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Thread: WTB Elise: $30K
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post #28 of (permalink) Old 09-27-2007, 05:51 PM
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Join Date: Oct 2003
Location: Philadelphia
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Originally Posted by t65tampa View Post
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.
I hope no one was looking for a blessing in my post. I was simply stating the critera the bank uses regarding income to debt on a vehicle.
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