How can I determine the "loan value" on a used car?

[Anonymous]

When purchasing a used car, what are the factors a lender uses to determine the loan Value? I will be financing through my local credit union. Just wondering, do they use NADA or KBB?

[Anonymous]

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@Anonymous wrote:
When purchasing a used car, what are the factors a lender uses to determine the loan Value? I will be financing through my local credit union. Just wondering, do they use NADA or KBB?

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They usually use the black book for used cars. Then add percentages for other values.

[Anonymous]

Do you mean Loan-to-vaiue (LTV)?  It has been my experience that while a dealer will use the Black Book to determine wholesale values for vehicle trade-ins, lenders will use NADA trade-in value (of the vehicle to be purchased) to determine LTV. 

[LS1]

Do you have a particular vehicle in mind?  You can always call your CU and see if they can give you the value of the vehicle.  I called PSECU yesterday to check on a vehicle and they were able to tell me what they found the value to be.