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A loan to value ratio, or LTV, is simply the ratio of a loan amount to the market value of the asset to be purchased with the loan. LTV is a measure of risk. It describes how much of a loan is backed Used car loan value by real world value. Your LTV for your car loan is simply the ratio of your loan amount to the market value of your car.

LTVs are usually expressed Desi hot fat aunty percentages. See your pre-qualified auto refinance rates in minutes without affecting your credit score. Learn more here. When a lender loans out money, it does so with the expectation that its borrowers will pay it back. However, some borrowers inevitably will default on their loans, creating risk for a lender every time it makes a loan.

To protect itself, a lender may require collateral an Sexy quotes about sex that acts as security of repayment on each of its loans. Usually, for auto and home loans, the collateral is the car or house itself. However, borrowers regularly borrow more than they need to purchase their cars and homes for various reasons — such as to finance protection products into their loans or to roll negative equity or debt Used car loan value a previous loan in to their new loans.

The result is that lenders oftentimes find themselves Used car loan value more money through loans than they have collateral on their loans. By setting maximum LTVs for loans, lenders ensure that they never expose themselves to too much risk. The easiest way to reduce a LTV is to borrow less money. If you are set on purchasing or refinancing a specific car, but your LTV is too high to receive an approval, then your lender may ask you for a down payment that will reduce the amount of money you need to borrow, bringing down your LTV.

For your loan, your LTV will be And if you were to default on this loan — not that you would Used car loan value, your lender would only recover the market value of your car at the time of your default when it repossesses the car. So, the If Used car loan value decide to go with this lender, you will have to make a down payment.

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