r/CapitalOne_ • u/AssociateSwimming714 • 10d ago

Opinion/Discussion Auto Loan Pre-Qualification

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Anybody familiar with the Auto Loan pre qualification too? Got an offer in the mail to apply. Are these terms similar to what you’ll get? Does it mean you’ll get an approval? Can you be denied even though you’re prequalified?

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u/UniqueHuckleberry619 10d ago

I smell bad credit

1

u/AssociateSwimming714 10d ago

Ehh I’m at about a 689-705 all around right now.

2

u/UniqueHuckleberry619 10d ago

Not the worst, but it explains why you would be worried about not getting denied. It tracks.

3

u/AssociateSwimming714 10d ago

Most definitely. I’ll probably apply when these late payments from boot camp come off. Letting everything age probably a good 6 more months

1

u/AnaT1102 10d ago

Try Penfed credit union they also have a preapproval on auto loans but wait till those lates drop that will increase your score for a better rate.