How do I calculate how much income I will needed for a loan?

[BKSinAZ]

How do I calculate how much income will be needed for a car finance loan?

Is there a calculator that banks use? I am looking at two cars, a 15,000 and a 20,000 vehicle.

I am curious what the "MINIMUM" income the banks will want me to make per year per vehicle, which ever I decide.
I will be financing for 4 or 5 years.

Sorry if this is the wrong forum

[DHK]

I'm going to say "it depends" and it mainly depends on the bank granting your credit.

Most lenders are going to look at your monthly debt payments to monthly income. If your debt-to-income ratios are more than 45% (and maybe more than 30%), it may become much harder to grant your loan request.

[Wb5896]

We say no more than 25-30% of your gross income, but DHK is wright we also look at your debt to income ratio.

[Wb5896]

We say no more than 25-30% of your gross income, but DHK is wright we also look at your debt to income ratio.

[Ravenous Wolf]

There are also ways to hide debt or to at least make it look smaller.

Often times when I list my mortgage payment, I will ask the creditor to make a notation that my wife pays for half of it (the mortgage is solely under my name) even though I pay the entire payment myself.

And even though I have 20k remaining in student loan debt, it doesn't show up on any credit reports and I don't volunteer that information either...