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Texas Agriculture Archive

April 18, 2003

Check out refinancing
vehicles with FB Bank

When you purchased your last vehicle did you add a few "extras" on to the standard model to make it more appealing? Did it increase the monthly cost of your loan payment by driving up the purchase price? And did you take the dealer's offer right away without shopping around for a better rate? And now, a year later, the vehicle is not so new, the parking lot dings have started to appear, and every so often you find a wild french fry on the floor; it's hard to justify the expensive monthly payments anymore.

Farm Bureau Bank has a solution; it's called refinancing. Refinancing allows you to discharge your existing high rate auto loan with a loan obtained from Farm Bureau Bank at a lower interest rate and lower your monthly payment.

The good news is…Farm Bureau Bank offers the same low rates for refinancing as they do for new auto loans. You can refinance a car that you've owned for several years, have Farm Bureau Bank buy out your lease or finance a vehicle that you have recently purchased.

Perhaps you committed to a loan because the dealer advertised "no interest" for several months, not realizing how high your payments were going to be when the "no interest" period was over. "No interest" period loans often cost more in interest over the long term because the rates (after the promotional period) are higher than if you had taken a loan with a flat rate from the beginning. Refinancing is a good option for these loans—you can take advantage of the "no interest" offer, then refinance before you end up paying out extra interest when the promotional period is finished.

And you're not limited to just vehicles—Farm Bureau Bank will also refinance motorcycles, boats, tractors and other large farm equipment. Rates on non-vehicle items vary slightly from Farm Bureau Bank's regular vehicle loan rates. It may be bad luck to change the name of your boat, but there's nothing bad about changing to a lower interest rate.

Or if you are thinking about buying a new car, but you don't want to go through the hassle of working out your loan with the dealership, you can call Farm Bureau Bank in advance and get a check to pay for your new vehicle.

Let Farm Bureau Bank refinance your vehicle and start saving money.

Call 1-800-492-3276 to speak to a vehicle loan specialist or for more information about Farm Bureau Bank products, visit our website at www.farmbureaubank.com.