Capital One Auto Loan Rates

%

Auto Loan Refinance APR

%

Used Car Loan APR

%

New Car Loan APR

Capital one lets you get a decision in minutes without affecting your credit score.
The bank has limited number of locations making it difficult for all customers to access products.
Capital one puts its clients first and offers a multitude of financial products. Its auto loans rates go to as low as 2.49% making it easily accessible to borrowers with poor, fair and excellent credits.
Capital one, known officially as Capital One Financial Corporation, is an American bank that specializes in home loans, credit cards, auto loans and banking products. It has its cooperate offices in Tysons Corner, Virginia .On the Fortune 500, Capital one is ranked number 112 and has over 812 branches in the United States.

Auto loans and financing rates

Capital one offers versatile loans with very low Annual Percentage Rates (APRs).  The company finances new vehicles, used vehicles, light trucks, SUVs and minivans which will be used for personal use. For new vehicles, the APR is 2.49% (in a period of 36 to 72 months). Used cars go for APRs of 2.89% (for 36, 48 or 60 months) and 3.39% for longer terms (66 or 72 months). APR of as low as 2.99% are offered for refinance auto loans. According to our review, these rates are very friendly and versatile.

It is important to note that these rates depend on your credit and financial characteristics. The amount financed, its term and a loan-to-value (LTV) ratio of equal to or less than 80% also has an effect on the APRs.  Say an amount of $25000 is financed in a term of 60 months with an APR of 7.5%, the monthly payment would be $500.95.

Application and repayment

The application process is very simple. It is online based and very accessible. You are required to submit an application to check whether you pre-qualify to access an auto loan or refinance your current one. The application process requires you to select the offer that you are interested in after which an inquiry is posted on to your customer credit report. To complete the application process, provide your VIN, lender details and E-sign the contract. If need be, you can attach any other supporting documents.

Customer service

Capital one has excellent service day in day out. The company employees put their client first, whether it’s in person, by phone or online. You come first. 

Summary

Banking, credit card, home loan products and auto finance are all offered by Capital one. With excellent customer service, this company earns good ratings in our review.