All UHCU branches will be closed on Monday, October 10, in observance of Columbus Day. Branches will be open for normal business hours on Tuesday, October 11.
 
Articles and Resources
5 Tips When Researching a New Car
5 Tips When Researching a New Car

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Tips for Buying Your First Car
Tips for Buying Your First Car

Buying your first car is exciting, but can also be a bit nerve-racking.  With a little planning and a bit of research, you can make the process easier and faster. Doing some homework before...

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Boost Your Auto Buying Power - Get Pre-Qualified
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We’ve mentioned before how getting pre-qualified for an auto loan can increase your buying power, but what does that mean exactly? We’ll outline how doing some planning before you sh...

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Leasing vs. Purchasing a Car: What You Should Know Before You Start Shopping
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Credit Union Auto Loans - More Than Just a Loan
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Get the Most Out of Your Auto Loan
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Car loans are more straight-forward than some might think; you find a car you like and can reasonably afford, you finance the car and drive it off the lot. Sometimes this can happen in the span ...

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5 Tips for Buying a New Car

Whether you're buying a new vehicle or a pre-owned vehicle that’s new-to-you, the experience should feel rewarding. Unfortunately, many people find buying a new car to be stressful. Do...

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7 Steps for First-Time Car Buyers
7 Steps for First-Time Car Buyers

Are you a first-time car buyer? Before heading to the dealership, check out these steps on how to best buy a car.

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5 Ways for Austin Drivers to Minimize Auto Expenses
5 Ways for Austin Drivers to Minimize Auto Expenses

Although sitting in traffic can take a toll on the health of your vehicle, following a few simple guidelines can help ensure you're not spending a fortune on your car.

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How Much Car Can You Afford?
How Much Car Can You Afford?

January is typically a slower car-buying month, which opens up the opportunity for potential savings. While acting fast can benefit you financially, it's still important to consider all of y...

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Auto Info & FAQs

Planning for Buying a Car

Buying a car is an exciting time that’s often overwhelmed with a focus on the particulars: new car vs. used car, safety ratings and even color. Before getting carried away with the details, there are steps you can take to put yourself in the driver’s seat.

Determine your budget.

One of the most important first steps down the path to new car ownership is deciding on a budget. It’s important to be realistic here – buy only what you can afford. From this budget, you’re able to determine if you’re in the market for a new or used car, as well as the types of vehicles in your price range. Most advisors suggest your total monthly expenses (car payment, insurance, gas, etc.) not exceed 20 percent of your income.

Clean up your credit history.

If you’ve seen your credit score and know it won’t get you the financing options you’d like, take a step back and reassess. If your new car purchase can wait, consider working on improving your credit first. Low credit scores will result in much higher interest rates, causing the final price of your dream car to exceed the sticker price.

Shop for money before you start shopping for a car.

Getting pre-approved for your new (or new to you) car loan gives you added confidence as you shop for cars and negotiate a fair price, putting you at an advantage when you’re ready to buy. If you have questions or are ready to start the pre-approval process, speak to a UHCU loan specialist by calling 512.435.4444 or by applying online.

Know how to work the dealer.

Before you stroll into the dealership, do your homework. Show up with paperwork on market values, trade-in values and financing options.

Know exactly what you’re buying.

Be wary of dealer add-ons and up sales. Add-ons like service contracts and extended warranties can inflate the price of your vehicle. Check with United Heritage first; we often offer the same products as the dealership but at a much lower cost. And of course, make sure to read all the fine print before signing anything.

What should I ask my Agent?

  • How much can you afford to pay if you get in an accident? To keep premiums low you may want to discuss a higher deductible and be willing to pay more for repairs.
  • What is the insurance company's level of service and ability to pay claims?
  • What discounts are available? Ask about good driver, multiple policy and student discounts.
  • What's the procedure for filing and settling a claim? Ask who to call and what happens after you file a claim.

What is auto insurance?

Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy. 

Auto insurance provides property, liability and medical coverage:

  • Property coverage pays for damage to or theft of your car.
  • Liability coverage pays for your legal responsibility to others for bodily injury or property damage.
  • Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.

An auto insurance policy is comprised of six different kinds of coverage. Most states require you to buy some but not all of these coverages. If you're financing a car, your lender may also have requirements.

Most auto policies are for six months or a year. Your insurance company should notify you by mail when it's time to renew the policy and to pay your premium.

Why do you need auto insurance?

It's about protecting yourself financially.

  • If you're in an accident or your car is stolen, it costs money -- often a lot of money -- to fix or replace it.
  • If you or any passengers are injured in an accident, medical costs can be extremely expensive.
  • If you or your car is responsible for damage or injury to others, you may be sued for much more than you're worth.
  • Not only is having insurance a prudent financial decision, many states require you to have at least some coverage.