Offering to work for free Cover Letter

Hi guys, I writtern a cover letter which basically stats that I wish to work for them for free, I was just hoping that maybe you guys could take a look at the english that I have used and possibley help me with my weak areas?  I would very much appreciate all your help.

"I am writing this letter to you as an application to work for INSERT COMPANY and I offer myself to work for free.

With the timing of the recession it has unfortunately made it harder for me to boost my career after having just graduated during this summer. Not only this but the roles in the CAD industry which I am hoping to pursue a career in requires x amount of years work experience, something which I do not posses. However I am still keen to bring my academic knowledge into the workplace.

I graduated from Birmingham City University with a BSc Hons in Computer Aided Automotive Design, As part of my final year project I successfully designed a bodykit for a small single seated racing car as part of my individual project which, upon completion, was comparable Formula One. Whilst accomplishing this it has made me a confident user with CAD applications in particular CATIA V5.

I am an individual who believes that quality must lie at the root of everything I do. I am honest, enthusiastic, energetic and reliable. I am a quick learner and highly motivated. I thrive under pressure and work to meet tight deadlines either as part of a team or by showing initiative to work as an individual. I am hardworking and have the ability to prioritize workloads on a daily basis. As my previous employers will assure you, my confident nature coupled with my excellent communication and co-operative skills, has made me a natural leader amongst my peers. 
If it would be possible to gain maybe a year’s worth of work experience with your company the experience to me in itself would be valued as a salary.