Vehicle Loans

You can use a Best Reward vehicle loan to buy a wide range of new and used vehicles, including cars, RVs, motorcycles, ATVs, boats, and jet skis. Just be sure to choose the right loan type for your vehicle.

All of our loans come with competitive rates and newer vehicles get lower rates.

Buying out your car lease means you'll eventually own your car outright and won't have to make any more monthly payments. You can use our handy comparison chart to decide if buying a car is better than leasing one in your situation.

You may also be wondering if now is the right time to buy out your lease. The answer is likely yes! This is because the residual value locked in your lease agreement may be significantly lower than the current market value of the car, so you can save money.

Guaranteed Asset Protection (GAP) insurance covers you in the event that your car is wrecked when you still owe money on your vehicle loan – and your car insurance doesn't cover the full amount. GAP insurance will fill the "gap" between your insurance and loan.

Here's an example of how it works:

• Let's say you have an accident and you write your car off.
• You owe $20,000 on your vehicle loan and your insurance company agrees to pay only $15,000.
• Without GAP insurance, you would still owe $5,000.
• With GAP insurance, that $5,000 is covered.
• Plus, you get $1,000 to go towards your next vehicle loan.

The term you choose impacts your monthly payment as well as the rate you get, so it's a good idea to think carefully about which term is best for you.

• Shorter terms mean you get a lower rate, but your monthly payment is higher.
• Longer terms give you a more affordable monthly payment, but you get a higher rate and you'll pay more total interest over the life of the loan.

Managing your Best Reward vehicle loan is simple! You can use Online or Mobile Banking to make payments and check your balance anytime, anywhere.

Alternatively, you can mail payments or feel free to drop into your local branch for assistance.

Yes – the better your credit, the lower your rates! It's a good idea to find out your credit score before you apply for a vehicle loan. If needed, you can take steps to improve your credit before you take out the loan.

For example, you might consider a personal loan to pay down high-interest credit cards and consolidate any other debts.