topic Captial One Auto Financing Approved in Auto Loans

Captial One Auto Financing Approved

Anonymous — Thu, 27 Jun 2019 04:06:45 GMT

As my previous post, I paid most of the balances down to $0 and boosted my credit score. My goal was to get a car of my own, which I went today and had a test drive and all that blah blah thing. Half hour, we went all over the paperwork and applied for financing with Captial One. Was approved for $31k, I put $3k down and dealership gave me so much rebates about $7k so basically I only get the loan for $23,997 plus taxes, titles, fees, insurance, extended warrarnty. All comes to $25,015.88. Monthly payment is only $151.28 at 11.77% APR. They pulled TU score of 733.

Picture of my new car!

Re: Captial One Auto Financing Approved

Jnbmom — Thu, 27 Jun 2019 05:43:05 GMT

Congrats on your new ride

Are you sure about that payment though? How many months is the loan 25K at 11% . seems like payment should be higher??

Re: Captial One Auto Financing Approved

Shooting-For-800 — Thu, 27 Jun 2019 13:46:53 GMT

@Anonymous wrote:
As my previous post, I paid most of the balances down to $0 and boosted my credit score. My goal was to get a car of my own, which I went today and had a test drive and all that blah blah thing. Half hour, we went all over the paperwork and applied for financing with Captial One. Was approved for $31k, I put $3k down and dealership gave me so much rebates about $7k so basically I only get the loan for $23,997 plus taxes, titles, fees, insurance, extended warrarnty. All comes to $25,015.88. Monthly payment is only $151.28 at 11.77% APR. They pulled TU score of 733.

Picture of my new car!

There is no way in the world your payment is under $200.

CHECK your paperwork NOW.

$200 x 72 = $14,400

You payment should be between $486 (72 months) and $554 (60 months) !

I hope you just had a typos.....

Also, why is your interest rate so high (11.77%) with a 733 fico?

I got 2.49% for 72 months with Cap One with a fico slightly below 700.

I am not trying to rain on your parade but there are several issues you need to review immediately.

Re: Captial One Auto Financing Approved

LakeLife — Thu, 27 Jun 2019 13:40:29 GMT

@Jnbmom wrote:
Congrats on your new ride

Are you sure about that payment though? How many months is the loan 25K at 11% . seems like payment should be higher??

Congrats and nice car, but no way those are your payments unless you took out a 30 year loan or something. Even at 84 months (!!!) I calculate your loan at $438 a month.

Re: Captial One Auto Financing Approved

Shooting-For-800 — Sat, 29 Jun 2019 13:41:25 GMT

@IrishGuy77 - double check your paperwork!

Re: Captial One Auto Financing Approved

Jnbmom — Thu, 27 Jun 2019 15:35:51 GMT

Yes as I stated earlier there isn't any way that is your payment, something is wrong there???

Also that rate is outrageous if that is in fact your credit score!!!!

Re: Captial One Auto Financing Approved

Velar_nyc19 — Fri, 28 Jun 2019 00:27:56 GMT

@Anonymous wrote:
As my previous post, I paid most of the balances down to $0 and boosted my credit score. My goal was to get a car of my own, which I went today and had a test drive and all that blah blah thing. Half hour, we went all over the paperwork and applied for financing with Captial One. Was approved for $31k, I put $3k down and dealership gave me so much rebates about $7k so basically I only get the loan for $23,997 plus taxes, titles, fees, insurance, extended warrarnty. All comes to $25,015.88. Monthly payment is only $151.28 at 11.77% APR. They pulled TU score of 733.

Picture of my new car!

That is good, CAP1 gave me a 11% loan too just out of bankruptcy for a 29k car, they are the best for people who got discharged and want to rebuild asap. My score were in the low 600s.

