- Apply for an Auto Loan
FirstMerit offers to its users a calculator to help you determine your monthly car loan payment or purchase price. Enter your current information, calculate and analyze the graphs. You can change down payment amount and loan term to see how they can impact your monthly payment.
Auto Calculator
- Standard Auto Loan Calculator
Fill in with the information bellow and see the results by clicking on ‘Calculate’:
Car Financing
- Start by choosing the type of calculation between Monthly Payment or Purchase Price
- Total Purchase Price (sales tax will be automatically calculated)
- Loan Term
- Interest Rate
Down Payment
- Rebates and Cash Down
- Trade Allowance
- Amount Owed on Trade
Taxes and Fees
- Fees (non taxable)
- Fees (taxable)
- Sales tax rate (%)
The calculator is the same as the image above, notice that you can click on your spacebar in order to view the full report with graphics and the whole amortization schedule.
- Auto Loan vs Home Equity Loan
Enter the following;
- Total Purchase Price Before Tax
- Term in Months
- Auto Loan Interest Rate (%)
- Home Equity Interest Rate (%)
- Home Equity Closing Costs
- Federal Tax Rate
- State Tax Rate
After entering the applicant will be instructed to write the downpayment and the taxes/fees. A chart will pop-up with any savings and/or waste.
How to Apply
There are three (3) ways to apply;
- Via Telephone – 800-416-3748
- Online – Apply Here
- FirstMerit Branch – Find Locations
Applying Online
Step 1 – Go to This WebPage
Auto Loan Application Page
The following must be entered about the applicant;
About the Loan
- Amount
- Type
- Description
About Yourself
- First Name
- Middle Initial
- Last Name
- Jr/Sr
- Street
- Apt #
- City
- State
- Zip Code
- Date of Birth (DOB)
- Social Security Number (SSN)
- Contact Phone
About Your Income
- Source of Income
- Current Employer
- Years with Employer
- Position or Title
- Street
- City
- State
- Zip Code
- Work Phone
- Gross Monthly Income
- Other Income
- Other Sources of Income
Previous Employer
- Previous Employer
- Years at Job
- Street Address
- City
- State
- Zip Code
Click the Next button on the bottom of the page and you will be brought to the residency page which will verify that you are located in an area that FirstMerit serves. Once complete the loan review will take anywhere from 24 hours to 5 days to complete.