We pick those vehicles from the latest list of 2013 new cars with the best resale values from Kelley Blue Book that should work for car buyers with problem credit

Our experience

One important lesson car buyers with questionable credit need to learn is that there's a difference between the price and cost of any new car they're considering for an auto loan.

We've come to this conclusion here at Auto Credit Express after spending more than two decades helping buyers with bad credit looking for online auto loans find those dealers that can offer them their best opportunities for auto loan approvals.

Price versus cost

The price of a new or used car is the amount you pay when you buy it. But over the lifetime of the car, the overall cost of ownership should also be considered. This includes fuel, maintenance and, in particular, depreciation.

According to the experts at Kelley Blue Book, during a typical five year term of ownership a car's loss in value (called depreciation) is typically the largest cost to its owners.

Depreciation is also one area where car buyers can reduce their ownership costs simply by choosing a model with the better resale value which is really how to buy a car with no credit or bad credit.

2013 KBB Best Resale Value Awards

Based on Kelly's projections, its Best Resale Value awards are meant to "honor vehicles expected to maintain the greatest proportion of their original retail price after five years of ownership."

According to Kelly, "Since depreciation (or loss of value) is typically a car buyer's primary expense during ownership, these awards, like all of kbb.com's new- and used-vehicle information, are designed to help consumers make more informed car-buying decisions."

Our winners from their winners

For buyers that have experienced credit problems we've listed the winners and top finishers in Kelley's most affordable categories - subcompact and compact cars - along with their comments:

2013 Best Resale Value: Subcompact Car

Best Subcompact Car
2013 Honda Fit
The Honda Fit retains its spot as the resale value leader in the subcompact car class for a third straight year, and it's easy to see why. The Fit stands out for its fuel economy, reliability and affordability. And then there is the Fit's interior flexibility, which begets this hatchback's name. Innovative touches such as hidden storage compartments and a multitude of ways to flip and fold the seats enable this small car to swallow lots of stuff.

Resale Value
at 36 months: 61.5%
at 60 months: 44.5%

2nd Place Finisher:
2013 Scion xD
With its impressive reliability record, surprising interior space and customization options, the Scion xD offers practical utility and youthful exuberance.

Resale Value
at 36 months: 58.0%
at 60 months: 44.0%

3rd Place Finisher:
2013 Toyota Yaris
The Toyota Yaris' recent revamp injected this 3- and 5-door hatchback with fresh styling, while retaining its low starting price and high fuel economy.

Resale Value
at 36 months: 55.8%
at 60 months: 42.6%

2013 Best Resale Value: Compact Car

Best Compact Car:
2013 Honda Civic
Reliability, fuel economy, great driving manners and low pricing have made the Honda Civic the benchmark of compact cars ever since it was introduced 40 years ago. As with past models, the 2013 Honda Civic retains those favorable attributes while also standing out for its ability to hold value, leading the pack in the compact car segment.

Resale Value
at 36 months: 62.3%
at 60 months: 46.9%

2nd Place Finisher:
2013 Scion tC
Roomy rear seats and features like a panoramic roof make the sporty Scion tC coupe more practical and better equipped than one would expect.

Resale Value
at 36 months: 60.0%
at 60 months: 46.5%

3rd Place Finisher:
2013 Subaru Impreza
The only compact car available exclusively with all-wheel drive, the Subaru Impreza remains a stalwart in the more seasonally dynamic sections of the country.

Resale Value
at 36 months: 64.9%
at 60 months: 44.6%

The Bottom Line

Car buyers should never confuse price with cost, especially if their budget is tight and they need a high-risk auto loan. According to Kelley's Jack R. Nerad, "Choosing makes, models and options wisely now can help new-car shoppers keep additional money in their pocket down the road when they go to sell or trade-in the vehicle used."

Another tip for these buyers: Auto Credit Express matches people that have experienced car credit difficulties with those new car dealers that can offer them their best chances for 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.