Sit tight and read along as I guide you through on how Capital One Auto Finance Navigator works and all the necessary information you need to know about the program. Capital One Auto Navigator is there for clients to easily finance their cars. However a lot of people are still missing out on how to use it. Don’t be one of them!
What is Capital One Auto Navigator?
The Capital One Auto Finance Navigator is a program by Capital One that makes it possible for car buyers to pre-qualify and see their financing options without having any impact on their credit score. It also helps buyers see real rates and monthly payments whiles searching for their desired car and reducing the amount of time to be spent at the dealer.
READ ALSO: How To Contact Capital One Auto Finance
How Capital One Auto Finance Navigator Works.
The Capital One Auto Navigator is easy to use and saves you time whiles qualifying you in advance without affecting your credit score. Check out how it works below;
Pre-qualify for Auto Finance
The auto navigator makes it possible for you to submit a request to prequalify for a Capital One Auto Finance even before going to a dealer. This makes it possible for you to know whether you qualify or not right on the onset before going to the dealer hence saving you a lot of time.
One good news is that, prequalification doesn’t affect you credit score but makes it possible for you to see your APRs, monthly payments and also gives you a list of vehicles you might be interested in.
Find Your Car
The auto navigator helps you to have access to the inventory of participating dealers to search and find the car that works for you looking at your budget and probably your lifestyle.
The number of cars a dealer displays for sale on the platform depends on the dealers themselves as Capital One has no control over that. However, you can still use your prequalification at any of the approved dealers.
Kindly note that when you prequalify for a loan, you can only buy a single personal use car.
Personalize your offer
You get to tweak your offer to suit you like down payment, duration of the loan, etc. to come up with a deal that is best for you.
Visit the dealer
What’s left to do now is to visit the dealer to make purchase by showing them your Auto Navigator prequalification offer for the car you wish to finance. You can test drive, fill a credit application and provide any other information that will be needed to complete your financing.
Eligibility Requirements and Restrictions
If you want to prequalify, there are certain eligibility requirements and restrictions you must be aware of. They are;
- You must be at least 18 years and above
- Valid street address within the contiguous United States
- A valid APO/FPO
- A minimum monthly income of $1,500 or $1,800 which is dependent on your credit score.
- Delinquent, past due and over limit existing customers may not be eligible.
NB: auto navigator is in all other states except Alaska or Hawaii and also those not accept Post Office addresses.
READ ALSO: Capital One Auto Finance Mailing Address
There are certain restrictions you must take note of as a well as a borrower. It may be vehicle type restrictions and amount financed restrictions.
- Capital One prequalification can only be used at approved dealers (about 12,000 of them)
- the vehicle must be a new or used car, light truck, minivan or SUV for personal use
- It must have less than 120,000 miles and its model year must be with the last 10 years.
- Minimum amount to prequalify is $4,000 for new and used vehicles
FREQUENTLY ASKED QUESTIONS (FAQs)
Q1. How do I check the status of my Auto Navigator prequalification request?
To check the status of your Auto Navigator prequalification request, simply log into Auto Navigator HERE
READ ALSO: Capital One Auto Finance Telephone Number
Q2. How do I search for vehicles?
Click HERE to search for vehicles
Q3. How can I find a specific car or dealer I’m looking for on Capital One Auto Navigator?
You can find a specific car or dealer on the navigator by clicking HERE and then filter your options. In case you don’t find the specific vehicle on the Auto Navigator, you can still use your prequalification at the dealer.
Q4. What do I do if my pre-qualification expires?
Note that your prequalification offer expires 30 day after your prequalification request is received by Capital One. Hence try to use it on or before the expiration date.
You can as well resubmit your information to check whether you are eligible for a new offer. It is however very likely that the decision status or terms of the offer could change.