Car Financing Interest Rates 2024 Reddit

Car Financing Interest Rates 2024 Reddit. In november 2024, automotive site edmunds.com listed the average car loan interest rate for october 2024 as 7% apr for new car loans and 11.1% apr for used car loans. Interest rates remain high heading into november 2024, yet smart buyers secure zero percent financing each and every day.

Lower rates will arrive in the new. I have an 800+ credit score and the best rates i’ve found came from bank of america and credit union i’m a part of.