Capital One Blank Check

[taz3261]

Worked great for me...had no problems in the past.

[Nashay]

I used the Cap1 blank check Aug 2011 and purchased a 2012 Hyundai Accent. It was very easy and no downpayment or out of pocket money. Puts you in total control. I had a great interest rate that no dealer could beat. The check however works best for new vehicles only. When trying to purchased used vehicles problems arise. The dealer must sell a used vehicle at a certain price but wants you to make up the difference in cash.

[Creditaddict]

Certain price and make up difference?
I don't see how that complicates the blank check... It has to be within a blue book standard of value... If you are not carrying negative equity from another car if you have issues buying a car with blank check without lots down it meAns you are over paying not that blank check is not working.

[masscredit]

I used this when I bought my current car a few years ago.  My scores weren't great then, low 500s so I had a rate of 17.1%.  Only certain dealers are on the list that will accept this year. I received the check and found a local dealer to take it (good, major dealer). All went well. I refied in May of this year. Got a 1.99% rate at DCU. 

Aside from only being able to be used at certain dealers, there are vehicle requirements like it can't be older than x number of years and has to have less than 70k miles on it. 

[HoldingOntoHope]

The age and mileage restrictions are going to apply with almost all lenders not just Cap 1. The only way that any dealer will get around that is with a Buy Here Pay Here format and that is usually a high interest rate deal for those who cannot obtain a vehicle through even second tier financing. Classic cars are a different story and a specialized financing that not all lenders do.