To receive any advertised product, you must become a member of PenFed Credit Union which includes opening a $5 PenFed savings account.
Rates and offers current as of ![]( "Car Rate Effective")
and are subject to change.
1Pre-qualification Disclosure: 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.
††Average monthly payment savings of $108 per month was calculated based on the average monthly payments offered to PenFed members compared to their prior average monthly payments between May 1, 2020 and November 30, 2020. Each applicant’s savings may depend on each applicant’s new interest rate, term, and/or third party fees. For example, an applicant has a current vehicle loan with an amount of $24,227, an interest rate of 4.62%, loan term of 60 months, and monthly payment of $453. If that applicant refinances with PenFed for an amount of $24,227 an interest rate of ![]( "New Auto 72")
% and loan term of 72 months, that member would have a monthly payment of approximately $362, and their average monthly payment savings would be $91. Your savings may be different. Please visit https://www.penfed.org/calculators/auto-loan-calculators to get your estimated monthly payment.
Refinance Auto Loans: New vehicles are where you are the original owner and the vehicle is a current ![]( "Auto Loans Previous Year")
model year or newer and has less than 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. Vehicle weight and mileage restrictions apply.
Loan Payment Example: A $20,000 new auto loan financed at ![]( "New Auto Refi 60")
% APR would amount to 60 monthly payments of approximately $![]( "Auto Loan Example New Refi 60 Months")
each.
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Auto Refinance
Pre-qualify online in minutes without impacting your credit score1.
NEW REFINANCE RATES
Vehicle's model year is![]( "Auto Loans Previous Year")
or newer.
($20,000 loan)
USED REFINANCE RATES
Pre-owned vehicles or vehicles with over 7501 miles.
($20,000 loan)
FEATURES & BENEFITS
• Pre-qualify online in minutes without impacting your credit score1
• Average payment savings of $108 per month††
• Lower your rate to as low as![]( "New Auto Refi 36")
% APR
• Existing PenFed auto loans are not eligible for refinance
*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. Not all applicants will qualify for the lowest rate. Rates quoted assume excellent borrower credit history.
To receive any advertised product, you must become a member of PenFed Credit Union which includes opening a $5 PenFed savings account.
Rates and offers current as of![]( "Car Rate Effective")
and are subject to change.
1Pre-qualification Disclosure: 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.
††Average monthly payment savings of $108 per month was calculated based on the average monthly payments offered to PenFed members compared to their prior average monthly payments between May 1, 2020 and November 30, 2020. Each applicant’s savings may depend on each applicant’s new interest rate, term, and/or third party fees. For example, an applicant has a current vehicle loan with an amount of $24,227, an interest rate of 4.62%, loan term of 60 months, and monthly payment of $453. If that applicant refinances with PenFed for an amount of $24,227 an interest rate of![]( "New Auto 72")
% and loan term of 72 months, that member would have a monthly payment of approximately $362, and their average monthly payment savings would be $91. Your savings may be different. Please visit https://www.penfed.org/calculators/auto-loan-calculators to get your estimated monthly payment.
Refinance Auto Loans: New vehicles are where you are the original owner and the vehicle is a current![]( "Auto Loans Previous Year")
model year or newer and has less than 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. Vehicle weight and mileage restrictions apply.
Loan Payment Example: A $20,000 new auto loan financed at![]( "New Auto Refi 60")
% APR would amount to 60 monthly payments of approximately $![]( "Auto Loan Example New Refi 60 Months")
each.