Will Auto Interest Rates Go Down In 2025 In Nj . 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 The next Fed meeting, set for December 17, 2024, could.
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Auto Loan Rates Aren't Expected to Go Down This Year This is largely due to the Federal Reserve's decision to slash its federal funds rate three times in the final months.
Will Mortgage Interest Rates Go Down In 2025 If I Harlow Osborne "The average rate on new-vehicle auto loans will likely end up between 7.5% and 8% at that point, which is what we saw in 2019 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% The average used loan rate will likely be around 10% to 10.5%.
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