Step 2

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
New 2009-2010	60 month	4.99%

Used (2008)	60 month	5.24%

Used (2007)	60 month	5.50%

Used (2006)	54 months	5.75%

Used (2005)	48 months	6.00%

Used (2004)	48 months	6.25%

Used (2003)	42 months	6.50%

Used (2002 or Older)	36 months	7.50%

* 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 19, 2010. These rates and terms are subject to change without notice. For current information, call (217) 223-7383.

For more financial calculators, click here.

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All or some of the products, terms, rates and/or special offers on this page may be location specific and may not be available in every market. Please contact us or visit your local Mercantile office for details.

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