eBay to Offer On-site Financing
eBay Motors announced that users can now finance and insure their eBay Motors purchases directly on the eBay Motors site. eBay's Financing Center offers a complete suite of services providing automotive buyers the ability to research, purchase, inspect, finance, insure and receive vehicles. The service now also helps vehicle sellers to cost-effectively market and move used car and truck inventories.
In 2002, nearly 300,000 vehicles were sold on eBay Motors.
"Fundamentally, buyers can bid and buy knowing there is now a simple and seamless financing option on eBay Motors," said Stephanie Tilenius, vice president and general manager of eBay Motors. "We expect this buyer benefit in turn will help dealers and individuals sell more cars and trucks on the site."