Advertised Rates current as of October 24, 2019, at the PenFed Credit Union Auto Sales Event. Your actual APR will be determined at the time of disbursement and will be based on your application and credit information. Not all applicants will qualify for the lowest rate. Rate also depends on amount borrowed and term. Other restrictions, including vehicle age and mileage, may apply. Vehicle weight restrictions apply. Up to 110% financing is available to qualified members for new and used vehicle purchases. New vehicle payment example: $20,000 loan with rate of 2.99% APR, 36 monthly payments of approximately $581.68. Maximum used car loan advance will be determined by PenFed using a NADA value. Used car loan example: $20,000 loan with a rate of 3.99% APR, 36 monthly payments of approximately $590.87.