One of the easiest ways to save money on a bad credit car loan is to spend less on a new car

Choosing new or used

Here at Auto Credit Express we are in the business of helping bad credit consumers reestablish their auto credit and raise their credit scores by filling out our bad credit auto loan application and getting financed with a local dealer that specializes in car loans with bad credit.

Unlike most tote the note dealers that don't report payments to the credit bureaus, these second chance auto loan dealers work with lenders that can help you get your car credit reestablished even if you've had slow pay, collection accounts or repossession in the past.

Primarily due to financial considerations, a majority of vehicles purchased with bad credit auto loans are used cars. But with less than a week to go in December, reports that “the best days in December to buy are the final three days -- Wednesday, December 29 through Friday, December 31.

The report goes on to say: “The deals on 2010 and 2011 models can potentially save consumers up to 24 percent including options.  As it gets closer to the end of the year, those percentages are likely to go up based on dealer specific sales quotas.  That, combined with dealers' need to get 2010 models finally off their lots, means that there should be an abundance of great deals available to consumers.

'The end of the year is always a great time to buy a car,' says Jesse Toprak, VP of Industry Trends and Insights for  'From year-end incentives to dealers and salespeople having sales-based quotas, between now and the end of the year, consumers can get a great deal on a new vehicle.'"

Latest new car incentives

Although a number of the vehicles the report mentions are out of the price range of most bad credit buyers, at least two, the 2010 Chevrolet Silverado 150 and the 2010 Kia Sportage, are within the budgets of many credit-challenged applicants.

Here is the entire list:

Year*/Make/Model                                  MSRP         Net Price**     Percent Disc.
2010 Chevrolet Silverado 150             $21,845         $16,658          24%
2010 Mercury Mountaineer                 $30,295         $23,945          21%
2011 Mitsubishi Endeavor                     $29,079         $23,228         20%
2010 GMC Sierra 1500                            $29,335         $23,607         20%
2010 Kia Sportage                                     $17,690         $14,236         20%
2010 Infiniti FX50                                    $59,875         $49,786         17%
2011 Nissan Altima Hybrid                   $27,530         $22,716         17%
2011 Buick Lucerne                                  $30,495         $26,060         15%
2010 Volkswagen Routan SEL Prem $43,300         $37,673         13%
2011 BMW 335d                                         $45,025         $39,549         12%

*Due to nature of manufacturer model years, check with dealer for availability on 2010 models

**Net price is the average transaction price of a vehicle after incentives.

As we see it

Despite the fact that most of these vehicles are more expensive than most bad credit auto loan customers can afford, both the Silverado and the Kia Sportage represent outstanding values. And with inventories on both of these 2010 models dwindling by the day, it might be a good time to visit your Kia or Chevrolet dealer to see what they have left in stock.

But before you do that, we want you to know that Auto Credit Express has helped thousands of customers with bad credit buy cars and reestablish their auto credit at the same time through a nationwide network of affiliate dealers.

So if you are serious about reestablishing your car credit, you can begin the process by filling out our online bad credit car loan application now.