{"id":384927,"date":"2023-02-21T05:00:00","date_gmt":"2023-02-21T10:00:00","guid":{"rendered":"https:\/\/www.automoblog.com\/\/?p=384927"},"modified":"2023-11-21T09:44:55","modified_gmt":"2023-11-21T14:44:55","slug":"capital-one-auto-finance-reviews","status":"publish","type":"post","link":"https:\/\/www.automoblog.com\/capital-one-auto-finance-reviews\/","title":{"rendered":"Capital One Auto Finance Review"},"content":{"rendered":"\n<p><em><strong><em>Affiliate Disclosure:<\/em><\/strong><em> Automoblog and its partners may earn a commission if you get an auto loan through the lenders outlined below. These commissions come to us at no additional cost to you. Our research team has carefully vetted dozens of auto lenders. See our <\/em><a href=\"https:\/\/www.automoblog.com\/about\/privacy-policy\/\"><em>Privacy Policy<\/em><\/a><em> to learn more.\u00a0<\/em><\/em><\/p>\n\n\n\n<p>Our review team gave Capital One Auto Finance <strong>4.5 out of 5.0 stars<\/strong> for its easy loan prequalification service and many auto loan financing options.<\/p>\n\n\n<div class=\"lets-review-block__wrap lets-review-block__wrap-10 lr-cf lets-review-wrap-384927 lets-review--center lets-review-skin-1 lets-review-design-6 lets-review-ani-1 lets-review-score-type-3 lets-review-type-2 lets-review-score-type__icon\" data-design=\"6\" data-score-type=\"3\" data-skin=\"1\"><div class=\"lets-review-block lets-review-block__img\"\"><img decoding=\"async\" width=\"1700\" height=\"1135\" src=\"https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road.jpg\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road.jpg 1700w, https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road-1536x1026.jpg 1536w, https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road-360x240.jpg 360w, https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road-500x334.jpg 500w, https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road-550x367.jpg 550w, https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road-585x391.jpg 585w, https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road-600x401.jpg 600w, https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road-623x416.jpg 623w, https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road-700x467.jpg 700w, https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road-750x501.jpg 750w, https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road-524x350.jpg 524w, https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road-1155x770.jpg 1155w, https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road-300x200.jpg 300w, https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road-770x514.jpg 770w, https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road-1024x684.jpg 1024w, https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road-370x247.jpg 370w, https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road-293x196.jpg 293w, https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road-1400x935.jpg 1400w, https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road-330x220.jpg 330w, https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road-375x250.jpg 375w, https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road-200x134.jpg 200w\" sizes=\"(max-width: 1700px) 100vw, 1700px\"><\/div><div class=\"lets-review-block lets-review-block__main-title lr-vc lets-review-block__pad\"><div class=\"lets-review-block__title lr-font-h\" style=\"\">Capital One Auto Finance Review<\/div><\/div><div class=\"lets-review-block lets-review-block__conclusion__wrap lets-review-block__pad\"><div class=\"lets-review-block__conclusion__title lets-review-block__title lr-font-h\" style=\"\">In Our Opinion:<\/div><div class=\"lets-review-block__conclusion\">Whether you\u2019re worried about subprime credit hindering your ability to get an auto loan or you simply want an auto loan rate estimate, Capital One Auto Finance might be a good option.<\/div><\/div><div class=\"lets-review-block lets-review-block__crits lets-review-unseen\"><div class=\"lets-review-block__crit level-10 level-granular-8\" data-score=\"80\" data-crit=\"0\"><div class=\"lets-review-block__crit__title lr-font-h\" style=\"\">Loan Terms:<\/div><div class=\"score-overlay-wrap score-overlay-wrap__icon\" style=\"color: #e91538;\"><i class=\"tipi-i-star2\"><\/i><i class=\"tipi-i-star2\"><\/i><i class=\"tipi-i-star2\"><\/i><i class=\"tipi-i-star2\"><\/i><i class=\"tipi-i-star2\"><\/i><div class=\"score-overlay\" style=\"width:20%\"><\/div><\/div><\/div><div class=\"lets-review-block__crit level-10 level-granular-8\" data-score=\"80\" data-crit=\"1\"><div class=\"lets-review-block__crit__title lr-font-h\" style=\"\">Rates and Fees:<\/div><div class=\"score-overlay-wrap score-overlay-wrap__icon\" style=\"color: #e91538;\"><i class=\"tipi-i-star2\"><\/i><i class=\"tipi-i-star2\"><\/i><i class=\"tipi-i-star2\"><\/i><i class=\"tipi-i-star2\"><\/i><i class=\"tipi-i-star2\"><\/i><div class=\"score-overlay\" style=\"width:20%\"><\/div><\/div><\/div><div class=\"lets-review-block__crit level-10 level-granular-10\" data-score=\"100\" data-crit=\"2\"><div class=\"lets-review-block__crit__title lr-font-h\" style=\"\">Loan Availability:<\/div><div class=\"score-overlay-wrap score-overlay-wrap__icon\" style=\"color: #e91538;\"><i class=\"tipi-i-star2\"><\/i><i class=\"tipi-i-star2\"><\/i><i class=\"tipi-i-star2\"><\/i><i class=\"tipi-i-star2\"><\/i><i class=\"tipi-i-star2\"><\/i><div class=\"score-overlay\" style=\"width:0%\"><\/div><\/div><\/div><div class=\"lets-review-block__crit level-5 level-granular-6\" data-score=\"60\" data-crit=\"3\"><div class=\"lets-review-block__crit__title lr-font-h\" style=\"\">Customer Experience:<\/div><div class=\"score-overlay-wrap score-overlay-wrap__icon\" style=\"color: #e91538;\"><i class=\"tipi-i-star2\"><\/i><i class=\"tipi-i-star2\"><\/i><i class=\"tipi-i-star2\"><\/i><i class=\"tipi-i-star2\"><\/i><i class=\"tipi-i-star2\"><\/i><div class=\"score-overlay\" style=\"width:40%\"><\/div><\/div><\/div><\/div><div class=\"lets-review-block lets-review-block__proscons lets-review-block__pad\"><div class=\"lets-review-block__pros\"><div class=\"proscons__title lets-review-block__title lr-font-h\" style=\"\">Pros:<\/div><div class=\"lets-review-block__procon lets-review-block__pro\">Easy loan prequalification process with a soft credit check<\/div><div class=\"lets-review-block__procon lets-review-block__pro\">New and used car financing, along with refinancing options<\/div><\/div><div class=\"lets-review-block__cons\"><div class=\"proscons__title lets-review-block__title lr-font-h\" style=\"\">Cons:<\/div><div class=\"lets-review-block__procon lets-review-block__con\">Limited selection of vehicles and participating dealerships<\/div><div class=\"lets-review-block__procon lets-review-block__con\">Doesn\u2019t allow purchases from private party sellers<\/div><\/div><\/div><div class=\"lets-review-block lets-review-block__final-score lets-review-block__final-score-type-3 lets-review-block__pad score-level-8\"><div class=\"score__wrap lr-all-c\" style=\"background:#e91538; color: #fff\"><div class=\"score-overlay-wrap score-overlay-wrap__icon\"><i class=\"tipi-i-star2\"><\/i><i class=\"tipi-i-star2\"><\/i><i class=\"tipi-i-star2\"><\/i><i class=\"tipi-i-star2\"><\/i><i class=\"tipi-i-star2\"><\/i><div class=\"score-overlay\" style=\"width:20%\"><\/div><\/div><div class=\"score\">4<\/div><\/div><\/div><\/div><script type=\"application\/ld+json\">{\"@context\": \"http:\/\/schema.org\/\",\n\t\t\t\"@type\": \"Organization\",\n\t\t\t\"name\": \"Capital One Auto Finance Review\",\"image\": [\n\t\t\t\t\"https:\/\/www.automoblog.com\/wp-content\/uploads\/2019\/08\/Car-driving-down-the-road.jpg\"\n\t\t\t],\"review\": {\n\t\t\t\t\"@type\": \"Review\",\n\t\t\t\t\"reviewRating\": {\n\t\t\t\t\t\"@type\": \"Rating\",\n\t\t\t\t\t\"worstRating\": \"0\",\n\t\t\t\t\t\"ratingValue\": \"4\",\n\t\t\t\t\t\"bestRating\": \"5\"\n\t\t\t\t},\n\t\t\t\t\"author\": {\n\t\t\t\t\t\"@type\": \"Person\",\n\t\t\t\t\t\"name\": \"Kristin McClure\"\n\t\t\t\t}\n\t\t\t}}<\/script>\n\n\n\n<p>Capital One auto loans are a popular choice for financing and refinancing cars, as the lender is one of the world\u2019s largest financial institutions. Remember, however, that the company is just one of many options for car loans.