Loan to Value Ratio (LTV), Glossary and Terms, Automotive, Motorcycle, Boat Dealers

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"Loan to Value Ratio (LTV)"

The ratio of the sales price or appraised value to the loan amount. Obtained by divided price or value into loan amount. A vehicle with a $10,000 price and an $8,000 loan would have a loan-to-value ratio of 80 percent.

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