If people on Earth could only travel in deep space, you'd probably see a lot of traffic jams, Bill Borucki, NASA's chief Kepler scientist, joked Monday. The Kepler telescope peered at 42,000 stars, examining just a tiny slice of our galaxy to see how many planets like Earth are out there. Scientists then extrapolated that figure to the rest of the galaxy, which has hundreds of billions of stars.
Quick Answer. Interest rates of 4 percent or lower can be considered good rates on a new car loan, as of 2015. Interest rates on car loans fluctuate considerably with market interest rates, the borrower's credit score, the repayment term of the loan and whether the car is new or used. Continue Reading.
If you think rates of 25% APR are high, imagine rates of 250%. Keep in mind that a monthly interest rate of 25% equals 300% APR. If you're paying $400 a month interest only on a $3,000 loan, after 7 months you will have paid $2,800, which is almost the principle balance, while still owing the full, original $3,000. Read the fine print and think carefully before attempting to get any kind of car title loan. The high interest rates are not worth, and in most cases, you would be better off getting a loan from a friend or family member.