DriveTime doesn't install kill switches of any kind, but it does often finance vehicles with pre-installed GPS systems, spokesman Chris Piper told Bloomberg. ... Lenders also argue that the kill switches allow them to extend loans to lower-credit borrowers by reducing risk in the repossession process.2017-02-20
Is buying a car from DriveTime a good idea?
DriveTime is a good option for people who have either no credit or less than optimal credit. DriveTime has more than just a wide array of used cars at fair prices. Additional features like a five-day vehicle return policy and a 30-day/1,500 limited warranty make it a solid choice for your next vehicle purchase.
Can finance companies track your car?
They can figure out when you leave town and see where you parked your car. ... Auto loans to Americans with poor credit have been booming, and many finance companies, credit unions and auto dealers are using technologies to track the location of borrowers' vehicles in case they need to repossess them.2017-02-19
What tracking does DriveTime use?
PHOENIX — Drive Time announced it has selected Inilex to be the supplier of GPS-based vehicle tracking and recovery solutions for its 89 dealership locations. “We look forward to building this relationship with Inilex,” said John Gersitz, Drive Time managing director.2011-11-01
Does DriveTime have hidden fees?
What additional or hidden fees does DriveTime charge? Fees such as documentation, tax and titling, for example, vary by dealership and by state, so please check with your Sales Advisor to see a breakdown of all charges on your vehicle. You will be able to review all fees prior to purchasing or leasing your vehicle.
Do new cars have tracking devices?
Most new cars will have some type of location tracking technology included, but they have to provide you information on it upfront, you just have to actually read that stack of paperwork they give you to learn the details.