As you probably must be aware of, Capital One Auto Finance is one of the very top auto finance companies in the United States. And in this article, I’ll provide you with all the information you need regarding Capital One Auto Finance Loan Payoff.
Capital One Auto Finance has provided auto financing to millions of Americans over the years and for that matter values its customers alot. So if you’re here, then my guess is you plan on paying off your auto loan earlier than the agreed date and its perfectly acceptable.
That is why I have dedicated this article to talk about the this article, I’ll provide you with all the information you need regarding Capital One Auto Finance Loan Payoff.
READ ALSO: Capital One Auto Finance Account Setup
What Is The Payoff Amount?
The Payoff Amount is how much you will have to pay to completely fulfil the terms of your loan agreement and is different from your loan balance. Your Payoff Amount is basically made up of your full principal balance, accrued interest and any other fees that comes with paying off your loan.
Where To Find Your Capital One Auto Loan Payoff Amount
You can find your Capital One Auto loan Payoff amount by calling them on phone or by signing in to your online account or the Capital One Mobile App.
- Click HERE to sign in to your online account and check your Payoff Amount or on the Capital One Mobile App
- Alternatively, you can Capital One Auto Finance via phone on 11-800-946-0332 for your Payoff Amount.
NB: whatever quoted amount you get only lasts for 10 days. Failure to pay that amount will mean you’ll get a different payoff amount.
READ ALSO: Capital One Auto Finance Independent Dealers
FREQUENTLY ASKED QUESTIONS (FAQ)
Q1. How Can I Payoff My Auto Loan?
There are about 5 or 6 payment methods available for you to Payoff your loan. They are;
- Through your online account by signing into your account HERE
- Via the Capital One Mobile App
- Via phone by contacting them on 1-800-946-0332
- Moneygram or Western Union
- In person by visiting any Capital One Branch office.
- Through mail by sending a cashier’s check, personal check, or money order together with the payment coupon in your monthly statement to any of the following addresses;
Regular Mail – Capital One Auto Finance, P.O.Box 60511, City of Industry, CA 91716 or
Overnight Mail – Capital One Auto Finance, 2525 Corporate Place 2nd Floor Suite 250 Monterey Park, CA 91754
Q2. Does How I Payoff Really Matter?
yes! The payment option you choose to Payoff your loan matters as it determines your lien or title release timing. For example when you Payoff via Moneygram, Western Union, cashier’s check, debit card, or at a Capital One bank, the lien release process immediately begins on the next business day.
However, if you Payoff via phone, online, Capital One Mobile App, personal or business check, then the release process may not begin until after five (5) from when payment was received.
Q3. Can I Refinance My Capital One Auto Loan With Them?
No! Capital One Auto Finance does not refinance loans its loans. However it does refinance Auto loans you have with a different lender.