Will Auto Loan Rates Go Down In 2024

Auto loan rates have fluctuated a lot over the last few decades. A conventional home loan is ideal for borrowers with good or excellent credit to qualify for competitive rates.

The fed is still threatening rate increases, and if that happened auto loans rates would most likely. There is a possibility that auto finance rates will start to drop in the next year — here’s what that means for car buyers, lenders and the auto industry.