Average Auto Loan Interest Rate 2024. We reviewed 21 auto loan lenders and collected the best new, used, and refinance auto loan rates, evaluating aprs, loan types, loan terms, vehicle and borrower requirements, and other. Your loan’s interest rate is a major factor in your overall loan cost.
The average auto loan interest rate in the second quarter of 2024 was 6.84% for a new car, according to experian’s state of the automotive finance market report,. The recent 50 basis points (bps) rate cut by the us federal reserve has sparked a range of expert opinions, each weighing in on its impact on the economy,.
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