* Yearly payment reduction claim is based on average payment reduction our customers experience over a year with their new loan (same or a longer term) compared to their prior yearly loan payments. Yearly payment reduction may result from a lower interest rate, a longer term or both. Your actual savings may be different.  

APR 
APR is the Annual Percentage Rate. Rates quoted are offered depending on the individual's excellent and substantial credit and key loan characteristics, including but not limited to amount, term, vehicle characteristics, and selecting the Automated Payment Option in the Billing Choice section of your loan application. A representative example of payment terms are as follows: a loan amount of $20,000 with an APR of 7.50% and a term of 70 months, would have a monthly payment of $353.63 with no down-payment required. Advertised rates are subject to change without notice. 

Vehicle Type Restrictions 
Capital One Auto Finance only finances new and used cars, light trucks, minivans and SUVs that will be used for personal use. Vehicles must be 7 years or newer and have less than 70,000 miles. We do not finance Oldsmobile, Daewoo, or Isuzu vehicles. We do not offer financing for commercial vehicles, motorcycles or recreational vehicles. Other ineligible vehicles include: ATVs, amphibious vehicles, armored vehicles, boats, branded/junk/salvaged title vehicles, camper vans, conversion vans, dump trucks, freight liners, gray market vehicles, kit cars, lemon vehicles, limousines, motor homes, taxis, tow trucks, tractor trailers, vehicles that do not have a Vehicle Identification Number (VIN) or title issued to it, vehicles with greater than 1 ton payload capacity.

Loan Amount Restrictions   
Minimum loan amount is $7,500. You may apply for a loan amount of up to $30,000 for refinance loans.  

Refinancing Restrictions
Capital One Auto Finance only refinances loans from other financial institutions, not including Capital One subsidiaries. The financial institution must be a member of the FDIC. Approved refinance applicants may receive a contract package instead of a Blank Check®. You must refinance the full payoff amount of your existing auto loan subject to our minimum and maximum loan amounts. We do not offer cash-back refinancing or lease buyouts. While refinancing may decrease your payment amount, it may increase the total number of payments and total cost of the loan over time if the term of your new loan exceeds the remaining term of your current loan.