Starting with the list from Kelley Blue Book we trim it down and serve up the five most affordable cool vehicles that car buyers with poor credit should consider if they qualify for a new car auto loan

What we know

Car shoppers with questionable credit that have received a car loan approval with the option of a new car might want to check out this list of quality small cars we've picked out from an article that was published last year by the experts at Kelley Blue Book.

We've based our choices on the fact that here at Auto Credit Express we've spent over a decade helping car buyers with poor credit looking for online car loans find those dealers that can offer them their best chances for loan approvals.

Kelley Blue Book article

Choosing a subcompact, compact or midsize car can save you money on insurance, fuel and, most importantly interest expenses.

Last fall, Kelley Blue Book published an article entitled "10 Coolest Cars Under $18,000." Noting that at least some of the vehicles might fit the budgets of consumers with bad credit we analyzed the results and chose the 5 most affordable cars (those with a retail price of $16,000 or less) for credit-challenged buyers.

So here are those vehicles, in the order they appeared, along with comments from the editors of Kelley Blue Book:

5. Scion iQ
The pint-size Scion iQ packs a full-size punch. Inside, this featherweight fireball can accommodate three and a half men - or two and their golf bags. And with a wheelbase shorter than most NBA players, the iQ's unique brand of urban acrobatics provides remarkable maneuverability around the most meddlesome inner-city obstacles.

4. Kia Soul
A unique blend of funky style and practical packaging, the Kia Soul cranks up its cool quotient for 2012 with even more high-value appeal. Nose and tail tweaks add edge to its appearance while drivetrain enhancements bring double-digit horsepower gains plus better mpg figures to its new 1.6-liter direct-injected base engine and the available 2.0-liter upgrade.

3. Ford Fiesta
Small and bold don't usually pal around together, but you can find them hanging out in the sub-compact Ford Fiesta. With an aggressive grille, big lamps, sharp lines and pronounced fenders, the Fiesta is a styling standout. Even the inside is richer and more stylish than its competitors. European-like driving dynamics and highway fuel economy of 38 miles per gallon (40 mpg for the SFE version) solidify its cool cred.

2. Chevrolet Sonic
Chevy's new subcompact deftly combines sporty exterior styling, motorcycle-inspired interior gauges and peppy yet fuel-efficient engine choices to create a competent and cool urban runabout. In hatchback or sedan form, the Sonic booms with exuberance.

1. Fiat 500
Catch even the briefest glimpse of the Fiat 500 and just try not to smile at this Italian-designed cutie that's tiny in size but massive when it comes to personality. Available as a hatchback or convertible, the perky 500 is the first new Fiat to be sold in America in nearly three decades.

Warranty coverage

A big advantage of financing a new vehicle is that they're covered by fairly extensive new car warranties. One thing that buyers on a tight budget should consider is the length of the warranty. One suggestion: if the vehicle won't be covered by the new car warranty for the entire loan term, buyers might want to consider purchasing an extended warranty (service contract) at the time of sale. For the most part, a typical extended warranty is usually very affordable since, at a minimum, the first 3 years or 36,000 miles are covered by the manufacturer.

As we see it

One more suggestion: at Auto Credit Express we match applicants that have experienced car credit problems with dealers that can give them their best chances at approved car loans.

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