Did you know that your Toyota Matrix might be able to help you cover that unexpected expense youâre holding with a car title loan from LoanMart1? No, you wonât need to sell it, or even drive for a rideshare company. The average value of a car title loan on a Toyota Matrix with 131,023 miles on it is $3,443. You can see a detailed breakdown of average loan amounts and mileage in the chart below, for Matrixs from 2004 through 2012. It can help you estimate the amount of money you may be able to borrow from LoanMart using a car title loan1.
| Make | Model | Year | Avg. Mileage | Avg. Loan |
|---|---|---|---|---|
| Toyota | Matrix | Average | 131,023 | $3,443 |
| Toyota | Matrix | 2004 | 162,476 | $2,605 |
| Toyota | Matrix | 2005 | 150,875 | $2,893 |
| Toyota | Matrix | 2006 | 145,992 | $2,884 |
| Toyota | Matrix | 2007 | 147,528 | $3,121 |
| Toyota | Matrix | 2008 | 147,797 | $2,699 |
| Toyota | Matrix | 2009 | 104,362 | $3,295 |
| Toyota | Matrix | 2010 | 78,595 | $5,020 |
| Toyota | Matrix | 2012 | 110,556 | $5,027 |
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You may notice, cars that are newer tend to yield a higher loan value1.
The Toyota Matrix, officially called the Toyota Corolla Matrix, was first released in 2002 as a joint venture between Toyota and General Motors, (the GM version is known as the Pontiac Vibe). Taller than many other small hatchbacks, it provides both more passenger and cargo space. Itâs also easier to get in and out of. If youâre one of those people who fell in love with the roomy, economical Matrix, you shouldnât have to worry about having to sell your car to cover an unexpected expense.
LoanMart may be able to help cover the cost of your unanticipated bill by giving you a car title loan on your Matrix1. Youâll need to assemble a few different things before you submit your inquiry however. An important thing is your qualifying car title in your name. If you donât have a copy of your title, youâll need to get a new one from the Deparment of Motor Vehicles. Then youâll need proof of income, which can take the form of something like a recent paystub, or a number of other documents. Youâll also need a government-issued photo I.D. and proof of residence.
Because they are secured loans, car title loans offer a number of benefits over things like payday loans, which are unsecured. Because of the collateral, lenders are generally comfortable taking on more risk. This means they are sometimes able to give borrowers more money at a better interest rate.
If you need help covering an unexpected expense, you may be able to use your qualifying Toyota Matrix car title for a car title loan from LoanMart1. You may qualify for a car title loan of up to $30,0001. Â Youâll be able to take advantage of LoanMartâs short inquiry procedure, designed to streamline the process so you can potentially receive your money in as little as one business day3. Sign up online, at a local participating store, or call toll-free at 855-422-7412.
