Financial Wellness

6 tips to get out of an upside-down car loan
October 27, 2023

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
September 29, 2023

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?
August 18, 2023

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…

What is the difference between a hard credit pull and a soft credit pull?
July 21, 2023

What is the difference between a hard credit pull and a soft credit pull?

Have you ever reviewed your emails and wondered where all the “You’re pre-qualified!” messages are coming from? More importantly, pre-qualified for what? And how? Receiving pre-qualifications, whether via email, regular mail or any other way, has become somewhat common. And…

How car repossession works
May 19, 2023

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…

How does a simple interest contract work?
March 6, 2023

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
February 21, 2023

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…

Auto financing for first-time buyers
December 8, 2022

Auto financing for first-time buyers

Hey! You’re buying your first vehicle! Congratulations! This is such an exciting time and we’re excited for you. Along with that excitement, naturally, comes a lot of questions. Relax. It’s perfectly normal to wonder if you’ll be able to get…

Why paying on time is important
December 6, 2022

Why paying on time is important

Paying your bills on time can be a balancing act, for sure, but keeping to those due dates is important for a variety of reasons. If you’re not able to make timely payments on a financial obligation, there can be…

Bad credit auto financing
December 5, 2022

Bad credit auto financing

How to buy a car with bad credit Bad credit. Just the phrase is scary, right? But it’s something that is all too familiar to millions of us. Plus, it can happen in a variety of ways – missed payments,…