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  Capital One Auto Finance

Capital One Auto Finance

in Auto Loans from Capital One

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Capital One Auto Finance

Claimed

in Auto Loans from Capital One

SuperMoney Net Recommendation Score -43

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -43, equating to 2.1 on a 5 point rating scale.

-43

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.

Mostly not recommended

10 users recommend
1 user is unsure
26 users don't recommend
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Highlights
Community Rating Mostly not recommended
Credit Score Range 550 - 850
Loan Amount $4,000 - $40,000
APR  (Fixed APR) Starting at 3.99%
Loan Term (Months) 36 - 72 months
Number of Reviews 37

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).

Capital One Auto FAQ

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?

Applicants with a credit score of at least 550 and up to 850 may be 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. 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 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.

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?

Capital One Auto will typically approve (or deny) a car loan application within 1 hour and fund the car 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...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Capital One

At Capital One, our mission is to change banking for good by bringing humanity, ingenuity and simplicity to banking. In support of our mission, the Capital One Impact Initiative advances socioeconomic mobility by advocating for an inclusive society, building thriving communities and creating financial tools that enrich lives. It is fueled by an initial $200 million multi-year commitment to catalyze economic growth in low- and moderate-income communities and close gaps in equity and opportunity.

Looking to finance a new or used car? See if you pre-qualify for financing in minutes with no impact to your credit score. Plus, know your estimated financing terms before heading to a participating dealer.

Message From Our Editor

What we love about Capital One Auto Navigator

Capital One Auto Navigator makes it easy to get pre-approved for a car loan before you visit a car dealership. You can also set your desired terms for an auto loan. The tool can pre-approved you without affecting your credit and will direct you to a participating dealership. You can also view dealer inventory online so you can do most of the car buying through the internet. All you have to do in-person is test drive the car and fill out an official loan application.

What could Capital One Auto Navigator do better?

Capital One Auto Navigator places some restrictions on the vehicles that you can buy. For example, it has a maximum and a minimum loan amount, only finances cars, SUVs, minivans, and light trucks, and certain makes and models are not eligible. You also need to have decent credit to qualify for a loan, so if you’re looking for a lender that will work with people with poor credit.

You also need to work with a dealership that’s in Capital One’s network, which may limit the inventory of cars that you can see and may mean you don’t get to visit a dealership that you’ve worked with in the past and liked.

Capital One Auto Navigator‘s backstory

Capital One is an American financial company that was founded in 1994. It offers a variety of banking and credit products. It expanded into offering auto loans in 1998.

The Verdict

 Capital One Auto Navigator is a good choice if your desired vehicle meets the requirements and you like doing your shopping online. If you enjoy the process of going to the dealership and shopping for a car, or have a specific dealer that you want to work with, you may want to choose a different lender.

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • 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

Feature Breakdown

No Prepayment Fee
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Cosigner
Maximum Vehicle Age 10
Military Status
  • Active Duty Military
  • Non-Military
Minimum Age 18
Minimum Annual Income $18,000
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Recent Pay Stubs
Credit Score Range 550 - 850
Loan Amount $4,000 - $40,000
APR (Fixed APR) Starting at 3.99%
Loan Term 36 - 72 months

Capital One Auto Finance Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of -43, equating to 2.1 on a 5 point rating scale.

-43

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.

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