Valeri Tompkins says that through a new Pentagon Federal Credit Union program, members can discover the Volvo brand “in an intimate way” through the PenFed Car Buying Service, which is powered by TrueCar.
Tompkins is senior vice president at TrueCar, and she is referring to the Volvo PenFed Member Offer, which provides members of Pentagon Federal Credit Union, or PenFed, with preferred pricing and other incentives. PenFed, TrueCar and Volvo Car USA are partners on the private targeted incentive program.
“This is a fantastic offer that provides PenFed members access to special prices, plus incentives across Volvo’s premium lineup of vehicles,” Tompkins said in a news release.
PenFed says it is America’s second-largest federal credit union. Established in 1935, it serves 1.8 million members worldwide with $24.5 billion in assets.
The Volvo PenFed Member Offer is available until Jan. 2 through the PenFed Car Buying Service powered by TrueCar.
Through the program, PenFed members are eligible to receive $1,000 military purchase bonus cash on purchased vehicles, plus Affinity Program Pricing, which PenFed says is equivalent to Volvo’s employee pricing. The offer is valid nationwide at any Volvo dealership.
For PenFed members, special incentives are available on select 2019 and 2020 Volvo models, including the XC40 luxury compact SUV.
“We’re excited to add another money- and time-saving benefit to the PenFed Car Buying Service members shopping for a new vehicle,” said PenFed vice president of auto lending product sales Ivan McBride.
McBride added, “PenFed members considering a new Volvo can confidently purchase the vehicle, knowing they are getting an exceptional deal.”
“Volvo Car USA is pleased to participate in this special offer for PenFed members in partnership with TrueCar,” said Volvo national media relations manager Russell Datz.
Datz continued, “We hope this is just the first of many great benefits PenFed members will enjoy as they become a part of the Volvo family.”
To activate the offer, PenFed members can log in to their online PenFed account. Members can visit PenFed.org and go to the PenFed Car Buying Service. Or they can visit the PenFed Car Buying Service directly and log in to validate their membership. Once validated, members can search for a new Volvo.