DriveTime Automotive Group Opens Third St. Louis Location

DriveTime, the nation’s largest used car dealer and financing company helping people with credit issues find and finance vehicles, opened its third St. Louis, MO location on February 19, 2015 at 7952 Veterans Memorial Pkwy, St. Peters, MO 63376. Recognizing a need in the community, DriveTime is bringing a unique approach to used car buying, leasing and financing to the St. Charles community along with up to 10 jobs. Roughly 56% of people in the United States have a credit score that classifies as subprime and approximately 1 in 5 St. Charles residents has a subprime credit score. This makes buying or leasing a car more difficult, and in some cases, impossible. In addition to sales and financing options, DriveTime offers the Cancel Anytime Lease which allows vehicle return without penalties or negative marks on your credit report should personal financial problems arise, or if you simply want a different vehicle.

The new dealership is the used car company’s fourth location in Missouri. The company has also established an inspection center where incoming vehicles are rigorously tested prior to being placed on the DriveTime lot with an eye towards both safety and reliability.

DriveTime’s salaried and college educated sales advisors match customers with the vehicle and financing option that best fits their individual situation and will be a welcome addition to the community.

Fifty-six percent of people in the United States have a subprime credit score, while 35% have non-mortgage debt in collection. Meanwhile, $27 billion of the $55 billion spent in the automotive finance space comes from the lowest ranges of the market. Approximately 45,000 residents of the St. Charles community between the ages of 18 and 49 has less than perfect credit, making it difficult for them to obtain reliable transportation.

When people face credit issues, access to necessities as simple as transportation becomes a challenge. It doesn’t have to be. DriveTime is not your father’s used car dealer. The company provides used cars and financing to everyone, including those with bad or no credit in a pleasant, respectful and transparent environment.