Top 15 models connected with title loans
California-based LoanMart recently shared an intriguing list based on its quarterly activity connected with its title loan business.
LoanMart said it generated 36% growth in the third quarter compared to the first quarter, based newly serviced loan volume associated with these 15 popular vehicles.
The list of those 15 vehicles included:
Ford F-150
Toyota Camry
Chevrolet Silverado 1500
Honda Accord
Toyota Corolla
Ford Fusion
Nissan Altima
Honda Civic
Honda CR-V
Chevrolet Malibu
Ford Escape
Ram 1500
Jeep Wrangler
GMC Sierra 1500
Chevrolet Tahoe
In fact, LoanMart mentioned the Ford F-150 has been connected to the most loans in each of the past three quarters. The truck accounted for more than 3% of its loans in Q3, with an average loan amount of $6,082.