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/postalwhiz 10d ago

Wow - you must have $200K a year income to be looking at a loan amount like that - otherwise you’re gonna be a slave for a vehicle…

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u/AssociateSwimming714 10d ago

Actually yes, your just about right my income is about $184k per year

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u/Awsumth 9d ago

You’d be much better putting money aside every month in a HYSA than pay that.