Lower Your Car Payment

Imagine saving around $100 each month1 on your car payment! When you refinance your auto loan from another lender to Schools, you'll raise the bar — and lower your payment — with these benefits:

  • Rates start as low as 2.69% APR2 up to 48 months
  • Extend your term for an even lower payment
  • Make no payments for 60 days3
  • Receive FREE Guaranteed Asset Protection (GAP), a $350 value

Compare auto loans

Original auto loan example — A $25,000 "big bank" loan with a term of 72 months and a rate of 4.99% APR has a payment of approximately $402.57.

Projected Schools refinance — Assuming you've made payments over a period of time, refinancing $20,000 with a Schools Auto Loan at a rate of 2.99% APR and a 72-month term would require an approximate payment of $303.82.

Apply for your refinance

  • Sign in to your account in SchoolsOnlineSM
  • Visit any Schools branch
  • Call 916-569-5400 (Sacramento area) or 800-962-0990

1 Savings estimate based on an average used auto loan.
2 APR=Annual Percentage Rate. Your actual rate may vary based on your credit history, term, amount financed and age of vehicle. Schools products, rates, terms and conditions are accurate as of July 1, 2014. Representative payment example: A $20,000 loan at a rate of 2.99% APR and a 72-month term would require 71 payments of $303.82 and one final payment of $303.08.
3 Interest will continue to accrue from the date of purchase.