The trading process

Once the buyer and seller come to an agreement about the terms, the lease-trading site -- if one is involved -- handles the paperwork, which includes getting the buyer approved by the leasing company and transferring the lease from the seller to the buyer. The parties need to work out details such as transferring the car from seller to buyer...

How it works

If you're interested in trading leases, you can work through an established lease-trading company such as LeaseTrader.com or Swapalease.com, or go it on your own through sites such as Craigslist or eBay. When working through a lease-trading company, both buyers and sellers pay a fee during certain points in the transaction

Escaping a car lease gets easier

For years, leasing a car put you at risk of a major downside -- being stuck with a vehicle you no longer wanted with no way out. Car dealers charged a hefty penalty if you tried to break the lease.

Buyers need good credit

Buyers need to be prequalified, so they will pay a fee for a credit check. Would-be buyers without good credit are usually out of luck.

AUTO LOANS - USED

Maximum loan amount will be calculated based on 75% of the vehicle's cash price or 75% of the wholesale price listed in the Used Car Guide of Kelley Blue Book, adjusted for equipment options and mileage; whichever is lower.

AUTO LOANS - NEW

Maximum loan amount will be calculated based on 60% of the sum of vehicle's cash price, tax and license as shown on the purchase order or 70% of the suggested retail price listed in the Kelley Blue Book - New Car Price Manual; whichever is lower...

Auto Loans

Rate and term are based upon loan amount and model year and are subject to change. 100% financing available. If refinancing a Pentagon Federal Credit Union loan, you must net an additional $5,000. Other conditions apply

Rate

How Interest Rates Are Determined: To make loans available to as many members as possible, we offer a variety of rates.

Rates—Consumer Loan Rates

this form is about Consumer Loan Rates ...

Car loan rates

These rates are for indication purposes only and should be confirmed with each institution directly. The actual rate available to a borrower will vary depending upon a number of factors which may include general credit worthiness, security/collateral provided, borrowing/repayment history and the extent to which the borrower has other products/services with that particular vendor.