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Question

Question Details

Asked: Nov 03, 2009 - 12:31 PM

Status: Open

wantacar1971

What is the standard payment percentage based on income?

I want to know if there is a standard of what percentage the financing industry allows one to finance a car based on his or her income. If so what is the percentage of your income you are allowed pay from?

In Buying & Selling > Car Financing
1 answer - 15 days ago

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Answers

jb_turner

Date: Nov 11, 2009
Time: 03:18 PM

Edit Answer (for another -9 minute)

Yes.. there is a "rule of thumb" percentage rate.

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