Car buying service powered by TrueCar
Let us do the shopping for you. Get discounted pricing and our best rates on your next vehicle purchase in partnership with TrueCar. Rates starting at % APR*.
Your new car journey starts here
Drive away happy with an auto loan from PenFed.
Won’t affect your credit score1
Our members love their loans
“The APR and monthly payments are accessible, and it accommodates my needs”
-Frank B
“Great service and follow up coupled with low interest rates for all products”
-Grover F
“Best rates, easy application process, and checks are sent out quickly”
-Humberto G
Won’t affect your credit score1
Apply in 3 simple steps
Won’t affect your credit score1
Auto Loan Calculator
Estimated Monthly Payment for at APR*
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Find your perfect auto loan
Discover our flexible rates and terms - your next vehicle awaits!
NEW CAR
USED CAR
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36
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48
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60
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72
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Pre-owned vehicles or vehicles with over 7,501 miles |
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Model Year ![]( "Auto Loans Previous Year")
or newer & never titled
Model Year or newer & never titled
Model Year ![]( "Auto Loans Previous Year")
or newer & never titled
Model Year or newer & never titled
Pre-owned vehicles or vehicles with over 7,501 miles
Pre-owned vehicles or vehicles with over 7,501 miles
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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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Model Year |
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Pre-owned vehicles with over 7,501 miles |
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Model Year ![]( "Auto Loans Previous Year")
or newer & less than 7,501 miles
Model Year or newer & less than 7,501 miles
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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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Pre-owned vehicles with over 7,501 miles
Pre-owned vehicles with over 7,501 miles
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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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*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.
Won’t affect your credit score1
Disclosures
Rates and offers current as of and are subject to change.
1
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.
*
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., 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: Up to 125% financing is available in the U.S., 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 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., 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.
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.