Rates as low as   2.49%  For 36 mo. terms % APR*   On New Cars   &   3.49%   For 36 mo. terms % APR*   On Used Cars
LOGIN for rates and these additional benefits
  • Special Cash Back offers from select car brands
  • Up to $1,000 in automobile deductible reimbursement1
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save with carbuying service



Average savings of over $3,350** off MSRP on new cars and discounts on used cars.

access to more incentives

More Incentives


Members get access to additional cash incentives on select cars from Mercedes-Benz and other brands.

get great loan rates with carbuying service

Loan Discounts


Rates as low as % APR* on new cars and % APR* on used cars through the Car Buying Service.

earn buyers bonus in reimbursement  benefits

Buyer's Bonus


Up to $1,000 worth of additional automobile deductible reimbursement1 benefits for buyers.




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Enjoy over $1,000 worth of additional benefits

Including Automobile Deductible Reimbursement1 & Auto Expert Opinion.


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PenFed Member Discounts up to $ on select Mercedes-Benz vehicles

Receive incentives only when you login.



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

DISCLOSURES: Print IconPrint

Rate and offer current as of  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 Vehicle Loan Payment Example: $20,000 at % APR; 36 monthly payments of approximately $

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

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(s) (). Up to 110% financing is available.  Vehicle weight 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 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 $  for 61-72 month term. Financing for 61-72 month term is valid for model years  - .

Rate also depends on term. Other restrictions including vehicle and mileage limitations may apply.


PenFed Car Buying Service
PenFed Car Buying Service is available in the continental U.S. and Hawaii.
**Between , the average savings off MSRP presented by TrueCar Certified Dealers to users of TrueCar powered websites, based on users who configured virtual vehicles and who TrueCar identified as purchasing a new vehicle of the same make and model listed on the certificate from a Certified Dealer as of 10/31/2017, was $3,383, 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 brokers, sells or leases motor vehicles.