NEW AUTO LOANS
APPLY NOW

Apply before becoming a member.

After your application, we’ll help you:

1. Discover you’re eligible to become a PenFed member

2. Open a Savings/Share Account and deposit at least $5

Car Icon

New Auto Loans

PenFed’s new auto loan will get you behind the wheel in no time.

 

APPLY NOW

Apply before becoming a member.

After your application, we’ll help you:

1. Discover you’re eligible to become a PenFed member

2. Open a Savings/Share Account and deposit at least $5

RATES

APR as low as* TERM LOAN AMOUNT APPROX LOAN PMT.1
%
36 mos $ - $ $
%
48 mos $ - $ $
% 60 mos $ - $ $
% 72 mos $ - $ $
% 84 mos $ - $ $

 

*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.

¹Loan payment estimates based on a $20,000 auto loan.

2If you’ve been a member longer than 90 days, you may qualify for pre-approval.

FEATURES & BENEFITS

  • Loan amounts up to $100,000
  • Finance up to 110%
  • Easy online application

• Terms available up to 84 months.

• Preapproved2 auto drafts available to qualified buyers.

• Loan amounts up to $100,000.


Not yet a member? Apply for a loan, get a decision, become a PenFed member. Click “Apply Now” to start!

Details and Disclosures Print Icon Print

Rates and offers current as of and are subject to change.

*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. The rate you receive on your loan will be the rate in effect at the time of loan disbursal.

New Auto Loans: Loan rate applicable to new vehicles only. New vehicles are where you are the original owner and the untitled vehicle is a current () or prior model year (). Up to 110% financing is available. Vehicle weight restrictions apply.

Minimum loan amount is $ for 61-72 month term. Minimum loan amount $ for 73-84 month term. Rate also depends on term.

Estimate Your Cost

New Auto Loan Calculator

$
$
$
$

$ a month

Estimated payment (for months at APR)
Purchase Price
Down Payment
$0.0
Trade-In Value
-$0.0
Amount Owed on Trade
+$0.0
 
Total Financed
$
Total Interest
+ $
 
Total Loan
$
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GAP Protection

Typical car insurance covers damage and theft. But what if your loan is more than the value of your vehicle? PenFed’s GAP Protection covers that difference.

 

LEARN MORE »

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Extended Warranty

PenFed's Extended Warranty can extend your auto manufacturer's warranty by picking up where that policy leaves off.

 

LEARN MORE »

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Debt Protection

Life is unpredictable. With PenFed Debt Protection, your family's financial security is protected in the event you're unable to make timely payments.

 

LEARN MORE »

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