Our lawyers asked nicely to share this with you. Here's everything you need to know in one place.
Interest rates are variable and range based on the value of the London Inter-Bank Offered Rate (“LIBOR”) and creditworthiness 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 LIBOR 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.
What Carputty does with your personal information:
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:
All financial companies need to share customers' personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers' personal information; the reasons Carputty chooses to share; and whether you can limit this sharing.
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.
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.
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:
