Auto Loan Refinance
Car loan refinancing
Refinance your vehicle and take the wheel.
Refinancing a car can help you save money by lowering your interest rate, decreasing your monthly payment or allowing you to pay off your car loan sooner. At Commerce you can refinance at no cost — with no fees at loan closing.
Auto Loan Refinance Rates*
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
Benefits of refinancing with Commerce Bank
- Lower your monthly payment, either with a lower interest rate or extended term.2
- Borrow more money using your vehicle’s equity.
- No loan fees.
Auto Loan Refinance FAQs
Can I refinance my existing auto loan?
What are the benefits of refinancing?
What qualifies me to refinance my car?
- Your credit history (FICO® Score)
- Your ability to repay
- The value of your vehicle
If I refinance, can I get additional cash?
Do you refinance classic cars?
Disclosures:
- 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 six model years. Higher rates may apply to collateral seven or more years old. Must be 18 years or older to apply. Subject to credit approval.
- Rate discounts cannot be combined with any other offer. Mortgages, and dealer loans and refinances of Commerce Bank 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.
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FICO® is a registered trademark of Fair Isaac Corporation in the United States and other countries.
Commerce Bank and Fair Isaac are not credit repair organizations as defined under federal and state law, including the Credit Repair Organizations Act. Commerce Bank and Fair Isaac do not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating.
