Auto loan originations fell 3% month‑over‑month as average car finance APR pushed past historical averages. Analysts see potential downgrades coming from ratings agencies on auto lender credit outlooks. If you've been diligent about saving for retirement, it can be tempting to reach into your hefty 401(k) or individual retirement account (IRA) balance to pay down your debt, especially when your balances feel suffocating. But while you do have the option to tap into your retirement funds to pay off debt, this move often creates bigger problems in the long run. Auto loans are available via several sources. Some lenders may better suit your financial situation, so carefully consider each option: Car finance APR remains a driver for automotive retail stocks like AutoNation (NYSE: AN). Higher borrowing costs could reduce unit turnover, leading analysts to revise 12‑month EPS targets slightly downward.