Here's how it works
Apply online – there’s no fee! If approved, see your APR and how much you could save in minutes.
Enter your Vehicle Identification Number and sign online.
We'll tell you what documents you need to complete.
Our current auto refinance rates*
|Finance term||APR1 as low as|
|24 to 72 mos||3.99%|
*Rates listed for auto loan refinance only. Your actual APR (Annual Percentage Rate) depends on several factors. Please see below for additional disclosures.
Car Refinance Payment Calculator
Enter your loan amount, APR, and loan term in the fields provided, or use our sliders to estimate how much your monthly payment will be. See full auto loan calculator
Before You Apply
- What are your basic auto refinancing requirements?
Basic requirements to qualify for our refinancing program include the following:
- Vehicles must be 7 years old or newer
- Payoff amount of your current car loan must be between $7,500 and $40,000*
- Your current loan must not be serviced by Capital One Auto Finance®
- Your current lender must be an FDIC or NCUA insured financial institution. Most banks, credit unions, and larger auto finance companies meet this requirement.*
- You must be up to date on payments for your existing loan
- Capital One® finances new and used cars, light trucks, minivans, and SUVs that will be used for personal use*
- What are the restrictions on refinancing?
You must refinance the full payoff amount of your existing auto loan subject to our minimum loan amount of $7,500 and our maximum loan amount of $40,000. We do not offer cash-back refinancing or lease buyouts.
- Is there an application fee?
Applying for an auto loan with Capital One is free. We do not charge any application or documentation fees that you may encounter with other companies. You have the flexibility to apply with us and, upon approval, receive a free quote so you can choose the auto loan that is right for you.
- Are there any vehicle refinancing fees?
Each state imposes a title transfer fee that can vary depending on the state in which you reside. This fee is charged by your state, not Capital One. We will pay this fee on your behalf and add it to your final loan amount.
- What if I want to pay off my loan faster than planned or all at once? Are there any penalties for prepaying my loan?
Capital One does not charge any prepayment fees. You may pay off either a portion of your loan or the entire amount at any time without incurring any fees or penalties.
- How soon will I know if my refinance application is approved?
You will typically receive a loan decision by email within 24 hours after you have submitted your online application.
- Can I refinance my existing Capital One auto loan?
Capital One only refinances auto loans that you have with other lenders, not including Capital One or its subsidiaries.
- How secure is my personal information?
Capital One takes your security and privacy very seriously. Our site uses Secure Sockets Layer (SSL) encryption for all customer data and has been authenticated by VeriSign.
- Will my GAP policy remain in effect if I refinance with Capital One?
Your GAP agreement will have language confirming whether your GAP policy terminates upon refinancing or whether coverage continues. This information is usually found in the limitations and exclusion section of your agreement, or the part of your agreement that addresses expiration or early termination. Please also contact your GAP provider for any questions or concerns. Please be aware that Capital One Auto Finance will only payoff your existing auto loan and will not finance new GAP coverage if your current GAP provider cancels the coverage upon refinancing the original loan.
After You Are Approved
- What happens next after my refinance application has been approved?
Complete, sign and date the required forms in your refinance loan package. You'll receive a separate email within one business day with instructions to securely download and print your refinance loan package from your computer. This is the fastest and easiest way to complete the process. If you don't have access to a printer or prefer not to download the refinance loan forms, you can simply wait for the duplicate package that we've sent via regular mail. If you download your refinance loan package, you don't need to wait for the duplicate loan package to arrive in the mail.
- How soon will I receive my refinance loan package?
You'll receive a separate email within one business day with instructions to securely download and print your refinance loan package from your computer. If you don't have access to a printer or prefer not to download the refinance loan forms, you can simply wait for the duplicate package that we've sent via regular mail.
- What if I make a mistake in completing my loan documents or a pre-printed piece of information is incorrect?
Do not cross-out the mistake or use correction fluid as this will invalidate the contract. Please call us at 1-877-REFI-CAR (1-877-733-4227) during business hours.
- What additional documents are needed from me to ensure Capital One Auto Finance can be recorded as the lienholder on my title?
Customer documentation requirements vary, but you may be asked to provide some or all of the information listed below. Our primary reasons for requiring documentation from customers is to verify information listed in the loan application and to help protect the security and privacy of our customers.
