Auto Loans
Commerce Bank auto loans: fees, discounts and who they suit
Commerce Bank, a Midwest bank, offers loans for new, used, older and classic cars and car-loan refinancing, for adults who prefer to borrow from a bank.
It does not print a rate range: rates appear only after you enter a ZIP code, and your APR depends on your credit, the loan's length and amount, and the car's age.
When we checked on September 30, 2026, Commerce listed no closing fees, prepayment penalties or early payoff fees, and a 0.25% rate discount for automatic payments from a Commerce account. Term lengths and a maximum amount are not published.
This is an independent guide. We are not a lender, we do not take applications, and this is not financial advice: Commerce Bank decides whether you are approved and what rate you get.
At a glance
- Lender
- Commerce Bank, Member FDIC (part of Commerce Bancshares, Inc.)
- APR range
- Not verified: Commerce shows rates only after you enter a ZIP code (checked September 30, 2026)
- Fees
- No closing fees, prepayment penalties or early payoff fees (checked September 30, 2026)
- Autopay discount
- 0.25% with automatic payment from a Commerce checking or savings account; not on dealer loans or refinances of Commerce loans
- Loan amount
- Online application minimum $7,000; maximum not published (checked September 30, 2026)
What you'll learn
- How Commerce sets your APR, and where to see its current rates
- Which cars Commerce will finance, from new models to older and classic cars
- What the 0.25% autopay discount covers and what it excludes
- What to confirm about terms, credit checks and where you live before you apply
Who it suits
- Adults who bank with Commerce or live near its branches and want a bank loan rather than dealer financing
- Buyers of an older, classic or high-mileage car that fits Commerce's collateral guidelines
- Drivers who want to refinance, buy out a lease or borrow against a car they own outright
- Students in undergraduate, graduate or technical school who need a car for their commute
Check before you decide
- No APR range is published; rates appear only after you enter a ZIP code, and older cars may get higher rates.
- The online application requires at least $7,000; term lengths and a maximum amount are not published.
- The 0.25% discount needs automatic payment from a Commerce account and excludes dealer loans and refinances of Commerce loans.
- Commerce's branches are in 11 states, and its auto loan pages do not say whether it lends elsewhere.
- Loans are subject to credit approval, and applying can add an inquiry to your credit history.
Opens the full guide on this site, with more detail and the sources we used.
Based on 8 sources. How we research our guides