Capital One Auto Loan Payment Grace Period Explained

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Short Answer

Capital One auto loans typically have a grace period of seven to 15 days before a late payment fee is assessed. The exact grace period and late fee amount vary depending on your contract and state laws.

Capital One Auto Loan Payment Grace Period Explained

Capital One offers a grace period on auto loan payments before assessing a late fee. The grace period varies depending on your contract but is usually between seven and 15 days.

Capital One customer service representatives said they are only able to share specific late fee information with current accountholders, but did they tell us that the fee is based on state laws.

During our research, we found that Capital One auto loan customers have reported late fees ranging from $5 to $30.

To find out the exact fee amount and grace period that applies to your account, review your contract or contact Capital One Auto Financing customer service at (800) 946-0332.

Keep in mind that Capital One’s payment cutoff time is 4 p.m. (CST). If you make a payment after this time, it will not process until the next business day.

That means if you wait until the last day of your grace period to make a payment, you’ll need to submit payment before the cutoff time to avoid a late fee.

If 30 days pass and you fail to make a payment, Capital One will report your missed payment to the credit bureaus.

Continued missed payments may result in auto repossession. See our related research for more on Capital One’s auto repossession policy.

Capital One customer service representatives said it’s best to avoid late payments since you will not only incur late fees but also end up paying more in interest. Interest accrues daily and is based on your total balance.

If you’re having trouble making your Capital One auto loan payment, it’s best to be proactive and contact the customer service department at (800) 946-0332 to discuss your options. A representative may be able to offer an extension or make other payment arrangements.


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