Will Auto Loan Rates Go Down In 2024 In Usa

Will Auto Loan Rates Go Down In 2024 In Usa. Smoke expects that auto loan rates could be a quarter point to half a point lower by the end of 2024 and auto loan rates would fall be at least another quarter point by february. While rates could come down in 2024, it's fair to say that auto loans won't exactly be cheap as a result.

Borrowers falling under the deep subprime category, between 300 and 500, can expect rates over 15 percent for new and over 21 percent for used, according to experian’s second quarter of 2024. Best auto loans and financing of october 2024.