ALEXANDRIA, Va. — In an attempt to generate more auto-loan business, Pentagon Federal Credit Union recently unveiled what it's calling attractive interest rates for new, used and refinanced vehicles.

Currently available only for a short time, officials indicated the contract can run from 12 to 60 months with an APR rate of 2.99 percent.

The credit union reiterated that it can provide financing for new vehicles up to 100 percent of MSRP along with title, taxes and tags. For used and refinanced vehicles, officials indicated financing is available up to the Kelley Blue Book value.

"For those members who wish to finance their loan with us, a notably low 2.99-percent APR can be the appealing winning ticket they seek," declared Larry Blake, senior vice president of credit for Pentagon Federal Credit Union.

"Many financial institutions are raising rates or scaling back on lending incentives due to the current economic environment," Blake continued.

"Given this trend, PenFed sees this as an opportunity to offer attractive auto financing solutions to our membership," he added.

In addition to the rate, credit union officials also highlighted they offer competitive values on extended warranty plans, guaranteed asset protection, and life and disability payment protection coverage.

For more information about Pentagon Federal Credit Union, visit PenFed.org or call (800) 247-5626.