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What s your car payment ratio and age?

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Old Feb 26, 2007 | 10:33 PM
  #1  
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Default What s your car payment ratio and age?

For example:
Monthlyl net income after tax: $2K
Monthly xB payment (no insurance loan only): $250

Ratio: (250/2000)*100 = 12.5%

Ratio: 12.5% Age: 22

You?
Old Feb 26, 2007 | 11:35 PM
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ratio: 12.1%
age: 39
Old Feb 27, 2007 | 12:03 AM
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not including my wife's income mine is...

ratio: 9.26%
age: 21

i got a really good deal on the box though too.
Old Feb 27, 2007 | 01:48 AM
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I've had to work hella overtime so far this year so it's down a couple of points...

Ratio: 8.22% (normally it's 10.3%)
Age: 25
Old Feb 27, 2007 | 01:54 AM
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12.62%

age 19

my payment is a little high 295 because of no down payment.
Old Feb 27, 2007 | 03:26 AM
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Hmmm my wife and I are both on the ownership combined it is :

6.4%
Age 49

If I do it just based on me it is:

10.12%
Old Feb 27, 2007 | 03:30 AM
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5.05%. Trying to pay this thing off in a year.
Old Feb 27, 2007 | 04:14 AM
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0%?
Age 18

Saved up and bought cash
Old Feb 27, 2007 | 04:19 AM
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i did ur math and it came out to 19.6%. i pay 268 a month and i make 1370 a month after taxes. plus im only able to save about $15 dollars a month for pocket money after this guy named bill comes to my apartment and takes all my money. lol.
Old Feb 27, 2007 | 04:20 AM
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his last name is payment.
Old Feb 27, 2007 | 04:25 AM
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17.55%
Age 24
Old Feb 27, 2007 | 04:26 AM
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23%

18 yr. old

$340 month (My note is actually ~$325, but I pay a little extra). I make around $1.5k/month.

I had my dad co-sign, and the only money I put down was to cover the GAP insurance and extended warranty ($2k).
Old Feb 27, 2007 | 04:31 AM
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Ratio: 18.25%
Age: 20

My payments are supposed to be $219.02 a month but I'm paying $300. Hopefully I'll have this sucker paid off soon.
Old Feb 27, 2007 | 05:51 AM
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Ratio: 14.7%
Age: 23
Old Feb 27, 2007 | 06:06 AM
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6.83% age 26, 27 on friday...is that good?
Old Feb 27, 2007 | 12:08 PM
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ratio 23.5 age 22
Old Feb 27, 2007 | 03:58 PM
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Great thank you all for replying...
I read somewhere maximum 15% is what most people feel comfortable with.

I don t have my box yet (still searching for my polar white manual in Portland, OR!) and if I can keep my insurance + payment less than 15%, I feel like I can really afford it.
Old Feb 27, 2007 | 04:41 PM
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8.2% age 28
(with Wifes income included)

12.5%
(only my income)
Old Feb 27, 2007 | 04:52 PM
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ratio: 19.45%
Age: 22

tC
Old Feb 27, 2007 | 05:05 PM
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6.66%
Age 26



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