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Drivetime
DriveTime Automotive Group Inc. is an American used car retailer and finance company. It is based in Tempe, Arizona, and sells and finances cars to customers around the nation. The company was formerly known as Ugly Duckling and was renamed DriveTime in 2002. It also spun off Carvana and GO Financial, SilverRock Group Inc, and Bridgecrest Acceptance Corporation. , DriveTime had approximately 145 locations in the U.S. and 3,800 employees. Operations DriveTime is a private company headquartered in Tempe, Arizona. The company's business model is focused on selling previously owned vehicles to car-buyers. It uses a proprietary credit scoring model to finance car purchases at its dealerships in-house, including subprime lending. DriveTime buys 150,000 cars annually at various auctions. After auction, the company puts the purchased cars through a 14-day inspection at one of its 24 inspection centers. It makes necessary repairs before sending the vehicles to its dealerships. Approx ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mesa, Arizona
Mesa ( ) is a city in Maricopa County, Arizona, United States. The population was 504,258 at the 2020 census. It is the List of municipalities in Arizona, third-most populous city in Arizona, after Phoenix, Arizona, Phoenix and Tucson, Arizona, Tucson, the List of United States cities by population, 37th-most populous city in the U.S., and the most populous city that is not a county seat (except for independent cities Washington, D.C. and Baltimore which are not part of any county). It is the most populous city in the East Valley (Phoenix metropolitan area), East Valley of the Phoenix metropolitan area. It borders Tempe, Arizona, Tempe on the west, the Salt River Pima–Maricopa Indian Community on the north, Chandler, Arizona, Chandler and Gilbert, Arizona, Gilbert on the south along with Queen Creek, Arizona, Queen Creek, and Apache Junction on the east. At least ten colleges and universities are located in Mesa, as is the Mesa Arizona Temple, one of the first LDS temples constr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Car Dealer
A car, or an automobile, is a motor vehicle with wheels. Most definitions of cars state that they run primarily on roads, seat one to eight people, have four wheels, and mainly transport people rather than cargo. There are around one billion cars in use worldwide. The French inventor Nicolas-Joseph Cugnot built the first steam-powered road vehicle in 1769, while the Swiss inventor François Isaac de Rivaz designed and constructed the first internal combustion-powered automobile in 1808. The modern car—a practical, marketable automobile for everyday use—was invented in 1886, when the German inventor Carl Benz patented his Benz Patent-Motorwagen. Commercial cars became widely available during the 20th century. The 1901 Oldsmobile Curved Dash and the 1908 Ford Model T, both American cars, are widely considered the first mass-produced and mass-affordable cars, respectively. Cars were rapidly adopted in the US, where they replaced horse-drawn carriages. In Europe and ot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lincoln Savings And Loan Association
The Lincoln Savings and Loan Association of Irvine, California, was the financial institution at the heart of the Keating Five scandal during the 1980s savings and loan crisis. History Lincoln Savings and Loan Association was founded in Los Angeles as a California chartered savings & loan in 1925. Through the early 1980s, Lincoln was a conservatively-run enterprise, with almost half its assets in home loans and only a quarter of its assets considered at risk. It had slow growth at best, and had shown a loss for several years until it made a profit of a few million dollars in 1983. Lincoln then became headed by Charles Keating, who as chairman of a housing construction company, American Continental Corporation, purchased Lincoln in February 1984 for $51 million. Keating fired the existing management. Over the next four years, Lincoln's assets increased from $1.1 billion to $5.5 billion. Such savings and loan associations had been deregulated in the early 1980s, allowing th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Straw Borrower
A straw borrower is a United States term for an individual whose name, social security number, and credit history are used to hide the identity of the organizers of a for-profit mortgage fraud scheme. Straw buyers are also used in order to obtain a residential mortgage for a person who would not qualify for the loan, frequently a family member or friend. In for profit schemes, the straw buyer is usually compensated by the organizer for the use of his financial identity. While the straw borrower may have been lured into the transaction with the promise that he would not be liable for the mortgage payments, the straw is legally bound once the mortgage is obtained and will be responsible for making the payments. If the mortgage goes into default or is foreclosed, it will be reported under the straw borrower's name and his credit will be ruined. Misrepresentation of identity on a federally related mortgage transaction is a criminal offense punishable by up to 30 years imprisonment. S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The University Of Arizona
