DriveTime
Sells used vehicles and provides in-house auto financing.
Company facts
- Founded
- 2002
- Employees
- 3,800
- Headquarters
- United States
- CEO
- Scott Worthington
- Type
- Private
- Funding
- Private Equity · $15.5M · 2002
- Subsidiaries
- Bridgecrest, SilverRock, GoFi
About
DriveTime Automotive Group Inc. is an American used car retailer and finance company based in Tempe, Arizona. Established in 2002, DriveTime has grown to become the nation's largest integrated used auto dealer and finance company, operating over 135 dealerships across 26 states. DriveTime stands out for its unique approach, providing both the vehicle and the financing for customers, catering primarily to those with subprime credit. The company is known for its commitment to customer service, ensuring that individuals who might typically struggle to secure auto loans can access reliable financing options tailor-made to their needs. Originally known as Ugly Duckling Rent-A-Car when founded in 1977, the company has since transformed its identity and focuses on streamlining the used car buying process through advanced technology and innovative practices. Each vehicle undergoes a rigorous inspection process at one of its centers ensuring quality before sale. DriveTime's mission is to improve the lives of its customers, employees, and communities, reflecting a deep-rooted commitment to social responsibility. Through initiatives such as employee internships and community outreach programs, DriveTime continually aims to create opportunities and make a positive impact.