TEMPE, Ariz., April 5, 2016 /PRNewswire/ -- DriveTime, the nation's largest used car dealer and financing company passionate about helping people with credit issues find and finance vehicles, today announced the official launch of Bridgecrest Acceptance Company. The new company will be a licensed third-party servicer, servicing loans for DriveTime and other affiliated finance companies.
"We are committed to fostering innovation and developing new business models to best serve our customers," said Greg Sax, Vice President of DriveTime. "The company's formation marks the next phase in DriveTime's evolution as a company that couples a stellar dealership experience with an integrated finance company."
In addition to managing DriveTime's existing lending portfolio, Bridgecrest Acceptance Company will also be fully compliant with FDCPA and able to service loans for DriveTime-affiliated finance companies.
All retroactive and new loans that were previously serviced by DriveTime Acceptance Corporation will now be serviced by Bridgecrest Acceptance Company. While this transition will virtually be seamless for the over 220,000 customers currently being serviced by DriveTime, the formation of Bridgecrest allows the ability to be hyper focused on providing a world-class customer service experience to DriveTime's customers throughout their entire loan term. All credit scoring, risk decision analytics, and verifications will remain the responsibility of DriveTime.
Bridgecrest expects to hire a minimum of 20 people each month in both Mesa, Arizona and Dallas, Texas through the end of the year to fulfill their growing loan servicing needs.
For more information on Bridgecrest Acceptance Company, please visit bridgecrest.com.
DriveTime is the nation's largest automotive dealer helping people with credit issues purchase or lease a great vehicle. Headquartered in Tempe, Arizona, DriveTime operates 138 dealerships in 26 states and serves over 120,000 customers each year. For more information, visit www.drivetime.com or tweet @DriveTime.
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