Car Shopping & Financing Guide


 

Whether you're car shopping at a dealer or online, we'll make your financing experience easier and stress-free.

 

Partner Dealerships

We partner with hundreds of dealerships to help streamline the loan process. Browse dealer inventories in our Auto Research Center and use NADA to explore vehicle values.

When purchasing from a partner dealership:

  • The dealer will create a duplicate credit application for you since they do not have access to your personal information at UW Credit Union.
  • You will close and sign your loan papers right there at the dealership.

Non-Partner Dealerships

Even if we don’t have a direct partnership with your dealer, we can still finance your vehicle purchase quickly and easily.

When purchasing from a non-partner dealership:

  • Provide to UW Credit Union a readable copy of the Dealer Purchase Agreement/Buyer’s Order from your dealership.
  • Provide the dealership with UW Credit Union’s lienholder information:

UW Credit Union
P.O. Box 44963
Madison, WI 53744-4963
Phone: 608-232-5000
Fax: 608-236-2981
Secured Party No: 005805

 

Private Sellers

When purchasing from a private seller:

  • Provide to UW Credit Union a readable copy of the front of the vehicle's title.

Note: If the title shows a lien on it, we will also need either a copy of the lien release or a payoff quote from the financial institution that holds the loan.

  • You and the seller will need to complete and sign a Bill of Sale provided by UW Credit Union.

Online Retailers

We partner with Carvana to make purchasing your next vehicle easier and more convenient for you.

When purchasing from Carvana:

  • Browse an extensive inventory of high-quality, preowned vehicles 24/7.
  • Secure your financing through UW Credit Union right on the Carvana website.
  • Carvana will send your purchase contract directly to us, you can then close and sign your papers with UW Credit Union.
  • Have your vehicle delivered directly to your doorstep or to a Carvana vending machine near you.

Lease Buyouts

When purchasing your leased vehicle:

  • Contact your leasing company to obtain and provide UW Credit Union with a copy of the full Lease Buyout Packet or Purchase Agreement (if the lease closing is at a dealership).
  • Provide the dealership with UW Credit Union’s lienholder information (if the lease closing is at a dealership):

UW Credit Union
P.O. Box 44963
Madison, WI 53744-4963
Phone: 608-232-5000
Fax: 608-236-2981
Secured Party No: 005805

 


 

How to Send Documents

There are several ways to provide any required documents to UW Credit Union:

  • Email your lender – it’s the easiest and most direct way to provide documents
  • Fax documents to us at 608-236-2981
  • Email documents to us at lendingcenter@uwcu.org  
  • Bring documents to your nearest branch

Once you have submitted required documents, we will contact you to go over the final details and set up a closing method for you to sign your loan papers, either in person or via email.

 

How to Make Payments

We offer several easy ways to make your vehicle loan payment online:

You may also make payments in branch, by mail or by phone.

Some payment types may take longer to process, so please plan ahead. Learn more.

 


 

Additional Benefits

We offer valuable protection products for your vehicle to help you save money and enjoy peace of mind. Speak with your loan officer to learn more.

Vehicle Repair Coverage1

Vehicle Repair covers the cost of minor and major repairs to your vehicle with a deductible as low as $0. Plus, every plan comes with 24-hour emergency roadside assistance, rental and travel reimbursements, paintless dent repair and windshield repair.

Try it with no risk—if you decide to cancel within the first 60 days, you’ll receive a full refund.

Learn More


GAP Coverage2

Because your vehicle depreciates, its value could be less than what you owe on your loan. GAP covers the difference between what you owe on your loan and what your insurance will pay in the event your vehicle is stolen or damaged beyond repair.

GAP can be added to your loan at any time and is refundable if cancelled within the first 60 days.

Learn More