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How do I calculate my monthly income when applying for a car loan?

Asked by freckles (363points) February 5th, 2010

I am applying for my first car loan. And my income has recently changed. I work at my school, and I bumped my hours way up this semester. So for the past few months my income has been lower than it is now. Do I put this month’s monthly income in the application, or do I have to average it or something? Thanks for your advice it is much appreciated.

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