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Capital One Blank Check; weird terms

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    Capital One Blank Check; weird terms

    So it seems like most of us who apply will be approved, but what have been your terms?
    We were d/c in June. I applied tonight and was approved for up to $13k on a new or used car; 10%, but for *30* months. I didn't see anywhere that you could add a co-applicant so I don't know if this would make a difference if I added my spouse's income.
    I'm hoping to buy a used car that's under $10k but it seems as if we're going to find a short term which kind of makes me mad because I'm looking for a low payment of under $250 if at all possible.
    I have a feeling that we might "have" to buy a new car, but hopefully with this being the end of the year we can find a mid sized sedan (like an Elantra) that's a 2010 for a reasonable price.
    We might go into a dealer tomorrow and see what they have to say, but what can any of you tell me if anything?
    Our scores are all in the low 600's; we have 3 small cards each, all have been used and paid on time since the discharge.
    Our income is around 70k.
    I had a repo with Americredit a few years ago so I don't know if they'd touch us (or if I'd want them too).
    Anyway, I know this went all over the place but I'm just trying to feel things out!

    #2
    I got declined for the blank check and went to Carmax and was approved in 10 minutes. My BK was discharged 10/12/10 and just bought a BMW 335I for 25k plus tax and warranty. Ended up at about 27k and some change financed. I opted to put $2200 down. I also walked away with a check in my pocket for 6k from my trade. I included 2 cars in my Bk and my scores as of 12/1 were all over 620. 2 mores days until score update. I hope they are high.

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      #3
      Check out this thread: http://www.bkforum.com/showthread.ph...pital-One-Auto

      We posted a lot of approval rates and experiences in that thread.
      BK Ch 7 Discharged 09/2009 | Anything I say can and should be used as friendly advice and sharing of experiences with an unbiased viewpoint.
      Scores: EQ 745 EX 704 TU 710 as of 08/15/2012

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        #4
        how much is ur monthly payments?

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