Capital One charges this fee to some borrowers but not to others. Origination fee: Many lenders charge a fee for the paperwork and other services associated with opening a loan.Income: Many lenders offer lower APRs to borrowers who make more money compared to their monthly payment obligations.Ĭapital One charges relatively few fees on its auto loans.Vehicle details: You may face higher interest rates if you want to finance an older or high-mileage vehicle, which are both seen as riskier to car lenders.Loans with lower LTV ratios often come with lower interest rates and vice-versa. Amount financed: How much you borrow on a vehicle compared to its total value is known as the loan-to-value (LTV) ratio.Term length: Longer loan terms come with lower monthly payments but higher interest rates.Borrowers with good credit scores of 690 and up will gain access to some of the lowest rates, while those with fair or bad scores face higher APRs. Credit history: Your credit score and other items on your credit report are some of biggest factors in your rates.The rates you receive from auto lenders like Capital One depend on the following variables: Loan amounts: Minimum of $4,000 for new and used vehicle financing, and a maximum of $50,000 for refinances (the maximum for purchasing depends on income, credit score, and vehicle type).Loan terms: 24 to 84 months (other terms may be available at the dealership when purchasing a vehicle).Show more Capital One Auto Loan Rates and TermsĬapital One doesn’t provide any specific information on its website about annual percentage rates (APRs). In most cases, the creditor won’t finance the purchase of a vehicle with more than 120,000 miles. You can’t get a Capital One auto loan for cars with more than 149,999 miles on their odometers. While Capital One will finance the purchases of used vehicles, it sets some eligibility requirements around mileage. There are several automotive brands that don’t qualify for Capital One auto loans. You’ll need to look elsewhere for a loan meant for the following: And like most lenders, Capital One has a few restrictions on the types of vehicles it’ll finance. The company also won’t in any circumstances finance the purchase of cars through private sellers. With Capital One among the 10 largest banks in the U.S., Capital One Auto Finance reviews will naturally be somewhat mixed.Ĭapital One Purchase Loan Vehicle RestrictionsĬapital One Auto Finance is not available in Alaska or Hawaii. One rule of thumb with customer reviews is that as a company grows, it receives more complaints. They now are forcing me to get a duplicate title and any fees associated with the replacement.” “After paying on my car loan in a timely manner and paying it off early, lost my title by being cheap and using first-class mail. I have been trying to make a corporate complaint, and it has gone. Upon moving to Florida, I had to call and request my title and was told 49 days, and it’s past 90 days, and I’m still being told it’s coming. “I refinanced my vehicle back in October 2020 and to this day have not received my title. Here are two Capital One Auto Finance reviews that speak to the company’s potential pitfalls: Not everyone has enjoyed their experience getting a Capital One auto loan. via Trustpilot Negative Capital One Auto Finance Reviews My credit was literally beyond bad, and thanks to Capital One, I am on the right track and my credit score keeps going up.” That experience alone was the I have ever had. “I recently was approved … and now have a new car. I’ve had two auto loans with them, and both times they worked hard to give me a significantly better interest rate than the other lenders.” “Every time I use, I have a good experience. Here are two that we considered worth sharing: While Capital One Auto Finance reviews from customers are mixed, we found plenty of upbeat reviews.
Positive Capital One Auto Finance Reviews Below are some Capital One Auto Finance reviews that we found during our research.
Customer service capital one auto finance drivers#
Capital One Auto Finance reviews range from customers expressing their satisfaction with low interest rates to drivers saying that Capital One lost their car titles in the mail.
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