Carvana Auto Financing is more accessible to individuals with lower credit scores and offers a fully online experience, but it has a higher potential APR and is limited to Carvana vehicle purchases. Capital One Auto Navigator requires a slightly better credit score for optimal rates and involves finalizing the loan at a participating dealership, but it offers a wider range of loan terms and refinancing options.
| Attribute | Carvana Auto Financing | Capital One Auto Navigator |
|---|---|---|
| Minimum Credit Score Required | None | Approvals reported as low as 500, aim for above 660 for best rates |
| Interest Rates (APR) Range | 3.99% to 27.99% | 5.99% to 17.99% as of May 2025. New auto loans APRs start at 5.50% for 60-month terms and 5.67% for 72-month terms. Used auto loans APRs start at 6.04% for 60-month terms and 6.43% for 72-month terms. |
| Loan Amounts Available | $1,000 to $125,000 | Minimum $4,000 for auto purchase loans. Refinance loans range from $7,500 to $75,000. Maximum loan amounts for purchase loans are not disclosed. |
| Loan Terms (Months) | 12 to 72 months (up to 78 months for higher credit customers) | 24 to 84 months |
| Pre-qualification Option Available | Yes | Yes, through Auto Navigator with a soft credit check |
| Down Payment Requirements | Usually required, amount varies | Required in some situations |
| Fees (Origination, Prepayment, etc.) | Origination: None, Late Payment: $5, Prepayment: None, Shipping/Delivery: May apply | No prepayment penalty. Potential dealer fees: documentation, reconditioning, advertising, sales tax, extended warranty. Origination fee not explicitly mentioned. |
| Vehicle Age Restrictions | Maximum 10 years | Used cars generally need to be within 10 model years |
| Vehicle Mileage Restrictions | Maximum 200,000 miles | Generally less than 120,000 miles |
| Co-signer Option Available | Yes, in select states | Yes |
| Application Process (Online, In-Person) | 100% online | Primarily online through Auto Navigator, finalize at participating dealership |
| Funding Speed (Time to Receive Loan) | As soon as one day | Potentially available as soon as the same day |