farmbureaubank.com | Vehicle Loans - Simple Solutions
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Farm Bureau Bank Vehicle Loans Vehicle Loans - Simple Solutions

Farm Bureau Bank has simplified the application process for vehicle loans. Get an instant response when you apply online, anytime. We offer low-rate loans for new and used vehicles and flexible refinancing. We made it so convenient, it's always a good time to apply.

 APPLY ONLINE NOW   LOAN PAYMENT CALCULATOR 

Simple Solutions

A Simple Solutions Loan from Farm Bureau Bank offers the lowest possible rate on your vehicle loan plus a revolving credit line at the same time. If you are buying a new or used vehicle or even refinancing your current vehicle from another creditor, Simple Solutions is a great way to go.

Overview
  • Up to 100% financing.
  • Convenient Payment Plans are available including annual, semiannual, quarterly and monthly at no additional cost.
  • No application fee
Loan Options
  • New vehicle purchase from dealer
  • Used vehicle purchase from dealer
  • Refinance your current vehicle
  • Vehicle lease buy-out
  • Pre-approval
Fast Pre-approval Shop with confidence and get pre-approved before you even visit the dealership. Simply complete the application and select the "Pre-approval" option.
Application Fee None

Farm Bureau Member Vehicle Loans (Rates Effective as of 04/18/2014)

Vehicle Model Years 2004-2014 Terms Excellent Credit* Needs Improvement*
24 Months 2.98% 7.48%
36 Months 2.99% 7.48%
48 Months 3.29% 7.79%
60 Months 3.27% 7.77%
72 Months 3.51% n/a
 

*Rates disclosed as Annual Percentage Rate (APR) and are based on acquiring one of the following collateral protection products: Guaranteed Asset Protection (GAP) or Major Mechanical Protection (MMP). Additional discounts do apply for purchasing more than one collateral protection product.

Non-member rates may be 1-3% higher than posted rates. Rates are subject to change without notice. Final APR may differ from the loan interest rate due to additional fees (such as a loan documentation fee) which may be applicable. For a $25,050 vehicle loan with a term of 36 months, a 45 day first payment date and a 2.99% APR, the monthly payment will be $727.72. Rate may vary based on the amount financed, term and first payment date. Depending upon credit qualification and value of vehicle, a down payment may be required. For additional disclosure information on the products click here.

Great interest rate or fat rebate?

Great interest rate or fat rebate? Our Rebate/Interest Calculator will tell you which is the better deal.


Guaranteed Asset Protection (GAP)
GAP eliminates or reduces "out of pocket" expenses for the remaining loan balance after loss settlement. Without GAP you would be responsible for paying the difference between the insurance settlement and the outstanding loan balance.

A one-time fee of $349** will provide GAP coverage for the life of your Farm Bureau Bank vehicle loan with the peace of mind.

GAP Pricing
Collateral Max Loan Balance Price
Autos & light trucks up to $100,000 $349
Motorcycles, ATV’s, golf carts, snowmobiles & jet skis up to $50,000 $349
RVs & watercraft up to $24,999
$25,000 - $49,000
$50,000 - $125,000
$649
$999
$1,399
Motor homes up to $24,999
$25,000 - $74,999
$75,000 - $125,000
$649
$1,199
$1,499

GAP claim coverage does not extend to cover amounts from payments that are delinquent, extended or skipped (Holiday Skip Program) during the term of the loan. Maximum MSRP/NADA coverage: 125%. Limit of liability: $50,000.

** The purchase price for GAP may be fully refunded within 60 days of the effective date of coverage

Major Mechanical Protection (MMP)
Major Mechanical Protection, or MMP, protects you against vehicle repair costs not covered by the standard manufacturer warranty. In most cases, this plan eliminates out-of-pocket expenses outside of your deductible. Plus, rates are typically 35% to 40% less than equivalent warranties and service contracts available elsewhere.

Because your coverage needs are unique, Farm Bureau Bank offers various options and levels of MMP. Signing up is easy – choose the right plan for you during your loan process. Avoid costly repairs now and enjoy your ride for years to come.

