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.
When to Use Annual Percentage Yield. Your car lender will often advertise a rate in terms of APR. This means the lender is not showing you the cost of compounding the interest. When you are seeking a new loan or debt, you should always calculate the annual percentage yield in order to determine a more accurate financing cost. Consider the following example. You have a $5,000 car loan with an interest rate of 2% per month over a 48 month period. APR = 12 months (.02 per month) = 2.4% APR.