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Is Capital One the best way to buy a used car?

Black Radical

Black Radical

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Anyone have any experience with them?

I'm in the NY/NJ area but I'm probably gonna go down to langhorne, PA (reedman toll for example) or maybe in north carolina where I'll be staying for a little while this summer. Theyre all better than buying in NY. I bought in Langhorne before and the difference and price/mileage/trim vs what I woulda spent in NY was pretty crazy.

But the question is, how do I use their service. They approve me for an amount and I go into the dealer with the check and bounce? Is that how it works?
 
real talk the best way to buy a car is COLD HARD CASH! fuck the finance. If you can't afford to pay cash for it, then buy you a hooptie till you can. How many wealthy mf's do you know with a car note?

just food for thought..........:dance:
 
I never used them but I would think they would be giving you a secured loan, meaning they need the title and proof of insurance before turning over the money. Your best bet is to talk directly to them. No one here knows what their deal would be with you.
 
I have used the capital one blank check as a negotiating chip to drop interest rates. Worked 3 out of 3 times
 
hypster63 said:
real talk the best way to buy a car is COLD HARD CASH! fuck the finance. If you can't afford to pay cash for it, then buy you a hooptie till you can. How many wealthy mf's do you know with a car note?

just food for thought..........:dance:
Click to expand...

go back to lurking
 
This day and age, you have to shop around for the lowest rates. Credit unions will still run background checks and may still give you a higher rate than other banks. If you get a decent rate from capitol one go for it. I have had credit with capital one and I have been with my credit union for 17yrs.
 
hypster63 said:
real talk the best way to buy a car is COLD HARD CASH! fuck the finance. If you can't afford to pay cash for it, then buy you a hooptie till you can. How many wealthy mf's do you know with a car note?

just food for thought..........:dance:
Click to expand...
And how many wealthy people do you actually know.

Besides, if the cost of financing is very low, most wealthy people with a brain will actually finance the car and invest their cash in stocks or something else instead of spending it on a rapidly depreciating asset.
 
Cash is...that's the only way I buy my cars...... I did that car payment bank loan shit b4......Fohwtbs...... The intrest rate over the terms of the loan was what got me....never again..
 
Credit union is better however

If your credit decent cap one is a good alternative
 
jagu said:
And how many wealthy people do you actually know.

Besides, if the cost of financing is very low, most wealthy people with a brain will actually finance the car and invest their cash in stocks or something else instead of spending it on a rapidly depreciating asset.
Click to expand...

Exactly

Rich mofos always leasing lol

They use the bank money
 
jagu said:
And how many wealthy people do you actually know.

Besides, if the cost of financing is very low, most wealthy people with a brain will actually finance the car and invest their cash in stocks or something else instead of spending it on a rapidly depreciating asset.
Click to expand...

I only know one millionaire, and a handful of people i would say have republican money. a few of them lease their luxury cars and pay cash for their toys. The cat i know is a millionaire retired from Kraft cheese. He drives an escalade, he may have paid for that cash but he one of the thirfty rich guys

Take that back i know another millionaire. but he didnt get his money until he retired and cashed in all his stocks. but he drove around in a ford probe until the day he retired. dont know what he drives now tho
 
For my used car, I took a cash advance 6K from my credit card and they charged me 240= 6, 240 debt. I had 15 months no interest. After the 15 months I just did a balance transfer about 3k left to another card which had 12 months no interest. Now I did get lucky, the second card did not charge me a transfer fee but even if they did 5% on 3k is only 150 that would only be 390 interest on 6k for 2 years.
 
Incarcer8dagain said:
I only know one millionaire, and a handful of people i would say have republican money. a few of them lease their luxury cars and pay cash for their toys. The cat i know is a millionaire retired from Kraft cheese. He drives an escalade, he may have paid for that cash but he one of the thirfty rich guys

Take that back i know another millionaire. but he didnt get his money until he retired and cashed in all his stocks. but he drove around in a ford probe until the day he retired. dont know what he drives now tho
Click to expand...
A millionaire who does not work for his money is different. I am talking about wealthy professionals who have to wake up and go to work and account for their money. You will not find most of them paying cash. Go to the Benz or BMW message boards, all those lawyers and pilots , doctors on there lease their cars.
 
hypster63 said:
real talk the best way to buy a car is COLD HARD CASH! fuck the finance. If you can't afford to pay cash for it, then buy you a hooptie till you can. How many wealthy mf's do you know with a car note?

just food for thought..........:dance:
Click to expand...

This man is actually right.
 
go in the dealership and dont let them know u got apprved on your own .... u got the upper hand ... just tell them u are paying cash and u want the cash price for the vehicle .... then whn yall make a deal .... get the paper work and give it to capital one and they will cut u a check ... remember the dealer is not ur friend, they will try to get as much money out of u and when u got approved already outside of them, u dont need them, they need u
 
I use them for one of my cars. Meh...they okay. The only good thing I can say is that their online website is pretty good. Oh and they'll most def approve you, they are pretty quick to approve folks. Then again I have pretty good credit....
 
Pentagon Federal Credit Union. They got 0.74% on new cars up to 48 months and 0.99% on new and used vehicles up to 48 months. 1.48% up to 72 months.

CLOSED THREAD.
 
Credit union, loan less than 3%, take your full cash price, work the market for a return of 6%. Imo keep your cash in your control as long as possible, especially in this day and age

If you can't get a low interest rate, buy a cheap car and get your credit up
 
Last edited:
Navy Federal Credit Union....

I called and told them i wanted to buy a car, she asked me how much did i want to spend. I told her 42k....thirty minutes later i get a call back informing me of what my intrest rate would be and asking me how did i wnt to recieve the check...by mail or walking into a branch...picked up a check for "up to 42k, good for 60 days. If not secured by an auto title after 60 days it would turn into a personal loan...banks don't do that.
 
Drayonis said:
I use them for one of my cars. Meh...they okay. The only good thing I can say is that their online website is pretty good. Oh and they'll most def approve you, they are pretty quick to approve folks. Then again I have pretty good credit....
Click to expand...

Good credit or not capital one will approve you
 
jagu said:
A millionaire who does not work for his money is different. I am talking about wealthy professionals who have to wake up and go to work and account for their money. You will not find most of them paying cash. Go to the Benz or BMW message boards, all those lawyers and pilots , doctors on there lease their cars.
Click to expand...

maybe it's me, but i don't consider a working stiff (even if they make a handsome salary) wealthy :dunno:

i only know one older decamill who drives a benz from the 80s
 
hypster63 said:
real talk the best way to buy a car is COLD HARD CASH! fuck the finance. If you can't afford to pay cash for it, then buy you a hooptie till you can. How many wealthy mf's do you know with a car note?

just food for thought..........:dance:
Click to expand...

Wealthy pple lease 70k @ ^ cars
 

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