Buying a car with poor credit can sometimes seem like an impossible task. Once you’ve been knocked back by your bank or other lenders, it’s easy to just give up and stick with the car you’ve got – or in some cases, no car at all.
Whether it’s through constant repairs to an old banger or the ever-rising fares for trains, buses and taxis, sticking with what you’ve got can actually end up costing you more over time.
The solution is to find where you can get a car loan with poor credit but also to find the right car. By choosing a car with a lower price tag, you won’t need to borrow as much. This means you’re more likely to get your finance approved or get a better deal overall.
Read on as we look at three of the best cars for poor credit.
1. Dacia Sandero Access
Dacia prides itself on offering a cost-effective alternative to almost any type of car. The Dacia Duster makes the continually popular SUV models a little more accessible at less than £12,000, while the Dacia Logan MCV Estate boasts a whopping 573 litres of boot space for under £11,000.
If you’re looking specifically at price as a bad or poor credit buyer, you can’t go better than the entry-level Dacia Sandero Access. From the decent boot space of 320 litres to its impressive fuel-efficiency at 55 miles per gallon, the Sandero Access is a great all-rounder, with an even better price tag.
2. Skoda Fabia
If you like the reassurance of a big-name manufacturer but don’t like the price tag that comes with it, Skoda Fabia is a great way to get the best of both worlds. We know what you’re thinking – Skoda is hardly a household name. However, as part of the VW Group, it has access to the same design and most of the same parts at the much-loved Volkswagen Polo.
With the base version of the Skoda Fabia from as little as £13,000, you can effectively get the drive of a Polo without the cost. With neat little features like DAB and Bluetooth as standard, this certainly won’t feel like a car for poor credit.
3. Citroen C3 Aircross
Citroen is perhaps best-known for its iconic people carrier, the Grand C4 Picasso. However, if you’re looking for something a bit more current, the Citroen C3 Aircross could be right up your street. This stylish SUV combines the comfortable driving experience of an SUV with the convenience and functionality that its C4 counterpart has become synonymous with.
Its impressive dimensions provide plenty of space within, extending from spacious seating and leg room to the 410 litres of boot space. That’s paired with a 1.2 litre petrol engine which offers a combined fuel economy of 51.5mpg. The result is a car that’s not only good for buying a car with bad credit – at a relatively low £18,000 brand new – but also pretty cheap to fill up and insure.
New or used cars for poor credit?
The cars listed above are some of the most affordable new models on the market. These will give you a good idea of the best brand new options for buying a car with poor credit. However, it’s important to weigh up both new and used cars to decide which is best for you.
With a new car, you’ll get a longer warranty, the latest features and typically a bit more fuel-efficiency. However, with a used car, you’ll benefit from proven reliability and cheaper insurance. Crucially, given that cars lose a big chunk of their value once they leave the dealership, used cars come at a lower cost.
Given that the cost of the car itself is a major factor for the cost of car finance, that means you won’t need to apply for quite as much. The great thing is you could have it paid off quicker or with lower monthly instalments. Either way, it will make it even easier to stick to those payments and improve your credit rating over the coming months and years.
Securing finance with poor credit
If you’re exploring buying a car with poor credit, speak to the team at My Car Credit. We draw upon a network of 27 trusted lenders to finance cars for poor credit, so you can spread the cost of your new ride regardless of your credit history.
Apply online today or contact our team to talk through your options with no obligation.
Rates from 6.9% APR. Representative APR 14.9%
Evolution Funding Ltd T/A My Car Credit
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