Auto Loans
New and used car loans
Find the auto financing you need and shop with confidence.
Applying for a car loan is quicker than ever when you get started online. Whether you’re looking for a new ride or one that’s new to you, we offer flexible terms, competitive rates and an easy application.
Whatever your situation, we can help you explore your options for financing the right car or truck for your needs.
Auto Loan 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
Loans for Older Cars
Find solutions designed for financing older cars (7 years or older.)
Learn More About Loans for Older CarsStudent Auto Loans
Take advantage of a special rate discount of 0.50% for post-secondary students.1
Learn More About Student Auto LoansLease Buyout Options
Call us at 877-373-3733 to discuss solutions.
Contact UsAbout Lease Buyout OptionsAuto 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
Apply online, over the
phone or at a branch
Finalize your financing
as early as same-day
Receive loan funds
deposited into your account
Shop with confidence after you get preapproved.
Ask your banker how applying for preapproval 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
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.
Auto Loan FAQs
Is it better to get a car loan from a dealer or a bank?
Does applying for a car loan hurt my credit score?
How much car can I afford and what will my payment be?
Can I finance an older vehicle? Can I finance a car over 10 years old?
If I refinance, can I get additional cash?
Can I get cash or consolidate debt using my paid-off auto?
Ideas & Tips
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.
