You need a car. And while you could pursue a used vehicle purchase, you really want to avoid the repair bills that are associated with older vehicles. A new car would be ideal, but can you buy one with damaged credit?
Taking a test drive? Don’t settle for a perfunctory spin around the block. Go where you need to go, and test everything that you want to test in order to be sure that any particular car is the right vehicle for you.
Lexus is introducing a new way of doing business to select dealerships. They have eliminated any opportunity for negotiation, and are going with absolutely set prices. Is this a better way to buy a car?
While new cars are generally becoming more affordable despite the slight dip in July, borrowers with tarnished credit would be smart to maximize their down payment while keeping both the loan term and payment-to-income ratio to a minimum. Typically this entails moderating their expectations and financing a very affordable car – at least until they’ve reestablished their credit.
The three vehicles we’ve chosen from AutoPacific’s list are not only winners in their class, they represent affordable values with starting MSRPs of less than $18,000 – a price point that’s important to borrowers with credit issues.
All five vehicles we’ve chosen represent a good value and have a starting MSRP of around $19,000 or less, something that’s of particular importance to borrowers with credit issues.
With electric vehicles growing in popularity and gaining wider acceptance, it may not be long before this relatively new technology is affordable and convenient enough to be taken advantage of by almost everyone.