Will Car Loan Interest Rates Go Down In 2025 . Will Car Interest Rates Go Down In 2025 Uk Rodrigo Cote Car loan rates went up to 7.82% from 3.86% in a few years The next Fed meeting, set for December 17, 2024, could.
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This is largely due to the Federal Reserve's decision to slash its federal funds rate three times in the final months. 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%
Will Mortgage Rates Go Down in 2025? The Answer Is Complicated 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 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 It may take several more weeks for car loan rates to slide downward
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