How does Carputty set rates for Flexloan™?
Flexloan™ rates are determined through a partnership between Carputty and Westlake Direct. Westlake Direct is the lender for your loan, and Westlake Financial handles servicing after your loan is originated.
Your final Flexloan APR is based on Westlake's risk-based pricing, which takes into account your credit profile and the vehicle being financed, plus an additional Carputty margin. While this margin may vary, it will be disclosed when you receive your Preliminary Statement of Terms.
Unlike Flexline™, which offers a fixed margin tied only to your credit profile, Flexloan APRs may differ depending on both your credit and the vehicle you're purchasing. However, Carputty remains committed to transparency by showing you the final, all-in APR and its breakdown.
