Capital One Auto Financing is offering some very competitive rates on auto loans.  Capital One offers auto loans for new auto loans, used auto loans and refinancing an existing auto loans.

Auto loan rates for new cars can have an annual percentage rate (APR) as low as 4.99%. Used auto loan rates are as low as 5.99% APR. Rates for refinancing an existing auto loan are as low as 5.15%.  Rates will vary depending on your credit history.

New auto loan rates are:

• As low as  4.99% APR for a 36 month auto loan
• As low as  5.09% APR for 48 month or 60 month car loans
• As low as  5.69% APR for 66 month or 72 month car loans

Used auto loan rates are:

• As low as 5.89% APR for a 36 month auto loan
• As low as 5.99% APR for 48 month or 60 month auto loans
• As low as 6.69% APR for 66 month or 72 month auto loans

Refinance rates on auto loans:

• As low as 5.15% APR for a 36 month auto loan
• As low as 5.15% APR for 48 or 60 month auto loans
• As low as 5.15% APR for 66 or 72 month auto loans

Capital One has some restrictions on the age, type and mileage on autos. Vehicles must be 7 years or newer and have less than 70,000 miles. They do not offer financing for commercial vehicles, motorcycles or recreational vehicles.

The auto must also be purchased from car manufacture authorized dealers, Carmax or the following major car rental agencies: Alamo, Avis, Budget, Dollar, Enterprise, Hertz, National, Payless and Thrifty. Capital One doesn’t offer financing for vehicles purchased private sellers, independent used car dealers or auto brokers.