EXHIBIT 231
INDEPENDENT AUDITORS’ CONSENT
The Board of Directors
Ambac Assurance Corporation:
We consent to the incorporation by reference in this registration statement (No. 333-106575) of Capital One Auto Receivables, LLC (the “Registrant”), and in the Preliminary Prospectus Supplement of the Registrant (the “Preliminary Prospectus Supplement”), via the Form 8-K of the Registrant dated May 10, 2004 of our report dated February 27, 2004 on the consolidated financial statements of Ambac Assurance Corporation and subsidiaries as of December 31, 2003 and 2002, and for each of the years in the three-year period ended December 31, 2003, which report appears in the Annual Report on Form 10-K of Ambac Financial Group, Inc., which was filed with the Securities and Exchange Commission on March 15, 2004 and to the reference to our firm under the heading “Experts” in the Preliminary Prospectus Supplement. The report of KPMG LLP refers to changes, in 2003, in Ambac Assurance Corporation’s methods of accounting for variable interest entities and stock-based compensation.
New York, New York
May 10, 2004
| By: | /s/ KPMG |
