Will Interest Rates Go Down In 2024 For Cars

Will Interest Rates Go Down In 2024 For Cars. All signs point to the economy avoiding a recession, interest rates coming down and new vehicle supply improving, meaning car buyers will find deals. When rates go up, car loans get more expensive, and sales and prices go down.

Back in 2022, when new car prices peaked, it was hard to predict if and when prices would soften, according to j.p. 9, 2024, banks in india are offering interest rates on new car loans as low as 8.50% and as high as 14.10%.