Introduction
Dear Jake, welcome to our latest article about drive time cars for sale. In this article, we will be discussing the advantages and disadvantages of purchasing a drive time car. We will also provide a comprehensive table detailing the features of these cars, as well as answering 13 frequently asked questions. By the end of this article, we hope to have provided you with all the information you need to make an informed decision on whether or not to buy a drive time car.
What are Drive Time Cars?
Drive time cars are a type of vehicle that are sold by DriveTime, a company that specializes in selling used cars. These cars are sold as a way for people with poor credit scores to get access to a vehicle. DriveTime offers financing options for these cars, which can be purchased with just a small down payment.
The Advantages of Drive Time Cars
Drive time cars have several advantages over other types of used cars. First, they come with a warranty, which means that any repairs that need to be made within a certain time frame will be covered by the warranty. This can save you money in the long run, as you won’t need to pay for expensive repairs out of pocket.
Another advantage of drive time cars is that they are inspected and reconditioned before they are sold. This means that you can be confident that the car you are purchasing is in good working condition. DriveTime also offers a free CarFax report with every car they sell, so you can see the car’s history before making a purchase.
Drive time cars are also a good option for people with poor credit scores. DriveTime offers financing options for these cars, which means that you can get access to a vehicle even if you have a low credit score. This can be a good way to improve your credit score, as making regular payments on your car loan can help to boost your credit score over time.
The Disadvantages of Drive Time Cars
While drive time cars have several advantages, they also have some disadvantages that you should be aware of. First, drive time cars are typically more expensive than other types of used cars. This is because they come with a warranty and have been inspected and reconditioned before they are sold.
Another disadvantage of drive time cars is that the financing options can be expensive. DriveTime offers financing options for these cars, but the interest rates are typically higher than what you would find at a bank or credit union. This can make the monthly payments on your car loan more expensive.
Finally, drive time cars can be more difficult to sell than other types of used cars. This is because they are often sold to people with poor credit scores, which can make it harder to find a buyer if you decide to sell the car in the future.
Drive Time Cars for Sale: The Complete Table
| Feature | Description |
|---|---|
| Warranty | Drive time cars come with a warranty, which covers repairs for a certain time period. |
| Inspection and Reconditioning | Drive time cars are inspected and reconditioned before they are sold, so you can be confident that the car is in good working condition. |
| Financing Options | DriveTime offers financing options for these cars, which can be a good option for people with poor credit scores. |
| CarFax Report | DriveTime provides a free CarFax report with every car they sell, which allows you to see the car’s history before making a purchase. |
| Higher Price | Drive time cars are typically more expensive than other types of used cars. |
| Expensive Financing | The financing options for drive time cars can be more expensive than what you would find at a bank or credit union. |
| Difficult to Sell | Drive time cars can be more difficult to sell than other types of used cars, as they are often sold to people with poor credit scores. |
Frequently Asked Questions
1. What is a drive time car?
A drive time car is a type of used car that is sold by DriveTime. These cars come with a warranty and are inspected and reconditioned before they are sold.
2. How much do drive time cars cost?
Drive time cars are typically more expensive than other types of used cars, as they come with a warranty and have been inspected and reconditioned before they are sold.
3. What financing options are available for drive time cars?
DriveTime offers financing options for these cars, which can be a good option for people with poor credit scores. However, the interest rates are typically higher than what you would find at a bank or credit union.
4. Do drive time cars come with a warranty?
Yes, drive time cars come with a warranty, which covers repairs for a certain time period.
5. Are drive time cars inspected before they are sold?
Yes, drive time cars are inspected and reconditioned before they are sold, so you can be confident that the car is in good working condition.
6. How do I know if a drive time car has been in an accident?
DriveTime provides a free CarFax report with every car they sell, which allows you to see the car’s history before making a purchase.
7. Can I sell my drive time car?
Yes, you can sell your drive time car. However, these cars can be more difficult to sell than other types of used cars, as they are often sold to people with poor credit scores.
8. Can I trade in my drive time car?
Yes, you can trade in your drive time car. However, you may not get as much money for it as you would for a different type of used car.
9. How often do I need to make payments on my drive time car?
This will depend on the financing option you choose. DriveTime offers several different payment plans to choose from.
10. What happens if I miss a payment on my drive time car?
If you miss a payment on your drive time car, you may be charged a late fee. If you continue to miss payments, your car may be repossessed.
11. Can I get a refund if I am unhappy with my drive time car?
This will depend on the specific circumstances of your purchase. You should contact DriveTime if you are unhappy with your car.
12. What if my drive time car needs repairs?
If your drive time car needs repairs, you can take it to a DriveTime service center for repairs. If the repairs are covered by your warranty, you will not need to pay for them.
13. How can I improve my credit score with a drive time car?
You can improve your credit score by making regular payments on your car loan. This can help to boost your credit score over time.
Conclusion
In conclusion, drive time cars have several advantages and disadvantages that you should be aware of before making a purchase. While these cars come with a warranty and have been inspected and reconditioned, they are typically more expensive and have higher financing rates than other types of used cars. However, they can be a good option for people with poor credit scores who need a vehicle. We hope that this article has provided you with all the information you need to make an informed decision on whether or not to buy a drive time car. If you have any further questions, please don’t hesitate to contact DriveTime.
Disclaimer
The information in this article is for informational purposes only and should not be considered legal or financial advice. DriveTime is not responsible for any errors or omissions in this article, or for any decisions made based on the information contained in this article. Please consult with a financial professional before making any financial decisions.
