Drive Smarter with PenFed Auto Loans

From competitive rates to a fast digital application and wide financing options, PenFed offers a modern take on car loans.

Financing a car doesn’t have to be complicated or stressful. With PenFed Auto Loans, you get a modern approach to vehicle financing that’s fast, flexible, and built for real life. Whether you’re buying new, used, or refinancing your current vehicle, PenFed—short for Pentagon Federal Credit Union—makes the process smoother with competitive rates and digital convenience.

You don’t need to be in the military to join PenFed, and applying is easy. You can even prequalify online with no impact on your credit score, giving you the freedom to explore your options before you commit. With PenFed, you’re not just getting a loan—you’re getting a smarter, simpler way to take the wheel.

Why Drivers Love PenFed Auto Loans

• Quick prequalification – Check your estimated rate online in just minutes, with no hard credit pull.
• Up to 125% financing – Cover more than just the car, including taxes and extras.
• Support for private sellers – You can finance a vehicle even if you’re not buying from a dealer.
• Low rates, no hidden fees – No application fees or prepayment penalties to worry about.
• Loan amounts up to $150,000 – Flexible for everything from a basic sedan to a luxury upgrade.
• Discounted pricing through TrueCar – Access PenFed’s Car Buying Service to save more.

Who Should Consider PenFed?

PenFed might be perfect for you if:

✅ You want to prequalify and shop with confidence

✅ You’re buying from a private party or need full-cost financing

✅ You want flexible loan options without any hidden charges

✅ You prefer handling the process online

It might not be ideal if:

❌ You’re buying a very old or high-mileage vehicle

❌ You need in-person service or banking support

❌ You’re looking for ultra-short repayment terms

What You Should Know Before Applying

• Membership is required – But don’t worry—it’s free and available to almost everyone.
• Mileage matters – Most vehicles need to have under 125,000 miles to qualify.
• Prequalification isn’t final – You’ll still need to complete a full application to secure your terms.
• Best deals go to newer cars – Expect lower APRs and better terms if your vehicle is only a few years old.
• Online-first experience – PenFed doesn’t rely on branches for most of the loan process.

How to Get a PenFed Auto Loan

1. Start online
   Visit PenFed’s site and prequalify with no credit impact.
2. Join PenFed
   If you’re not a member yet, you’ll join during the process—it’s fast and simple.
3. Choose your car
   Shop anywhere, including through PenFed’s TrueCar-powered platform.
4. Complete your application
   Submit vehicle and financial info to receive final approval and terms.
5. Receive your loan funds
   PenFed will send a check directly to the dealer or seller.
6. Drive off and manage your loan
   Set up payments online, track your balance, or pay early with no extra fees.