The editors at Kelley Blue Book recently released a list of ten tech-savvy cars and the good news for credit challenged shoppers is they are all relatively affordable
Looking for Cars with the Most Tech
At Auto Credit Express we realize that most buyers with bad credit will ultimately finance a certified pre-owned or regular used car. But we've also noticed an industry trend that shows more borrowers with credit issues are financing affordable sub-compact and compact new cars for a variety of reasons, from MPG to MSRP.
But buyers are targeting something else with their buying habits, and that's cars with the latest in technology. However being on the cutting edge isn't cheap, which begs the question, can consumers with problem credit afford to finance these types of vehicles on a bad credit auto financing budget?
Fortunately, a recent article from Kelley Blue Book (KBB) addressed this question.
10 Tech-Savviest Cars Under $20,000 Of 2014
The article, entitled "10 Tech-Savviest Cars Under $20,000 Of 2014 Named By KBB.com" listed, in order, these ten 2014 and 2015 models:
- 2014 Mazda3
- 2015 Honda Fit
- 2014 Honda Civic
- 2014 Dodge Dart
- 2014 Nissan Versa Note
- 2014 Toyota Corolla
- 2014 Kia Forte
- 2014 Ford Fiesta
- 2014 Hyundai Elantra
- 2014 Chevrolet Spark
According to KBB's Jack Nerad, "Many inexpensive new cars now feature technology that was unavailable at any price just a few years ago. Today budget-conscious car buyers can purchase an affordable sedan with amenities like a rearview camera, Pandora radio integration and full infotainment systems, items previously only available in top-of-the-line models."
The Bottom Line
Consumers should always be conscious of price when picking out a new car, especially if they'll be financing it with a subprime auto loan. But it's also good to know that even budget-conscious buyers now have the opportunity to prequalify for an auto loan and finance a new car equipped with some of the latest technologies.