Will Auto Loan Interest Rates Go Down 2024. The recent 50 basis point cut by the federal reserve has sparked hope for auto loan rates to go down, but the reality is that those rate reductions won’t happen overnight. Will car interest rates go down in 2024?
It’s hard to know without a crystal ball, but experts think auto loan interest rates likely won’t come down significantly anytime soon. Yes, auto loan interest rates tend to be more variable compared to mortgage rates due to the shorter loan terms and other market dynamics specific to auto financing.