Any experience with Capital One auto loan?

kitty56
Sat, 15 Mar 2008 11:43:26 +0000

I know there are lots of people who hate the Capital One credit card. DD has one and has never had a problem as she pays off the balance in full every month. She is getting a new car and will need her first auto loan. Capital One has something called the Blank Check auto loan. They will approve you for a maximum amount at a certain percentage rate (based on your credit history). Then they send you a blank check which you can make out to the auto dealer for any amount you choose up to the maximum they approved you for. Once she has that check, she could finalize a deal immediately without doing dealer financing. It seems to give her a lot of freedom. Has anyone ever used this and what was your experience?