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DRIVEWAY FINANCE CORPORATION

Company Details

Name: DRIVEWAY FINANCE CORPORATION
Jurisdiction: New York
Legal type: FOREIGN BUSINESS CORPORATION
Status: Active
Date of registration: 21 Aug 2014 (11 years ago)
Entity Number: 4624918
ZIP code: 97301
County: New York
Place of Formation: Oregon
Address: 780 Commercial St SE Suite 100, SALEM, OR, United States, 97301
Principal Address: 326 N BARTLETT ST, MEDFORD, OR, United States, 97501

Chief Executive Officer

Name Role Address
CHUCK LIETZ Chief Executive Officer 326 N BARTLETT ST, MEDFORD, OR, United States, 97501

DOS Process Agent

Name Role Address
NATIONAL REGISTERED AGENTS, INC. DOS Process Agent 780 Commercial St SE Suite 100, SALEM, OR, United States, 97301

History

Start date End date Type Value
2024-09-19 2024-09-19 Address 326 N BARTLETT ST, MEDFORD, OR, 97501, USA (Type of address: Chief Executive Officer)
2020-08-04 2024-09-19 Address 326 N BARTLETT ST, MEDFORD, OR, 97501, USA (Type of address: Chief Executive Officer)
2019-01-28 2024-09-19 Address 28 LIBERTY ST., NEW YORK, NY, 10005, USA (Type of address: Service of Process)
2017-07-28 2020-08-04 Address 326 N BARTLETT ST, MEDFORD, OR, 97501, USA (Type of address: Chief Executive Officer)
2014-08-21 2019-01-28 Address 111 EIGHTH AVENUE, NEW YORK, NY, 10011, USA (Type of address: Service of Process)

Filings

Filing Number Date Filed Type Effective Date
240919002053 2024-09-19 BIENNIAL STATEMENT 2024-09-19
220802003546 2022-08-02 BIENNIAL STATEMENT 2022-08-01
210310000293 2021-03-10 CERTIFICATE OF AMENDMENT 2021-03-10
200804061288 2020-08-04 BIENNIAL STATEMENT 2020-08-01
SR-105344 2019-01-28 CERTIFICATE OF CHANGE (BY AGENT) 2019-01-28
180802006430 2018-08-02 BIENNIAL STATEMENT 2018-08-01
170728006132 2017-07-28 BIENNIAL STATEMENT 2016-08-01
140821000039 2014-08-21 APPLICATION OF AUTHORITY 2014-08-21

