Auto Loans and the Teachers Difference
At Teachers, we prioritize people, not profit. This puts you at the center of our lending efforts. And when it comes to auto loans, we put you on the right track. Whether you need a loan for a new car, or need a better rate for your current auto financing, we guide you through a seamless process to help you get the best loan for your car needs.
Why apply for your car loan at Teachers? Here are just a few reasons:
Financing Stays Here
Our in-house professionals personally service all loans, meaning your paperwork—and loan—isn't shipped off to another institution. This end-to-end experience means you get the lending and service that you’ve been promised. We know exactly how to get the best rates, identify add-ons that provide you value, and quickly close your loan.
Application Convenience
Our quick and easy application process starts when and how you’d like. Conveniently apply online, or for personalized attention, visit a branch or schedule an appointment.
No Prepayment Penalties
Want to pay your loan off ahead of time or put a little extra toward your principal balance? No worries. Your Teachers auto loan has no prepayment penalties, meaning you can pay as much as you want, as early as you want. You can even make your payments online with QuickPay.
Auto Loan Options
Teachers works hard to find you the lowest lending rate, complete with terms that match your needs and budget.
New Car Loan Details
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Repayment terms of up to 96 months*
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Optional extended warranty available for purchase Optional GAP insurance available for purchase
Used Car Loan Details
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Repayment terms of up to 84 months**
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Optional extended warranty available for purchase
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Optional GAP insurance available for purchase
Refinance Options
Already have a loan on your vehicle? We can help you find a better rate. Want to buy out your lease? We have loans for that too. Whether you need a new loan or want to refinance, our goal is to help you keep more of your money with the lowest possible interest rate and best possible terms.
New Auto Refinances
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Must refinance for a minimum term of 24 months***.
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New auto rates apply, depending on review of title and original purchase agreement / loan agreement.
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To qualify as a new auto refinance, the vehicle must have been purchased as new, and the refinance must be completed within 12 months of the original purchase date.
Used Auto Refinances
- Must refinance for a minimum term of 24 months***
* Must enroll in Teachers QuickPay and activate. Certain restrictions and other limitations may apply.
** [1] New Auto Loan. Rates and terms accurate as of 11/21/2022. Rates and terms are subject to change without notice. All offers are subject to credit approval. For terms of 96 months; estimated monthly payment of $14.11 per $1,000 borrowed. Minimum auto loan is $30,000. Program subject to change without notice.
***Used/ Refinanced Auto Loan. Rates and terms are subject to change without notice. All offers are subject to credit approval. For term of 84 months; estimated monthly payment of $15.34 per $1,000 borrowed. Minimum auto loan is $10,000. Program subject to change without notice.
****Rates and terms are subject to credit review and approval requirements. To obtain a loan from Teachers, membership is required by opening a minimum $1 share savings account prior to loan closing.