What do you think youâd have to do if you found yourself holding an unexpected bill? Would you sell your Dodge Magnum to cover it? Would you start driving for a rideshare company? You may not have to do either of those things. The average value of a car title loan from LoanMart using a Dodge Magnum with 138,954 miles is $3,0561. Using the chart below, you can see a breakdown of average loan amounts and average mileages for Dodge Magnums from 2005 to 2008. It can help you estimate the value of the car title loan you can potentially get from LoanMart1.
| Make | Model | Year | Avg. Mileage | Avg. Loan |
|---|---|---|---|---|
| Dodge | Magnum | Average | 138,954 | $3,056 |
| Dodge | Magnum | 2005 | 137706 | $2779 |
| Dodge | Magnum | 2006 | 150955 | $3195 |
| Dodge | Magnum | 2007 | 138041 | $2908 |
| Dodge | Magnum | 2008 | 129112 | $3343 |
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Looking at the average loan amounts, you can see that newer cars typically can net borrowers larger loans1.
The Dodge Magnum has referred to a range of cars over the years. From 2005 to 2008 it was a station wagon, notable for having four engine options and an all-wheel drive option. After 2008, it was replaced by the Dodge Journey. If youâre one of the proud few who own a 2005 to 2008 Dodge Magnum, you shouldnât have to worry about selling your little piece of automotive history to pay for an unexpected bill.
LoanMart may be able to provide you with a car title loan on your Dodge Magnum to help you cover your unexpected expense1. Donât worry though, youâll still be able to drive your car as normal for the length of your loan when you stay on top of your monthly payments. The amount of money you may be able to borrow with your car title loan will depend on a few different things. An important factor is the equity in your car. Another factor is your monthly income which shows the ability to repay the loan.
Your car title loan, because itâs secured, gives you a number of advantages over things like payday loans, which are unsecured. This is because the collateral gives lenders a recourse by which they can recover their money. This allows them to take on additional risk. It means that borrowers can frequently borrow more money at a lower interest rate. LoanMart works to ensure that borrowers donât default by working with them throughout the car title loan process to help ensure their loan terms work with their unique financial situation.1
If you have a Dodge Magnum with a qualifying car title in your name, you may be eligible for a car title loan of up to $30,0001. Because of LoanMartâs shortened process, streamlined to reduce wait time, you may be able to get your car title loan money in as little a single business day after completing your application3. Apply today online, at a local participating store or call LoanMart at 855-422-7412.
