DriveTime

DriveTime

Pre-owned car retailer using proprietary tech

Overview

DriveTime is a national pre-owned car retailer that connects buyers with reliable used vehicles and a full suite of services. What it does: it helps customers purchase, finance, and protect pre-owned cars, using its nationwide network and proprietary technology to streamline the buying process. How its product works: customers browse and select from a catalog of certified pre-owned vehicles; DriveTime applies its proprietary tools to assess eligibility and approve financing, then offers financing options and protection plans as part of the sale. How it differs from competitors: it combines over twenty years of industry experience with exclusive software tools to speed up approvals, tailor vehicle matches to customers, and simplify the purchase, financing, and protection experience in one place. What the goal is: to improve the lives of customers and communities by expanding access to affordable, reliable vehicles and growing its footprint across new territories.

About DriveTime

Simplify's Rating
Why DriveTime is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Automotive & Transportation

Financial Services

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Phoenix, Arizona

Founded

2002

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Simplify's Take

What believers are saying

  • KBRA upgraded 2026 notes after timely payments and stronger credit enhancement.
  • First-quarter 2026 revenue rose 19.37% to $1.16 billion, with $23.56 million profit.
  • June 2026 showed $4.71 billion outstanding securitizations, proving investor appetite remains open.

What critics are saying

  • CFPB’s DriveTime order still haunts collections, credit reporting, and compliance operations.
  • March 2026 TRA liability reached $2.2 billion, draining cash to related parties.
  • If securitization markets close, DriveTime’s $1.5 billion warehouse stack faces immediate pressure.

What makes DriveTime unique

  • DriveTime pairs used-car retail with Bridgecrest financing and loan servicing at scale.
  • GoFi’s 2026 hiring page says it is AI-centric and cloud-based.
  • KBRA said DriveTime has over 30 years of subprime servicing experience.

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Benefits

Company matched 401k plan

Tuition reimbursement

Leadership development programs

Regular team building events

Onsite networking events with senior leadership

Medical, dental, & vision coverage

Generous paid time off package

Company-paid life insurance and optional disability plans

Maternity & Paternity Leave

Pet Insurance

Company News

BambuUP
Mar 28th, 2025
DriveTime Partners with Girl Gang Garage to Donate Van to Maggie's Place

DriveTime partners with Girl Gang Garage to donate van to Maggie's Place.

Talk Business & Politics
Sep 24th, 2024
Car-Mart hires DriveTime exec Jamie Fischer as COO

Car-Mart hires DriveTime exec Jamie Fischer as COO.

TipRanks
Sep 24th, 2024
America's Car-Mart appoints Fischer as COO

America's Car-Mart announced the appointment of Jamie Fischer as Chief Operating Officer, COO, effective October 7th, 2024.

InHerSight
Aug 7th, 2023
26 companies offering unique benefits and perks

What they offer: DriveTime partners with GasHero, a service that will come to the office and pump employees’ gas for them while they work.

RTÉ
Jul 11th, 2023
How far in advance should you book your holiday?

Sarah Hanrahan, a travel content creator, joined Drivetime to discuss how far in advance you need to book your trips to get the best deals.

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