What does "LTV" stand for?
The loan-to-value (LTV) ratio is a tool used by lenders to represent the amount of money owed on your loan relative to the value of your vehicle. For example, if you currently have a loan for $15,000 on a vehicle that is worth $20,000, your LTV is 75%.
If you owe more than your current vehicle is worth, your LTV will need to be addressed. Clement Auto Group has decades of experience assisting car shoppers through this exact situation.