A car’s loan-to-value ratio, or LTV, is the amount you want to borrow divided by the value of the car you want to buy. Because auto loans are secured — the vehicle serves as collateral — the LTV is a way for lenders to measure how much risk they are taking when approving your loan….
The article Car Loan-to-Value Ratio Explained: Why LTV Matters originally appeared on NerdWallet.
