Wednesday, May 26, 2010

Capital one auto finance loan question.?

I hear that for most lenders you're suppose to have a maximum of $500 deductible collision/accident for insurance and was wondering if it applies to capital one also?(I would call but offices not open this late.)



I got approved for $37,500 loan with a 7.89% interest for 72 months, is that good?



Capital one auto finance loan question.?

Lenders, including Capital One, will require you to carry full coverage insurance, however they usually do not specify deductibles as far as comp and collision.



If you lease a vehicle however, many lenders will require you to carry a specific dollar amount of coverage in certain categories. I hope this helps.



Capital one auto finance loan question.?

THE $500.00 IS STANDARD AND IF YOU ARE BUYING A $37,500 DOLLAR VEHICLE YOU CAN AFFORD A $1000.00 DOLLAR DEDUCTIBLE.



ALSO IF YOU WERE APPROVED FOR THIS AMOUNT FROM CAPITAL ONE ITS NOT BAD BUT AT THE SAME TIME WHAT DID THE DEALER HAVE TO OFFER YOU.



ALSO YOU WILL NEED TO READ ALL THE FINE PRINT ON THE LOAN FROM CAPITAL ONE JUST IN CASE YOU FIND YOURSELF BEHIND, THE RATE MIGHT JUMP TO 23.5 PERCENT.



AT THE RATE THAT YOU HAVE YOU WILL BE PAYING AROUND $665.48 A MONTH LESS YOU INSURANCE.



Capital one auto finance loan question.?

Its pretty good terms if you can afford it. (remember you dont have to use all of it w/ capital one, they usually send a blank check for you to fill out at the dealers and they have the dealers fill out a few pieces of paper work for them) I've had capital one auto finance and yes they do require full coverage auto insurance until the loan is paid off. When you purchase the car you will need to have the insurance faxed over to the dealership for proof and I believe they also fax a copy to capital one. Hope this helps!!



Capital one auto finance loan question.?

The credit union that I work for does require no more then a $500 deductible on the insurance as far as the rate that you got it is ok but that would depend on your FICO score.

2 comments:

  1. So, if you really want to activate Capital One credit card or Debit card quickly with easy way. You can activate Capital One Card Over the Phone or You can activate new Capital One Credit Card Through Online service.



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  2. If I have 2 vechicals and plan on not driving the one that is financied by capital one. Can I put storage insurance on the technical that is financied by capital one and is stored in a garage?

    ReplyDelete