What types of vehicles can I finance with a Flexline™?

To be eligible to finance with your Flexline, a vehicle must meet the following requirements:

• Vehicle model year cannot be more than 8 years older than the date you request the advance. (For example, in 2023, the vehicle must be no older than a 2015 model.)
• Must have less than 85,000 miles
• Be manufactured by US-approved, licensed Original Equipment Manufacturers (OEMs) - basically, no kit cars
• The vehicle must also have a clean, marketable title or Manufacturer Statement of Origin (MSO), and salvaged or branded titles are not eligible.
• For new and used transactions, the purchase must be made from an authorized dealer. (Any standard dealership is likely to be authorized.) Private sales, brokers, auctions are not supported at this time.

The maximum number of vehicle advances will be limited to the following conditions allowed on
any given line:

• No more than 2 advances per month
• Not to exceed 15 total vehicles with an active Advance
• Maximum advance limits shall exclude any refinance transactions

Additionally, in order to be eligible, the vehicle must:

• Be registered in the Flexline™ account holder's name
• Eligible vehicles for Personal and Business Flexlines must be properly insured including but not limited to the following:
  • Comprehensive and Collision insurance
  • Maximum deductible of $1,500 for personal & $2,500 for business
  • Carputty listed as the Lienholder/Loss Payee
• The amount requested is at least $10,000 but not more than $150,000 plus the price of any Carputty Coverages.
• All outstanding payment obligations are current
• All prior titles have been perfected or are less than 60 days outstanding

If any of the following conditions apply, the vehicle MAY NOT be eligible:

• Gray market, lemon law, or rebuilt titles
• Have negative data from sources like CarFax or AutoCheck
• Motorcycles, RVs, boats, watercraft, aircraft, and commercial vehicles are not eligible.

For Eligible Vehicles, the amount of the Advance cannot not exceed the maximum LTV % plus taxes, the cost of registration and plus price of any Carputty Coverages

1. For Used Eligible Vehicles, the amount of the Advance does not exceed the
   maximum LTV % outlined below based on V3 value or
   1. When the V3 Value is $75k or less the Max LTV = 110% of V3
   2. When the V3 Value is between $75,001 & 100k the Max LTV = 90% of V3
   3. When the V3 Value is $100,001 or greater the Max LTV = 80%
   4. For current year used Eligible Vehicles, when vehicle valuations do not exist
      or have not been released, the Value will be defined as 90% of MSRP
   5. For unique or low quantity vehicles that do not return a valid V3 valuation,
      Carputty may at its sole discretion assign a value through the Credit
      Committee or their designee
2. For New Eligible Vehicles, the amount of the Advance does not exceed the maximum
   LTV % outlined below based on the V3 value or
   1. When the V3 Value is $75k or less the Max LTV = 100% of V3
   2. When the V3 Value is between $75,001 & 100k the Max LTV = 90% of V3
   3. When the V3 Value is $100,001 or greater the Max LTV = 90%
   4. For current year New Eligible Vehicles, when vehicle valuations do not exist
      or have not been released, the Value (V3) will be defined as MSRP

To learn more about vehicle eligibility please see our disclaimers, disclosures, and policies. If you have concerns or questions, please contact us at help@carputty.com or reach out via Chat.