Thank you for contacting Pentagon Federal Credit Union.
Yes, PenFed considers financing for classic vehicles.
PenFed will finance classic vehicles up to 125,000 original chassis miles. Loans for vehicles with greater than 100,000 original miles are restricted to a
maximum term of 24 months. PenFed will finance up to 80% of the appraised value.
To establish a value, please visit the link below:
Classic Car Values & Specs - NADAguides
If we are unable to establish a value for the vehicle, an appraisal will be
required. The appraisal must be completed by a licensed, independent party (not the dealership or seller).
You will be required to send in photos of the vehicle to corroborate the value.
You must provide images of all four exterior sides, the interior, the odometer, and the engine block. PenFed will use this information to verify that the collateral carries sufficient value to secure the loan.
When you are ready, a loan application must be submitted to consider your
request. You can apply online through PenFed Online at:
https://www.penfed.org
Please select the type of loan you would like and an informational page should appear along with a link to logon to PenFed Online to submit your application. Links are also available if you need assistance with your logon information.
If you are not yet a PenFed member, please select 'Join Now' to submit both a membership and loan application.
If your loan application is submitted by phone and an Internet promotional rate is being offered, you will not receive the promotional rate. Other conditions may apply.
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