ALEXANDRIA, Va., April 18, 2012 /PRNewswire/ -- If spring fever has you shopping around for a great deal on auto financing, then Pentagon Federal Credit Union (PenFed) is your ticket to drive. PenFed announced today that the credit union will continue to run its popular 'Save Real Dollars" campaign for 1.99% APR auto financing on all new, used and external refinanced autos. For this campaign, the promotional rate is available as an online rate only on financing terms between 12 to 60 months, and runs for a limited-time.
PenFed members will receive an even lower promotional rate on their auto financing when they choose to purchase their new or used car through PenFed's Auto Buying Service or Enterprise Car Sales and finance it with the credit union. This promotional rate is available as an online rate only on financing terms between 12-60 months, and runs for a limited-time as well.
"Now is a great time to finance a car with PenFed," said Steve Troxel, Marketing Director, PenFed. "This campaign is one of the best of the best PenFed has chosen to rollout this spring to our membership. The rate and repayment terms combined, make this promotion a winning value that should not be passed up."
The PenFed Auto 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.zag.com.
The program allows clients to 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.
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.
In addition to the attractive 1.99% APR auto rate promotion, PenFed also offers competitive, low cost values on Extended Warranty plans, Guaranteed Asset Protection (GAP) and Life and Disability payment protection coverage.
For more information about PenFed or to apply for an auto loan, visit PenFed.org or call 800-247-5626.
About Pentagon Federal Credit Union
Pentagon Federal Credit Union (PenFed) is the second largest federal credit union and the third largest of all credit unions in the United States with over a million members, and more than $15 billion in assets. The credit union provides worldwide service to the Department of Defense, Army, Marine Corps, Navy, Air Force, Coast Guard, Department of Homeland Security personnel, employees or volunteers of the American Red Cross and military associations, and many 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; 60 monthly payments of approximately $350.47 each. Rate current as of April 2012, unless otherwise noted, and is subject to change.
SOURCE Pentagon Federal Credit Union