Will Interest Rates On Cars Go Down In 2025. But our chief economist says the move could take weeks, or months, to affect car loan rates. Interest rates for both new and used vehicles have steadily increased since the pandemic began in 2020.
Interest rates down, car transaction prices down; Bank auto loan rates showed little in the way of improvement in 2024 but expect that to rev up in 2025 as the economy motors along, banks look to spur loan demand, and the fed helps by cutting.