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 great new auto loan rates and flexible terms 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 pre-approval
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.
We've got the keys to your new ride
New Auto Loan Rates
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Loan Type |
Term up to |
APR* |
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Rates are effective as of October 15, 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. |
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Loan Type New Auto/Truck |
Term up to 48 - 84 months |
APR* 4.74% to 17.99% |
Auto Loan Calculators
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.
Yes. PenAir offers optional loan protection for what your auto insurance may not cover for a wrecked vehicle. GAP* may reduce or even eliminate that shortfall in the event your vehicle is deemed a total loss. As your PenAir loan representative for details.
Save money on your next new 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.
*GAP is not insurance; it is an optional debt cancellation product. GAP will not affect your application for credit or the terms of any credit agreement you have with us. Certain eligibility requirements, conditions and exclusions may apply. You will receive the contract before you are required to pay for GAP. You should carefully read the contract for a full explanation of the terms. If you choose GAP, adding the GAP Fee to the amount financed under your contract will increase the cost of GAP. You may cancel GAP at any time. If you cancel GAP within 90 days you will receive a full refund of any fee paid. GAP purchased from state-chartered credit unions in FL, GA, IA, IN, UT, VT, and WI may be with or without a refund provision. Prices of the refundable and non-refundable products are likely to differ. If you purchase a refundable product, you may cancel at any time during the loan and receive a refund of the unearned fee. GAP purchased from state-chartered credit unions in CO, MO or SC may be canceled at any time during the loan and receive a refund of the unearned fee.