The University of Arizona (Arizona, U of A, UArizona, or UA) is a public land-grant research university in Tucson, Arizona, United States. Founded in 1885 by the 13th Arizona Territorial Legislature, it was the first university established in the Arizona Territory. The University of Arizona is one of three universities governed by the Arizona Board of Regents (the University of Arizona, Arizona State University, and Northern Arizona University). , the university enrolled 53,187 students in 22 separate colleges/schools, including the Eller College of Management, the Wyant College of Optical Sciences, the College of Medicine – Phoenix, the College of Medicine – Tucson, and the James E. Rogers College of Law. The university is classified among "R1: Doctoral Universities – Very high research activity". UA also is a member of the Association of American Universities. The University of Arizona is affiliated with two academic medical centers, Banner – University Medical Ce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Franchising
Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses some or all of its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee. In return, the franchisee pays certain fees and agrees to comply with certain obligations, typically set out in a franchise agreement. The word ''franchise'' is of Anglo-French derivation—from , meaning 'free'—and is used both as a noun and as a (transitive) verb. For the franchisor, use of a franchise system is an alternative business growth strategy, compared to expansion through corporate owned outlets or "chain stores". Adopting a franchise system business growth strategy for the sale and distribution of goods and services minimizes the franchisor's capital investment and liability risk. Franchising is rarely an equal partnership, especially in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Budget Rent A Car
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey. History With its original fleet of 10 cars, the company lived up to the 'Budget' name by undercutting the daily and per mile rental rates of the established airport based car rental companies. Mirkin was joined in 1959 by Julius Lederer and together, they built the company internationally. In 1960, the headquarters moved to Chicago, Illinois and the rental fleet expanded with franchised and wholly owned rental outlets. The company was eventually acquired by Transamerica Corporation, and then sold in 1986 in a leveraged buyout by Gibbons, Green and van Amerongen Ltd., along with management (led by CEO Clifton E. Haley) and selected investors. The company made its first public stock offering in 1987. Team Rental Group purchased the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arizona Daily Star
The ''Arizona Daily Star'' is an American daily newspaper based in Tucson, Arizona, and owned by Lee Enterprises. It serves Tucson and surrounding districts of Southern Arizona in the United States. History 1877–1925 L. C. Hughes was the Arizona Territory governor and founder of the ''Arizona Star'', in 1877. The precursor to the Arizona Daily Star was The Bulletin, the first daily newspaper published in Tucson. It was started March 1, 1877 by L.C. Hughes and Charles Tully, later publishers of The Star. The Bulletin was succeeded by The Arizona Tri-Weekly Star, under the same ownership March 29, 1877. The Arizona Weekly Star was established June 28, 1877. A.E. Fay became co-editor with L.C. Hughes July 5, 1877, and on Aug. 23 of the same year Fay became the sole proprietor. Hughes returned to The Star in January, 1879, first as co-publisher with Fay and a few months later as sole owner. On June 26 of the same year, The Arizona Daily Star was started. The first edition ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Car Rental
A car rental, hire car or car hire agency is a company that rents automobiles for short periods of time to the public, generally ranging from a few hours to a few weeks. It is often organized with numerous local branches (which allow a user to return a vehicle to a different location), and primarily located near airports or busy city areas and often complemented by a website allowing online reservations. Car rental agencies primarily serve people who require a temporary vehicle, for example, those who do not own their own car, travelers who are out of town, or owners of damaged or destroyed vehicles who are awaiting repair or insurance compensation. Car rental agencies may also serve the self- moving industry needs, by renting vans or trucks, and in certain markets, other types of vehicles such as motorcycles or scooters may also be offered. Alongside the basic rental of a vehicle, car rental agencies typically also offer extra products such as insurance, global positionin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tucson, Arizona
Tucson (; ; ) is a city in Pima County, Arizona, United States, and its county seat. It is the second-most populous city in Arizona, behind Phoenix, Arizona, Phoenix, with a population of 542,630 in the 2020 United States census. The Tucson metropolitan statistical area had 1.043 million residents in 2020 and forms part of the Tucson-Nogales combined statistical area. Tucson and Phoenix anchor the Arizona Sun Corridor. The city is southeast of Phoenix and north of the United States–Mexico border It is home to the University of Arizona. Major incorporated suburbs of Tucson include Oro Valley, Arizona, Oro Valley and Marana, Arizona, Marana northwest of the city, Sahuarita, Arizona, Sahuarita south of the city, and South Tucson, Arizona, South Tucson in an enclave south of downtown. Communities in the vicinity of Tucson (some within or overlapping the city limits) include Casas Adobes, Arizona, Casas Adobes, Catalina Foothills, Arizona, Catalina Foothills, Flowing Wells, A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
