Selective focus on car lights, potential buyer examining auto at the dealership on background.

First-Time Auto Buyer Loan

Great rates, flexible terms.

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Build credit, get a competitive rate and an affordable monthly payment.

Borrow up to $30,000.

Your rate automatically drops by 0.50% every year you make on-time payments.¹

Get financing for up to 130% of the car's value.²

Make no payments for the first 90 days.³

Skip up to three payments over the life of your loan.⁴

Use an Auto Convenience Check and shop like a cash buyer.⁵

Rates starting as low as

7.99 % APR

for new vehicles.^†

Rates starting as low as

8.59 % APR

for used vehicles.^†

AUTO LOAN RATES & TERMS

WALTER M. MEMBER SINCE 2009

Before You Shop, Get Preapproved

Buying a car can be fun — but stressful if you’re not prepared. Before you start shopping, get preapproved financing with us.

Next, research cars that fit your needs — and your budget. Make sure you have enough money saved for a down payment. Experts recommend saving 10% for a used vehicle and 20% for a new one.

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Car Buying Made Easy

When you get financing with us, you'll get up to $30,000 on a new or used car on a loan term up to five years (see rates and disclosures). With preapproved financing in place, you know what you can afford and won’t be pressured to taking a deal that might not work in your favor. Of course, if you find better terms, you're free to switch.

Finally, you don’t have to go it alone. We offer car buying services that match you with your shopping style — online, at a top dealer or working with a consultant who will find the car you’re looking for — no haggling.

Explore Our Auto Loan Options

FastTrack: Easy SchoolsFirst FCU financing and a network of more than 600 dealerships.
Enterprise Car Sales: Quality used cars inspected by certified technicians.
Autoland: A personal consultant will do the shopping for you.
TrueCar: Get upfront pricing and see what other buyers have paid.

Auto loans with rates as low as 7.99% APR for new vehicles,^† 8.59% APR for used vehicles.^†
Finance a leased or private seller car.
Refinance an existing auto loan.
Pause your monthly payments if you become disabled or unemployed with Payment Shield Plus.

Auto Insurance: We do the work for you to find the right coverage at the best price.
GAP Plus: Additional protection to cover your car's value if your car is damaged beyond repair.
Mechanical Repair Coverage: Provides covered repairs for new and used eligible vehicles after your warranty expires.
MexiPass: Special coverage if you drive your car to Mexico.

AUTO LOAN RATES & TERMS

Six Years in a Row

For six consecutive years, we've been recognized by Forbes as the No. 1 Best-In-State Credit Union in California.

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How to Buy a Car in Today's Market

Calculate Your Car Loan Payment

CALCULATOR

Get the Right Auto Insurance Coverage

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Locations

We offer over 70 branches in California and 30,000+ ATM locations.

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Not a Member?

Joining SchoolsFirst FCU is quick and easy. Apply for Membership today.

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Disclosures

APR = Annual Percentage Rate. SchoolsFirst FCU has a loan program featuring a range of interest rates for some of its consumer loans. A rate is based on a variety of factors, including the applicant's credit rating. Rates quoted are effective as of 04/18/2025 and are subject to change without notice. All loans subject to approval. Terms and conditions are subject to change and may vary based on collateral conditions, qualification and creditworthiness.

Subject to eligibility. Rate may be reduced by up to 0.50% APR increments after 12 consecutive on-time payments. Maximum rate reduction will not exceed lowest APR offered at the time of funding and the maximum number of rate reductions are determined by eligibility. Monthly payment will remain the same, with additional money applied as per the Loan and Security Agreement. This may shorten the term of the loan and total interest paid over the life of the loan.
Loan amount not to exceed $30,000 and financing not to exceed 130% of the Manufacturer’s Suggested Retail Price on new vehicles (Kelley Blue Book Suggested Retail Value on used vehicles) based on creditworthiness, whichever is less; and may include tax, license, documentation fees, GAP and Extended Warranty/MRC.
Does not apply to the refinance of existing SchoolsFirst FCU auto loans or cash-out refinance loans and is nontransferable. The "90 day no payment" period cannot be combined with other payment skip programs to extend the first payment due date longer than 90 days from funding. Interest begins to accrue immediately and the 90 days of interest will be collected through the first payment. As a result, you may pay higher total finance charges on the loan than if payments began earlier.
Subject to approval. Interest will continue to accrue during the skip payment period. Must have made the last 12 consecutive loan payments on time or, if "No Payment for 90 Days" was added, must have made nine consecutive loan payments on time. All loan and share accounts must be in good standing. Valid on select auto loans. Program subject to change or cancellation. Limited to one skip per 12 months.
Restrictions apply.

APR = Annual Percentage Rate. All loans subject to approval. Lowest rates reflect a 0.75% discount for payment by automatic transfer from your SchoolsFirst FCU Share Savings or Share Draft Checking account.