Will Car Interest Rates Go Down In 2024. Cox automotive notes that despite a decline in mortgage rates, auto loan rates in september have actually increased slightly. The emis you pay on the loan will vary significantly depending on the interest rate.
The fed has been hiking rates aggressively since 2022 to combat inflation, but if the economy slows down or inflation retreats, it might pivot. Cox automotive notes that despite a decline in mortgage rates, auto loan rates in september have actually increased slightly.