Bad credit auto loans are available at Auto Loans Spot

November 19, 2010 – Traditional lending institutions are denying a large majority of the loan applications they receive for new vehicles. Individuals with bad credit don’t stand a chance. If you’re in need of a new car, Auto Loans Spot can help with bad credit auto loans.

A national auto finance company located in Thorofare, New Jersey, Auto Loans Spot has an impressive approval rate of 98 percent, even if you have no credit or bad credit. They don’t make loans, but they do work with a wide variety of lenders nationwide to help thousands of people obtain the bad credit auto loans they desperately need.

You can apply utilizing the online form on their website. The process is free, quick and easy. Vehicle financing is available to residents of all 50 states and no co-signer is needed. Your information is kept private, confidential and secure. Auto Loans Spot has compiled a comprehensive database of lenders willing to make bad credit auto loans. They have a variety of available programs to help you obtain the vehicle you need.

In many instances, applicants know within an hour if they’ve been approved. If you are, the lender will contact you to discuss, terms, interest rates and other details. You’re under no obligation to accept any financing offer, and you can even use your old vehicle as a down payment. Depending on the condition of your old car, you may be required to provide additional cash to meet the down payment requirements. If all conditions are met, you can take possession of your new vehicle the same day.

The amount of your monthly payment will depend upon the price of the new vehicle you want to purchase, the interest rate charged by the lender and the amount of your trade in if you have one. The site provides a convenient calculator that can be used to determine what your monthly payments will be before you ever submit a loan application. The calculator can be adjusted to help ascertain how much you can afford to pay each month on a new vehicle without damaging your budget.

There’s no reason to waste time with banks and traditional lenders that will most likely deny your application. Car Loans Spot provides bad credit auto loans without the long wait you’ll experience dealing with your local banks.

They can reached by phone at 1-800-646-3006, by fax at 856-384-0191, or by email via the form on their website. For more information, visit the website at http://www.autoloansspot.com

company: www.autoloansspot.com
address: PO Box 363
Thorofare NJ 08086
phone: 1-800-646-3006
e-mail: info@autoloansspot.com

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