Interest rates are variable and range based on the value of the Secured Overnight Financing Rate (“SOFR”) and credit worthiness criteria. Credit limits from a minimum of $25,000 up to $250,000 are available to qualified applicants. Standard underwriting guidelines and credit policies apply. Many factors affect credit scores and the interest rates approved applicants may receive. Not all rates and amounts are available in all states. Not all approved applicants will receive the lowest rates available. To qualify for the lowest rates available, borrowers must have a good credit history and satisfy other conditions.
To check the rates and terms you qualify for, Carputty will review your credit history in a way that will not affect your credit score. If you continue the process and submit your application, Carputty will request your full consumer report from one or more consumer reporting agencies. That “hard” credit pull may affect your credit score.
If you apply and are approved for a Carputty Credit Account, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including your credit score and credit history, years of credit experience, income and other factors. Each time you use your Carputty Credit Account we fix the interest rate for the amount advanced based on the value of SOFR at that time.
Available interest rates and credit terms are subject to change at any time at the sole discretion of Carputty without notice. Approved borrowers will sign a credit agreement that describes the actual terms and conditions of the Carputty Credit Account.
You must be 18 years old or otherwise have the ability to legally contract for vehicle financing in your state of residence, and either a U.S. citizen or resident alien (permanent or non-permanent) with proof of status. You must be employed and live in a state where Carputty offers Credit Accounts.
The following types of vehicles are not eligible for financing with an advance from a Carputty credit account:
Vehicle financing provided by Carputty for Carputty customers. Use of this website does not create a credit relationship with Carputty. Credit and vehicle collateral are subject to approval. Terms and conditions apply to financing and vehicle eligibility. Available credit limits, interest rates and other terms may change from time to time at Carputty’s sole discretion.
Carputty works with vehicle sellers across the United States to assist our customers with the financing of their new and eligible used vehicles. Carputty is not affiliated with these sellers and does not require customers to work with any particular vehicle seller (except to require that the vehicle seller into a separate business agreement with Carputty prior to funding, if approved). Carputty makes no warranties or representations with respect to the quality or condition of any vehicle Carputty customers buy and finance using a Carputty credit account.
Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
The types of personal information we collect and share depend on the product or service you have with us. This information can include:
Reasons we can share your personal information
Does Carputty Share?
Can you limit this sharing?
For our everyday business purposes - such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus
YES
NO
For our marketing purposes - to offer our products and services to you
YES
NO
For joint marketing with other financial companies
NO
WE DON'T SHARE
For our affiliates' everyday business purposes - information about your transactions and experiences
NO
WE DON'T SHARE
For our affiliates' everyday business purposes - information about your creditworthiness
NO
WE DON'T SHARE
For our affiliates to market to you
NO
WE DON'T SHARE
For non-affiliates to market to you
NO
WE DON'T SHARE
Chat with a Member Success Agent or email us at help@carputty.com and we will help you through the process.
Please note: If you are a new customer, we can begin sharing your information for 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing
Who is providing this notice?
Carputty Inc.
How does Carputty protect my personal information?
To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.
We collect your personal information, for example, when you
State laws and individual companies may give you additional rights to limit sharing.
Federal law gives you the right to limit only
State laws and individual companies may give you additional rights to limit sharing.
What happens when I limit sharing for an account I hold jointly with someone else?
Your choices will apply to everyone on your account - unless you tell us otherwise.
Affiliates
Companies related by common ownership or control. They can be financial and non-financial companies. Carputty currently has no affiliates
Non-affiliates
Companies not related by common ownership or control. They can be financial and non-financial companies. Non-affiliates we share with include financial service companies and service providers
Joint Marketing
A formal agreement between non-affiliated financial companies that together market financial products or services to you. Carputty currently has no marketing partners
Pursuant to the California Consumer Privacy Act of 2018 (“CCPA”), we are providing additional details regarding the categories of Personal Information that we collect, use, and disclose about California residents. Under the CCPA, “Personal Information” is information that identifies, relates to, or could reasonably be linked with a particular California resident or household. This additional information does not apply to employment-related Personal Information collected from California-based employees, job applicants, contractors, or similar individuals.
