cancel
Showing results for 
Search instead for 
Did you mean: 

Capital One Auto Navigator

tag
Anonymous
Not applicable

Capital One Auto Navigator

Ch 13 discharged June 6 2017. Currently Pre-qualified CAPITAL ONE for $40k APR 3.94%-8.9% depending on vehicle/finance factors ... do I tell dealer up front about pre-qual or negotiate first?..Seen some back and forth on this...will the dealership still run credit & try to approve i.e. beat cap 1 finance? Any other good options for auto finance. Will I definitely be approved when I go to dealer? Thanks much!
Message 1 of 7
6 REPLIES 6
ptch7116
Member

Re: Capital One Auto Navigator

I would be upfront about the pre-qual, and see if they will compete by offering BOTH a better interest rate, and of course, an acceptable deal on the car. Smiley Wink 

I just purchased a new car on Monday. Of course, I was worried about embarassment, but I found it just wasn't a big deal (at all).  They want it to work, as much as you do.

Filed BK7: 12/2013 - Discharge 03/2014
Starting scores 12/2013: EQ 655 / TU 648 / EX 656 (no late payments)
FICOs (6-2017): 682 EQ FICO | 665 TU FICO 06/2017 | 679 EX FICO 06/2017
CC Utilization: 9%
Established since BK:
$6.5k Cap1 Quicksilver | $5k Cap1 Plat | $2k Barclays (Apple) | $290K FHA Mortgage (7-2016) | $80k Infiniti FS 1.9% (auto 6-2017)
Message 2 of 7
Anonymous
Not applicable

Re: Capital One Auto Navigator

Great, thanks for the input.  Will probably be upfront, hopefully it will all work out.  Anyone know if those APR rates ar considered decent considering recent discharge and no credit....  ONce we get the auto loan approval, hope to see credit rebuild kick in a little....

Message 3 of 7
kberly69
Frequent Contributor

Re: Capital One Auto Navigator

I used them as well for my car purchase 3 months after discharge. I did tell the dealer and he ran my credit and came up with all denials except one at a rate almost twice what I got from Capital One. I feel like anything in the single digits is good that close to discharge. I got 4.24% on a 2014 Escape for 72 months with nothing down. He told me he had someone coming in later to buy at 20-some%, which has to make for an ugly car payment! I've been totally happy with them.


CH7 BK Discharged 10/16
Oct/Nov 2016: EQ 632 TU 532 EX 573
Feb 2017: EQ 695 TU 673 EX 670
March 2017 EQ 702 TU 676 EX 673
April 2017 EX 683 (TU & EQ unknown)
May 2017 EQ 695 TU 685 EX 693
Feb 2018 EQ 704 TU 687 EX 694

9/24/20: 4 years from discharge FICO 8: EQ 751 EX 765 TU 766 FICO 9 EQ 814 EX 804 TU 821
Message 4 of 7
Anonymous
Not applicable

Re: Capital One Auto Navigator

Thanks for making me feel  better Smiley Happy. We really need a SUV to replace our suburban, but most of the ones available on the website are former Rentals with high mileage.  We'll keep looking on the site, maybe something else will pop up. Thanks for the information!

Message 5 of 7
Anonymous
Not applicable

Re: Capital One Auto Navigator

I just used Capital One Navigator this week to purchase a new vehicle. First of all, it was a very easy process. Just apply and get pre-qualified. My rate was 4.28 to 8.78. 16 months after Chapter 7. The salesperson ran my info thru Cap 1 after I chose the car and came back with a 4.77. He asked me if I wanted him to check and see if he could get a better rate and stated this would result in multiple hard pulls. I use a few free credit monitoring sites and i just received an alert after he put my info into Cap 1. Multiple pulls within a 14 day period for Auto loans only count as 1....so I gave my approval, but nobody could beat the 4.77. It was a stresd free once I found out my rate. FYI....if possible..have finance approval before you step into the dealership. Some Dealerships have relationships with banks and credit uions and can receive monitary rewards/kickbacks for getting buyers approved. Example: ABC credit union approves my application for 3%. The Dealer knows I was approved for 4.77 from Cap 1. The dealer tells me the Credit Union approved me for 4%. I accept. The dealer gets a bonus of $250-$500 for getting the Credit Union the extra 1%. I learned this from a previos Auto Finance guy.
Message 6 of 7
Anonymous
Not applicable

Re: Capital One Auto Navigator

DH and I bought a car thru Cap One within 2 weeks of BK13 discharge. Super easy! Once we picked a car, the dealership ran it thru cap one and we got a 4.9 rate. They tried to beat it but couldn’t. I caution you against letting them run your credit though...we had tried with a couple other dealers before finding cap one and ended up with multiple hard pulls for auto loans NOT coded as auto loans by various banks.

We refinanced with PenFed the month after approval for a 2.75%. Super easy! Doubt they would have approved us for the original loan but they had no issue taking on an existing loan. Good luck!
Message 7 of 7
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.