jllunas wrote:
Capital one is one of the easier banks to give out an auto loan. When we had our bankruptcy discharged in 2009, 6 months later they approved us for a 20,000 dollar used car loan but the interest rate was 10.85%. 7 months later we refinanced with our local credit union for 2.9%. So it would not hurt to try it just depending on your credit score its going to determine your interest rate.
I wouldn't say they were easy to get approved for. I had a credit card with them for two years and when I app'd for a auto loan with them, they denied it on top of three credit pulls. My FICO at the time was around 720 but my auto enhanced score was 640 I think...
I've never had any late payments. My only problem was that I had never had a car loan before. Lol.
The truth is out there...
FICO scores: 677 (EQ) 664 (EX) 681 (TU) | Goal scores: 750+ (all 3)
Open loans: Hyundai Motor Finance - $12k balance | 60 months @ 4.9% (First Time Buyer 12/2012)
My Wallet: Capital One 1.5k | Macy's 1.0k | Living Spaces 8.5k | Ashley 5.5k | Amazon 2.0k | Discover IT 1.5k | Walmart Discover 1.5k | Chase Freedom 4.5k
