Shift into drive with up to $350

^‡$200 auto loan bonus offer: Credit and collateral subject to approval. Existing PenFed loans are not eligible for this offer. The $200 bonus offer applies to auto purchase and refinance loan applications that are received through PenFed between 4/10/2025 and 5/12/2025 with a minimum loan amount of $10,000. PenFed internal refinances and refinance loans originated from 3rd party partners are not eligible for this promotion; refinance loans must be refinanced from another institution outside PenFed. Loan must be open for at least 60 days, have 2 full monthly payments made, and be in good standing to be eligible for the bonus. The $200 bonus will be deposited to the primary applicant’s share savings account by October 15, 2025 and recipient is solely responsible for any personal tax liability arising out of this incentive. PenFed may discontinue or change the promotion at any time. Each member is only eligible for one $200 bonus offer on an auto loan between 4/10/2025 and 6/12/2025. Other restrictions may apply.

**$150 checking bonus offer: Member must use a PenFed Checking account to make two monthly recurring payments on an auto loan funded at greater than $10,000 through PenFed between 4/10/25 and 5/12/2025; the recurring monthly payment must cover the full amount due for the month; and the checking account must remain active and in good standing to qualify for the $150 checking bonus. Member is responsible for setting up recurring payments on their PenFed Auto Loan for the full amount of the monthly payment due. The PenFed Checking account does not have to be opened prior to 5/12/2025. The $150 checking bonus will be deposited to the member’s PenFed Checking or Savings account by October 15, 2025. The promotional bonus will be reported on the year-end Form 1099-INT as taxable income. PenFed may discontinue or change the promotion at any time. Other restrictions may apply.

Account is a variable rate account. APY (Annual Percentage Yield) of % applies to accounts with a daily balance of $-$ and a monthly direct deposit of $500 or more. APY of % applies to accounts with a daily balance less than $ and a monthly direct deposit of $500 or more. APYs are valid as of last dividend declaration date of and are subject to change at any time. Fees may reduce earnings on account. Minimum deposit of $25 required to open an account. When an account is terminated prior to the end of a statement cycle, dividends will be paid if the aggregate direct deposit requirement is met on the date of account termination.

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.

^††Average monthly payment savings of $191 per month was calculated based on the average monthly payments offered to PenFed members compared to their prior average monthly payments between Jan 1, 2023 and Mar 23, 2023. 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 $399, and their average monthly payment savings would be $54. Your savings may be different.

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. Up to 110% financing is available in 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.