Auto loan with 6yr old settled repossession

Anonymous · ‎06-01-2019

Can anyone give advice on what chances are of getting appoval? I was pre qualified by Capital One Auto. Currently rebuilding credit and paying off credit card balances. Will have a trade( no balance, appx value 1500) and down payment of 1500. Current fico score 650, expected to go up at next update.

Anonymous · ‎06-01-2019

CapOne Auto Nav is pretty solid. I used them for 2 loans sans spouse. Did AutoNav give you an approval amount to work with? If so, you'll be okay.

Anonymous · ‎06-01-2019

No approval amount, I contacted them about this. They were not able to give me any info. Its through the Navigator, only have a reference number, when I use Navigator, my interest rate varies from 7.3 to 10+. I have been at my employer for 20 yrs and 64000 salary. I wasnt familiar with them and have read reviews which some are pretty bad.

Anonymous · ‎06-01-2019

The process itself is very easy. I think most of the reviews are based on auto finance after purchase. When you input your reference number you don't get a loan amount? I don't know if they have changed since I last used them (Sept) but you should get a loan amount at least. the APR will be based on the vehicle you find and the terms you select.

Anonymous · ‎06-01-2019

No I can only view refernce number, I didnt see anywhere to enter it.

Anonymous · ‎06-01-2019

Looks like they have changed things up again. Have you logged in and selected a car and put in your terms and it given you a specific APR and payment? If it does that, then you should be okay. Odd that when you call no one could tell you what your approval amount was though.

Anonymous · ‎06-01-2019

Yes, very odd. Yes, when I select cars it gives me financing options. Just trying to avoid "surprises' at the dealship. Thank you!

Anonymous · ‎06-01-2019

Good approval odds through Cap One.

Anonymous · ‎06-01-2019

Successfully used Auto Navigator end of April this year. No issues.

Anonymous · ‎06-01-2019

We didn't get an amount or set apr. If you play around with the numbers (i.e. Offer amount, down payment or not, etc,.) then you'll get information that you can use when you go to the dealership.