Someone seeking an auto loan with bad credit can face ridiculously high interest rates if they are not careful. Add those interest rates to an expensive car and you have a formula for certain repossession. Here are the ten most affordable cars for people who need second-chance financing.
The list includes:
- 2010 Chevrolet Aveo LS
- 2010 Hyundai Accent Blue
- 2010 Kia Rio 4dr
- 2011 Hyundai Accent GL 2dr
- 2011 Nissan Versa 4dr
- 2012 Hyundai Accent
- 2011 Chevrolet Aveo LS
- 2010 Chevrolet Aveo5 LS
- 2011 Chevrolet Aveo5 LS and the…
- 2011 Kia Rio 4dr
In addition to low base MSRP, all of these models offer sweet incentive packages that can lower the amount you have to finance to $10,000. Most of the automakers will require that you put any cash back awards towards your down payment, but all that does is lower your monthly payment.
A sub-prime or second chance auto loan can be costly if you do not take care with the vehicle that you purchase. Keep the MSRP low and the incentives high; and you will be able to buy a respectable car with an affordable payment.
Sorry, comments are closed for this post.