Financial Advice

Buy & Own a Car

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Simplify Your Next Auto Purchase

So, you’ve found the right car and been preapproved! What next? A UFCU electronic Vehicle Buyer’s Check (eVBC) just might be the quickest, easiest way to buy a car from a dealership. It gives you the ability to pay for your vehicle as a “cash buyer” at your convenience. Here’s how it works, and why it’s a great alternative to the more conventional car-buying routine.

Call us at (512) 498-CARS (2277) or (800) 252-8311, or stop by any financial center to learn more.

What Is an eVBC?
Many UFCU Members know about, or have already taken advantage of, our traditional paper Vehicle Buyer’s Checks (VBCs). These convenient checks are issued by UFCU directly to our Members, for you to spend at an auto dealership when you’re ready to seal the deal. An eVBC is simply the modernized, electronic version of this process.

How Does an eVBC Work?
Your first step is to contact an expert on our lending team, and be sure you qualify. You’ll share details about yourself, the kind of car you want to buy, and how much you’re looking to spend. They’ll let you know how much you qualify for and initiate the eVBC process. It only takes about 10-15 minutes to apply, and you don’t even need to come in to a location. Once your loan officer initiates the process, you’ll receive an email advising you of next steps, along with a link to the eVBC that you can use as soon as you’ve found the right vehicle.

What Are the Advantages of an eVBC?
When you walk into an auto dealership armed with an eVBC, you’ve got all the advantages that come with preapproval, and then some:

  • You can rely on your UFCU loan officer to help you make sure you’re buying a car that’s right for you and your budget.
  • Preapproval with UFCU means you’re most likely getting the best interest rate you qualify for.
  • You’ll be in a better position to negotiate with the dealer when you have a check virtually in hand, essentially making you a “cash buyer” from the dealership’s perspective.
  • You can use the eVBC at any time, even on evenings and weekends.

Once the negotiation is final, you and your salesman at the dealership will go online to confirm your approval via electronic signature. The next day, the dealership will receive payment in full via ACH or cashier’s check, and you’ll be enjoying your new car or truck!