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What We Do Best

Everyone is good at something and at Dakotaland, getting you into your next set of wheels is what we do best. For over 90 years, the financing of auto vehicles for thousands of our members is what has earned us the right to say we are your local lending leader.

Designed With You In MInd

Choosing the Right Type of Loan

We have specific consumer loans designed for autos, recreational vehicles, life events, continued education, debt consolidation, home remodels, VISA credit cards and much more. The length/term of the loan, interest rate, and repayment options can differ for each of these loan types and can be customized to fit your need.

Repayment Options

It is important you are comfortable with your payment. Payroll deductions and autopay are convenient and customizable features, which allow you to format your loan repayment plan to fit. Scheduling around pay days or when other payments are due can significantly affect your monthly cash flow. Determining the frequency of your payments can also be beneficial. Monthly, bi-monthly, or weekly payments give you choices to best suite your situation.

Additional Loan Features

Taking a step beyond the loan, we offer payment protection plans in the event you are unable to make your payments, auto warranty plans to help with expenses related to repairs, and financial counseling services to advise with debt management. Aiding with the processing of vehicle titles and insurance coverage are also benefits designed to support you and the success of your new loan.


APR* AS LOW AS

5.59%

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AUTO LOAN RATES

5.59%-16.11% APR*

* annual percentage rate • Rates are subject to change without notice.

APR is determined by credit score using a tiered pricing program to allow as many members as possible to obtain financing. 
APR example using $25,000 borrowed.

View Current Rates

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hit the road

The best way to visit the car lot is with a pre-approval amount in hand. Find out your buying power - get pre-qualified for a vehicle loan from Dakotaland.

Apply for an Auto Loan Today

 

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First Time Auto Buyer

It might be your first ride, but it is definitely not our first rodeo. We specialize in auto loans and can make your experience a great one. 

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For Sale By Owner

Shopping for a 'new to you' vehicle? Don't forget to check out our list of locally owned, for sale by owner line-up.  Your best deal might be just a click away.

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new vehicle?

Did you just purchase a new vehicle? Get your vehicle loan checklist below.

Download Vehicle Checklist

calculate your auto loan

Use this calculator to determine what your monthly payment will look like
Consumer Lending

Optional Protection Services

When defense is the best offense, Daktoaland has the resources to minimize losses when life throws you a curveball. Our warranty and insurance products provide you with the protection you need against potential problems and helps create a more stable outcome when faced with unexpected expenses.

meet Our Consumer Lending Team

let our local staff help you drive away in style
Alex Vogel's Headshot

Alex Vogel

Brittany Pettigrew's Headshot

Brittany Pettigrew

Cheryl Sivertsen's Headshot

Cheryl Sivertsen

Dane Dornbusch's Headshot

Dane Dornbusch

Helen Johnson's

Helen Johnson

Katie McCaskill's Headshot

Katie Mccaskill

Alex Anderson's Headshot

Alex Anderson

Suzie Sinclair's Headshot

Suzie Sinclair

Jodi Hanson's Headshot

Jodi Hanson

Josh Snyder's Headshot

Josh Snyder

Natasha Melton's Headshot

Natasha Melton

Tawni Fuerst's Headshot

Tawnie Fuerst

Brionna Fods' Headshot

Brionna Fods

Erica Clements' Headshot

Erica Clements

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Cassie Munsen

Mike Kluth's Headshot

Mike Kluth

Barb Baus' Headshot

Barb Baus

Macy Stover's Headshot

Macy Stover

Dane Dornbusch's Headshot

Dane Dornbusch

Kevin Miller's Headshot

Kevin Miller

Angela Hunke's Headshot

Angie Hunke

Chad Stricherz's Headshot

Chad Stricherz

Sam Mooney's Headshot

Sam Mooney

Cheyann Johnson's Headshot

Cheyann Johnson

Lisa Snedeker's Headshot

Lisa Snedeker

Auto blog articles

Stricherz and Dakotaland Together Renew Commitment to Watertown

Stricherz and Dakotaland Together Renew Commitment to Watertown

Read
First Time Auto Buyer Tips – What to Know and How We Can Help

First Time Auto Buyer Tips – What to Know and How We Can Help

Read
Debt Protection: When the Unexpected Happens

Debt Protection: When the Unexpected Happens

Read

Frequently Asked Questions

you have questions, we have answers

Getting pre-approved for a loan is a smart step before you start to shop. To be pre-approved means your credit union has reviewed your financial information and offered you a specific loan amount and terms. Knowing how much you can borrow and on what terms allows you to shop for a car with a clear budget in mind.


