The advantages of pre-approval through Capital One auto finance are that an individual knows his buying power before shopping, has a fixed finance rate as low as 1.99 percent and has the advantage of knowing the estimated monthly payment before speaking with a dealer, according to Capital One. Additionally, Capital One has a network of over 12,000 dealers, giving customers a large number of brand and style options to choose from.Continue Reading
Choosing to refinance an auto loan with Capital One allows individuals to lower monthly payments, states Capital One. As of 2015, customers lower payments by approximately $737, on average, by choosing to refinance. A simple process allows customers to determine if they can lower their car payments with this service.
Simple to use online tools such as a dealer locator,and auto loan calculator are available on the direct website of Capital One, according to the company's website. Additionally, customers can set up recurring payments with a routing and account number, making the payment process hassle-free. The payment due date may also be moved by up to 15 days, and additional or extra payments can be made. When a person pays more than the monthly payment, the excess is applied to the balance on the vehicle.Learn more about Credit & Lending