The excitement of buying a car should last longer than the first drive. If your current auto loan rate is taking some of that joy away, let Schools Federal Credit Union help you Fall Into Savings!
As a member, you deserve a loan that works for your budget. Whether you financed at the dealership or through another lender, you may have an opportunity to save.Our goal is to lower your current rate by 2%, or even more, subject to our minimum rate and loan qualifications!
Move your auto loan to Schools Federal Credit Union and explore these additional options:
- Give your budget some breathing room. Delay your first payment for up to three months.
- Prepare for unexpected repairs. Add discounted Mechanical Breakdown Protection (MBP).
- Protect against a potential gap. Add Guaranteed Asset Protection (GAP) to help cover an eligible shortfall between your loan balance and your insurance settlement if your vehicle is stolen or declared a total loss.
- Plan for life’s unexpected turns. Add Debt Protection for eligible events such as involuntary unemployment, disability, or loss of life.
You already love your car. Now give yourself another reason to enjoy the ride! Let us do the math and see how much you could save.
Terms and qualifications apply for Meet or Beat Auto Loan. Subject to change at anytime. As of October 1, 2026, our floor-rate is 4.69% APR. Active school employees from LAUSD or LACCD with direct deposit or payroll deduction and automatic loan payments qualify for a lower floor-rate of 4.59% APR. Your rate cannot go below the minimum that applies to you.
We can match your current loan term, up to 72 months. Your vehicle must be a 2021 model or newer with fewer than 100,000 miles. The loan amount cannot exceed 130% of MSRP using KBB guidelines.
MBP, GAP, and Debt Protection are optional and do not affect loan approval. Each program has its own coverage terms and exclusions.
Could you save more than 2% off? Yes! If your credit qualifications make you eligible for an even lower rate through our regular auto loan program, we’ll give you the lowest rate you qualify for. Current Loan Rates.
Auto Loan Rates
| Loan Type | Term | APR* |
|---|---|---|
| New Auto Loan | 36 Months | 4.69% |
| 48 Months | 4.84% | |
| 60 Months | 4.94% | |
| 72 Months | 5.09% | |
| 84 Months | 5.94% | |
| 96 Months | 6.34% | |
| Used Auto | 36 Months | 4.69% |
| 48 Months | 4.84% | |
| 60 Months | 4.94% | |
| 72 Months | 5.09% | |
| 84 Months | 5.94% | |
| 96 Months | 6.34% | |
| New 1st Time Car Buyer | 36 Months | 5.49% |
| 48 Months | 7.44% | |
| 60 Months | 7.94% | |
| 72 Months | 7.99% | |
| Used 1st Time Car Buyer | 36 Months | 5.49% |
| 48 Months | 7.44% | |
| 60 Months | 7.94% | |
| 72 Months | 7.99% | |
| Advertised rates include the following discounts: 0.25% for direct deposit; 0.25% with auto-pay. | ||