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  Capital One Auto Finance

Capital One Auto Finance

in Auto Loans from Capital One

Claimed

Capital One Auto Finance

Claimed

in Auto Loans from Capital One

SuperMoney Net Recommendation Score -58% 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

7 users recommend
1 user is unsure
28 users don't recommend
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Highlights
Highlights
Community Rating Strongly not recommended
Loan Amount $4,000 - $40,000
APR  (Fixed APR) Starting at 3.99%
Credit Score Range 550 - 850
Loan Term Up to 72 months
Number of Reviews 36

Capital One Auto Finance Review

Capital One Auto Finance is offered by Capital One, a bank founded in 1988 and based in McLean, VA. Capital One Auto Finance is offered in 50 states (and Washington, DC).

How much can you borrow via Capital One Auto Finance?

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

What APR does Capital One Auto Finance offer on its auto loans?

Capital One Auto Finance offers a fixed APR auto 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 loan term you can get with Capital One Auto Finance?

Capital One Auto Finance has auto loans with a maximum term of 72 months. Having the option of longer terms allows borrowers to take on larger 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 Finance charge an origination fee?

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

Does Capital One Auto Finance charge a late fee?

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

Does Capital One Auto Finance charge prepayment fees?

No, Capital One Auto Finance will not charge you a fee for paying your loan early. Whenever possible choose lenders like Capital One Auto Finance 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 Finance loan?

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

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

Applicants with a credit score of at least 550 and up to 850 are eligible for Capital One Auto Finance. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

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.

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 and their covered dependents are eligible to apply for a loan via Capital One Auto Finance. Their rates fall within the limits of The Military Lending Act.

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 an auto loan via Capital One Auto Finance?

Capital One Auto Finance will typically approve (or deny) an auto loan application within 1 hour and fund the loan within 7 business days of approval.

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...

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
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
  • Cosigner
Verification Documents Required
  • Recent Pay Stubs
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Amount $4K - $40K
Loan Term Up to 72
APR (Fixed APR) Starting at 3.99%

Capital One Auto Finance Community Reviews

 
 

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