience. With these offerings, customers can feel confident and secure in their purchase, knowing that they are protected and supported by DriveTime.

Frequently asked questions