Mobilize Financial Services Places €624 Million Securitization Backed by German Auto Loans

Mobilize Financial Services Group has successfully placed a €624m securitization backed by German auto loans. The FCT Cars Alliance Auto Loans Germany v 2025-1 issued €611m in senior notes and €13m in subordinated notes, both rated AAA(sf) and AAA(sf) respectively by DBRS and Moody's. This transaction confirms the company's access to diversified financing sources.

PenFed Credit Union, one of the nation's largest federal credit unions, is offering an enticing promotion for auto financing. The credit union is providing a $200 bonus for financing an auto loan and a $150 bonus for using a PenFed checking account to make two months of automatic payments for the full amount due. The offer period ends on May 12, 2025 [1].

To qualify for the full bonus, members must finance an auto purchase or refinance a current auto loan from an institution outside PenFed with a PenFed auto loan and use a PenFed checking account to make two monthly recurring payments on an auto loan funded at greater than $10,000. The $200 bonus will be deposited to the primary applicant's share savings account by October 15, 2025, and the $150 checking bonus will be deposited to the member's PenFed checking or savings account by the same date [1].

PenFed's new initiative aims to make vehicle ownership more affordable. "At PenFed, anyone can join, and our members now can drive away with an extra $350. This limited-time offer is designed to help members achieve their goals by providing more affordable auto loan financing," said PenFed Chief Marketing Officer Gaurav Bhatia [1].

The credit union offers auto loans up to $150,000, with rates starting as low as 3.79% APR for members using the PenFed Car Buying Service powered by TrueCar. Members can view their pre-qualified loan offers with a soft pull, ensuring their credit scores aren't affected [1].

Meanwhile, Mobilize Financial Services Group has successfully placed a €624m securitization backed by German auto loans. The FCT Cars Alliance Auto Loans Germany v 2025-1 issued €611m in senior notes and €13m in subordinated notes, both rated AAA(sf) by DBRS and Moody's. This transaction confirms the company's access to diversified financing sources [2].

References:
[1] https://www.prnewswire.com/news-releases/penfed-credit-union-offers-up-to-350-bonus-for-financing-an-auto-loan-302441779.html
[2] https://www.mobilizefinancial.com/news/2025/05/01/mobilize-financial-services-group-places-624m-securitization-backed-by-german-auto-loans