Advertised and estimated rates are subject to change without notice. APRs shown are current as of March 27, 2019. Down Payment is required in some situations to complete purchase. A representative example of payment terms is as follows: a $1,000 down payment, an Amount Financed of $22,000 with an APR of 10.00% and a term of 72 months would have a monthly payment of $389.04. Advertised rates depend on the individual's credit and key financing characteristics, including but not limited to the Amount Financed, term, loan-to-value (LTV) ratio, down payment amount, and vehicle characteristics. The Amount Financed may include the vehicle sales price, tax, title, licensing fees, dealer fees, and any optional products like service contract and/or extended warranty that you choose to purchase from the dealer.ĭue to requirements under the Military Lending Act, auto financing for certain members of the Armed Forces and their dependents cannot include GAP, Credit-Life, or Accident & Health Insurance, and other similar products.ĪPR is the Annual Percentage Rate. Your maximum Amount Financed may be based on income, key credit characteristics, the vehicle you are purchasing, the details of the financing deal, and/or the specific dealership from which you purchase the vehicle. See our FAQs for more information.įor new and used vehicles, the minimum Amount Financed is $4,000. Your purchase will result in a retail installment contract with the dealer as the original creditor. After negotiating purchase terms and receiving dealer credit approval, you will sign a contract with the dealer reflecting both your purchase and financing terms. A credit application at the dealer will result in one or more inquiries posted to your credit file. Then you will fill out a credit application and provide any information needed for review to complete your financing. Check-in will allow that dealer to access your pre-qualified terms and preferences, including cars you saved at that dealership (check-in is not available at all dealerships and is not a mandatory step). When you visit a participating dealer, show them your Auto Navigator Offer Summary for the vehicle you would like to finance or check-in using your pre-qualification. Any existing Capital One accounts must be in good standing (not over limit, past due, or delinquent). Minimum monthly income required is $1,500 or $1,800, depending on your credit qualifications. To pre-qualify, you must be at least 18 years old, have a valid street address within the contiguous United States or an APO/FPO address.
Auto Navigator terms expire 30 days from the date your application is received. Pre-qualification does not guarantee that you will receive financing or any particular financing terms, which are subject to change based on our evaluation of your credit application submitted at the dealer and any required documents. Not all consumers qualify for these terms. Terms online are provided based on common monthly increments of 24, 36, 48, 60, 72, 75, and 84 however, other terms may be available at the dealership when purchasing the vehicle.
#CUSTOMER SERVICE CAPITAL ONE AUTO FINANCE UPDATE#
These terms are based on information you provide and might change if you update any information on our website or at the dealer. *Monthly payment and Annual Percentage Rate (APR) terms are not final until your financing is completed at a participating dealer. Remember, you can use your mobile phone to configure vehicles and compare your options at the dealer! If you have recently applied and funded another loan with Capital One Auto Finance, this might impact your eligibility for a new loan with this pre-qualification. When you are ready to finance a vehicle, take your Auto Navigator Offer Summary to a participating dealer to let them know you are pre-qualified for auto financing with Capital One. The Offer Summary will include an estimate of the financing terms you could qualify for when you apply for financing at the dealer. Remember, your pre-qualification amount can only be used for the purchase of one, personal use vehicle. If you pre-qualify, you will be able to see your monthly payments, APRs and Offer Summaries for vehicles you may be considering.
We review the information you provide to determine whether you pre-qualify with no impact to your credit score. Use Auto Navigator to pre-qualify for auto financing prior to visiting a participating dealer.
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