Used Auto Loans
Pack it up, pack it in, let's go for a spin
Get behind the wheel of a new-to-you vehicle with PenAir on your side
At PenAir, we know that your car loan is more than just the money to buy your next car. It’s getting the keys to freedom and the power to go where your life takes you. We’ll help keep the financing on a used vehicle just as affordable so you have more room in your adventure budget.
Enjoy the ease of a Used Auto Loan with PenAir Credit Union
Fast, free pre-approval
Stroll into the dealership with the confidence of a cash buyer when you have pre-approved used auto loan from PenAir.
Low interest used auto loan 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.
Our Latest Used Auto Loan Rates
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Loan Type |
Term up to |
APR* |
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Rates are effective as of October 2, 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 Used Auto/Truck |
Term up to 54 - 84 months |
APR* 5.99% - 17.99% |
You're in the driver's seat
Car Loan Calculators
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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?).
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
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Disclosures
APR= Annual Percentage Rate. 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. Used 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.