topic Re: Capital one auto navigator in Auto Loans

Capital one auto navigator

Anonymous — Sat, 25 Apr 2020 00:04:47 GMT

Just wanted to let anyone know that is car shopping about capital one auto navigator. I just used them to finance a car. The soft pull that gives you your loan amount and apr were literally spot on once they did the hard pull. I will 100% use them again. Easiest car buying process ever.

Re: Capital one auto navigator

AllZero — Sat, 25 Apr 2020 00:08:29 GMT

Thanks for sharing the information!

Re: Capital one auto navigator

KLEXH25 — Sat, 25 Apr 2020 00:55:12 GMT

They are pretty great. Congrats on the new car!

Re: Capital one auto navigator

Shooting-For-800 — Sat, 25 Apr 2020 14:33:38 GMT

Yep!

Super easy and fantastic terms for me.

Congrats!

Re: Capital one auto navigator

Ficoproblems247 — Sat, 25 Apr 2020 14:53:35 GMT

I just ran their prequalify too. Pretty impressed with their offers. When it's time to pull the trigger when things settle down I'll probably go with them. I really like them as a lender overall.

Re: Capital one auto navigator

Anonymous — Tue, 28 Apr 2020 09:30:56 GMT

Congrats on the new car and thanks for sharing. This is what I was literally just looking for.

I am pre-approved through them for up to $50k with apr's from 4-9% for the vehicles I'm interested in. I'm hesitant to pull the trigger though because of the huge difference between them and my pre-approval through Carvana for 16% apr and at 15% though IFS to refinance my current loan.

Wasn't sure if they fluff up the pre-approval just to get you into the dealership and then hit you with a higher apr after your credit application is ran.

Re: Capital one auto navigator

Shooting-For-800 — Fri, 01 May 2020 14:23:33 GMT

@Anonymous wrote:
Congrats on the new car and thanks for sharing. This is what I was literally just looking for.

I am pre-approved through them for up to $50k with apr's from 4-9% for the vehicles I'm interested in. I'm hesitant to pull the trigger though because of the huge difference between them and my pre-approval through Carvana for 16% apr and at 15% though IFS to refinance my current loan.

Wasn't sure if they fluff up the pre-approval just to get you into the dealership and then hit you with a higher apr after your credit application is ran.

I got the exact APR I was prequalified for (2.49% for 72 months).

Told the dealer if he runs my credit through anyone else, I will walk out.

He did not and the entire process was very simple and pleasant.

I did not even have to show POI.

GL!

Re: Capital one auto navigator

Anonymous — Sat, 02 May 2020 07:46:51 GMT

Can you use this loan at any dealership?

Re: Capital one auto navigator

Mv350 — Sat, 02 May 2020 12:09:34 GMT

@Anonymous wrote:
Can you use this loan at any dealership?

Any dealer that works with Capital One, which is a lot of dealerships.

Re: Capital one auto navigator

Dj4Money — Tue, 05 May 2020 16:38:46 GMT

Yes and your pre-approval is your protection from dealer from doing the market rate song and dance.

Navigator stated apr and downpayment amount I needed (min $1000). The price dropped on the car without prompting from me and that dropped my down to a very managable level.

But I left that car as my backup as I was still arguing with dealers on new cars given the crisis even though it was just after the lockdown and the full weight of what's happening hadn't hit yet.

I tried to get something done before my pre-approval expired but I didn't. The plan b dealer not having to go with Navigator can push through anything they want, wanted over $1,000 more down now and called it justifed in doing so.

Not my first time buying a car and no wonder the market is moving toward Carvana and away from franchise dealerships. Whining about margins, making the majority of their money on services and not sales (Auto Nation).

It's been almost 30 days so I can re-apply but the cars that I have saved on Car Gurus have NOT SOLD in that time. Not from the dealers I was working with, they still have those cars. How many people want a Red/Orange car with a manual transmission when the Automatic version of the car is cheaper by $587?

Willing to put down sizable amounts of money, willing to take the hit of 1.5% higher interest and they scream about they can't go any lower.

It's a lie, I got ILL dealers, the Chicagoland area in-fact to drop the price, as they all did. Even with not paying taxes on my purchase (NV and Wash St) the price was still higher.

I even have the sales manager of Car Pros Kia in Renton, WA still emailing to some degree. Still saying she gave me the best deal, she didn't even beat Marsh in Las Vegas.

She gave me HER best deal (maybe)

RANT OVER

PS: Yes USE Cap One Navigator, even if you have bad credit, even if you discharged from BK. I was approved with a 545 TU FICO up to $25,000 though with APR I would have to put down $7500 to spend that much, so the realistic limit was around $20,000

Re: Capital one auto navigator

CivalV — Sun, 10 May 2020 22:13:54 GMT

@Shooting-For-800 wrote:
@Anonymous wrote:
Congrats on the new car and thanks for sharing. This is what I was literally just looking for.

I am pre-approved through them for up to $50k with apr's from 4-9% for the vehicles I'm interested in. I'm hesitant to pull the trigger though because of the huge difference between them and my pre-approval through Carvana for 16% apr and at 15% though IFS to refinance my current loan.

Wasn't sure if they fluff up the pre-approval just to get you into the dealership and then hit you with a higher apr after your credit application is ran.

I got the exact APR I was prequalified for (2.49% for 72 months).
Told the dealer if he runs my credit through anyone else, I will walk out.
He did not and the entire process was very simple and pleasant.
I did not even have to show POI.
GL!

