Auto Loans
Rates: 7 percent (60-month, new car); 7.83 percent (36-month, used car)Auto loan rates eased some this week, after jumping last week. The average rate for a 48-month, new-car loan fell 1 basis point, to 7.01 percent. The 60-month, new-car rate also slid 1 basis point, to 7 percent. The average rate for a 36-month, used-car loan fell 3 basis points, to 7.83 percent.
This week General Motors announced it is partnering with eBay to sell its vehicles online. The new site -- called gm.ebay.com -- will allow buyers to use eBay's popular "Buy it Now" feature or submit an offer for participating dealers to meet. According to a press release, GM plans to test the program in California through Sept. 8 and, if it goes well, to roll it out nationwide.
To find updated auto rates in your area, visit Bankrate's auto rate table.