My Husband and I recently purchaced a vehicle from Drive Time.. its a 2002 Jeep Liberty. 2wd... 105K miles. Now, we have a set of twins who were 6mo at the time, and a 5yr old. We were out of town (no drive time in our area) and we had 2200 to put as a down payment on whatever it was we were going to get. There was A LOT of waiting around, so our kids were SUPER restless.
**my husband is a mechanic, and has been for...13+ years**
After showing us 3 vehicles that still needed a lot of work (tires were bald, oil leaks from the head, or different areas, and one had coolant IN the oil... which means the motor is ***) they brought out the liberty...
It was clean, tires were in good shape, and under the hood was dry. They never told us what the price of the vehicle was, only that we were going to need an EXTRA 1475 for the down payment. OK.... so we write them the check.
The little guy that was helping us, goes into the managers office, says hes writing up all the paper work, and it takes about 45 more minutes. By this time we've been there going on 4 hours. Our kids are hungry, annoyed, tired, and restless. They rush us into a room, where only after we have given them our money for the DP, and watch the "Drive time video" are we told that after everything is paid, we'll have paid them 22k for the vehicle and we've financed it for 14K.
This liberty has NO bells or whistles.. its the bottom of the line, doesnt have a wheel cover on the back, doesnt have cruise control, doesnt have a sun/moon roof, nothing like that... and we're paying them 14k?? seriously? NOT TO MENTION, we asked several times what the payment dates would be, and she said "that parts coming up" we signed papers, kept asking what the payments were, and at the very end, find out that the payments will be every other saturday, and if we MISS one payemnt, they send someone to get our car.
I know I asked at LEAST 3 times how much the vehicle was going to be worth, and the little guy helping us would tell me "my manager will go over all of that with you" and my husband said that he asked the manager a few times as well what the actual price for the car will be,.. and she would tell him "we'll go over that in the paper work" so...
needless to say, Drive Time bent us over, and gave it to us hard. I kelly Blue Booked the car with the VIN number, and its worth IN EXCELLENT condition, is 7699.00... My suggestion, you have a repo on your credit?? go to a bank, and see what their intrest rates will be... DO NO DO DRIVE TIME!!!!