Capital One's Dealer Purchase loan is for buying a new car and offers loan rates starting at 5.19%. You get a Capital One "Blank Check" which you sign over to the dealer for the full amount of the car. You can get a response to your application within a few minutes and secure a low rate for 45 days, as you decide.
I was trying to establish my own credit without the help of my parents. I was able to obtain my first car loan through this company. It has been great! It's a great feeling to establish my own credit and the company has always been very nice and friendly.
By far the easiest loan I've ever received. I did the entire thing online. Cap one gives you a lower rate if you agree to do auto withdrawal from your checking account which I happily did. In a couple of days I received a "blank check" for the car I was buying at the dealership (there was a "not to exceed" notice on the check).
The dealership took the check as if I was a cash buyer. My payments then went directly to Cap one.
Best of all, the rates are really, really low. I tried to beat it at the dealership but they couldn't!
| Type | Today | Week Ago |
|---|---|---|
| 15 Year Fixed | 4.62%  |
4.67% |
| 30 Year Fixed | 5.15% | 5.15% |
| 1 Year ARM | 3.48% |
3.51% |
| 5/1 Year ARM | 3.62% |
3.68% |
| Type | Today | Week Ago |
|---|---|---|
| Line of Credit | 4.89%  |
4.88% |
| 10 Year Loan | 7.47% | 7.47% |
| 15 Year Loan | 7.61% |
7.60% |
| Type | Today | Week Ago |
|---|---|---|
| Interest Checking | 0.28% | 0.28% |
| Money Market/Savings | 0.38% | 0.38% |
| 12 Month CD | 1.13%  |
1.15% |
| 60 Month IRA CD | 2.40% |
2.41% |
| Type | Today | Week Ago |
|---|---|---|
| Cash Back Cards | 12.66% |
12.68% |
| No Annual Fee Cards | 12.08% |
11.97% |
| Reward Cards | 12.75% |
12.61% |
| Small Business Cards | 11.01% |
10.94% |
| Student Cards | 13.77% |
13.49% |
| Platinum Cards | 12.26% |
12.11% |
