Auto loan rate forecast for 2024: Rates should ease for good-credit borrowers
What can drivers expect of auto loan rates in 2024?
About the author
Rebecca Betterton, a Certified Financial Education Instructor℠, is a writer for Bankrate who has been reporting on auto loans since 2021. Through her writing, Rebecca aims to provide clarity and accessibility to the automotive loans industry as the cost of financing new and used vehicles continues to climb due to steep inflation.
She specializes in assisting readers in navigating the ins and outs of securely borrowing money to purchase a car, but recently widened her scope to cover personal loans and other debt topics. Prior to her time at Bankrate, she was a social media reporter and copywriter.
When Rebecca isn’t researching recent trends in personal finance, she is an avid runner and a lover of interior design.
What can drivers expect of auto loan rates in 2024?
If you’re willing to brave the elements to car shop, you may be able to get a good deal.
CarsDirect is not a direct auto lender but rather a marketplace that presents drivers with loan options directly from its network.
While you can potentially qualify with several lenders at once, RefiJet's process is not entirely online.
Consumers Credit Union (CCU) is a membership-based credit union that offers new, used and auto refinance loans.
PNC Bank’s low-APR, no-fee personal loans are best for those interested in consolidating debt or making a large purchase.
If you prefer to do business at a brick-and-mortar bank, TD Bank could be a good fit for your personal loan needs.
RISE offers small personal loans of $300 to $5,000 and doesn’t charge origination or application fees, but its APRs can be as high as 299 percent.
Afterpay is a buy now, pay later app that has a loyalty rewards program and a 0% interest option when you pay in four installments.
Learn how to transfer a car title and what to do if the title has a lien on it.
Selling a used car with a lien can be tricky. Follow our tips to maximize your sale.
Calculate your interest payments and determine how much interest you’ll pay overall.
An auto loan allows you to borrow money from a lender in order to purchase a car.
Refinancing can help reduce interest paid, lower monthly payments or both.
It only makes sense to consolidate if you can get better rates or terms.
Buying or renting a boat depends on your wants, needs and financial situation when both options have pros and cons.