AUTO LOAN BONUS 12/19 - 1/31

Earn a $200 bonus on a purchase or refinance auto loan1

See your rate with no impact to your credit score2

Auto Refinance Loans

You deserve a better rate. Refinance an existing auto loan from another lender with PenFed.

 

Used Auto Loans

Get the car you want with the payment you need. Finance for up to 72 months.

 

New Auto Loans

Get a great rate on your next new auto loan and shop anywhere. Rates as low as % APR*.

 

Auto Calculators

$
$
$
$

$ 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
$

Not a problem, anyone can join. Apply now and we'll create your membership during this application.

$
$
$
$

$ 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
$

Not a problem, anyone can join. Apply now and we'll create your membership during this application.

The minimum loan amount is $500 and the maximum amount cannot exceed $150,000

You pay $14 less per month with PenFed

$573
$586
PenFed Estimated Monthly Payment
Current Rate Estimated Monthly Payment

Disclosures

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.

1. The 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.

2. The 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.

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.

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 72 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.