Thanks for turning me on to this. I just thought it may make sense in regard to the Odyssey and Sienna which lease terrible and tend to hold decent RVs. Since the title is in YOUR name you have more options prior to loan maturity and at loan maturity. I am a bot, and this action was performed automatically. You can look through AFgs website in the press release section. I used their calculator here for ballpark numbers: I am a member of PenFed and went under their Car Buying service. They didn't even have the 2016 M3 in their system when I applied. They are difficult to get approved for compared to others as. To start viewing messages, select the forum that you want to visit from the selection below. To Sign In or Enroll:Log-in to PenFed Onlinein the login box at the top-right of this page and click the Pay Bills tab from the Main Menu of PenFed Online. I pulled one up for a Maserati Ghibli and it showed an MSRP of $48K and the car was a $91K sticker. I'm new to Audi, but understand RS models maintain their equity, making the. AmeriCU Credit Union (https://americu.org/) European Delivery. I just looked at our HELOC and its currently 3.13%. So I sent a reconsideration letter telling them that and sent bank statements showing six figures in bank account and tax return showing our families income. 4.0. I drive alot, PA charges 9% lease tax on leases, and of course BMW acquisition/leasing fees are not something you deal with when buying. *For security purposes you must use a 128-bit encryption browser to use Access Bill Pay. In one case, I was quoted $1500 for origination. This is from a different credit union, but it looks like all of the ones that offer payment saver loans use Auto Financial Group to calculate their payments. Generally, I do think a balloon loan makes sense for short term purchases. Call 1-800-247-5626 for details. Came back with a rate over 5%, Regional options (not-open-membership) to consider: I have a lady coming by today who I got approved and she literally has a 412 score. For instance in 2014 I took out one for a loaded 781 Porsche Boxster S, fully loaded car. I think this is the path I'm going to go. My wife also works and makes over $200k a year.We currently lease and finance Volvos. Answering everything by email with responses taking less than 15-20 minutes. Sorry, I do not. I had no problems getting 3 approvals at other banks at top rates inculding through BMW. I can't remember where I read it but I believe Payment Saver is no longer offered as of late last year. New Auto Loans. Hopefully this is not the end of the line, because they are a great option where you can find a favorable RV. You can borrow between $10,000 and $100,000 with terms of 24 to 60 months. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. I recently applied for an New Auto Payment Saver loan for $65k through PenFed Credit Union and was declined, the reason was Excessive Obligations in Relation to Income (Overextended). Now the Raptor, well I don't know what to tell you accept the fact that I have had about 8 auto loans with PenFed and they love me there. I just had a giant lunch so I may be even less lucid than normal, so please bear with me. Balloons are purchases so youll pay sales tax on the full price of the vehicle and you wont always get the same incentives available on a lease. Put Your Money in Your Pocket with Mobile Banking, 8 Tips for Taking Reliable Mobile Deposit Check Photos. 72 month finance would have been about $1018 a month, the payment saver was $639. The select looked attractive to me but they (BMW) managed to talk me out of it. But regardless its clear that people generally arent doing these to save money. We can help you find an auto loan that meets your needs with our CarBuilder Program. Original review: June 28, 2022. I recently applied for an New Auto Payment Saver loan for $65k through PenFed Credit Union and was declined, the reason was Excessive Obligations in Relation to Income (Overextended). Popular programs such as PenFeds PSA Loan basically resembles a auto lease, but without th. I looked at it. Adnimation ATF. Their MSRP for cars when doing payment saver are ridiculously off and by off I mean lower. In my case i started with a 15 dollar savings account with penfed and let it sit for 7 months. AFG Calculator. Collapse. Maybe you can reverse engineer a good guess on the RV by figuring out total cost of payments compared to MSRP. They offer a payment saver loan option (via AFG) at a 3.84% rate. Other restrictions may apply. Just not a pen fed customer to know what their RVs are on those two specific vehicles. Create an account to follow your favorite communities and start taking part in conversations. If so, please share your experience with them. This allows me to recoup the equity locked in the vehicle, which would otherwise be lost w/ a Tesla lease. Stay tuned! Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Including the ability to turn your vehicle in and walk away at the end of the loan term. How do you plan on paying the $800/month payment? Payment and Shipping info for 1st Edition Camaro5 shirts, Americans increasingly going upside down on auto loans. 1323 3 Only show this user. All rights reserved. When more credit unions were leasing, they were also buying residual insurance from AFG. Rates are current as of March 2023unless otherwise noted and are subject to change. 01-22-2022 02:06 AM. The banks want nothing to do with that, and will happily turn you away. Where the manufacturer is providing more rebates for purchase, versus lease. Not that I'm going to finance that long. Penfed Payment Saver for ED. Idk what the full scope of the deal is, but if you make $10,000/month and owe $9,500/month in revolving debt and credit card balances, that leaves you with only $500/month of available buying power. Skip to content. MECF_728x90_top. Penfed payment saver loan? If I total the car my . Copyright AmeriCU Credit Union. Take two $50,000 cars, one with a 50% RV and one with a 40% RV. E81 / E82 / E87 / E88Model Year: 2004 - 2011. basically you are taking the chance that at the end of the term of the loan your car is still in perfect condition. I ended up taking the truck even though it was more expensive because I'd rather take the risk on a truck instead of what will be an 7-8 year old cadillac at the end of the loan. Used car loan value based on NADA Retail Value. Should I wait since I just had Pen Fed pull my credit or does it not matter? This happens most often with no option vehicle (ie Hellcat). When I add sales tax to my amount and put nothing down, I'm only a few bucks lower than a BMWFS lease with MSD and ED without the risk of being upside down and getting my MSDs back. I understand the difference the RV would make on the monthly payments, but its not like you can give the car back at the end of the term like on a lease (at least on the balloon loan PenFed most recently offered). E81 / E82 / E87 / E88Model Year: 2004 - 2011. Your actual credit score is only a small fraction of the equation. In both cases it seems to me it would make more sense to simply take out a longer term loan in the first place to get your payments down. Frankenmuth CU (MI). Membership to the CU is possible via a $35 donation to Nashua River Watershed Association. G42Model Year: 2021 + F44Model Year: 2020 + Previous Generations; F22 / F23 . NerdWallet rating. Does anyone know of anywhere other than PenFed that has auto loans with a balloon payment? Has anyone ever used this program before? Thanks, I was really intrigued buy the loan option Pen Fed was offering to lower payments. 2% cash back for PenFed Honors Advantage Members. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. Products & Rates Choose Your Product Auto Payment Saver Auto Loan Estimate my payment, That could be why I cant find it, but Im not going to join until I decide if I want to use the loan, but dont know if I want to use the loan until I know the RV. Anyone else skeptical about these loans? PenFed dropping the balloons is very interesting. All FICO Score products made available on myFICO.com include a FICO Score 8, and may include additional FICO Score versions. My wife also works and makes over $200k a year. Insurance Investments Locations & ATMs Digital Banking EN ESPAOL (800) 421-6674. They used to have a payment calculator on the site where you could either enter a VIN or select make and model and it would show estimated payments, but it looks like they took it down. Back in 2019, PenFed briefly offered balloon loans with guaranteed residuals (you could walk away at the end of the initial term), but they quickly discontinued those also. If there is a CU of ours that you can lease through, that is the cheapest way to lease a sienna or odyssey. Camaro Price | Ordering | Tracking | Dealers Discussions, General Automotive + Other Cars Discussion, Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums - Camaro5.com, Find More Posts by joes3rdcamaro82/91/2010, https://www.penfed.org/productsAndRape=NEW&value=Y. Were they easy app, approval or did you have to send in a bunch of docs. 1. Thanks for the candid feedback. You'll also face a balloon payment at the end of your loan. TERM APY* 6 Month 2.70%** 12 . Reply. Congrats man!!! Annual mileage options of 7,500, 10,000, 12,000, 15,000 & 18,000 available. What this means for you: When you open an account, we will ask for your name, address . APY = Annual Percentage Yield $465. Rates and offers current as of and are subject to change.. 