60% Down for a Used Car Loan Now — Is the LTV Cap Protecting Buyers or Locking Them Out?

CBSL tightened loan-to-value limits on vehicle financing this year — new vehicles are now capped at around 40% financing, and vehicles over a year old at around 60%. That means a used Alto or Wagon R that once needed a 30-40% down payment can now need 50-60% in cash before any leasing company signs you up. CBSL says this protects the financial system from a credit bubble built on vehicle and gold-backed loans, and it has separately warned finance companies about inflated vehicle valuations being used to dodge the cap. Buyers say the rule just pushes ordinary people out of car ownership entirely, while people who already had savings barely feel it — the ones who needed the loan most are the ones locked out. Dealers blame this, more than the import surcharge, for sales sliding every month since May. Did the LTV cap stop you from buying, or did you find a way around it — a bigger deposit, an informal lender, a cheaper car? How much cash did you actually have to put down for your lease or hire purchase? මෙම නීතිය නිසා ලීසිං ගන්න අමාරුද? ඔබේ අත්දැකීම කියන්න.