Auto

Increase your buying power or lower your car payments with a
low-rate Schools Auto Loan

Get your car loan from Schools Financial and make no payments for 60 days.2

Whether you’re buying a new or used car, truck or SUV — or refinancing your current auto loan — call us, stop by a branch or apply online 24/7.

Schools Financial offers you a variety of financing options whether you’re buying from a dealer or a private seller. Please visit our Auto Buying Center for the resources you’ll need to be an informed buyer and get the best deal possible on your next vehicle.

And remember, you can get approval for a Schools Auto Loan at participating Credit Union Direct Lending® (CUDL) dealers.

Rates are subject to change.
1 APR = Annual Percentage Rate. A $15,000, 48-month loan at 2.49% APR and 100% financing, would require 47 payments of $328.66 with one final payment of $328.56.
2 Interest continues to accrue from the date of purchase.

For more peace of mind, protect yourself and your loan today

Guaranteed Asset Protection (GAP)

Did you know that in the event your car is stolen or totaled, you may owe more on your vehicle than it’s worth?

GAP is designed to cover the difference between your insurance settlement and loan payoff in the event of theft or total loss. An additional $1,0002 can be used towards the loan balance of your next auto loan financed with Schools Financial.
 

Schools Safety Net

Schools Safety Net is a voluntary debt protection product that, depending on the package you select, cancels your eligible loan balance,3 up to the agreement maximum, should you pass away before paying off your loan.4 In addition, if you become disabled due to a protected illness or injury, or become involuntarily unemployed, Schools Safety Net can cancel your monthly loan payment,5 up to the agreement maximum.

It's fast and easy to enroll, and the eligibility requirements are simple.

Available Protection Plans:

Platinum Plus

  • Life Plus
  • Disability
  • Involuntary unemployment

Gold Plus

  • Disability
  • Involuntary unemployment

Bronze Plus

  • Life Plus

Please call us at 916-569-5400 or 800-962-0990, or visit a branch to learn more about the benefits of these products.

Rates are subject to change.
1 APR = Annual Percentage Rate. A $15,000, 60-month loan at 2.39% APR and 100% financing, would require 59 payments of $265.49 with one final payment of $265.47.
2 Member must finance their replacement vehicle with Schools Financial within 60 days from the date we receive the insurance payoff check for the vehicle deemed a total loss.
3 This is a summary of our Payment Protection program. Enrollment in the program is voluntary and not required to obtain a loan. Schools Safety Net is a debt protection product available through Schools Financial Credit Union. Please contact a Schools Financial loan representative, or refer to the Schools Safety Net Contract for additional information on benefit maximums, eligibility and limitations.
4 Cancels your outstanding loan balance up to $75,000 in the event of death. Can protect up to two borrowers. Please see the Schools Safety Net Contract for age limitations.
5 Cancels your monthly loan payment up to 12 months or $12,000 if disabled. Cancels your monthly loan payment up to six months or $3,000 if involuntarily unemployed.

Life can be unpredictable — Defer-A-Pay makes it easier to manage your monthly finances

Defer-A-Pay is a convenient way for eligible members to defer up to two monthly loan payments in a 12-month period, with a maximum 10 deferrals for the life of the loan, for just $25 per deferral.2 Each time you defer a payment, your loan term is extended by one month.3
 

Eligible Loans

Most consumer loans are eligible, including vehicle, airplane, boat, computer, share secured, personal, teacher certification and teacher relocation loans. Terms and restrictions apply.
 

How to Defer a Payment

Sign in to SchoolsOnline and click the "Transfers & Payments" tab. If your loan qualifies for Defer-A-Pay, you will see the option to defer a payment listed in the sub menu.

Rates are subject to change.
1 APR = Annual Percentage Rate. A $15,000, 60-month loan at 2.39% APR and 100% financing, would require 59 payments of $265.49 with one final payment of $265.47.
2 The fee will be charged at the time of deferment from the Schools Financial account you designate (i.e. checking or savings).
3 Deferring a payment results in finance charges continuing to accrue and paying higher finance charges over the life of your loan.

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