Family responsibilities can create credit problems for some Americans. In an attempt to cover the bare essentials, such groceries, healthcare costs and mortgage payments, some adults find themselves in a financial mess.
However, a poor credit history should not dissuade individuals from considering their family's safety and comfort when they are applying for a car loan. By securing a bad credit car loan, consumers can still shop for a vehicle that makes the entire brood happy.
Although some shoppers may opt for a used car loan to maximize their savings, there are affordable new models on the market that are well-suited for families. By utilizing a car loan calculator, moms and dads can determine which vehicles are in their price range.
According to Kiplinger's Personal Finance (KPF), the 2011 Hyundai Sonata is one of the best family cars available. Not only does the mid-sized sedan boast a strong fuel economy rating – 35 highway miles per gallon – the back seat can fit two child car seats and offers "decent legroom and cup holders in the rear armrest," according to Jessica Anderson, associate editor of KPF.
"The 2011 Sonata is a smart buy for families looking for class-leading comfort, an EPA designated large volume interior and advanced standard safety technologies," said Scott Margason, director of product planning for Hyundai Motor America.