Consumer Car Buying Advice Blog

Customers applying for a bad credit car loan can take advantage of one of these affordable vehicles to lower their monthly payments and keep their total interest expenses down.

Our business

At Auto Credit Express our business is to match up our credit challenged customers, who have filled out our bad credit auto loan application, with dealers in our nationwide network that can help them get this kind of a loan. By doing this, applicants can not only reestablish their car credit, they can also raise their credit scores. But the process of reestablishing their auto credit can be an expensive one – especially if they 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, in many instances, contribute to the down payment requirements of many subprime lenders.

With just over two weeks left in March, bad credit car loan buyers still have time to take advantage of the following deals:

March’s top 10 bad credit car loan new vehicles

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

#10 – 2010 Kia Rio
Base price – $12,390
March 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. Although the 2010 Rio was number 7 last month, increased incentives for March have dropped it to #10.

#9 – 2010 Chevrolet Aveo 5 LS
Base price – $12,835
March rebate – $1000
Price before taxes – $11,835
The 5-door hatch version is a step up from the base Aveo and offers a few more amenities in addition to the added versatility and cargo space of a hatchback.

#8 – 2010 Chevrolet Aveo
Base price – $12,685
March rebate – $1000
Price before taxes – $11,685
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.

#7 2009 Kia Spectra
Base price – $14,245
March rebate – $3,000
Price before taxes – $11,245
The Spectra is a larger car than either the Aveo or the Yaris and comes with Kia’s 5 year 60,000 mile basic warranty plus an additional 10 year 100,000 mile power train warranty.

#5 (tie) – 2010 Hyundai Accent
Base price – $10,690
March 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. Although it was #3 last month, the same incentives place it only at #3 for March.

#5 (tie) – 2009 Kia Rio
Base price – $12,190
March rebate – $2,000
Price before taxes – $10,190
Although it’s more expensive than its cousin, the Hyundai Accent, the 2009 Kia Rio has a $2,000 rebate to even things out.

#4 – 2009 Chevrolet Aveo – Aveo5
Base price – $12,685
March rebate – $2,500
Price before taxes – $10,185
Chevrolet upped the new car rebate amount on the both the 2009 Aveo and the 2009 Aveo5 from $1,000 in February to $2,500 in March for an even better deal and moving it up from #6 to #4 on our list.

#3 – 2010 Nissan Versa
Base price – $10,710
March rebate – $1,250
Price before taxes – $9,460
The Versa is one of the great automotive values for March, having upped February’s rebate from $750 to $1,250 and coming in at less than $10,000 before taxes and fees.

#2 – 2009 Hyundai Accent
Base price – $10,690
March rebate – $1,500
Price before taxes – $9,191
Last month’s number one car slipped one place. But even so, imagine getting a new car for just over $9,000 before taxes and one of the longest warranties in the business.

#1 – 2009 Nissan Versa
Base price – $10,710
March rebate – $1,750
Price before taxes – $8,960
How about a brand new car for less than $9,000 before taxes? The 2009 Versa is the most affordable car for March 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 Nissan Versa, you can buy a vehicle with a retail delivered price of about $11,600 (in most states) for under $10,000, in most states, after all taxes and fees.

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.

To begin the process, click here to fill out our secure online bad credit car loan application.

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