Shift into drive with a great rate and a pre-qualification
Rates as low as % APR*
Up to 125% financing
Not a problem, anyone can join. Apply now and we'll create your membership during this application.
Won’t affect your credit score1
Not a problem, anyone can join. Apply now and we'll create your membership during this application.
Won’t affect your credit score1
Apply Online
Get Approved
Finalize Loan
Not a problem, anyone can join. Apply now and we'll create your membership during this application.
Won’t affect your credit score1
Not a problem, anyone can join. Apply now and we'll create your membership during this application.
Not a problem, anyone can join. Apply now and we'll create your membership during this application.
Find the right rate and finance term to get the auto loan payment you want.
NEW CAR
USED CAR
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Not a problem, anyone can join. Apply now and we'll create your membership during this application. |
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New Auto PurchaseModel Year |
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Not a problem, anyone can join. Apply now and we'll create your membership during this application. |
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Pre-owned vehicles or vehicles with over 7,501 miles |
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Not a problem, anyone can join. Apply now and we'll create your membership during this application. |
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Used Auto PurchasePre-owned vehicles or vehicles with over 7,501 miles |
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Not a problem, anyone can join. Apply now and we'll create your membership during this application. |
Model Year or newer & never titled
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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Not a problem, anyone can join. Apply now and we'll create your membership during this application.
Model Year or newer & never titled
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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Not a problem, anyone can join. Apply now and we'll create your membership during this application.
Pre-owned vehicles or vehicles with over 7,501 miles
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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Not a problem, anyone can join. Apply now and we'll create your membership during this application.
Pre-owned vehicles or vehicles with over 7,501 miles
36 Months
|
|
---|---|
48 Months
|
|
60 Months
|
|
72 Months
|
|
84 Months
|
|
Not a problem, anyone can join. Apply now and we'll create your membership during this application.
36
Months
|
48
Months
|
60
Months
|
72
Months
|
84
Months
|
||||
---|---|---|---|---|---|---|---|---|
|
Model Year |
|
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Not a problem, anyone can join. Apply now and we'll create your membership during this application. |
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Pre-owned vehicles with over 7,501 miles |
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-
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Not a problem, anyone can join. Apply now and we'll create your membership during this application. |
Model Year or newer & less than 7,501 miles
36 Months
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---|---|
48 Months
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60 Months
|
|
72 Months
|
|
84 Months
|
|
Not a problem, anyone can join. Apply now and we'll create your membership during this application.
Pre-owned vehicles with over 7,501 miles
36 Months
|
|
---|---|
48 Months
|
|
60 Months
|
|
72 Months
|
|
84 Months
|
-
|
Not a problem, anyone can join. Apply now and we'll create your membership during this application.
*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.
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.
Rates and offers current as of and are subject to change.
1The 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. Up to 110% financing is available in 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: Maximum used car loan advance will be determined by PenFed using a JD Power value. Financing is available up to the JD Power valuation plus tags, title, taxes and extended warranties not to exceed 125% in the U.S. Up to 110% financing is available in Puerto Rico and Virgin Islands. Some restrictions apply. Call 1-800-247-5626 for details.
For the 84 month loan term, eligible used vehicles must have model years as new as or newer than the current calendar year minus five years and less than 60,000 miles.
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. Up to 110% financing is available in 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.
Between , the average savings off MSRP experienced by consumers who connected with a TrueCar Certified Dealer through the Pentagon Federal Credit Union Auto Buying Program and who were identified as buying a new vehicle from that Certified Dealer was $
. 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 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 many vehicles are sold below MSRP. Each dealer sets its own pricing.
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.
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IMPORTANT NOTICE
The content you are about to view is produced by a third party unaffiliated to Pentagon Federal Credit Union. PenFed takes no responsibility for the content of the page.
IMPORTANT NOTICE
For more information about the relationship between PenFed and PenFed Realty, LLC, see the Affiliate Business Arrangement Disclosure.
IMPORTANT NOTICE
The content you are about to view is produced by a third party website that is unaffiliated to Pentagon Federal Credit Union. PenFed takes no responsibility for the content of the page.
IMPORTANT NOTICE
For more information about the relationship between PenFed and PenFed Title, LLC, see the Affiliate Business Arrangement Disclosure.
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