Will Interest Rates Go Down In 2024 For Cars. The average rate for a new car buyer with deep subprime credit was 15.62% as of the first quarter of 2024, according to experian data. While rates could come down in 2024, it's fair to say that auto loans won't exactly be cheap as a result.
But that average drops to 5.38% for. New car prices in march 2024 were still over 15 percent higher than they were in march 2021, according to kelley blue book.