If you have an annual income of $60,000 and have a good credit score would you qualify for a $30,00 car loan?

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oh you betcha!!! with a good interest rate too!

This would depend on your debt to income ratio of course......Show more

Yes. I have a low credit score of 650, but an income about 2 times that. And I qualified for a 60k car loan....Show more

just wondering y u want a car that you will pay on for about 5 years at half your salary? Do you own your own home? I suggest you read some books on finance because if you are asking this question perhaps you have not had a lot of experience with credit...asking this question makes me wonder if you know for sure your credit is good....Show more

Probably, but it depends on how much other debt you have. If you have too many outstanding debt payments, your debt to income ratio may be too high....Show more

Unless you're carrying a lot of debt and have trouble in the past paying your bills, you're in good shape....Show more