Re: Captial One Auto Financing Approved

shoegal — Fri, 28 Jun 2019 01:41:28 GMT

@Velar_nyc19 wrote:
@Anonymous wrote:
As my previous post, I paid most of the balances down to $0 and boosted my credit score. My goal was to get a car of my own, which I went today and had a test drive and all that blah blah thing. Half hour, we went all over the paperwork and applied for financing with Captial One. Was approved for $31k, I put $3k down and dealership gave me so much rebates about $7k so basically I only get the loan for $23,997 plus taxes, titles, fees, insurance, extended warrarnty. All comes to $25,015.88. Monthly payment is only $151.28 at 11.77% APR. They pulled TU score of 733.

Picture of my new car!

That is good, CAP1 gave me a 11% loan too just out of bankruptcy for a 29k car, they are the best for people who got discharged and want to rebuild asap. My score were in the low 600s.

The OP’s score is 733 assuming is a FICO score. The APR should have been much lower. When I got mine this March, my score was 698 and I got a 2.9% with Chase and Capital One had me at 3.9% so OP with a 733 score should had gotten a much lower rate.

Re: Captial One Auto Financing Approved

Shooting-For-800 — Fri, 28 Jun 2019 03:07:24 GMT

I really hope OP had some typos.

Re: Captial One Auto Financing Approved

Anonymous — Fri, 28 Jun 2019 03:15:21 GMT

@Shooting-For-800 wrote:
I really hope OP had some typos.

Agree!

Re: Captial One Auto Financing Approved

KLEXH25 — Sat, 29 Jun 2019 04:39:45 GMT

There are A LOT of factors that can make your interest much higher, even with a decently high FICO score. Trust me, I know from personal experience and was rejected left and right. Only a couple of banks approved me. The payment however doesn’t add up.

Re: Captial One Auto Financing Approved

Anonymous — Sat, 29 Jun 2019 20:47:29 GMT

Guys, I was on the phone and that is why I couldn't type right and was in hurry. Yes, its typo, my bad!

The correct info: APR is 1.17% and monthly payment is $292.69 for 84 months.

Thanks for the heads up, I apolgize.

Re: Captial One Auto Financing Approved

Anonymous — Sun, 30 Jun 2019 04:19:41 GMT

You got 1% on a 84 month term? From capital 1? Thats is pretty dang low for that term...

Re: Captial One Auto Financing Approved

Shooting-For-800 — Sun, 30 Jun 2019 23:49:30 GMT

Um...ok.

Re: Captial One Auto Financing Approved

Anonymous — Tue, 09 Jul 2019 17:22:28 GMT

@Shooting-For-800 wrote:
@Anonymous wrote:
As my previous post, I paid most of the balances down to $0 and boosted my credit score. My goal was to get a car of my own, which I went today and had a test drive and all that blah blah thing. Half hour, we went all over the paperwork and applied for financing with Captial One. Was approved for $31k, I put $3k down and dealership gave me so much rebates about $7k so basically I only get the loan for $23,997 plus taxes, titles, fees, insurance, extended warrarnty. All comes to $25,015.88. Monthly payment is only $151.28 at 11.77% APR. They pulled TU score of 733.

Picture of my new car!
.

There is no way in the world your payment is under $200.
CHECK your paperwork NOW.
$200 x 72 = $14,400

You payment should be between $486 (72 months) and $554 (60 months) !
I hope you just had a typos.....

Also, why is your interest rate so high (11.77%) with a 733 fico?
I got 2.49% for 72 months with Cap One with a fico slightly below 700.

I am not trying to rain on your parade but there are several issues you need to review immediately.

Totally agree.

Re: Captial One Auto Financing Approved

Anonymous — Tue, 09 Jul 2019 22:11:00 GMT

Don’t wanna rain on your parade here Irishboy , but they got you good !!! /:

Re: Captial One Auto Financing Approved

EddieK — Fri, 12 Jul 2019 02:57:06 GMT

Unless it's a captive lender, no bank is giving out 1.17% auto loans, no matter the length.

Re: Captial One Auto Financing Approved

Anonymous — Mon, 22 Jul 2019 12:21:24 GMT

Where the new numbers "kind of" add up the intrest rate is awfully low 1.77% . Just make sure the dealership isn't trying to pull a fast one. anyways Nice Ride.