The average value of a car title loan from LoanMart on a Hyundai Sonata with around 105,159 miles on it comes to $39951. The average mileage and average loan amounts for Hyundai Sonatas from 2004 through 2016 can be seen below. It can help you estimate the amount of money you may be able to get for your car title loan with LoanMart1:
|Make||Model||Year||Avg. Mileage||Avg. Loan|
Looking at the average loan amounts, you can see that newer cars typically can net borrowers larger loans1.
First released in 1985, the Hyundai Sonata was originally only sold in South Korea. It wasn’t until the second generation, produced in 1988, that they began exporting them to the U.S. The Hyundai Sonata has been called the most reliable car that you can buy and boasts some of the lowest repair costs and repair frequencies around. Many consumers were drawn to the Sonata’s history of reliability and low maintenance costs. If you’re one such person, and you’ve found yourself holding an unexpected expense, there’s no need to consider selling your car to pay for it.
LoanMart may be able to help you cover your unanticipated bill with a car title loan on your Hyundai Sonata1. The more equity in your car and the higher your monthly income, the more money LoanMart may be able to lend you1. Unlike unsecured loans and payday loans, car title loans are secured by your car title.
Don’t worry though, unlike other loans, car title loans use your car title as collateral and you can continue to drive your car, just like before you had your loan—just make sure to stay on top of your monthly payments.
A car title loan, because it is secured, offers a number of advantages over unsecured loans. For example, you can often get a better interest rate and more money with a secured loan1. This is because the borrower promises to give the lender their collateral if they fail to pay their loan back. Reputable lenders only use repossession as a last resort. A company like LoanMart works with borrowers to ensure that the loan they receive shouldn’t be more than they can afford to pay back.
You may be eligible for a car title loan of up to$30,000 if you have a car with a qualifying car title in your name1. LoanMart’s streamlined process means that you may be able to get your car title loan money in as little as one business day after completing your application3. Sign up online, at a local participating store, or call toll-free at 1-877-787-4923.