1 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. A lot of credit unions buy residuals from AFG. AFG runs a balloon loan program through a bunch of small CUs and a couple big ones (Pen Fed nationwide and SEFCU in NY). Penfed has a calculator which allows you to lookup MSRP and RV for a given vehicle. Powered by Discourse, best viewed with JavaScript enabled, PenFed Has Stopped Accepting Payment Saver Auto Loan Applications, PenFed to Offer Walk-Away Balloon Car Loans | Credit Union Times. One quick question for those familiar with this loan: I pay sales tax on the entire vehicle of the car, right? Learn about the other ways you can use online and mobile banking. I applied with neither and was approved. penfed payment saver forum. Bimmerpost Model Selection. *A typical new auto loan of $30,000 at 3.74% APR would have 71 monthly payments of $404 each month, and would include a balloon payment due at loan maturity of $5,475. Might have to call them and ask. F40 Model Year: 2019 + Previous Generations; F20 / F21 Model Year: 2012 - 2018; E82 / E83 / E87 / E88 Model Year: 2004 - 2011; 2. What happens if you can't refinance in time at the end of the loan? CU doesnt want your business. The advantage here is there are no terms to ownership (you own the car), no acquisition fee, no lease tax (as there is in PA that is in excess of sales tax), no other lease-associated fees. Certificate Term. Re: Has PenFed done away with Payment Saver (balloon finance) loans? Any chances this program comes back? Have they stopped all new vehicle finance options? Why? I have found cars with a 72 month term lower. I was told to just call back when I have the VIN. dunn2500. Penfed payment saver loan calculator One tool that can be used is Penfed payment saver loan calculator. Welcome to Park City Credit Union's Payment Saver calculator site. Typically I lease my BMWs, whereas we traditionally finance my wife's. TTRS isn't yet listed on PenFed, but I imagine it will be more attractive than Audi leasing??? It's a lease-like program, but you OWN the vehicle, and there are plenty of end-of-term options:. The vehicle mileage may not exceed 15,000 miles per year based on the model year. You'll discover the ease and convenience of paying your bills online in almost no time. AmeriCUs PaySaver Auto Loan program offers just that! Where there is no state sales tax, for example NJ when purchasing a zero emissions vehicle. I calculated the residual value it gave me in it's car-specific calculator (i'm logged in as a member). All Rights Reserved. See this is what concerns meyou had equity b/c of how much you put down (really as with any financing). Do you wish you could make paying your bills less of a hassle? All vehicles that hold their value extremely well. Access Bill Pay: PenFed's Online Bill Payment System. G42Model Year: 2021 + F44Model Year: 2020 + Previous Generations . Hopefully this is not the end of the line, because they are a great option where you can find a favorable RV. Latest BALLON LOAN options (best to worst): CapEd Credit Union (https://capedcu.com/) AFG Calculator. If you click the details tab on the DCU site it shows 3.74% for 84 months. 2. I wonder were these taxed at the full purchase price or taxed like a lease? Please note that verified professionals will have flair, take advice from non-flaired users with discretion. My wife wants a Sienna or Odyssey and want to see what options I have. Including the ability to turn your vehicle in and walk away at the end of the loan term. That really is an awesome deal! ; Trade it at maturity or anytime during loan term. They usually announce all the small CUs they sign each quarter. PenFed's new car loans as of Dec. 31, 2018 were $1.9 billion, up 7.7%, while the total among all credit unions was $21.2 billion, up 5.9%. Please review our most Frequently Asked Questions to see if your question has already been answered. 2016 F80 | MG/SO | DCT | Adaptive M Suspension | 19" Black 437M Wheels | CF Roof | CF Trim, AAFCU = 0.99% apr (1.49 base minus .25 direct deposit and .25 for loyalty, if applicable). Uses transunion credit for score. E81 / E82 / E87 / E88Model Year: 2004 - 2011. This isnt a product thats useful to me. Will it impact my credit or look bad to banks if I immediately submit another application with PenFed - this time as a joint application? I wonder if its worth trying to contact Pen Fed again or just cut my losses and work with the dealer. i saw maybe less than month ago, but yeah seems to be gone now. The pen fed saver payment calculator estimates a rubicon unlimited with 53k msrp to be worth 34k in change after 3 years. PRIVACY NOTICE: When you visit this website we collect your browsing activities on our site and use that information to analyze and research improvements to the website, and to our products and services. Did you go to a different page? BMW 1 Series Coupe Forum / 1 Series Convertible Forum (1M / tii / 135i / 128i / Coupe / Cabrio / Hatchback) (BMW E82 E88 128i 130i 135i), Ordering, Pricing, Options, Tracking Discussions. 