Will Auto Loans Go Down In 2024 Reddit. Auto loan rates likely won’t decrease this year In september 2024, automotive site edmunds.com listed the average car loan interest rate for august 2024 as 7.1% apr for new car loans and 11.3% apr for used.
They often have great deals available. While it’s challenging to predict exactly what will happen with auto loan rates in 2024, several experts project that rates will likely remain the same or continue to rise.