Consumer Car Buying Advice Blog

Credit challenged consumers can take advantage of one of these affordable vehicles to lower their bad credit car loan monthly payments and keep their interest expenses down.

Auto Credit Express

At Auto Credit Express our business is to match up our credit challenged applicants that are looking for a bad credit auto loan with dealers in our nationwide network that can help them get this kind of a loan. But the process of reestablishing your auto credit can be an expensive one – especially if you choose the wrong car.

New cars are usually more reliable than used cars, but often the added expense puts them out of reach for many bad credit car loan customers. Fortunately, new car incentives, usually in the form of “customer cash”, can not only lower the price of a new vehicle, it can also contribute to the down payment requirements of many subprime lenders.

With two weeks left in February, bad credit auto loan buyers still have time to take advantage of the following deals:

February’s top 10

At Auto Credit Express, we’ve taken the time to combine the most affordable new vehicles in the U.S. with their current rebates to come up with the ten most affordable vehicles for the month of February, 2010. It should be noted that all vehicle prices include destination charges, but not taxes or official fees that vary by state.

#10 2010 Toyota Yaris
Base price – $13,355
February rebate – $1,000
Price before taxes – $12,355
The Yaris is not part of any of the current Toyota recalls and should weather the current storm very well.

#9 – 2010 Chevrolet Aveo
Base price – $12,685
February rebate – $500
Price before taxes – $12,185
Chevrolet’s least expensive sedan is built by GM’s Daewoo subsidiary in Korea and has the added advantage of being able to be serviced at any Chevrolet dealer.

#8 – 2009 Kia Rio5
Base price – $14,020
February rebate – $2,000
Price before taxes – $12,020
The Rio5 is the hatchback version of Kia’s most affordable model. Add in the best warranty in the industry and you have a real winner.

#7 – 2010 Kia Rio
Base price – $12,390
February rebate – $500
Price before taxes – $11,890
The sedan version of the Rio is not as versatile as the hatch, but still a great value for bad credit buyers as it is a 2010 model.

#6 – 2009 Chevrolet Aveo
Base price – $12,685
February rebate – $1,000
Price before taxes – $11,685
Choose the 2009 Aveo and the rebate increases an additional $500, making the 2009 model even more affordable than the 2010 version.

#5 – 2009 Suzuki SX4 Sport
Base price – $14,035
February rebate – $2,500
Price before taxes – $11,535
The biggest rebate of any of the top ten vehicles makes the SX4 Sport one of the best February deals for credit challenged consumers.

#3(tie) – 2009 Kia Rio
Base price – $12,190
February rebate – $2,000
Price before taxes – $10,190
The second biggest rebate of any on the list makes the 2009 Kia Rio a winner.

#3(tie) – 2010 Hyundai Accent
Base price – $10,690
February rebate – $500
Price before taxes – $10,190
The Accent carries the same industry-leading warranty as the Kias, which means bad credit car loan buyers will not need to buy an extended service contract.

#2 – 2010 Nissan Versa
Base price – $10,710
February rebate – $750
Price before taxes – $9,960
The Versa is one of the great automotive values for February, coming in at less than $10,000 before taxes and fees.

#1 – 2009 Hyundai Accent
Base price – $10,690
February rebate – $1,500
Price before taxes – $9,191
Imagine getting a new car for just over $9,000 before taxes and one of the longest warranties in the business. The 2009 Hyundai Accent is the most affordable car for February and should be on any bad credit car shoppers short list of vehicles.

The Bottom Line

Rebates and customer cash are a great way to not only make a vehicle more affordable, but also contribute towards your down payment. In the case of the Hyundai Accent, you can buy a vehicle with a retail delivered price of about $11,600 (in most states) for close to $10,000, after all taxes and fees.

Here at Auto Credit Express, we feel it’s important that you make the right choices when it comes to a bad credit car loan buying decision. Those choices include finding the right dealer and the right car to help you reestablish your auto credit. Any of the affordable models listed above, with the additional customer cash, will make a bad credit car loan more affordable, while keeping your interest costs down.

For more information on the bad credit auto loan process, please visit our web site at www.autocreditexpress.com.

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