![]() ![]() While choosing from a participating dealer can limit your car-shopping choices, Capital One’s network consists of 12,000 dealerships nationwide. Types of Auto Loans Available Through Capital One Auto FinanceĬapital One provides several auto financing options that you can use only at participating dealerships. If you are applying for a Capital One car loan with a cosigner, they will need to be prepared to provide all the above information, too. Proof of income, like a copy of a pay stub or three recent bank statements (if you’re self-employed)Ĭapital One does allow cosigners, which can increase your chances of being approved if you have poor credit.Proof of residence, like a copy of a utility bill or a mortgage statement.Financial information, including your annual gross income and contact information for your employer.Personal information, including your address, email address, your driver’s license, and your Social Security number.When you’re ready to apply for a car loan, you’ll need to provide the following information: However, you can’t use these car loans to purchase Oldsmobile, Daewoo, Saab, Suzuki, and Isuzu vehicles. Capital One auto loans are available to residents of all states except Alaska and Hawaii. Depending on your credit score, you will also need a minimum monthly income of at least $1,500 to $1,800. To qualify for a Capital One auto loan, you’ll need a minimum credit score of 500. Capital One Auto Finance Application Requirements So if you consider an auto loan from Capital One, you’ll be working with a known lender that’s already well-established in the auto industry. It offers credit cards, mortgages, auto loans, and more. With a required minimum credit score of just 500, Capital One is an option whether you have poor credit or excellent credit.įounded in 1988, Capital One has grown to become one of the largest banks in the United States. Want to make sure you get the best auto loan?Ĭompare Capital One Auto Finance with Other Lenders Capital One Auto Finance OverviewĬapital One Auto Finance can be helpful if you want to comparison-shop and check rates before you’ve found a vehicle that you want to purchase. ![]()
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