I was just wondering if anyone has ever used Capital One Auto Finance and how their experience was?? How did it work? etc? We got a pre approval letter and I seriously need a different vehicle.
2007-09-19 03:26:30 · 6 answers · asked by janierenel 3 in Business & Finance ➔ Credit
Auto finance is what I do for a living and Capital One is one of my largest lenders.
If you are in need of a new vehicle I would encourage you to take advantage of their offer.
The last time I had a Capital One sale they approved almost everyone that came in and it was very smooth.
Anyone can have a bad experience with a lender if they do not pay their bills as agreed.
2007-09-19 03:49:19 · answer #1 · answered by ? 7 · 2⤊ 20⤋
Capitol One Auto Financing
2016-10-28 06:01:45 · answer #2 · answered by ? 4 · 0⤊ 0⤋
My sister just bought a car and financed using a pre-approval from Capital One, it went very smoothly, the interest rate was good and she is very happy.
2007-09-19 04:19:11 · answer #3 · answered by Craig T 6 · 0⤊ 0⤋
When I purchased my car a few years ago, our credit was shakey, and we used Capital one, and have had good dealings with them. If you are late they will call you everyday, but if you have a serious problem they will work with you and let you for a small fee forebear it for a month they key as to with any lender is communication.
2007-09-19 12:22:42 · answer #4 · answered by Pengy 7 · 0⤊ 0⤋
OK lesson One
If you use credit to buy a car , say 20 grand by using credit , and paying the interest , you will pay 26 or more grand for this car ,and by the time it is paid for it is worth 5 grand
Saving the money , if you use cash you can offer them 15 for the car , you have no payments , and in a few years when the car would have been paid off by financing and the car is worth 5 grand , you will only lose 10 grand , which as bad as that sounds , here comes your friend "good credit" by using your "good credit " you will have paid about 26 grand for this car if not more , minus the 5000 dollar value , you have lost $ 21,000.00 for your good credit ....
Good credit means you are a bigger sucker for the credit trap , credit allows you to buy things for a higher price with money that is not yours ....Cash saves you money ...
it is quicker despite the billions in advertising these credit companies spend , as far as the " I can get robbed with cash " ...when you lose 21 grand on a car by using credit , who is really getting robbed ...How often do you get held up ??? ...If you use credit you get robbed everyday ,
And do not be fooled by the pre approved letter , that just means they got your name from a mailing list , you still have to get approved , and most of the time you have to take out a higher interest small loan , and work your way up .......Read the small print..............and most new tricks they use are even though you have an APR , there is still a monthly varible rate of interest ...so be careful , they are stalking you , they want all of your money ....
2007-09-19 03:47:46 · answer #5 · answered by Insensitively Honest 5 · 0⤊ 6⤋
Hi,
You can visit http://www.autoloanguide.info for some useful info related to your query. Good luck!
2007-09-19 04:04:52 · answer #6 · answered by Anonymous · 0⤊ 0⤋