How is the Flexline™ different from a traditional loan?
The biggest differentiator is that the Flexline™ is NOT a loan. It gives members the purchasing power of cash and can be used to fund multiple vehicles over many years. At Carputty, there is no middleman potentially marking up the rate between you and the lender. Once you have your Flexline established, you can use it to refinance your existing cars, purchase your next one, new or used, or buy out your lease. Your Flexline is not tied to a specific vehicle purchase, and it can be used as many times as you need for as many eligible vehicles that will fit within the amount extended to you. Unlike a traditional auto loan, your Flexline is revolving. This means that when you pay down the balance, those funds become available again to use on other vehicles. This is comparable to how a credit card (with low rates) or a HELOC works. With a Carputty Flexline, you may never have to take out a car loan again!
