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.

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

CAR COST CALCULATOR

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):
(Quincy, IL rate is 6.25%)

 

%

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.

CURRENT AUTO LOAN RATES* AND TERMS

Year of Vehicle

Term

APR*

Choose Rate

2012-2015

72 months

3.19%

       

2010-2011

72 months

3.79%

 

 

 

 

2008-2009

60 months

4.19%

 

 

 

 

2006-2007

48 months

4.69%

 

 

 

 

2005 or Older

36 months

5.29%

* These are our best Annual Percentage Rates (APR). Your rate may be higher and will be based upon your credit score from a credit reporting agency. The Annual Percentage Rates and Terms are current as of July 29, 2014. These rates and terms are subject to change without notice. For current information, call (217) 223-7383.

For more financial calculators, click here.