Can I Borrow Against the Value of My Ford Edge?
Yes, you can potentially borrow against the value of your Ford Edge by using your SUV as collateral for a type of secured loan called a title loan. If you are eligible for this loan option, you can typically access up to 50% of the total value of your Ford Edge.1
Although you are using your SUV’s title as collateral for the loan, you can continue to drive your vehicle throughout the repayment period. Your vehicle will remain accessible as long as you pay your loan on time each month.
To obtain approval for a title loan, you will need to meet the initial application criteria and submit the following paperwork during your application:1
- Pay Stubs, Bank Statements, or Another Document to Prove Your Ability to Make the Title Loan Payments
- Proof of Address Through a Recent Utility Bill, Credit Card Statement, or Another Qualifying Document
- A Valid Driver’s License, Passport, or Another Government-Issued Photo ID
- A Title to a Qualifying Ford Edge in Your Name
These documents can be uploaded online, or sent to a title loan agent via email / text message. Applying for a title loan serviced by LoanMart can be simple and convenient! Click here to visit the FAQ page and learn more about applying for a title loan. Or, call 855-422-7412 to speak to a LoanMart title loan agent and apply for a car title loan on your Ford Edge today!1
What is the Title Loan Value of My Ford Edge?
Looking to borrow against the value of your Ford Edge? The amount of quick funding you will be able to obtain through a title loan serviced by LoanMart on your SUV is primarily determined by the following:1 3
- The Amount of Positive Equity in Your Ford Edge
- Your Ability to Repay the Title Loan
The average loan amount for an auto title loan serviced by LoanMart on a Ford Edge is $6,126, with around 105,832 miles on the odometer. We have provided some estimated title loan amounts for different Ford Edges from the past few years in the table below:1
Make | Model | Year | Avg. Mileage | Avg. Loan |
---|---|---|---|---|
Ford | Edge | N/A | 108,700 | $5,343 |
Ford | Edge | 2007 | 154,006 | $2,153 |
Ford | Edge | 2008 | 178,403 | $2,048 |
Ford | Edge | 2009 | 158,455 | $2,768 |
Ford | Edge | 2010 | 161,724 | $2,361 |
Ford | Edge | 2011 | 149,621 | $3,184 |
Ford | Edge | 2012 | 138,163 | $3,235 |
Ford | Edge | 2013 | 125,016 | $4,025 |
Ford | Edge | 2014 | 138,060 | $4,342 |
Ford | Edge | 2015 | 99,613 | $7,199 |
Ford | Edge | 2016 | 89,305 | $6,123 |
Ford | Edge | 2017 | 73,967 | $5,675 |
Ford | Edge | 2018 | 68,635 | $8,167 |
Ford | Edge | 2019 | 60,944 | $6,089 |
Ford | Edge | 2020 | 26,647 | $5,018 |
Ford | Edge | 2022 | 7,937 | $17,758 |
This information can be used to learn more about the amount you could receive through a title loan serviced by LoanMart on your Ford Edge, but your total loan amount may not be the same as the average that is listed in the table above.1
If you are searching for a simple way to obtain a title loan quote with no obligation, you can use the title loan calculator on the LoanMart website. You will need to submit the following information about your vehicle and yourself into the calculator to learn more about the title loan value of your Ford Edge:1
- Your State of Residence
- The Make, Model, and Style of Your Vehicle
- The Number of Miles on Your SUV
By submitting this information into the online form, you can conveniently and quickly get a loan quote with no obligation today! Click here to apply for a title loan on your Ford Edge and find out if you qualify for instant pre-approval today.1 3
Does a Ford Edge Retain Its Resale Value?
Certain makes and models of cars tend to hold their value better than others over the years due to their market demand and reputation for reliability. Market demand refers to the level of consumer interest and desire to purchase a type of product, which in this case, is a specific type of vehicle. A reliable and popular SUV like the Ford Edge can potentially hold its resale value over time.
However, the specific resale value of your Ford Edge will be affected by its current age, overall condition, and the number of miles on its odometer reading. That’s why it is important to keep your vehicle in good condition and reduce the number of miles you put on it. Other factors that can impact the resale value of your vehicle include the configuration of your Ford Edge and how consumers perceive the Ford Motor Company.
Car valuation websites, such as NADA or Edmunds, can be used to learn more about the current trade-in value of your Ford Edge. Additionally, you can take your vehicle to a car dealership and get it appraised by a sales representative.
How Many Miles Does the Ford Edge Last?
The Ford Edge is a reliable SUV that typically lasts around 200,000 miles. Although every vehicle is unique, the life expectancy of your Ford Edge will usually depend on these factors:
- Your Driving Habits: Aggressive driving, rapid acceleration, or speeding will put a lot of stress on your engine and can potentially reduce the lifespan of your vehicle.
- Your Vehicle’s Maintenance History: Following Ford’s recommended maintenance schedule for your SUV can ensure that your vehicle’s engine and components are kept in optimal working condition.
- Number of Miles on Your SUV: Having a lot of miles on your vehicle’s odometer reading can negatively impact its engine health and overall trade-in value. A vehicle with high mileage will usually have a reasonable amount of wear and tear on its engine, resulting in a lower resale value.
- Your SUV’s Accident History: Even if the vehicle has been sufficiently repaired by a trustworthy mechanic, having an extensive accident history can negatively affect your Ford Edge’s resale value.
Where Can I Borrow Against the Value of My Ford Edge?
Apply for a title loan on your Ford Edge online or over the phone today!1 Simply use your smartphone, tablet, or computer to access the online title loan calculator. By filling out a short prequalification form online, you can learn more about the current value of your Ford Edge and obtain a loan quote with no obligation today!1
Dial 855-422-7412 or click here to apply for a title loan serviced by LoanMart. You can use your Ford Edge’s title to unlock the emergency cash you need today!1 3