This is a great question, however the answer is unique for each client that applies through Finance District.
When working with our banking partners the way we're able to estimate how much money our clients can borrow for their car loan by looking at the following:
- Income - how much money do you make on a regular basis
- Expenses - of your total income, how much money do you have left over
- Credit score - then we look at your credit score
- Car value - what's the value of the car your wanting to purchase
It's a combination of each of the above elements that define how much each client can borrow to purchase their next car.