In observance of New Year’s Day, Altura’s branches and offices will be closed on Wednesday, January 1st, 2025.
Online Banking, the mobile app, and our ATMs will be available for your convenience. Thank you.
The holiday season brings joy, but it also attracts increased fraud activity. Stay safe by shopping securely, monitoring your accounts, and keeping your sensitive information private.
Visit AlturaCU.com/fraud-security for more tips.
Did you know?
Forget generic plastic, go wild! Nicknames, teams, or just a sprinkle of you – personalize your Altura cards with a second line and make them truly yours.
Six decades of unwavering service, six decades of dreams realized. Altura’s legacy is etched throughout Riverside County.
You can also use our car buying service, Auto Expert, to locate the car of your dreams. We handle everything including locating and negotiating your vehicle interest.
All About Auto Loans
How Do Auto Loans Work?
If you are looking to purchase a car, typically you will need to take out a card loan. When you get an auto loan from a financial institution, you will receive your money in a lump sum and then pay back the amount, plus interest, over a certain period of time (the “Term”).
Your monthly payment will be determined by:
The amount of the loan
The term of the loan – the amount of time you have to pay back the entire loan
The APR (annual percentage rate) – the interest rate you pay on your loan
How to Refinance an Auto Loan
If you have an existing car loan that you would like to refinance, we can help you with that as well!
Refinancing your existing auto loan involves taking out a new loan with Altura as a means to pay off your existing loan balance. The benefit to refinancing is that you can typically save money by either increasing your repayment period (e.g. 36-month term to 72-month term), lowering your interest rate (APR), or both.
Auto Loan Calculator
Estimate your monthly auto loan payment with Altura’s auto loan calculator. Simply enter the information in the designated fields below to receive your monthly estimate. Planning to finally purchase that new car has never been easier!
Below are our latest auto loan rates for new and used vehicles:
Rates Effective Date: December 30, 2024
Loan Type
36 Months
48 Months
60 Months
72 Months
84 Months ($25,000 minimum loan)
New Car Loans (2024-2025 Model Years) - ^APR
4.99%
5.59%
5.89%
6.24%
6.99%
Used Car Loans (2023 & Older Model Years) - ^APR
5.49%
5.89%
6.29%
6.49%
7.74%
^ APR = Annual Percentage Rate. Listed interest rates include a .50% discount for full direct deposit with automatic payment from checking. Rates are subject to change without notice. Rates & terms may v...
^ APR = Annual Percentage Rate. Listed interest rates include a .50% discount for full direct deposit with automatic payment from checking. Rates are subject to change without notice. Rates & terms may vary depending on approved loan amount and term. Loan rates reflect our Best Rates and may be higher depending on individual credit rating and account history.
You can also use our car buying service, Auto Expert, to locate the car of your dreams. We handle everything including locating and negotiating your vehicle interest.
How Do Auto Loans Work?
If you are looking to purchase a car, typically you will need to take out a card loan. When you get an auto loan from a financial institution, you will receive your money in a lump sum and then pay back the amount, plus interest, over a certain period of time (the “Term”).
Your monthly payment will be determined by:
The amount of the loan
The term of the loan – the amount of time you have to pay back the entire loan
The APR (annual percentage rate) – the interest rate you pay on your loan
How to Refinance an Auto Loan
If you have an existing car loan that you would like to refinance, we can help you with that as well!
Refinancing your existing auto loan involves taking out a new loan with Altura as a means to pay off your existing loan balance. The benefit to refinancing is that you can typically save money by either increasing your repayment period (e.g. 36-month term to 72-month term), lowering your interest rate (APR), or both.
Auto Loan Calculator
Estimate your monthly auto loan payment with Altura’s auto loan calculator. Simply enter the information in the designated fields below to receive your monthly estimate. Planning to finally purchase that new car has never been easier!
Below are our latest auto loan rates for new and used vehicles:
Rates Effective Date: December 30, 2024
Loan Type
36 Months
48 Months
60 Months
72 Months
84 Months ($25,000 minimum loan)
New Car Loans (2024-2025 Model Years) - ^APR
4.99%
5.59%
5.89%
6.24%
6.99%
Used Car Loans (2023 & Older Model Years) - ^APR
5.49%
5.89%
6.29%
6.49%
7.74%
^ APR = Annual Percentage Rate. Listed interest rates include a .50% discount for full direct deposit with automatic payment from checking. Rates are subject to change without notice. Rates & terms may v...
^ APR = Annual Percentage Rate. Listed interest rates include a .50% discount for full direct deposit with automatic payment from checking. Rates are subject to change without notice. Rates & terms may vary depending on approved loan amount and term. Loan rates reflect our Best Rates and may be higher depending on individual credit rating and account history.
You can also use our car buying service, Auto Expert, to locate the car of your dreams. We handle everything including locating and negotiating your vehicle interest.
Relationship Discount
Save an automatic 0.50% on your loan rate for Members who have full payroll direct deposit and automatic payment withdrawals from their Altura checking or savings account.
Debt Cancellation
Debt Cancellation protects you in the event of involuntary unemployment, disability or your heirs in the event of an untimely death.
Mechanical Breakdown Insurance
Altura offers Mechanical Breakdown Insurance to cover the smaller car repairs that regular car insurance won’t cover.
GAP Insurance
This insurance is to help you pay off your loan in the event of a total loss vehicle.
FAQs
Can I Skip a Car Payment on My Car Loan?
As an Altura Credit Union member, you can skip one payment per year on your car loan. This is a convenient option that not all lenders provide. Before you skip a payment, make sure you have at least six months of payment history on your loan.
Can I Make My Monthly Payments with an Automated Debit from My Checking Account?
Automated monthly payments are available. At the loan closing, an automated payment application will be provided. Simply return it at your earliest convenience to enroll in the automated payment program.
