Will Interest Rates Go Down In 2024 For Cars

Will Interest Rates Go Down In 2024 For Cars. Earlier this week, the fed announced it was leaving the current federal funds rate, which helps set interest rates for loans throughout the economy, unchanged at 5.25% to 5.5%. Cash will remain king in 2024.


Will Interest Rates Go Down In 2024 For Cars

A key driver in the 2024 car market is the elevated interest rates, now hovering around 10% for new cars and exceeding 14% for used vehicles. New car prices will likely fall in 2024.

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