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
I say your chances are good I was approved with Capital one @ $55k with 6%
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.
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How was your overall expierence using capital one for auto financing?