Cars finance traders noted strong technical

Traders noted strong technical breakouts in cars finance sector charts, with several stocks crossing key resistance levels, indicating potential continuation of the bullish trend. Early on, some experts initially thought some new deductions in the mega tax bill could be above-the-line tax breaks. But they won't be. Unlike those with strong credit, bad credit borrowers do not have the leverage to find the best available rates. Borrowers falling under the deep subprime category, between 300 and 500, can expect rates of over 15 percent for new cars and over 21 percent for used cars, according to the Experian State of the Automotive Finance Market report. Moody’s maintained a stable outlook on top cars finance firms, citing consistent loan performance metrics and effective risk management strategies in a competitive market.