Congrats on pre-qualifying for a Flexloan! Financing your next vehicle is simple-just follow the checklist below to speed through your transaction.
Vehicle Age
Finance vehicles up to 10 model years old. (In 2025, this means you can finance a 2015 vehicle or newer).
Vehicle Mileage
Your Flexloan can be used to finance vehicles with up to 150K miles.*
Registration
Must be under the Flexloan holder’s name.
*Subject to lender approval.
Purchase Details
Vehicle Details
Personal Documents
Proof of Insurance
Using a Flexloan to finance your next new or used vehicle is simple and straightforward. Start by tapping or clicking Add a Vehicle from <your dashboard> and you’ll be guided through the process. Our Member Success Agents are here to support you along the way and will be verifying relevant docs and information throughout the process.
Provide us with relevant details about the vehicle you’re interested in and the retailer (dealer) you’re working with. If you want to consider a different vehicle at a later stage—no problem! These can be changed with no penalty.
Next, we’ll need to verify your identity and income. We partner with Plaid to use secure open banking standards to conduct these checks. You’ll also need to agree to a hard credit pull (though the check itself does not happen until you finalize your vehicle).
We’ll transmit funds to your dealer. In the meantime, you can make arrangements to pick up your new vehicle.
Your preliminary statement provides the financing amount, interest rate and term for the vehicle you’re looking to purchase. Review the statement to ensure all vehicle details are accurate.
Review your Final Statement of Terms one last time, making any adjustments to your vehicle, down payment and/or trade-in details and provide proof of insurance. Then you’ll need to approve your final statement of terms and sign your promissory note, after which the hard pull will be completed.
We’ll transmit funds to your dealer. In the meantime, you can make arrangements to pick up your new vehicle.
In short, sit back and relax. Our MSA team will. work with your dealership to secure mandatory vehicle documents, including the Title and Registration and the Bill of Sale. We will reach out if we need anything further from you.
Get StartedUsing your Flexloan, you can finance a vehicle up to a loan-to-value rate of 110%. This is determined by dividing the total cost of your vehicle, including all taxes and fees, by its current V³ Valuation™. If the ratio surpasses 110%, a down payment will be required.
Your Flexloan can be used to finance vehicles that are 10 years old or newer (oldest model year eligible is the current year minus 8) and have fewer than 150,000 miles. Carputty has vehicle eligibility requirements to ensure that the vehicles being financed are in good condition, and have a certain level of value, as the vehicle's value serves as collateral for the loan. Click here to find a detailed list of vehicle eligibility requirements.
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. If you are uncertain if your dealer is authorized, please contact us at help@carputty.com or reach out via Chat.
