Bad Credit Car Loans - New Tool Shows Cheap Local Lenders

SAN FRANCISCO, June 19, 2013 /PRNewswire/ --

CarLoansLocal.com, the new online local search site for bad credit car loans, has announced the launch of its new online tool. Developed in order to help consumers find the best selection of low-cost local lenders specializing in bad credit, the tool is available 24 hours a day from any internet connected computer.

The tool is free to use and can effectively match consumers to lenders within minutes of submitting the short online application form. The site believes that consumers may save significant sums of money by using the new tool versus accepting loan quotes offline or without adequate comparison with other deals.

American motorists from all credit backgrounds are invited to use the new tool and the site has extensive experience with connecting inquirers to suitable lenders. Once a consumer receives a quote, they have time to review the terms, rates and conditions fully before decided whether or not to accept a quote.

The tool operates as a quote finder and comparison service in one, giving powerful results within a short time for maximum comparison opportunities. If a consumer finds a quote which appeals to their budget and circumstances, they can double check it against other quotes that the site may find for them. The next stage is to use one of the free auto loan calculators to check the total monthly payments, annual rate of interest and other particulars that contribute to the total cost of the loan.

CarLoansLocal.com made the announcement of the launch in the following statement that was released to the press.

"CarLoansLocal.com launches its new local tool for finding out how much money can be saved on bad credit auto loans. Car loan rates can vary wildly from dealership to dealership, but more consistently affordable rates can be sourced via our quote finder. Consumers can compare auto loan offers via our new service within moments, and take their time to make the right choice for their budget."

The site also features a section of Tips & Advice on buying a new car, checking used cars for problems and advice on how to handle car financing in adverse credit situations such as discharged bankruptcy.

Use the new tool at: http://www.carloanslocal.com/form/

Contact:
Sam Malka 
+1-(786)-319-9951
[email protected]

SOURCE CarLoansLocal.com