Will Auto Loan Rates Go Down In 2024 In Usa. While it’s challenging to predict exactly what will happen with auto loan rates in 2024, several experts project that rates will likely remain the same or continue to rise. The federal reserve's period of policy tightening appears to be over, opening the door to lower borrowing costs in the year ahead.

The exact loan terms and pricing you receive will depend on your personal financial profile. As the fed’s benchmark rate falls, auto loan rates are likely to dwindle as well.