"What does a 90% loan-to-value car loan mean? "

"I was approved for a 90% LTV car loan. The car I want is a 2019 Audi Q3 with 50,000 miles and a sticker price of $30,000. How much will the car loan cover and how much will I have to pay out of pocket for?

"

Answer
“According to the National Automobile Dealers Association (NADA), your Audi with 50,000 miles is worth around $28,125.00. 90% of that value is $25,312.50, which is how much the loan will cover.
If the $30,000 price you mentioned includes tax, title, and dealer fees, then you will owe around $4,687.50 at signing. “
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Johnny Puckett
Answered on May 05, 2021
Johnny Puckett is a freelance writer and automotive expert. He has contributed content to a number of some of the largest online publications, aftermarket automotive manufacturers’ sites, and automotive informational sites. His experience in the automotive and information fields informs his writing at Jerry. His automotive interests bleed into his free time, where he enjoys modifying his favorite cars and woodworking.
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