Quote:
Originally Posted by ImportConvert
Supposedly, this is true. However, I rarely see this being the case or being a problem. That would mean everyone who owns a new Z, the minimum income is around 60K gross. I doubt that.
I draw my limit at price of the car within 10% of annual gross income. That's just what I feel comfortable with. Then again, I just rent, and have no bills but utilities and food/gas, etc.
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I said financially sound, however as a country we are not known for taking the best financial advise
Yes, 50% is a bit generalistic, a single guy can afford much more than a married guy with a mortgage, wife and kids.