How to Make Payments for Your DriveTime Car Loan

Purchasing a used car through DriveTime includes getting financing from them as well As part of your auto loan, you’ll need to make regular payments to DriveTime Learning how their payment process works is key to staying current on your loan.

This article provides an overview of making payments to DriveTime for your auto financing loan. We’ll cover

• Payment options
• Payment deadlines
• Late and returned payment fees
• Payment history
• Auto pay and reminders
• Additional payment tips

Whether you just got a DriveTime loan or have had one for a while, use this as your guide on handling payments smoothly.

Overview of DriveTime Payment Options

DriveTime offers several ways for you to pay your auto loan each month. This flexibility allows you to choose the payment method that works best for your needs.

Here are the main options for making DriveTime payments:

• Online – Pay through DriveTime’s website using a checking account, credit card, or debit card.

• Phone – Call DriveTime’s automated payment line at 1-877-961-0011 and pay with a card or checking account.

• Mail – Send a money order or check to DriveTime’s payment processing P.O. box.

• In Person – Visit a DriveTime dealership and make a payment in cash, check, or debit/credit card.

• Auto Pay – Set up recurring monthly payments from a checking account.

Online, phone, and mail payments are all processed quickly, usually within 1-2 business days. In-person payments post instantly.

DriveTime Payment Due Dates

DriveTime has monthly due dates for auto loan payments. It’s important to pay your bill by the due date each month to avoid late fees.

Here are some key facts on DriveTime payment due dates:

• Due date is shown on your monthly billing statement.

• Payments are due on the same date each month.

• Monthly payments are due every 30 days.

• Weekends and holidays do not affect the due date.

• Payments can be made up to 5 days before the due date.

• Payments made after the due date incur a late fee.

To avoid issues, mark your monthly due date on your calendar when you get your first statement. Setting a recurring reminder can also help prevent missed payments.

Fees for Late and Returned Payments

If your DriveTime payment is late or your payment check bounces, you will be responsible for additional fees. Being aware of these fees helps you avoid unnecessary charges.

Here is an overview of DriveTime’s main fees:

• Late Payment Fee – A fee of $25 is charged for payments made more than 10 days past the due date.

• Returned Payment Fee – A fee of $25 will apply if your payment check cannot be processed due to non-sufficient funds or being written incorrectly.

• Repossession Fee – If your vehicle is repossessed due to non-payment, a $400 repossession fee will be charged.

To avoid fees, carefully review payment due dates and ensure your checking account has enough funds when payments will be withdrawn. Contact DriveTime immediately if you anticipate payment issues.

Checking Your DriveTime Payment History

DriveTime gives you different ways to check your payment history and confirm payments you’ve made:

• Online Account – Log in to your DriveTime online account to see your payment history with amounts and dates.

• Account Statements – Review monthly statements mailed to you for your payment breakdown.

• Call Support – Contact DriveTime’s customer service department to ask questions about your payment history.

• Receipts – Keep receipts or confirmation numbers when you make payments for your records.

Routinely checking your payment history allows you to quickly catch any errors and ensure payments are being applied correctly to your account.

Auto Pay and Reminders from DriveTime

DriveTime offers a few features to help make paying your auto loan on time easier:

• Auto Pay – Sign up to have payments automatically withdrawn monthly from a bank account of your choosing.

• Reminders – DriveTime can send you payment reminders by email, phone, or text as your due date approaches.

• Online Account – Your account dashboard shows upcoming due dates and amounts due.

Using auto pay and reminders is an easy way to stay on track with payments. DriveTime’s online account also makes your payment status readily available.

Tips for Making DriveTime Payments

Follow these tips when making monthly payments to DriveTime:

• Make payments 5 days before the due date to ensure on-time processing.

• When paying by mail, allow 7-10 days for check delivery and processing.

• If mailing a payment, include your full account number to ensure proper application.

• Save confirmation numbers when making online, phone, or in-person payments.

• Contact support right away if your financial situation changes and affects payment ability.

• Review account statements promptly to catch any discrepancies with your payment history.

• Set payment reminders on your phone calendar to avoid forgetting due dates.

Proactively managing DriveTime payments by utilizing reminders, keeping payment records, and reviewing statements will set you up for success.

What to Do If You Can’t Make a Payment

If you find yourself unable to make a DriveTime payment one month, take action quickly:

• Contact DriveTime – Call customer service as soon as possible and explain the situation. They may waive the late fee if notified ahead of time.

• Discuss Options – DriveTime may be able to offer payment plan options depending on your circumstances.

• Avoid Ignoring the Issue – Communicate with DriveTime each month if you remain unable to make payments based on financial hardship.

• Keep Trying – Continue making at least partial or intermittent payments, even if full payments aren’t feasible. This shows good faith.

The worst thing you can do is avoid contacting DriveTime altogether if you miss payments. Transparency about your situation gives you the best shot at working out alternative arrangements.

Making consistent monthly payments is essential when financing a used car through DriveTime. By understanding their payment requirements, due dates, fees, and policies you can avoid issues.

DriveTime offers flexibility by allowing you to pay online, by phone, in person, or by mail. You also have account management tools to track payments and get reminders.

Setting reminders for payment due dates, signing up for autopay, and staying in contact with DriveTime if payment problems occur will lead to a smooth auto financing experience. Taking a proactive approach with payments will keep your account in good standing.