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Penfed Credit Union Used Car Rates

Last updated: October 07, 2024

If you're considering buying a used car, it's essential to find a reputable financial institution that offers competitive loan rates. Penfed Credit Union is a trusted name in the industry, and they have some great options for used car financing. In this article, we will explore Penfed Credit Union's used car rates, how to qualify, and why they may be the ideal choice for your car purchase needs.

Penfed Credit Union Used Car Loan Rates

Penfed Credit Union offers competitive interest rates for used car loans. Their rates vary depending on factors such as credit history, loan term, and the value of the car. It's worth noting that Penfed Credit Union has different rates for new and used cars, and used car rates tend to be slightly higher due to the increased risk associated with used vehicles.

To get specific details on Penfed Credit Union's used car loan rates, it's best to visit their official website. They have a user-friendly online tool that allows you to calculate estimated loan payments based on your desired loan amount, term, and interest rate. This way, you can easily determine how their rates align with your budget.

Qualifying for a Used Car Loan from Penfed Credit Union

As with any loan application, certain requirements must be met to qualify for a used car loan from Penfed Credit Union. The most crucial criteria typically include:

  • Good credit score: A higher credit score improves your chances of securing a lower interest rate.
  • Stable income: Lenders want assurance that you can repay the loan, so a steady income is vital.
  • Reasonable debt-to-income ratio: Lenders consider your existing debts when evaluating your loan application.
  • Valid documentation: You'll need documents such as identification, proof of income, and proof of residence.

It's important to note that meeting these requirements doesn't guarantee loan approval, but it increases your chances significantly.

Advantages of Choosing Penfed Credit Union

When opting for a used car loan, Penfed Credit Union offers several advantages that set them apart from other financial institutions. These advantages include:

  • Competitive rates: Penfed Credit Union's rates are generally lower compared to many traditional banks, saving you money in the long run.
  • Flexible loan terms: They offer a variety of loan terms, allowing you to choose the one that best fits your financial situation.
  • No hidden fees: Penfed Credit Union is known for being transparent with their fees, ensuring you won't encounter any surprises during the loan process.
  • Excellent customer service: They have a dedicated team ready to assist you throughout the loan application and approval process.

Penfed Credit Union offers competitive used car loan rates and exceptional service, making them a great choice for financing your used car. Remember to visit their official website for the most accurate and up-to-date information on rates and loan terms. By considering Penfed Credit Union for your used car financing needs, you can potentially save money while enjoying a hassle-free loan experience.



