Great Rates for Drivers

CAR BUYING SERVICE NEW AUTO LOAN

Vehicle's model year  or newer.

APR as low as* Term Loan Amount Approx. Loan Pmt.
($20,000 Loan)
% 36 mos $ - $ $
% 60 mos $ - $ $
% 72 mos $ - $ $
APPLY NOW

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

CAR BUYING SERVICE USED AUTO LOAN

Pre-owned vehicles or vehicles with over 7501 miles.

APR as low as* Term Loan Amount Approx. Loan Pmt.
($20,000 Loan)
% 36 mos $ - $ $
% 60 mos $ - $ $
% 72 mos $ - $ $
APPLY NOW

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

NEW AUTO LOAN

APR as low as* Term Loan Amount Approx. Loan Pmt.
($20,000 Loan)
% 36 mos $ - $ $
% 60 mos $ - $ $
APPLY NOW

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

USED AUTO LOAN

APR as low as* Term Loan Amount Approx. Loan Pmt.
($20,000 Loan)
% 36 mos
$ - $ $
% 60 mos $ - $ $
APPLY NOW

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

REFINANCE NEW AUTO LOAN

Vehicle's model year  or newer.

APR as low as* Term Loan Amount Approx. Loan Pmt.
($20,000 Loan)
% 36 mos $ - $ $
Apply Now

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

REFINANCE USED AUTO LOAN

Pre-owned vehicles or vehicles with over 7501 miles.

APR as low as* Term Loan Amount Approx. Loan Pmt.
($20,000 Loan)
% 36 mos $ - $ $
Apply Now

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

PAYMENT SAVER NEW AUTO LOAN

Rate Term Loan Amount
% APR 49 to 60 mos -

Vehicle's model year  or newer.

Loan Payment Example: A $27,000 new auto financed at % APR; 60 monthly payments of approximately $ each, with a final balloon payment of approximately $.

Apply Now

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

PAYMENT SAVER USED AUTO LOAN

Rate Term Loan Amount
% APR 49 to 60 mos -

Pre-owned vehicles model year and newer.

Loan Payment Example: A $27,000 used auto financed at % APR; 60 monthly payments of approximately $ each, with a final balloon payment of approximately $.

 

Apply Now

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

Estimate Your Costs

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
$
$
$
$
$

$ 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
$

The minimum loan amount is $500 and the maximum amount cannot exceed $100,000

You pay $14 less per month with PenFed

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

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 »

warranty icon

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 icon

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 »

Disclosures Print Icon Print

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.

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 110% financing is available. 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.

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 year or newer. Rate depends on term. Vehicle weight and mileage restrictions apply.

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 NADA value. Up to 100% financing is available to qualified members. 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.

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 10/31/2019, 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.

Payment Saver Auto Loans:

How It Works

With Payment Saver Auto Loans, you will be able to make a lower payment than what the conventional auto loan would offer, yet at a higher interest rate. Then, at the end of the loan, you will owe the remaining balance of the loan itself. At this juncture, you may choose to pay off the loan or sell, trade, or refinance the vehicle. There is no guarantee of refinance. Refinancing subject to PenFed's current creditworthiness standards.

Your Payment Saver Auto Loan payment is calculated based on the loan term, the amount you have requested, and the residual value of the vehicle. The residual is the expected value of your vehicle at the end of your loan term.

The difference between your loan amount requested and the residual value is amortized over the loan term, resulting in a low monthly payment without the danger of your becoming upside-down in the loan.

The residual value of the vehicle after the loan term is an estimation. We cannot guarantee this value. The residual value is subject to current used car market conditions and depends on a number of factors including, but not limited to, the mileage the car has been driven and the condition of the car at the end of the loan term.

Electric vehicles are not eligible to be financed with a Payment Saver Loan.

Pre-approved drafts are not available for Payment Saver 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.

The vehicle mileage may not exceed 15,000 miles per year based on the model year.

Used car loan value based on NADA Retail Value. Other restrictions may apply. Call 1-800-247-5626 for details.

Loan Payment Example: A $27,000 new auto financed at % APR; 60 monthly payments of approximately $ each, with a final balloon payment of approximately $.

PenFed PenFed, Inc FREE - On Google Play