Learn The Smart Way to Buy Your Dream Vehicle
Check out our tips and strategies for buying and owning a car, with articles to guide you through every step—from budgeting to maintenance—so you can hit the road with confidence.
A First-Time Buyer’s Guide to Budgeting for a Vehicle
Looking to buy your first car? Learn how to set a budget, understand total costs, and explore financing options to find a car that fits your needs and finances.
How Your Credit Score Effects Your Auto Loan
Get to know what a credit score really is, why it matters, and how it affects your finances. Learn simple tips for building a good score without stressing over perfection.
The Benefits of Getting Pre-Approved for Your Auto Loan
Learn why pre-approval for an auto loan puts you in control. From saving time to securing better rates, pre-approval makes the car-buying process easier and smarter.
More Articles on Auto Loans Blog
VIDEO RESOURCES
Buying a car is a big decision, whether it’s your first ride or an upgrade. Nuvision is here to help you make the best choice with resources and guidance on everything from budgeting to finding the right financing options.
Buying A Car? Watch This First!
Buying a car is a big decision, whether it’s your first ride or an upgrade. Nuvision is here to help you make the best choice with resources and guidance on everything from budgeting to finding the right financing options
What is Guaranteed Asset Protection?
GAP helps cover the remaining loan balance if your primary insurance doesn’t fully cover it after a total loss or theft. Certain limitations apply, including loan-to-value limits and any past-due payments or other fees.
Get the Best Deal on Your Car Loan with Our Auto Loan Calculator
Our Auto Loan Calculator helps you find the smartest way to finance your car. Take control of your budget and see how small adjustments can lead to big savings over the life of your loan.
Use this calculator to help you determine your monthly car loan payment or your car purchase price. After you have entered your current information, use the graph options to see how different loan terms or down payments can impact your monthly payment. You can also examine your complete amortization schedule by clicking on the "View Report" button.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Buying A Vehicle FAQS
Getting pre-approved helps you understand your budget and gives you the power to negotiate confidently. With a pre-approval, you’ll know your loan amount and terms ahead of time, allowing you to focus on finding the right vehicle without surprises.
Your interest rate is influenced by your credit score, loan term, the age of the vehicle, and current market rates. Generally, a higher credit score and a shorter loan term can help secure a lower rate.
While down payment requirements vary, putting down 10-20% of the vehicle’s price is typical. A larger down payment can lower your monthly payments and reduce the interest you pay over the life of the loan.
Yes, Nuvision Credit Union offers loans for both new and used vehicles. Keep in mind that interest rates on used car loans may vary depending on the vehicle’s age and condition.
Gap insurance covers the difference between the loan balance and the vehicle’s market value if it’s totaled or stolen. It can be a smart choice if you owe more than the car’s current value, especially with longer loan terms or lower down payments.
