New and Used Car Loans
Applying for a car loan is quicker than ever when you get started online. We offer flexible terms, competitive rates and an easy application that will
help you find the right car or truck for your needs.
Apply now for an auto loan Call 877-373-3733
Save 0.25% off your interest rate
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For having your payment automatically deducted from your Commerce checking or savings account.1
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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 for a personal loan
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 a car loan in 3 easy steps
Finalize your financing
as early as same-day
Receive loan funds
deposited into your account
Auto loan products and services:
New Car Loan
Drive off the lot with a great rate on a new ride.
Used Car Loan
Finance an automobile up to 6 years old.
Student Auto Loans
Take advantage of a special rate discount of 0.50% for post-secondary students.1
Lease Buyout
Call and ask about buyout options for your leased vehicle.
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.
Shop with confidence after you get pre-approved.
Ask your banker how applying for pre-approval 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
Auto Loan FAQs
Is it better to get a car loan from a dealer or a bank?
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.
If I refinance, can I get additional cash?
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.
Disclosures:
- 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%.
- 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.
