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

firemartinez1980
Regular Contributor

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

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

3 REPLIES 3
kaylord84
Frequent Contributor

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

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


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Current Score: Eq 723 TU 665 Ex 682
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Message 2 of 4
Shooting-For-800
Senior Contributor

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

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!

Rebuild started in 2014  -  $100k unsecured credit in 2017  -  $400k unsecured credit in 2021.

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Message 3 of 4
SDMarik
Established Member

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

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



Current Scores:
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Goal Scores:
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currently in the garden until 12/2020
Message 4 of 4
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