In today's rapidly evolving world, wireless communication has become a pervasive force, profoundly impacting various facets of our daily lives. Wireless Vehicular Networks stand out as a captivating realm of research, with a key focus on fostering information exchange among autonomous vehicles. As researchers witness surging demand in this domain, there is a growing emphasis on devising advanced techniques to augment network performance, particularly within the context of Fifth-generation (5G) applications, such as vehicular communication. The concept of Vehicle-to-vehicle (V2V) communications is poised to play a pivotal role in the future, presenting formidable challenges for the air interface by accommodating asynchronous multiple access and high mobility. Within this dynamic landscape, security and privacy issues loom large for 5G-enabled vehicle networks, many of which remain largely unexplored. The conventional waveforms, including Orthogonal Frequency Division Multiplexing (OFDM), may fall short of meeting these evolving standards. In this paper, authors delve into a comparative exploration of two waveform families, namely Filter Bank Multicarrier (FBMC) and Universal Filtered Multi-Carrier (UFMC), concerning their design and performance trade-offs. authors also examine their compatibility with various digital modulation schemes like 4-Quadrature Amplitude Modulation (QAM), 16-QAM, Offset Quadrature Phase Shift Keying (OQPSK), and Shaped offset OQPSK (SOQPSK). Through MATLAB simulations, our research vividly demonstrates the superior performance of UFMC when juxtaposed with OFDM and FBMC, especially concerning Bit Error Rate (BER) in both Rayleigh and Nakagami fading channels. In particular, authors consider a Nakagami shape parameter of 10, which yields a remarkable minimum BER for UFMC.