Even people with bad credit can find great deals when purchasing a new automobile this September. Despite common belief, bad credit auto financing is available for new cars. To keep interest rates, auto insurance, and gasoline costs low, a compact or midsized car is recommended for bad credit car buyers.
Selecting a short financing term enables people to refinance their vehicles sooner at a lower interest rate. This leads most car buyers to choose a used vehicle because the lower purchase price equates to lower monthly payments. However, there are several new cars that even people with bad credit auto financing will find affordable.
The four-door, 1.6-liter, automatic 2011 Nissan Versa costs just $13,180 before taxes. For a slightly lower price of $13,135, car buyers can find themselves behind the wheel of a 2011 smart fortwo hatchback. In September, Suzuki is offering a $1,250 rebate on its 2011 SX4, bringing the price to $13,014 before taxes. Another reasonably priced four-door vehicle is the 2011 Nissan Versa. The 1.6-liter manual model is currently selling for $12,180.
Kia has a $1,000 September rebate for the 2011 four-door base model Rio with a manual transmission. Post-rebate price is just $11,750 before taxes. Those who prefer manual engines may also enjoy the 2011 Chevrolet Aveo5 LS, being offered at $11,375 after a $1,500 rebate. Its sister model, the Aveo LS, features the same rebate, bringing its price down to $11,225.
The two most reasonably priced new cars this month are the base model of the 1.6-liter 2011 Nissan Versa, which is selling for $10,750 and the $10,375 two-door 2011 Hyundai Accent GL. New cars like these are reliable and backed by a warranty. Available incentives and rebates reduce the selling price and can sometimes be applied toward the down payment required by a bad credit lender.
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