Will Interest Rates On Cars Go Down In 2025 . Ultimately down the road, smoke said, consumers can look forward to auto loan rates that are 2.5 percentage points to 3 percentage points lower on new car loans. When interest rates go down, borrowing becomes cheaper, and that can increase your purchasing power.
Bankrate experts believe the fed will continue cutting rates through early 2025. Your credit score has a big influence on the interest rates youโll see when obtaining an auto loan.
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Will Interest Rates Go Down in 2025? , According to data from experian, the average loan amount for new cars in the first half of 2024 was $40,927 and the average interest rate is a little less than 7%.
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