Financial Wellness

6 ways to improve your credit score before buying a car
September 22, 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 10, 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 19, 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 17, 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…

5 important steps to financial literacy
March 30, 2023

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 to set up a monthly budget to finance a vehicle
January 10, 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…

How does a simple interest contract work?
January 4, 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 car payments can help your credit score
August 20, 2022

How car payments can help your credit score

Getting financing for a vehicle can open up all kinds of opportunities. Besides the chance to go places with your new wheels – so awesome! – you may also be able to improve your credit score which can be a…

Why paying on time is important
August 19, 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…

5 reasons to get pre-qualified for auto financing
August 19, 2022

5 reasons to get pre-qualified for auto financing

Buying a car is super exciting but you may not know what you can afford or how to find your dream vehicle. A step that can help to take away those doubts is pre-qualification. Getting pre-qualified for financing gives you…