Financial Wellness

How to trade in a car with negative equity

How to trade in a car with negative equity

When you owe more than your vehicle is worth, also known as a negative equity position, but still intend to trade in, then planning your next steps will help you to get the most out of the deal.* Learn how…

Prioritizing bills and asking for help

Prioritizing bills and asking for help

Keeping up with payments is an essential part of managing your money, but it isn’t always easy. A change in circumstances, such as with a job, the arrival of medical bills or a rise in the cost of living, may…

6 tips to get out of an upside-down car loan

6 tips to get out of an upside-down car loan

Upside down. It’s a position you usually want to avoid unless you’re a gymnast or a daredevil, but we aim to give you six ways to help you keep from going upside-down in your next vehicle purchase. Negative equity, or…

6 ways to improve your credit score before buying a car

6 ways to improve your credit score before buying a car

If you’re relying on a loan to buy your next vehicle, you may want to improve your credit score before you start shopping. Credit score is normally a leading factor for lenders weighing your application, and if approved, it will…

How much does owning a car really cost?

How much does owning a car really cost?

Does this sound familiar? Your tires are getting worn, so you get all new tires for your vehicle. Shortly thereafter, your brakes start squealing, so you replace those as well. And then, you open the bill for your insurance for…

How car repossession works

How car repossession works

Whether to get to work, school or the grocery store, the automobile is a necessity for most of us, and so too is the financing that helps pay for it. The road to vehicle ownership isn’t always straight, however, and events like…

5 important steps to financial literacy

5 important steps to financial literacy

April is National Financial Literacy Month. It’s a reminder for us all to take a moment and focus on goals for the year ahead. Maybe you’d like to save up for a family vacation or a new car? Taking a…

How does a simple interest contract work?

How does a simple interest contract work?

At Drive, we care about car shoppers’ broader financial journeys and want them to be informed so they can make the best decisions for their budget. “What is simple interest” is a common question, and despite being called “simple” interest,…

How to set up a monthly budget to finance a vehicle

How to set up a monthly budget to finance a vehicle

Many people don’t know their spending limits, which can lead to financial trouble. Things like late or missed payments may be avoidable simply by setting up a monthly budget. Knowing how much vehicle you can afford before shopping can help…