I am coming out of a divorce..my credit score was 600 TU and 685 Equifax. I just started my job after being a stay at home mom for 16 yrs. I applied, prequalified for rate between 2.9 and 12. They required NO documentation. I found my car..played with the numbers. Went to dealership, was super nervous....just too easy and to get approved upto 32k with not great credit. The dealership was great, ran the credit app through Cap one... my deal was exact same as on my letter.. no docs requested. Same terms, ect..left with a 2014 with 25k miles. I am a happy customer! I do have a small line credit card with capital one I have had for a long time in which I always pay on time. I highly recommend them for anyone with my credit situation.
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Capital One Auto Finance engages in a deceptive practice. For refinance loans, the terms of its note charge interest from the date of execution, whereas it mails payoffs to the previous lenders more than one week later. During this period, Capital One sits on free money, at the expense of the borrower. This practice is being investigated by the South Carolina Office of Consumer Finance, which is part of the state's Board of Financial Institutions.
Had I known this, I would have gone elsewhere. Capital One Auto Finance preys on consumers.