Will Interest Rates Be Cut In 2024 For Cars. In march 2020, these rates were 0% to 0.25% and 3.25%, respectively. The beginning of rate cuts and averting a recession will be the keys to lower auto loan rates in 2024 — at least for borrowers with strong credit profiles.

As recently as december 2023, the futures market gave march 2024 rate cuts a 77% probability of occurring. A majority of economists surveyed by reuters expect a rate cut of 0.25% at the fed’s policy meeting this month, with most predicting two more rate cuts of 0.25% at its meetings in november and.