|DriveTime Automotive Group, Inc.|
|DriveTime Automotive, formerly known as Ugly Duckling, is a leading used-car dealership chain, primarily targeting low-income customers and those with credit problems. To cater to these subprime customers, the company is a "buy here-pay here" dealer, meaning it finances and services car loans rather than using outside lenders (interest rates range from 13% to 30%). DriveTime operates about 80 dealerships in 18 metropolitan areas in 10 mostly southern and western states. The cars undergo a 53-point inspection and are run through Experian AutoCheck, an auto history database. The company was taken private in 2002 by a group led by chairman Ernest Garcia.|
|Office Address||4020 E. Indian School Rd., |
Phoenix, AZ 85018 USA
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