36 Month Loan Term


Date

APR

10/07/2024

6.19%

10/06/2024

6.19%

10/05/2024

6.19%

10/04/2024

6.19%

10/03/2024

6.79%

10/02/2024

6.79%

10/01/2024

6.79%

09/30/2024

6.79%

09/29/2024

6.79%

09/28/2024

6.79%

09/27/2024

6.79%

09/26/2024

6.79%

09/25/2024

6.79%

09/24/2024

6.79%

09/23/2024

6.79%

09/22/2024

6.79%

09/21/2024

6.79%

09/20/2024

6.79%

09/19/2024

6.79%

09/18/2024

6.79%

09/17/2024

6.79%

09/16/2024

6.79%

09/15/2024

6.79%

09/14/2024

6.79%

09/13/2024

6.79%

09/12/2024

6.79%

09/11/2024

6.79%

09/10/2024

6.79%

09/09/2024

6.79%

09/08/2024

6.79%

09/07/2024

6.79%

09/06/2024

6.79%

09/05/2024

6.79%

09/04/2024

6.79%

09/03/2024

6.79%

09/02/2024

6.79%

09/01/2024

6.79%

08/31/2024

6.79%

08/30/2024

6.79%

08/29/2024

6.79%

08/28/2024

6.79%

08/27/2024

6.79%

08/26/2024

6.79%

08/25/2024

6.79%

08/24/2024

6.79%

08/23/2024

6.79%

08/22/2024

6.79%

08/21/2024

6.79%

08/20/2024

6.79%

08/19/2024

6.79%

08/18/2024

6.79%

08/17/2024

6.79%

08/16/2024

6.79%

08/15/2024

6.79%

08/14/2024

6.79%

08/13/2024

6.79%

08/12/2024

6.79%

08/11/2024

6.79%

08/10/2024

6.79%

08/09/2024

6.79%

08/08/2024

6.79%

08/07/2024

6.79%

08/06/2024

6.79%

08/05/2024

6.79%

08/04/2024

6.79%

08/03/2024

6.79%

08/02/2024

6.79%

08/01/2024

6.79%

07/31/2024

6.79%

07/30/2024

6.79%

07/29/2024

6.79%

07/28/2024

6.79%

07/27/2024

6.79%

07/26/2024

6.79%

07/25/2024

6.79%

07/24/2024

6.79%

07/23/2024

6.79%

07/22/2024

6.79%

07/21/2024

6.79%

07/20/2024

6.79%

07/19/2024

6.79%

07/18/2024

6.79%

07/17/2024

6.79%

07/16/2024

6.79%

07/15/2024

6.79%

07/14/2024

6.79%

07/13/2024

6.79%

07/12/2024

6.79%

07/11/2024

6.79%

07/10/2024

6.79%

48 Month Loan Term


Date

APR

10/07/2024

6.29%

10/06/2024

6.29%

10/05/2024

6.29%

10/04/2024

6.29%

10/03/2024

6.89%

10/02/2024

6.89%

10/01/2024

6.89%

09/30/2024

6.89%

09/29/2024

6.89%

09/28/2024

6.89%

09/27/2024

6.89%

09/26/2024

6.89%

09/25/2024

6.89%

09/24/2024

6.89%

09/23/2024

6.89%

09/22/2024

6.89%

09/21/2024

6.89%

09/20/2024

6.89%

09/19/2024

6.89%

09/18/2024

6.89%

09/17/2024

6.89%

09/16/2024

6.89%

09/15/2024

6.89%

09/14/2024

6.89%

09/13/2024

6.89%

09/12/2024

6.89%

09/11/2024

6.89%

09/10/2024

6.89%

09/09/2024

6.89%

09/08/2024

6.89%

09/07/2024

6.89%

09/06/2024

6.89%

09/05/2024

6.89%

09/04/2024

6.89%

09/03/2024

6.89%

09/02/2024

6.89%

09/01/2024

6.89%

08/31/2024

6.89%

08/30/2024

6.89%

08/29/2024

6.89%

08/28/2024

6.89%

08/27/2024

6.89%

08/26/2024

6.89%

08/25/2024

6.89%

08/24/2024

6.89%

08/23/2024

6.89%

08/22/2024

6.89%

08/21/2024

6.89%

08/20/2024

6.89%

08/19/2024

6.89%

08/18/2024

6.89%

08/17/2024

6.89%

08/16/2024

6.89%

08/15/2024

6.89%

08/14/2024

6.89%

08/13/2024

6.89%

08/12/2024

6.89%

08/11/2024

6.89%

08/10/2024

6.89%

08/09/2024

