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Mercantile Vehicle Loans

You've been thinking about the right car but have you thought about the right loan?

Whether you want a brand new car or truck or a used one that is new to you, Mercantile Bank can help you go from "in the bank" to "on the road" in as little as 60 minutes!  We offer competitive financing, a quick and easy application process, and great service.

Get Your Auto Loan in 3 Easy Steps:

  • Apply at any Mercantile location or online
  • Get approved in as little as one hour*
  • Head to the dealer and drive away in your new vehicle

Use the Auto Loan Calculator to estimate your monthly payments or call or visit any Mercantile location to learn more and to apply today.

*Loan applications are reviewed by our lending professionals, not an automated system. Applications may be approved in as little as one hour when completed application is received during business hours.

Rate Special

Auto Rate Special with Rates as low as 4.25% APR*

*Annual Percentage Rate effective 10/17/18 for new auto loans to qualified borrowers with credit scores of 775+.  Up to 72 months financing available on 2016 model year and newer with a maximum mileage of 75,000. Offer does not apply to ATV, Boat, or RV loans.  This is a limited time offer and may be withdrawn at any time.  Other rates and terms available.

Current Auto Loan Rates

Year Term APR**
2019-2018 60-66 4.65%
  72 4.75%
2017-2016 60-66 4.75%
  72 5.00%
2015-2014 60 5.00%
  66 5.50%
2013-2012 48 5.25%
2011-2010 48 5.75%
2009 & Older 36 6.25%


**Annual Percentage Rate is effective 10/17/18 for new loans to qualified borrowers with credit scores of 740+ Trans Union.  Other rates and terms available.  Refinances do not qualify. Rates and terms may change without further notice. Retail customers only.