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