Are Car Loan Rates Going To Go Down In 2024 In Usa. While rates could come down in 2024, it's fair to say that auto loans won't exactly be cheap as a result. The average new car interest rate is now 9.95%.

The average rate on new car loans was 7.1 percent in august, according to edmunds, a car shopping website, down slightly from 7.4 percent in the same month in 2023 and up from 5.7 percent in 2022. Compare the best auto loan rates from top lenders to maximize your savings on your next new or used car loan.