Discounted vehicle pricing and auto loan rates when you purchase through

PenFed Car Buying Service

POWERED BY

Find a NEW car

Find a USED car

DISCOUNTED NEW CAR RATES

36-month term

RATES AS LOW AS

% APR*

72-month term

RATES AS LOW AS

% APR*

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

DISCOUNTED USED CAR RATES

36-month term

RATES AS LOW AS

% APR*

72-month term

RATES AS LOW AS

% APR*

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

 


How the Car Buying Service Works

save with carbuying service

1. Search for a New or Used Car

New: Find the new car you want and see what others are paying.

Used: Search the extensive inventory for the perfect used car.

access to more incentives

2. Lock in Savings

Once you find the car you like, connect with a Certified Dealer by completing the contact form to see your membership pricing.

get great loan rates with carbuying service

3. Apply Online

Give PenFed a call when you have selected your vehicle to finalize your financing, and your check and loan documents will be on their way.

earn buyers bonus in reimbursement  benefits

4. Visit Dealer - Drive Away Happy

Visit your Certified Dealer and test drive your car. Love it? Let the dealership know you have financing approved with PenFed.

Contact us at 800-247-5626 or by email at PenFedAuto@PenFed.org to finalize your Car Buying Service Auto Loan.


BENEFITS OF THE PENFED CAR BUYING SERVICE

Save with PenFed Car Buying Service

Savings

Average member savings of over $3,668 off MSRP on new cars

Additional cash incentives

Additional Cash Incentives

Members-only cash back offers from select manufacturers

Loan discount

Loan Discount

Rates as low as % APR* on new cars up to 36 months

bonus

Buyer’s Bonus

Up to $1,000 in auto deductible reimbursement for buyers

Disclosures Print Icon Print

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

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

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

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

Used Vehicle Loan Payment Example: $20,000 at % APR; 72 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. Call 1-800-247-5626 for details.

Financing for 61-72 month term is valid for model years  - . Rate depends on term. Other restrictions including vehicle and mileage limitations may apply.

PenFed Car Buying Service

PenFed Car Buying Service is available in all 50 states.

Between , the average savings off MSRP presented by TrueCar Certified Dealers to users of the PenFed Car Buying Service, based on users who received in-stock price offers and who TrueCar identified as purchasing a new vehicle of the same make and model as one of the in-stock price offers from a Certified Dealer as of 10/31/2018, 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 not all vehicles are sold at MSRP. Each dealer sets its own pricing. Neither TrueCar nor PenFed brokers, sells, or leases vehicles.

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.

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 »

Find Extended Warranty

Extended Warranty

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

LEARN MORE »

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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