Capital One Auto Finance

Capital One Auto Finance Review

Capital One Auto Finance is offered by Capital One, a bank founded in 1933 and based in McLean, VA. Capital One Auto Finance is available in 50 states (and Washington, DC).

How much can you borrow via Capital One Auto?

Capital One Auto loan amounts start at $4,000 and go up to $40,000.

What APR does Capital One Auto offer on its car loans?

Capital One Auto offers a fixed apr car loan product that ranges from 3.99% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum auto loan term you can get with Capital One Auto?

Capital One Auto has car loans with terms ranging from 36 to 72 months. Having the option of longer terms -- terms can range up to 144 months -- allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.

Does Capital One Auto charge an origination fee?

Yes, Capital One Auto may charge a loan origination fee.

Does Capital One Auto charge a late fee?

Yes, Capital One Auto charges borrowers with a late payment penatly fee

Does Capital One Auto charge prepayment fees?

No, Capital One Auto will not charge you a fee for paying your loan early. Whenever possible choose lenders like Capital One Auto that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my Capital One Auto loan?

Yes, you can. Capital One Auto does not charge a prepayment fee, so you can save money by paying your car loan early.

What do you need to qualify for Capital One Auto Finance?

To qualify for auto loans with Capital One Auto Finance, applicants need a minimum annual income of $18,000 or higher. Capital One Auto Finance only considers borrowers who are employed and meet the minimum income requirement. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members are eligible to apply for a loan via Capital One Auto Finance. Their rates fall within the limits of The Military Lending Act.

Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Recent pay stubs
• Driver's license
• Proof of citizenship or residence permit

What is the estimated funding time for a car loan via Capital One Auto?