We collect Personal Information from:
The following chart details which categories of Personal Information about California residents we may collect, as well as which categories of Personal Information we have collected and disclosed for our operational business purposes in the preceding 12 months. For the avoidance of doubt, Carputty reserves the right to disclose the following categories of personal information to the following categories of third parties for a business or commercial purpose: our affiliated entities, trusted third-party service providers, credit bureaus, law enforcement authorities, joint marketing partners, and third parties to permit them to send marketing communications consistent with Consumers’ choices.
Identifiers such as real name, alias, postal address, unique personal identifier, online identifier, Internet Protocol Address, account name, Social Security Number, driver’s license number, passport number, or other similar identifiers.
Personal information, as defined in the California customer records law, such as name, contact information, insurance policy numbers, education, employment, employment history, bank account numbers, credit card numbers, debit card numbers, and other financial information.
Characteristics of protected classifications under California or federal law, such as race, gender, or ethnicity.
Commercial information, including records of personal property, products, or services purchased, obtained, or considered, or other purchasing or consuming histories or tendencies.
Internet or other electronic network activity information including, but not limited to, browsing history, and information regarding a Consumer’s interaction with an internet website, application, or advertisement.
Geolocation data, such as device location.
Audio, electronic, visual, or similar information, such as call recordings
Inferences drawn from any of the information identified above to create a profile about, for example, a Consumer’s preferences or characteristics.
We use these categories of Personal Information for the purposes of operating, managing, and maintaining our business and workforce, providing our products and services, and accomplishing our business purposes and objectives, including using Personal Information to:
Under the CCPA, if a business sells Personal Information, it must allow California residents to opt out of the sale of their Personal Information. However, we do not sell and have not sold Personal Information, as “sale” is defined in the CCPA. For example, and without limiting the foregoing, we do not sell the Personal Information of minors under 16 years of age.
If you are a California resident, you may request that we:
To make a request for the disclosures or deletion described above, please contact us at help@carputty.com or 1-888-598-2660. We will verify and respond to your request consistent with applicable law, taking into account the type and sensitivity of the Personal Information subject to the request. We may need to request additional Personal Information from you in order to verify your identity and protect against fraudulent requests. If you make a deletion request, we may ask you to verify your request before we delete your Personal Information.
You have the right to be free from unlawful discrimination for exercising your rights under the CCPA.
If you want to make a request as an authorized agent on behalf of a California resident, you may use the submission methods noted above. As part of our verification process, we may request that you provide, as applicable, proof concerning your status as an authorized agent, which also may include:
If you are making a request on behalf of a California resident and have not provided us with a power of attorney from the resident pursuant to Probate Code sections 4121-4130, we may also require the resident to:
Pursuant to Section 1798.83 of the California Civil Code, residents of California have the right to request from a business, with whom the California resident has an established business relationship, certain information with respect to the types of personal information the business shares with third parties for direct marketing purposes by such third party and the identities of the third parties with whom the business has shared such information during the immediately preceding calendar year. To request a copy of this information or to opt out of these disclosures, please contact us as indicated below.
If you have any questions or comments about this Privacy Policy, or if you would like us to update information we have about you or your preferences, please contact us as indicated below:
Carputty, Inc.
3565 Piedmont Rd NE Building 2 Suite 225
Atlanta GA 30305
help@carputty.com
At Carputty we are committed to ensuring digital accessibility to individuals with disabilities. We are continually striving to improve the user experience and the accessibility of our mobile application to individuals with disabilities, and we will work with you to ensure that you have full access to the content, features, and functionality offered on our website. If you are having trouble accessing or using our app because of a disability, please contact help@carputty.com or chat with a Member Success Agent for assistance. This Accessibility Statement was published on December 30th, 2020.
This Terms of Use Agreement (this “Agreement”) sets forth the terms and conditions that apply to your access and use of the online functions, products, and services made available to you by Carputty Inc and any and all of its subsidiaries and affiliates.
You can access Carputty products and services through our Carputty website (located at www. carputty.com) as well as through websites and mobile applications operated by Carputty with partners. Carputty may maintain phone, email, and additional websites that allow you to access Carputty products and services. All of these channels are referred to collectively in this Agreement as the “Carputty Site.”
Through the Carputty Site you may access many different products and services offered by Carputty Inc and its subsidiary and affiliated companies. We use the name “Carputty” to refer to any and all of the companies owned by or affiliated with Carputty Inc. Carputty may add new operating companies from time to time to offer additional products and services.
