DriveTime Used Cars Vs. J.D. Power
J.D. Power has cemented a reputation for professionally accumulating and analyzing data in the best interest of consumers. For the automotive field, verifiable & unbiased information of real-world experiences endured by real vehicle owners is gathered through surveying the market from the third month to the third year of vehicle ownership.
The feedback generated from verified vehicle customers is used to segment the car market by price & size to create car ratings. Eventually, from these ratings, we derive the J.D. Power 100-Point Score (an overall rating per model per year) based on the following categories, weighted as indicated:
- Driving Experience (30%)
- Quality and Reliability (30%)
- Dealership Experience (30%)
- Resale Value (10%)
The 100-Point Score can be converted into four classifications for a high-level summary:
- Among the Best (90-100)
- Above Average (81-90)
- Average (70-80)
- Below Average (0-69)
On top of all that, serving consumers with a fuller understanding of car pricing and value, our J.D. Power Verified Fair Price is a dependable indicator that one is not overpaying for the desired vehicle. Using the purchasing information from over 12 million retail transactions each year, we keep close tabs on the average price and the price range paid by the majority of the people. Dealers who qualify will have the J.D. Power Verified Fair Price badge applied! Seeing that badge grants the assurance that the price is close to the average in that region.
Who DriveTime Is
Drive Time used to be called the Ugly Duckling, and this website takes a holistic approach to the used car buying process by offering buyers the chance to find their ideal car from a nationwide inventory of vehicles. Drive Time also allows users to find the best deals on cars in their area, and you can filter results to find the best features and specifications that you need.
Drive Time also allows users to set alerts so they know when potential vehicles are available, and this site lists Kelly Blue Book market values, so users also see if they're getting a good deal. DriveTime is a private company that has expanded nationwide since it began in 2002, and it's unique because it offers subprime lending when most other lenders do not.
DriveTime Used Cars
Since the DriveTime website offers to finance buyers with less than ideal credit scores, the site urges buyers first to pick their down payment amount, which helps to narrow down their list of affordable vehicles. Once the results have whittled down, the interface allows buyers to filter cars by year as far back as 2009.
Buyers can also filter results by features or other specifications that they prefer, and customized alerts are an useful option for those that don't want to check the DriveTime site daily. The website is concise and displays only the most relevant information so buyers can see the essential information for the vehicle they are considering.
Full vehicle history reports are available for all cars on the DriveTime website. The site also makes it very easy to schedule an appointment with a local DriveTime dealership in the area. The DriveTime website even makes it painless to get a trade-in value on your current car and to set a down payment that the buyer can reasonably afford.
Nationwide, the DriveTime company has around 138 dealerships spread across 26 states in the US. DriveTime has its headquarters in Tempe, Arizona, and to date, they've sold over a million used vehicles. When a buyer searches for a vehicle, they are directed to the closest one to their location by the website, and that location gets identified through the internet connection used.
Once the buyer finds a vehicle that meets their needs, contact information for the dealership becomes displayed alongside a helpful map and pictures of the location. DriveTime offers a money-back guarantee that lasts for five days and a warranty period of 30-days. This company does not deliver vehicles to buyers regardless of their location, and cars cannot be reserved on the website before visiting the dealership.
DriveTime accepts some trade-ins with an appraisal conducted by a third-party, and buyers will find additional resources on the website that assist with the entire car-buying process. The library of articles on the site focuses primarily on subprime lending and general financing in addition to an advice center with different categories.
Categories listed in the advice center include insurance, savings, maintenance, and other materials that demystify the whole process and help buyers make informed decisions.