To apply for a loan, you’ll need proof of your identity, address and income, details about your other debts, and information about the car you want to buy. Your credit union will also ask for access to your credit report.

The credit union will need to check your credit history to assess the risk of lending you money. To avoid pulling your credit multiple times and affecting your credit, your credit union will run your credit report at the time you formally apply for a loan, which will only temporarily lower your score.

The effect on your credit score is usually minor and should disappear in a few months. If you want to apply for more than one loan, doing so within a short time is a good idea. Inquiries falling within a two-week window are generally considered as a single inquiry. 


The interest rate on your loan is the total cost of borrowing money in your auto loan, expressed as a percentage of your original loan amount.  Your APR, or Annual Percentage Rate, includes both the interest rate plus any extra fees or costs, like origination fees or loan processing fees that might be rolled into the loan. Your APR gives you a better idea of the total cost of the loan.


Most auto loans fall between 36-72 months (3-6 years). While choosing a shorter loan term will let you save on interest payments, longer terms will mean lower monthly loan payments. Remember, however, that your car will lose value even as you pay off your loan. Very long loans risk having you owe more on your car than it is worth.

The 50/30/20 rule is a budgeting rule that suggests you spend 50% of your income on needs, 30% on your wants, and 20% on savings and debt repayment. For car loans, this means your car payment should fit comfortably within your 20% savings and debt repayment budget.


Making larger payments to pay off your loan early is possible and will save you a lot on interest charges. Your credit union does not charge a prepayment penalty, but some financial institutions do so to make up for the lost income from your loan. Check your agreement carefully before signing.

Common additional charges include loan application, origination, and documentation fees. Some loans also have title and registration fees. Your lender might also require credit insurance. These charges are often rolled into the overall cost of your loan. Be sure to ask your credit union for a complete list of charges on your loan.

Depending upon your credit score your credit union may require a down payment. This shows a commitment on your part to owning your car and paying down your loan. A larger down payment will also lower your interest rate or shorten your loan term.


Some credit unions offer 100% loan financing, which means they cover the entire cost of the car with no down payment required. While this can make it easier to purchase a car, some credit unions may charge a higher rate to cover the increased loan amount and risk of default.

GAP or Guaranteed Asset Protection insurance covers the difference between what you may still owe on the car and what the insurance company will cover if it’s totaled in an accident or stolen. It’s particularly useful if you owe more on your loan than the car is worth.

Yes, you can sell your car at any time, but you must still pay off the remaining loan balance. You can generally use your sale proceeds to pay off your loan or roll the balance into a new loan if you’re buying another car.


An upside-down car loan means you owe more on the loan than the car is worth. This can happen later in the loan term if the car depreciates faster than you repay what you owe. This can be a serious situation if you need to sell the car or it is totaled in an accident, as you will receive less back from a buyer or insurance than you still owe on your loan.

Yes, you can refinance your auto loan to lower your interest rate. This makes sense if your credit score has improved, or interest rates have dropped. You can choose whether to lower your interest rate or reduce your monthly payment. Be sure, however, that the cost of refinancing your loan does not offset the savings you hope to make.

After you pay off your loan, the credit union will release the lien on your car. You’ll receive the title, and the car is fully yours without any further payments. You can choose to sell your car or to keep driving to get the most value out of your vehicle. 


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Recreational Vehicle Loans

When your destination is anywhere but here, we understand how important the journey can be. At Dakotaland, your favorite recreational vehicle is closer than you think.

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Home Loans

Home is where your heart comes to rest, and nothing feels more like home than a stress-free experience. That is why it is our mission to take you on your best home buying adventure. 

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Life Event Loans

So many reasons to celebrate life and we want to make sure you don’t miss a thing. A wedding, a graduation, a new baby, or a trip of a lifetime, we can help.

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Contact Us

Have more questions regarding auto/rec loans or our additional warranty options? Let us know!