Has anyone ever had any success in decreasing the APR on a Capital one auto finance through the dealer?
or you have been approved through capital one but you want to know if the dealership can beat the APR?
The only way to get a better interest rate is if you refinance it to another bank or trade it in and finance or lease a new car at a better interest rate (new used, New, and New lease).
Otherwise if you already have the car and the loan and have been paying for a bit, no help from dealer on current car.
I had a cap1 blank check once that I took to a dealer. I had him run my credit to see if he could get me a better rate. Ended up that he couldn't, but what was interesting to me was that in his bunch of replys was one from cap1 with a higher rate and a requirement that I either pay off or trade in the car I owned at the time-one that I planned on keeping. Using the blank check did not have that requirement and I bought the car (Jeep wrangler) that day. Two different groups inside cap1 I reckon.
I had a Santander loan approval at carmax, went to honda and he called his person with santander to get a loan and they flat out denied!
I went back and financed with no issues with santander at carmax... not great rate but I thought that was so silly then!
I know Cap1 does not do Refi's, I tried and was told they do not, I was quite upset because on thier website they have a "button" to select and when I was told they do not I had an inquiry on my credit report. I wrote a letter explaining this and they removed it (very surprised)..hope that answers at least half of your question. Not sure on the rest.