DriveNowLoans.com Credit Program Overview
Since 2006, Drive Now has worked closely with the Mike Anderson Auto Group in northern Indiana, providing lending solutions to customers that otherwise have had few opportunities for traditional auto loans or would have had to rely upon Here Pay Here dealers.
Drive Now attempts to stand apart from many of the Buy Here Pay Here dealers in many ways, but some of the key elements of using Drive Now for your next auto loan would be:
- Monthly Reporting to Credit Bureaus
- Payment frequency to fit your lifestyle
- Multiple payment options
- Multiple lending programs
Check out some of our Frequently Asked Questions here:
Do I have to purchase from one of your affiliated dealers?
Yes, at this time, we are currently only offering our financing programs thru one of our affiliated dealerships. But the auto group that we work with has 9 locations in northern Indiana, so there should be one near you.
I want to build or rebuild my credit. Do you report to the credit bureaus?
Yes, we report monthly to both TransUnion and Equifax, so as long as you keep positive payment history those payments will be reflected in your credit file.
Do you have a 1st Time Buyer program?
Yes, and many times we can assist a first time buyer without the need for a co-signer. Our approvals are based upon many factors other than your credit history – we also consider residence and job time as well as disposable income.
I've had a bankruptcy or repossession in the past. Can you assist me?
Yes, we have lending solutions in place to help those with a prior bankruptcy or repossession. We understand bad things do happen to good people and therefore we aim to help you rebuild or build the credit you need.
Will my vehicle be covered under any warranty or extended service agreement?
Most vehicles sold thru our affiliated dealers will qualify for an Extended Service Contract, and you will be offered the opportunity to purchase one at delivery. In addition, many of the vehicles offered for sale at our affiliated stores still have remaining factory warranty protection. Please ask your dealer for more information on all the options available.