This website contains age-restricted materials including nudity and explicit depictions of sexual activity.
By entering, you affirm that you are at least 18 years of age or the age of majority in the jurisdiction you are accessing the website from and you consent to viewing sexually explicit content.
Carvana is a sister company of drivetime. Drivetime’s target customer base is sub-prime. Putting 2 and 2 together, this doesn’t surprise me at all. Their lowest interest rate might be 16% (for their target customer base) and goes upwards of 30%
Wild. I bought a car from Carvana in 2022 and the interest rate back then was 6% on a 3-year loan, which was on the high side of normal for the time period.
At drivetime, I’ve been told that my rates might be lower if I got a pre-approval from my bank instead of going through them (if I have the credit score for my bank/credit union to give me a loan)
Carvana is a sister company of drivetime. Drivetime’s target customer base is sub-prime. Putting 2 and 2 together, this doesn’t surprise me at all. Their lowest interest rate might be 16% (for their target customer base) and goes upwards of 30%
Wild. I bought a car from Carvana in 2022 and the interest rate back then was 6% on a 3-year loan, which was on the high side of normal for the time period.
At drivetime, I’ve been told that my rates might be lower if I got a pre-approval from my bank instead of going through them (if I have the credit score for my bank/credit union to give me a loan)