Auto Loan Calculator

Auto-Financing Calculator

Calculating your monthly payment has never been easier. Just fill in a few fields, using the "Tab" key on your keyboard to move from field to field. You can click on the "Choose" buttons in the rates/terms chart below to select Annual Percentage Rates and Terms or enter your own rates and terms to see how they affect the estimated monthly payment.

NOTE: This form is to be used for estimation purpose only; consult a Mercantile auto loan expert for actual values.

 

1. Enter purchase price of vehicle (then tab):

$

2. Enter the value of your trade-in (then tab):

$

3. Enter sales tax rate (then tab):

%

4. Enter any additional cash down payment and/or rebate (then tab):

$

5. Enter any balance you owe on your trade-in (then tab):

$

This is the amount you are financing:

$

6. You can either change interest rate and number of months here (then tab), or you can click on the buttons in the rate chart below.

%

Months

This is your estimated monthly payment:

$

NOTE: Click on Choose buttons for more accurate estimates.

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CURRENT AUTO LOAN RATES* AND TERMS

Year of Vehicle	Term	APR
2022 & Newer	48 months	6.50%	Choose
	60 months	6.60%	Choose
	72 months	7.00%	Choose
2021 - 2019	48 months	7.25%	Choose
	60 months	7.55%	Choose
	72 months	8.00%	Choose
2018 - 2016	36 months	8.10%	Choose
	48 months	8.35%	Choose
	60 months	8.60%	Choose
2015 - 2014	36 months	9.10%	Choose
	48 months	9.35%	Choose
2013 - 2012	36 months	9.45%	Choose
2011 & Older	36 months	10.25%	Choose

 

* These Annual Percentage Rates (APR) and terms are for estimation purposes only. Your actual rate may vary and will be based upon your credit score from a credit reporting agency. The Annual Percentage Rates and Terms were updated as of January 11, 2024. These rates and terms are subject to change without notice.

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