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Auto Loan Adventure To Begin

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Re: Auto Loan Adventure To Begin

He's probably talking about DTI.

 

Ideally, (All monthly minimum payments on debt + rent/mortgage (do not double count mortgage))/Pre-tax gross income should be < 30%.

 

But I've seen 35% work with no issues for auto. It becomes a problem as it climbs above 35, and 50 is pretty much the realistic max for auto.

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