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Farm Bureau Bank Vehicle Loans Vehicle Loans

Take advantage of our low rates and flexible financing for new and used vehicles. The application loan process is simple and convenient. It’s always a good time to apply.

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Farm Bureau Bank offers low rates for your vehicle loan plus a Farm Bureau Member Rewards MasterCard® at the same time, if applicable. Check out our rates if you are buying a new, used or refinancing your current vehicle from another creditor.

Vehicles include: Cars, SUVs, Minivans, Trucks (350, 3500, 450, 4500) <16001 lbs

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

Guaranteed Asset Protection (GAP)

GAP eliminates or reduces "out of pocket" expenses for the remaining loan balance after a total loss or unrecoverable stolen collateral. Without GAP you would be responsible for paying the difference between the insurance settlement and the outstanding loan balance.

A one-time fee of (see chart below) 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, ATVs, 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 manufacturer-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 closing 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 total 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)



* 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: IL, KS, MI, MO, NJ, NY, OH, and WY.