If you have cash or money in the bank or even under your mattress , you can get a car.
Yes, there is a relationship between income and the value of the car someone owns. Typically, higher income individuals tend to own more expensive and higher value cars, while lower income individuals may own less expensive vehicles. This relationship is influenced by various factors such as affordability, lifestyle choices, and financial priorities.
The Minimum income level to get a car loan in Detroit,Michigan for used or new car is $2000
No.
income
A car dealers net income is the amount of money he makes after all expenses, bills and taxes have been paid.
If you are not making the required payments to the finance company that holds the lean on you car it may be repossessed. Proof of income is not required or relevant.
Yes. However, the interest payout is not income, so you don't have to pay income tax on it.
Legally he has to pay income tax on the net profit from the sale. It is income and therefore is taxable.
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No. You own the car which is now a used car. Did the dealer put a gun to your head?If you had no income, why did you buy a new car? With no income you should not have even been looking at new cars. But you did, and bought one. Now you either pay for it, or have it repossessed and ruin your credit for 7 years.
5.3Million PHP
Depends upon your debit, to income ratio, but, yes. It is possible.