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      01-31-2015, 10:44 PM   #13
Billfitz
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Drives: '15 328iX GT
Join Date: Jan 2015
Location: New Hampshire

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The opinion that really counts is that of the lenders. Their benchmark is generally no more than 20%, based on their desire to be sure that they'll get paid. Experience has shown them that's a safe figure.
Quote:
Average family drives a $25-35k car...base off a $25k car following this 10% rule means average family makes $250k...
That would apply if you were paying it off in one year, with no down payment.
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