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Auto Rate Sale Extended Through End of September for 0% APR* Online Only Financing to PenFed Members Who Choose Enterprise Car Sales
PenFed Contact:
Amy Doane
Direct: 541-225-6606
Amy.Doane@PenFed.org
Enterprise Contact:
Ned Maniscalco
Direct: 314-512-5523
ned.maniscalco@ehi.com
Popular Promotional Campaign Extended an Extra Month to Meet Demand
August 30, 2012, Alexandria, VA and St. Louis, MO – PenFed (Pentagon Federal Credit Union) announced today that they are extending a special online-only 0% APR promotional rate on auto financing, for 48 months, when a PenFed member purchases their used car through Enterprise Car Sales and then finances it with the credit union. The promotion will run through the end of September 2012. This free service is available exclusively to all new and existing PenFed members by visiting: www.enterprise.com/perfectpartnership.com.
“PenFed is pleased to be able to extend this extraordinary offer to our members for an additional month,” said Frank Pollack, President and CEO, PenFed. “Not only will PenFed’s members get to enjoy the lowest rate available to date, the promotion is an exceptional opportunity for PenFed members to be able to shop for cars from a reputable used car dealer.”
In addition to a wide selection of top quality used cars, offered at great prices with exceptional service, Enterprise Car Sales offers no-haggle used car pricing, as well as a guaranteed seven-day or 1,000 mile repurchase policy.
Enterprise Car Sales, which has more than 130 locations across the nation, also features thousands of available used vehicles on a PenFed co-branded website. The website allows members to estimate monthly payments for specific vehicles based on specific terms and conditions and even apply for a loan while shopping online. For more information about PenFed and to apply for a great rate auto loan, visit PenFed.org or call 800-247-5626.
About PenFed (Pentagon Federal Credit Union)
Established in 1935, PenFed is one of the largest credit unions in the United States with over a million members and more than $15 billion in assets. PenFed provides an extensive selection of financial products including mortgages, automobile loans, credit cards, checking/savings accounts and other personal loans to its members worldwide. Its core membership includes the Department of Defense, Army, Marine Corps, Navy, Air Force, and Coast Guard; Department of Homeland Security personnel, employees or volunteers of the American Red Cross, numerous military associations, and many others. PenFed is federally insured by the National Credit Union Administration and is an equal housing lender.
About Enterprise Car Sales
Enterprise Car Sales, which has sold more than one million used cars, has more than 130 U.S. locations. Its tailored used-car buying programs create opportunities for credit unions to increase their used-car loan portfolio and optimize member loyalty. As a result of partnering with credit unions during the past 30 years, Enterprise Car Sales has helped generate almost $10 billion in loan volume for more than a thousand credit unions nationwide.
For more information about how Enterprise Car Sales partners with credit unions, visit http://www.enterprisecarsales.com/perfectpartnership or e-mail Brooke Gilchrist at brooke.gilchrist@enterprisecarsales.com.
*Internet only special rate. Higher rate will be assessed if you do not apply online. 0% APR applies to used vehicles for loan amounts up to $70,000 financed for 12-48 months. Up to 100% financing is available to qualified members. Promotional rate is not available to refinance existing PenFed auto loans.
Used Cars: Maximum used car loan advance is NADA “Retail Value” or 80% of the purchase price where NADA “Retail Value” is not available. Amount financed, and model year, determine loan term. Further restrictions apply on vehicles with 100,000 miles or more. Up to 100% financing is available to qualified members. Call 800-247-5626 for details. Rate and term are based upon loan amount and model year and are subject to change. Other restrictions may apply.
Enterprise Car Sales: Rate and offer valid September 1- September 30, 2012, in the 48 contiguous states (not available in Alaska and Hawaii) and are subject to change. This is a buy down rate. The amount of the buy down will not affect the price of the vehicle. Must have an executed Enterprise Car Sales buyer’s order dated between 9/1/12 and 9/30/12 and apply for the loan prior to 9/30/12 to qualify for this offer. PenFed loan must be funded prior to 10/15/12. Used vehicles previously part of Enterprise short-term rental and lease fleet or purchased by Enterprise from other sources including auto auctions, with previous use possibly short-term rental, lease or other.
Loan Payment Example: $20,000 at 0% APR; 48 monthly payments of approximately $416.67 each. Rate is current as of September 2012, unless otherwise noted, and is subject to change.