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.

 

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NOTE: Click on Choose buttons for more accurate estimates.

CURRENT AUTO LOAN RATES* AND TERMS

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

 

* 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.