The Offer
PenFed is running the following offer for their members:
- For a limited time, receive a $350 cash bonus when you buy a car with the PenFed Car Buying Service with a PenFed loan.
The Fine Print
- The PenFed Car Buying Service rebate of $350 will apply to new and used purchase loan applications with a qualifying vehicle purchase sourced through the PenFed Car Buying Service.
- Applications and Car Buying Service dealership match must be received during the promotional period, between 2/1/2023 and 4/30/2023.
- Dealer originated loans and refinance loans are not eligible for this promotion.
- Loan must be currently active and have at least 2 payments posted in order to qualify for the rebate.
- The $350 rebate will be deposited to the member share savings account within 60 days of receiving the second payment.
- PenFed may discontinue or change the promotion at any time. Other restrictions may apply.
Our Verdict
I’m not an expert on car loans, but I’ve heard PenFed offers good rates. I’m not sure exactly what the PenFed Car Buying service entails. Let us know if you find this deal worthwhile.
Hat tip to Gadget
