It looks like you're new here. If you want to get involved, click one of these buttons!
Advice for a first time college grad
I've seen the checklist a couple of places online, and I feel confident about passing most everything, except the income to debt ratio. The only thing I'm concerned about are my student loans. Since I went to a private university, I had to finance a good portion of that on student loans, and if they're included, I'm at a debt to income ratio above 45%. If I apply for a loan through BMW using the recent college graduate program, will they take that amount into consideration when looking at my income to debt ratio? My loans will not be in repayment until January 2012, so my income to debt ratio in May (when I apply) will be around 9 or 10%, if they are not included. Other than that my credit report has no flaws.
Also, is it easier to qualify for a lease or for financing to purchase it? I really enjoy cars, so the idea of having a new one every three years is appealing. I had previously had a 2000 Mustang convertible for five years before it was totaled a few months ago, and I adored that car. However, I was definitely tired of it, and ready to move on. However, a few members of my family have expressed sentiments that I'm crazy for wanting a BMW straight out of college, and even more so for considering leasing it.