CFPB Complaint

Complaint Id Date Received Issue Product
7522634 2023-09-08 Managing the loan or lease Vehicle loan or lease
Issue Managing the loan or lease
Timely Yes
Company Driveway Finance Corporation
Product Vehicle loan or lease
Sub Issue Billing problem
Sub Product Loan
Date Received 2023-09-08
Submitted Via Web
Company Response Closed with explanation
Consumer Disputed N/A
Date Sent To Company 2023-09-08
Complaint What Happened * Driveway Finance Corporation under Lithia Motors will not provide me with a receipt of all payments that is legible so my numbers are approximate, but are correct as was confirmed by one of their own representatives on my third call to them about this issue. Driveway Finance Corporation ( DFC ) has currently stolen {$500.00} dollars from me by refusing to properly allocate my payment of {$830.00} on XXXX XXXX to the principal as is my right by law in New York state. Before the payment on XXXX XXXX my principal was approximately {$7800.00}. When paying more than the amount online, the balance is automatically applied towards a reduction of the next upcoming bills. I called DFC on XX/XX/XXXX and asked for my payment to be applied in full towards my principal, as I have done many times before. I called back on Tuesday XX/XX/XXXX when I saw that nothing on my account had changed and the payment was still being used to lower my principal by {$330.00}, pay off the XX/XX/XXXX payment ( of {$330.00} ) and partiall reduce the XX/XX/XXXX payment to around {$140.00}. So instead of {$830.00} being directly applied to my principal, {$330.00} dollars was applied to my principal and the remaining {$500.00} was applied to the upcoming payments leaving me with a principal balance of {$7400.00}. I was fraudulently told my a service rep on XX/XX/XXXX that this was normal and how the process had always worked, but that they would make sure the money was no longer applied towards my upcoming payments and put towards my principal. I asked to be sent a complete receipt of payment with the new principal amount after each payment. They sent me a pdf of an XXXX file that had unexpanded columns, rendering the whole file illegible. The next day, on XXXX XXXX I called back again after seeing no change in my account and spoke with one of the same reps and was confirmed that something in the system was wrong and this would be escalated. I was put on hold and then hung up on. I called back an hour later and was told by another rep that this was all correct and the way the system was supposed to work and that even if they made sure the money was not applied towards my upcoming payments the amount of my principal would not change. He would not do the math when I asked him to. As of XXXX XXXX I have checked my account to find that they fraudulently stole the money applied to my upcoming payments ( {$500.00} ) without applying that money towards my principal. So my principal currently stands at {$7400.00} and I also have an upcoming payment for a full XXXX on XX/XX/XXXX. They have not lowered my principal and have been charging me interest on the {$7400.00} principal instead of the {$6900.00} principal that it is supposed to be. They have stolen {$500.00} from me and are charging me interest on a higher principal as well.
Consumer Consent Provided Consent provided
6375516 2022-12-29 Getting a loan or lease Vehicle loan or lease
Issue Getting a loan or lease
Timely Yes
Company Driveway Finance Corporation
Product Vehicle loan or lease
Sub Issue Problem with additional add-on products or services purchased with the loan
Sub Product Loan
Date Received 2022-12-29
Submitted Via Web
Company Response Closed with explanation
Consumer Disputed N/A
Date Sent To Company 2022-12-29
Consumer Consent Provided Consent not provided
7451417 2023-08-24 Problems at the end of the loan or lease Vehicle loan or lease
Issue Problems at the end of the loan or lease
Timely Yes
Company Driveway Finance Corporation
Product Vehicle loan or lease
Sub Issue Unable to receive car title or other problem after the loan is paid off
Sub Product Loan
Date Received 2023-08-24
Submitted Via Web
Company Response Closed with explanation
Consumer Disputed N/A
Date Sent To Company 2023-08-24
Complaint What Happened Car loan was paid off on XX/XX/2023 and i have yet to receive a XXXX release letter from the company by which in accordance with Section XXXX of the New York Vehicle and Traffic Law specifically states : Upon the satisfaction of a security interest in a vehicle the XXXX holder shall immediately upon clearance of payment execute a release of his security interest in a manner prescribed by the commissioner and mail or deliver the release to the owner To avoid being subject to action by the Department, all regulated financial institutions financing motor vehicles sales shall release liens and deliver the XXXX release no later than XXXX business days after clearance of payment. Also i am owed a refund for overpayment but i keep being told it can take XXXX weeks which makes no sense as the agents i spoke with kept saying its backed up? What's backed up? Printing checks?
Consumer Consent Provided Consent provided
6735958 2023-03-23 Improper use of your report Credit reporting, credit repair services, or other personal consumer reports
Issue Improper use of your report
Timely Yes
Company Driveway Finance Corporation
Product Credit reporting, credit repair services, or other personal consumer reports
Sub Issue Credit inquiries on your report that you don't recognize
Sub Product Credit reporting
Date Received 2023-03-23
Submitted Via Web
Company Response Closed with explanation
Consumer Disputed N/A
Date Sent To Company 2023-04-20
Consumer Consent Provided Consent not provided
9716769 2024-08-05 Incorrect information on your report Credit reporting or other personal consumer reports
Issue Incorrect information on your report
Timely No
Company Driveway Finance Corporation
Product Credit reporting or other personal consumer reports
Sub Issue Account information incorrect
Sub Product Credit reporting
Date Received 2024-08-05
Submitted Via Web
Company Response Closed with explanation
Consumer Disputed N/A
Date Sent To Company 2024-08-05
Consumer Consent Provided Consent not provided
12127532 2025-02-18 Managing the loan or lease Vehicle loan or lease
Issue Managing the loan or lease
Timely Yes
Company Driveway Finance Corporation
Product Vehicle loan or lease
Sub Issue Billing problem
Sub Product Loan
Date Received 2025-02-18
Submitted Via Web
Company Response Closed with explanation
Consumer Disputed N/A
Date Sent To Company 2025-02-18

Date of last update: 25 Mar 2025

Sources: New York Secretary of State