Refinancing Loans
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To become a member and apply, follow these steps:

1. Apply for membership

2. Open a savings/share account with only $5

3. Complete your loan application

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Auto Refinance Loans

Refinance your auto loan from another lender and save on your monthly payment.

APPLY NOW

To become a member and apply, follow these steps:

1. Apply for membership

2. Open a savings/share account with only $5

3. Complete your loan application

NEW REFINANCE RATES

Vehicle's model year is or newer.

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


USED REFINANCE RATES

Pre-owned vehicles or vehicles with over 7501 miles.

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

FEATURES & BENEFITS

  • Secure a lower rate or longer payoff term on an existing auto loan
  • Loan amounts up to $100,000
  • Simple and transparent online application

• Average payment savings of $108 per month††

• Lower your rate to as low as % APR

• Finance for longer terms for extra flexibility in your budget

• 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. Rate valid for model years 2016 and newer.

Disclosures Print Icon Print

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 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.

††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 % 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 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 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. Vehicle weight and mileage restrictions apply.

 

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 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 »

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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