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Income Requirements

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Cotton_Britches
Frequent Contributor

Income Requirements

Is there a minimum you should make on your job in order to qualify for an auto loan? Not a fancy car or anthing, just something to get around in. 

“Faith is taking the first step even when you don’t see the whole staircase.”
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Revelate
Moderator Emeritus

Re: Income Requirements


@Cotton_Britches wrote:

Is there a minimum you should make on your job in order to qualify for an auto loan? Not a fancy car or anthing, just something to get around in. 


No, it's a straight DTI (debt to income) calculation to my knowledge; it's all relative compared to the size of the loan required.




        
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