Last Updated: 04/18/2025
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Highlights
Amount Range
$7,500 - $50,000
APR (Fixed APR)
4.1% - 24.99%(Verified 06/21/2024)
Disclaimer popup with additional information
Credit Score Range
540 - 850
Loan Term (Months)
N/A
Capital One Auto Refinance Review
Capital One auto refinance is an auto loan refinance offering by Capital One, based in McLean, VA. Founded in 1933, Capital One offers auto refinance loans in 48 states (and Washington, DC).
Key Takeaways
- Poor credit accepted. Even if you have bad or poor credit, you can apply. Borrowers with a credit score as low as 540 are considered for Capital One Auto Refinance.
- Refinancing for large loan amounts. You can refinance auto loans of up to $50,000 with Capital One Auto Refinance.
- No origination fee. Capital One Auto Refinance does not charge an origination fee for processing your loan application.
Capital One auto refinance Pros & Cons
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Capital One auto refinance FAQ
How much can you borrow via Capital One auto refinance?
Auto refinance loan amounts start at $7,500 and go up to $50,000.
What are the auto loan refinancing rates offered through Capital One auto refinance?
Capital One auto refinance offers a fixed APR car loan refinancing product that ranges from 4.1% APR up to 24.99% APR.
Does Capital One auto refinance charge an origination fee on auto refinance loans?
No, Capital One auto refinance does not charge a loan origination fee for refinancing a car loan.
A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount.
Does Capital One auto refinance charge a late fee?
Yes, auto refinance loans via Capital One auto refinance are subject to late payment penalty fees .
Does Capital One auto refinance charge prepayment fees?
No, there is no prepayment penalty.
What do you need to qualify for Capital One Auto Refinance?
Applicants with a credit score of at least 540 and up to 850 may be eligible for Capital One Auto Refinance. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Capital One Auto Refinance does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Capital One Auto Refinance.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Proof of insurance
- Driver's license or other government photo ID
- Proof of identity
Does Capital One perform a hard credit pull?
As is the case with most providers, a hard credit pull will likely occur if you accept an offer after checking your rates. Capital One auto refinance allows you to check your rates with a soft credit pull.
Is Capital One a legit company?
Capital One was founded in 1933, it is a well-established company that has been in business for 93 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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Message from Capital One auto refinance
Message from our editor
What we love about Capital One Auto Refinance
Capital One is a popular lender that focuses on providing financing to people with good, but not excellent credit. That means that you may be able to refinance your auto loan even if you don’t have a perfect credit score. Capital One also makes it easy to see what type of loan you can qualify for with its online pre-approval process, which doesn’t impact your credit score.
Capital One also has strong customer service. You can choose the due date for your monthly bill, letting you place it at the best time of each month for you. You can also get support quickly over the phone or through the Capital One app.
What could Capital One Auto Refinance do better?
One of the drawbacks of a Capital One Auto Refinance is that there are a lot of eligibility requirements. If you want to refinance with Capital One your loan must meet the following requirements.
- The remaining term of your existing loan must be at least 12 months and more than 99 months
- New loan terms must be at least 24 months and no more than 72 months
- Vehicles must be less than seven years old
- You must owe between $7,500 and $40,000
There are additional requirements, including make and model restrictions and monthly income minimums.
Capital One Auto Refinance’s backstory
Capital One Financial Corporation is a financial company based in Virginia that offers credit cards, auto loans, and banking services to its customers. It began as a credit card company and expanded into auto loans in 1998.
The Verdict
Capital One Auto Refinance can be a great choice if you meet all of the eligibility requirements. You can get pre-approved and see rate estimates without impacting your credit, so there’s little reason not to give it a shot.
Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed