This will result in a hard inquiry on your credit report and will impact your credit score. If you like an offer, move forward with a credit application. Step 2: Choose your offer and submit your credit application.If you pre-qualify, you can browse your auto refinancing offers and savings with no obligation to move forward. Submit a pre-qualification request with no impact to your credit score. Need to access your submitted application? We may determine a vehicle to be commercial or otherwise ineligible based on the model and/or information provided to us. You must be up to date on payments for both your existing loan and if applicable, your mortgage loan.Ĭapital One finances new and used cars, light trucks, minivans, and SUVs that will be used for personal use.Ĭapital One does not refinance vehicle makes no longer in production (such as Suzuki or Isuzu), commercial vehicles, motorcycles, recreational vehicles (RVs), ATVs, boats, camper vans, motor homes, vehicles with a history of chronic malfunctions and/or manufacturer or dealer buyback (alternatively referred to as a lemon) vehicles, salvage title vehicles, branded title vehicles, lease buyouts or vehicles without a Vehicle Identification Number (VIN) or title issued. Most banks, credit unions, and larger auto finance companies meet these requirements.Īt least one applicant/co-applicant must be listed as a registered owner on the vehicle title. Your current lender must be 1) currently reporting your loan to a major credit bureau, 2) FDIC or NCUA insured, or 3) both Better Business Bureau Accredited and a state registered lender or state registered auto dealer. Your current loan must not be with Capital One Auto Finance. Your maximum loan amount may be based on key factors including your income, credit characteristics and the vehicle you are refinancing. Basic requirements to qualify for our refinancing program include the following:Ĭapital One Auto Refinance offers a minimum loan amount of $7,500 and maximum loan amount up to $75,000.
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