Auto loan rates drop further following latest Fed cut (Big Wheels)
Average national rates hover around 7.8% to 7.9%
Auto loan rates on new and used vehicles fell year over year in December following the third consecutive rate cut from the Federal Reserve. For new vehicles, the national average interest rate on a 60-month loan was 7.83% as of Dec. 23, 2024, down 35 basis points (bps) YoY compared with data from Dec. […]
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