Saved Cars | Capital One Auto Navigator (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.

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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.

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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.

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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.

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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.

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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

How do I use Capital One Auto Navigator? ›

Start by pre-qualifying online in minutes without impacting your credit score. Next see your real

How do I access my Capital One auto loan? ›

How can I access my auto loan online? As a new or current customer, simply enroll in Online Banking to access your auto loan account online. You'll need your last name, social security number, and date of birth. If you have questions, please contact us.

What is Capital One Auto CarPay? ›

CarPay is a service we provide that allows you to authorize a one-time payment by designating the bank account from which the funds are to be withdrawn and completing the authorization for electronic funds transfer at the time you request the CarPay one-time payment. You can edit or cancel CarPay.

What score do you need for Capital One Auto? ›

A Capital One auto loan might be for you if you have a nonprime (between 601 and 660) or subprime (between 501 and 600) credit score. In these credit categories, borrowers may be rejected by many lenders or offered high interest rates. Capital One works with borrowers with credit scores as low as 500.

Will Capital One auto lower my interest rate? ›

Refinancing your CapitalOne auto loan means quite the opposite: you will be able to lower your payments by decreasing your interest rate and/or stretching the term because you've done a good job and made your payments in time and in full.

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

How can I check my car loan balance online? ›

How can I check my car loan balance online?
  1. You can visit the official website or app of your lender.
  2. Log in with your credentials.
  3. Enter details like your car loan account number and other details.
  4. And check the status of your car loan balance online.

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.

Is there an app for Capital One Auto Finance? ›

Capital One Auto Navigator 4+

What is the monthly payment on a $30000 car? ›

A $30,000 car, roughly $600 a month.

What is a good interest rate for a car for 72 months? ›

The average 72-month auto loan rate is almost 0.3% higher than the typical 36-month loan's interest rate for new cars.
...
Loans under 60 months have lower interest rates for new cars.
Loan termAverage interest rate
60-month used car loan4.17% APR
72-month used car loan4.07% APR
2 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.

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.

Is 570 a good credit score for a car loan? ›

If you have a credit score of 570, you have what is considered “poor” credit. As a general rule, credit scores below 619 receive the worst interest rates on home loans, auto loans and credit.

Is Capital One pre approval guaranteed? ›

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 ...

Does Capital One auto Navigator affect credit score? ›

This inquiry will not affect credit scores and lets the applicant see if refinancing a car loan will save them money. Pre-qualification decisions for refinancing are typically returned in less than one minute.

Is refinancing a car worth it? ›

Refinancing and extending your loan term can lower your payments and keep more money in your pocket each month — but you may pay more in interest in the long run. On the other hand, refinancing to a lower interest rate at the same or shorter term as you have now will help you pay less overall.

How many times can you refinance your car? ›

How many times can you refinance a car? If you've already refinanced your car, you can do it again. In fact, there's no legal limit on the number of times you can refinance if you're able to find a lender willing to assist you with the transaction.

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.

Will car interest rates go up in 2022? ›

The Federal Reserve is reportedly expecting as many as 7 interest rate increases by the end of 2022, setting up the likelihood of much higher financing rates for both new and used vehicles. The pace at which these increases come may vary, with some coming sooner than others.

Can car dealers lower interest rates? ›

Yes, just like the price of the vehicle, the interest rate is negotiable. The first rate for the loan the dealer offers you may not be the lowest rate you qualify for.

What happens to a vehicle when the loan is charged off? ›

The bottom line

When a car loan is charged off, you're still responsible for repaying the debt. Once a lender has charged off an auto loan, it often means you will have to deal with a third-party collection agency — and worse, your car can be repossessed, or you could be sued for repayment.

How can I pay my car loan off early? ›

Paying off a loan early: five ways to reach your goal
  1. Make a full lump sum payment. Making a full lump sum payment means paying off the entire auto loan at once. ...
  2. Make a partial lump sum payment. ...
  3. Make extra payments each month. ...
  4. Make larger payments each month. ...
  5. Request extra or larger payments to go toward your principal.

How can I pay my car payment online? ›

Visit your lender's website to make online payments.
  1. Most lenders prefer a direct draft from your bank account. You will need your account number and your bank's routing number to set this up. ...
  2. Some lenders allow you to make payments using a debit or credit card.

Is it better to pay off car loan early or save? ›

Save money

The most obvious reason you might want to consider paying off a loan early is that it saves you money on the amount of interest you pay. It's important to note that this only applies if you are paying a simple and not precomputed interest rate.

Why did my credit score drop when I paid off my car? ›

Lenders like to see a mix of both installment loans and revolving credit on your credit portfolio. So if you pay off a car loan and don't have any other installment loans, you might actually see that your credit score dropped because you now have only revolving debt.

Will my car payment go down if I pay extra? ›

Why pay extra on car loan principal? Paying extra on your auto loan principal won't decrease your monthly payment, but there are other benefits. Paying on the principal reduces the loan balance faster, helps you pay off the loan sooner and saves you money.

Does CarMax accept Capital One financing? ›

“You can also bring your own financing when you shop at CarMax.” CarMax's finance sources include CarMax Auto Finance, Ally Financial, Inc., Capital One Auto Finance®, and a number of other industry-leading finance sources.

Can you pay Capital One auto 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.

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

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

What is dealer Navigator Capital One? ›

Dealer Navigator is a digital tool for dealers who have teamed up with Capital One as a financing partner. To gain access, please contact your Capital One Representative. For consumers looking for a new or used car, please check out Capital One Auto Navigator.

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.

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%

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.

Does Capital One auto Navigator affect credit score? ›

This inquiry will not affect credit scores and lets the applicant see if refinancing a car loan will save them money. Pre-qualification decisions for refinancing are typically returned in less than one minute.

Does Capital One Finance cars from CarMax? ›

CarMax's finance sources include CarMax Auto Finance, Ally Financial, Inc., Capital One Auto Finance®, and a number of other industry-leading finance sources. These relationships help ensure a broad set of options.

Does Capital One work with CarMax? ›

What finance companies do you work with? In addition to CarMax Auto Finance, we work with leading institutions such as Ally Financial, Capital One Auto Finance®, Wells Fargo Dealer Services, and others. These relationships help ensure a broad variety of financing options for our customers.

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.

Is Capital One pre-approval guaranteed? ›

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 ...

What's better pre-qualified vs pre approved? ›

Some people use the terms interchangeably, but there are important differences that every homebuyer should understand. Pre-qualifying is just the first step. It gives you an idea of how large a loan you'll likely qualify for. Pre-approval is the second step, a conditional commitment to actually grant you the mortgage.

What is the monthly payment on a $30000 car loan? ›

With a loan amount of $30,000, an interest rate of 8%, and a loan repayment period of 60-months, your monthly payment is around $700.

What is the monthly payment for a $40000 car? ›

Your monthly payments would look like this for a $40,000 loan: 36 months: $1,146. 48 months: $885. 60 months: $737.

What is a good interest rate for a car for 72 months? ›

The average 72-month auto loan rate is almost 0.3% higher than the typical 36-month loan's interest rate for new cars.
...
Loans under 60 months have lower interest rates for new cars.
Loan termAverage interest rate
60-month used car loan4.17% APR
72-month used car loan4.07% APR
2 more rows

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