If you're like most people with a credit ding or two, you can expect to be offered a bad credit car loan with a monthly payment between $250 and $300, or, roughly, a $10,000 to $12,000 loan. In our research on that price range we've found:
LUXURY AND BLING!
Sure, the newest Escalade costs more than $50,000, but the first ones (2000 models) can now be found for less than $15,000 used -- and you can spiff it up from there. You could spend $16,000 on a new Mazda -- or get an 04 Infiniti G35 for the same price.
SUZUKI POWER:
The king of new cars for bad credit. Suzuki has five models BRAND NEW that list for under $15,000, including a small SUV. Thing is, according to the experts, they hold up real well, too.
HYUNDAI & KIA BLUES
Years ago, loans for iffy credit drove the sales of these two companies. Now both are making
pretty solid cars and striving for a bigger market. The Kia Rio (around $10,000) is the highest rated subcompact by J.D. Power.
THINK AMERICAN
You can find a brand new Chevy Aveo at closeout prices for under $10,000 -- and it's unbelievably good on gas. Some of the small Fords are not only fuel-efficient, but highly rated by folks such as Consumer Reports.
OVERBUILT TRUCKS!
For the first time in maybe forever, Toyota overbuilt for the U.S. truck market, and prices may never been this low again. If you don't believe it when we say these trucks are indestructible, click here and here.
To research more:
We suggest the cars.com article on Best Used Cars for $10,000, the autoloan.com feature on best cars for bad credit car customers, or the top cars for bad credit auto loans researched at Auto Loan Central.
Intellichoice
is famous,
for its Best
Deals of the
Month feature.
Consumer
Reports has
a Web page
on the best
new car deals
right now.
CNN Money joined
with CarsDirect for this feature on best car bargains on the market. What's interesting is how often you see the same cars showing on on different lists. The auto critics really, really like the new Chevy Malibu and the Ford Fusion is quite well respected, too. And thanks to the brutal state of car sales nowadays, these are cars that will never be this cheap again.
If you can find a loan during the credit crunch, this is a great time to be buying a car. And we can help you get an auto loan.
And finally, here are 15 outrageous cars you'll never, ever own.
Top cars for bad credit auto loan customers |
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