One of the Best in the Automobile Industry: Capital One Auto Financing

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Capital One Auto Financing

capital one auto finance

Capital One Auto Financing provides financing for new and used vehicles purchased from listed participating dealers. However, it does not provide financing services for vehicles purchased from non-participating dealers, auto brokers and private party dealers.

Automatic Navigator Operating System

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You can use Auto Navigator to pre-qualify for financing before visiting a dealership. In this way, your prequalification level can be determined without a change in your credit score. You can view monthly payments, APR’s, and your Offer Summary for vehicles you might consider if you pre-qualify. The prequalification amount is only a feature used to purchase one personal use vehicle. The Proposal Summary provides you with an estimate of the financing terms as a result of the application submitted.

Individuals wishing to finance a vehicle simply need to take their Auto Navigator Offer Specifications to a participating dealer and inform them that they are prequalified for auto financing with Capital One Auto Financing. The mobile phone application can be used to configure vehicles or compare options at the dealership. Another recent loan application to Capital One Auto Financing may affect eligibility for prequalification.

Payment Plan and Product Terms

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Monthly payment and Annual Percentage (APR) terms are finalized upon completion of your financing at a participating reseller. These conditions are created as a result of the information you provide and may change as a result of any changes made on the website or from the dealer. Generally online terms are provided in common monthly increments of 24, 36, 48, 60, 72, 75 and 84. However, you may encounter other conditions at the dealership when purchasing the vehicle. Special conditions may be required for some consumers.

The result of the qualification obtained as a result of the information you have given to the pre-qualification does not guarantee that you will receive financing or certain financing conditions that may change. AutoNavigator terms expire 30 days after application.

Individuals wishing to prequalify must be over 18 years of age and have a valid United States street address or an APO/FPO address. Minimum monthly income can range from $1,500 or $1,800 depending on credit qualifications. All existing Capital One accounts must not be overdue, overdue or overdue.

Automatic Navigator at the Dealer

To finance or check-in using pre-qualification, the requested vehicle must be shown the Auto Navigator Offer Summary when visiting a participating dealer. Check-in is not a mandatory process at all dealerships, but it is a service that allows that dealer to access your prerequisites and preferences, including the cars you have registered at that dealership.

You must complete a loan application and provide accurate and complete information that needs to be reviewed to complete your financing. The previous loan application (if any) at the dealer will cause a query to be sent to your loan file.

After these transactions are completed, you will sign a contract with the dealer that reflects both your purchasing and financing conditions. After the purchase, you will need to sign a retail installment agreement with Capital One Auto Financing with the dealer as the principal payee.

Amount Restrictions

Capital One Auto Finance‘s minimum Amount for new vehicles is $4,000. The Capital One Auto Finance amount may vary depending on the underlying loan features, the vehicle purchased, the details of the financing agreement and/or the dealership.

Military Lending Act

There are certain obligations under the Military Obligations Law. Therefore, certain members of the Armed Forces and their dependents cannot benefit from Capital One Auto Financing, GAP, Loan-Life or Accident and Health Insurance and similar services.

Annual Percentage Rate (APR)

Annual Percentage Rate includes advertised rates, Amount financed, term, loan-to-value (LTV) ratio, down payment amount and vehicle characteristics. However, it also depends on the person’s credit and basic financial characteristics, but not limited to these.

For example, $1,000 down payment, $22,000 funded amount, 10.00% Annual Percentage Rate, and a 72-month maturity would have a monthly payment of $389.04. A down payment will be required for the purchase in some cases. As of March 27, 2019, the APR regulations apply and are subject to change without notice.

APR varies depending on the amount funded, term, credit-to-value (LTV) ratio and vehicle mileage. In addition, it also relies on, but is not limited to, the individual’s credit and key financial characteristics. So APR is a variable that depends on your specific situation.

Restrictions of Vehicle Restrictions

Individuals may use AutoNavigator terms only for the purchase of a new or used car, light truck, minivan or SUV for personal use and at a participating dealership. Certain vehicle brands are not funded by Capital One Auto Financing. Nor does it offer financing for commercial vehicles, motorcycles, recreational vehicles (RVs), ATVs, boats, campers, motorhomes, vehicles with a history of chronic breakdowns, and/or manufacturer or dealer buybacks.

The suitability of the vehicle is determined according to the given model and/or information. The desired vehicle must not be less than the 2009 model year and with a distance of more than 120,000 miles. In exceptional circumstances, a 2007 model year vehicle with less than 150,000 miles may be purchased. That is, eligibility for purchase depends entirely on the available data.

Information of Third Party

Capital One Auto Financing uses third-party information to enhance and streamline your auto finance experience. Third-party information includes information such as trade-in values, car pictures, dealer-reported mileage, and vehicle details. Capital One Auto Financing does not make any express or implied representations or warranties regarding the accuracy of third party information and does not share this information with anyone.

Vehicle images do not always represent the vehicle advertised by the dealer. Availability of cars should be confirmed with the dealer. Advertised prices are subject to change without notice.

Dealer advertised prices are sometimes negotiable or may not include taxes, titles, licenses and other fees charged by the dealer. You must confirm with the dealer what is included in this price. Capital One Auto Financing provides a historical estimate of tax, title and license fees to show you how financing terms affect.

This is not a financial advice. Do your own research before putting your money and invest the money that you can afford.

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