 Best cars for bad credit loansA slow car market is good news for you2008 will go down as the worst car sales in 15 years. Dealers got clobbered with not enough small cars, too many big ones and too big a used car backlog that piled up while credit was easy. The need to convert inventory to cash, and are currently offering unbelievable discounts and big incentives. There are 09s showing up on lots with rebates -- and that never happens. We'll start with new cars, and leave used cars for page two, because, again, there's a trend in your favor. The cheapest cars on the lot are usually the smaller ones, and that means they are easy on gas. On the flipside, high gas prices have forced steep price cuts in used trucks and SUVs. It's just a great time to be buying, all in all. | ||
Now remember that when you see a car advertised around $10,000 (ala the Chevy Aveo), it's generally going to be a stripped-down model. So you can expect to pay more for air conditioning or power steering or whatever, so be ready to deal. Fuel-efficient cars of note include the Toyota Yaris and Honda Fit, though the Nissan Versa and Chevy Cobalt are cheaper (and rate about as well with the experts). The Hyundai Accent is essentially the same car as the Kia Rio, and the Rio is not only generally a little bit cheaper, it's been the highest rated subcompact car by J.D. Power for years. | ||
The king of new cars for bad credit customers remains Suzuki, a company with five 08 models under $15,000 brand-new. Finally, a special nod to the Ford Focus. It lists higher (about $13,000) but includes more in the base price and scores well with the experts. It's also being discounted like crazy. On to best used cars for bad credit > > > | ||
