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Capital One Auto Loan Calculator, Interest Rates & Overview

Carla Soto
Carla Soto
Updated 27 November 2023
Fact checked

A quick review of Capital One auto loans

Capital One logo

Capital One (Capital) finances and refinances new and used vehicles through its selection of dealers. You can choose from pre-owned and new cars, SUVs, minivans, and light trucks. Whether you’re purchasing or refinancing, you can get pre-qualified without impacting your credit score.

Want to see what a Capital auto loan will cost? Try the Capital One auto loan calculator below! All you have to do is enter your desired loan amount and term to see an estimate. You can use the calculator to adjust your loan amount and term to see how it might affect your monthly repayments.

Key Capital One auto loan features

  • Minimum loan amount: $4,000.
  • Maximum loan amount: Undisclosed, but it depends on your income, credit, vehicle, and/or dealership.
  • Interest rates: Undisclosed APRs.
  • Loan terms: Up to 84 months.
  • Loan fees: No application fees.
  • Discounts: Possible lower interest rates for applicants in good credit standing.

Capital One loan options

New and used vehicle loans

Capital One partners with a variety of participating dealers to provide customers with multiple choices from cars, light trucks, minivans, and SUVs. To finance new and used vehicles, you need to borrow at least $4,000. Then, your maximum loan amount depends on your overall financial situation, vehicle, and dealer. However, note that Capital doesn’t finance vehicles purchased from brokers, private sellers, and non-participating dealers.

Auto loan refinancing

Capital also refinances vehicle loans to help you save more over the life of the loan. For auto loan refinancing, you can finance from $7,500 up to $75,000 depending on your circumstance. However, Capital only refinances loans from other financial institutions, excluding Capital One and its subsidiaries.

Capital One auto loan calculator

Provider
Product Information
EST Monthly
Repayment
Interest
Rate
Repayment
Period
Loan
Amounts
Sort loans by

Loan Amount

$25,000

Term

60 months

Change
Capital One

Capital One auto loan

Capital One auto loan
Estimated Month Repayments
$595 Inclusive of fees
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
GO TO SITE
Get a low interest rate Capital One auto loan
Featured
Achieva Credit Union

Achieva - New Auto Loan

Estimated Month Repayments
$437 Inclusive of fees
Interest Rate
1.89%
APR
Repayment Period
12 months
to 84 months
Loan Amounts
$5,000
to $100,000
GO TO SITE
Low fixed interest rates. Flexible terms. Same-day approvals. No hidden fees.
Featured
Bank of America

Bank of America auto loan

Estimated Month Repayments
$595 Inclusive of fees
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
GO TO SITE
Get a low interest rate Bank of America auto loan

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Minimum and maximum loan periods vary between 1 month and 10 years. Annual Percent Rates (APR) vary between 4.99% and 35.99% p.a. Total interest repayments vary between $592 and $916 over the life of the loan. *APR is based on an unsecured loan of $20,000 over a term of 3 years. WARNING: This APR is true only for the examples and may not include all charges. Different terms, fees or loan amounts might result in a different APR. These rates can change without further notice.

How to apply for a Capital One auto loan

Eligibility criteria

  • Must be 18 years old or older.
  • Either be employed or have a steady source of income.
  • A stable credit history.

To get pre-qualified, Capital One requires a minimum monthly income of $1,500 or $1,800 based on your credit. Try to check your credit score, too. Borrowers in good credit standing typically receive lower rates and more flexible terms.

What you’ll need to have ready:

When you apply for auto financing with Capital, you’ll be asked to provide personal information such as:

  • An email address
  • Your full name
  • Address
  • Social Security number
  • Employment information
  • Income details
  • U.S. citizenship status
  • A list of monthly expenses

You may need to provide Capital One with additional documents to complete your loan request. These documents may include a purchase agreement or bill of sale, car registration and title, proof of income (such as federal tax returns and W-2s), and financial statements.

In case you plan to refinance your existing auto loan, you may also need a limited power of attorney agreement. Plus, your vehicle should be 10 years old or newer, and you should be up to date on your payments.

Ways to apply for a Capital One auto loan:

  • Apply online by clicking the GO TO SITE link in the table below
  • Visit a branch
  • Call 1-800-946-0332

Additional Capital auto loan details

  • Automatic payment: Available.
  • Loan approval times: Undisclosed, but it may take a few hours to a couple of weeks.
  • Rate discounts: Potential lower rates for borrowers with higher credit scores.
  • Repayment frequency: Monthly.
  • Late payment fees: Yes. Amount unspecified.
  • Prepayment penalty: None.
  • Co-borrowers allowed: Yes.
  • Co-signers: Undisclosed.
  • Ways to repay: Online banking, mobile app, over the phone, through MoneyGram or Western Union, in person, and by mail.
  • Hardship program: Available. Get in touch with the bank to know your options.

Vehicle restrictions and limitations

  • Maximum vehicle age: 2009 model year. In some cases, you can finance older vehicles or with less than 150,000 miles.
  • Maximum vehicle mileage: Fewer than 120,000 miles.
  • Other vehicle restrictions: Commercial and recreational vehicles are unavailable. Must be for personal use and sold by one of Capital One’s participating dealers.

Pros and cons

Pros

  • Get prequalified without affecting your credit score.
  • You can change due dates up to 15 calendar days.
  • Wide range of partner dealers.
  • Auto Navigator helps you find the right vehicle online.
  • Long loan terms of up to 84 months.
  • Make monthly payments online, over the phone, through MoneyGram or Western Union, in person, or by mail.
  • Co-borrowers allowed.
  • No early payment fees.
  • Lower rate opportunities for car buyers with high credit scores.
  • Loan amount may include sales price, tax, title, licensing fees, dealer fees, and any optional products.

Cons

  • Interest rates undisclosed online.
  • No financing option for lease buyouts.
  • Lack of loans for commercial vehicles, motorcycles, RVs, ATVs, boats, campers, and motor homes.
  • Refinancing option does not apply to existing Capital One loans.
  • Low credit scores may lead to high rates.

Frequently asked questions

How does Capital One auto finance work?

Capital offers simple interest loans. This means you accrue interest daily based on your remaining principal, interest rate, and number of days in the year. But since your payments include the principal, your monthly interest also goes down.

Where can I apply for a Capital car loan?

You can get pre-qualified and pre-approved for Capital One auto financing online. Then, you can visit a participating dealer to complete your credit application.

How much interest does Capital One charge on auto loans?

Capital does not specify the auto loan rates online. To know your possible interest rate, loan term, and monthly payment, you can contact Capital or get pre-qualified online.

How can I contact Capital One about my vehicle finance?

If you want to finance a new or used vehicle, you can reach out at 1-800-689-1789. But if you’re looking to refinance your loan, you can call 1-833-292-8336.

Does Capital refinance auto loans?

Yes. However, they only refinance loans from other lenders. You cannot refinance existing Capital One car loans or loans from Capital One subsidiaries.

Are there early repayment fees on Capital One car loans?

None. You can pay ahead of up to 3 months without paying prepayment penalties.

How much must I earn to qualify for Capital vehicle finance?

Depending on your credit, your minimum monthly income should be $1,500 or $1,800.

Video: Should I Refinance My Car Loan? | Capital One

Carla Soto
Carla Soto

Carla is a skilled copywriter at BestFind with a background in marketing and communications. She specializes in reviewing personal loan and finance products to help readers navigate the complex world of personal finance.

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