If Approved by Capital One, What are the Odds now??

[firemartinez1980]

I have been looking at purchasing a new vehicle for a month or so now and a few days ago did the "Pre-Qualify" with Capital One since it was no real harm to my credit score....

I was approved for a loan up to $50,000 at 4.5%

If this was approved, what are now the chances I will get an ever better loan/rate at the dealership since they apply with multiple lenders?

Credit Score around 680 and Zero debt besides my current vehicle

[kaylord84]

I say your chances are good I was approved with Capital one @ $55k with 6%

[Shooting-For-800]

OP - with Cap One your deal changes depending on how good of a deal the car is.

Go in and look at new Honda or Lexus and put down $20k for 36 months and you will see the best APR possible with Cap One.

They should let you know what is possible out there.

GL!

[SDMarik]

How was your overall expierence using capital one for auto financing?