Decoding Loan-to-Value Ratios for Smarter Used Car Financing
Feb 15, 2025
Mumbai (Maharashtra) [India], February 15: In the evolving landscape of used car financing, understanding the Loan-to-Value (LTV) ratio is crucial for potential buyers. The LTV ratio represents the percentage of a vehicle's value that a lender is willing to finance through a loan. Most financial institutions these days offer a high LTV ratio, ensuring borrowers can select their favourite vehicle model, without funds being an impediment.