![]() ![]() I’m willing to drive far to get a car at the price I want. I liked that I could shop with a dealer that wasn’t close to home. It has a number of filters for different types of cars, prices, features, etc. Then I could shop from the cars in the Auto Navigator database. You Can Shop for a Car in the Auto Navigator App, Too That’s financially unhealthy! Related: How to Buy a Car if You Have Bad Credit: 6 Tips One great feature of the Capital One Auto Navigator is that you can shop from dealers that accept the loan. Longer loans will have you owing money on a car that is worth less than your loan is. 7-year loans are the max that Capital One will finance, but 4 or 5 are best. I could pick the one that was the best fit for me. In the app, I could see and adjust the downpayment, trade-in value, price of the car, interest rate, and loan length of 4-year, 5-year or 7-year loans (shudder!). I was able to weigh the terms of different loan lengths. My credit would be unaffected if I changed my mind or went with another lender. Also, it was not a ‘hard’ credit approval, which dings your credit score. This gave me the confidence that I could be flexible and not get stuck negotiating small points to get a set monthly payment or price. ![]() Capital One pre-approved a loan limit before I began shopping. How Auto Navigator Worksįirst, I filled out some basic information. Related: Yes, You Can Buy A Car At Costco, And Here’s How to Get the Best Deal The Capital One Auto Navigator pre-qualify process was simple and easy and didn’t ding my credit. Frankly, it was so fast and easy that it’s almost hard to remember all the steps. I downloaded the car loan app and boom! I was on my way. I’ve been a fan of Capital One Cafes for a while (half price Peets coffee with your Capital One card!), and a fan of my Capital One credit card, so I decided to give the company’s Auto Navigator car financing service a shot. Talking to my bank, checking my credit score (ugh), filling out forms (double ugh), sifting through finance rates, loan terms and more can be frustrating and confusing.īut, I needed a car. One of the things I hate about buying a car is financing. And it was the easiest part of the purchase.
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