Are Car Loan Rates Going To Go Down In 2024. While itโs challenging to predict exactly what will happen with auto loan rates in 2024, several experts project that rates will likely remain the same or continue to rise. Car loans can be availed at attractive interest rates starting from 8.70% p.a.
The average payment has jumped to $740 a month on loans taken out for new vehicles bought in the second quarter of 2024; Josh green, a mortgage loan officer at barrett financial group, is bullish on rate cuts.
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