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Fed rate cuts = cheaper auto loan rates This September and November, the Federal Reserve announced rate cuts totaling 0.75%. These rate cuts will cause the interest rates on auto loans to go down.
A good auto loan rate is generally any rate below the average for your credit profile. For drivers with excellent credit, the average rates are 5.07 percent for new cars and 7.09 percent for used ...
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 ...
The Federal Open Market Committee (FOMC) sets the benchmark rate, which impacts the rates auto lenders set. When the federal funds rate increases, financing a vehicle will likely be more expensive ...
Regardless of which loan term you choose, be sure to compare auto loan rates before signing on the dotted line to get the best possible deal on financing. ... The best air purifiers of 2025. AOL.
Buying a car is a big investment; you’ll need to think about the cost, financing options and negotiating tactics before heading to the dealership. These seven tips for buying a car can help. 7 ...