To use the Carputty Site and to obtain any Carputty product or service, you must agree to this Terms of Use Agreement and all other agreements with Carputty, which are effective and binding on you just as if you had signed the document with pen and ink, and you agree all communication with you related to Carputty and any Carputty product or service may be in electronic form.
Your acceptance of this Terms of Use Agreement is required to use the Carputty Site and to obtain any product or service offered on the Carputty Site. By using the Carputty Site to obtain any Carputty product or service, you agree to be bound by this Terms of Use Agreement just as if you have signed the document with pen and ink.
If you do not wish to be bound by this Terms of Use Agreement, then do not access or use the Carputty website or mobile application, do not click “accept” to register with Carputty, and do not submit any account application, credit line inquiry, credit line request, or other product request. Taking any of these actions means you agree to this Terms of Use Agreement just as if you had signed it with pen and paper.
You may only accept this Agreement and use the Carputty Site if you are legally authorized to accept and be bound by these terms and of a legal age to enter this Agreement.
If you have questions or comments about these Terms of Use, please email us at help@carputty.com.
Changes to this Agreement: Carputty may change this Terms of Use Agreement from time to time by posting a current version on the Carputty website without delivering any notice to you. Please review the current version of this Terms of Use on the Carputty Site from time to time, because your continued access or use of the Carputty Site shall be deemed your acceptance of the Terms of Use in place at that time.
Additional Product or Account Agreements: To obtain certain Carputty products and services you might be required to enter into additional agreements with Carputty. You will be subject to this Terms of Use Agreement and any other account agreements you enter with Carputty
Risks of using the Carputty Site: Conducting financial transactions through online services such as Carputty has inherent risks and is susceptible to interruption. By using the Carputty Site and online services, you agree to the following and accept the following risks:
Privacy: If you use or obtain any Carputty product or service, Carputty will collect information about you and use it and share it according to Carputty’s Online Privacy Policy. Please read Carputty’s Privacy Policy for a full description of how Carputty will collect, use and share information about you. This Terms of Use does not limit the application of the Carputty Privacy Policy.
Communicating with You: You expressly give permission to Carputty to contact you according to the following terms:
Credit Line Inquiries and Submissions: If you submit a credit inquiry or a credit line request to Carputty, you authorize and instruct Carputty to obtain credit information on you from a credit reporting agency and to use it according to Carputty’s Privacy Policy, including to use the information to advertise products and services to you and to target ads to you. Your authorization in this Agreement is in addition to: (i) terms you accept at the time you submit a credit line inquiry, (ii) terms in any credit line application, and (iii) terms in credit line documents if you obtain a credit line. You agree you will provide current, complete, and accurate information about yourself and any co-borrowers or co-signers. If any information you provide is untrue, inaccurate, not current, or incomplete, Carputty has the right to terminate your submission and to decline to provide any and all future use of the Carputty Site. At all times we reserve the right to decline any credit line submission or application for a credit line.
You are Responsible for Your Financial Decisions: You are responsible for all financial decisions you make on the Carputty Site or based upon information you obtain on the Carputty Site. Carputty’s products and services are offered to you upon the express condition that you will fully evaluate your own financial circumstances, the terms of the products and services, are fully responsible for your own financial decisions. Only you can consider your financial situation and circumstances. You agree to pursue a Carputty product or service only after you have determined it is right for you.
Carputty’s Limitation of Liability: You agree that all access and use of the Carputty Site and your use of Carputty products and services is at your own risk. In no event shall Carputty (and all related parties) be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising or in connection with use of the Carputty Site. In addition, you agree:
Carputty may suspend your Account and your use of the Site: Carputty reserves the right to suspend, cancel, or terminate your use of the Carputty Site and any Carputty product or service if we believe you are using it for a purpose that is unauthorized, improper, illegal, or that could harm Carputty or Carputty’s reputation. Carputty may determine in our sole discretion the activities that could lead to such suspension or cancellation.
You agree that you will not use any device, software or routine to interfere or attempt to interfere with the proper working of the Carputty Site or any transaction being conducted on the Carputty Site.
