My father is starting to need a latest work automobile means his about shot as well as he drives 50 miles a day to work. But you already have a automobile loan upon my vehicle. It is the usually debt of 14000 as well as my father creates 45-50k depending upon over time as well as work load. Would it be tough to get a tiny loan to get a small work car?
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Your debt to income ratio should be less than 30% to be comfortable. I don’t know all of your financials but that is a figure to shoot for.
no but if he drives that far every day u might think about a cheaper new car with his income it shouldnt be a problem.