<\/p>\n\n\n\n<p>To help you evaluate Capital One Auto Finance for yourself, our team took an in-depth look at the car financing provider. We examined the company\u2019s rates, requirements, services, and customer reviews to see how it compares with some of the industry&#8217;s <a href=\"https:\/\/www.automoblog.com\/reviews\/loans\/best-auto-loan-rates\/\" target=\"_blank\" rel=\"noreferrer noopener\">best auto loan<\/a> options.<\/p>\n\n\n\n\n\n<h2 class=\"wp-block-heading\">About Capital One<\/h2>\n\n\n\n<p>Capital One is a well-known financial institution with services that include banking, credit cards, and loans. Co-founded in 1994 by Richard Fairbank and Nigel Morris, the company is the ninth largest bank in the U.S., according to the Federal Reserve.<\/p>\n\n\n\n<p>Capital One moved its headquarters to McLean, Virginia, in 2018 and operated over 2,000 ATMs as of late 2020.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Capital One Auto Finance Review<\/h2>\n\n\n\n<p>Capital One is accredited by the Better Business Bureau (BBB) and currently has an A- rating from the group. The BBB has fielded over 10,000 complaints against Capital One in the past three years, a large number even considering the company&#8217;s size.<\/p>\n\n\n\n<p>Customers on the BBB give Capital One <strong>1.1 out of 5.0 stars<\/strong> across more than 1,100 reviews. On Trustpilot, the bank has a 1.3- out of 5.0-star rating from more than 1,800 customers.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Capital One Auto Loan Customer Reviews<\/h3>\n\n\n\t<div class=\"three_ships_widget-wrapper collapsable_content_widget\" id=\"collapsable_content_widget-block_d14d05924390b34a707a99586ce95aee\" style=\"height: 235px;\">\n\t\n\n\n<p>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. Below are some Capital One Auto Finance reviews that we found during our research.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Positive Capital One Auto Finance Reviews<\/strong><\/h4>\n\n\n\n<p>While Capital One Auto Finance reviews from customers are mixed, we found plenty of upbeat reviews. Here are two that we considered worth sharing:<\/p>\n\n\n\n<p><em>\u201cEvery time I use [Capital One], I have a good experience. I\u2019ve had two auto loans with them, and both times they worked hard to give me a significantly better interest rate than the other lenders.<\/em>\u201d<\/p>\n\n\n\n<p>\u2013 Reese T. via BBB<\/p>\n\n\n\n<p><em>\u201cI recently was approved \u2026 and now have a new car. That experience alone was the [best] I have ever had. My credit was literally beyond bad, and thanks to Capital One, I am on the right track and my credit score keeps going up.\u201d<\/em><\/p>\n\n\n\n<p>\u2013 Susie Y. via Trustpilot<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Negative Capital One Auto Finance Reviews<\/strong><\/h4>\n\n\n\n<p>Not everyone has enjoyed their experience getting a Capital One auto loan. Here are two Capital One Auto Finance reviews that speak to the company&#8217;s potential pitfalls:<\/p>\n\n\n\n<p><em>\u201cI refinanced my vehicle back in October 2020 and to this day have not received my title. Upon moving to Florida, I had to call and request my title and was told 49 days, and it\u2019s past 90 days, and I\u2019m still being told it\u2019s coming. I have been trying to make a corporate complaint, and it has gone [nowhere]<\/em>.\u201d<\/p>\n\n\n\n<p>\u2013 Robert G. via BBB<\/p>\n\n\n\n<p><em>\u201cAfter paying on my car loan in a timely manner and paying it off early, [Capital One] lost my title by being cheap and using first-class mail. They now are forcing me to get a duplicate title and [pay] any fees associated with the replacement.\u201d<\/em><\/p>\n\n\n\n<p>\u2013 John D. via Trustpilot<\/p>\n\n\n\n<p>One rule of thumb with customer reviews is that as a company grows, it receives more complaints. With Capital One among the 10 largest banks in the U.S., Capital One Auto Finance reviews will naturally be somewhat mixed.<\/p>\n\n\n\t\t<div class=\"show-more-bar\">\n\t\t\t<span>Show more<\/span>\n\t\t\t<span>Show less<\/span>\n\t\t<\/div>\n\t<\/div>\n\t\n\n\n<h3 class=\"wp-block-heading\">Capital One Auto Finance Pros and Cons<\/h3>\n\n\n\n<p>Capital One is an excellent choice for many due to its easy prequalification tool and lack of fees when applying. You can also compare rates without hurting your credit score. This makes Capital One Auto Finance more borrower-friendly than many car loan providers.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-regular\"><table class=\"has-fixed-layout\"><thead><tr><th>Capital One Auto Loan Pros<\/th><th>Capital One Auto Loan Cons<\/th><\/tr><\/thead><tbody><tr><td>Excellent way to compare rates without lowering your credit score<\/td><td>Many negative Capital One Auto Finance reviews<\/td><\/tr><tr><td>Easy-to-use prequalification tool<\/td><td>No lease buyouts or private sellers<\/td><\/tr><tr><td>No application fee<\/td><td>Not available in every state<\/td><\/tr><tr><td>Easy to consolidate if you already bank with Capital One<\/td><td>Excludes some vehicle types and brands<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Auto Loans 101: The QUICK &amp; EASY Guide (Plus Helpful Tips!)\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/Ttoh34sKFu0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Capital One Auto Finance Loan Options<\/h2>\n\n\n\n<p>As a major financial institution, Capital One offers several auto financing options. Borrowers can reach out to the lender to purchase a new car or to refinance their current auto loan.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Capital One Auto Purchase Loans<\/h3>\n\n\n\n<p>You can borrow money from Capital One to purchase a new or used vehicle. This includes cars, light trucks, minivans, and SUVs intended for personal use.<\/p>\n\n\n\n<p>Unlike some other lenders, however, you\u2019ll need to buy your car from a participating dealership. The company provides a tool called the Capital One Auto Navigator to help you find eligible dealers and cars.