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Vehicle Equity Loans

Use the equity in your vehicle as a quick, easy way to borrow money at a low rate, whether you own your vehicle free and clear or not.

How Vehicle Equity is Calculated
Vehicle equity is the difference between the retail value of the vehicle and what you still owe on the loan. For example, if the retail value of your vehicle is $10,000, and you currently owe $6,000 on the loan, the equity of your vehicle is $4,000.

When you access the equity in your vehicle, your auto loan is refinanced, and the equity you borrow is added to your loan amount. Using the example above, if you access the entire $4,000 worth of vehicle equity, the refinanced loan amount is $10,000 (your previous loan balance + equity value). Itís even possible that your monthly payment on a vehicle equity loan will be less than your current monthly payment.

To find out the available equity in your vehicle,

  • Contact our Consumer Lending Center at 210-945-3300 (San Antonio), 512-833-3300 (Austin) or 1-800-580-3300 (toll free)
  • Visit your Neighborhood Branch and a representative will determine the N.A.D.A retail value on your vehicle.

Time Saving Tip
We will need the year, make, model, mileage, and options on your vehicle to determine available equity.

To apply for your vehicle equity loan or to find out more information

  • Apply Online
  • Call our Consumer Lending Center at 210-945-3300 (San Antonio), 512-833-3300 (Austin) or 1-800-580-3300 (toll free)

Mileage and added options are factors relating to the value of a vehicle.