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Thread: WTB Elise: $30K
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post #25 of (permalink) Old 09-27-2007, 02:46 PM
t65tampa
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Join Date: May 2006
Location: Tampa, Florida
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Quote:
Originally Posted by wallabyguy View Post
All very good points.

I would add that Chase likes to hold car notes to no greater than 70% of an individuals income except for rare circumstances. Example. An individual makes $100,000.00 a year. Chase would like to see the vehicle note not exceed $70,000.00.
No wonder so many Americans are sinking further and further in debt, if a company like Chase would allow somebody who makes $100,000 a year (probably only $70,000 after taxes) to go into debt up to $70,000 for something like a car. I can understand making a stretch to buy a home, business, or education. Going into big debt to buy a depreciating car is not very wise. Just my opinion.

Dean
2006 Pontiac GTO
2006 Infiniti G35
2008 M-B C63 AMG
2002 Honda S2000
1997 BMW 318 iC
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