Everyone finds themselves holding an unexpected bill from time to time. If you’re holding one right now, you might be wondering how you’ll pay for it. You might be thinking about your Mercedes-Benz M-Class. Did you know that your car might be able to help you pay for that unexpected bill? You may be able to use it for a car title loan1! The average number of miles on an M-Class used for a car title loan from LoanMart is 98,809.08 and can be worth a loan of about $9,507.261. Check out the chart below for a detailed breakdown of average mileages and loan amounts by year, from 2004 to 2015. You can use it to get an estimate of the amount of money you might be able to get for a car title loan from LoanMart1.
|Make||Model||Year||Avg. Mileage||Avg. Loan|
As you can see, as the number of miles on the car goes up, the average loan value tends to go down1.
The Mercedes-Benz M-Class is a midsize SUV released in 1998 and discontinued in 2015. Many drivers have fallen in love with its roomy, luxurious interior and smooth ride. If you’re one such driver and are worried you may have to part with your M-Class to pay a bill, LoanMart may be able to help you1.
A car title loan from LoanMart may be just what you need to cover your unanticipated expense1. You may be able to use your M-Class’s title as collateral to secure your loan. Don’t worry though, you’ll still be able to drive your car, just like before you had your car title loan as long as you make your monthly payments on time. Because car title loans are secured loans, you may be able to get better loan terms than you would with an unsecured loan, like a payday loan. You might be able to get not only more money, but also a better interest rate1. This is because car title loan lenders can typically take on more risk, since they have a recourse to recover their loan.
A few different things affect the amount of money you may be able to borrow with a car title loan from LoanMart. The equity in your car determines the maximum amount you can borrow and your monthly income will determine how much you can afford to pay back each month.
Your Mercedes-Benz M-Class may make you eligible for a car title loan from LoanMart. If you have a qualifying car title in your name, you might be able to get a car title loan for up to $30,0001. You can take advantage of LoanMart’s streamlined process to potentially receive your car title loan money in as little as a single business day3. Sign up online, call LoanMart at 877-787-4923 or visit a participating store today!