2.70%. When you register for our products and services, we also collect certain personal information from you for identification purposes, such as your name, address, email address, telephone number, social security number, IP address, and date of birth. 1. junio 16, 2022 . . Credit Unions often offer what's called a Payment Saver Auto Loan. The bottom line: Pentagon Federal Credit Union, or PenFed, offers good interest rates for checking and even more competitive rates for online savings and money market . See the difference? Learn more. Uses transunion credit for initial score. Where the manufacturer has restrictive lease terms, for example Tesla or Mercedes, that limit your ability to sell/trade/transfer the lease and where you often will have equity. Here's an overview of PenFed Credit Union's Money Market Certificate rates. Payment saver loans. MountainCrest FCU (WA), My PenFed Visa has a $50K limit, which is their max. penfed payment saver forumwhen will lego diagon alley be back in stock. You have to be an employee of a specific business, student/family in a specific school district, or active/retired military. There are some exceptions where the Penfed payment saver has worked out better for me then a lease or traditional finance. My only thought is we have two rental properties/mortgages so might look like I have large debt but they actually provide income. { BK7 DC 12/2019 } target 1300/ kohls 3000/ discover IT cb 6500 / 2nd discover IT cb 6000/mercury 4100 / firestone 2800 /legacy . FWIW the AFG calculator is a good resource to play around with numbers: AFG Calculator. Back in 2019, PenFed briefly offered balloon loans with guaranteed residuals (you could walk away at the end of the initial term), but they quickly discontinued those also. Minimum Deposit. New comments cannot be posted and votes cannot be cast, A place to ask questions from car sales professionals - sales people, finance and sales managers. Did you get this quote via their PenFed website? 2. FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Forums. Frequent Contributor. Used auto loans: You can get up to 110 percent financing with terms . Go into a dealership and let them properly structure a deal to get an approval for you. Do you wish you could make paying your bills less of a hassle? But interest rates start higher than the interest rates for its traditional car loans. I think Brad is right. Financing Available for up to 110% of vehicle value. I looked but it was cheaper to go with BMW select. Yep, that is what I am going with as well. When I applied last month, it was for conventional: new, used, and less than 1 year old refi. I've been researching some alternative financing and this Penfed loan seems to blow everything else out of the water (including Select finance). Many factors affect your FICO Scores and the interest rates you may receive. Just log-in to PenFed Online (above right, anywhere you are on PenFed.org) and click the Pay Bills tab from the Main Menu of PenFed Online. The last thing they want to do is repo your car. I am going to guess that this is a terrible idea for someone that drives up to 20K miles / yr. F80 M3 / M4 Pricing, Ordering, European Delivery, https://www.penfed.org/payment-saverver-calculator. Id guess they will turn on a lease program sometime in the next year or two. Remember your panic when you were far from home and remembered that a bill was due? 6 Months. He is more focused on the monthly payment than the total cost of ownership. That being said, I did put like 10k down. Uses transunion credit for score. I traded my M3 in back in September after about 30 months and I actually had a few grand in equity. Just like buying new? Do not do it! Its also well established they dont verify the options you claim are actually equipped (driving up MSRP). PenFed Credit Union offers low rates, particularly if you're interested in its car-buying service. So i don't think there a specific method, but if you had to guesstimate it will be around the RV = to the 36/15k vehicle & changes based on the term you pick. No security deposit or acquisition fees. . At minimum, expect a $725 origination fee for vehicles over $75K. Thanks for the info. Penfed offered me a balloon for $475 a month and a balloon payment of $15K where as my truck was purchase for $55K and have a balloon of $26K for $550 a month. Paysaver rates not posted, but you can apply for paysaver loan via the website. I have a lady coming by today who I got approved and she literally has a 412 score. PenFed's payment saver loans have the appeal of low initial payments. Affiliate Business Arrangement Disclosure. It doesn't hurt to try but it probably won't make a difference. Has PenFed done away with Payment Saver (balloon finance) loans? I did do this loan on my e90 M3 back in 08. Re: Penfed Pre-Approvals Credit Card. By clicking I ACCEPT, you consent to our use of cookies in accordance with our Privacy, GDPR and Cookie Policies. I just thought there would be interest in