Auto Navigator with Capital One (2022)

I. How Auto Navigator Works

A. Pre-qualification for Auto Financing:

Prior to visiting a participating dealer, submitting a request to pre-qualify for auto financing will allow for a review to determine whether you pre-qualify. But don’t worry, it won’t impact your credit score. If you pre-qualify, you will be able to see your monthly payments, APRs, and offers for vehicles you may be considering.

B. Finding Your Car:

Auto Navigator provides participating dealers' advertised inventory to help you search and save your favorites to find the car that works best for your budget and lifestyle. And although we can't guarantee that participating dealers display all of the vehicles they have available for sale, you can still use your pre-qualification at any participating dealers. Don't forget, your pre-qualification can only be used to buy one, personal-use vehicle. Inventory availability is subject to change without notice.

C. Personalizing Your Offer:

Adjust things like your down payment, term length, and more to build the deal that's right for you. Remember, you can use your mobile phone to configure pre-qualified financing for vehicles you're considering and compare your options at the dealer.

D. Purchasing at a Participating Dealer:

When you visit a participating dealer, show them your Auto Navigator pre-qualification offer for the vehicle you would like to finance. When available, before visiting the dealer, you can provide the dealer with your most up-to-date personal, contact, residence, income, and employment information, as well as your proposed financing terms, pre-qualification status, information about the vehicle you may be interested in financing, and saved cars at that dealer by using the ‘Check Availability’ button (this feature is not available for all dealers and is not a required step). If you choose to do so, you’ll also let the dealer know your preferred method of communication so the dealer may contact you to discuss next steps. When you arrive at the dealership, you can test drive the car, and you will fill out a credit application and provide any information needed for review to complete your financing. A credit application at the dealer will result in one or more inquiries posted to your credit file. After negotiating purchase terms and receiving dealer credit approval, you will sign a contract with the dealer reflecting both your purchase and financing terms. Your purchase will result in a retail installment contract with the dealer as the original creditor.

(Video) How Capital One Auto Navigator Works | Capital One

II. Capital One Auto Finance Restrictions and Important Information

A. Customer's Age, State, and Income Restrictions:

To pre-qualify, you must be at least 18 years old and have a valid street address within the contiguous United States. A valid APO/FPO address also works. Auto Navigator is not available to residents of Alaska or Hawaii and Post Office Box addresses can’t be used as the address on your pre-qualification request. Minimum monthly income required is $1,500. Also, any existing Capital One accounts must be in good standing (meaning not over limit, past due, or delinquent).

B. Pre-qualification Offers:

Pre-qualification does not guarantee that you’ll receive financing or any particular financing terms, which are subject to change based on Capital One’s evaluation of your credit application submitted at the dealer and any required documents, and may vary depending on the dealership selling the vehicle(s) you’re interested in financing. Your Capital One pre-qualification expires 30 days from the date your request for pre-qualification is received. If you’ve recently applied for and funded another loan with Capital One Auto Finance, you may no longer be eligible to get a new loan with your Capital One Auto Finance pre-qualification. Any other financing offers are subject to the terms of the offering party.

C. APR1:

APR is the Annual Percentage Rate. Pre-qualified financing terms depend on the individual's credit and key financing characteristics, including but not limited to the amount financed, term, loan-to-value (LTV) ratio, down payment amount, and vehicle characteristics, and may vary depending on the dealership selling the vehicle(s) you may be interested in financing. Advertised APRs shown are current as of March 3, 2020. Also, down payment, rebate, or trade-in is required in some situations to complete purchase. Advertised and pre-qualified rates and financing terms are subject to change without notice. Your actual APR will be based on your specific situation.

D. Vehicle Type Restrictions2:

Your Capital One pre-qualification can only be used at participating dealers, but don’t worry, there are plenty to choose from. Here’s what is required to finance a vehicle:

  • A new or used car, light truck, minivan, or SUV for personal use
  • The vehicle must have fewer than 120,000 miles and its model year must be within the last 10 years.

In some instances, an older model year or higher mileage vehicle (up to 150,000 miles) may be eligible.

