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Don’t overpay for your next car.
ZIP Code  
ZIP Code  

Rates as low as
0.99  
%
APR*

for up to 36 months
when you buy a new car through
the PenFed Car Buying Service

Learn more »  

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. Not all applicants will qualify for the lowest rate. Rates quoted assume excellent borrower credit history

Large inventory of cars and trucks

 Free CARFAX® on most used cars 

Search and sort by the features you want


Rates as low as
1.99 
%
APR*

for up to 36 months
when you buy a used car through
the PenFed Car Buying Service

Learn more »  

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. Not all applicants will qualify for the lowest rate. Rates quoted assume excellent borrower credit history

Large inventory of cars and trucks

 Free CARFAX® on most used cars 

Search and sort by the features you want

Buyer's Bonus

Enjoy over $1000 worth of additional benefits

Including Automobile Deductible Reimbursement & Auto Expert Opinion.
Learn More >> 

Details and Disclosures

Rate and offer current as of September 3, 2015 and are subject to change. Promotional rate is not available to refinance existing PenFed car loans.

 

* 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 vehicle is a current (2016) or prior model year (2015). Up to 110% financing is available.  Vehicle weight restrictions apply.  Minimum loan amount is $20,000 for 61-72 month term.   Rate depends on term.

Rates as low as 0.99% APR apply to new vehicle loan amounts up to $100,000 financed for 12-36 months. Rates as low as 0.99% APR apply to new vehicle loan amounts up to $100,000 financed for 37-48 months.  Rates as low as 1.99% APR apply to new vehicle loan amounts up to $100,000 financed for 49-60 months.  Rates as low as 2.99% APR apply to new vehicle loan amounts up to $100,000 financed for 61-72 months.


Used Auto Loans: Maximum used car loan advance will be determined by PenFed using a NADA value. Financing is available up to NADA average retail value plus tags, title, taxes and extended warranties not to exceed 110%. Some restrictions apply.  Minimum loan amount is $20,000 for 61-72 month term.  The 61-72 month term is valid for current (2016) and prior two model years (2015 & 2014).
Rates as low as 1.99% APR apply to used vehicle loan amounts up to $100,000 financed for 12-36 months. Rates as low as 2.49% APR apply to used vehicle loan amounts up to $100,000 financed for 37-48 months.  Rates as low as 2.99% APR apply to used vehicle loan amounts up to $100,000 financed for 49-60 months.  Rates as low as 3.49% APR apply to used vehicle loan amounts up to $100,000 financed for 61-72 months.  Rate depends on term. Other restrictions including vehicle and mileage limitations may apply. 

 

 

New Vehicle Loan Payment Example: $20,000 at 0.99% APR; 36 monthly payments of approximately $564.08
New Vehicle Loan Payment Example: $20,000 at 0.99% APR; 48 monthly payments of approximately $425.14
New Vehicle Loan Payment Example: $20,000 at 1.99% APR; 60 monthly payments of approximately $350.47 
New Vehicle Loan Payment Example: $20,000 at 2.74% APR; 72 monthly payments of approximately $301.55 

Used Vehicle Loan Payment Example: $20,000 at 1.99% APR; 36 monthly payments of approximately $572.76
Used Vehicle Loan Payment Example: $20,000 at 2.49% APR; 48 monthly payments of approximately $438.19
Used Vehicle Loan Payment Example: $20,000 at 2.99% APR; 60 monthly payments of approximately $359.28 
Used Vehicle Loan Payment Example: $20,000 at 3.49% APR; 72 monthly payments of approximately $308.28 

 

PenFed Car Buying Service
PenFed Car Buying Service is available in the continental U.S. and Hawaii.
1Between 4/1/14 and 6/30/14, 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 $3,221, 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. Neither TrueCar nor Pentagon Federal Credit Union does not broker, sell or lease motor vehicles.