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Established Member
Neutron1998
Posts: 38
Registered: ‎11-29-2010

Capital One Auto Finance Pre Approval Letter

I received one of these letters in the mail.  I have been a Capital One credit card holder since 2006. 

 

It says I'm preapproved up to $30k and that the rate is fixed.  It just says go to the dealer with my pay stub and a utility bill.

 

I called the number and the guy told me it's a non-credit app required pre-approval.  I don't want a hard pull on my credit report.  I know my scores are in the upper 500s (due to some errors that are in the process of getting fixed).  He says they put in my income along with my preapproval code in their system and it tells me what I'm qualified for.  I don't want a high interest rate and I'm sure it will be that.

 

Has anyone else gone through this?

Established Member
rayzah
Posts: 17
Registered: ‎12-04-2010

Re: Capital One Auto Finance Pre Approval Letter

They did that to me, but it was for Eastern motors and when I got there they ran my credit anyway and said I was only approved for 15K with a 1500 down payment.


Starting Score: 502
Current Score: 581
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New Visitor
erniec48
Posts: 1
Registered: ‎04-07-2013

Re: Capital One Auto Finance Pre Approval Letter

I was sent a voucher that pre-approved me for a sale event i have a personal approval code: 113107540 and i truly need a car for work  my other car i had blew an engine so please give me a chance i will make all my payments on time and if i could get a Nissan Altima, or maxima, or even an impala, or malibu i would really appreciate. Yhank You

Established Contributor
sccredit
Posts: 774
Registered: ‎09-14-2012

Re: Capital One Auto Finance Pre Approval Letter


erniec48 wrote:

I was sent a voucher that pre-approved me for a sale event i have a personal approval code: 113107540 and i truly need a car for work  my other car i had blew an engine so please give me a chance i will make all my payments on time and if i could get a Nissan Altima, or maxima, or even an impala, or malibu i would really appreciate. Yhank You


Not sure who you trying to send this to but this is not Capital One. 

Mortgage $296k/$310k
Autos Loans $29k
Unsecured Lines $167.2k

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New Visitor
chocolate27
Posts: 2
Registered: ‎05-17-2014

Re: Capital One Auto Finance Pre Approval Letter

 
New Visitor
chocolate27
Posts: 2
Registered: ‎05-17-2014

Re: Capital One Auto Finance Pre Approval Letter

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