In preparation for the 2020 tax season, please be aware some of our customers may be receiving duplicate tax forms. The forms were prepared and sent from two different sources, so while the information is the same, the form looks different. We would like to assure everyone that the information has only been reported to the IRS once, and that it will not affect your tax obligation. You should keep one of the forms for your tax preparer and discard the duplicate.
Special financing on new and pre-owned vehicles
In the market for a new vehicle? When it comes to auto loans, F&M is your best bet. Finance your new or pre-owned ride with our no-hassle loan, and arrive at the dealership fully pre-qualified and ready to bargain. We have the competitive rates and flexible terms to help you drive away happy.
Our Winter Auto Rate Promotion starts now!
Competitive low, fixed rates
Rates available on new or used vehicles.
A wide range of terms customized to your unique situation.
Pre-qualification available for extra bargaining power at the dealership.
Use current vehicle for savings
Refinance your current vehicle to potentially lower your rate.
Local decision-making and processing
We keep it local so our bankers understand you and your business.
Top-notch customer service
Get attentive, friendly service from start to finish.
Buy vs. Lease calculator
Manufacturer's Suggested Retail Price. Do not enter the sales price; enter the MSRP provided by the vehicle manufacturer, as this correlates to depreciation value.
A good standard depreciation value is 15%. Enter 20% if you expect the vehicle's value to depreciate quickly. For a vehicle that holds its value longer than average (typically high-end luxury vehicles), enter 10%.
Any upfront fees due at signing (not including down payment).
The residual value is the amount you could buy the vehicle for at the end of the lease, if you decided you wanted to do so. The RV is set as a percentage of the original MSRP. If you have been shopping, use the RV given by the dealer. If you are only starting your search, you can use these placeholder estimates. However, the actual RV will affect your monthly payment.
36-month lease - 55%
36-month lease, luxury car - 65%
48-month lease - 50%
48-month lease, luxury car - 60%
Our calculators are for informational purposes only and are not intended to provide financial advice. All examples are hypothetical and for illustrative purposes. Although we have obtained content from sources deemed to be reliable, Farmers & Merchants State Bank and its affiliates are not responsible for any content provided by unaffiliated third parties. You may wish to consult an appropriate outside advisor about your financial situation.