Car loans are easier to get -- but still stupid!

The Wall Street Journal is reporting (subscription required) that there is a thawing in the car loan market, which is making it easier for people to get car loans at lower rates than were available at the height of the credit crunch.

According to the Journal, "The recovery in the auto credit market is the result of various factors, analysts say. A program launched by the Federal Reserve to jump start demand for securities backed by car loans worked, and slowly allowed auto makers' finance companies to once again raise capital for new loans by selling off their old ones."