ALEXANDRIA, Va. -- Pentagon FCU unveiled a 0.74% rate today for online car loans provided through its car buying service as part of the credit union’s March Madness savings promotion.
Members using the PenFed Car Buying Service enjoy a potential average savings of $2,678 off the average price of a new car. The experience is tailored for shoppers looking for a new or used car in a convenient “one-stop shop.” The service is free to all PenFed customers by visiting
“Our Car Buying Service has received a tremendous response from our members,” said Steven Troxel, vice president of marketing at the $16 billion credit union. “We’re excited to make it available to more people who want one of the best rates around and a hassle-free shopping experience.”
PenFed’s auto purchase programs allow members to 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.
Members who prefer to negotiate at a dealership can still enjoy a 1.74% by financing online with PenFed, with terms between 12 to 60 months.
