Will Car Loan Interest Rates Go Down In 2025 . Will Mortgage Rates Go Down In 2025 Leo G. Thomas 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 "Auto loan rates are likely to move down slowly," Smoke said
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Eventually, auto loan rates will go down, but consumers will likely see better deals on new vehicle financing first. Expensive vehicles plus high interest rates make securing an affordable auto loan challenging — and rates aren't likely to drop soon.
Will Mortgage Interest Rates Go Down In 2025 Usa Shawn M Smith The Federal Reserve is expected to cut rates further in 2025, paving the way for slightly lower borrowing costs for consumers. 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 It may take several more weeks for car loan rates to slide downward
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When Will Auto Loan Rates Go Down? (2024) . "Auto loan rates are likely to move down slowly," Smoke said Eventually, auto loan rates will go down, but consumers will likely see better deals on new vehicle financing first.