About Auto Loans - Milwaukee, WI - By Heritage Credit Union
Use Our Refinance Calculator
Calculate the money you'll save each month with a refinance.
5 Tips To Improve Your Credit Score
Staying on top of your bills and debt can save you money by avoiding higher loan rates.
Refinance your car loan in 3 simple steps
Applying for an auto loan refinance can be done completely online in 3 easy steps.
Step 1) Get organized
- Use calculator to find an ideal payment
- Have your Make, Model, VIN, and mileage ready for the application
Step 2) Apply online 24/7
- An eLoan Officer will get in touch shortly. Once approved, you will need to get a 10-day payoff information from your current lender. Please request the info be faxed or emailed to your eLoan Officer
Step 3) Sign documents from anywhere
- Use your phone or computer to sign documents and we will take care of the rest!
Used Auto Loan Rates
Heritage Credit Union
Important Message Regarding Heritage Debit Cards
Some members are experiencing intermittent issues with debit card transactions. Please know we are doing what we can to resolve this issue as soon as possible.
Exciting News — Heritage members approved the merger with Connexus Credit Union effective March 1. Connexus Credit Union will provide increased value for our members, staff, and community. Here are a few resources about the merger...
Keep up-to-date with the latest resources about our merger.Learn More
Member Resource Guide
Helpful information to guide you through the merger process.Learn More
Have questions about the merger? We have answers!Learn More
Heritage Credit Union is rated 4.8 out of 5.0
6 Essential Car Loan Terms You Should Know
1) Interest Rate: An auto loan's interest rate is the amount of money paid each year to borrow from a lender shown as a percentage. Additional fees are not included in the interest rate.
2) APR (Annual Percentage Rate): APR is the amount of money paid each year to borrow from a lender, including fees, shown as a percentage. The APR of a loan is best described as the "all-in" yearly cost you will pay.
3) Principal: the principal of a loan is the amount of money you initially agree to pay back, without the added interest.
4) Loan Term: A loan's term is a broad description that includes various details of the loan. The term typically includes the loan's repayment period, rates, and fees. For example, a new car loan's term may include a 60 month repayment period at an interest rate of 4.00%.
5) Amortization: Amortizing a loan is a technique used to spread out payments over a certain period of time (usually the loan term's repayment period). This is a great way to plan monthly payments and repay your loan in full before its maturity date.
6) Maturity Date: The maturity date of a loan is the date when the principal amount of a loan becomes due. For example, if you took out a $20,000 car loan with a 72-month term, your maturity date would be reached at the end of the 72 month period.