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Capital One Auto Finance

in Auto Loans

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Capital One Auto Finance

Unaffiliated

in Auto Loans

SuperMoney Net Recommendation Score -59% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Strongly not recommended

5 users recommend
1 user is unsure
21 users don't recommend
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Overview

Capital One Auto Finance Overview

Capital One Auto Finance is based in Plano, Texas, and offers financing options for new and used vehicles. Capital One Auto Finance is a division of Capital One Financial Corporation, which entered the auto loans business in 1998 through the acquisition of Summit Acceptance Corporation. In 2001, Capital One Financial Corporation additionally acquired PeopleFirst Finance LLC and, in 2003, the corporation rebranded its auto financing division as Capital One Auto Finance.

Capital One Financial Corporation is a Fortune 500 company that offers a wide-array of financial services. Capital One has its corporate headquarters in McLean, Virginia, and has over 313 billion in assets. The corporation has received an A+ rating from the BBB.

How Do Capital One Auto Finance’s Auto Loans Work?

Capital One Auto Finance offers three types of auto financing: loans for new cars, loans for used cars and refinancing for existing auto loans. In addition to cars, the company finances light trucks, minivans and SUVs but does not offer financing for motorcycles, RVs, ATVs, boats or commercial vehicles.

What Are the Rates for Capital One Auto Finance’s Auto Loans?

Capital One Auto Finance rates can vary depending on the type of loan and your credit history.

- For new vehicle loans, rates start at 2.49% APR.

- For used vehicle loans, rates start at 2.89% APR.

- For refinancing an auto loan, rates start at 2.99% APR.

How Much Money Can I Borrow from Capital One Auto Finance for Auto Loans?

Capital One Auto Finance offers loans ranging from a minimum of $7,500 to a maximum of $40,000. The actual amount of financing that will be available to you is limited by the value of the vehicle you are purchasing or refinancing. For new vehicles, the value is based on the invoice price. For used vehicles, the value is based on either the Kelley Blue Book wholesale value or the NADA trade-in value depending on what state you live in.

What Is Capital One Auto Finance’s Application Process Like?

With Capital One Auto Finance, you can fill out an application online or by phone and, within minutes, you can find out what offers are available to you. The company lets you see if you pre-qualify for financing, which doesn't affect your credit score. Based on your creditworthiness, you may need to provide additional information such as proof of income.

How Are Capital One’s Auto Loans Better than Other Auto Loans?

- Capital One Auto Finance offers low and competitive rates.

- Borrowers can see if they pre-qualify for auto financing without having their credit score affected.

- On average, customers who refinance with Capital One Auto Finance lower their annual auto payments by $700.

CAPITAL ONE AUTO FINANCE Disclosure: “Advertised 2.49% APR is offered depending on the individual’s excellent and substantial credit, and key financing characteristics, including but not limited to the amount financed, a term less than or equal to 60 months, a loan-to-value (LTV) ratio of less than or equal to 80% and a new vehicle. Your actual APR will be based on your specific situation. . . . 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. . . . Monthly payment and Annual Percentage Rate (APR) terms are not final until your financing is completed at a participating dealer.”
SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Contact

  • Headquarters
  •   7933 Preston Road
    Plano, TX 75024 USA
  •   Visit Site

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Prepayment Fee  
Minimum Age 18
Credit Score Range 550 - 850
850 300 550
Immigration Status Considered
  • U.S. Permanent Resident
Minimum Annual Income $18,000
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Maximum Vehicle Age 10
Military Status
  • Active Duty Military
  • Non-Military
Joint Loan Applications Accepted
  • Co-signer
Verification Documents Required
  • Recent Pay Stubs
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Amount $4K - $40K
Loan Term (Months) Up to 72
APR Starting at 2.49%

Reviews

 
 

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