SOURCE: Pentagon Federal Credit Union

Pentagon Federal Credit Union

October 04, 2011 14:06 ET

PenFed Now Offering a Low 1.99% APR on New, Used and Refinanced Auto Financing

For a Limited-Time Only, PenFed Rolls Out a Low 1.99% APR for New, Used, and Auto Refinancing for Online Applications on Terms From 12 to 48 Months

ALEXANDRIA, VA--(Marketwire - Oct 4, 2011) - Pentagon Federal Credit Union (PenFed) announced today that deal seekers can now enjoy an attractive 1.99% APR on all new, used and external refinanced auto financing on terms from 12 to 48 months with the credit union. The promotional rate is available as an online rate only, and runs for a limited-time.

The rate isn't the only value auto buyers can enjoy with PenFed's auto financing. For those individuals looking to buy a new or used car, PenFed offers a hassle-free "one-stop shop" experience with their new PenFed Auto Buying Program, available to PenFed customers by visiting http://penfed.zag.com.

The program allows customers access to a comprehensive site where they can research new and used vehicles; get safety information, see photos and videos of vehicles, read reviews, and receive actual price quotes on vehicles from dealers in the program located in their area.

PenFed provides financing for new autos up to 100% of the Manufacturer's Suggested Retail Price (MSRP), to include title, taxes and tags. For used and refinanced vehicles, financing is available up to the NADA bluebook value of the vehicle.

For more information about PenFed or to apply for an auto loan, visit www.PenFed.org or call 800-247-5626.

About Pentagon Federal Credit Union

Pentagon Federal Credit Union is the third largest credit union in the United States with over a million members, and more than $15 billion in assets. The credit union provides worldwide service to Army, Marine Corps, Navy, Air Force, Coast Guard, Department of Defense, and Department of Homeland Security personnel, members of the VFW, employees or volunteers of the American Red Cross, and others in the defense community and their families.

  • Internet only special rate. Higher rate will be assessed if you do not apply online. Up to 100% financing is available to qualified members. Promotional rate is not available to refinance existing PenFed auto loans. Used Cars: Maximum used car loan advance is NADA "Retail Value" or 80% of the purchase price where NADA "Retail Value" is not available. Amount financed determines loan term. Further restrictions apply on vehicles with 100,000 miles or more. Up to 100% financing is available to qualified members. Call 800-247-5626 for details. Rate and term are based upon loan amount and model year and are subject to change. Other conditions apply. Loan Example: $20,000 at 1.99% APR; 48 monthly payments of approximately $434 each. Rate current as of October 2011 unless otherwise noted and is subject to change.

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