Auto loan rates fall following Fed rate cut (Big Wheels)
Average national rate remained under 8% as of Oct. 15
Auto loan interest rates on new and used vehicles fell year over year in October. The dip in loan rates comes after the Federal Reserve’s half-point rate cut on Sept. 18, the first since July 2023. For new vehicles, the national average interest rate on a 60-month loan was 7.86% as of Oct. 15, down 20 […]
Already subscribed? Log in
