Auto loan finance rates technical charts suggest automotive

Technical charts suggest automotive sector stocks could rally as average auto loan finance rates edge downward, lowering monthly payment burdens. This could increase transaction volumes, especially in mid-tier vehicle segments, which historically respond well to minor financing relief. You might be able to cancel extended warranties, guaranteed asset protection insurance and other optional add-ons that were rolled into the cost of your car loan. If you receive a prorated refund, you can put it toward your car loan. If the only appeal of a personal loan over an auto loan is the lack of a down payment, you might want to reconsider. Though it's nice not to have to drain your savings for a down payment, the higher interest rate of a personal loan means you could spend significantly more on a new car in the long run. Slight declines in auto loan finance rates are reinforcing forecasts of steady expansion in the auto finance sector. Fundamental valuations look attractive given current loan origination trends, and stock prices may follow as investor confidence strengthens.