Least Expensive New Car Deals in April 2015

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.

Honorable Mention – 2015 Fiat 500L Pop 1.4L 4-door hatchback, 6-speed manual
Base price - $20,045
Rebate - $4500
Price before taxes - $15,545

#10 - 2015 Chevrolet Sonic LS 1.8L 4-door sedan, 5-speed manual
Base price - $15,070
Rebate - $500
Price before taxes - $14,570

#9 - 2015 Hyundai Accent GLX 1.6L 4-door sedan, 6-speed manual
Base price - $15,455
Rebate - $1000
Price before taxes - $14,555

#8 – 2015 Nissan Versa Note S 1.6L 4-door hatchback, 5-speed manual
Base Price $15,005
Rebate - $500
Price before taxes - $14,505

#7 – 2015 Kia Rio LX 1.6L 4-door hatchback, 6-speed manual
Base price - $14,790
Rebate - $500
Price before taxes - $14,290

#6 - 2015 Kia Rio LX 1.6L 4-door sedan, 6-speed manual
Base price - $14,700
Rebate - $500
Price before taxes - $14,200

#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

#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

#3 – 2015 Chevrolet Spark LS 1.2L 4-door hatchback, 5-speed manual
Base price - $13,095
Rebate - $0
Price before taxes - $13,095

#2 – 2015 Nissan Versa S 1.6L 4-door sedan, 5-speed manual
Base price - $12,815
Rebate - $0
Price before taxes - $12,815

#1 - 2015 Mitsubishi Mirage ES 1.2L 4-door hatchback, 5-speed manual
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.