You can love your car and your car payment with a Flex Drive Loan from Clearview.
Our Flex Drive Loan is designed to provide a more flexible and affordable way to finance your next vehicle. With this option, you'll enjoy the lower payments* typically associated with leasing while retaining the benefit of vehicle ownership. The vehicle will be titled in your name, giving you the flexibility and control you deserve.
We partner with Auto Financial Group (AFG) to guarantee the residual value of your vehicle, which is the projected value at loan maturity. This is also known as "Guaranteed Future Value" or GFV.
Here’s what makes Flex Drive Loans stand out:
- Lower monthly payments: Enjoy payments significantly lower than traditional financing options.*
- No money due at signing: There’s no first or last payment, no down payment required, and no acquisition or capitalization fees.
- Flexible mileage options: Choose from annual mileage options of 7,500, 10,000, 12,000, 15,000, or 18,000 miles to suit your driving needs.
- Ownership with options:The vehicle is yours from the start, and you can decide whether to:
- Sell: pay the balance, including the Guaranteed Future Value, and keep any difference.
- Trade: use the vehicle as a trade-in and the loan balance, including Guaranteed Future Value, is paid as part of the transaction.
- Refinance: keep the vehicle and refinance the loan balance, including the Guaranteed Future Value, as a used vehicle loan.
- Pay off the vehicle at any time.
- Or simply “walk away,” not pay the Guaranteed Future Value, and return the vehicle at loan maturity.
- Wide eligibility range: The Flex Drive Loan is available for qualified future-year, current-year, and pre-owned vehicles up to five years old. Financing is available for up to 72 months.
The Flex Drive Loan bridges the gap between traditional auto loans and leasing, providing flexibility and cost-saving benefits in one powerful package. Whether you're looking for a new car or considering your pre-owned options, this program is a game changer.
Flex Drive FAQs
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Flex Drive is a unique financing option that gives you more control and flexibility. It allows you to enjoy lower monthly payments by only paying for the portion of the vehicle’s value you plan to use. At the end of the term, you’ll have options to walk away, refinance, or purchase the vehicle outright. Auto Financial Group (AFG), our trusted partner, manages the end-of-term process on our behalf to ensure everything runs smoothly.
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The balloon amount is based on the guaranteed future value of your vehicle, which is determined at the time of financing. This value takes into account the vehicle type, loan term, and anticipated mileage, using trusted industry guidelines. With this guarantee, you can walk away from the final payment at the end of the term if you choose.
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Flex Drive can lower your monthly payments by up to 40% compared to traditional financing. This is because you’re only paying for the portion of the vehicle’s value you plan to use, thanks to the guaranteed future value.
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As the maturity date of your loan approaches, Auto Financial Group (AFG) will stay in contact with you to remind you of your options, which include:
- Paying off or refinancing with Clearview
- Trading in or selling your vehicle anytime to pay off the loan
- Choosing the walk-away option at term end
If you decide to exercise the “walk-away” option, you must notify AFG no later than 30 days before your loan maturity date. You can communicate your decision via email at endofterm@autofinancialgroup.com or call AFG at (877) 354-4234, Option 1. And as always, if you have any questions for the Clearview team, please contact one of our Loan Officers at 1-800-926-0003, ext. 23671.
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If you exceed your contracted mileage, there’s a $0.10/mile charge when you return the vehicle. However, Flex Drive is designed to be flexible. Before your term ends, you can refinance your remaining balance into a conventional loan to avoid over-mileage charges.
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Flex Drive is tailored to fit your unique needs. Whether you’re looking for lower payments or more flexibility, our loan officers are here to help you explore how Flex Drive can work for you. Every situation is different, so let’s find the best solution together.
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Absolutely! You have options to trade, sell, or refinance your vehicle before the term ends. Let’s find the best solution for you.
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