Will Car Loan Rates Drop In 2024
Will Car Loan Rates Drop In 2024. New car loan interest rates used car loan interest rates; As canadians enter 2024, those hoping to pick up a new or used car may see similar prices to what was seen in 2023, with automotive experts saying not to expect.
The average new car loan rate now sits at 9.58% — “the highest we’ve seen for more than 20 years.” the average used car loan rate sits higher at 13.98%. The interest rate on a loan for.