Just because you have a tight budget does not mean that you have to settle for a car without style. If you are looking to get a car loan with bad credit or no credit, you will likely be required to make a substantial down payment. Fortunately there are many options available for affordable vehicles that turn heads. Here are some suggestions to help you in your search.
Yes, you can get a head-turning sports car for under five grand! Consider the 1997 Ford Mustang. The Mustang has long been known as the quintessential muscle car. If you have a taste for sports cars, go with a 1996 model or newer, also known as a fourth-generation Mustang. Ford made several design changes to the fourth-generation, which made the car more aesthetically appealing than its third-generation predecessors. Mustangs made after 1996 feature the powerful 4.6 liter V8 engine. If you prefer a convertible, the fun 1997 Mazda Miata is definitely the way to go. You'll enjoy driving around in your two-seater Miata, and the ride will be that much sweeter knowing that your car loan payments are affordable.
For the Family
If you are needing something to get you to and from school, after-care, and soccer games, you might be pleasantly surprised to find out that there are many great minivans and SUV's available for less than $5000. The 2000 Honda Odyssey is definitely within your budget, and comes with the reliable construction that Honda is famous for. Honda was a pioneer in several now-common features, including sliding doors on both sides. For those who prefer an SUV, consider a 1995 Toyota 4Runner. While SUV's are notorious for being gas guzzlers, Toyota made the 4Runner smaller than its competitors and offered a more gas friendly 4-cylinder engine. Yet the roomy cabin will allow plenty of space for your kids and their sports gear.
When buying an older car, it's important to get it looked over before purchasing. Have a third-party mechanic take a look under to hood to spot any possible problems. This way you'll know for sure you are getting a great deal.