Wow! I'm amazed and sorry to hear of the really bad experiences some of you have had. Scary to see that it seems @ such a high %age rate! I have used Cap One 3 times now, and so far (feel like I need to knock on wood here), they have ALL been great experiences. They draft the money every month and I have online access to watch the balances, etc.** (it might due to mention that you get a lower rate doing this and so far, so good - have never had a problem). I paid off my first loan and purchased the second and the 3rd was for my husband. A week ago, my husband's car was hit and the insurance company is totaling the car -UGH! :( I came back to Cap One for my new loan only to find that now, they've now changed the game so we can't go to the dealer of our choice. I either use their "approved" dealers (can say kickback/assured sales??), or you can't get the loan! Guess I'm spending my money somewhere else. Really bummed about it. It was so easy to get the online approval and "do my deal." Best of luck to you in your experiences.

So, I'm not sure about the blank check thing Capital One now does but i had a used car loan through them and it was an absolute disaster! I tried for months calling in the the 800 number to clear up the discrepancies and they couldn't accurately find the source of the problem for close to a year. Meanwhile I accrued an INSANE amount of "penalty" interest on top of my regular crazy high interest rate and it not only distroyed my credit by late fees it ultimately led to a repo which will lurk around for the next 7 years. They were unwilling to work with me or admit their mistake. Even after I was given incorrect information on at least 4 separate documented occasions. I will NEVER do business with them again and would strong warn anyone considering them to think twice.

I haved used Capital One twice to refinance used car loans. The interest rate was higher then most would typically pay, but due to my challenged credit I was pleased at the approvals. The process was convenient and I was able to reduce both of my car payments. When the cars were eventually paid the titles were quickly sent to me faster then I expected. A positive experience overall.

I took this loan out almost a year ago, and I'm currently playing off my first year's worth. So far, whenever I check my balance, it goes down appropriately, and my interest rate was actually not bad, given my so-so credit. The blank check made it easy to deal with the dealership, and the customer service representative I talked to at Capital One was pretty helpful in instructing me how to process it.

THIS LOAN HAS BEEN NOTHING BUT A TOTAL DISASTER. THEY SAY I OWE MONEY 6 MONTHS AFTER THE MATTER HAS BEEN CLEARED UP(THERE MISTAKE) NOW THEY TELL ME I OWE THEM MORE MONEY I CALL THE 800 NUMBER, THERE"S NEVER ANYONE TO TAKE MY CALL. I EVEN ANSWERED THE PHONE WHILE THEY WERE IN THE MIDDLE OF LEAVING A MESSAGE AND IT WAS A RECORDING ON THEIR END.THIS HAS BEEN NOTHING MORE THAN AMITURE HOUR TO ME.MAKE SURE YOU DONT HAVE ANY SITUATIONS DEVELOP WHERE YOU HAVE TO TALK TO SOMEONE!!!!!!!!

I was really drawn in by the low rate. However, the rate I wound up getting was substantially higher, despite my good credit. In any event, the "blank check" was easy to work with, and I was very happy with that. Most of all I was highly impressed with the quick approval time. A pretty good experience all around, but the rate was a set back.

Ultimate Experience. It offers the best combination between Term and Rate. Highly responsive and the approval rate takes the least time.Soon I am going to consider loans for my next car………………….

Fantastic service. To get the best rates, go through the website. You get a best possible cap one rates by agreeing to have your monthly payment taken directly from you bank account.

Once the interest rates and terms are settled, Capital One sends you a blank check up to some maximum amount that you've qualified for. Take the check to the seller - either the dealer or to an individual. It works EXACTLY like a check from your own checking account...only better because a $20,000 check from Cap One is trusted (and a $20,000 check from your checking account would be cross-checked). Oh, the check comes overnighted too - so this service is really fast.
I love this service - low rates, fast service. I've used it for the past three auto purchases including new.