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Bottom Line: DriveTime delivers 99% approval rate in the Car Loans space. A solid pick if that matches what you need, though not necessarily the cheapest option out there.
Overview
DriveTime specializes in helping borrowers with all credit types get approved for auto loans with a 99% approval rate and personalized terms.
DriveTime brings a focused approach to providing services in all credit types, high approval rates, same day financing, with loans ranging from $10,000 – $40,000.
On the plus side: 99% approval rate, no minimum credit score requirement, same day approval process. The trade-offs? limited to cars in their inventory, may have higher rates for poor credit.
Key Features
- Approvals: 99% who apply
- Personalized terms for budgets of all types
- Cars priced from $10,000 – $40,000
- Minimum Credit Score: None
Rates & Fees
On the cost side, here’s what to expect.
- APR range: 6.99%
- Loan amounts: $10,000 – $40,000
- Fees: Low fees
Your actual rate depends on credit score, loan amount, and term length. These numbers reflect advertised ranges — your offer may differ.
Who Is This For?
DriveTime is geared toward those looking for all credit types with high approval rates. Particularly strong for anyone in the market for all credit types, high approval rates, same day financing.
This might not be the best fit if limited to cars in their inventory is a dealbreaker for you.
Application Process
Apply through DriveTime’s website or platform. Response times are typically fast: same day approval. Have your financial documents ready to speed up the process.
How DriveTime Compares
In the car loans market, DriveTime sits in the middle of the pack on pricing but differentiates on service and speed.
With a rating of 9/10, it ranks among the stronger options available.
Best For: All credit types with high approval rates
Response Time: Fast: same day approval
