TYSONS, VA (May 1, 2025) |
PenFed Credit Union, one of the nation’s largest federal credit unions, is offering a $200 bonus for financing a PenFed auto loan and $150 for using a PenFed checking account to make two months of automatic payments for the full amount due. The offer period ends May 12, 2025.
To qualify for the full bonus, members must finance an auto purchase or refinance a current auto loan from an institution outside PenFed with a PenFed auto loan and use a PenFed checking account to make two monthly recurring payments on an auto loan funded at greater than $10,000. The $200 bonus will be deposited to the primary applicant’s share savings account by October 15, 2025, and the $150 checking bonus will be deposited to the member’s PenFed checking or savings account by October 15, 2025.
PenFed’s new initiative is focused on making vehicle ownership more affordable.
“At PenFed, anyone can join, and our members now can drive away with an extra $350. This limited-time offer is designed to help members achieve their goals by providing more affordable auto loan financing,” said PenFed Chief Marketing Officer Gaurav Bhatia.
PenFed’s auto loans are up to $150,000 and members can view their pre-qualified loan offers with a soft pull, so their credit scores aren’t affected. Rates for new car loans start as low as 3.79% APR for members using the PenFed Car Buying Service powered by TrueCar. Members can pick a loan term and payment that fits within their budget.
To learn more, please visit https://www.penfed.org/auto350