If you find yourself with an unanticipated expense and aren’t sure how you’ll pay for it, you may have considered trying to use your Mercedes-Benz C-Class for a car title loan. The average number of miles on a C-Class used for a car title loan from LoanMart is 91,158 and yields an average loan amount of $5,5181. See a more detailed breakdown of mileage and loan amount averages below, running from 2004 to 2015. It can help you determine how much money you might be able to get a with a car title loan from LoanMart1.
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As the age of the car decreases, you can see the average loan value generally going up.
The Mercedes-Benz C-Class was first introduced in 1993. It has always been marketed as a luxury car, and the modern iterations have been cited as having the best cabins for the price point. Many drivers have fallen in love with the car’s high level of refinement and sophistication. If you’re one of those drivers, you may never need to worry about a financial strain forcing you to downgrade.
LoanMart may be able to get you the funds you need to cover your unexpected expense by potentially using your C-Class as collateral for a car title loan1; don’t worry though, you’ll still be able to drive your car just like you did before your title loan as long as you make your monthly payments on time. Because you’ll be getting a secured loan, versus an unsecured loan like a payday loan, you may be able to get better loan terms1. For example, it’s possible you’ll be able to borrow more money at a better interest rate. This is because lenders are generally able to take on additional risk because there is a way for them to recover the money they loaned.
The amount of money you may be able to borrow from LoanMart for a car title loan depends on a few different factors1. Your monthly income helps determine how much you can afford to pay back each month. And the equity in your car helps to determine the maximum amount a lender can give you.
If you have a Mercedes-Benz C-Class with a qualifying car title in your name, you could qualify for a car title loan for up to $30,0001. Because of LoanMart’s streamlined process, you may be able to get your car title loan money in as little as a single business day3. Sign up online, call LoanMart at 1-877-787-4923 or visit a participating store today.