- Proof of income
- Proof of residence
- Title document (see below)
Signing the refinance contract obligates you to ensure Capital One Auto Finance is listed as the only lien holder on your refinance vehicle title. The form you may need to fill out varies based on your state. View the documentation requirements to understand which form you will need to complete.
- How long will it take Capital One to pay off my previous lender?
If all your documents are complete and accurate, it should only take 7–10 business days to complete your loan and issue the funds to your previous lienholder. If documents are incomplete or inaccurate, we will contact you and additional time will be needed to process your loan. After we receive and process your completed documents, we'll send you a Welcome Letter indicating that the refinance process is complete.
- I have not yet received my Welcome Letter and my current loan payment is due. Do I need to pay it?
- Yes. You must continue paying your current lender until you receive the Welcome Letter from Capital One indicating that the refinance process is complete. If you are concerned about overpaying your current lender, please be assured that you will receive a refund check from your previous lender should this happen.
- How do I sign in to view my account or make a payment?
Click here for online access to your account to set up automatic payments, manage your account and more. If you are a new customer, you must first enroll in Online Banking. You can enroll in Online Banking as soon as you've received your Welcome Letter. You will typically receive your Welcome Letter via U.S. Mail within 7-10 business days of Capital One finalizing your loan. If you have questions or problems receiving your Welcome Letter, please contact us at 1-800-946-0332 during business hours.
- When will my first monthly loan payment be due?
The due date of your monthly payment will be specified in your Welcome Letter. Your first payment will be due on the first occurrence of your due date that is at least 21 days after Capital One finalizes your loan.
- What if I don't want to sign up to make automatic payments in Capital One's Online Banking system?
If your interest rate includes the discount for automatic payments and you elect not to set up for automatic payments, you will forfeit the discount and your interest rate is subject to an increase of up to 1/2 of a percentage point (0.50%).
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 old or newer.
We do not finance Oldsmobile, Daewoo, Saab, Suzuki or Isuzu vehicles. We do not offer financing for commercial vehicles, motorcycles, recreational vehicles (RVs), ATVs, boats, camper vans, motor homes, lemon vehicles, branded title vehicles, or vehicles without a Vehicle Identification Number (VIN) or title issued. We may determine a vehicle to be commercial or otherwise ineligible based on the model and/or information provided to us.
Loan Amount Restrictions
Minimum loan amount is $7,500. You may apply for a loan amount of up to $40,000 for new and used vehicles and $40,000 for refinance loans. Your actual loan amount will be limited based on the value of the specific vehicle that you are purchasing or refinancing. For new vehicles, value is based on invoice price. For used vehicles, value is based on Kelley Blue Book wholesale value or NADA trade-in value (depending on your state of residence). The amount of this limitation may vary and will be specified in your loan package as the "LTV" (loan-to-value) limit. For example, if the value of the vehicle that you are buying is $20,000 and your LTV limit is 110%, then your loan amount will be limited to $20,000 x 110% = $22,000.
Your current lender must be an FDIC or NCUA insured financial institution. Most banks, credit unions, and larger auto finance companies meet this requirement. Your current loan must not be serviced by Capital One Auto Finance. 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.
If you have a GAP policy on your current loan, your GAP agreement will have language confirming whether your GAP policy terminates upon refinancing or whether coverage continues. This information is usually found in the limitations and exclusion section of your agreement, or the part of your agreement that addresses expiration or early termination. Please also contact your GAP provider for any questions or concerns. Please be aware that Capital One Auto Finance will only payoff your existing auto loan and will not finance new GAP coverage if your current GAP provider cancels the coverage upon refinancing the original loan.
Refinance Documentation Requirements
After you apply and are approved to refinance an auto loan with us, we will need some or all of the following documentation:
Proof of Income
Based on your credit, you may need to provide Proof of Income documentation.
You will need to send us your vehicle title if you reside in one of the following states: KS, KY, MD, MI, MN, MO, NY, OK, SD, WI. In all other states we will obtain the title directly from the state agency which holds your vehicle title.
Limited Power of Attorney to Modify Vehicle Title
In order to modify your vehicle title to show Capital One Auto Finance as the new lienholder we will need you to sign a limited Power of Attorney document which authorizes us to make this change at the Department of Motor Vehicles (DMV).