We want you to find a vehicle you really love, but Capital One Auto Finance doesn’t finance certain vehicle makes including but not limited to, Oldsmobile, Daewoo, Saab, Suzuki, or Isuzu vehicles. We don’t offer financing for commercial vehicles, motorcycles, recreational vehicles (RVs), ATVs, boats, camper vans, motor homes, vehicles with a history of chronic malfunctions and/or manufacturer or dealer buy back (also referred to as a lemon), branded title vehicles, or vehicles without a Vehicle Identification Number (VIN) or title issued. We may determine a vehicle to be commercial or otherwise ineligible based on the model and/or information provided to us.

(Video) Why You Should Get Prequalified Thru Capital One Auto Navigator | Soft Pull Auto Loan Application

E. Amount Financed Restrictions:

For new and used vehicles, the minimum amount financed is $4,000. The amount you’re pre-qualified up to is based on your income, key credit characteristics, the vehicle you’re purchasing, the specific dealership you’re purchasing the vehicle from, and/or the details of the financing deal, like whether you trade in a vehicle. This amount is also subject to verification of the personal income you put on your request for pre-qualification. The amount financed may include the dealer advertised price, tax, title, licensing fees, dealer fees, and any optional products, like service contract and/or extended warranty, that you choose to purchase from the dealer. Capital One Auto Finance may not provide financing for all optional products offered by a participating dealer.

F. Participating Dealer Requirements:

Capital One Auto Finance provides financing for new and used vehicles purchased from participating dealers listed on Auto Navigator. Participating dealers are subject to change. Also, we don’t offer financing for vehicles purchased from non-participating dealers, auto brokers, or private party sellers.

III. Participating Lender Restrictions

A. Eligibility for Participating Lenders:

Eligibility for auto financing pre-qualification from participating lenders is determined by the information you submitted, along with the personal credit profile from credit reporting agencies that is obtained by Capital One through your Auto Navigator pre-qualification request.

You may not be eligible to submit a request for pre-qualification to participating lenders; so if you’re not eligible, you won’t see an option to do so.

Participating lenders may have their own eligibility restrictions, such as requiring that you be at least 18 years of age, live within the contiguous United States, meet minimum income requirements, and purchase a vehicle for personal use that meets their specified year, make, model, and/or mileage restrictions.

B. Pre-qualification Offers:

Pre-qualification does not guarantee that you’ll receive financing or any particular financing terms, which are subject to change based on the participating lender’s evaluation of your credit application submitted at the dealer and any required documents, and may vary depending on the dealership selling the vehicle(s) you’re interested in financing. The expiration of your pre-qualification is subject to the lender's terms and may be different from Capital One’s. If you pre-qualified for auto financing with a participating lender and don’t see that pre-qualification when you log into your Auto Navigator account, you may access your pre-qualification at the website where you submitted that pre-qualification request.

(Video) WATCH THIS BEFORE you try Capital One's AUTO NAVIGATOR

Some participating lenders may have membership eligibility requirements, and some may pay Capital One if you finance with them.

C. Participating Dealer Requirements:

Participating lenders provide financing for new and used vehicles purchased from participating dealers, and those dealers are subject to change, and may vary by participating lender.

IV. Auto Navigator Product Terms and Disclosures

A. * Pre-qualified Auto Financing Terms:

Your pre-qualified auto financing terms, including monthly payment and Annual Percentage Rate (APR), aren’t final until your financing is completed at a participating dealer with the lender offering auto financing. These pre-qualified auto financing terms are based on information you provide and might change if you update any information on the Auto Navigator website, with a participating lender, or at the dealer. Capital One and participating lenders do not guarantee that the dealer will provide you with all terms outlined in your pre-qualification offer. Terms online are provided based on common monthly increments, but other terms may be available at the dealership when purchasing the vehicle. Not everyone qualifies for each of these term lengths though.

B. Ratings and Reviews:

We love hearing what our customers have to say about Auto Navigator. And all of our customer reviews are submitted by validated Capital One customers who purchased vehicles using Auto Navigator. Some product ratings and reviews may be from customers with different versions of the product displayed above.

C. Third Party Information:

Capital One uses third party information, otherwise available, to help make your auto financing experience better. Third party information includes, but is not limited to, trade-in values, car images, dealer reported mileage, fuel economy, dealer advertised price and car details, and car history reports. Remember, third parties, including the dealer, provide this information and Capital One doesn’t sell vehicles, doesn’t sell any optional products, and doesn’t make any express or implied representations or warranties with respect to the accuracy of the third party information. You should verify the accuracy of any third party information on your own. All trademarks are the property of their respective owners.

