Ttl Auto
Ttl Auto

LTV question, my credit union approved me for a auto loan of 10k with 10% down?
They are only going to pay 90% of the value of the car, please give me some scenarios of how this works? I have never dealt with a credit union auto loan before, the car has to be a 2004 or newer and less than 75k miles on it, and I want a small suv, which from looking at it, this is going to be very hard! Any lets say I find a vehicle thats 7500 and the NADA guide says its only worth 6200, how does this work out in numbers, What would I have to pay, I only have 1000 for the difference VERY CONFUSED lol HELP ME PLEASE, also should I look for something that included the TTL in the 10k, og gosh my head is spinning
If you have questions, maybe you should talk to the credit union that approved your loan. Every bank’s requirements are a bit different, and I’m sure they’d be glad to sit down and explain everything to you.
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