"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 provided by
Johnny Puckett
Answered on May 05, 2021
“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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