Pentagon Federal Credit Union Offers New & Used Auto Loans at 4.25% APR

ALEXANDRIA, VA -- (MARKET WIRE) -- 04/02/08 -- Pentagon Federal Credit Union members now have the opportunity to finance a new or used vehicle purchase or refinance an existing loan at an unbelievable rate -- just 4.25% APR!

On April 1, 2008, Informa Research Services reported a national average used auto loan rate of 7.07% APR for a 48-month loan. Pentagon Federal Credit Union's rate of 4.25% APR for the same term would save over $1,200 for the life of the loan on a $20,000 loan.

"We're thrilled to offer our members such as fantastic rate on their new loan or refinance," said Vielka Asia, Vice President of Credit for Pentagon Federal Credit Union. "Our focus is providing the best value to our members."

The 4.25% rate is available to Pentagon Federal Credit Union members who apply online via www.penfed.org for a new auto loan with terms up to 72 months or a used auto loan with terms up to 60 months.

Loan Example: $20,000 at 4.25% APR; 60 monthly payments of approximately $370 each. Rate current as of April 1, 2008 unless otherwise noted and is subject to change.

Pentagon Federal Credit Union, established in 1935, has more than 764,000 members and assets in excess of $10.4 billion, and provides worldwide service to Army, Air Force, Coast Guard, Department of Defense, and Department of Homeland Security personnel; members of the VFW; and others in the defense community and their families. For more information about Pentagon Federal Credit Union, or to learn more about membership, visit www.penfed.org.

For more information about this topic or to schedule an interview with Vielka Asia, please call Teresa Kovarik at (541) 345-6311 x7305 or e-mail teresa.kovarik@penfed.org.

Contact: Teresa Kovarik Tel. 541.345.6311 x7305 Email: teresa.kovarik@penfed.org

2008-04-02 16:38:55 0326859 MARKETWIRE