<\/p>\n\n\n\t<div class=\"three_ships_widget-wrapper collapsable_content_widget\" id=\"collapsable_content_widget-block_d14d05924390b34a707a99586ce95aee\" style=\"height: 235px;\">\n\t\n\n\n<h4 class=\"wp-block-heading\">Capital One Purchase Loan Vehicle Restrictions<\/h4>\n\n\n\n<p>Capital One Auto Finance is not available in Alaska or Hawaii. The company also won\u2019t in any circumstances finance the purchase of cars through private sellers. And like most lenders, Capital One has a few restrictions on the types of vehicles it&#8217;ll finance.<\/p>\n\n\n\n<p>You&#8217;ll need to look elsewhere for a loan meant for the following:<\/p>\n\n\n\n<ul>\n<li>Commercial vehicles<\/li>\n\n\n\n<li><span style=\"font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen-Sans, Ubuntu, Cantarell, &quot;Helvetica Neue&quot;, sans-serif;\">Motorcycles<\/span><\/li>\n\n\n\n<li>Motorhomes<\/li>\n\n\n\n<li>Recreational vehicles (RVs)<\/li>\n\n\n\n<li>All-terrain vehicles (ATVs)<\/li>\n\n\n\n<li>Boats<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Capital One Brand Restrictions<\/h4>\n\n\n\n<p>There are several automotive brands that don&#8217;t qualify for Capital One auto loans. These include the following:<\/p>\n\n\n\n<ul>\n<li>Isuzu<\/li>\n\n\n\n<li>Oldsmobile<\/li>\n\n\n\n<li>Saab<\/li>\n\n\n\n<li>Suzuki<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Capital One Used Car Loan Restrictions<\/h4>\n\n\n\n<p>While Capital One will finance the purchases of used vehicles, it sets some eligibility requirements around mileage.<\/p>\n\n\n\n<p>You can\u2019t get a Capital One auto loan for cars with more than 149,999 miles on their odometers. In most cases, the creditor won\u2019t finance the purchase of a vehicle with more than 120,000 miles.<\/p>\n\n\n\t\t<div class=\"show-more-bar\">\n\t\t\t<span>Show more<\/span>\n\t\t\t<span>Show less<\/span>\n\t\t<\/div>\n\t<\/div>\n\t\n\n\n<h3 class=\"wp-block-heading\">Capital One Auto Refinance Loans<\/h3>\n\n\n\n<p>You can also refinance an existing loan with Capital One if you want to lower your loan payments or receive different financing terms. Vehicles eligible for Capital One auto refinancing include new and used cars, light trucks, minivans, and SUVs meant for personal use.<\/p>\n\n\n\t<div class=\"three_ships_widget-wrapper collapsable_content_widget\" id=\"collapsable_content_widget-block_d14d05924390b34a707a99586ce95aee\" style=\"height: 235px;\">\n\t\n\n\n<h4 class=\"wp-block-heading\">Refinance Loan Restrictions<\/h4>\n\n\n\n<p>As with auto purchases, Capital One has several restrictions when it comes to auto refinancing. These include:<\/p>\n\n\n\n<ul>\n<li>Your current loan cannot be from Capital One Auto Finance.<\/li>\n\n\n\n<li>Your car must be from a manufacturer that&#8217;s still in business.<\/li>\n\n\n\n<li>The payoff amount for the existing loan must be between $7,500 and $50,000.<\/li>\n\n\n\n<li>You must be up to date on car payments and mortgage payments, if applicable.<\/li>\n\n\n\n<li>The vehicle must be a model year no more than 10 years old and have an established resale value.<\/li>\n\n\n\n<li>Your current lender must report to a major credit bureau.<\/li>\n\n\n\n<li>Your current lender must be insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Association (NCUA).<\/li>\n\n\n\n<li>Your current lender must be accredited by the BBB.<\/li>\n\n\n\n<li>Your current lender must be be a state-registered auto lender or auto dealer.<\/li>\n<\/ul>\n\n\n\t\t<div class=\"show-more-bar\">\n\t\t\t<span>Show more<\/span>\n\t\t\t<span>Show less<\/span>\n\t\t<\/div>\n\t<\/div>\n\t\n\n\n<h2 class=\"wp-block-heading\">Capital One Auto Loan Rates and Terms<\/h2>\n\n\n\n<p>Capital One doesn&#8217;t provide any specific information on its website about annual percentage rates (APRs). Here\u2019s what we do know about the lender:<\/p>\n\n\n\n<ul>\n<li><strong>Loan terms<\/strong>:<strong> <\/strong>24 to 84 months (other terms may be available at the dealership when purchasing a vehicle)<\/li>\n\n\n\n<li><strong>Loan amounts<\/strong>:<strong> <\/strong>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)<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">What Affects My Auto Loan Rates?<\/h3>\n\n\n\n<p>The rates you receive from auto lenders like Capital One depend on the following variables:<\/p>\n\n\n\n<ul>\n<li><strong>Credit history<\/strong>: Your credit score and other items on your credit report are some of biggest factors in your 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.<\/li>\n\n\n\n<li><strong>Term length<\/strong>: Longer loan terms come with lower monthly payments but higher interest rates.<\/li>\n\n\n\n<li><strong>Amount financed<\/strong>: How much you borrow on a vehicle compared to its total value is known as the loan-to-value (LTV) ratio. Loans with lower LTV ratios often come with lower interest rates and vice-versa.<\/li>\n\n\n\n<li><strong>Vehicle details<\/strong>: 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.<\/li>\n\n\n\n<li><strong>Income<\/strong>: Many lenders offer lower APRs to borrowers who make more money compared to their monthly payment obligations.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Capital One Auto Loan Fees<\/h3>\n\n\n\n<p>Capital One charges relatively few fees on its auto loans. Here are a few of them:<\/p>\n\n\n\n<ul>\n<li><strong>Origination fee<\/strong>: Many lenders charge a fee for the paperwork and other services associated with opening a loan. Capital One charges this fee to some borrowers but not to others.<\/li>\n\n\n\n<li><strong>Late payment fee<\/strong>: Capital One charges $29 on the first late fee and $40 for late payments within six billing cycles.<\/li>\n<\/ul>\n\n\n\n<p>Some financial institutions charge borrowers a fee known as a prepayment penalty for paying their loan off ahead of time. This helps the car lender to make up for lost interest payments. Capital One doesn&#8217;t charge a prepayment penalty.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How To Apply For a Capital One Auto Loan<\/h2>\n\n\n\t<div class=\"three_ships_widget-wrapper collapsable_content_widget\" id=\"collapsable_content_widget-block_d14d05924390b34a707a99586ce95aee\" style=\"height: 235px;\">\n\t\n\n\n<p>The processes for getting car purchase loans and refinance loans from Capital One are simple. There are a just few steps to make sure you get the best auto loan rates:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1. Get Prequalified<\/h3>\n\n\n\n<p>The first step in the Capital One Auto Finance process is to fill out the prequalification form available on the Capital One Auto Navigator app. This form asks for information such as your Social Security number, employment status, monthly income, and proposed down payment.<\/p>\n\n\n\n<p>Once you provide this information, the company performs a soft credit check that won&#8217;t affect your credit score. This prequalification is the first step and does not guarantee a loan.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2. Get Preapproved<\/h3>\n\n\n\n<p>After that, Capital One will show you the offers that you&#8217;re likely to receive preapproval for. You can select the offer that looks best to you from these options. Then, Capital One will perform a hard inquiry on your credit to verify information.<\/p>\n\n\n\n<p>Unlike a soft inquiry, a hard credit check does affect your credit score. However, funds for an auto loan are essentially guaranteed once you make it through a preapproval.