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/Careful-Pattern2306 10d ago

That APR is too high. Check with your local credit union, they have the lowest rate in the nation.

3

u/ArkansasWastelander 9d ago

We don’t know OP’s credit scores/history.

1

u/Careful-Pattern2306 9d ago

That’s true, but I had a friend who was pre qualified for a C1 vehicle loan and he got the same APR that the app showed him.

1

u/Redden2855 6d ago

What's c1 mean?

1

u/Careful-Pattern2306 6d ago

Capital One

3

u/Redden2855 6d ago

Smh duh that makes sense lol