If you’re holding an unexpected bill and wondering how you’ll pay for it, you might be considering a car title loan. The average mileage on a BMW 7-Series used for a car title loan with LoanMart is 102,398 miles and is worth a title loan of $5,6431. You can see a breakdown in the chart below of the average loan amounts and average mileages of BMW 7-Series used for car title loans. It can help you estimate how much you might be able to borrow through a car title loan from LoanMart1.
|Make||Model||Year||Avg. Mileage||Avg. Loan|
As you can see, newer cars tend to have a higher potential loan value1.
The BMW 7-Series is a full-sized luxury sedan first released in 1977. The many drivers who swear by the 7-Series do so because of the spacious interior, dripping with high-tech features, and great handling. It also has a gesture-controlled console. If you own a 7-Series that you couldn’t live without, there’s no need to worry about selling it to cover an unanticipated expense.
A car title loan from LoanMart might be exactly what you need to resolve your financial difficulties1. If you use your 7-Series as collateral for a car title loan, it may give you a number of advantages over something like a payday loan, (which is an unsecured loan). Frequently, lenders are able to provide borrowers with more money at a better interest rate for secured loans1. This is because lenders are able to take more risk, since there is a way for them to recover their money if the borrower defaults.
The amount of money one may be able to borrow through a car title loan from LoanMart is influenced by a number of 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.
Your BMW 7-Series title may be eligible as collateral for a car title loan if you have a qualifying car title in your own name for the car1. It can potentially help you get a car title loan of up to $30,0001. You can take advantage of LoanMart’s streamlined process and get your car title loan money in as little as a single business day3. Apply today by phone at 877-787-4923, sign up online, or visit a participating store near you.