Will Car Loan Interest Rates Go Down In 2025. Will Car Interest Rates Go Down In 2025 Janaye Sherill According to Edmunds, the average new vehicle loan rate dropped to 6.6% in December 2024, down from a high of 7.6% in October 2023 What Influences Car Loan Rates? Interest rates for both new and used vehicles have steadily risen since the pandemic began in 2020, leaving many borrowers facing higher costs
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The average new car loan rate in September was 9.63%, while the average used car loan rate remained near recent highs at 13.95% Used-vehicle loan rates also declined, falling to 10.8% from 11.9% earlier.
Auto Loan Interest Rates The Key to Saving Thousands on Your Dream Car
It may take several more weeks for car loan rates to slide downward Going into 2025, new auto loan interest rates were a full percentage point lower than their peak in early 2024, and used car loan rates decreased by half a percentage point Eventually, auto loan rates will go down, but consumers will likely see better deals on new vehicle financing first.
Will New Car Interest Rates Go Down 2024 Emmi Norine. Going into 2025, new auto loan interest rates were a full percentage point lower than their peak in early 2024, and used car loan rates decreased by half a percentage point It may take several more weeks for car loan rates to slide downward
When Will Auto Loan Rates Go Down? (2024). Car loan rates went up to 7.82% from 3.86% in a few years The average new car loan rate in September was 9.63%, while the average used car loan rate remained near recent highs at 13.95%