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3. Choose a Car<\/h3>\n\n\n\n<p>Now that you know your budget and have a preapproval in hand, it\u2019s time to go car shopping through Capital One\u2019s partner dealership network. For the most part, you can choose any vehicle that fits your budget and the company\u2019s lending requirements.<\/p>\n\n\n\n<p>When you find a car that you want, make sure to get its vehicle identification number (VIN). Capital One will use the VIN to ensure that the car is eligible for financing. This is also the case if you&#8217;re looking to refinance your car.<\/p>\n\n\n\n<p>You don\u2019t have to max out your purchase budget, and most financial advisors recommend that you don\u2019t. Going with a more affordable car leaves room in your budget for unexpected expenses and life changes that could happen over the life of the loan.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4. Sign Your Auto Loan<\/h3>\n\n\n\n<p>Once you\u2019ve been approved and have found the car you want, it&#8217;s almost time to sign your car loan. As long as the chosen vehicle meets all requirements, you&#8217;ll be able to make your loan agreement official with a signature.<\/p>\n\n\n\n<p>The list of required documents to complete the sale varies by state and sometimes by dealer. Many dealerships take care of the paperwork for you, but it\u2019s a good idea to ask what your responsibilities are just in case. Also, be aware that until you pay off the loan, Capital One will own the title to your car.<\/p>\n\n\n\t\t<div class=\"show-more-bar\">\n\t\t\t<span>Show more<\/span>\n\t\t\t<span>Show less<\/span>\n\t\t<\/div>\n\t<\/div>\n\t\n\n\n<h3 class=\"wp-block-heading\">Capital One Auto Loan Eligibility Requirements<\/h3>\n\n\n\n<p>Capital One doesn&#8217;t officially have a minimum credit score for borrowers. In fact, Capital One may be a solid choice if you have a credit score between 501 and 600 and are looking for a <a href=\"https:\/\/www.automoblog.com\/reviews\/loans\/bad-credit-car-loans\/\" target=\"_blank\" rel=\"noreferrer noopener\"><u>bad credit car loan<\/u><\/a>.<\/p>\n\n\n\n<p>In 2016, The Washington Post reported that approximately half of Capital One\u2019s auto loans went to <a href=\"https:\/\/www.washingtonpost.com\/business\/capitalbusiness\/2016\/07\/29\/ee00550a-5047-11e6-a422-83ab49ed5e6a_story.html\" target=\"_blank\" rel=\"noreferrer noopener\"><u>subprime borrowers<\/u><\/a>. So if you\u2019re worried about qualifying for a loan, Capital One may be more forgiving than the average lender.<\/p>\n\n\n\n<p>Capital One does, however, have a minimum monthly income requirement. Borrowers must make at least $1,500 or $1,800 each month to qualify, depending on their credit score.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Capital One Auto Finance: Conclusion<\/h2>\n\n\n\n<p>A Capital One auto loan is a great choice for many borrowers, especially for those with less-than-stellar credit scores. The ability to find your rates without having to fill out a credit application means that you can consider the company without hurting your credit score.<\/p>\n\n\n\n<p>Capital One\u2019s system of partner dealerships can make for a smooth shopping experience. It does, however, seriously limit options for the cars that you can purchase.<\/p>\n\n\n\n<p>Our team thinks that Capital One Auto Finance is an option worth considering for everyone. Finding out the APRs and terms available to you comes with almost no risk and some borrowers may find their best rates from Capital One.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Recommended Alternative to Capital One<\/h3>\n\n\n\n<p>Capital One is a well-regarded auto lender, but it isn\u2019t the only one. Since rates vary considerably, it\u2019s a good idea to shop around or use a <a href=\"https:\/\/www.automoblog.com\/reviews\/loans\/car-loan-calculator\/\">car loan calculator<\/a> to get more offers. Getting multiple hard credit checks within a short period of time has the same impact as getting one, so there\u2019s little downside to doing so.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">myAutoloan: Best Loan Marketplace<\/h4>\n\n\n\n<p>Rather than a single provider or car broker, myAutoloan is an auto lending marketplace. Borrowers can enter their information into the site and quickly receive offers from multiple lenders. This makes it easy to compare those offers and inspires lenders to be more competitive with their rates.<\/p>\n\n\n\n<p>Keep reading: <a href=\"https:\/\/www.automoblog.com\/reviews\/loans\/myautoloan\/\" target=\"_blank\" rel=\"noreferrer noopener\">myAutoloan review<\/a><\/p>\n\n\n<div class=\"three_ships_widget-wrapper loans_table_widget\" id=\"comparison_widget-block_18095899c137be093dce153d60caf84e\">\n    <div class=\"three_ships_widget-table\">\n        <div class=\"table-head\"><\/div>\n        <div class=\"table-body\">\n            <div class=\"table-column\">\n                <div class=\"content\">\n                    <div class=\"title\">\n                        <h4>Compare Auto Loan Rates<\/h4>\n                    <\/div>\n                    <div class=\"text\"><p>Compare which options fit your budget, credit score, and term length below. <\/p><\/div>\n                <\/div>\n                                    <div class=\"filters\">\n                                                <div class=\"field-group\">\n                            <div class=\"field\">\n                                <div class=\"label\">Loan Term<\/div>\n                                <div class=\"field-list\">\n                                    <span>All<\/span>\n                                    <ul>\n                                        <li data-value=\"*\" data-type=\"loan-term\" class=\"active\">All<\/li>\n                                                                                    <li data-value=\"36-72\" data-type=\"loan-term\">36 to 72 months<\/li>\n                                                                                    <li data-value=\"48-84\" data-type=\"loan-term\">48 to 84 months<\/li>\n                                                                                    <li data-value=\"24-84\" data-type=\"loan-term\">24 to 84 months<\/li>\n                                                                            <\/ul>\n                                <\/div>\n                            <\/div>\n                        <\/div>\n                                                <div class=\"field-group\">\n                            <div class=\"field\">\n                                <div class=\"label\">Min. Credit Score<\/div>\n                                <div class=\"field-list\">\n                                    <span>All<\/span>\n                                    <ul>\n                                        <li data-value=\"*\" data-type=\"credit-score\" class=\"active\">All<\/li>\n                                                                                    <li data-value=\"500\" data-type=\"credit-score\">500<\/li>\n                                                                                    <li data-value=\"510\" data-type=\"credit-score\">510<\/li>\n                                                                                    <li data-value=\"550\" data-type=\"credit-score\">550<\/li>\n                                                                                    <li data-value=\"575\" data-type=\"credit-score\">575<\/li>\n                                                                                    <li data-value=\"640\" data-type=\"credit-score\">640<\/li>\n                                                                            <\/ul>\n                                <\/div>\n                            <\/div>\n                        <\/div>\n                                            <\/div>\n                                    <div class=\"table-wrapper\">\n                    <div class=\"brands\">\n                                                <div class=\"brands-head\">\n                            <div class=\"head-row\">\n                                                                <div class=\"th brand\">\n                                    <div class=\"head\">Brand<\/div>\n                                <\/div>\n                                \n                                                                <div class=\"th min-cred-score\">\n                                    <div class=\"head\">Min Cred Score<\/div>\n                                <\/div>\n                                                                <div class=\"th min-rate-term\">\n                                    <div class=\"head\">Min Rate Term<\/div>\n                                <\/div>\n                                                                <div class=\"th min-apr\">\n                                    <div class=\"head\">Min APR*<\/div>\n                                <\/div>\n                                                                <div class=\"th features\">\n                                    <div class=\"head\">Features<\/div>\n                                <\/div>\n                                                                <div class=\"th links\">\n                                    <div class=\"head\">Links<\/div>\n                                <\/div>\n                            <\/div>\n                        <\/div>\n                                                <div class=\"brands-rows\">\n                                                    <div class=\"brand-row\" data-loan-type=\"2\" data-loan-term=\"36-72\" data-credit-score=\"500\">\n                                <div class=\"td brand\">\n                                                                        <div class=\"logo\">\n                                                                                    <h6>Used Car Loan<\/h6>\n                                        <a data-segment-action=\"click\" href=\"https:\/\/www.autocreditexpress.com\/apply\/lpgs\/cb0516_a\/?affid=ap005201&amp;subid=capital-one-auto-finance-reviews-amb\" target=\"_blank\" rel=\"noopener sponsored nofollow\">                                        <img decoding=\"async\" src=\"https:\/\/www.automoblog.com\/wp-content\/uploads\/2022\/04\/ace.png\" alt=\"ace\">\n                                        <\/a>                                    <\/div>\n                                                                    <\/div>\n                                                                    <div class=\"td min-cred-score\">\n                                        <div class=\"cell\">\n                                            <div class=\"label\">\n                                                Min <br class=\"d-hide\"> Cred Score                                            <\/div>\n                                            <div class=\"value\">500<\/div>\n                                        <\/div>\n                                    <\/div>\n                                     \n                                    <div class=\"td min-rate-term\">\n                                                                                <div class=\"cell\">\n                                            <div class=\"label\">\n                                                Min <br class=\"d-hide\"> Rate Term  \n                                            <\/div>\n                                            <div class=\"value\">36 to 72 months<\/div>\n                                        <\/div>\n                                    <\/div>\n                                                                        <div class=\"td min-apr\">\n                                        <div class=\"cell\">\n                                            <div class=\"label\">\n                                                Min <br class=\"d-hide\"> APR* \n                                            <\/div>\n                                            <div class=\"value\">3.99%<\/div>\n                                        <\/div>\n                                    <\/div>\n                                                                    <div class=\"td features\">\n                                                                        <div class=\"text\">\n                                        <ul>\n                                                                                    <li>Great for customers with limited\/no credit<\/li>\n                                                                                    <li>Offers special military rates<\/li>\n                                                                                    <li>A+ BBB rating<\/li>\n                                                                                <\/ul>\n                                    <\/div>\n                                                                    <\/div>\n                                <div class=\"td links\">\n                                    <div style=\"display: block;height: 10px; width: 10px;\">&nbsp;<\/div>\n                                                                        <a data-segment-action=\"click\" class=\"btn btn-primary small\" href=\"https:\/\/www.autocreditexpress.com\/apply\/lpgs\/cb0516_a\/?affid=ap005201&amp;subid=capital-one-auto-finance-reviews-amb\" target=\"_blank\" rel=\"noopener sponsored nofollow\">See Rates<\/a>\n                                                                    <\/div>\n                            <\/div>\n                                                        <div class=\"brand-row\" data-loan-type=\"0\" data-loan-term=\"48-84\" data-credit-score=\"550\">\n                                <div class=\"td brand\">\n                                                                        <div class=\"logo\">\n                                                                                    <h6>Refinance Loan<\/h6>\n                                        <a data-segment-action=\"click\" href=\"https:\/\/www.refijet.com\/vip\/3-ships-blog\" target=\"_blank\" rel=\"noopener sponsored nofollow\">                                        <img decoding=\"async\" src=\"https:\/\/www.automoblog.com\/wp-content\/uploads\/2022\/11\/RefiJet.png\" alt=\"RefiJet\">\n                                        <\/a>                                    <\/div>\n                                                                    <\/div>\n                                                                    <div class=\"td min-cred-score\">\n                                        <div class=\"cell\">\n                                            <div class=\"label\">\n                                                Min <br class=\"d-hide\"> Cred Score                                            <\/div>\n                                            <div class=\"value\">550<\/div>\n                                        <\/div>\n                                    <\/div>\n                                     \n                                    <div class=\"td min-rate-term\">\n                                                                                <div class=\"cell\">\n                                            <div class=\"label\">\n                                                Min <br class=\"d-hide\"> Rate Term  \n                                            <\/div>\n                                            <div class=\"value\">48 to 84 months<\/div>\n                                        <\/div>\n                                    <\/div>\n                                                                        <div class=\"td min-apr\">\n                                        <div class=\"cell\">\n                                            <div class=\"label\">\n                                                Min <br class=\"d-hide\"> APR* \n                                            <\/div>\n                                            <div class=\"value\">5.29%<\/div>\n                                        <\/div>\n                                    <\/div>\n                                                                    <div class=\"td features\">\n                                                                        <div class=\"text\">\n                                        <ul>\n                                                                                    <li>Average monthly savings of $150<\/li>\n                                                                                    <li>Work with personal loan concierge to compare options<\/li>\n                                                                                    <li>A+ BBB Rating<\/li>\n                                                                                <\/ul>\n                                    <\/div>\n                                                                    <\/div>\n                                <div class=\"td links\">\n                                    <div style=\"display: block;height: 10px; width: 10px;\">&nbsp;<\/div>\n                                                                        <a data-segment-action=\"click\" class=\"btn btn-primary small\" href=\"https:\/\/www.refijet.com\/vip\/3-ships-blog\" target=\"_blank\" rel=\"noopener sponsored nofollow\">See Rates<\/a>\n                                                                    <\/div>\n                            <\/div>\n                                                        <div class=\"brand-row\" data-loan-type=\"0\" data-loan-term=\"24-84\" data-credit-score=\"640\">\n                                <div class=\"td brand\">\n                                                                        <div class=\"logo\">\n                                                                                    <h6>Refinance Loan<\/h6>\n                                        <a data-segment-action=\"click\" href=\"https:\/\/gravitylending.com\/marketwatchoffers\/?tracking_id=amb&#038;sub_id=capital-one-auto-finance-reviews\" target=\"_blank\" rel=\"noopener sponsored nofollow\">                                        <img decoding=\"async\" src=\"https:\/\/www.automoblog.com\/wp-content\/uploads\/2023\/08\/gravity-lending.png\" alt=\"gravity lending\">\n                                        <\/a>                                    <\/div>\n                                                                    <\/div>\n                                                                    <div class=\"td min-cred-score\">\n                                        <div class=\"cell\">\n                                            <div class=\"label\">\n                                                Min <br class=\"d-hide\"> Cred Score                                            <\/div>\n                                            <div class=\"value\">640<\/div>\n                                        <\/div>\n                                    <\/div>\n                                     \n                                    <div class=\"td min-rate-term\">\n                                                                                <div class=\"cell\">\n                                            <div class=\"label\">\n                                                Min <br class=\"d-hide\"> Rate Term  \n                                            <\/div>\n                                            <div class=\"value\">24 to 84 months<\/div>\n                                        <\/div>\n                                    <\/div>\n                                                                        <div class=\"td min-apr\">\n                                        <div class=\"cell\">\n                                            <div class=\"label\">\n                                                Min <br class=\"d-hide\"> APR* \n                                            <\/div>\n                                            <div class=\"value\">5.98%<\/div>\n                                        <\/div>\n                                    <\/div>\n                                                                    <div class=\"td features\">\n                                                                        <div class=\"text\">\n                                        <ul>\n                                                                                    <li>Customers save 26% monthly on average<\/li>\n                                                                                    <li>Fast &#038; secure application process<\/li>\n                                                                                    <li>Sign and upload documents electronically<\/li>\n                                                                                <\/ul>\n                                    <\/div>\n                                                                    <\/div>\n                                <div class=\"td links\">\n                                    <div style=\"display: block;height: 10px; width: 10px;\">&nbsp;<\/div>\n                                                                        <a data-segment-action=\"click\" class=\"btn btn-primary small\" href=\"https:\/\/gravitylending.com\/marketwatchoffers\/?tracking_id=amb&#038;sub_id=capital-one-auto-finance-reviews\" target=\"_blank\" rel=\"noopener sponsored nofollow\">See Rates<\/a>\n                                                                    <\/div>\n                            <\/div>\n                                                        <div