Drive Time Auto Loans
Drive Time Auto Loans
in Auto Loans from Drive Time

Drive Time Auto Loans

in Auto Loans from Drive Time
Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend Drive Time Auto Loans to your friends?

Thanks for your vote!

You voted: May or may not recommend

Credit Score Range 600 - 840
Loan Amount $7,000 - $35,000
APR  (Variable APR) N/A
Loan Term (Months) N/A

Drive Time Auto Loans Review

Drive Time Auto Loans is offered by Drive Time, a bank founded in 2002 and based in Tempe, AZ. Drive Time Auto Loans are available in 50 states (and Washington, DC).

Drive Time auto loans FAQ

How much can you borrow via Drive Time auto loans?

Drive Time auto loans loan amounts start at $7,000 and go up to $35,000.

What APR does Drive Time auto loans offer on its car loans?

Drive Time auto loans offers a variable APR car loan product but they do not disclose their rates.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

Does Drive Time auto loans charge an origination fee?

Yes, Drive Time auto loans may charge a loan origination fee.

Does Drive Time auto loans charge a late fee?

Yes, Drive Time auto loans charges borrowers with a late payment penatly fee of up to $5, which is triggered if you're 15 days late.

Does Drive Time auto loans charge prepayment fees?

Yes, Drive Time auto loans does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my Drive Time auto loans loan?

Yes, you can. However, Drive Time auto loans charges a prepayment fee if you pay your car loan early. This fee could reduce or eliminate the savings from paying the car loan early.

What do you need to qualify for Drive Time Auto Loans?

Applicants with a credit score of at least 600 and up to 840 may be eligible for Drive Time Auto Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Drive Time Auto Loans does not have or does not disclose a minimum annual income eligibility requirement. Drive Time Auto Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Drive Time Auto Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Drive Time Auto Loans.

To qualify, applicants may need to provide the following documentation:

  • Recent pay stubs
  • Proof of income
  • Proof of insurance
  • Driver's license
  • Government issued photo ID
  • Proof of identity
  • Proof of residence
  • U.S. tax identification number

What is the estimated funding time for a car loan via Drive Time auto loans?

Drive Time auto loans will typically approve (or deny) a car loan application within 1 hour and fund the car loan within business day of approval.

Does Drive Time Auto Loans report your account activity to credit bureaus?

Yes, Drive Time Auto Loans reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

Is Drive Time a legit company?

Drive Time was founded in 2002, it is a well-established company that has been in business for 21 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

SuperMoney Disclosure: is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.


Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 5:00pm
  • Tuesday 8:00am - 5:00pm
  • Wednesday 8:00am - 5:00pm
  • Thursday 8:00am - 5:00pm
  • Friday 8:00am - 5:00pm
  • Saturday Closed

About Drive Time Auto Loans


  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Late Fee Amount Starting at $5
Late Fee Grace Period 15 days
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
  • Unemployed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Maximum Mileage 150,000
Maximum Vehicle Age 13
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
  • Tax Returns
Verification Documents Required
  • Driver License (or other photo ID)
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Identity
  • Proof of Residence
  • Proof of Insurance
  • Government Issued Photo ID
  • U.S. Tax Identification Number
  • Social Security Number
Credit Score Range 600 - 840
Approval Speed 1 hour
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Customizable Payment Dates
Funding Time Range Starting at 1 day
Payment Options
  • Automatic Payments
  • Check by mail
  • Bank Transfer
APR Type Variable APR
Loan Amount $7,000 - $35,000

Be the first to rate


Would you recommend Drive Time Auto Loans to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Other Auto Loans