Consumer Car Buying Advice Blog

Even consumers with bad credit can take advantage of many of these new car deals researched by NADAguides

New cars and bad credit car loans

At Auto Credit Express, we realize that most bad credit car loan shoppers will end up purchasing a used car. But at the same time, there are a number of affordable new cars on the market that, given the right incentives, can make a new vehicle nearly as affordable as many used cars. That being said, NADAguides.com recently took the time to review a number of new car promotions from four different manufacturers and nine different nameplates that offer cash back rebate programs that bad credit auto loan shoppers can take advantage of now that the government “cash for clunkers” program has ended.

“There is no doubt the Cash for Clunkers program sparked great interest with both consumers and auto dealers. Since the conclusion of the program, consumers have been left searching for the next best deal,” said Mike Caudill, NADAguides.com auto expert and spokesperson. “Our Incentives & Rebates are updated daily and this is something no other research site is doing. We want consumers to know there are still great deals out there on new vehicles and with a simple click, they can identify a host of programs that fit their budget and open up their options.”

Vehicle incentive list

Here is the current monthly list of rebates and incentives from low to high with those vehicles that may fall into bad credit car loan shopper’s budgets shown in bold:

1. 2009 Ford Focus S ($3,500 Total Cash)

The “S” is the most affordable Focus model with an MSRP, including destination, of just $17,030 when equipped with the optional automatic transmission (deduct an additional $815 for the manual). This is certainly a model that would fit into the budget of most bad credit car loan shoppers.

2. 2010 Jeep Commander ($3,000 Total Cash)

3. 2010 Lincoln MKX ($3,000 Total Cash)

4. Mitsubishi Endeavor ($3,500 Total Cash)

5. Chrysler 300 ($4,000 Total Cash)

With an MSRP of $27,415 for the base model (2009), the 300 won’t fit into the budgets of too many consumers with bad credit. But for those with a large car budget looking for a sedan with tons of interior space, the 300 certainly fits the bill. The 300 also gets decent gas mileage when equipped with the base 2.7-liter V6.

6. Ford Edge ($4,000 Total Cash)

The base Edge comes in at $5 less than the Chrysler 300 and offers the advantages of an SUV.

7. Chevy Avalanche ($4,000 Total Cash)

8. Mercury Grand Marquis ($4,000 Total Cash)

9. 2009 Dodge Ram 1500 ($6,000 Total Cash)

With the base price for a regular cab starting at $22,420, those bad credit buyers looking for a bargain in a full size truck can’t go wrong when it comes to the re-styled Dodge Ram.

10. Cadillac Escalade/EXT ($6,000 Total Cash)

The Bottom Line

Even if your credit score falls into the subprime range, bad credit car loan buyers can still qualify for the no-cost service/maintenance program offered on Chrysler models as well as the consumer cash offered on all Chrysler, Dodge and Ford vehicles, which will help lower the monthly payment and the overall finance costs of a bad credit auto loan. Many thanks to NADAguides.com for compiling this list.

For more information on bad credit car loans as well as the bad credit auto loan buying process, visit our web site at www.autocreditexpress.com.

Tags: bad credit, bad credit car loan, cadillac, cadillac escalade, car loan, cash for clunkers, chevy, chevy avalanche, chrysler, chrysler 300, credit, credit score, dodge, dodge ram, ford, ford edge, ford focus, incentives, jeep, jeep commander, lincoln, lincoln mkx, mercury, mercury grand marquis, mitsubishi, nada, nadaguides, new car deals, rebate

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