As I see from the public stats, it's about the rate people get for a car loan in US. And a car could easily be above $70K. From personal experience, when I had

As I see from the public stats, it's about the rate people get for a car loan in US. And a car could easily be above $70K. From personal experience, when I had no credit history (i.e., the similar situation) I was charged twice of that rate. So it doesn't seem to be a lot.