Will Interest Rates Go Down In 2024 For Cars. If car prices follow recent trends, they will likely continue to decrease into 2024. Today, the federal reserve is pushing interest rates higher to help curb inflation, which is making borrowing money for a car more expensive.
The latest consumer price index (cpi) report for march has thrown cold water on any hopes of a decrease in car loan interest rates for the remainder of 2024. The fed raised rates through much of 2023, keeping auto loan rates high.
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