Auto Loan Forecast 2025. The average new car loan rate now sits at 9.58% — “the highest we’ve seen for more than 20 years.”. The fed raised rates through much of 2025, keeping auto loan rates high.
Compare the best auto loan rates from top lenders to maximize your savings on your next new or used car loan. Average auto loan rates for bad credit;.
The Fed Raised Rates Through Much Of 2025, Keeping Auto Loan Rates High.
The average car payment for new vehicles was $726 in the third quarter of 2025, a 3.6% increase from the third quarter of 2022.
Finance Reported That While The Majority Of Economists Think The Federal Open Market Committee (Fomc) Could Begin To Cut The Rate In 2025, Auto Loan Rates.
The federal reserve has stated that rates will remain near current levels through at least the first half of 2025.
However, Unemployment Will Remain Low Enough To Support A Healthy Auto Industry.
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The Fed Raised Rates Through Much Of 2025, Keeping Auto Loan Rates High.
Meanwhile, wage growth may cool in 2025 but will stay above average.
Average Auto Loan Rates For Excellent Credit;
The average used car loan rate sits higher at 13.98%.
Auto Loan Rates Typically Range From 3% To 20%, Which Is Lower Than Other Loan Types, Such As Personal Loans, Which Can Reach Up To 36%.