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Best New Car Deals in September for Poor Credit Buyers

Consumers with problem credit needing an affordable new car for car loan by end of the month will want to check this list of the ten cheapest new cars to buy in September
Best New Car Deals in September for Poor Credit Buyers
New car questions

Here at Auto Credit Express we often get a question from car shoppers searching for online car loans that goes something like this: “if I have lousy credit can I get a car loan and if I get one can I finance a new vehicle?”

More often than not the answer to the first part of the question is “yes”.

The answer to the last part is that this depends upon the payment call the dealer receives from the lender. Not very helpful, we know but it’s the only way it can be answered and we should know because for over two decades we’ve been helping car buyers with bad credit searching for online auto loans find those dealers that can give them their best chances for auto loan approvals.

Qualifying for a new car

Most buyers with deficient credit will end up financing a used car with reasonable mileage. But sometimes these buyers are offered a second option – depending on their income, credit history and the lender programs available – an affordable new car.

The new car option does have its advantages. New cars are reliable, come with manufacturer warranties and, in most states, are covered by new car lemon laws.

Like buying used, choosing the right new car such as a subcompact or compact can save on interest charges as well as gas and auto insurance costs. With a less expensive vehicle, opting for a shorter finance term will also enable borrowers to position themselves to re-finance or take out a new loan at a lower interest rate even sooner.

It should also be pointed out that according to the latest NADA Official Used Car Guide update, while subcompact and compact used cars are becoming more affordable the year-over-year loss in value of compact cars up to 8 years old only dropped 0.5% through the month of August.

One more thing: with the closeout of current year vehicles and the rollout of the 2014 models, this will be the last month we include 2013 models on this list.

Most affordable new cars for September

As in the past, we’ve taken the most affordable new cars and eliminated those that typically don’t make sense – such as the smart fortwo which is too small and not versatile enough for most people. To vary the selection as much as possible, we’ve also listed the least expensive trim level for each model. Since an automatic transmission is typically an additional $1,000 we believe most buyers needing one can do the math. Besides, it allows for more models on the list– although different body styles (sedan, hatchback) of the same model are listed as separate entries.

So here goes:

#10 – 2014 Toyota Yaris L 1.5L 3-door hatchback, 5-speed manual
Base price – $15,240
Rebate – $0
Price before taxes – $15,240

#9 – 2013 Kia Soul 1.6L base 4-door wagon, 6-speed manual
Base price – $15,175
Rebate – $0
Price before taxes – $15,175

#8 – 2013 Chevrolet Sonic 1.8L LS 4-door sedan, 5-speed manual
Base price – $14,995
Rebate – $0
Price before taxes – $14,995

#7 – 2014 Nissan Versa Note 1.6L S 4-door hatchback, 5-speed manual
Base Price $14,780
Rebate – $0
Price before taxes – $14,780

#6 – 2013 Ford Fiesta S 1.6L 3-door hatchback, 5-speed manual
Base price – $14,995
Rebate – $250
Price before taxes – $14,745

#5 – 2013 Kia Rio 1.6L LX 3-door hatchback, 6-speed manual
Base price – $14,550
Rebate – $0
Price before taxes – $14,550

#4 – 2013 Kia Rio 1.6L LX 4-door sedan, 6-speed manual
Base price – $14,350
Rebate – $0
Price before taxes – $14,350

#3 – 2013 Ford Fiesta 1.6L S 4-door sedan, 5-speed manual
Base price – $13,995
Rebate – $250
Price before taxes – $13,745

#2 – 2013 Chevrolet Spark LS 1.2L 3-door hatchback, 5-speed manual
Base price – $12,995
Rebate – $0
Price before taxes – $12,995

#1 – 2014 Nissan Versa S 1.6L 4-door sedan, 5-speed manual
Base price – $12,780
Rebate – $0
Price before taxes – $12,780

The least expensive car to buy in September is the 2014 Nissan Versa sedan that sells for less than $13,000 before taxes and comes with one of the largest dealer networks in the U.S. Since this Versa is the entry-level model, even though it’s a 2014 it might take a bit of patience and some luck to find one. Also note that with the close-out of the 2013 model year, the sooner you move on one of these, the better your chances will be in finding one.

The Bottom Line

Most borrowers with past credit problems can usually qualify for a high-risk car loan if they meet the down payment, income, debt to income and payment to income requirements of these lenders.

In some instances, the choice might even include a new car and buyers given this option that pick a vehicle from this list of affordable new cars such as the Ford Fiesta, Kia Rio or Toyota Yaris will enjoy the benefits of a comprehensive new car warranty and the reliability that goes along with that new car smell.

One more tip for credit-challenged buyers: at Auto Credit Express we specialize in helping consumers with car credit issues find dealers for their best chances at approved auto loans.

So if you’re ready to reestablish your auto credit, you can begin now by filling out our online auto loan application.

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