DriveTime

DriveTime

Pre-owned car retailer with financing options

About DriveTime

Simplify's Rating
Why DriveTime is rated
C+
Rated C 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

Overview

DriveTime is a pre-owned car retailer that focuses on enhancing the car buying experience through technology and industry knowledge. The company operates across the United States, helping customers find reliable used vehicles while offering services such as purchasing, financing, and vehicle protection. DriveTime uses advanced tools to make the car buying process more efficient and user-friendly, setting itself apart from competitors by prioritizing customer satisfaction and tailored solutions. The goal of DriveTime is to improve the lives of its customers, employees, and communities by creating opportunities and expanding its reach into new areas.

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Simplify's Take

What believers are saying

  • Increased demand for online car buying platforms boosts DriveTime's growth potential.
  • AI in credit scoring allows DriveTime to offer personalized financing options.
  • The rise of EVs in the pre-owned market expands DriveTime's inventory opportunities.

What critics are saying

  • Increased competition from Car-Mart may challenge DriveTime's market position.
  • Rising fuel prices could impact the cost-effectiveness of DriveTime's GasHero partnership.
  • Expanding into new territories may strain DriveTime's resources and operations.

What makes DriveTime unique

  • DriveTime uses proprietary technology to enhance the car buying experience.
  • The company offers comprehensive services including purchasing, financing, and vehicle protection.
  • DriveTime focuses on helping customers with credit issues purchase vehicles.

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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
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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