6.89%

08/08/2024

6.89%

08/07/2024

6.89%

08/06/2024

6.89%

08/05/2024

6.89%

08/04/2024

6.89%

08/03/2024

6.89%

08/02/2024

6.89%

08/01/2024

6.89%

07/31/2024

6.89%

07/30/2024

6.89%

07/29/2024

6.89%

07/28/2024

6.89%

07/27/2024

6.89%

07/26/2024

6.89%

07/25/2024

6.89%

07/24/2024

6.89%

07/23/2024

6.89%

07/22/2024

6.89%

07/21/2024

6.89%

07/20/2024

6.89%

07/19/2024

6.89%

07/18/2024

6.89%

07/17/2024

6.89%

07/16/2024

6.89%

07/15/2024

6.89%

07/14/2024

6.89%

07/13/2024

6.89%

07/12/2024

6.89%

07/11/2024

6.89%

07/10/2024

6.89%

60 Month Loan Term


Date

APR

10/07/2024

6.34%

10/06/2024

6.34%

10/05/2024

6.34%

10/04/2024

6.34%

10/03/2024

6.94%

10/02/2024

6.94%

10/01/2024

6.94%

09/30/2024

6.94%

09/29/2024

6.94%

09/28/2024

6.94%

09/27/2024

6.94%

09/26/2024

6.94%

09/25/2024

6.94%

09/24/2024

6.94%

09/23/2024

6.94%

09/22/2024

6.94%

09/21/2024

6.94%

09/20/2024

6.94%

09/19/2024

6.94%

09/18/2024

6.94%

09/17/2024

6.94%

09/16/2024

6.94%

09/15/2024

6.94%

09/14/2024

6.94%

09/13/2024

6.94%

09/12/2024

6.94%

09/11/2024

6.94%

09/10/2024

6.94%

09/09/2024

6.94%

09/08/2024

6.94%

09/07/2024

6.94%

09/06/2024

6.94%

09/05/2024

6.94%

09/04/2024

6.94%

09/03/2024

6.94%

09/02/2024

6.94%

09/01/2024

6.94%

08/31/2024

6.94%

08/30/2024

6.94%

08/29/2024

6.94%

08/28/2024

6.94%

08/27/2024

6.94%

08/26/2024

6.94%

08/25/2024

6.94%

08/24/2024

6.94%

08/23/2024

6.94%

08/22/2024

6.94%

08/21/2024

6.94%

08/20/2024

6.94%

08/19/2024

6.94%

08/18/2024

6.94%

08/17/2024

6.94%

08/16/2024

6.94%

08/15/2024

6.94%

08/14/2024

6.94%

08/13/2024

6.94%

08/12/2024

6.94%

08/11/2024

6.94%

08/10/2024

6.94%

08/09/2024

6.94%

08/08/2024

6.94%

08/07/2024

6.94%

08/06/2024

6.94%

08/05/2024

6.94%

08/04/2024

6.94%

08/03/2024

6.94%

08/02/2024

6.94%

08/01/2024

6.94%

07/31/2024

6.94%

07/30/2024

6.94%

07/29/2024

6.94%

07/28/2024

6.94%

07/27/2024

6.94%

07/26/2024

6.94%

07/25/2024

6.94%

07/24/2024

6.94%

07/23/2024

6.94%

07/22/2024

6.94%

07/21/2024

6.94%

07/20/2024

6.94%

07/19/2024

6.94%

07/18/2024

6.94%

07/17/2024

6.94%

07/16/2024

6.94%

07/15/2024

6.94%

07/14/2024

6.94%

07/13/2024

6.94%

07/12/2024

6.94%

07/11/2024

6.94%

07/10/2024

6.94%

72 Month Loan Term


Date

APR

10/07/2024

6.89%

10/06/2024

6.89%

10/05/2024

6.89%

10/04/2024

6.89%

10/03/2024

6.99%

10/02/2024

6.99%

10/01/2024

6.99%

09/30/2024

6.99%

09/29/2024

6.99%

09/28/2024

6.99%

09/27/2024

6.99%

09/26/2024

6.99%

09/25/2024

6.99%

09/24/2024

6.99%

09/23/2024

6.99%

09/22/2024

6.99%

09/21/2024

6.99%

09/20/2024

6.99%

09/19/2024

6.99%

09/18/2024

6.99%

09/17/2024

6.99%

09/16/2024

6.99%

09/15/2024

6.99%

09/14/2024

6.99%

09/13/2024

6.99%

09/12/2024

6.99%

09/11/2024

6.99%

09/10/2024

6.99%

09/09/2024

