Are Car Loan Interest Rates Going Down 2025

Are Car Loan Interest Rates Going Down 2025. Auto loan rates by credit score; The average amount that a car buyer financed rose to $42,160, and average monthly payments hit $753, according to edmunds data.

That’s made it more expensive to get a car loan, finance a business, or carry a balance on a credit card. The average rate on new car loans was 6.8 percent in november, according to edmunds, a car shopping website, down from 7.4 percent in the same month in 2023 and up.