Just applied online with cap one for auto loan and got a 24 hour message. I had to specify new or used and input a requested loan amount. I was a little confused because basically I have some vehicles in mind but it all depends on if and how much they would be willing to loan based on my credit report and income. I requested 30k for a new vehicle. If they find that amount unacceptable will they come back and say that amount is a no go but we would willing to loan you "x" amount? I make 70k and have an installment loan for an rv with a 13k balance and no other debt. I have a charge off from 06 that I paid in full, a 120 late on a cc that i settled in 09. No late payments in 2 and a half years, no collections, no public records. I guess I will call tomorrow and try and get some info. I provided basic info but any guessed on what I might be approved for? Thanks
Starting Score: 621When I entered that requested loan amount I was just thinking of ballpark truck values. I have a 2001 tahoe that's paided off and about 5k in cash that I would be willing to put down....probably info that would be useful to cap one.
