Will Car Loan Interest Rates Go Down In 2025 In Nj. According to jonathan smoke, chief economist for kelley blue book, auto loan rates may take “several weeks or even months” to respond to the fed cut. The average used loan rate will likely be around 10% to 10.5%,”.
Following a year of stagnant sales, automakers will have to work harder for each sale in 2025. Bankrate experts believe the fed will continue cutting rates through early 2025.