Good Car Brands To Buy When Your Credit Is Limited

A lot of us have less than perfect credit these days, having just come out of a whopper of a recession, some of us have lost our jobs, had to take jobs for less pay, and even missed some payments on our bills, some of us have even just gone through a bankruptcy – it’s not easy out there today.

But, we still need wheels in order to function.  So, what are some good car brands when credit is limited and tight?  Well, you’re going to want to look for brands that have high safety rating, get good gas mileage, and have the best warranties.  Let’s go through why exactly this is the case.

First of all, and probably most importantly, you want to try to buy a car that has great safety ratings, because this is going to keep your insurance payments down, in turn allowing you to afford a bit more car.  You have to take your overall costs into consideration, and that includes paying your monthly insurance.

One good brand of note would be Hyundai, they have great safety ratings, the vehicles are priced well, and they get great gas mileage.  Why is good gas mileage important?  Hello?  Because you’re going to have to fill up the tank, and the less that you pay in gas the more money you’ll have for financing your car.  Again, typically the Asian car brands are great for people with less than perfect credit; have they figured something out about us Americans?  It would seem so.

But, the truth is that American car companies are on the rebound in many areas, with brands like GM, Ford, and Chevy beginning to manufacture quality smaller cars with good gas mileage.  So, you could certainly have a look a few of the American models – the Ford Focus is a good start.  However, the Koreans (Hyundai) and the Japanese pretty much own a large part of the market for very affordable, safe, and fuel efficient cars.

VW’s that run on diesel engines are also very affordable, get good gas mileage and have good safety ratings, so they are a possibly as well.  The brands to stay away from would be the luxury brands, like Acura, BWM, and Saab because their business model focuses on higher income folks with good credit.  But, if you really, really want one you might be able to get one of these high end cars…if you can afford to put down a very high down payment, and you’d be looking at a very high interest rate, just so you know.  When your credit is limited your best bet is something simple, affordable, and safe.