Drivers with bad credit car loans will be looking for the best deal when they get to the dealership. There are many options available to them, but a few cars stand out about the rest.
MSN recently mentioned the Hyundai Elantra as a pick in the increasingly-crowded compact class for a “best used car to own.” Hyundai’s low prices means that drivers with bad credit have been choosing them for years, but the conventional wisdom among the auto industry was that they were getting what they paid for in that the cars were often unreliable.
Since then, the company has made great strides in updating their vehicles to the point that they make great value buys. A new Elantra retails for about $14,000 new, but drivers will likely be able to find plenty of used options for under $10,000. The car gets 27 miles per gallon and comes with a warranty if bought through Hyundai’s certified pre-owned program.
If a driver plans on driving the Elantra for many years, they might want to pay a few extra bucks to get the car new. That’s because new Hyundai’s come with a generous 10-year, 100,000 warranty. A few of the late-model used cars in the pre-owned program retain this warranty, but drivers are more likely to find a five-year 60,000 mile coverage – still good, but not as valuable as the 10-year deal.