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Here are the key findings from Bankrate’s 2024 interest rate forecast. — Greg McBride, CFA | Bankrate chief financial analyst ... while four-year used car loans could creep lower to 7.5 ...
One is that the values of vehicles being traded in are eroding faster than interest rates are dropping for auto loans, he said. ... car payment in November 2024 was $740, $15 more than November ...
Using Edmunds.com’s APR Car Loan Rates from August 2024, the auto loan rates were found for SUVs, trucks, electric cars and sedans, as well as state averages. All data was collected on and is up ...
Interest rates are not coming down as quickly as they surged. ... ending 2024 at an annual rate of 2.9 percent — roughly where it was when the ... Car loans, credit card rates and HELOCs have ...
Now, in 2024, with the Federal Reserve expected to start cutting the federal funds rates (which tends to affect other interest rates, like for car loans) is it a good idea to wait to get a new car?
For first-time car buyers, one of the most daunting parts of negotiating a good deal right now is interest rates.The average auto loan rate for someone with excellent credit is 5.25%, according to ...