PenFed Credit Union: Auto Loan Refinance on 2021 Models, Pay 1.79% APR + Earn
Expired
$150 Bonus
for Loans $10K+
+87Deal Score
54,305 Views
PenFed Credit Union (Locations) Offers its Members: 1.79% APR on a Auto Loan Refinance from Another Institution for 2021 or Newer Car Models. Additionally, Earn $150 Bonus on Auto Loan Refinance of $10,000 or More.
Thanks community member sdStu for sharing this deal
Editor's Notes & Price Research
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Offer Terms:
You must be a PenFed Credit Union member to qualify for this offer. You may become a member of PenFed Credit Union by opening a $5 PenFed savings account.
The auto refinance rebate of $150 is eligible on loan amounts of $10,000 and greater and must be refinanced from another institution. Applies to refinance loan applications funded between 02/12/2022 and 4/15/2022.
The $150 rebate will be deposited to the membership share savings account within 90 days of the loan disbursal date.
Refer to forum thread for additional deal discussion. -slickdewmaster
Last Edited by soloma
February 24, 2022
at
05:06 AM
1$150 Bonus Offer Disclosure: The auto refinance rebate of $150 is eligible on loan amounts of $10,000 and greater and must be refinanced from another institution. Applies to refinance loan applications funded between 02/12/2022 and 4/15/2022. PenFed internal refinances and loans originated from 3rd party partners are not eligible for this promotion. The $150 rebate will be deposited to the membership share savings account within 90 days of the loan disbursal date. At time of rebate posting, the loan must be currently active and have at least 1 payment posted in order to qualify. PenFed may discontinue or change the promotion at any time. Other restrictions may apply.
2Pre-qualification Disclosure: The initial inquiry will be a soft pull that will not affect your credit score. If you choose to initiate a loan application after checking your rates, you will be required to authorize a full credit report inquiry, which would be considered a hard pull and may affect your credit.
16% AND early payoff fee?! Do you bank with the Corleone family?
You do not (and should not) pay closing fees on a car finance / refinance (with the possible exception of government fees for a new title being issued, which should be $50 or less in most areas and many lenders don't even charge you that). YMMV.
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I wish I didn't already have my loan with them or I'd jump on this
Quote
from Krayzie916
:
Holy crap u just saved me $250 a month. Thank you
Woulda been the 3rd time I refinanced the auto loan (NFCU>DCU>Penfed) & got $150 each hop, but interest rate offered on a used vehicle is horrid, from what I'm used to previously seeing with mil. being 1.99%s!
New Est. Monthly Payment 36 months, 3.99% APR
It'd be me paying $1K/8 mo=+60 in interest +$20 in re-titling (the others charged that)=meh for $70 in potential savings.
Woulda been the 3rd time I refinanced the auto loan (NFCU>DCU>Penfed) & got $150 each hop, but interest rate offered on a used vehicle is horrid, from what I'm used to previously seeing with mil. being 1.99%s!
New Est. Monthly Payment 36 months, 3.99% APR
It'd be me paying $1K/8 mo=+60 in interest +$20 in re-titling (the others charged that)=meh for $70 in potential savings.
wow with incentives like this I wish my car wasn't paid off
Nice offer! Would've jumped on this if i was in market for new car.
Fortunately, 4 months ago, I was able to secure a deal from dealer (without paying over sticker haha!) and refinanced it at 1.49% with Tower Federal CU.
What's typically the closing for refinancing a car?
You do not (and should not) pay closing fees on a car finance / refinance (with the possible exception of government fees for a new title being issued, which should be $50 or less in most areas and many lenders don't even charge you that). YMMV.
What's typically the closing for refinancing a car?
Quote
from DeathCab
:
You do not (and should not) pay closing fees on a car finance / refinance (with the possible exception of government fees for a new title being issued, which should be $50 or less in most areas and many lenders don't even charge you that). YMMV.
Right this isnt a House Refinance lol and any fees should be nominal (Doc or other small fees).
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New Est. Monthly Payment 36 months, 3.99% APR
It'd be me paying $1K/8 mo=+60 in interest +$20 in re-titling (the others charged that)=meh for $70 in potential savings.
New Est. Monthly Payment 36 months, 3.99% APR
It'd be me paying $1K/8 mo=+60 in interest +$20 in re-titling (the others charged that)=meh for $70 in potential savings.
Fortunately, 4 months ago, I was able to secure a deal from dealer (without paying over sticker haha!) and refinanced it at 1.49% with Tower Federal CU.
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Right this isnt a House Refinance lol and any fees should be nominal (Doc or other small fees).
Shahhere