Will Auto Interest Rates Drop In 2024 Tamil. As canadians enter 2024, those hoping to pick up a new or used car may see similar prices to what was seen in 2023, with automotive experts saying not to expect. “last month, the average price for a new vehicle was [$47,936] — a [1.4%] dip from last year, according to the latest kbb data.
The answer comes down to your needs. The average auto loan interest rate in the first quarter of 2024 was 6.73% for new vehicles and 11.91% for used vehicles, according to experian.