Did you know that a car title loan might be just what you need to cover an unexpected expense? The average car title loan value from LoanMart for a BMW 5-Series with 122,803.24 miles on the odometer is $3,782.121. For a more-detailed breakdown of average car title loan amounts and average mileages, check out the chart below. You can use it to help estimate how much you might be able to get for a car title loan from LoanMart1.
|Make||Model||Year||Avg. Mileage||Avg. Loan|
As you may notice, cars that are newer tend to be worth larger car title loans1.
The BMW 5-Series was introduced in 1972 and is the second-best selling BMW model, having sold over 5 million units by January 2008. The 5-Series combines adroit handling and a powerful engine with a comfortable interior and a smooth ride. It also offers drivers great fuel economy and a long list of safety features. If you’re a 5-Series enthusiast, you may never have to worry about selling your ride to pay for an unexpected expense.
You may be able to use your BMW 5-Series car title as collateral for a car title loan from LoanMart1. Don’t worry though, it won’t impact your ability to drive your car; that stays exactly the same when you stay on top of your monthly installments. The amount of money you may be able to borrow depends on a few different factors. An important factor is the equity in your car. Another factor is your monthly income which shows the ability to repay the loan.
Using your car as collateral for a car title loan makes it a secured loan. Secured loans typically provide borrowers with a number of advantages over unsecured loans like payday loans. Because lenders have a way to recover their money if borrowers default on their loan, they are sometimes able to give out larger sums of money at lower interest rates. Be careful though, borrowers who default on their secured loans run the risk of losing their collateral.
If you need help covering an unexpected expense, using your BMW 5-Series for a car title loan from LoanMart might be just what you need. If you have a qualifying car title in your name, you may be eligible for a car title loan of up to $30,0001. You can take advantage of LoanMart’s streamlined application process to receive your car title loan money in as little as one business day3. Visit a participating store, sign up online, or call 1-877-787-4923 today.