There are some great deals but not a lot of time left in April, but nonetheless we present a number of inexpensive cars that will make trekking to your local dealer worth it even if you have poor credit
New Cars with Bad Credit
While most credit-challenged consumers finance a used car, it's becoming more of a reality for subprime lenders to offer borrowers the option of a new car. In this case, we recommend that these consumers pick a subcompact or compact sedan or hatchback – vehicles that can save their owners money on fuel and car insurance costs.
They can also be financed for a shorter term, reducing interest charges and offering borrowers the chance to trade out of their vehicle more quickly and into a new car loan at a lower interest rate (provided they've made timely payments).
Most Affordable New Cars in April 2015
In April, there are a number of standout buys: Mitsubishi's affordable Mirage has an amazing $1,250 new car rebate, while Ford carries over its $1,000 rebate on the fun-to-drive Fiesta. Kia, meanwhile, continues a $500 rebate on the already-affordable Rio sedan and hatchback models.
While only manual transmission models are listed, comparisons can be made if you figure an additional $1,000-$1,400 for an automatic on most models.
Base price - $20,045
Rebate - $4500
Price before taxes - $15,545

Base price - $15,070
Rebate - $500
Price before taxes - $14,570

Base price - $15,455
Rebate - $1000
Price before taxes - $14,555

Base Price $15,005
Rebate - $500
Price before taxes - $14,505

Base price - $14,790
Rebate - $500
Price before taxes - $14,290

Base price - $14,700
Rebate - $500
Price before taxes - $14,200
Base price - $15,190 (includes $490 SYNC and Sound Discount)
Rebate - $1000
Price before taxes - $14,190

Base price - $14,690 (includes $490 SYNC and Sound Discount)
Rebate - $1000
Price before taxes - $13,690

Base price - $13,095
Rebate - $0
Price before taxes - $13,095

Base price - $12,815
Rebate - $0
Price before taxes - $12,815

Base price - $13,790
Rebate - $1,250
Price before taxes - $12,540
The Bottom Line
Consumers with credit issues who choose one of these affordable cars with the shortest loan term possible will find that once they've reestablished their credit, they'll quickly be in a better position for their next loan.
One more tip: Auto Credit Express matches credit-challenged applicants with dealers that can offer them their opportunities for car loan approvals. So if you're ready to take that first step, you can begin now by filling out our online auto loan application.