class=\"brand-row\" data-loan-type=\"1\" data-loan-term=\"24-84\" data-credit-score=\"575\">\n                                <div class=\"td brand\">\n                                                                        <div class=\"logo\">\n                                                                                    <h6>New Car Loan<\/h6>\n                                        <a data-segment-action=\"click\" href=\"https:\/\/www.myautoloan.com\/partner\/three-ships.html?utm_distil=threeships&#038;source=threeships&#038;site=MAL&#038;type=new&#038;term=capital-one-auto-finance-reviews-amb\" target=\"_blank\" rel=\"noopener sponsored nofollow\">                                        <img decoding=\"async\" src=\"https:\/\/www.automoblog.com\/wp-content\/uploads\/2022\/04\/myautoloan.png\" alt=\"myautoloan\">\n                                        <\/a>                                    <\/div>\n                                                                    <\/div>\n                                                                    <div class=\"td min-cred-score\">\n                                        <div class=\"cell\">\n                                            <div class=\"label\">\n                                                Min <br class=\"d-hide\"> Cred Score                                            <\/div>\n                                            <div class=\"value\">575<\/div>\n                                        <\/div>\n                                    <\/div>\n                                     \n                                    <div class=\"td min-rate-term\">\n                                                                                <div class=\"cell\">\n                                            <div class=\"label\">\n                                                Min <br class=\"d-hide\"> Rate Term  \n                                            <\/div>\n                                            <div class=\"value\">24 to 84 months<\/div>\n                                        <\/div>\n                                    <\/div>\n                                                                        <div class=\"td min-apr\">\n                                        <div class=\"cell\">\n                                            <div class=\"label\">\n                                                Min <br class=\"d-hide\"> APR* \n                                            <\/div>\n                                            <div class=\"value\">4.75%<\/div>\n                                        <\/div>\n                                    <\/div>\n                                                                    <div class=\"td features\">\n                                                                        <div class=\"text\">\n                                        <ul>\n                                                                                    <li>Below-average credit scores<\/li>\n                                                                                    <li>Great interest rates<\/li>\n                                                                                    <li>Smooth and easy online experience<\/li>\n                                                                                <\/ul>\n                                    <\/div>\n                                                                    <\/div>\n                                <div class=\"td links\">\n                                    <div style=\"display: block;height: 10px; width: 10px;\">&nbsp;<\/div>\n                                                                        <a data-segment-action=\"click\" class=\"btn btn-primary small\" href=\"https:\/\/www.myautoloan.com\/partner\/three-ships.html?utm_distil=threeships&#038;source=threeships&#038;site=MAL&#038;type=new&#038;term=capital-one-auto-finance-reviews-amb\" target=\"_blank\" rel=\"noopener sponsored nofollow\">See Rates<\/a>\n                                                                    <\/div>\n                            <\/div>\n                                                        <div class=\"brand-row\" data-loan-type=\"0\" data-loan-term=\"24-84\" data-credit-score=\"510\">\n                                <div class=\"td brand\">\n                                                                        <div class=\"logo\">\n                                                                                    <h6>Refinance Loan<\/h6>\n                                        <a data-segment-action=\"click\" href=\"https:\/\/upstart-auto-loans.sjv.io\/c\/2784191\/1010480\/13251?subId1=capital-one-auto-finance-reviews\" target=\"_blank\" rel=\"noopener sponsored nofollow\">                                        <img decoding=\"async\" src=\"https:\/\/www.automoblog.com\/wp-content\/uploads\/2023\/08\/upstart-logo.png\" alt=\"upstart logo\">\n                                        <\/a>                                    <\/div>\n                                                                    <\/div>\n                                                                    <div class=\"td min-cred-score\">\n                                        <div class=\"cell\">\n                                            <div class=\"label\">\n                                                Min <br class=\"d-hide\"> Cred Score                                            <\/div>\n                                            <div class=\"value\">510<\/div>\n                                        <\/div>\n                                    <\/div>\n                                     \n                                    <div class=\"td min-rate-term\">\n                                                                                <div class=\"cell\">\n                                            <div class=\"label\">\n                                                Min <br class=\"d-hide\"> Rate Term  \n                                            <\/div>\n                                            <div class=\"value\">24 to 84 months<\/div>\n                                        <\/div>\n                                    <\/div>\n                                                                        <div class=\"td min-apr\">\n                                        <div class=\"cell\">\n                                            <div class=\"label\">\n                                                Min <br class=\"d-hide\"> APR* \n                                            <\/div>\n                                            <div class=\"value\">5.61%<\/div>\n                                        <\/div>\n                                    <\/div>\n                                                                    <div class=\"td features\">\n                                                                        <div class=\"text\">\n                                        <ul>\n                                                                                    <li>No application fee<\/li>\n                                                                                    <li>Lending platform that partners with