If you want to deactivate or delete your Carputty account, please email help@carputty.com. You agree that even if you seek to terminate this Agreement, Carputty may be obligated by law to retain information about you and certain transactions.
Compliance with Applicable Law: You agree to abide by all applicable local, state, national, and international laws and regulations in your use of the Carputty Site. The Carputty Site is available only to individuals who are permitted to use it under applicable law. The Carputty Site is made available only for personal, non-commercial use and display by U.S. residents legally capable of entering commercial agreements. If you do not qualify, do not use the Carputty Site. You agree to comply with all applicable laws, rules and regulations regarding the export of technical data from the U.S. You agree:
No Warranty: Carputty does not warrant the accuracy, adequacy or completeness of the information provided on the Carputty Site and expressly disclaims liability for any errors or omissions in such information. No warranty of any kind, implied, expressed or statutory including but not limited to the warranties of non-infringement of third party rights, title, merchantability, fitness for a particular purpose and freedom from computer virus, is given in conjunction with the information. Calculators and tools on the Carputty Site provide you with ESTIMATES that may be different than actual amounts.
Copyright: Carputty Inc owns the copyright in all of the information and material contained on the Carputty Site. The contents of the Carputty Site, including its “look and feel” (e.g., text, graphics, images, logos, and button icons), editorial content, notices, software (including HTML-based computer programs), and other material are protected under both United States and foreign copyright, patent, trademark, and other laws. You agree not to reproduce, duplicate, copy, sell, resell, use or exploit for any commercial purposes, the Carputty Site, or use of or access to the Carputty Site, or any information or technology obtained from the Carputty Site, including, but not limited to, Carputty’s trademarks.
This Terms of Use Agreement includes both the General Terms and Conditions above and additional product-specific Terms and Conditions below.
If you use any of the following Services, the terms below apply to you in addition to the General Terms and Conditions above:
Connected Accounts: Carputty offers products and services that allow you to “connect” or “link” external accounts, such as a bank account, a loan, or a credit card account held at another institution. You agree to the following terms and conditions when you connect an account at another institution:
A note from our Credit team: When Carputty began, LIBOR was a leading benchmark base interest rate. As announced by the Federal Reserve in December 2022, LIBOR will be permanently be replaced by the Secured OvernightFinancing Rate (“SOFR”) as the standard benchmark for US Loans. The deadline for this transition was set as June 30, 2023, so effective July 1, 2023 all subsequent Advances will utilize SOFR as the base right.
For clarity, this change will have no impact on any active advances – the rate and payments on any vehicles currently financed through your Flexline will not change. It will only apply to new Advances takes against yourFlexline.
* Flexline™ Incentive New Transaction Terms & Conditions
By participating in this promotion, participants acknowledge that they have read, understood, and agree to be bound by these terms and conditions:
Eligibility: This promotion is open to existing Carputty Flexline account holders who complete a new transaction by adding an eligible vehicle to their Flexline account within the promotional period and make the first payment on time. A new transaction can include a retail purchase of an eligible new or used vehicle, a lease buyout or a refinancing of an eligible auto loan. Vehicle must meet Carputty’s vehicle eligibility requirements.
Promotional Period: The promotional period begins on August 26, 2024 and ends on September 30, 2024. All vehicle additions must be completed within this timeframe and first payment made on time to qualify for the promotion.
Value: Qualified participants will receive payment equal to $200, subject to the terms outlined herein.
Incentive Distribution: Reward will be emailed to the email address associated with their Carputty Flexline account within 45 days of the first on-time vehicle payment.
One Reward Per Account: Each eligible Carputty Flexline account is entitled to receive one (1) incentive payment based on the first vehicle added regardless of the number of vehicles added during the promotional period.
Non-Transferable: The reward is non-transferable and may only be sent to the primary account holder of the Carputty Flexline account to which the vehicle is added.
Incentive Expiration: The reward will expire after 30 days if not redeemed by member.
Fraudulent Activity: Carputty reserves the right to disqualify any participants found to be engaging in fraudulent activity or violating these terms and conditions.
Modification or Termination: Carputty reserves the right to modify, suspend, or terminate this promotion at any time without prior notice, for any reason.
General Conditions: Participation in this promotion constitutes acceptance of these terms and conditions. Participants agree to comply with all applicable laws and regulations.