Did you use the offer summary for the vehicle you wanted? I submitted my paystub yesterday to confirm my income. I am wondering if once they update my account after reviewing it, if I will need to bring proof of income again to the dealership?

Re: Capital one auto navigator

Dj4Money — Mon, 11 May 2020 13:01:25 GMT

No, once Capital One verifies everything you are good to go. The website will tell you to bring your DL, proof of INS and whatever down payment you need (cash, debt card, credit card).

There is an offer sheet you can print out, show the offer sheet on your phone (mobile website) or use the Capital One app and show them your phone.

They have to run your credit (HP) to confirm who you are. I wouldn't worry about it too much. I only got pre-approvals and approvals from Capital One and Westlake financial.

Re: Capital one auto navigator

Jannelo — Mon, 11 May 2020 14:08:25 GMT

@Dj4Money wrote:
No, once Capital One verifies everything you are good to go. The website will tell you to bring your DL, proof of INS and whatever down payment you need (cash, debt card, credit card).

There is an offer sheet you can print out, show the offer sheet on your phone (mobile website) or use the Capital One app and show them your phone.

They have to run your credit (HP) to confirm who you are. I wouldn't worry about it too much. I only got pre-approvals and approvals from Capital One and Westlake financial.

This. It was so easy. Cap One never asked for POI from me, but you wouldn't have to bring that anyway to the dealership. Your loan offer is already in place. And you should definitely check with your CU for an offer also. But I guess you could bring POI in case you want them to shotgun your loan to other lenders to see if they can get you a better rate through the dealer if you end up buying new.

I printed the sheet with the number on it and an email, or something else just in case. I brought DL and proof of insurance. I had five cars I was going to look at in order of preference and which fit my criteria. I did all of my research online. I called the first dealership and inquired of all extra fees beyond tax and title. Mazda, where the car was, informed me the sales price was firm, and gave me the dealer's fee amount. He had it washed and waxed and ready for me out front when I came. Mazda isn't allowed to hard sell. They are paid a salary. I had researched the price and was satisified with it being a one owner, non-rental car, excellent condition exterior-wise, and through CarFax accident-free, that it was a good deal. I test drove it and bought it. I was in and out and it was completely painless. It is the first time I've never hated buying a car and/or feeling like I was there all day, or that sick feeling I would have felt this time with them running my lower credit score trying to shop a loan. I knew I had it in place, so you go in with a feeling of confidence, not dread. The Cap One APR, depending on length of loan, was exactly what was on the Cap One site.

Re: Capital one auto navigator

cleansl8tvet — Thu, 22 Apr 2021 07:27:21 GMT

I bet that's because you were accurate with your answers about your income and not exaggerating it. I'm sure the more accurate your answers are to your credit/work/income level the more spot on the results will be to the initial navigator quotes. I am acutally using it right now for 2 vehicles I have narrowed down too and am really hoping I can go in the dealership and get what it states! I got a proof of address request which I submitted, but not a proof of income request yet. I have no problem providing that though.
Once you went to the dealership to get your vehicle did you have to give proof of income and obviously insurance? Just curious how this is gonna go. Also, what type of full coverage are they looking for specifically?

Re: Capital one auto navigator

cleansl8tvet — Thu, 22 Apr 2021 07:39:44 GMT

Yeah! Awesome man! I just got pre approved with capital one autofinance and am excited as I found my dream car actually so I want to be able to walk in there with my terms and say the same thing about them not running anyother credit other than with capital one or I will walk as well. I'm glad I saw someone else do it with good results. I did't get proof of income requested either, just a proof of residence with a utility bill becuase we moved recently. So, when you got to the dealership and filled out the application you didn't have to ever provide proof of income either? If so this would be so less stressful and smoother. I do have it, but the less paperwork and personal information I have to give them and go through the better. All my income is from military pension, va pension, and social security disability totaling a higher amount and don't want to be judged for having all my income from pension and disability at such a young age, I'm in my late 30s and retired for being hurt pretty bad. So that would be great. So, if you put a certain downpayment in the navigator tool and you click and save it to bring to the dealership you should be ok with it matching up to it being accurate once they do the hard app? Let me know. That would be great to know as well. I'm going in the dealership next week on Friday to go through with it and purchase the vehicle I want after I test drive it. Wish me luck. This will be my first autoloan 5 months after my chapter 7 discharge so I'm really looking to it helping rebuild my credit. I forgot to ask you. Is there an option for your monthly car payments to be automatically withdrawn from your bank/credit union checking account each month so there would be no chance of it ever being late? That would be awesome to know as well.

Thanks again and awesome news with your good results with cap 1 as well!

Re: Capital one auto navigator

jcooks — Thu, 22 Apr 2021 14:03:46 GMT

I don't like the new navigator. When I used it on a new vehicle in February 2016, they told me how much I was approved for, and I had a sliding scale to my APR. The higher the price of the vehicle, the higher the APR. Also had options for terms. The lower the length of repayment, the lower the APR. I loved that it went strictly based off of numbers. I literally walked into the dealership, told them I want this car for this price out the door, can you sell it to me for this price? 2 dealerships said no, until finally one said yes. Presented the Navigator and they plugged in the rest and I was then waiting for them to prep the vehicle.

I don't like how the new set up where you have to choose the vehicle. At that point, you cannot negotiate the price of the vehicle whatsoever. I was able to get my vehicle for 33.6k OTD, MSRP was 35k.