PenFed Extends 1.49% APR* Online Only Auto Financing Campaign

The credit union has extended its 1.49% APR* auto financing for online applications through the month of October on new, used, and external refinanced autos. For this campaign, the rate will be available on financing terms between 12 to 60 months.

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Pentagon Federal Credit Union

Oct 02, 2012, 01:12 ET

ALEXANDRIA, Va., Oct. 2, 2012 /PRNewswire/ -- PenFed (Pentagon Federal Credit Union) announced today that the credit union has extended its 1.49% APR* online only auto financing campaign through the month of October on all new, used and external refinanced autos financed between 12 to 60 months.

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In addition to the online-only 1.49% APR* auto financing campaign, members can get an even lower rate when they choose to purchase a vehicle through either of PenFed's premium auto purchase programs, Enterprise Car Sales and PenFed Auto Buying Service, and then finance with PenFed.

The Enterprise Car Sales service provides "no-haggle" used car pricing to clients, and this service is also available for free to all PenFed customers by visiting enterprisecarsales.com.

The PenFed Car Buying Service is a good fit for those individuals who are shopping for a new or used car, and who are looking for a hassle-free "one-stop shop" experience. The service is available for free to all PenFed customers by visiting PenFed.TrueCar.com.

The program allows clients 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 negotiated price quotes on vehicles from dealers in their area.

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

About PenFed (Pentagon Federal Credit Union)
Established in 1935, PenFed is one of the largest credit unions in the United States with over a million members and more than $15 billion in assets. PenFed provides an extensive selection of financial products to its members worldwide. Its core membership includes the Department of Defense, Army, Marine Corps, Navy, Air Force, and Coast Guard; Department of Homeland Security personnel, employees or volunteers of the American Red Cross, numerous military associations, and many others. PenFed is federally insured by the National Credit Union Administration and is an equal housing lender.

Disclosures: * 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. Further restrictions apply on vehicles with 100,000 miles or more. 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 1.49% APR; 60 monthly payments of approximately $ 346.11 each. Rate current as of October 2012, unless otherwise noted, and is subject to change.

SOURCE Pentagon Federal Credit Union