PenFed discontinuing their offering, given the flurry of recent discussion in other threads. No match for the 2.99% 36mo rate that PenFed offered. For visitors with visual disabilities, access to this website, including our FICO Data Privacy Policy, is available through assistive technologies, such as BrowseAloud, JAWS, VoiceOver, Narrator, ChromeVox, and Window-Eyes. Also remember to add flair to your post by clicking the "Flair" link beneath it. I wasnt questioning the logic of a balloon loan vs. lease; I understand why someone would do one vs. the other in various scenarios. Who's Alesha and how do you know she pays everything on time? Had no issues with penfed. PenFed Payment Saver Auto Loan. If you have a chance to be earning 3-5% on what your normal down payment is and go with this you obviously make some money.. if of course the car is still good at the end of the payment. You need to claim your rental income on the application. It also has been off for many other makes too and that makes the payment way higher than it should. For one reason or another penfed was difficult to get approval for, and I'm not sure I understand why. PenFed Payment Saver Deal. Loan amounts range from $10,000 to $100,000 and APRs start at 2.99% and 3.74% for new and used cars, respectively. SoFi offers personal loans ranging from $5,000 to $100,000, which is much higher than PenFed's $50,000 limit. PenFed's used car loans as of Dec. 31, 2018 were $1.5 . I love pen fed dont get me wrong and have used the payment saver 7+ times, but it was so much better years ago. PenFed's new Payment Saver Plus Program removes the risk of credit damage for members. I have my score from Credit Karma but the dealership told me they got a different score. However the payment difference is hundreds per month between a lease and a balloon payment. i hadnt really looked into this being as its my first loan but the biggest problem i see with it is, what if your car gets totaled. Mileage options apply only if you return the vehicle at program end. Like a lease, the PaySaver Auto Loan program offers payments that are considerably lower than conventional financing. MERGED: Has anyone read this (bankruptcy) about GM? The lease numbers are just NOT favorable for me. Keep in mind when you calculate the payments on BMWs site, it doesn't include taxes. Login Register. Quite honestly joining for the $5 minimum deposit is a no brainer just for the TDM discounts they offer. The term doesnt matter that much because you can sell, trade, or pay it off whenever you want. Solve Now. F40Model Year: 2019 + Previous Generations; F20 / F21Model Year: 2012 - 2018. APR = Annual Percentage Rate. Other features of the Payment Saver Auto Loan include: New and used vehicles up to five years old qualify. If they truly killed it an didnt just pause it, there is almost no chance it comes back. Nothing good can come of it. There website says its an estimation based on their data & the mileage cannot exceed 15k a year. Should I add $500 so that I dont get charged a service fee or I can close the chrcking and just keep my share account? New vehicles are vehicles without previous owners and are of a current (2021) or prior (2020) model year with less than or equal to 7,500 miles. Press question mark to learn the rest of the keyboard shortcuts. They changed stuff over the years. I have a PenFed Payment saver loan on my Tesla Model 3 and on a previously owned Challenger. Never any issues with payments.My application only had me on it though, I thought my credit history and annual income would be more than sufficient to qualify. Those would be your best bet to see if there is one you can work with. Again denied!! CULA used to also offer balloons but we stopped about 5 years ago because the demand for that product was miniscule in most markets. Bring back /u/chooter, Press J to jump to the feed. It seems many local credit unions offer them but all require specific membership criteria (impossible given I am not in their area). I have a credit score of 821 and $130k annual income. I earn $xxxx per month, will I qualify for an auto loan or lease, and is it a good idea? There have always been specific reasons why I opted for a balloon loan. Im sure the dealer can get it done. Thanks for the input thus far guys, very helpful. Only problem I had was getting approved. Its not. Membership to the CU is possible via a $20 donation to CapEd Foundation. balloon loans are dangerous and I think the interest rate on them usually fluctuates with prime. Anyone on here have any experience with these loans?? Sample deal: I could get into a Flying Spur for nothing down and $0 per month until the end of the 10-year draw period. Just go to a dealer. Refinance remaining balance and keep the vehicle. Debt to income is also a huge factor, as you said. As my grandfather would say, this place can't find its Auto Saver Loans. ; Sell