Cheapest Holiday New Car Deals in 2015

Credit challenged car buyers looking for an inexpensive new car between Christmas and the New Year should check out this list, and check it twice.

Best Time to Buy a New Car?

According to Edmunds.com, the week between Christmas and New Year’s “will be the busiest car shopping time of the year.” And while most borrowers with less than stellar credit will finance a used car, even subprime lenders sometimes offer the option of a new car if they can afford to do so. In fact we’ve provided before a number of end of the year car buying tips just to help.

However knowing when to buy isn’t the same as knowing what to buy. So we strongly suggest people looking to get an auto loan with poor credit consider a smaller sedan or hatchback, since they’re not only more affordable, they can help their owners save money on fuel and car insurance costs.

Less expensive cars can also be financed for a shorter term – saving on interest charges and allowing borrowers to trade out more quickly and, provided they’ve made timely payments, usually into a loan with a lower interest rate, as well.

Most Affordable New Cars to Buy Before New Year’s 2015

Despite the increase in prices for most models in 2015, there are still a number of standout buys: Mitsubishi’s entry-level Mirage, already a great buy with an entry-level price of $13,790, has an amazing $1,000 new car rebate, while Ford continues a $1,000 rebate plus a “Sync and Sound” discount on the fun-to-drive Fiesta. Chevrolet, meanwhile, has placed a $500 rebate on its already-affordable Sonic sedan and hatchback models. Once again for comparison purposes, only manual transmission models are listed –figure an additional $1,000-$1,400 for an automatic on most models.

2015 Chevrolet Sonic#10 – 2015 Chevrolet Sonic 1.8L LS 4-door hatchback, 5-speed manual
Base price – $15,670
Rebate – $500
Price before taxes – $15,170
2015 Nissan Versa Note#9 – 2015 Nissan Versa Note 1.6L S 4-door hatchback, 5-speed manual
Base Price $15,005
Rebate – $0
Price before taxes – $15,005
2015 Kia Rio#8 – 2015 Kia Rio 1.6L LX 4-door hatchback, 6-speed manual
Base price – $14,790
Rebate – $0
Price before taxes – $14,790
2015 Kia Rio sedan#7 – 2015 Kia Rio LX 1.6L 4-door sedan, 6-speed manual
Base price – $14,700
Rebate – $0
Price before taxes – $14,700
2015 Chevrolet Sonic#6 – 2015 Chevrolet Sonic 1.8L LS 4-door sedan, 5-speed manual
Base price – $15,070
Rebate – $500
Price before taxes – $14,570
2015 Ford Fiesta hatchback#5 – 2015 Ford Fiesta S 1.6L 4-door hatchback, 5-speed manual
Base price – $15,190 (includes $490 SYNC and Sound Discount)
Rebate – $1000
Price before taxes – $14,190
2015 Ford Fiesta sedan#4 – 2015 Ford Fiesta S 1.6L 4-door sedan, 5-speed manual
Base price – $14,690 (includes $490 SYNC and Sound Discount)
Rebate – $1000
Price before taxes – $13,690
2015 Chevrolet Spark#3 – 2015 Chevrolet Spark LS 1.2L 4-door hatchback, 5-speed manual
Base price – $13,095
Rebate – $0
Price before taxes – $13,095
2015 Nissan Versa#2 – 2015 Nissan Versa SV 1.6L 4-door sedan, 5-speed manual
Base price – $12,815
Rebate – $0
Price before taxes – $12,815
2015 Mitsubishi Mirage#1 – 2015 Mitsubishi Mirage 1.2L ES 4-door hatchback, 5-speed manual
Base price – $13,790
Rebate – $1,000
Price before taxes – $12,790

If you want to buy the least expensive new car between Christmas and New Year’s that would be the already-affordable Mitsubishi Mirage ES that, until January 2nd, has a $1,000 new car rebate and sells for under $13,000 before taxes and fees.

The Bottom Line

Borrowers with bad credit would do well to choose one of these affordable cars – vehicles that are also fuel efficient and inexpensive to insure – if they’re buying new. Opting for the shortest loan term possible, once they’ve reestablished their credit they’ll be in a much better position for their next loan.

We have one more suggestion: Auto Credit Express matches applicants with car credit issues to dealers that can offer them their best opportunities for auto loan approvals. So if you’re ready to reestablish your credit, you can begin now by filling out our online auto loan application.

Posted on December 22, 2014 by in New Cars
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