CAPITAL ONE AUTO FINANCE TRUST 2007-A ASSET BACKED NOTES TERMS AGREEMENT

EXHIBIT 1.2

CAPITAL ONE AUTO FINANCE TRUST 2007-A

ASSET BACKED NOTES

TERMS AGREEMENT

Dated: February 6, 2007

To: CAPITAL ONE AUTO FINANCE, INC.

CAPITAL ONE AUTO RECEIVABLES, LLC

Re: Underwriting Agreement, dated February 2, 2007

1. Terms of the Notes

Class		Initial Note Balance			Interest Rate			Final Scheduled Payment Date
A-1		$	289,000,000		5.32120	%		February 2008
A-2		$	430,000,000		5.33	%		May 0000
X-0-X		$	167,000,000		5.25	%		August 2011
A-3-B		$	167,000,000		LIBOR			August 2011
A-4		$	447,000,000		LIBOR + 0.02	%		November 2013

2. Underwriters

The Underwriters named below are the “Underwriters” for the purpose of this Agreement and for the purposes of the above-referenced Underwriting Agreement as such Underwriting Agreement is incorporated herein and made a part hereof.

Barclays Capital Inc.

X.X. Xxxxxx Securities Inc.

ABN AMRO Incorporated

Credit Suisse Securities (USA) LLC

Deutsche Bank Securities Inc.

Xxxxxx Xxxxxxx & Co. Incorporated

RBC Capital Markets Corporation

3. Ratings

Class		Standard & Poor’s		Xxxxx’x		Fitch
A-1		A-1+		Prime - 1		F1+
A-2		AAA		Aaa		AAA
A-3-A		AAA		Aaa		AAA
A-3-B		AAA		Aaa		AAA
A-4		AAA		Aaa		AAA

4. Underwriting Liability

Underwriting Liability		Class A-1			Class A-2			Class A-3-A			Class A-3-B			Class A-4
Barclays Capital Inc.		$	42,000,000		$	62,500,000		$	24,750,000		$	24,750,000		$	64,750,000
X.X. Xxxxxx Securities Inc.		$	42,000,000		$	62,500,000		$	24,750,000		$	24,750,000		$	64,750,000
ABN AMRO Incorporated		$	41,000,000		$	61,000,000		$	23,500,000		$	23,500,000		$	63,500,000
Credit Suisse Securities (USA) LLC		$	41,000,000		$	61,000,000		$	23,500,000		$	23,500,000		$	63,500,000
Deutsche Bank Securities Inc.		$	41,000,000		$	61,000,000		$	23,500,000		$	23,500,000		$	63,500,000
Xxxxxx Xxxxxxx & Co. Incorporated		$	41,000,000		$	61,000,000		$	23,500,000		$	23,500,000		$	63,500,000
RBC Capital Markets Corporation		$	41,000,000		$	61,000,000		$	23,500,000		$	23,500,000		$	63,500,000
Total Amount		$	289,000,000		$	430,000,000		$	167,000,000		$	167,000,000		$	447,000,000

5. Purchase Price, Discounts and Concessions

		Class A-1			Class A-2			Class X-0-X			Xxxxx X-0-X			Xxxxx X-0
Xxxxx Xxxxxxxx Price		100.000000	%		99.996876	%		99.995845	%		100.000000	%		100.000000	%
Underwriting Discount		0.090	%		0.130	%		0.165	%		0.150	%		0.200	%
Net Purchase Price		99.910000	%		99.866876	%		99.830845	%		99.850000	%		99.800000	%
Maximum Dealer Selling Concessions		0.0540	%		0.0780	%		0.0990	%		0.0900	%		0.1200	%
Maximum Dealer Reallowance Discounts		0.0270	%		0.0390	%		0.0495	%		0.0450	%		0.0600	%

6. Time of Sale

1:15 p.m. (Eastern Time) (U.S.) on February 6, 2007 (the time the first Contract of Sale was entered into as designated by the Representatives.)

7. Closing Date

Pursuant to Rule 15c6-1(d) under the Securities Exchange Act of 1934, as amended, the Underwriters, the Seller and COAF hereby agree that the Closing Date shall be February 15, 2007, 10:00 a.m., New York City time.

The Underwriters agree, severally and not jointly, to purchase the Notes subject to the terms and provisions of this Terms Agreement and the above-referenced Underwriting Agreement which is incorporated herein in its entirety and made a part hereof.

X.X. XXXXXX SECURITIES INC.
By:		/s/ Xxxx Xxx
Name:		Xxxx Xxx
Title:		Managing Director

BARCLAYS CAPITAL INC.
By:		/s/ Xxxxxxxx Xxxxxx
Name:		Xxxxxxxx Xxxxxx
Title:		Managing Director

For themselves and as representatives of the other several Underwriters named in this Terms Agreement.

Accepted and Agreed:

CAPITAL ONE AUTO RECEIVABLES, LLC, as Seller
By:		/s/ Xxxxxxx Xxxxx
Name:		Xxxxxxx Xxxxx
Title:		Assistant Vice President

CAPITAL ONE AUTO FINANCE, INC.
By:		/s/ Xxxxxx X. Xxxx
Name:		Xxxxxx X. Xxxx
Title:		Assistant Vice President