Drive Financial is a direct auto finance company specializing in sub-prime auto loans. Consumers can be financed directly through Drive Financial or by visiting one of their partner dealerships. Drive specializes in all credit scores and has an auto financing solution for everyone. Drive Financial is headquartered in Fort Worth, Texas.
Auto Loans from Drive Financial Services
Drive Financial loans are designed with people who have no credit or poor credit in mind. They offer simple interest loans, giving you a measure of control over how quickly your loan is paid off. With a simple interest loan, you will accrue a set amount of interest per day. Your payment will be applied to the interest first, then the principal. If you make your payment early, more of the payment will be applied to the principal. This helps you pay off the auto loan early.
The poor credit auto loans through Drive Financial can improve your credit score, helping you get a lower interest rate in the future, if you repay the loan responsibly. You must make all of your payments in full and on time. If you do, your credit score may jump by 50 points or more over the life of one loan. If you do not, you may have difficulty getting another car loan.
History and Current Direction
Drive Financial was founded on the principal of offering sub-prime auto loans to deserving consumers. In 2006, Drive was purchased by Grupo Santander and continues to offer the same level of service to customers across the U.S.
If you are interested in working with Drive Financial, you can call 1-888-222-4227 or by sending an email to OOPOFFICE@santanderconsumerusa.com. If you would prefer to contact them by traditional mail, you can do so at:
Santander Consumer USA Inc.
P.O. Box 961245
Fort Worth, TX 76161-1245