Originally Posted by
jay2
USMCFLYR
Well back when I was a young PFC back in “beautiful 29 Palms” I applied for a car loan from my local credit union back in Michigan They wanted to know what I made and they wanted to know what I made per hour based on a 40 hour work week. I told them that is not how I was paid but I still had to break it down for them. As for a real estate agent I would think they would go by last year’s W-2.
I’m not trying to dramatize just try to make a comparison to a person that works full time and gets paid by the hour.
By the way a 1999 PFC made$ 13524/52=260/40=$6.50
Originally Posted by
JamesNoBrakes
This has been my experience any time I've bought a car.
Then you and I have had different experiences with buying cars (or anything else on loan) then because I have never been asked to breakdown my SALARY into a per hour wage (which is the difference between a SALARY AND PER HOUR WAGE EARNER), even before the military. At most they want to know my weekly take home.
Jay2 - did you also explain to the loan officer that you did not work 40 work weeks? I think 60 HR work week would be more average and that is in garrison, we won't even hit on the deployed time I mentioned in my first post. I mean if they just want a numbers game and fit a square peg in a round hole. As far as GLA hourly pay goes, it is already broken up that way. Didn't someone else post earlier around $16/HR?
USMCFLYR