banks<\/li>\n                                                                                    <li>Approval and loan terms based on many variables, including education and employment<\/li>\n                                                                                <\/ul>\n                                    <\/div>\n                                                                    <\/div>\n                                <div class=\"td links\">\n                                    <div style=\"display: block;height: 10px; width: 10px;\">&nbsp;<\/div>\n                                                                        <a data-segment-action=\"click\" class=\"btn btn-primary small\" href=\"https:\/\/upstart-auto-loans.sjv.io\/c\/2784191\/1010480\/13251?subId1=capital-one-auto-finance-reviews\" target=\"_blank\" rel=\"noopener sponsored nofollow\">See Rates<\/a>\n                                                                    <\/div>\n                            <\/div>\n                                                    <\/div>\n                    <\/div>\n                                    <\/div>\n            <\/div>\n        <\/div>\n        <div class=\"table-footer\">\n            <p>*All APR figures last updated on 3\/2\/2023 &#8211; please check partner sites for latest details. Your rate may vary based on credit score, credit history, and loan term.<\/p>        <\/div>\n    <\/div>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\">Capital One Car Loan Review: FAQ<\/h3>\n\n\n\n<p>Below are a few frequently asked questions about Capital One Auto Finance:<\/p>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1636474556193\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>Should I use Capital One Auto Finance?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Capital One Auto Finance can be useful for seeing what rates you qualify for without lowering your credit score. However, the company has a limited pool of vehicles for borrowers to choose from and it usually reserves the best rates for drivers with excellent credit.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1636474565089\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>Does Capital One Auto Finance require proof of income?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Depending on your credit score, you must earn at least $1,500 or $1,800 per month to qualify for Capital One auto financing.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1636474575983\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>Is Capital One Auto Finance a subprime lender?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>About half of Capital One auto loans go out to subprime borrowers, according to The Washington Post. Subprime borrowers are consumers with credit scores under 600.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1636474582745\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>Does Capital One Auto Finance work with private sellers?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Capital One doesn\u2019t allow for purchases from private party sellers or auto brokers, so those who qualify for Capital One Auto Finance are limited to car purchases at participating dealerships.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1636474588876\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>How accurate is Capital One auto prequalification?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Capital One\u2019s auto loan prequalification process only asks for basic information about the applicant and performs a soft credit check. Since this process isn\u2019t as thorough as a legitimate car loan application, the rates and vehicle options you see after prequalification may not be what you actually qualify for.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1636474594889\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>How accurate is Capital One auto preapproval?<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Getting preapproved for a Capital One loan doesn\u2019t mean that you\u2019ve sealed the deal. Participating dealers can still reject consumers and aren\u2019t tied to all the terms outlined in the preapproved loan offer.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\">Our Methodology<\/h3>\n\n\n\n<p>Our expert review team takes satisfaction in providing accurate and unbiased information. We identified the following rating categories based on consumer survey data and conducted extensive research to formulate rankings of the best auto loan providers.<\/p>\n\n\n\n<ul>\n<li><strong>Industry Standing<\/strong>:<strong> <\/strong>Trust and reliability are two of the most important qualities in a lender. Our team considers current industry ratings from organizations such as the Better Business Bureau (BBB) along with factors such as a company\u2019s age.<\/li>\n\n\n\n<li><strong>Availability<\/strong>:<strong> <\/strong>We examine how easy it is for borrowers to get a loan from each provider. Lenders that offer loans to meet a variety of customer needs receive high ratings.<\/li>\n\n\n\n<li><strong>Loan Details<\/strong>:<strong> <\/strong>Our researchers comb through the fine print to learn about the loan amounts, term lengths, and types of loans each provider offers.<\/li>\n\n\n\n<li><strong>Rates and Discounts<\/strong>: We take an in-depth look at the range of rates each provider offers for borrowers of different credit scores. Our team also factors in the discounts available with each lender.<\/li>\n\n\n\n<li><strong>Customer Service<\/strong>:<strong> <\/strong>Our team considers customer reviews and complaints when determining this score. We also consider the ease and availability of help online, over the phone, or in person.<\/li>\n<\/ul>\n\n\n\n<p><em>*Data accurate at time of publication.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Best known for credit cards, Capital One can also help you finance or refinance a car. See what Capital One Auto Finance reviews say about this side of the business.<\/p>\n","protected":false},"author":147,"featured_media":384943,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[58002],"tags":[],"model":[],"acf":[],"modified_by":"Kristin McClure","_links":{"self":[{"href":"https:\/\/www.automoblog.com\/wp-json\/wp\/v2\/posts\/384927"}],"collection":[{"href":"https:\/\/www.automoblog.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.automoblog.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.automoblog.com\/wp-json\/wp\/v2\/users\/147"}],"replies":[{"embeddable":true,"href":"https:\/\/www.automoblog.com\/wp-json\/wp\/v2\/comments?post=384927"}],"version-history":[{"count":0,"href":"https:\/\/www.automoblog.com\/wp-json\/wp\/v2\/posts\/384927\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.automoblog.com\/wp-json\/wp\/v2\/media\/384943"}],"wp:attachment":[{"href":"https:\/\/www.automoblog.com\/wp-json\/wp\/v2\/media?parent=384927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.automoblog.com\/wp-json\/wp\/v2\/categories?post=384927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.automoblog.com\/wp-json\/wp\/v2\/tags?post=384927"},{"taxonomy":"model","embeddable":true,"href":"https:\/\/www.automoblog.com\/wp-json\/wp\/v2\/model?post=384927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}