Valued Member
Posts: 40
Registered: ‎06-14-2012
CAPITAL ONE Blank Check Approval 30,000...LTV? HUH?

Good Morning,

 

First off I LOVE THIS BOARD.  Thanks to you all I went up 80 points in 2 months!

 

So yesterday I started the car trade in process.  I have 2 seemingly good offers.

In this thread I have questions about the CAPITAL ONE BLANK CHECK PROGRAM.

 

I applied at their website and had to fax in document but i was approved at a very low APR 5.09-8% depending on vehicle age and up to $30,000.

 

Can someone please provide me with as much information as possible on what exactly this approval mean and how i can use it?

 

The biggest concern is LTV.  They said mine is 110%.  What is that?  Something about wholesale?  Car dealer sell retail?!   I am really confused but i want this done by tomorrow.   HELP PLEASE!!! 

 

 

Any information is appreciated.

 

Thank you,

 

DRH