Compare car finance rates this uptick correlates with modest

This uptick correlates with modest weakness in consumer credit growth, impacting auto sales forecasts. Traders should consider how tightening credit affects automotive equity performance. High interest rates have continued to present a challenge for buyers , with the average annual percentage rate (APR) at 7% in the third quarter – which marked the third straight quarter in which the average was at or above 7%. While we adhere to strict editorial integrity , this post may contain references to products from our partners. Here's an explanation for how we make money . Our Bankrate promise is to ensure everything we publish is objective, accurate and trustworthy. Market breadth in the auto sector is narrowing as financing costs cut into demand forecasts. Compare car finance rates spikes could shift investor interest toward electric vehicle leasing structures as a workaround.