FINANCE A NEW CAR

Written by Administrator | 05 August 2011

Financing a new car with bad credit

If you happen to be applying for no credit auto loans you may want to know if you can afford to finance a new car.

We know all about this because for nearly nineteen years we've been working in bad credit car sales and have helped bad credit buyers obtain approved auto loans

We've explained why a tote the note dealer won't help their credit scores and outlined the loan process (to reduce the chance of repossession).

Choosing a car

Bad credit auto loans are best used to finance a compact or midsize car. This saves on interest, gas and car insurance costs. Financing for the shortest term also means you'll be in a position to re-finance or purchase another vehicle at a lower interest rate even sooner.

Because of this, most poor credit customers will choose used car. But often there is another choice – an inexpensive new car.

New cars are reliable, covered by a warranty and rebates and new car incentives can lower the selling price and sometimes contribute to the down payment requirements of a few bad credit lenders.

With almost the entire month August in front of us, you have more than four weeks to check out one of the following affordable new cars:

The top 10 least expensive new cars for August 2011

We've taken the time to combine the most affordable new vehicles in the U.S. (eight of them 2011 models and two of them 2012's) with any available new car rebates to come up with the ten least expensive vehicles for the month of August, 2011. All vehicle prices include destination charges, but not the taxes or fees that vary by state.

#10 – 2011 Suzuki SX4
Base price – $14,244
August rebate – $1,250
Price before taxes – $12,994

#9 – 2011 Nissan Versa 4dr 1.6 automatic
Base price – $12,990
August rebate – $0
Price before taxes – $12,990

#8 – 2011 Nissan Versa 4dr 1.6 manual
Base price – $12,030
August rebate – $0
Price before taxes – $12,030

#7 – 2011 Kia Rio 4dr base manual
Base price – $12,990
August rebate – $1000
Price before taxes – $11,990

#6 – 2012 Nissan Versa 1.6 S manual
Base price – $11,740
August rebate – $0
Price before taxes – $11,740

#5 – 2011 Chevrolet Aveo5 LS manual
Base price – $12,835
August rebate – $1500
Price before taxes – $11,335

#4 – 2011 Chevrolet Aveo LS manual
Base price – $12,685
August rebate – $1500
Price before taxes – $11,185

#3 – 2012 Hyundai Accent base manual
Base price – $10,920
August rebate – $0
Price before taxes – $10,920

#2 – 2011 Nissan Versa 4dr 1.6 base manual
Base price – $10,740
August rebate – $0
Price before taxes – $10,740

#1 – 2011 Hyundai Accent GL 2dr
Base price – $10,705
August rebate – $0
Price before taxes – $10,705
Imagine getting a new car for under $11,000 before taxes with one of the best new car warranties in the business! Since this Accent is a base model, you may have to do a little searching to find one. But if you can, you'll find it's a great deal for the month of August.

As we see it

Affordable new cars, some with August new car incentives, are a great way to be sure the car you're driving is reliable. Some lenders even allow a portion of new car rebates to contribute towards the down payments of bad credit auto loans.