PENFED® AUTO™
Move forward with confidence
Get pre-qualified with no impact to your credit score1, so you can head to the dealership with confidence.
Your new car journey starts here
Drive away happy with an auto loan from PenFed
Won’t affect your credit score1
Find your perfect auto loan
Discover how our flexible terms and rates can make it easier to find a payment that fits your financial goals.
NEW CAR
USED CAR
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36
Months
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48
Months
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60
Months
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72
Months
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84
Months
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Pre-owned vehicles or vehicles with over 7,501 miles |
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Model Year ![]( "Auto Loans Previous Year")
or newer & never titled
Model Year or newer & never titled
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36
Months
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48
Months
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60
Months
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72
Months
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84
Months
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Model Year |
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Pre-owned vehicles with over 7,501 miles |
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Model Year ![]( "Auto Loans Previous Year")
or newer & less than 7,501 miles
Model Year or newer & less than 7,501 miles
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36 Months
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48 Months
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60 Months
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72 Months
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84 Months
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Pre-owned vehicles with over 7,501 miles
Pre-owned vehicles with over 7,501 miles
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36 Months
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48 Months
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60 Months
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72 Months
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84 Months
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-
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*APR as low as
Your actual APR will be determined at the time of disbursement and will be based on your application and credit information. Rates quoted assume excellent borrower credit history. Not all applicants will qualify for the lowest rate.
Won’t affect your credit score1
Use our Auto Loan Calculator to estimate your monthly payment and explore financing options that fit your budget.
Estimate Your Monthly Payment
36 Months at 0.00% APR*
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Down Payment |
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*APR as low as. Your actual APR will be determined at the time of disbursement and will be based on your application and credit information. Rates quoted assume excellent borrower credit history. Not all applicants will qualify for the lowest rate.
Apply in 3 simple steps
Won’t affect your credit score1
Shop vehicles with PenFed's Car Buying Service
Through our partnership with TrueCar, PenFed members can enjoy up-front pricing on vehicles, lower rates, cash incentives and more.
NEW CAR
USED CAR
|
36
Months
|
48
Months
|
60
Months
|
72
Months
|
84
Months
|
|||
|---|---|---|---|---|---|---|---|
|
Model Year |
|
|
|
|
|
|
|
Pre-owned vehicles or vehicles with over 7,501 miles |
|
|
|
|
|
|
Model Year ![]( "Auto Loans Previous Year")
or newer & never titled
Model Year or newer & never titled
|
36
Months
|
48
Months
|
60
Months
|
72
Months
|
84
Months
|
|||
|---|---|---|---|---|---|---|---|
|
Model Year |
|
|
|
|
|
|
|
Pre-owned vehicles with over 7,501 miles |
|
|
|
|
-
|
|
Model Year ![]( "Auto Loans Previous Year")
or newer & less than 7,501 miles
Model Year or newer & less than 7,501 miles
|
36 Months
|
|
|---|---|
|
48 Months
|
|
|
60 Months
|
|
|
72 Months
|
|
|
84 Months
|
|
Pre-owned vehicles with over 7,501 miles
Pre-owned vehicles with over 7,501 miles
|
36 Months
|
|
|---|---|
|
48 Months
|
|
|
60 Months
|
|
|
72 Months
|
|
|
84 Months
|
-
|
*APR as low as
Your actual APR will be determined at the time of disbursement and will be based on your application and credit information. Rates quoted assume excellent borrower credit history. Not all applicants will qualify for the lowest rate.
Our members love their loans
“The APR and monthly payments are accessible, and it accommodates my needs”
-Frank B
“Great service and follow up coupled with low interest rates for all products”
-Grover F
“Best rates, easy application process, and checks are sent out quickly”
-Humberto G
Won’t affect your credit score1
Won’t affect your credit score1
FAQs
You can apply and view your prequalified loan offers with no impact to your credit. If you choose to accept a loan offer, PenFed will ask permission to obtain a full credit report that will result in a credit inquiry by PenFed reported to one or more credit bureaus.
No. The first step is to apply for pre-qualification to see the rate(s) and term(s) you qualify for. Then, once you’ve arranged financing, it’s time to find your new car. You can go with a dealership of your choice, or you can use the PenFed Car Buying Service for exclusive members savings.
PenFed will send the check directly to you by mail. The check will be made payable to the dealership or seller.
PenFed offers purchase loans on automobiles with fewer than 125,000 miles.
No. PenFed will not charge you any fees to apply or pay off your loan early.
Disclosures
Rates and offers current as of and are subject to change.
1
The initial inquiry will be a soft pull that will not affect your credit score. If you choose to initiate a loan application after checking your rates, you will be required to authorize a full credit report inquiry, which would be considered a hard pull and may affect your credit.
*
APR = Annual Percentage Rate. Your actual APR will be determined at the time of disbursement and will be based on your application and credit information. Rates quoted assume excellent borrower credit history. Not all applicants will qualify for the lowest rate.
New Auto Loans: Loan rate applicable to new vehicles only. New vehicles are where you are the original owner and the untitled vehicle is model year or newer with less than 7501 miles. Up to 125% financing is available in the U.S., Puerto Rico and Virgin Islands. Vehicle weight and mileage restrictions apply.
Minimum loan amount is $ for 61-72 month term. Minimum loan amount $
for 73-84 month term. Rate also depends on term.
Loan Payment Example: A $20,000 new auto loan financed at % APR would amount to 60 monthly payments of approximately $
each.
Used Auto Loans: Up to 125% financing is available in the U.S., Puerto Rico and Virgin Islands. Some restrictions apply. Call 1-800-247-5626 for details.
Rate depends on term. Vehicle weight and mileage restrictions apply.
Loan Payment Example: A $20,000 used auto loan financed at % APR would amount to 60 monthly payments of approximately $
each.
Refinance Auto Loans: New vehicles are where you are the original owner and the untitled vehicle is model year or newer with less than 7501 miles. Used vehicles are pre-owned vehicles or vehicles with over 7501 miles. For used vehicles, maximum used car loan advance will be determined by PenFed using a JD Power value. Up to 125% financing is available in the U.S., Puerto Rico and Virgin Islands. PenFed does not permit internal refinances of an existing PenFed auto loan.
Rate depends on term. Other restrictions including vehicle and mileage limitations may apply.
Loan Payment Example: A $20,000 new auto loan financed at % APR would amount to 60 monthly payments of approximately $
each.
PenFed Car Buying Service: PenFed Car Buying Service is available in all 50 states.
Loan Payment Example: A $20,000 new auto loan financed at % APR would amount to 36 monthly payments of approximately $
each.
PenFed Automobile Deductible Reimbursement
Requires reporting of completed qualified purchases within 45 days of purchase date. Reimburses what you've paid, if anything, for your automobile insurance deductible when you file a claim on the purchased vehicle within 365 days of registering in program. Covers up to $500 2x a year (service not available in New Hampshire or New York). To learn more about this program see TrueCar's Program Details and Terms and Conditions.