The Capital One Auto Navigator makes shopping for your desired car very easy. However, the question is, does Capital One Auto Navigator affect credit score? Well don’t worry as I am here to provide you with an answer.
Because of the role ones credit score plays in the approval or rejection of loan applications, most borrowers find themselves thinking if they stand a chance of being granted a loan/financing with their credit score. Hence as a result wouldn’t want to do anything that will further reduce their credit score.
But what at all is the Capital Ome Auto Navigator?
What The Capital One Auto Navigator Is About
The Capital One Auto Finance Navigator makes the whole financing and shopping for your desired car alot more easier. With the Navigator, you can actually apply ror prequalification to see how much you can borrow and have an idea of the rates to expect as well as amount to pay each month.
Because it offers you the opportunity to search for your desired car, brand, model, etc from any of their chosen partnered dealers, you get to spend less time with tg dealer when you visit.
All you have to do is to Get Pre-qualified then Find a car . Next is to fine-tune the deal (looking at repayment amount, loan term, check the rates,etc) to a form that suits you. From there, you can now visit the chosen dealer from their partnered dealerships with your auto Navigator to complete the process.
And within a few minutes or hours, you should be out of the dealership driving in your new car. But does the Capital One Auto Navigator affect your credit score?
Does Capital One Auto Navigator Affect Credit Score?
No! The auto navigator does not affect your credit score in any way. There is no impact on your credit score because when you submit for prequalification, what Capital One does is only a soft pull on your credit score which does not affect your credit score at all.
FREQUENTLY ASKED QUESTIONS (FAQ)
Q1. How can I check the status of my Auto Navigator prequalification application?
To check the status of your auto navigator prequalification request, you must Login to Auto Navigator using your last name, zip code and the last four (4) digits of your Social Security Number (SSN).
Q2. Are there specifications on the kind of vehicles I can finance?
Basically, if you wish to finance with Capital One Auto Finance company, then the vehicle must either be a new or used car, SUV, truck or minivan intended to be used for personal use and sold by any of their partnered dealerships.
Additionally, the vehicle must not exceed 10 years with total distance covered not exceeding 120,000 miles.
Q3. What do I do if the dealer asks about my Auto Navigator prequalification offer?
Incase the dealer asks you about your prequalification offer, you can contact Capital One on their toll free number 1-800-689-1789 during working hours and they will handle all your questions.
Working Hours are Monday to Friday 9am to 9pm and 10 am to 7pm on Saturdays.