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. New york (ap) — the federal reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of.
New car loan rates will go down before used car loans will. Following a year of stagnant sales, automakers will have to work harder for each sale in 2025.