Cap One Auto Credit Rates.....

Discussion in 'Credit Talk' started by dogman, Aug 1, 2002.

  1. dogman

    dogman Well-Known Member

    I was playing in the Capital One site - and noticed the new Peoplefirst auto section.

    I clicked, then saw some offer for their Custom Finance program. I clicked into it and saw they have a chart of rates - not low but gives an idea....

    I have the 12.95% rate - for 72 months -
    I noticed this is considered AVERAGE CREDIT with Cap One Auto....

    Well - that tells you that if you have a discharged Chap 13 from 1996 - Cap One will not give you their BEST rates....

    BUT... they will give you an auto loan with a rate from 11%-15%. No down if you wish.

    Again, I will CHUNK down the balance semi-annually and will continue to double pymts. In 30 days, I will have a CAR WORTH MORE THAN THE LOAN AGAIN - after another $10K payment.

    Wouldn't really want to have to make 72 payments - just a hassle - no online payment....but you can pay by phone for a $6 charge. They do cash my check out of LA the next day - so they are set up well.

    http://www.capitalone.com/capitaloneplace/fa/auto.php?pfid=2000bann0202


    SO - Cap One is going after the auto market...makes sense....

    aarrrrff - dogman
     
  2. blewis

    blewis Member

    Dogman...

    I tried Lendingtree.com. I received an offer from WFS Financial to refinance my high interest rate from American Investment Bank. WFS offered me 8.50%. You may want to give them a try.
     

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