How DriveCash Works
A straightforward path from application to access.
DriveCash makes it simple to understand what happens from the time you apply to the time you access your approved funds. The information considered during the process depends on the credit product you select.
01 — Choose a product
Select the financing option that fits your needs:
- Secured Revolving Line of CreditRevolving credit secured by an eligible vehicle.
02 — Apply
Complete an online application and provide the information needed to evaluate your eligibility.
Depending on the product, this may include information about:
- Your identity
- Income
- Banking activity
- Vehicle ownership and value
- Other information required for underwriting
03 — Verify
DriveCash uses technology to help verify the information relevant to your selected product.
For vehicle-secured products, this may include:
- VIN and vehicle information
- Title and ownership status
- Mileage
- Vehicle condition
- Applicable vehicle value information
- Existing liens or financing
04 — Review & decision
Your application is evaluated using the eligibility and underwriting criteria applicable to the product you selected.
Additional information or verification may be required before a decision is made.
If you're approved, you'll receive the applicable terms of your offer before accepting the credit.
05 — Access your funds
Once your account is approved and activated, eligible funds can be made available through your DriveCash Card.
Depending on your product and account:
- Access your virtual card
- Add your card to supported mobile wallets
- Make eligible purchases
- Access available revolving credit when applicable
Your available credit, fees, repayment requirements, and other terms are governed by your account agreement.
Your Product, Explained
Secured Revolving Line of Credit
Flexible access to revolving credit.
This product is designed for consumers who prefer the flexibility to draw from available credit, repay, and potentially access available credit again, subject to the terms of their account.
Your eligible vehicle serves as collateral, with the available credit amount determined according to applicable underwriting criteria.
Access Your DriveCash Card
One card. Access to your approved credit.
The DriveCash Card provides a convenient way to access or use funds associated with your approved credit product.
Eligible customers may receive:
- Virtual card accessBegin using your card digitally when available.
- Mobile wallet compatibilityUse supported mobile wallets for convenient contactless payments.
- Online purchasingUse your card for eligible purchases wherever accepted.
- Access to available creditFor revolving products, use available credit subject to your account terms and available credit.
A Broader View of Your Financial Profile
DriveCash is designed around a simple idea:
Your financial picture is bigger than one number.
Depending on the product, DriveCash may consider information such as vehicle value, vehicle equity, income, direct-deposit activity, and cash-flow patterns, along with other applicable eligibility criteria.
The result is a financing experience designed around real-world financial information, while maintaining clear terms and responsible underwriting.