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Carputty Review

Reviews 13
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Reviews 13
Kale Havervold
Jun. 01, 2023
3 min read
Kale Havervold
Carputty Summary
Carputty has a unique approach to auto financing as it provides a line of credit that you can pull from to make auto purchases instead of having to get a new loan and work with a new lender each time. This gives you instant access to funds whenever you need them. Applying for the credit line is easy, only requires one credit pull, and can be done online. You can also use the line of credit for refinancing vehicle loans and buying out auto leases.


  • Quick access to the funds you need
  • Only a single application and credit pull required
  • High credit limits


  • Not currently available in all states
  • No options for low-credit individuals

Carputty at a glance

Editorial score

Online experience

Has learning resources, access to rates

Customer services and support

Multiple ways of reaching lender, wide range of hours

Loan Types

Offers all loan types

Repayment Flexibility

Offers multiple repayment plans- but no special repayment programs

Eligibility (credit score)

Doesn't cover bad credit

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Suitable For?

Carputty is best suited for those who desire flexibility and a straightforward process when financing vehicles. Instead of having to repeat the same long process of getting a new auto loan every time you buy a vehicle, you can have a single credit line for every vehicle you purchase going forward.

You apply once, and when you have the line of credit, you can pull from it at any time for your next auto financing need, as long as you have an available balance. It is also a good choice for those who are planning to purchase multiple vehicles or want to be prepared ahead of time for future purchases.


Carputty Flexline offers you a flexible line of credit to finance one or more vehicles. The line of credit will stay open and can be used as long as it is active. If the line is inactive for two years straight, it will be terminated.

The member dashboard makes it easy to add a vehicle to your Flexline, and you will be guided through the whole process, from uploading necessary documents to transferring the title. Carputty features a valuation tool that uses over a million data points to help you anticipate changes in your car’s value when buying or selling. Other features of Carputty include:

  • One monthly payment that covers all vehicles you are financing
  • A quick and easy online application
  • A useful FAQ section
  • 24/7 roadside assistance
  • Gap insurance
  • Vehicle service contracts
  • Only one credit pull for multiple financed vehicles
  • The credit line is ready to be used whenever you need it
  • Can be used for both new or used vehicle purchases

Application Process

Applying is straightforward, can be done 100% online, and will only take a few minutes. You’ll first be asked to answer a few questions such as whether you are applying as an individual or a company and what you are looking to do with the Flexline (and when).

Next, you will be asked to provide personal information like email address, name, address, social security number, and date of birth.

You will also need to link your bank account or upload bank statements to provide information about your income and expenses. The company will do a soft credit pull during the process to determine pre-approval. If you are approved and decide to accept the Flexline and the offer that the company has made, a hard credit pull will take place and your account will be opened.

Loan Types and Terms

Carputty offers an auto-specific line of credit between $25,000 and $250,000 for you to buy new or used vehicles, buy out leases, or refinance loans. Its APR as of April 2023 ranges from 6.86% - 9.86%, depending on your credit, income, debts, and payment history.

The interest rate for the line of credit is variable and will change monthly, but each vehicle you buy will have its rate locked for the entire 63-month term.

Carputty is very clear about the main member and vehicle eligibility requirements.

Member eligibility requirements

  • Must be at least 18 years old
  • Must be a U.S. citizen or a resident with proof of status
  • Must live and be employed in a state where Carputty operates
  • Must have a credit score of 680 or higher

Vehicle eligibility requirements

  • Must be 8 model years old or newer
  • Must have less than 85,000 miles
  • Must have a clean title
  • Must not be a boat, RV, or motorcycle
  • Must not be a commercial vehicle

Also, you need to withdraw a minimum of $10,000 for each vehicle you have on the line of credit, and no more than $150,000 per vehicle.

Repayment Options

Carputty offers a 63-month term on each vehicle you purchase or refinance. Terms can be adjusted after 30 months.

How Safe Is It?

The company uses security measures that comply with federal law in order to protect your information and data. This includes computer safeguards and secured files/buildings.The company makes its privacy policy available online. It goes over what information the company collects and shares, what it uses the information for, and more.

Help & Support

Carputty offers customer support via live chat, over the phone, or through email. The company also has a FAQ section that covers many questions you might have. 

Email: help@carputty.com

Phone: (888) 598-2660

Fax: fax@carputty.com or (404) 998-8044

How Carputty Compares

CarputtyPenFedAuto Credit Express
APR6.86% - 9.86%
Minimum credit score680610No minimum credit score required
Loan amounts$25,000 to $250,000Up to $150,000Varies
Loan term63 months24 to 84 monthsVaries
Best forThose who want a clear and straightforward way to finance flexiblyThose looking for the best rates and different termsThose with low or no credit looking to borrow for a vehicle purchase


Carputty offers a unique way to finance vehicles with its auto line of credit. The application process is fast and 100% online, you can finance multiple vehicles at once, and you get instant access to the funds you need for your next purchase. This credit line can also be used for refinancing and lease buyouts, and only a single hard credit pull is required.

Physical Address

3565 Piedmont Road NE, Two Piedmont Center, Suite 225, Atlanta, GA 30305, United States

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Information was taken from the Carputty website, as well as a live chat with an agent, to help create this review.

Kale Havervold
Written by
Kale Havervold
Kale Haverold is a freelance writer with over 5 years of experience crafting articles about credit cards, loans, debt, and a raft of other personal finance topics. His work has been featured on Top10.com, BestMoney, Yahoo, Hardbacon, and Loans Canada. Kale’s easy-to-digest, research-driven articles stem from his passion to share knowledge that helps readers make informed financial decisions.
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