Attention All Holiday Auto Shoppers: Introducing The “PenFed Car Buying Service $2,500 VISA® Gift Card Sweepstakes”


PenFed Announces Promotion of Associate General Counsel

ALEXANDRIA, Va., Nov. 29, 2013—Wrap up your Black Friday and holiday auto shopping experience nicely with a bow when you choose Pentagon Federal Credit Union (PenFed) for both your auto shopping and financing needs.

Not only will holiday auto shoppers save money with PenFed’s lowest auto loan rates of the season, but now through Tuesday, December 31, 2013 when shoppers use the PenFed Car Buying Service to purchase a new or used vehicle, individuals will automatically be entered into the “PenFed Car Buying Service $2,500 VISA® Gift Card Sweepstakes.”

“This sweepstakes opportunity is available to all auto shoppers, and I am excited that PenFed is able to sponsor such a unique promotion during the key holiday shopping season when folks are actively looking to secure the best deal they can find,” said James Schenck, executive vice president of PenFed. “Not only did we want to create awareness with auto shoppers about the many valuable benefits of using the PenFed Car Buying Service, but we wanted to encourage folks to take a closer look at the auto financing opportunities PenFed extends to its membership. With our low, no-nonsense auto rates, the savings really do add up quickly; and that incentive alone, should bring a little holiday cheer to every auto shopper’s pocketbook.”

Why Use the PenFed Car Buying Service? In addition to the bonus incentive the sweepstakes provides for individuals who choose to use the PenFed Car Buying Service, auto shoppers will also want to stop and consider financing their vehicle purchases with PenFed. Now for a limited time only, when shoppers use the PenFed Car Buying Service and finance their purchase with PenFed, they can secure 0.99% APR online only financing for up to 48 months on new and used vehicles.

The PenFed Car Buying Service experience is tailored for shoppers looking for a new or used car in a convenient, “hassle-free” environment. The service allows buyers to research new and used vehicles, get safety information, see photos and videos of vehicles, read reviews, and receive negotiated price quotes on vehicles from dealers in their area. Additionally, PenFed members have seen an average savings of $2,973 off MSRP1 on new cars with the PenFed Car Buying Service.

PenFed Car Buying Service $2,500 VISA® Gift Card Sweepstakes Rules: The PenFed Car Buying Service $2,500 VISA® Gift Card Sweepstakes is sponsored by PenFed. Individuals will automatically be entered into the sweepstakes upon purchasing a vehicle using the PenFed Car Buying Service between Friday, November 29, 2013 and Tuesday, December 31, 2013.

To qualify for the drawing, shoppers who use the PenFed Car Buying Service need to take delivery of their vehicle by December 31, 2013. A random drawing will be held on or about Wednesday, January 15, 2014, and one $2,500.00 VISA® Gift Card will be awarded for the sweepstakes period. For complete sweepstakes details, visit

About PenFed
Established in 1935, PenFed is one of the largest credit unions in the country serving over 1.2 million members worldwide; with more than $16 billion in assets. Its longstanding mission has been to provide superior financial services, responsive to members’ needs in a cost effective manner. PenFed offers market-leading mortgages, automobile loans, credit cards, checking, and a wide range of other financial services with its members’ interests always in mind. Serving a diverse population, there are hundreds of ways to become a PenFed member; including numerous association members and employee groups. PenFed is federally insured by the National Credit Union Administration, does business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act, and is an equal housing lender. To learn more about PenFed and find out how to become a member, call 800.247.5626 or visit

Disclosures: Rates and offers current as of November 27, 2013 and are subject to change. Other restrictions may apply. Rates not available for refinance of an existing PenFed loan. PenFed Car Buying Service Loan: 0.99% APR applies to new and used vehicle loan amounts up to $100,000 financed for 12-48 months when you use PenFed’s car buying service. Other restrictions may apply. New vehicles are where you are the original owner and the vehicle is a current or previous model year. Up to 100% financing is available. Weight restrictions apply. Internet only special rate: Higher rate will be assessed if you do not apply online. PenFed Car Buying Service Loan Payment Example: $20,000 at 0.99% APR; 48 monthly payments of approximately $425.14. Call 800-247-5626 for details. 1$2,973 average savings represents the average amount of savings off of MSRP presented to users by Certified Dealers based on user-configured new vehicles for which a user requested a certificate between 04/01/13 and 04/30/13. Your actual savings may vary based on multiple factors including the vehicle you select, region, dealer, and applicable manufacturer incentives. The Manufacturer’s Suggested Retail Price (“MSRP”) is determined by the manufacturer, and may not reflect the price at which vehicles are generally sold in the dealer’s trade area as not all vehicles are sold at MSRP. Each dealer sets its own pricing. Your actual purchase price is negotiated between you and the dealer.
Posted in: 2013, News Releases
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