Auto loan rates continue slow decline as Fed cuts set in (Big Wheels)
Average national rates fall just below 7.8%
Auto loan rates for both new and used vehicles declined year over year in January, driven by the gradual impact of three consecutive rate cuts at the end of 2024. The national average interest rate for a 60-month new-vehicle loan was 7.79% as of Jan. 20, down 26 basis points (bps) year over year compared […]
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