In what ways does gap insurance operate?
PenFed Auto Loans
The rate of return on assets (APR)
Commencing at 5.94%
Loan intent
automobiles—new, used, and refinanced
Loan amounts
Commencing at $500
Words
between 36 and 84 months
Needs credit
Not stated
Early repayment penalty
Not one
Late payment
20% of the outstanding balance, up to $25
MyAutoLoan
- The rate of return on assets (APR) is currently at 4.99%Loan intent
Automobiles: new and old, financing, lease buyouts, and private parties
Loan amounts
Commencing at $8,000 (refinancing at $5,000)
Words
between 24 and 72 months
Needs credit
A FICO score of at least 575
Early repayment penalty
Not one
Late payment
varies according to lender