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[IN] Indiana - (1)
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[MI] Michigan - (3)
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[NE] Nebraska - (1)
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[OH] Ohio - (4)
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5550 Britton Pkwy, Hilliard, OH, 43026, USA


Up2Drive Overview

Up2Drive offers direct installment loans for financing or refinancing the purchase of motor vehicles. The company is a division of BMW Bank of North America, which is a subsidiary of BMW Financial Services NA, LLC. The Corporation was founded in 1993 to provide leasing, wholesale and retail financing services to BMW customers. BMW Financial Services NA, LLC has over $24 billion in assets and an A rating from the BBB.

How Do Up2Drive’s Auto Loans Work?

Up2drive offers three types of loans: new car financing, used car financing and auto refinancing. To be eligible for a new car loan, the purchase must be made at a franchised dealership and mileage cannot exceed 6,000 miles. To be eligible for a used car loan, the purchase must be made at a franchised dealership or an approved independent dealer; mileage cannot exceed 100,000 miles, and the vehicle cannot be older than seven years. up2Drive auto loans will not cover motorcycles, commercial vehicles or recreational vehicles.

What Are the Rates for Up2Drive’s Auto Loans?

Up2Drive rates depend on many factors including a customer’s creditworthiness, the loan term, the loan amount and the type of vehicle.

- For a loan with a term of 36 months, rates start at 3.19% APR.

- For a loan with a term of 60 months, rates start at 3.39% APR.

- For a loan with a term of 72 months, rates start at 3.69% APR.

The starting APRs assume excellent credit history and reflect enrollment in the company's EasyPay feature, which automatically deducts your monthly payment from a linked bank account. If you do not enroll in EasyPay, you will be subject to an APR that’s .50% higher than it would otherwise be.

How Much Money Can I Borrow for Up2Drive Auto Loans?

Up2Drive offers auto loans ranging from $7,500 to $50,000. For a new car, the loan-to-value ratio cannot be greater than 110% of the manufacturer's suggested retail price. For a used car, the loan-to-value ratio cannot be higher than 110% of the Kelley Blue Book retail value.

What Is Up2Drive’s Application Process Like?

With Up2Drive, you can apply online using the company's secure website. When submitting your application, you’ll be required to provide personal contact information in addition to detailing your monthly income. If approved, you'll receive a drive check, which can be used like a personal check for purchasing or refinancing your vehicle.

How Are Up2Drive’s Auto Loans Better than Other Auto Loans?

- Up2Drive offers low rates.

- Once you’re approved, Up2Drive will give you a drive check, which can be used as a personal check to pay for a car at a franchised dealership.

- Franchised dealerships are located throughout the country.

- The parent company BMW Financial Services NA, LLC has an A rating from the BBB.

Credit Bureau Reporting
Loan Amount$7K - $50K
Payment Options:
Automatic Payments
Check by mail
APR:Starting at 3.19%
Min APR:
Max Loan Term (Months)72
Checking Account Required?
Lend To Military?
Immigration Status Considered:U.S. Permanent Resident
Minimum Age:18
Verification Documents Required:
Recent bank statements
Recent pay stubs
Driver license (or other photo ID)
Proof of citizenship/residence
Customizable Payment Dates
Joint Loans Available
No Origination Fee
Pre-Approved Soft Credit Inquiry
Approval Speed (Hours)
Deferred Payments
No Late Fees
No Prepayment Fee
1-7 days
Same Day
2-4 weeks
Application Fee
Lease Purchase
Institution TypeDirect Lender
New Loan
Used Car Loan is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...


By  Anonymous

November 06, 2017

Up2drive refinanced my loan quickly and saved me 3% interest. It was easy, fast and they were very attentive to my needs. I had 8 months of payment history as a good payer and was approved in less than 24 Hours.


July 20, 2017

Got an email saying the loan is denied. Well, it was the first time in my life Id heard of your company, never apply any loan. I always use my credit union and ALWAYS get approve.


September 08, 2016

I GOT TURNED DOWN FOR AN AUTO LOAN THAT I DIDN'T EVEN APPLY FOR!!!! Now there's a resultant ding on my credit bureau report. I will have to waste time getting it off. I called them, but they insist that they can't do anything to help. As others have said, these people are nothing but SCAMMERS! I gave 1 star because it is not possible to give them a ZERO


May 09, 2015

I loved working with the staff at Up2Drive. They were all very knowledgeable about the loan products and super friendly to my husband and I. It was one of the best auto loan experiences I've ever had, and I've had quite a few. I really couldn't be happier and recommend them to everyone.


April 21, 2015

How often can you state that getting a car loan is smooth and painless? Not that often. But if you go with up2drive, it definitely will be. All the people I spoke with there are really friendly and helped me along the way. No lengthy process here. Just a straightforward auto loan.


April 07, 2015

The communication up2drive has with its customers is excellent! I applied and was contacted right away, then kept in contact with my loan rep the entire time. I was actually waiting on my bank to process my loan, but dropped them when up2drive responded and gave me a better rate. I'd definitely use them again in the future.


March 26, 2015

If Up 2 Drive was open on the weekends, they would be a 5 star company. They were the quickest, easiest car loan I have ever gotten. I did have a few questions that had to wait until Monday morning, but it wasn't the worst waiting. It would be a lot more convenient, though, But, they are a wonderful company and got me the lowest rate out there.


February 24, 2015

I've had issues with financing companies changing the rates last minute, but Up2Drive did not. The quote I got on day one was the interest rate I got on my final loan. I also couldn't be happier with their customer service. Every person was very polite, and really put me at ease even though I was originally hesitant to use this lender.


January 03, 2015

My husband and I couldn't be more pleased with up2drive. Getting approved was so easy and happened almost instantaneously. My only piece of advice would be to read over everything you have to sign. We were satisfied by the agreements, but that's always important to do. We recommend them.


January 01, 2015

I am very happy with up2drive! The process of getting the loan was so simple. They sent me the packets for both new and used when I requested them, because I wasn't sure what I'd be getting. They have great customer service and answered all my questions. I'm very happy and would use them again in a heartbeat.


December 18, 2013

Up2drive is extremely disorganized! They literally called me a full week after I got my car and told me I needed to submit more documents to prove my income. Umm.. didn't I do that a month earlier? Nevertheless, I would not recommend Up2drive, just because they make stupid mistakes like this.


April 22, 2013

I couldn't be happier with Up2Drive! I got a very low APR even when other lenders gave me much higher numbers. It was all so simple to do. I applied and got funded soon after. The dealership accepted the check and now I have a great, reliable vehicle. I highly recommend Up2Drive!!

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