CapitalOne Review: It's More Than Just a Bank!
CapitalOne Review: It's More Than Just a Bank!
Pros
Cons
Quick Stats
It is difficult to find an auto loan service that can do it all for you. But, whether it’s finding a vehicle, requesting a loan, or refinancing a loan, CapitalOne does do it all for you. In addition, CapitalOne has earned great feedback from its customers praising their APR rates and general experience with the company. How does CapitalOne do it, though? Read our review to find out what makes them so good.
CapitalOne is more than your standard bank, it offers personal and auto loans customized to your needs. It also provides loan refinancing to help you save money and lower your interest rate. With CapitalOne, you can shop for any car by make, model, or VIN, and you can also browse through cars by choosing their body style and features. Car reviews are also available for you so you can research the car you desire.
The first step is always to get prequalified. If you already have a bank account with CapitalOne, they offer to pre-fill the form for you; if not, you will have to fill it out yourself. There are also quite a few listing features for the available cars that you can go through; check them out below to know more.
Listing Features
1. Personalized auto loan based on your financial information.
2. A handful of filters to narrow down your options.
3. Prequalification takes no more than a few minutes.
4. No minimum credit score is required.
With 42 car brands at your disposal, you search through them all while applying the filters you want to find your perfect car. Listing features include:
| Listing Features | |||||
|---|---|---|---|---|---|
| Distance | Condition | Make | Model | ||
| Trim | Price | Year | Mileage | ||
| Bluetooth | Body Style | Exterior Color | Interior Color | ||
| Drive Train | Transmission | Engine | Fuel Type | ||
| MPG | Cooled Seats | GPS Navigation |
Rear View Camera |
||
| Sunroof | Third Row Seats | Tow Hitch | Heated Seats | ||
From the comfort of your couch, you can browse through all of the above listing features to find the car you need. If mileage and pricing are the attributes you care about most, you can sort your car-browsing from highest to lowest price and mileage.
CapitalOne also gives you the option to browse your nearest car dealer; their google interactive map will pinpoint their locations for you, give you their address and a link to view their inventory.
CapitalOne Financing and Prequalification
To get your personalized financing options, you will need to apply for prequalification. It Is always the first step when looking for an auto loan. Then, you enter a few details about yourself, your income, and your budget, and CapitalOne does the rest for you.
But first, you need to provide some information to create an account, starting with your:
- First name
- Middle name
- Last name
- Home address
- Date of birth
You will also be asked for some documentation, which includes:
- Proof of Income
- Proof of Residence
- Proof of Employment
- Vehicle Title
- Limited Power of Attorney to Modify Vehicle Title
Prequalification will not affect your credit score, and you have no obligations to go through with making a deal; you just get to view your financing options and see your actual monthly payments as you search for your car.
CapitalOne loan refinancing
CapitalOne also offers loan refinancing according to your goals. You set your refinancing goal, whether it is for saving money, paying off faster, or lowering your APR; CapitalOne makes it easy for you. If you are not sure whether you should refinance your loan or not, you can fill out the prequalification form, and CapitalOne will do the rest and best for you.
Warranty and Protection
The carmakers themselves only provide car warranty and protection. CapitalOne provides extended warranties to their customer’s bank accounts or credit cards.
Customer Support
Your questions and queries can be delivered to CapitalOne’s customer support in multiple ways:
- Phone support
- Email
Conclusion
CapitalOne offers multiple financing solutions including auto loans for both new and used autos. In short, The prequalification process takes a few minutes only and it requires some information to get the client a personalized offer.
FAQs
No, prequalification does not affect your credit score in any way.
There is no minimum credit score required for applying for a loan. The lower the credit score, however, will result in higher interest rates and the higher the credit score, the lower the rates.
To access your auto loan online, you need to register for an account for online banking.
You will need to sign in to your online account or Capital One® Mobile App and select “Make a Payment”. Then, you will be able to make a one-time payment, schedule recurring payments, or pay off your loan.
Yes, you can pay any amount up to your Payoff amount online.