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. Approximately 8 percent of cars bought at auction do not pass the inspection process and are not sold through its dealerships. The company is owned by its chairman, Ernest Garcia II, who bought the company then known as Ugly Duckling in 1991, and Ray Fidel, who is its former president and CEO. The company has approximately 138 locations in the U.S. and , employs more than 3,800 workers. In addition to its headquarters in Tempe, the company has an operations call center in Mesa, Arizona and a collection center in Dallas, Texas. It also encourages employees to create startup companies. Sister companies spun off from the company include GO Financial, Carvana and SilverRock Group. DriveTime ranked 3,793 on the Inc. 5000 list of fastest growing companies after posting $2 billion in revenue and adding 1,192 jobs in 2014. DriveTime ranked No. 15 on Computerworld's 100 Best Places to Work in IT list in 2015. History Ugly Duckling DriveTime originated as a Tucson, Arizona–based rent-a-car business called Ugly Duckling, which was founded in 1977. Thomas S. Duck, Sr., retired from selling insurance, started Ugly Duckling Rent-A-Car Corp. in 1977. By 1985, with the car rental business a major success and companies such as Budget Rent a Car doing well, Duck's company was the number five rental car company in the United States, with 600 franchises. Ultimately, Ugly Duckling filed for bankruptcy in 1989; Ernest Garcia II, who studied business at The University of Arizona in Tucson, and a convicted felon for his