At Carputty -- there is no middle man potentially marking up the rate between you and the lender. Once you have the line of credit established, you can use it to refinance your existing cars or purchase your next one. Our line of credit is not tied to a specific vehicle purchase, it can be used as many times as you need to refinance or purchase as many eligible vehicle’s that will fit within your line.
Unlike a traditional auto loan, your line of credit is revolving. This means that when you pay down the balance, those funds become available to you again to use on other vehicles. This is comparable to how a credit card (with low rates) or HELOC works. You will never have to take out a car loan again!