Vehicle images may not be representative of the dealer advertised vehicle. Cars are subject to prior sale so there’s a possibility that some cars may have already been sold. Availability should be confirmed with the dealer. Dealer advertised prices are subject to change without notice.

(Video) Capital One Auto Navigator "Baby Sis" :30 | Capital One

Dealer advertised prices may be negotiable and may not include tax, title, license, and other fees charged by the dealer. Other fees may also include, but are not limited to, document fees, dealer preparation fees, and delivery charges. You should verify with the dealer what’s included in the dealer advertised price. We also provide a historical estimate of the tax, title, and license fees based on the state the dealership is located in to show you how they impact your financing terms.

Any available car history reports are provided by CarFax®. You can visit the CarFax® website for additional information on their services. Trade-in valuations are powered by Kelley Blue Book® data to provide estimates of what you may be able to receive from the dealer by trading in your car. Kelley Blue Book® Price Advisor is also powered by Kelley Blue Book® data to provide you with information on what other customers have paid for like cars in your area. Kelley Blue Book® valuation methods are not determined or maintained by Capital One. You can visit the Kelley Blue Book® website for additional information on their services. Third party websites, such as Kelley Blue Book® and CarFax®, are not maintained by Capital One.

Maps, directions, and reviews are provided for informational purposes only. No representation is made or warranty given as to their content, road conditions or route usability or expeditiousness. User assumes all risk of use. Google™, Capital One, and their suppliers assume no responsibility for any loss or delay resulting from such use. All reviews are provided by Google and are subject to Google terms of services. Capital One does not monitor content provided by Google.

©2018 Google LLC, used with permission. Google and the Google logo are registered trademarks of Google LLC. Google Play and the Google Play logo are trademarks of Google LLC.

App Store is a service mark of Apple Inc.

Stock vehicle images provided by izmo, inc. and Autodata, Inc.

(Video) Car shopping with the Auto Navigator from Capital One

Stock Automotive Images, Copyright 2000 - 2022 izmo, Inc. All Rights Reserved. The stock automotive images contained herein are owned by izmo, Inc. and are protected under United States and international copyright law. Access to and use of these images is restricted by terms and conditions of a separate license agreement. Any unauthorized use, reproduction, distribution, recording or modification of these images is strictly prohibited.

FAQs

What is Capital One Auto Navigator? ›

Auto Navigator provides participating dealers' advertised inventory to help you search and save your favorites to find the car that works best for your budget and lifestyle.

How do you qualify for Capital One Auto Navigator? ›

To pre-qualify, you must be at least 18 years old and have a valid street address within the contiguous United States. A valid APO/FPO address also works. Auto Navigator is not available to residents of Alaska or Hawaii and Post Office Box addresses can't be used as the address on your pre-qualification request.

Is Capital One Auto Navigator a hard inquiry? ›

After pre-qualifying online for a Capital One Auto Finance loan, car buyers take their saved offer to the dealership, where application paperwork is completed and a hard credit inquiry is done.

Is Capital One a good place for a car loan? ›

Capital One Auto Finance Review: 3.5 Stars

Capital One has a convenient prequalification process that does not require a hard credit check. Its auto loan terms are reasonable, and the lender can be a good option for those with poor credit. Overall, we give Capital One auto loans 3.5 stars.

Will Capital One auto lower my interest rate? ›

the answer is simple: CapitalOne won't let you refinance your car loan if you currently have your loan with CapitalOne. Instead, you need to find a new lender offering a lower rate.

Will my Capital One auto loan show up on the app? ›

The app has the following features: View and manage your Capital One accounts from one place, including home and auto loans, banking accounts, credit card statements, etc.

What credit score is needed for a 2021 car? ›

There is no set credit score you need to get an auto loan. If you have a credit score above 660, you will likely qualify for an auto loan at a rate below 10% APR. If you have bad credit or no credit, you could still qualify for a car loan, but you should expect to pay more.

What is a good credit score to buy a car? ›

In general, lenders look for borrowers in the prime range or better, so you will need a score of 661 or higher to qualify for most conventional car loans.

Is 670 a good credit score to buy a car? ›

With a score of 670 to 679, you are in the second-best credit score range for auto loans and you will pay relatively low interest rates. If your score is between 670 and 679, you'll have to be careful about your credit if you're considering applying for a car loan.

