Established Member
urbex
Posts: 34
Registered: ‎06-25-2012
Re: CAPITAL ONE Blank Check Approval 30,000...LTV? HUH?

The problem that I see with this is that it's based on the TRADE-IN value, not the suggested retail price of the vehicle.  As in what a dealer would offer you for the car if you were to trade it in, which will always be less than what they're selling it for.  The dealer will almost always incur some level of cost in preparing a trade in vehicle for sale, so I don't see how the blank check program could be used for a zero or low down purchase, unless the dealer is going to sell the vehicle for less than they paid for it.