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2. How the Fed's rate cut will impact auto loans

   www.aol.com/finance/feds-rate-cut-impact-auto...

   But it will take a lot more than the single rate cut from the Fed to make a notable difference in auto loan rates. Since 2022, the higher rates have pushed the average new vehicle loan payment up ...

3. Average auto loan debt grew 5.2% in 2023. How will it affect ...

   www.aol.com/average-auto-loan-debt-grew...

   The average auto loan balance held by consumers in the United States increased 5.2% to $23,792 in 2023, according to Experian data. As in 2022, this increase was broadly based, impacting all U.S ...

4. Here's how the Fed's first rate cut in 4 years may impact ...

   www.aol.com/heres-feds-first-rate-cut-100010725.html

   The 30-year fixed-rate mortgage currently sits at about 6.29%, the lowest rate since February 2023, ... Currently, the average APR on a loan for a new car is 7.1%, and 11.3% for a used car ...

5. Fed rate cut may drive reluctant car buyers off the ... - AOL

   www.aol.com/fed-rate-cut-may-drive-143052040.html

   Edmunds found that 72% of car shoppers under the age of 44 said a Fed cut would affect their car purchase timing, compared to 57% of buyers 45 and older. Even the types of cars are affected.

6. Explainer-What does a Fed rate cut mean for American ... - AOL

   www.aol.com/news/explainer-does-fed-rate-cut...

   Other rates, for personal loans, credit cards and auto loans, are typically more closely tied to actual changes in the Fed's policy rate and should drop soon after the Fed acts, says Parthenon's ...

7. Fed to cut interest rates for first time since pandemic: What ...

   www.aol.com/news/fed-cut-interest-rates-first...

   The Fed is expected to cut interest rates for the first time since the pandemic, impacting credit cards, auto loans, ... at 25% APR will cost an average $1,250 a year in interest charges. Dropping ...