What is DriveTime?
Founded in 2002 and headquartered in Tempe, Arizona, DriveTime operates as a prominent American used car retailer. The company manages a substantial network of 137 dealerships spread across 26 states. A key differentiator for DriveTime is its provision of in-house financing, offering flexible options to a broad customer base. This integrated approach to sales and financing positions DriveTime uniquely in the competitive used automotive market.
How much funding has DriveTime raised?
DriveTime has raised a total of $400M across 1 funding round:
Debt
$400M
Debt (2019): $400M with participation from D.F. King & Co.
Key Investors in DriveTime
D.F. King & Co.
D.F. King & Co. is an entity involved in the company's debt financing, suggesting a role in capital markets or financial services.
What's next for DriveTime?
The substantial enterprise-level funding and strategic investment indicate DriveTime is poised for continued expansion and operational enhancement. This capital infusion is likely to support further scaling of its dealership footprint, refinement of its in-house financing capabilities, and potentially the adoption of new technologies to streamline the customer purchasing experience. DriveTime's strategic focus on integrated financing suggests a commitment to capturing a larger share of the market by offering a comprehensive solution for used car buyers.
See full DriveTime company page
