Pentagon Federal Credit union is offering auto loans with a 3.99 annual percentage yield (APR). The rate is for new auto loans and used auto loans. If you can’t get one of those 0 percent APRs from dealers 3.99 percent isn’t a bad alternative. This rate is for interent only loans, you have to apply online at PenFed.org.

The APR is for auto loans with terms of 12 months to 60 months. PenFed is also offering auto loans with terms up to 72 months. The rate is 4.75 percent for new car loans with terms of 72 months. Used car loans with 72 month terms have an even higher rate of 8.99% APR. There are additional  restrictions for vehicles with 100,000 miles or more,

Up to 100 percent financing is available on car loans for PenFed members that qualify. PenFed is a credit union so you will have to join PenFed to qualify for these great rates. There is certain criteria you have to meet to be eligible to join. Visit their website, Pedfed.org, to find out more.

How much car can you afford? PenFed also has an auto loan calculator to help you figure out how much car you can afford. You can estimate your monthly payment for a new car loan or used car loan.

New auto loan rates

Used auto loan rates