The upcoming Fiesta added to the current round of Ford new car incentives means bad credit car loan shoppers will have even more choices this month as well as in the months to come
New car incentives for bad credit auto loans
The best thing that we can do when working with people who have bad credit, here at Auto Net Financial, is to help our applicants raise their FICO scores and reestablish their auto credit (a form of credit repair) by filling out our online bad credit auto loan application and financing a vehicle through one of our nationwide dealers that specializes in second chance auto loans.
Along the way, as we’re doing now, we try to provide our applicants with the information they need in order to make educated decisions about the kind of loan they should choose (such as a tote the note loan versus a bad credit car loan). We do this because bad decision at this time could result in a loan they can’t afford which could turn into in a repossession that could lower their credit scores even further.
Used or new
Even though most shoppers approved for auto loans for bad credit will end up purchasing a used car, there are a number of affordable new cars on the market that, given the right new car incentives or even a low entry price, can make a new vehicle nearly as affordable as many used cars. Ford Motor Company recently announced its May new car incentives that not only include low APR rates for the best qualified customers, but also offer alternative cash-back programs – what we’ll concentrate on here – that even bad credit auto loan shoppers can take advantage of.
Ford new car incentives thru June 1, 2010
Although the Ford Mustang, Taurus, Edge, Flex, Explorer, Expedition and F-150 are normally well beyond the budgets of most buyers applying for car loans with bad credit, there are a number of Ford cars and at least one truck that can sometimes work. May incentives for these vehicles are as follows:
Cars:
• 2010 Focus – $3,000 in total customer cash
• 2010 Fusion – $2,000 in total customer cash
The Ford Focus has a base price that ranges anywhere from $16,290 to $17,170. The Ford Fusion, although sitting at the very edge of affordability for most bad credit auto loan shoppers at $19,695, might work out for bad credit auto loan shoppers who have higher incomes or a large down payment.
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Truck:
• 2010 Ranger – $2,000 in total customer cash
The Ford Ranger has a base price of $17,820. Although smaller than the F-150, its base price is also $4,000 lower and it gets better gas mileage –important considerations for anyone on a tight budget.
2011 Ford Fiesta
A vehicle that should be of special interest to credit-challenged consumers is the upcoming 2011 Ford Fiesta. Although it doesn’t have any rebates, the fact that it has four doors, is very fuel efficient, and has a starting price of just $13,320 are reasons enough to put it on your new car list.
The Ford Fiesta should be available sometime this summer.
The Bottom Line
Even if your credit score falls into the subprime range, bad credit car loan buyers can still qualify for the consumer cash offered on the aforementioned Ford vehicles, which will help lower the monthly payment and the overall finance costs associated with car loans for bad credit.
Everyone needs a car. Before you buy a car from a local Tote the Note, We Finance Everyone car dealer, you should consider applying for a bad credit car loan from Auto Net Financial, a leading national dealer network for people with bad credit. Our credit application is encrypted so your personal information is secure, and you can fill it out in the comfort and security of your home.
So why not begin the process of rebuilding your credit by filling out our online bad credit car loan application.
