Saving Money

Does DriveTime Run Your Credit?

Are you looking for a new car in 2022? Chances are you don’t know where to start. Between limited deal options and outrageous MSRPs, the modern buyer is left feeling discouraged before their search even begins. That said, you shouldn’t get too disheartened. There are plenty of online sources that are helping potential buyers this year. If you haven’t already, take the time to check out DriveTime, a used car retailer with in-house financing.

Does DriveTime approve anyone?

If you’re new to the car buying scene, searching for the right vehicle can feel overwhelming. Add the current market situation into the mix, and you’ve got yourself a challenge. Luckily, retailers like DriveTime make car buying in 2022 a lot easier. You can browse through over 12,000 used vehicles and apply for financing on the spot.

The great thing about DriveTime is they build customized approvals. They won’t find fault with you if your credit score is not its best. Fair warning, they will run your credit. However, weary shoppers should feel some relief knowing they’ll take everything into consideration as well. If you find yourself a little hesitant to even try applying for this reason, you should use DriveTime to your advantage.

What is a typical down payment at DriveTime?

DriveTime encourages car shoppers to save at least 20% for a down payment. Even though the national average for a down payment is 11%. If you have the time to save more before making a car purchase, this will mean you’ll have less to finance and possibly a better deal on your hands. But we know this isn’t the most realistic scenario for every car shopper. Overall, you can rely on a representative to guide you through the process. DriveTime’s comprehensive search engine also makes it a breeze to secure a new ride, whether you have 10% or 20% to put down.

Tips to consider

So far DriveTime’s in-house financing has helped over 1 million people. At a time when the market is less than ideal, its a great opportunity to turn to a used car options instead of buying new. Not only will you get a better deal, you could end up finding a vehicle that is a better value. With vehicle selection and customer satisfaction as a top priority, every buyer should feel comfortable using DriveTime in 2022.

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Linzi Martin
Linzi Martin has worked as a content manager, consultant, and writer for the past six years. She's handled everything from blogs and articles to e-books and social media content. Her work has been featured in various publications including Apartment Guide, The Startup, and Voyage Magazine. Outside of work, Linzi enjoys staying active, frequenting new restaurants around South Florida, and spending time with her family.

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