Can you be denied a car loan after pre-approval? ›

You can be denied a car loan after pre-approval. It is rare, but it can happen for several reasons, such as fine print, application errors, yo-yo financing, or multi-lenders.

What happens after you get preapproved for a car loan? ›

When you get pre-approved and when you apply for a car loan, you'll provide personal information, such as your income, in the application. Along with that, you'll also provide details about the vehicle you want to finance when you officially apply for the car loan, such as: Year. Make & model.

How many credit cards can you have with Capital One? ›

Number of Cards

Capital One will allow you to have only two of its personal credit cards open at once. This is a hard rule and cannot be overridden. This does not apply to Capital One's co-branded store cards, but these are not the types of cards we typically look at to maximize travel rewards.

Can I pay off my Capital One auto loan early? ›

Are there any pre-payment penalties for paying off my loan? Capital One does not charge any prepayment fees. You may pay off either a portion of your loan or the entire amount at any time without incurring any fees or penalties.

What credit score is needed to refinance a car with Capital One? ›

To be eligible for a Capital One auto loan, you must have a minimum monthly income of $1,500, totaling $18,000 per year. The company doesn't list any credit score requirements on its website. However, you're more likely to be approved if you have a good credit score of 670 or higher.

What is a good interest rate on a car? ›

The average auto loan rate is 4.33% for new cars and 8.62% for used cars, but shop around to get the best deal.
...
Average car loan interest rates.
Credit scoreAverage APR, new carAverage APR, used car
Prime: 661-780.4.03%.5.53%.
Nonprime: 601-660.6.57%.10.33%.
Subprime: 501-600.9.75%.16.85%.
3 more rows

Does refinancing a car hurt your credit? ›

Refinancing a car can save you money on interest or give you a lower payment and some breathing room in your budget. When you refinance a car loan, it could temporarily ding your credit score, but it's unlikely to hurt your credit in the long run.

Do refinancing hurt your credit? ›

Refinancing will hurt your credit score a bit initially, but might actually help in the long run. Refinancing can significantly lower your debt amount and/or your monthly payment, and lenders like to see both of those. Your score will typically dip a few points, but it can bounce back within a few months.

Can I pay my Capital One car payment with a credit card? ›

Answer provided by. Like most lenders, Capital One does not allow borrowers to pay car loans with a credit card. You may pay your monthly bill: Directly from your bank account with your account number and routing number.

How can I pay my Capital One auto loan? ›

Call 1-800-946-0332 and make a one-time payment or set up a recurring payment plan over the phone. Mail a cashier%s check, money order or personal check, along with the payment coupon in your monthly statement to: Capital One Auto Finance, P.O. Box 60511, City of Industry, CA 91716.

What is the interest rate on a Capital One auto loan? ›

Shoppers in this category may see new-car loan rates as low as 3.99% from Capital One, and used car loan interest rates as low as 4.62%.
...
Capital One Auto Loan Rates.
Credit ScoreNew Car LoanUsed Car Loan
Excellent3.99%4.62-5.31%
Average4.22-6.33%5.92-8.99%
Rebuilding7.99-10.28%9.19-13.97%

Which credit bureau does Capital One use for auto loans? ›

In order to maximize your chances of approval for a credit card, research which credit reports a lender will most likely base their decision on and work on improving your credit profile. Capital One appears to use all three major credit bureaus—Equifax, Transunion and Experian.

Which FICO score do auto lenders use 2022? ›

Most auto lenders use FICO Auto Score 8, as the most widespread, or FICO Auto Score 9. It's the most recent and used by all three bureaus. FICO Auto Score ranges from 250 to 900, meaning your FICO score will differ from your FICO Auto Score.

What is a good credit score to buy a car in 2022? ›

For best results, you should aim for at least a FICO score of 660 before applying for a new car loan.

What APR is too high for a car? ›

A high APR (“annual percentage rate”) car loan is one that charges higher-than-average interest rates. The legal limit for car loans is around 16% APR, but you will find lenders that get away with charging rates of 25% or more.

What credit score do you need for 0 interest on a car? ›

Zero percent financing deals are generally reserved for borrowers with excellent credit — typically classified as a credit score of 800 and above. You'll want to review your credit reports on your own before you start shopping for auto financing.

