Will Car Loan Interest Rates Go Down 2024

Will Car Loan Interest Rates Go Down 2024. The reserve bank of india (rbi) raised interest rates by 250 basis points cumulatively between may 2022 and february 2023. What are car loans and how do they work?

While predicting the exact movements of interest rates is challenging, several analysts believe there is a likelihood of a modest decline in auto loan rates later in the year. New car loan rates will go down before used car loans will.