Are Car Loan Rates Going To Go Down In 2024 Today. New car prices will likely fall in 2024. 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 rather than go down.

Will car prices drop in 2024? Other factors to consider are your creditworthiness, which will ultimately determine what rate you can qualify for, as well as the closing costs, which typically run 2% to 6% of your loan amount.