First Financial
First Financial  
 

What is LTV and How Does it Affect Car Loans?

What is LTV and how does is affect car loans
The acronym LTV stands for Loan to Value and is defined as follows.

LTV The ratio of the Loan Amount divided by the Collateral Value

When it comes to getting approved for a car loan this value is extremely important.  Here at FundingWay.com we witness several times where car buyer was pre-approved online, but was unable to buy the car they wanted due to LTV restrictions set by the car loan lender.  When you get pre-approved online the lender sets two conditions on the loan, a Maximum LTV amount, and a Maximum monthly payment amount.

Category: Auto Loans
Comments: 5 Comments »
Rss: RSS 2.0

Comments are closed.

First Financial Facebook First Financial Twitter First Financial Linkedin First Financial Instagram First Financial Youtube First Financial Google Plus
Contact | Site Map | Privacy Policy

First Financial

First Financial ® Corporate Headquarters 2850 Womble Road Suite 100-604 San Diego, CA 92106

Client Service Center: Main: 1-800-315-7791 Fax: 1-800-215-0217 (Monday–Friday 5:00am–6:00pm Pacific or 8:00am–9:00pm Eastern)

Merchant Services / High Risk Merchant Accounts: 1-800-950-0212 Fax: 1-800-215-0217

 

First Financial® is a Federally Registered Trademark

©1994-2019 First Financial®, All Rights Reserved. All other products and company names are trademarks of their respective companies.