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    New and Used Car Loans

    Auto Loans

    New and used car loans

    Apply Now View Rates

    Find the auto financing you need and shop with confidence.

    Applying for a car loan is quicker than ever when you get started online. Whether you’re looking for a new ride or one that’s new to you, we offer flexible terms, competitive rates and an easy application.

    Whatever your situation, we can help you explore your options for financing the right car or truck for your needs.

    Apply Now   Call 877-373-3733

    Auto Loan Rates*

    Save 0.25% off your interest rate

    • For having your payment automatically deducted from your Commerce checking or savings account.1

    • An additional 0.25% rate discount is available when $7,000 or more of the loan is refinanced from another lender.1

    Apply for an Auto Loan

    Loans for Older Cars

    Find solutions designed for financing older cars (7 years or older.)

    Learn More

    Student Auto Loans

    Take advantage of a special rate discount of 0.50% for post-secondary students.1

    Learn More

    Lease Buyout Options

    Call us at 877-373-3733 to discuss solutions.

    Contact Us

    Auto Loan Terms

    Take advantage of flexible terms — long, short or somewhere in the middle. Let’s find a financing plan that works for your unique needs.


    Get an auto loan in 3 easy steps

     Get a car loan in 3 easy steps


    #1 icon

    Apply online, over the
    phone or at a branch

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    Finalize your financing
    as early as same-day

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    Receive loan funds
    deposited into your account

     

    Shop with confidence after you get preapproved.

    Ask your banker how applying for preapproval on an auto loan can simplify your search before you visit the dealership. We’ll give you a clear picture of what you can afford with your requested loan term and amount.

    Call 877-373-3733

    Calculators

    How much vehicle can I afford?
    What would my auto payments be?
    Should I refinance my auto loan at a lower rate?
    How long until my loan is paid off?

    Questions?
    We're up to the challenge.

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    Need to refinance your vehicle? We can help.

    If you want to lower your monthly payment — either with a lower interest rate or extended term2 — we offer flexible terms at competitive rates.

    Learn More
    Call 877-373-3733
    Refinancing Calculator

    Auto Loan FAQs

    While some dealerships may have intriguing financing offers, they often come with additional dealership and loan fees. Financing through Commerce Bank is a straightforward process with no loan fees or early payoff fees. Additionally, you may qualify for an even lower payment through our vehicle loan discounts. To check the current rate discount offers and eligibility, visit our Vehicle Loans product page.
    Applying for a car loan can result in an inquiry on your credit history. However, this does not necessarily harm your credit score, as several other factors determine your credit score.
    Use our How much vehicle can I afford? calculator to find out how much money you can borrow while still meeting your budgeting goals. Additionally, use the What would my loan payments be? calculator to estimate your monthly payment.
    Yes. We finance new, used, and older vehicles. Visit the Older Car Loans page to learn more about financing vehicles 7 years old or older
    When you refinance, you may be able to get additional cash with a larger loan, depending on the amount of equity available in your vehicle. For instance, if your vehicle is worth $15,000, but you are refinancing an auto loan of $10,000, you may have $5,000 in equity available. This may allow you to increase the amount of your loan to $15,000, refinancing the $10,000 loan and giving you $5,000 in cash.
    Yes. If your automobile does not have an existing loan or lien tied to it, you can use the title as collateral for a new loan.
    More FAQs

    Ideas & Tips

    Ready for a new car? Get preapproved first.

    Getting preapproved for an auto loan is a smart first step in your car-buying journey.

    When and why to refinance your car loan.

    Ways to save money when thinking about refinancing your vehicle loan.

    Credit 101: How to build credit in college.

    Building credit takes time, learn how credit works and how to build credit history with these Credit 101 tips.

    Disclosures:
    1. Rate discount cannot be combined with any other offer and is not available on dealer loans or refinances of Commerce Bank loans. Rate discounts cannot be combined with any other offer. Mortgages and dealer loans are not eligible to receive these rate discounts. Refinancing discount is limited to one discount per new installment loan and does not apply to Commerce credit card or loan account payoffs. In order to qualify for refinancing discount, must refinance $7,000 or more of debt from another lender. Student loan discount of 0.50% cannot be combined with auto loan ACH or refinance discounts of 0.25%.
    2. Extending your loan term will increase the amount of your total finance charges.
    • Rates are subject to change. These rates are available only for new and used car, truck and motorcycle loans. Your APR will be determined based on creditworthiness, length and amount of loan, and age of collateral. For auto loans, new rates apply to the current vehicle model year or newer; used rates apply to the previous 6 model years. Higher rates may apply to collateral 7 or more years old. Must be 18 years or older to apply.
    • Subject to credit approval.
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