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That would depend on how much money you make and how much the car costs.
The formula is: price paid for vehicle/ income.
A related question, and one possibly giving the answer desired is "what is the typical range of car price to annual income ratios".
1:2.5 is pretty average, with 1:1 and 1:6.1 the outer limits of a certain sample.
someone else wrote that 1:4 is a good ratio to aim for.
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∙ 13y ago
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Can you get a car with an open car loan already.?
Depends upon your debit, to income ratio, but, yes. It is possible.
Can you get a car with an open car loan already?
Depends upon your debit, to income ratio, but, yes. It is possible.
What is income ratio in mutul fund industries?
income ratio of a mutual fund is defined as a ratio of net investment income to its average net asset value.
How can you determine the sales tax owed on a new car?
Multiply the state income tax times the car purchase price.
Can you change your debt to income ratio?
Your debt-to-income ratio is your total monthly debt obligations divided by your total monthly income. Increase your income or lower your debt payments to have a more favorable debt-to-income ratio. How do the credit companies know your income?
Does a classic car count as income if you sell it for the price that you put into it?
No, if you make no profit on the vehicle then you had no capital gains.
Cost to income ratio?
operating expenses/operating income
Income to staff cost ratio?
staff cost to income
Is income a ratio or interval scale measurement?
Income is a ratio measure. In ratio measures, one can order categories, specify the difference between two categories, and the value of zero on the variable represents the absence of the variable. Thus, income can take on values of $0, $10, $30,000, etc. Zero dollar income means the absence of income, making income a ratio measurement.
If someone were to take over my car note still in my name would there be any type of way that my debt to income ratio not reflect the car note?
If your name will still be on the note, then your debt to income ration will still reflect on the car note. There is no way around this is you will still be a signer on the note.
For what reasons is a debt to income ratio calculator number used?
A debt to income ratio calculator is used to measure your income against your debt to see if you can afford a loan.
What car can someone with my family's income afford?
depends on the loan company and or teh price of budget cars in the area
