If you’re trying to get a title loan in Missouri to fund a financial emergency, you’ll probably want to know the Missouri title loan estimates, so you can plan accordingly. With LoanMart, we base your loan value off of many different factors with funding up to $30,0001. These factors include:
- Car equity
Missouri Title Loan Estimates with LoanMart
With LoanMart, we offer title loan funding in Missouri up to $30,000 based on the equity of your car and your income1. Since a title loan uses the title of your vehicle as collateral for the loan, it’s only right that we use the market value of your vehicle as a determining factor for how much we can lend you. Your income is also used to make sure that we don’t give you too much in funding that you won’t be able to pay back the loan when the time comes.
When estimating your loan amount, we find the market value of your vehicle by using resources like the Kelly Blue Book. We enter all the information about your vehicle into the database, receiving the market value for your car. We compare it beside your income, adjusting it based on your income and budget needs.
Missouri Title Loan Estimates with Kelley Blue Book
Since the Kelley Blue Book is one of the resources we use at LoanMart to find the value of your car, you can use it to try and determine what sort of loan you’ll be able to receive from us! Keep in mind the numbers could fluctuate based on your income.
The Kelley Blue Book is a public database that uses car sales across the US and your area to see how much your car is worth using actual sales and auction prices that are analyzed and adjusted to account for seasonality and market trends.
When using Kelley Blue Book, they will ask you different questions about your car through their online prompt. You’ll first be inputing the:
- Current mileage
The next step will ask you about the specific style of your car like if it’s a hatchback or sedan, LS or LT, premier or diesel, and more. The following step will ask about the specs of your vehicle and its condition. If you have all the basic equipment that your car came with, you can choose the “Price with standard equipment” option. If you’ve had some work done or additions made, you can click the “Select your options”.
The ratings for how good of condition your car is ranges from:
- Fair – 18% of cars they value
- Good – 54% of cars they value
- Very Good – 23% of cars they value
- Excellent – 3% of cars they value
Not sure what sort of condition it’s in? They have a quiz you can take to figure that out! After that, you’ll be able to see how much your car is worth.
Missouri Title Loan Estimates on Popular Vehicles
To give you an idea of what sort of financing you can expect from LoanMart, here are some popular cars with average mileage for used vehicles and how much they’re worth.
- Toyota Highlander
With average mileage of 155,123 miles, the average loan amount is $6,039.65.
- Chevrolet Malibu
The average loan is $2,204.58 when the mileage is about 130,792.
- Nissan Sentra
When averaging the miles of Nissan Sentras, you could get $2,055.52 if it has about 136,712 miles on it.
- Ford Focus
A Ford Focus with an average of 127,359 miles gets about $1,677.73 in funding.
- Toyota 4Runner
With an average mileage of 159,542, the average funding is around $7.925.36.
- Jeep Grand Cherokee
You could get about $3,789.88 if your Jeep has about 148,351 miles on it1.
- Ford Explorer
An average Ford Explorer with about 142,561 could get about $3,284.32 in funding.
- Honda Civic
A Honda Civic in average condition with 149,311 miles on it could get $2,762.16 in title loan funds.
- Nissan Altima
If you have a Nissan Altima or similar with 149,834 miles on it, you may be able get $2,506.18 with a title loan1.
- Toyota Corolla
With about 148,573 miles on it, a Toyota Corolla could be funded $2,863.34 for a title loan.
- Honda Accord
Honda Accords with around 157,098 miles on them could get funding around $3,385.25.
- Toyota Camry
The Toyota Camry could get $3,581.99 if it has about 150,207 miles on it.
Applying for Title Loans in Missouri with LoanMart
If you’re worried about not getting the money you need because your car is worth too little, don’t worry because LoanMart wants to help1! There’s no harm in calling us, and we believe communication is extremely important when it comes to finances and lending.
Call us at our toll-free number 877-787-4923 with any questions you may have. Or, you can go ahead and fill out our online application to get started! After you submit your application, a LoanMart representative will contact you with your estimate or any questions they may have! Let us help you with the money you need1!