D.R.I.V.E. with UFCU

We're here to help U navigate the car-buying process with confidence.

Your Roadmap to a Smooth Car Buying Journey

Your secret weapon.

Consider the D.R.I.V.E. Method your secret weapon for moving through the car-buying process like a pro. Below, we’ll break down each step to set you up for success.

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What's the D.R.I.V.E. Method?

D

Decide on Your Path

Define your needs, budget, and preferences.

R

Research Your Options

Explore financing, understand trade-ins, and compare vehicles.

I

Ideal Game Plan

Learn negotiation tactics and prepare for the dealership.

V

Vehicle Buyer's Check

Gain negotiation power and confidence for your purchase.

E

Execute & Enjoy Your New Car

Finalize your purchase and drive away happy.

Car Buying Tools

Advice When U Need It

Explore our articles for tips and guidance directly from the experts.

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Protect Your Investment

Discover how extended warranties, GAP Advantage, and Debt Cancellation can provide peace of mind.

Vehicle Services

Vehicle Values

Before you go shopping, research pricing and features on new cars and light trucks.

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Calculator

  • Wondering how much you should borrow for your next auto loan? Let's break it down.

    1. Start by considering your monthly budget, any down payment you can make, and the trade-in value of your current vehicle.
    2. Enter your ideal monthly payment and the interest rate you think you might qualify for.
    3. Enter any cash rebates or cash back. (While these offers from the dealership can help reduce your overall spending, it's crucial to base your loan amount on your actual budget for long-term financial success.)
    4. Adjust the purchase details to see how much vehicle you can afford based on the loan term you choose.
    5. Finally, review your results in the chart and table to get a clear picture of your options.
    Our online calculators are designed for educational and informational purposes only. They are intended to provide general guidance and estimates based on the information you provide. These tools should not be used as the sole basis for making financial decisions. We recommend consulting with a qualified financial advisor to obtain personalized advice tailored to your specific financial situation.

Fuel Your Knowledge With Our Car Buying Glossary

Rev up your dealership savvy with these key terms.

  • Charges associated with starting or ending a vehicle contract:

    • For purchases: Various dealer fees passed to the buyer, including taxes, document fees, and inspection fees.
    • For leases: Acquisition fees cover setup costs, while disposition fees may apply when returning the vehicle.

  • The total amount available for your vehicle purchase, including:

    • Monthly payment capacity (typically 15% of gross monthly income)
    • Trade-in equity (current vehicle's value minus any outstanding loan)
    • Manufacturer rebates

    Example: If your payment capacity is $19,080, trade-in equity is $10,000, and you have a $1,000 rebate, your Available Cash would be $30,080.

  • An individual who agrees to repay a loan if the primary borrower can’t. While they are responsible for the debt, they don't have ownership rights to the vehicle.

  • A number between 300 and 850 that represents your creditworthiness. Higher scores typically result in better loan terms and interest rates

  • A loan obtained directly from a bank, credit union, or other financial institution, not through a car dealership.

  • An initial sum paid up front to reduce the amount borrowed. This can lower monthly payments and potentially secure better loan terms.

  • Service agreements that cover certain repairs or replacements beyond the manufacturer's original warranty. While they offer additional protection, be sure to understand what is and isn't covered.

  • A car dealership authorized to sell new vehicles from specific manufacturers. They often also sell used cars and provide manufacturer-certified service.

  • Coverage that pays the difference between what you owe on your auto loan and your car's actual cash value if it's totaled or stolen.

  • Financing arranged through a third party, typically a car dealer, who acts as an intermediary between you and the lender.

  • An agreement that allows you to drive a vehicle for a set period and mileage in exchange for monthly payments. You're essentially paying for the car's depreciation during your use, rather than its full value.

  • A representative from a financial institution who guides you through the loan application and approval process, helping you understand your options and secure financing.

  • The process of fixing or replacing the working parts of a vehicle, including the engine, transmission, and electronic components. This can include diagnosing issues and programming new parts.

  • The process of replacing your current auto loan with a new one, often to secure a lower interest rate or change the loan term. This can potentially lower your monthly payments or help you pay off your loan faster.

  • The amount a dealer offers for your current vehicle to apply toward the purchase of another car. This value is typically closer to wholesale price than retail, as dealers need to make a profit when reselling.

  • A document, available from UFCU, that demonstrates to car dealers that you have funds ready for a purchase. This can give you more negotiating power, as dealers may be more willing to work with a buyer who can complete the purchase immediately.