Consumer Car Buying Advice Blog

The current round of new car incentives from Ford plus the upcoming Fiesta means bad credit auto loan shoppers will have even more choices this month if they want to finance a new car.

New car incentives and bad credit

When we say we are in the business of helping people reestablish their credit, what we mean is that here at Auto Credit Express our applicants can begin a new chapter in their lives by filling out our online credit application and financing either a new car or a newer pre-owned vehicle with car loans for bad credit. By doing this, many of them have been able to raise their FICO scores and reestablish their car credit by financing a vehicle through one of our affiliate dealers.

But the process of reestablishing your auto credit can be an expensive one – especially if you don’t know what you’re doing. If you make a mistake, it could result in repossession. Once this happens, the only remaining choice for most buyers is a tote the note dealer.

Even though most second chance auto loan shoppers will end up purchasing a used car, there are a number of affordable new cars on the market that, given the right incentives or even a low entry price, can make a new vehicle nearly as affordable as may used cars. Ford recently announced its May new car incentives that not only include low APR rates for the best qualified customers, but also offer alternative cash-back programs that even bad credit car loan shoppers can take advantage of.

Valid thru June 1, 2010

Ford Brand:

Although the Ford Mustang, Taurus, Edge, Flex, Explorer, Expedition and F-150 are usually beyond the budgets of most buyers applying for auto loans for bad credit, there are a number of Ford cars and at least one truck that may very well work. May new car incentives for these vehicles are as follows:

Cars:

•    2010 Focus – $3,000 in total customer cash
•    2010 Fusion – $2,000 in total customer cash

Trucks:

•    2010 Ranger – $2,000 in total customer cash
•    2010 Escape – $2,000 in total customer cash

Although the Ford Escape sits at the very edge of affordability for most bad credit auto loan shoppers, those with more income or a large down payment might be able to fit it into their budgets.

2011 Ford Fiesta

A vehicle that should be of special interest to credit-challenged consumers is the upcoming 2011 Ford Fiesta. Although it doesn’t have any rebates, the fact that it has four doors, is very fuel efficient, and has a starting price of just $13,320 are reason alone to put it on your new car list.

The Fiesta should be available sometime this summer.

The Bottom Line

Even if your credit score falls into the subprime range, bad credit car loan buyers can still qualify for the consumer cash offered on the aforementioned Ford vehicles, which will help lower the monthly payment and the overall finance costs associated with car loans for bad credit.

Everyone needs a car. Before you buy a car from a local Tote the Note, We Finance Everyone car dealer, consider applying for a bad credit auto loan from Auto Credit Express, a leading national car buying service for people with bad credit. Our credit application is encrypted so your personal information is secure, and you can fill it out in the comfort and security of your home.

So why not begin the process of rebuilding your credit by filling out our online car loan application.

Tags: auto credit, auto loans for bad credit, Bad Credit, bad credit auto loan, bad credit car loan, car credit, car loans with bad credit, credit, fico, FICO score, new car incentives, repossession, second chance auto loan, tote the note

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