Bank · FDIC insured
Farmers State Bank Auto Loan Rates
Farmers State Bank auto loans start at 6.40% APR for a new vehicle and 6.40% for a used one. Rates checked October 16, 2026.
How Farmers State Bank’s auto loan rates compare
Compared with banks and credit unions near Cedar Rapids, IA, where Farmers State Bank has the most branches. New vehicle, lowest advertised APR first.
This bank’s lowest
Farmers State Bank
6.40%APR
- Terms
- up to 60 months
- Discount
- None included
Auto Loans
Lowest rate
Collins Community Credit Union
4.14%APR
- Terms
- up to 60 months
- Discount
- None included
2nd-lowest rate
AIM Credit Union
4.54%APR
- Terms
- up to 60 months
- Discount
- Included in the rate
Farmers State Bank auto loan score
64
Auto loan score
Higher than 10% of U.S. banks and credit unions
- New vehicleNew6.40%
- Used vehicleUsed6.40%
Each track runs from the highest to the lowest rate among U.S. banks and credit unions; the dot is this rate.
Where Farmers 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.
Auto Loans
Fixed-rate, secured vehicle loans. Available for new and used vehicles as well as refinancing. Loan terms up to 72 months available based on age of collateral. Rate may be higher based on credit history. Must be at least 18 years old. Primary consideration given to customers in primary (Linn and Johnson County, IA) and secondary trade areas (contiguous Iowa counties).
| Terms | APR | Conditions |
|---|---|---|
| up to 60 months | 7.40% | Payment example of $258.58/mo based on a 60-month term for a $15,000.00 loan amount with a credit score of 700+ and a vehicle year of 2021 or newer. |
| up to 60 months | 6.40% | Payment example of $418.99/mo based on a 60-month term for a $25,000.00 loan amount with a credit score of 700+ and a vehicle year of 2021 or newer. |
Sources (2)
All captured Oct 5, 2026
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