6.99%

09/08/2024

6.99%

09/07/2024

6.99%

09/06/2024

6.99%

09/05/2024

6.99%

09/04/2024

6.99%

09/03/2024

6.99%

09/02/2024

6.99%

09/01/2024

6.99%

08/31/2024

6.99%

08/30/2024

6.99%

08/29/2024

6.99%

08/28/2024

6.99%

08/27/2024

6.99%

08/26/2024

6.99%

08/25/2024

6.99%

08/24/2024

6.99%

08/23/2024

6.99%

08/22/2024

6.99%

08/21/2024

6.99%

08/20/2024

6.99%

08/19/2024

6.99%

08/18/2024

6.99%

08/17/2024

6.99%

08/16/2024

6.99%

08/15/2024

6.99%

08/14/2024

6.99%

08/13/2024

6.99%

08/12/2024

6.99%

08/11/2024

6.99%

08/10/2024

6.99%

08/09/2024

6.99%

08/08/2024

6.99%

08/07/2024

6.99%

08/06/2024

6.99%

08/05/2024

6.99%

08/04/2024

6.99%

08/03/2024

6.99%

08/02/2024

6.99%

08/01/2024

6.99%

07/31/2024

6.99%

07/30/2024

6.99%

07/29/2024

6.99%

07/28/2024

6.99%

07/27/2024

6.99%

07/26/2024

6.99%

07/25/2024

6.99%

07/24/2024

6.99%

07/23/2024

6.99%

07/22/2024

6.99%

07/21/2024

6.99%

07/20/2024

6.99%

07/19/2024

6.99%

07/18/2024

6.99%

07/17/2024

6.99%

07/16/2024

6.99%

07/15/2024

6.99%

07/14/2024

6.99%

07/13/2024

6.99%

07/12/2024

6.99%

07/11/2024

6.99%

07/10/2024

6.99%

84 Month Loan Term


Date

APR

10/07/2024

7.64%

10/06/2024

7.64%

10/05/2024

7.64%

10/04/2024

7.64%

10/03/2024

7.74%

10/02/2024

7.74%

10/01/2024

7.74%

09/30/2024

7.74%

09/29/2024

7.74%

09/28/2024

7.74%

09/27/2024

7.74%

09/26/2024

7.74%

09/25/2024

7.74%

09/24/2024

7.74%

09/23/2024

7.74%

09/22/2024

7.74%

09/21/2024

7.74%

09/20/2024

7.74%

09/19/2024

7.74%

09/18/2024

7.74%

09/17/2024

7.74%

09/16/2024

7.74%

09/15/2024

7.74%

09/14/2024

7.74%

09/13/2024

7.74%

09/12/2024

7.74%

09/11/2024

7.74%

09/10/2024

7.74%

09/09/2024

7.74%

09/08/2024

7.74%

09/07/2024

7.74%

09/06/2024

7.74%

09/05/2024

7.74%

09/04/2024

7.74%

09/03/2024

7.74%

09/02/2024

7.74%

09/01/2024

7.74%

08/31/2024

7.74%

08/30/2024

7.74%

08/29/2024

7.74%

08/28/2024

7.74%

08/27/2024

7.74%

08/26/2024

7.74%

08/25/2024

7.74%

08/24/2024

7.74%

08/23/2024

7.74%

08/22/2024

7.74%

08/21/2024

7.74%

08/20/2024

7.74%

08/19/2024

7.74%

08/18/2024

7.74%

08/17/2024

7.74%

08/16/2024

7.74%

08/15/2024

7.74%

08/14/2024

7.74%

08/13/2024

7.74%

08/12/2024

7.74%

08/11/2024

7.74%

08/10/2024

7.74%

08/09/2024

7.74%

08/08/2024

7.74%

08/07/2024

7.74%

08/06/2024

7.74%

08/05/2024

7.74%

08/04/2024

7.74%

08/03/2024

7.74%

08/02/2024

7.74%

08/01/2024

7.74%

07/31/2024

7.74%

07/30/2024

7.74%

07/29/2024

7.74%

07/28/2024

7.74%

07/27/2024

7.74%

07/26/2024

7.74%

07/25/2024

7.74%

07/24/2024

7.74%

07/23/2024

7.74%

07/22/2024

7.74%

07/21/2024

7.74%

07/20/2024

7.74%

07/19/2024

7.74%

07/18/2024

7.74%

07/17/2024

7.74%

07/16/2024

7.74%

07/15/2024

7.74%

07/14/2024

7.74%

07/13/2024

7.74%

07/12/2024

7.74%

07/11/2024

7.74%

07/10/2024

7.74%