Bank · FDIC insured
Farmers & Merchants State Bank Auto Loan Rates
Farmers & Merchants State Bank auto loans start at 7.38% APR for a new vehicle and 7.38% for a used one. Rates checked October 16, 2026.
How Farmers & Merchants State Bank’s auto loan rates compare
Compared with banks and credit unions near Watertown, WI, where Farmers & Merchants State Bank has the most branches. New vehicle, lowest advertised APR first.
This bank’s lowest
Farmers & Merchants State Bank
7.38%APR
- Terms
- 12–60 months
Automobiles
Lowest rate
Avestar CU
5.00%APR
- Terms
- 37–60 months
2nd-lowest rate
Fort Community Credit Union
5.24%APR
- Terms
- up to 60 months
Farmers & Merchants State Bank auto loan score
61
Auto loan score
Higher than 4% of U.S. banks and credit unions
- New vehicleNew7.38%
- Used vehicleUsed7.38%
Each track runs from the highest to the lowest rate among U.S. banks and credit unions; the dot is this rate.
Where Farmers & Merchants State Bank ranks
By auto loan score, in each area where it has branches
Every rate
Current auto loan rates
Rates from the bank’s website. Most are “as low as” rates for the best credit; yours depends on your credit, the term and the vehicle.
Automobiles
Lowest mid credit score of all borrower/cosigners used to determine interest rate. LTV based on lesser of NADA average price or purchase price. Max LTV is 100% for secured notes. Borrower must pay all lien filing fees. Active employees receive a 0.25% discount off posted rate. APR based on $10,000 loan amount.
| Terms | APR | Conditions |
|---|---|---|
| 12–60 months | 7.38% | Credit score >= 760. Minimum term 1 year, maximum term 5 years (terms in excess add 0.50% for 1 year or 1.00% for 2 years). APR based on $10k loan amount. Borrower must pay all lien filing fees. |
| 12–60 months | 8.38% | Credit score 720-759. Minimum term 1 year, maximum term 5 years (terms in excess add 0.50% for 1 year or 1.00% for 2 years). APR based on $10k loan amount. Borrower must pay all lien filing fees. |
| 12–60 months | 9.38% | Credit score 670-719. Minimum term 1 year, maximum term 5 years (terms in excess add 0.50% for 1 year or 1.00% for 2 years). APR based on $10k loan amount. Borrower must pay all lien filing fees. |
| 12–60 months | 10.38% | Credit score < 670. Minimum term 1 year, maximum term 5 years (terms in excess add 0.50% for 1 year or 1.00% for 2 years). APR based on $10k loan amount. Borrower must pay all lien filing fees. |
Sources (1)
- fandmstbk.com/uploads/userfile…_01ConsumerLoanRates.pdf · captured Oct 16, 2026
Motorcycles
Lowest mid credit score of all borrower/cosigners used to determine interest rate. LTV based on lesser of NADA average price or purchase price. Max LTV is 100% for secured notes. Borrower must pay all lien filing fees. Active employees receive a 0.25% discount off posted rate. APR based on $10,000 loan amount.
| Terms | APR | Conditions |
|---|---|---|
| 12–60 months | 8.26% | Credit score >= 760. Minimum term 1 year, maximum term 5 years (terms in excess add 0.50% for 1 year or 1.00% for 2 years). APR based on $10k loan amount. Borrower must pay all lien filing fees. |
| 12–60 months | 9.26% | Credit score 720-759. Minimum term 1 year, maximum term 5 years (terms in excess add 0.50% for 1 year or 1.00% for 2 years). APR based on $10k loan amount. Borrower must pay all lien filing fees. |
| 12–60 months | 10.26% | Credit score 670-719. Minimum term 1 year, maximum term 5 years (terms in excess add 0.50% for 1 year or 1.00% for 2 years). APR based on $10k loan amount. Borrower must pay all lien filing fees. |
| 12–60 months | 11.26% | Credit score < 670. Minimum term 1 year, maximum term 5 years (terms in excess add 0.50% for 1 year or 1.00% for 2 years). APR based on $10k loan amount. Borrower must pay all lien filing fees. |
Sources (1)
- fandmstbk.com/uploads/userfile…_01ConsumerLoanRates.pdf · captured Oct 16, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.