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Thread: PenFed offering rates as low as 1.99 on Used auto loans

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  1. #1 Default PenFed offering rates as low as 1.99 on Used auto loans 
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    Penfed.org just sent me an email with an offer for a Used autoloan, its pretty much the best i've ever seen on a used (non certified) auto loan

    Check out www.penfed.org for more details, but this is what they sent me

    Our philosophy is simple—If you can find a better deal, TAKE IT!
    12 to 48 months financing for up to $70,000

    One of the VERY BEST used car loan rates in the nation!

    Payment example: $20,000 loan at 1.99% APR, 48 monthly payments of approximately $434 each

    Rate depends on amount borrowed, term, and model year

    All rates and offers as of September 6, 2011 for new applications only, for a limited time, and subject to change without notice.

    Actual loan term and rate dependent on amount borrowed and model year. Promotional rate is not available to refinance existing PenFed car loans. *Rate applies to online applications only. Higher rate will be assessed if you do not apply online. If refinancing a PenFed car loan that has a higher rate, you must apply for an additional $5,000. Collateral conditions apply. Used car loan value based on NADA Retail Value. Car Loan example: $20,000 loan at 1.99% APR, 48 monthly payments of approximately $434 each.
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  2. #2 Default  
    wow, that is super low.
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  3. #3 Default  
    thats ridiculously low. not checking the website cuz i dont want to buy another car now
    Oh Yeah!
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  4. #4 Default  
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    Shit might as well be free

    If you take the max loan of 70k, for max term of 48 mos, its only 2881 in interest, and $1518/mo

    20k loan, for max term is $823 in interest and $433/mo

    good deal for anyone look at cars right now, if you have a 720+ fico
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  5. #5 Default  
    Sooooo tempting
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  6. #6 Default  
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    Damn that is tempting, but I haz three MB's already. I may considering selling one if I can get this...new CLS? LOL.

    My FICO is well over 750, so I will check it out. Thanks!
    CLS500 |AMG Package | Premium Package | Lighting Package | Entertainment Package | iPod Kit | Keyless Go | Parktronic | Distronic | Hands Free Communication | Bluetooth | Trunk Closer | Voice Command

    R500 | Premium Package | Lighting Package | Entertainment Package | Parktronic | Hands Free Communication | Bluetooth | Chrome Package | On 20's

    E320 | On Chrome 16's
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