Understanding Your Collateral Risk - Used Car Values
• 20% of new car loans and 22% of used car loans between 620-660 have a current LTV over 120% • For used car loans, 20% of the current 140%+ LTVs are in FICOs 700 and above • Only 29% of all Sub-620 FICOs are on loans with LTVs over 120% • For new cars … ................
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