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What is the minimum income level to get a car loan in Detroit, Michigan?
The Minimum income level to get a car loan in Detroit,Michigan for used or new car is $2000
Can you get a car loan with no proof of income?
No.
What does lender look for when applying for car?
income
What is the car dealers net income?
A car dealers net income is the amount of money he makes after all expenses, bills and taxes have been paid.
Can your car be repossessed by the car dealership if you never gave proof of income?
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.
What is the recommended car loan to income ratio for individuals looking to finance a vehicle purchase?
The recommended car loan to income ratio for individuals looking to finance a vehicle purchase is typically around 15 to 20 of their monthly income. This means that the monthly car loan payment should not exceed 15-20 of their monthly income to ensure they can comfortably afford the loan.
Does an individual who sells a used car have to pay taxes on the money collected for the sale of the car?
Legally he has to pay income tax on the net profit from the sale. It is income and therefore is taxable.
When your car is totaled if you take that money and buy another car do you have to pay the sales tax?
Yes. However, the interest payout is not income, so you don't have to pay income tax on it.
How much monthly income must you show to a car loan lender for a 9000.000 car?
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I traded in my car for a new car through a car dealer told them i had no income coming in but the car dealer filled in the paper workcan i take the car back if it's only been not even 24 hours?
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.
What is the Annual income custom car shop?
5.3Million PHP
Is there a is relationship between income and value of car own?
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.
