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If you are thinking about buying a new car, or refinancing your current vehicle, you may not realize that Farm Bureau Bank can be a better place to start than the dealership – even if the dealer is offering "zero percent" financing. Zero percent loans can be deceptive because when the no interest period is over, you may get stuck with a high rate that will cost you more in the long run than if you had taken a flat low rate in the beginning. Farm Bureau Bank’s Web site, which may be accessed from the OFBF Web site, www.ofbf.org, features a calculator that enables you to decide which is better: accepting a special rate or taking the dealer rebate. In most cases, the best solution is to take the dealer’s rebate and then finance at a low rate with Farm Bureau Bank – that way you get both sides of the deal.

Farm Bureau Bank offers a variety of options and benefits when it comes to vehicle loans including:

Low rates – Competitive rates and up to 100 percent financing

Internet Specials – Qualify for lower rates by applying online

1/4 Percent Discount – Lower your rate ¼ percent by automatically deducting your payments from a checking or savings account

Alternative Vehicles – Farm Bureau Bank finances cars, trucks, boats, motorcycles, RVs, and ATVs and even farm machinery – new or used

Farm Bureau Bank also offers a vehicle loan program called Simple Solutions, which offers an even lower rate if you apply for a credit card at the same time as your vehicle loan. Farm Bureau Bank Visa credit cards offer 0 percent Annual Percentage Rate (APR) for the first three months and 2.9 percent APR on balance transfers for the first five months. It’s a perfect opportunity to transfer a higher balance over and save money each month, and get an even lower rate on your vehicle loan.

For more information about vehicle loans with Farm Bureau Bank, or any other bank products, call 800-492-FARM (3276) or link to the Farm Bureau Bank Web site, via the OFBF Web site.