My husband is going to need a new work car cause his about shot and he drives 50 miles a day to work. But we already have a car loan on my vehicle. It is our only debt of 14000 and my husband makes 45-50k depending on over time and work load. Would it be hard to get a small loan to get a little work car?
What it is a good debt to income ratio when getting another car loan?
Your debt to income ratio should be less than 30% to be comfortable. I don%26#039;t know all of your financials but that is a figure to shoot for.
Reply:no but if he drives that far every day u might think about a cheaper new car with his income it shouldnt be a problem.
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