To apply for refinancing with PenFed, you will need:
- Your automobile’s VIN OR state of registration and plate number
- The name of your current lender
- Your personal identification information and documents
AUTO LOANS
Refinance and drive smarter
Rates starting at % APR*
Pre-qualify with no impact to your credit score1
Benefits you’ll love
No fees and a simple application process
Receive your rate in minutes.
Refinance loan amounts up to $150K
Get up to 125% of your current loan balance.
Flexible loan terms
Lower your monthly or overall payment.
Benefits you’ll love
No fees and a simple application process
Receive your rate in minutes.
Refinance loan amounts up to $150K
Get up to 125% of your current loan balance.
Flexible loan terms
Lower your monthly or overall payment.
Won’t affect your credit score1
Our members love their loans
“The process is just about seamless; it’s impressive”
–Martha B
“Service was very quick and extremely professional”
–Nestor R
“Application was easy and all questions I had were answered by the employees”
–Ricardo G
Won’t affect your credit score1
Apply in 3 simple steps
Won’t affect your credit score1
Estimated Monthly Payment for at APR*
| Current Monthly Payment | |
|---|---|
| PenFed Monthly Payment | − |
| Total Monthly Savings |
Find your perfect auto loan
Discover our flexible rates and terms and refinance your vehicle today!
NEW
USED
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36
Months
|
48
Months
|
60
Months
|
72
Months
|
84
Months
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New Auto RefinanceModel Year |
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Used Auto RefinancePre-owned vehicles with 7,501 or more miles |
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New Auto Refinance
Model Year ![]( "Auto Loans Previous Year")
or newer & less than 7,501 miles
New Auto Refinance
Model Year or newer & less than 7,501 miles
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36 Months
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|---|---|
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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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Used Auto Refinance
Pre-owned vehicles with 7,501 or more miles
Used Auto Refinance
Pre-owned vehicles with 7,501 or more miles
|
36 Months
|
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|---|---|
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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.
Disclosures
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.
1The 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.
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 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. For the 84-month loan term, eligible used vehicles must have model years as new as or newer than the current calendar year minus five years and less than 60,000 miles.
Rate depends on term. Vehicle weight and mileage restrictions apply.
Loan Payment Example: A $20,000 new auto loan financed at % APR would amount to 60 monthly payments of approximately $
each.