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Finance Insurance

Consumer auto loan rates are declining

“If you borrowed money at 8 percent a year ago because that’s where you fell on the credit spectrum, well, maybe now you can borrow at 7.5 percent. The rates are coming down for everyone, not just a few.”Bob Serpentini, Serpentini Auto Group
AS
By:
Arlena Sawyers
February 10, 2020 05:00 AM

After four federal interest rate hikes in 2018 and three reductions last year, consumer auto loan rates are easing, according to analysts who track auto loan patterns and dealers committed to finding the best rates for their customers.

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