Up2Drive Overview

Up2Drive offers direct installment loans for financing or refinancing the purchase of motor vehicles. The company is a division of BMW Bank of North America, which is a subsidiary of BMW Financial Services NA, LLC. The Corporation was founded in 1993 to provide leasing, wholesale and retail financing services to BMW customers. BMW Financial Services NA, LLC has over $24 billion in assets and an A rating from the BBB.

How Do Up2Drive’s Auto Loans Work?

Up2drive offers three types of loans: new car financing, used car financing and auto refinancing. To be eligible for a new car loan, the purchase must be made at a franchised dealership and mileage cannot exceed 6,000 miles. To be eligible for a used car loan, the purchase must be made at a franchised dealership or an approved independent dealer; mileage cannot exceed 100,000 miles, and the vehicle cannot be older than seven years. up2Drive auto loans will not cover motorcycles, commercial vehicles or recreational vehicles.

What Are the Rates for Up2Drive’s Auto Loans?

Up2Drive rates depend on many factors including a customer’s creditworthiness, the loan term, the loan amount and the type of vehicle.

- For a loan with a term of 36 months, rates start at 3.19% APR.

- For a loan with a term of 60 months, rates start at 3.39% APR.

- For a loan with a term of 72 months, rates start at 3.69% APR.

The starting APRs assume excellent credit history and reflect enrollment in the company's EasyPay feature, which automatically deducts your monthly payment from a linked bank account. If you do not enroll in EasyPay, you will be subject to an APR that’s .50% higher than it would otherwise be.

How Much Money Can I Borrow for Up2Drive Auto Loans?

Up2Drive offers auto loans ranging from $7,500 to $50,000. For a new car, the loan-to-value ratio cannot be greater than 110% of the manufacturer's suggested retail price. For a used car, the loan-to-value ratio cannot be higher than 110% of the Kelley Blue Book retail value.

What Is Up2Drive’s Application Process Like?

With Up2Drive, you can apply online using the company's secure website. When submitting your application, you’ll be required to provide personal contact information in addition to detailing your monthly income. If approved, you'll receive a drive check, which can be used like a personal check for purchasing or refinancing your vehicle.

How Are Up2Drive’s Auto Loans Better than Other Auto Loans?

- Up2Drive offers low rates.

- Once you’re approved, Up2Drive will give you a drive check, which can be used as a personal check to pay for a car at a franchised dealership.

- Franchised dealerships are located throughout the country.

- The parent company BMW Financial Services NA, LLC has an A rating from the BBB.

  • Loan Amount
    $7500 - $50000
  • Payment Options
    • Automatic Payments
    • Check by mail
  • APR
    Starting at 3.19%
  • Max Loan Term (Months)
  • Credit Score Range
    650 - 850
  • Immigration Status Considered
    U.S. Permanent Resident
  • Military Status
    • Active Duty Military and Dependents
    • Non-Military
  • Minimum Age
  • Supported Income Types
  • Verification Documents Required?
    • Recent bank statements
    • Recent pay stubs
    • Driver license (or other photo ID)
    • Proof of citizenship/residence
  • Institution Type
    Direct Lender
  • Deferred Payments
  • Joint Loans Available
  • Funding Time
    1-7 days
  • Credit Bureau Reporting
"All Annual Percentage Rates (APRs) listed are for sample purposes only and assume excellent credit history. The APRs also reflect a .50 percentage point discount for enrollment in our automatic monthly payment feature (EasyPay) that must be selected at the time of application. Credit application and approval are required. If you choose to apply and your credit application is approved, your APR, amount financed, and/or monthly payment may be higher or lower based on a number of factors, including the amount you wish to borrow, your creditworthiness, your approved loan amount, the length of your loan repayment period (loan term), vehicle age and make/model, and whether you elect to make automatic payments each month using our EasyPay feature. A representative example of the repayment terms for an up2drive loan includes the following: A loan amount of $20,000 (amount financed) with no down payment, a 9.50 % APR, and 60 monthly payments of $420.04. This example assumes excellent credit history and enrollment in EasyPay."
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0 votes

Got an email saying the loan is denied. Well, it was the first time in my life Id heard of your company, never apply any loan. I always use my credit union and ALWAYS get approve.

0 votes


Now there's a resultant ding on my credit bureau report. I will have to waste time getting it off.

I called them, but they insist that they can't do anything to help.

As others have said, these people are nothing but SCAMMERS!

I gave 1 star because it is not possible to give them a ZERO

0 votes

I loved working with the staff at Up2Drive. They were all very knowledgeable about the loan products and super friendly to my husband and I. It was one of the best auto loan experiences I've ever had, and I've had quite a few. I really couldn't be happier and recommend them to everyone.

0 votes

How often can you state that getting a car loan is smooth and painless? Not that often. But if you go with up2drive, it definitely will be. All the people I spoke with there are really friendly and helped me along the way. No lengthy process here. Just a straightforward auto loan.

0 votes

The communication up2drive has with its customers is excellent! I applied and was contacted right away, then kept in contact with my loan rep the entire time. I was actually waiting on my bank to process my loan, but dropped them when up2drive responded and gave me a better rate. I'd definitely use them again in the future.

0 votes

If Up 2 Drive was open on the weekends, they would be a 5 star company. They were the quickest, easiest car loan I have ever gotten. I did have a few questions that had to wait until Monday morning, but it wasn't the worst waiting. It would be a lot more convenient, though, But, they are a wonderful company and got me the lowest rate out there.

0 votes

I've had issues with financing companies changing the rates last minute, but Up2Drive did not. The quote I got on day one was the interest rate I got on my final loan. I also couldn't be happier with their customer service. Every person was very polite, and really put me at ease even though I was originally hesitant to use this lender.

0 votes

My husband and I couldn't be more pleased with up2drive. Getting approved was so easy and happened almost instantaneously. My only piece of advice would be to read over everything you have to sign. We were satisfied by the agreements, but that's always important to do. We recommend them.

0 votes

I am very happy with up2drive! The process of getting the loan was so simple. They sent me the packets for both new and used when I requested them, because I wasn't sure what I'd be getting. They have great customer service and answered all my questions. I'm very happy and would use them again in a heartbeat.

0 votes

Up2drive is extremely disorganized! They literally called me a full week after I got my car and told me I needed to submit more documents to prove my income. Umm.. didn't I do that a month earlier? Nevertheless, I would not recommend Up2drive, just because they make stupid mistakes like this.

0 votes

I couldn't be happier with Up2Drive! I got a very low APR even when other lenders gave me much higher numbers. It was all so simple to do. I applied and got funded soon after. The dealership accepted the check and now I have a great, reliable vehicle. I highly recommend Up2Drive!!

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