Refinance New Auto Loan
 

Key Features

Rate Term Loan Amount Approx. Loan Pmt. ($20,000 Auto)
1.49% APR 36 months $500 to $100,000 
$568.41 
1.99% APR 48 months $7,500 to $100,000  
$433.82 
1.99% APR 60 months $10,000 to $100,000 
$350.47 
2.74% APR 72 months $15,000 to $100,000 
$301.55 
  • Loan amounts up to $100,000 
  • Easy online application

Benefits

  • Up to 100% financing available
  • Save money with lower payments
  • You may even get an instant decision

Keep in Mind: You must be the original owner of a current (2016) or prior model year (2015)vehicle. Maximum term based on amount borrowed.

Not yet a PenFed member? Join now to apply.

Details and Disclosures

Rates and offers current as of May 1, 2016 and are subject to change.

 

New Auto Loans: Loan rate applicable to new vehicles only.  New vehicles are where you are the original owner and the vehicle is a current (2016) and prior model year (2015). Up to 100% financing is available.  Weight restrictions apply. Minimum loan amount $15,000 for 61-72 month term. In order to refinance an existing PenFed auto loan, the advertised rate must be equal to or greater than your current PenFed auto rate

 

“Smart” Car Collateral Restrictions: Total financing is limited to 100% of the value and loan terms cannot exceed 60 months. 

 

1.99% APR applies to new vehicle loan amounts up to $100,000 financed for 37-60 months. 

 

Rate depends on term. Other restrictions may apply.

 

Loan Payment Examples:

 

$20,000 at 1.49% APR; 36 monthly payments of approximately $568.41 each.
$20,000 at 1.99% APR; 48 monthly payments of approximately $433.82 each.
$20,000 at 1.99% APR; 60 monthly payments of approximately $350.47 each.
$20,000 at 2.74% APR; 72 monthly payments of approximately $301.55 each.

 

 

Used Auto Loans: Maximum used car loan advance is NADA “Retail Value” or 80% of the purchase price where NADA “Retail Value” is not available. Up to 100% financing is available to qualified members.  Financing for 61-72 months would be limited to the current (2016) and prior two model years (2015 & 2014). In order to refinance an existing PenFed auto loan, the advertised rate must be equal to or greater than your current PenFed auto rate. Call 800-247-5626 for details.

 

2.99 % APR applies to used vehicle loan amounts up to $100,000 financed for 37- 60 months. Rate depends on term. Other restrictions may apply.

 

Loan Payment Example:

 

$20,000 at 1.99% APR; 36 monthly payments of approximately $568.41 each.
$20,000 at 2.49% APR; 48 monthly payments of approximately $438.19 each.
$20,000 at 2.99% APR; 60 monthly payments of approximately $359.28 each.
$20,000 at 3.49% APR; 72 monthly payments of approximately $308.28 each.

 

Refinance New Auto Loans: New vehicles are where you are the original owner and the vehicle is a current (2016) and prior model year (2015). For used vehicles, maximum used car loan advance is NADA “Retail Value” or 80% of the purchase price where NADA “Retail Value” is not available. Up to 100% financing is available to qualified members.  In order to refinance an existing PenFed auto loan, the advertised rate must be equal to or greater than your current PenFed auto rate.

 

“Smart” Car Collateral Restrictions: Total financing is limited to 100% of the value and loan terms cannot exceed 60 months. 

 

1.99% APR applies to new refinanced vehicle loan amounts up to $100,000 financed for up to 60 months. Rate depends on term. Other restrictions may apply.

 

Loan Payment Examples:

 

$20,000 at 1.49% APR; 36 monthly payments of approximately $568.41 each.
$20,000 at 1.99% APR; 48 monthly payments of approximately $433.82 each.
$20,000 at 1.99% APR; 60 monthly payments of approximately $350.47 each.
$20,000 at 2.74% APR; 72 monthly payments of approximately $301.55 each.

 

 

Refinance Used Auto Loans: New vehicles are where you are the original owner and the vehicle is a current (2016) and prior model year (2015). For used vehicles, maximum used car loan advance is NADA “Retail Value” or 80% of the purchase price where NADA “Retail Value” is not available. Up to 100% financing is available to qualified members. Rate depends on term. In order to refinance an existing PenFed auto loan, the advertised rate must be equal to or greater than your current PenFed auto rate. 

 

“Smart” Car Collateral Restrictions: Total financing is limited to 100% of the value and loan terms cannot exceed 60 months. 

 

2.99% APR applies to new refinanced vehicle loan amounts up to $100,000 financed for up to 60 months. Financing for 61-72 months would be limited to the current (2016) and prior two model years (2015 & 2014). Other restrictions may apply.

 

Loan Payment Examples:

 

 

$20,000 at 1.99% APR; 36 monthly payments of approximately $568.41 each.
$20,000 at 2.49% APR; 48 monthly payments of approximately $438.19 each.
$20,000 at 2.99% APR; 60 monthly payments of approximately $359.28 each.
$20,000 at 3.49% APR; 72 monthly payments of approximately $308.28 each.