Money Summer deals on cars include 0% to 3% rates, even as Fed is expected to push rates higher July 11, 2023Susan Tompor, Detroit Free PressComments Off on Summer deals on cars include 0% to 3% rates, even as Fed is expected to push rates higher The average car loan rate was 9% for new car buyers in June but summer sales promotions bet that low rates like 0% to 3% can move 2022 and 2023 metal.