New Auto Loans
Pack it up, pack it in, let's go for a spin
Experience the joy of a brand new ride
PenAir offers affordable loans for when you want a new ride that will suite your individual lifestyle.
Get in a New Auto Loan with PenAir Credit Union
Whether you’re looking to buy a new or recent model vehicle, PenAir can help you get on the road fast with a pre-approval and competitive rates on new auto loans.
Free, fast preapproval
Stroll into the dealership with the confidence of a cash buyer when you have pre-approval from PenAir.
Low interest rates
Since we’re not-for-profit, PenAir puts money back in your pocket by keeping interest rates low.
No payment for up to 90 days
We’ll give you plenty of time to work your new car payment into your monthly budget.
We've got the keys to your new ride
Check our rates
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Loan Type |
Term up to |
APR* as low as |
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Rates are effective as of August 14, 2023. *APR = Annual Percentage Rate. Rates are based on the evaluation of an applicant’s credit and may vary. All loans are subject to approval. Additional terms, conditions and restrictions may apply. Rates are subject to change without notice. Call toll-free 877.4PENAIR for more information. |
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Loan Type New Auto/Truck |
Term up to 84 months |
APR* as low as 4.99% |
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Loan Type Used Auto/Truck |
Term up to 84 months |
APR* as low as 5.49% |
Crunching the numbers
Need a little more information?
Maybe you’ll find what you’re looking for here.
At PenAir Credit Union, there are three ways to apply for an auto loan: an online application, by phone when you call 850.505.3200, or in person at your local branch.
Many experts recommend putting at least 20% down on a new car (just like a mortgage) and 10% on a used car. But if you can pay more upfront, that could lower your monthly payments down the road (see what we did there?).
Depending on multiple factors, such as credit score, some consumers may qualify for financing of 84 months of a seven-year term or more.
Save money on your next vehicle purchase
Read our tips, tricks, and generally good advice for getting the most out of your car or truck.
Insurance Hacks: It Pays To Shop Around
Prepare to Purchase Your Next Vehicle
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Disclosures
The APR may vary depending on each individual’s credit history and underwriting factors. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice. All loans are subject to approval. New Auto/Truck: Estimated monthly payment of $18 per $1,000 borrowed for a term of 60 months. Other conditions and restrictions may apply. Call toll-free 877.4PENAIR for more information.