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.

New Vehicle Loan Payment Example: $20,000 at % APR; 36 monthly payments of approximately $

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

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

Used Vehicle Loan Payment Example: $20,000 at % APR; 72 monthly payments of approximately $

¹The auto purchase and refinance rebate of $200 will apply to loan amounts of $10,000 and greater. Refinance loans must be refinanced from another institution. Applies to new and used purchase and refinance loan applications funded through PenFed between 12/19/2022 and 1/31/2023.  Dealer originated loans, PenFed internal refinances, and refinance loans originated from 3rd party partners are not eligible for this promotion. Loan must be currently active and have at least 2 payments posted by 5/1/23 in order to qualify for the rebate.  The $200 rebate will be deposited to the member share savings account in May 2023.  PenFed may discontinue or change the promotion at any time.  Other restrictions may apply.

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. Rate also depends on term.

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.

Rate depends on term. Vehicle weight and mileage restrictions apply.

PenFed Car Buying Service

PenFed Car Buying Service is available in all 50 states.

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.

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.