Auto, Truck & Recreational Vehicle Financing You Can Trust
Buying a vehicle is a big moment, no matter if it’s your first car, a growing-family SUV, a work truck, or a weekend boat. At Farmers Trust and Savings Bank, we make vehicle financing simple, affordable, and stress-free.
As a family-owned Iowa bank serving Earling, Harlan, Woodbine, and surrounding southwest Iowa communities, we offer competitive vehicle loan rates, flexible terms, and personal service you won’t find at big national lenders. You’ll work with local bankers who listen, explain your options clearly, and help you choose a loan that fits your life and budget.
What Is a Vehicle Loan?
A vehicle loan lets you purchase a new or used vehicle and repay the cost over time. Your fixed monthly payments include principal, which lowers your balance, and interest, which is the cost of borrowing.
The vehicle itself is used as collateral, meaning the bank has a claim to it until the loan is paid off. Since the vehicle is used as collateral, auto loans usually have lower interest rates than credit cards or personal loans.
At Farmers Trust and Savings Bank, most vehicle loans are fixed-rate loans, so your monthly payment stays the same for the life of the loan.
Vehicles We Can Help You Finance
If it moves you—on land or water—we can likely help finance it.
We offer vehicle loans for:
- New and used cars, trucks, and SUVs
- Motorcycles and mopeds
- ATVs, UTVs, and off-road vehicles
- Boats and personal watercraft
- RVs and motor homes
- Travel trailers and campers
- Private-party or dealership purchases
Looking for something practical, fun, or a little of both? Our Iowa loan team will help you find the best financing that works for you.
Benefits of Choosing a Community Bank for Your Car Loan
When you finance through Farmers Trust and Savings Bank, your loan decision is made right here in Iowa, not sent to a distant office.
Benefits of our local bank vehicle loans include:
- Competitive interest rates
- Flexible loan terms, often from 12 to 72 months
- Local decision-making and faster approvals
- Fixed monthly payments you can count on
- Friendly, personal guidance from start to finish
- Relationship banking that supports your long-term goals
We take time to understand your situation, not just your credit score.
How Much Can I Borrow?
Vehicle loan amounts depend on several factors, including:
- Your credit history
- Your income and debts
- The type, age, and value of the vehicle.
Our Iowa bankers will walk you through the numbers, so there are no surprises.
What Affects Your Vehicle Loan Rate?
Your interest rate is based on both you and the vehicle. Common factors include:
- Credit Score: Higher scores usually qualify for lower rates
- Debt-to-Income Ratio (DTI): How much you owe compared to what you earn
- Loan Term: Shorter terms often mean lower rates
- Vehicle Age & Type: Newer vehicles usually receive better rates
- Down Payment: Can reduce your loan amount and monthly payment
Don’t worry, we explain all of this in plain language and help you explore your best options.
First-Time Auto Buyers Welcome
Buying your first vehicle? You’re not alone, and you don’t have to figure it out by yourself.
Our first-time auto buyer options are designed for young adults or borrowers with limited credit history. We focus on education, affordability, and helping you build credit the right way.
A co-signer may be an option if needed, and we’ll explain what that means before you decide.
The Vehicle Loan Process, Made Simple
Step 1: Get Pre-Qualified
We review your income, credit, and budget to estimate how much you can afford. Pre-qualifying helps you shop with confidence and strengthens your negotiating power.
Step 2: Shop for Your Vehicle
Visit a dealership or private seller, knowing your budget and loan terms.
Step 3: Finalize the Loan
We’ll ask for a few vehicle details, like the VIN and purchase price, to complete your loan. We complete the paperwork and finalize funding.
Step 4: Drive Away With Confidence
Enjoy your vehicle knowing your financing is secure, affordable, and locally supported.
What You’ll Need to Apply
To keep things moving smoothly, please bring:
- Government-issued photo ID
- Social Security Number
- Proof of income (recent pay stubs or tax returns)
- Proof of auto insurance
- Vehicle details (purchase agreement or VIN)
Already Have a Vehicle Loan? You May Be Able to Save
If your current auto loan is with another lender, refinancing with Farmers Trust and Savings Bank could help you:
- Lower your interest rate
- Reduce your monthly payment
- Pay off your loan faster
We’ll review your current loan and determine whether refinancing is a good fit for your situation.
Local Decisions. Real People. Better Experience.
- Family-owned Iowa community bank
- Three convenient locations: Earling, Harlan, and Woodbine
- Local bankers who live and work in your community
- Competitive rates with personal service
- Financing decisions made close to home
We’re not just here for this loan; we’re here for the long haul.
Let’s Get You on the Road
Whether you’re buying your first car, upgrading your ride, or financing something for work or play, Farmers Trust and Savings Bank is ready to help.
Visit a branch today to speak with a local lending expert about starting your vehicle loan process today!
