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.
Depends upon your debit, to income ratio, but, yes. It is possible.
Depends upon your debit, to income ratio, but, yes. It is possible.
income ratio of a mutual fund is defined as a ratio of net investment income to its average net asset value.
Multiply the state income tax times the car purchase price.
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?
No, if you make no profit on the vehicle then you had no capital gains.
operating expenses/operating income
staff cost to income
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 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.
A debt to income ratio calculator is used to measure your income against your debt to see if you can afford a loan.
depends on the loan company and or teh price of budget cars in the area