Seattle, WA (PRWEB) January 12, 2013
Studies show that consumers are putting increased value in their auto loans. Transunion reported their findings and noticed that, continuing the trend noticed in 2012, consumers are putting auto loan payments ahead of mortgage and credit card payments. Web-based auto loan company, Complete Auto Loans, recognizes the importance of vehicles for the consumers daily use and has provided a new way to provide easy auto loan payment plans in light of this study in order to help consumers manage the rest of their finances.
While TransUnion reports show delinquency rates in Michigan as some of the lowest in the nation at 0.21%, states such as Mississippi, Louisiana, and Oklahoma have significantly higher delinquency rates. These high delinquency rates are a result of poorly planned auto financing payments, sometimes set out by dealership loans as a compromise for auto loans for bad credit holders.
With vehicles being high on the individual importance scale and one of the most quickly repossessed, CAL recognizes the importance of feasible, individually-tailored payment plans, especially on bad credit auto loans. The company is offering long and short term, low interest loans and is willing to work with any credit history, providing 100% approvals as a new way to help consumers. This is allowing consumers to maintain their other financial obligations at the same time, because they have an auto loan that works for them within their budget and allows them to keep going with reliable transportation.
Recent reports show that more than one in five purchasers of luxury vehicles obtains auto financing outside of a dealership. This provides a great opportunity for online auto loan providers as well as banks and credit unions. One of the benefits of procuring auto loans via web-based auto loan providers like Complete Auto Loans is the statewide, easy access. For example, Complete Auto Loans, unlike banks and credit unions, has no location requirement, but still the benefit of pre-approval before hitting the car lots.
The bad credit auto loans provided by Complete Auto Loans are some of the best laid out terms for the user. Each payment plan is individually tailored for the loan seeker so that, in keeping with the aforementioned studies, consumers can easily afford their payments in order to keep their vehicles from being repossessed thus reducing the heightened delinquency rates and allowing them to better maintain their other financial obligations.
About Complete Auto Loans
Complete Auto Loans is an auto loan provider easily accessed via the internet. Based out of Everett, Washington, the company provides good credit, no credit and bad credit auto loans to consumers all over the US. They boast a 100% acceptance rate in 60 seconds or less and guarantee a fast free approval.
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