MAJOR MECHANICAL PROTECTION
Plans Vehicle Protection Options Plan Explanations
New &
Used
Platinum Exclusionary coverage:
Covers the cost of mechanical breakdown of manfacturer installed mechanical or electrical parts. Coverage is so extensive that the plan only names those parts that are excluded from coverage.
Gold Named parts coverage:
Covers the cost of repairs due to mechanical breakdown of manufacturer installed named mechanical or electrical parts.
Silver Named parts coverage:
Covers the cost of repairs due to mechanical breakdown of manufacturer installed named mechanical or electrical parts.
Copper Named parts coverage:
Covers the cost of repairs due to mechanical breakdown of manufacturer installed named mechanical parts.


New vehicle eligibility guidelines
  • Current and up to 4 prior model years
  • Platinum and Gold coverage up to 75,000 miles on the odometer
  • Coverage begins on application date and at "0" miles on the odometer – and continues for the number of months selected, or until number of miles selected appears on odometer, whichever comes first


Used vehicle eligibility guidelines
  • Platinum and Gold - Current + 9 prior model years
    • Platinum up to 100,000 miles on odometer
    • Gold up to 120,000 miles on odometer
  • Silver - Current + 14 prior model year
    • Silver up to 150,000 miles on odometer
  • Copper coverage - Current and up to 14 prior model years. Mileage on the odometer is unlimited. Copper coverage is limited to a maximum of $3,500 in claims. A 30 day and 1,000 mile exclusionary period will apply
  • Coverage begins on loan closing date and current odometer mileage and continues for number of months selected, or until number of miles selected has been driven, whichever comes first

Deductibles (per visit):
- Standard $100 deductible included
- $0 deductible available for a onetime charge of $250
- $50 deductible available for a onetime charge of $125
- Commercial coverage available for a one time surcharge of $300
- Special Electronics Package is available for a $200 surcharge.
- This added coverage includes coverage for:

  • GPS/Navigations Systems
  • Night Vision Systems
  • Video Components (including TV/VCR/DVD/Video Game Players)

Vehicle Loans Terms & Conditions

  • The minimum loan amount is $5,000.
  • The 72-month term is not available for loans less than $16,000.
  • Rates and financing are limited to vehicle models 2004 and newer and subject to change.
  • Existing Farm Bureau Bank vehicle loans are excluded from this offer.
  • Farm Bureau Bank does not finance totaled, rebuilt or salvaged vehicles.
  • All loans are subject to credit approval, verification, and collateral evaluation.
  • Loans for RVs, Motorcycles, Trailers, ATVs, Watercraft and Commercial Vehicles may be 1% higher than posted rates
  • Loans less than $10,000 may be .50% higher than posted rates.
  • Some restrictions may apply based upon the make and model of vehicle offered as collateral.
  • Rates are disclosed as Annual Percentage Rates.
  • Non-member rates may be 1-3% higher than posted rates.
  • If loan is paid off early, penalty may be assessed.
  • Rates are subject to change without notice.
  • Final APR may differ from the loan interest rate due to additional fees (such as a loan documentation fee) which may be applicable. For a $25,050 vehicle loan with a term of 36 months, a 45 day first payment date and a 2.99% APR, the monthly payment will be $727.72. Rate may vary based on the amount financed, term and first payment date.
  • Rate may vary based on the amount financed, term and first payment date.
  • Depending upon credit qualification and value of vehicle, a down payment may be required.



* Rates disclosed as Annual Percentage Rate (APR) and Annual Percentage Yield (APY). Farm Bureau, FB, and the FB National Logo are registered service marks owned by, and used by Farm Bureau Bank FSB under license from, the American Farm Bureau Federation. Farm Bureau Bank FSB is a service-to-member institution which provides banking services to Farm Bureau members and others in participating states. Services are not available in the following states: AL, IL, KS, MI, MO, NJ, NY, OH, and WY.


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