car lots that finance through capital one near me

#Car lots that finance through capital one near me drivers#
#Car lots that finance through capital one near me license#

Because as they say, 'Anything you say can and will be used against you'. The less information you give them up front the better. I used to own a small car lot so I know the tactics sales people use. As a matter of fact I didn't even initially tell them I had my own financing or where. When I went to the dealership I did not tell them how much I was approved.

That's less money you have to get from Capital One, and less money (and interest) you have to pay them back in the end. They love to try and tack this on - at anywhere from $500 to $1500+ a pop - but you can buy it from your auto insurance carrier for about $4 a month if you really want it. If you see 'unable to determine' listed instead, then the dealer's price is above what Capital One will loan on that car, and you'll either have to pay a cash down payment or negotiate the dealer's price down to meet the 'max loan value' once tt&l is included.Īlso, as a side tip - do not accept GAP insurance from the dealer. If it's a late-model (2014 or newer) used car, this is less likely, but still possible depending on precisely what make/model you are looking for.Ĭapital One's prequal offers should probably be edited to read 'we'll loan you up to $35,000 - if you pick a car we are willing to loan that much on - but we'll loan you something on just about any car our dealers have.' The Auto Navigator program can tell you precisely what they will loan on any given car - if you search for a certain type of car in your area, and you see a monthly payment amount on the listing in Navigator, then you're good to go. If you are shopping for a used car, be aware that the 'max loan value' may be less than the sticker price from the dealer, again causing Capital One to say no unless you pay the difference in cash. If Capital One's 'max loan value' on that vehicle is $30,000, you will still be declined for the final deal, even with your preapproval of $35K, unless you are willing to put in the other five grand as a cash down payment. Used cars, as well as some new ones, have a lower 'max loan value' (the cap they mentioned to you already), and that can be troublesome sometimes, if you pick out a car that is close to your approval - say, a vehicle with a sticker price of $31,499 that is $34,927.16 with tt&l. Your $35,000 blanket approval means that they will lend you up to $35,000 - but only on certain cars, and only on a new car (most of the time). If you have the ability/time, you may wish to check out actual vehicle listings on the Capital One Auto Navigator website.ĭepending on what type and age (new/used) you are looking for, you may find that your interest rates and/or financing terms with Capital One vary slightly. I will be going this weekend to check out some cars from a couple of places on the list they sent me. The cars I checked prices were fair and competitive with the market. They also said they put a cap to make sure the dealership did not overcharge you for a vehicle.

#Car lots that finance through capital one near me license#

They told me the $35,000 also included tax, title, license as well as the purchase price. They gave me one month from the date of the approval to pick out the car I wanted and print out a voucher to pay them with. My start to finish process from filling out the paperwork online to my approval was all less than 30 minutes. Just enough time to pick out the vehicle I chose (if I chose it online if not add about another 20-30 minutes to pick from the lot), sign documents and that's it. They told me I would only be there for about 20 minutes max. I reached out to one of the car lots that was nearest to me. They had two different customer service agents to call me back on the same day to see if I needed any assistance or even would like to request more money but I declined. In my area they had over 60 different car lots to choose from.

They sent me a link to choose their authorized car lots. They told me that I would have to do a HP on my credit when we went to actually pick out a car but the car lot would be the one to do it. Before they started the process they told me they would not be checking my credit scores with a HP but instead do a soft pull.

#Car lots that finance through capital one near me drivers#

They only verified my address by me faxing in some documents (Utility Bill and Drivers License). It said I was instantly approved and they offered me $35,000. So it said it will not hurt your credit so decided to try it. Capital One hadn't sent me one of these emails in awhile but they must have heard me because they sent me one like every 3 days in the last month. So I told my hubby we would be getting a car the 1st of the year. Since 2013 they been sending me notices about applying for an auto loan through them. I have had a Quicksilver account with Capital One since 2012.