Experience the joy of a brand new ride
PenAir offers great new auto loan rates and flexible terms for when you want a new ride that will suite your individual lifestyle.
Free, fast preapproval
Stroll into the dealership with the confidence of a cash buyer when you have new auto loan pre-approval from PenAir.
Low interest rates
Since we’re not-for-profit, PenAir puts money back in your pocket by keeping new auto loan 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.
Term up to
Rates are effective as of January 30, 2024.
*APR=Annual Percentage Rate. Rates vary based on the evaluation of an applicant’s credit and the loan term. 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.
Term up to
48 - 84 months
4.99% to 17.99%
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.
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Prepare to Purchase Your Next Vehicle
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.