PenFed Car Buying Service
No one wants to overpay for a car! The PenFed Car Buying Service shows you what others in your area paid for the car you want so you know if you’re getting a good deal. Members have seen an average savings of $3,0781

off new cars when using the Car Buying Service, and have access to additional discounts and free CARFAX® Reports with most used cars. Plus, purchase your next car from one of the Car Buying Service Certified Dealers and receive special discounts on your PenFed auto loan.

Benefits of the Car Buying Service


Great Savings

See what others paid for the car you want and get your Guaranteed Savings before even visiting a dealership.

Price Reports

In-depth, no-cost, Price Reports give you the information you need to make a smart car buying decision.

Certified Dealer Network

Lock in your savings and enjoy a hassle-free car buying experience by working with one of our local Certified Dealers.

Enjoy over $1000 worth of additional benefits

Report the purchase of your new or used car from a Certified Dealer to receive additional perks that will keep you and your car happy. Learn More >>

Details and Disclosures

Rate and offer current as of April 01, 2014 - April 30, 2014 and are subject to change. Promotional rate is not available to refinance existing PenFed car loans.

 

0.49%APR applies to new vehicle loan amounts up to $100,000 financed for 12-36 months. 1.49%APR applies to used vehicle loan amounts up to $100,000 financed for 12-36 months. Maximum used car loan advance is NADA “Retail Value” or 80% of the purchase price where NADA “Retail Value” is not available. Further restrictions apply on vehicles with 100,000 miles or more.  Up to 100% financing is available to qualified members.  Call 800-247-5626 for details.

 

Rate depends on term. Other restrictions may apply. New vehicles are where you are the original owner and the vehicle is a current or previous model year. Up to 100% financing is available. Weight restrictions apply.

  

New Vehicle Loan Payment Example: $20,000 at 0.49% APR; 36 monthly payments of approximately $559.76
New Vehicle Loan Payment Example: $20,000 at 1.29% APR; 48 monthly payments of approximately $427.73
New Vehicle Loan Payment Example: $20,000 at 1.29% APR; 60 monthly payments of approximately $344.38

New Vehicle Loan Payment Example: $20,000 at 2.24% APR; 60 monthly payments of approximately $297.12
 

Used Vehicle Loan Payment Example: $20,000 at 1.49% APR; 36 monthly payments of approximately $568.41
Used Vehicle Loan Payment Example: $20,000 at 1.79% APR; 48 monthly payments of approximately $432.07
Used Vehicle Loan Payment Example: $20,000 at 1.79% APR; 60 monthly payments of approximately $348.72

 

PenFed Car Buying Service 

PenFed Car Buying Service is available in the continental U.S. and Hawaii.

1Between 7/1/13 and 9/30/13, the average estimated savings off MSRP presented by TrueCar Certified Dealers to users of TrueCar powered websites, based on users who configured virtual vehicles and subsequently purchased a new vehicle of the same make and model listed on the certificate from Certified Dealers, was $3,078, including applicable vehicle specific manufacturer incentives. Your actual savings may vary based on multiple factors including the vehicle you select, region, dealer, and applicable vehicle specific manufacturer incentives which are subject to change. The Manufacturer’s Suggested Retail Price (“MSRP”) is determined by the manufacturer, and may not reflect the price at which vehicles are generally sold in the dealer’s trade area as not all vehicles are sold at MSRP. Each dealer sets its own pricing. Your actual purchase price is negotiated between you and the dealer. TrueCar does not sell or lease motor vehicles.