it at maturity or anytime during loan term. Note that fees charged between providers can vary. Lesser known benefits of the program, it includes GAP and deductible insurance. Read: 35 Ways To Slash Your Car Costs. But like all credit unions, membership is To find out more about the PaySaver Auto Loan program, call or stop by AmeriCU today or go to the PaySaver Calculator to see for yourself how low your auto loan monthly payment can be! Couldn't find the ED price etc. The share savings account gets you all the benefits, Powered by Discourse, best viewed with JavaScript enabled. Try Access Bill Pay today! Plugged in same options etc and only getting a $740 discount. CALCULATE YOUR PAYMENT SAVER LOAN PAYMENT. Also offers a 2.14% rate for 96 months, so one application gives you both options. Because their RVs are so low, youll have some equity at the end to trade with but your payments will be a lot higher than your other options with a lease. New auto loans: PenFed offers up to 110 percent financing and terms from 36 to 84 months ranging from 1.49 to 3.49 percent APR. Payment came back very high, not sure what rates/fees they used. I had forgotten about these loans, so I might go this route myself right now. If you look at their terms there is no pre-payment penalty, and you can pay off early anytime. However, they do not take any action and the dispute . Had you not put down $10k, you would have been upside down. Any options I have found, the rate has been at 4% and greater. I don't see anyone doing the right thing with these loans. BMW Buyers Guide - Dealers, Resources & Pricing. Our students say Absolutely amazing app, but is there a way to copy a result? I don't believe they allow you to walk away from the car at the end though. As far as the process goes though, I pretty much just need to get my exact total from the dealer (car, taxes, fees, etc) apply for the loan, then walk in and hand them the check? I have done 2 PenFed Payment saver loans (my 2014 C7 and my 2021 C8) The video after the finance guy is NOT about PenFed Payment Saver loans Last edited by jimmyb; 04-07-2021 . New and used motorcycle loans. There's so much else going on behind the scenes. 1. I also got a decline the other day on a 700. This credit union is federally insured by the National Credit Union Administration. more or less this is the opposite of gap insurance. I actually had a few grand in equity. Does anyone know how the RV is calculated in the PenFed Payment Saver program? In normal times? I created both and getting $10 charged every month from my checking account since I only have minimum. However, PenFed's "Payment Saver Plus Program" removes the risk of credit damage, making a walk-away just another option to satisfy the balloon payment obligation. $100 bonus offer statement credit on $1,500 spent within the first 90 days. You might also have luck in the r/whatcarshouldibuy subreddit. Applications and Car Buying Service dealership match must be received during the promotional period, between 2/1/2023 and 4/30/2023. Out of curiosity, for those who have balloon loans, whats your APR? This lets us know where you're located so we can assist you better. Like, a super tiny fraction. I'm seeing 3.74% for 84 months at DCU. This is completely wrong. I searched for this but still cannot find a straight answer. FORUMS. $1,000. CarBuilder gives you the ability to build your vehicle of choice online, then compare the cost of the Payment Saver low payment to the conventional loan payment. This was the case for many of the Dodge products, when they were still doing Power Dollars (no more). Anything branded payment saver is the afg balloon. Loan rates and terms are determined by each individuals credit history, underwriting factors, and loan-to-value and are subject to change without notice. Access Bill Pay makes bill paying easy and secure. Lowest available BALLON LOAN rate found was 2.49% but I did not qualify. I've also been thinking about going this route. I did this same type of thing with my E92 M3 and it was perfect. Do you think it is worth trying to contact Pen Fed even though they declined my reconsideration or should I just accept it and move on with dealership? Does anyone know who else offers payment saver loans? Do we have to have a checking account open too or just share account is good enough? To estimate your vehicle payments, use our Payment Saver Auto Loan Calculator. G42Model Year: 2021 + F44Model Year: 2020 + Previous Generations; F22 . Basically its a loan with a reduced monthly payment, but has a balance that must be paid or refinanced at the end of the loan. So i dont think there a specific method, but if you had to guesstimate it will be around the RV = to the 36/15k vehicle & changes based on the term you pick. Applications are subject to credit approval. Pentagon Federal Credit Union, or PenFed, serves over 903,609 members.