Mortgage Rate Cuts 20will Car Interest Rates Drop In 2024

Mortgage Rate Cuts 20will Car Interest Rates Drop In 2024. Even today, new car offers often. Expensive vehicles plus high interest rates make securing an affordable auto loan challenging — and rates aren’t likely to drop soon.

The average auto loan interest rate in the second quarter of 2024 was 6.84% for a new car, according to experian’s state of the automotive finance market report,. However, keep in mind that mortgage rate trends are.