Box addresses are not eligible for refinancing. Applicants must have a valid physical street address within the contiguous United States at the time of application. You must be at least 18 years of age to apply. You must be in good standing on your mortgage and auto loan payments. To pre-qualify for refinancing, you must be in good standing (not over limit, past due, or charged off) on any other existing Capital One account. You will also need to provide us with Title Transfer documents that vary by state. The Capital One Customer Service team will then begin to process your application, and may call you to verify the information submitted on your application. Finalize: E-Sign your contract, enter in your current lender details, and if needed, send in any supporting documents. Credit Application: Select the offer that you want, review the information you entered and complete the credit application which will result in an inquiry posted to your consumer credit report and may impact your credit score.Pre-Qualification: Submit an application to see if you pre-qualify to refinance your current auto loan with no impact to your credit score.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 your income, key credit characteristics, and the vehicle you are refinancing. Payoff amount on your current auto loan must be between $7,500 and $50,000. Basic requirements to qualify for our refinancing program include the following:
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