Despite having a full-time NASCAR ride for over twenty years, Schrader frequently races at local tracks between NASCAR races. He races in many racing divisions, and has been successful in any division he has stepped into. He owns a dirt late model and dirt open wheel modified car. Both of these cars, along with his Craftsman Truck Series and ARCA series cars, are sponsored by Federated Auto Parts. He owns I-55 Raceway in Pevely, Missouri, and is co-owner of Macon Speedway, near Macon, Illinois, along with Kenny Wallace, Tony Stewart, and local Promoter Bob Sargent.