Governing Law: These terms and conditions shall be governed by and construed per the laws of the state of Georgia, without regard to its conflict of law principles.By participating in this promotion, participants acknowledge that they have read, understood, and agree to be bound by these terms and conditions:
* Flexline™ Incentive New Transaction Terms & Conditions
By participating in this promotion, participants acknowledge that they have read, understood, and agree to be bound by these terms and conditions:
Eligibility: This promotion is open to existing Carputty Flexline account holders who complete a new transaction by adding an eligible vehicle to their Flexline account within the promotional period and make the first payment on time. A new transaction can include a retail purchase of an eligible new or used vehicle, a lease buyout or a refinancing of an eligible auto loan. Vehicle must meet Carputty’s vehicle eligibility requirements.
Promotional Period: The promotional period begins on June 25, 2024 and ends on July 31, 2024. All vehicle additions must be completed within this timeframe and first payment made on time to qualify for the promotion.
Value: Qualified participants will receive payment equal to the amount of their first monthly payment up to $500, subject to the terms outlined herein.
Incentive Distribution: Payment will be mailed to the address associated with their Carputty Flexline account within 45 days of the first on-time vehicle payment.
One Reward Per Account: Each eligible Carputty Flexline account is entitled to receive one (1) incentive payment based on the first vehicle added regardless of the number of vehicles added during the promotional period.
Non-Transferable: The payment is non-transferable and may only be sent to the primary account holder of the Carputty Flexline account to which the vehicle is added.
Fraudulent Activity: Carputty reserves the right to disqualify any participants found to be engaging in fraudulent activity or violating these terms and conditions.
Modification or Termination: Carputty reserves the right to modify, suspend, or terminate this promotion at any time without prior notice, for any reason.
General Conditions: Participation in this promotion constitutes acceptance of these terms and conditions. Participants agree to comply with all applicable laws and regulations.
Governing Law: These terms and conditions shall be governed by and construed per the laws of the state of Georgia, without regard to its conflict of law principles.By participating in this promotion, participants acknowledge that they have read, understood, and agree to be bound by these terms and conditions:
* Flexline™ Visa Gift Card New Transaction Terms & Conditions
By participating in this promotion, participants acknowledge that they have read, understood, and agree to be bound by these terms and conditions:
Eligibility: This promotion is open to existing Carputty Flexline account holders who complete a new transaction by adding an additional vehicle to their Flexline account within the promotional period. A new transaction can include a retail purchase of an eligible new or used vehicle, a lease buyout or a refinancing of an eligible auto loan.
Promotional Period: The promotional period begins on February 20, 2024 and ends on May 1, 2024. All vehicle additions must be completed within this timeframe to qualify for the promotion.
Gift Card Value: Qualified participants will receive a $100 Visa® gift card, subject to the terms outlined herein.
Vehicle Addition Criteria: To be eligible, participants must add an eligible vehicle to their existing Carputty Flexline account within the promotional period. The vehicle addition must be successfully processed and approved by Carputty.
Gift Card Distribution: Qualified participants will receive their $100 Visa® gift card electronically via the email associated with their Carputty Flexline account within 30 days of the vehicle addition being approved. The Visa® gift card will need to be activated according to instructions provided with the e-delivery.
One Gift Card Per Account: Each eligible Carputty Flexline account is entitled to receive one (1) $100 gift card, regardless of the number of vehicles added during the promotional period.
Non-Transferable: The gift card is non-transferable and may only be used by the primary account holder of the Carputty Flexline account to which the vehicle is added.
No Cash Alternative: The $100 gift card has no cash value and cannot be exchanged for cash or any other alternative.
Fraudulent Activity: Carputty reserves the right to disqualify any participants found to be engaging in fraudulent activity or violating these terms and conditions.
Modification or Termination: Carputty reserves the right to modify, suspend, or terminate this promotion at any time without prior notice, for any reason.
General Conditions: Participation in this promotion constitutes acceptance of these terms and conditions. Participants agree to comply with all applicable laws and regulations.
Governing Law: These terms and conditions shall be governed by and construed per the laws of the state of Georgia, without regard to its conflict of law principles.
About the Visa Gift Card:
We’re here to guide and assist you throughout the process and can answer questions about your car search, or what to do when you’re ready to refi or sell your current vehicle.