How fast will a car loan raise my credit score? ›

When you make a timely payment to your auto loan each month, you'll see a boost in your score at key milestones like six months, one year, and eighteen months. Making your payments on time does the extra chore of paying down your installment debt as well.

What is a super prime credit score? ›

Prime (credit scores of 660-719) Super-prime (credit scores of 720 or above)

How do you get a 800 credit score? ›

How to Get an 800 Credit Score
  1. Pay Your Bills on Time, Every Time. Perhaps the best way to show lenders you're a responsible borrower is to pay your bills on time. ...
  2. Keep Your Credit Card Balances Low. ...
  3. Be Mindful of Your Credit History. ...
  4. Improve Your Credit Mix. ...
  5. Review Your Credit Reports.
12 Mar 2022

Is it good to pay off a car loan early? ›

Generally, you should pay off your car loan early if you don't have other high-interest debt or pressing expenses to worry about. But if that money could be better spent elsewhere, paying off your car loan early may not be the best choice.

What can a 700 credit score do? ›

What a 700 credit score can get you. Your credit score is used by lenders to see if you qualify for financial products and to set the interest rate you'll pay. With a 700 credit score, you've crossed over into the "good" credit range, where you can get cheaper rates on financial products like loans and credit cards.

Does Capital One auto Pre Qualification affect credit score? ›

But don't worry, it won't impact your credit score. If you pre-qualify, you will be able to see your monthly payments, APRs, and offers for vehicles you may be considering.

Is Capital One prequalify a hard pull? ›

Instead of a hard inquiry, pre-approval at Capital One uses what's known as a “soft inquiry.” A soft inquiry involves a simple review of your credit, which doesn't affect your credit score. And it isn't reported to lenders.

What credit bureau does Capital One pull from? ›

Capital One appears to use all three major credit bureaus—Equifax, Transunion and Experian.

Does Capital One auto Navigator work with Carvana? ›

You must be prequalified through their Capital One Auto Navigator site before you can begin the purchase process with Carvana. When is my down payment due? If you are within Carvana's free delivery area and choose to accept the vehicle, your down payment is due at the time of delivery.

Can you be denied a car loan after pre-approval? ›

You can be denied a car loan after pre-approval. It is rare, but it can happen for several reasons, such as fine print, application errors, yo-yo financing, or multi-lenders.

What number is excellent credit? ›

Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.

What is a good APR for a car? ›

What is a good APR for a car loan with my credit score and desired vehicle? If you have excellent credit (750 or higher), the average auto loan rates are 5.07% for a new car and 5.32% for a used car. If you have good credit (700-749), the average auto loan rates are 6.02% for a new car and 6.27% for a used car.

Does your credit score go down when you check it Capital One? ›

The short answer is no—checking your credit scores yourself won't hurt them. However, other types of credit checks could cause your scores to drop—though the drop could just be temporary and only by a few points.

Why did my credit score drop 100 points a month? ›

New credit applications

In the FICOscoring model, each hard inquiry — when a creditor checks your credit report before approving or denying credit — can cost you up to five points on your credit score. So, if you apply for more than 20 credit cards in one month, you could see a 100-point credit score drop.

How many credit cards can you have with Capital One? ›

Number of Cards

Capital One will allow you to have only two of its personal credit cards open at once. This is a hard rule and cannot be overridden. This does not apply to Capital One's co-branded store cards, but these are not the types of cards we typically look at to maximize travel rewards.

What FICO score does Capital One use for credit cards? ›

There are two primary credit scores in the U.S.: FICO Scores and VantageScores. While most people are more likely familiar with the FICO model of credit scoring, Capital One credit monitoring from CreditWise uses TransUnion's VantageScore 3.0 model.

What is a good FICO score 8? ›

Consequently, when lenders check your FICO credit score, whether based on credit report data from Equifax, Experian, or TransUnion, they will likely use the FICO 8 scoring model. FICO 8 scores range between 300 and 850. A FICO score of at least 700 is considered a good score.

What is an excellent TransUnion score? ›

A good score with TransUnion and VantageScore® 3.0 is between 720 and 780. As your score climbs through and above this range, you can benefit from the increased freedom and flexibility healthy credit brings. Some people want to achieve a score of 850, the highest credit score possible.

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