DriveTime Raises more than $435,000 for 13 Schools Throughout the Nation

PHOENIX, AZ ? As part of its SchoolTime program, DriveTime, a Phoenix-based used car sales and finance company, raised $438,800 for 13 elementary schools nationwide, by donating more than $100 from each of its 4,004 cars sold in October.

?We are very pleased with the success of October?s fundraising initiative, as we surpassed our goal by almost $90,000,? said Ray Fidel, DriveTime president and CEO. ?At DriveTime, we strive to treat our employees, customers and communities with the utmost respect and compassion. SchoolTime is evidence of this standard, as we have made a long term commitment to employee volunteerism and giving back to the communities in which we live and work.? The October SchoolTime initiative will benefit DriveTime?s schools in each of its regions. The current schools and funds raised are:

• La Luz Elementary  &nbsp Albuquerque, NM  &nbsp $13,000
• Stone Mill Elementary  &nbsp Atlanta  &nbsp $42,300
• Julian T. Saldivar Elementary  &nbsp Dallas  &nbsp $50,200
• Matt Kelly Elementary  &nbsp Las Vegas, NV  &nbsp $14,100
• Howard Elementary  &nbsp Los Angeles(East)  &nbsp $33,000
• Wilmington Park Elementary  &nbsp Los Angeles (West)  &nbsp $39,900
• McCoy Elementary  &nbsp Orlando, FL  &nbsp $35,500
• Lincoln Elementary  &nbsp Phoenix  &nbsp $38,400*
• Rose Linda Elementary  &nbsp Phoenix  &nbsp $38,400*
• Ruffin-Summer Hill Elementary  &nbsp Richmond, VA  &nbsp $25,500
• V.M. Adams Elementary  &nbsp San Antonio  &nbsp $53,300
• Pinnellas Park Elementary  &nbsp Tampa, FL  &nbsp $46,600
• Keeling Elementary  &nbsp Tucson, AZ  &nbsp $8,600

*($38,400 raised by Phoenix dealerships matched dollar-for-dollar by DriveTime headquarters)

In 2004, DriveTime launched its SchoolTime program, under which the company partners with one or more elementary schools in each of its 12 markets. The program emphasizes employee volunteerism and has included support for various school events, ?Homework Helper? and ?Christmas Angel? programs, rehabilitations projects, book donations and food drives.

SchoolTime also has helped pay for new air conditioning units, basketball court repairs and outdoor field lights.

About DriveTime
Headquartered in Phoenix, DriveTime finances and services people with less than perfect credit in eight states and 12 major metropolitan regions through 78 dealerships. As the nation?s largest integrated dealership and finance company, DriveTime is able to provide more flexible and innovative financing options than car dealerships or financial institutions. For more information, visit the company?s Web site at drivetime.com, or call (800) 863-7483.