While some people may be wary about buying a used car, the truth is that it is the best way to make the most of your bad credit auto loan. Some lenders even offer used car loans so that people in poor financial standing can still afford a way to get around.
According to Consumer Reports, there are many vehicles out there that are in just as good condition as brand new models. Its statistics showed that several cars from 2008 had "the same number of problems as, or fewer problems than" their 2010 counterparts.
Japanese cars proved to have the least amount of problems for consumers, which bodes well for people who have auto loan debt, as they won't have to spend as much money on the maintenance of their used vehicles.
The news source reports that the best model for a used small car is the Honda Fit, passing a series of road tests against the latest version of itself. The Chevrolet Aveo and Smart Fortwo are among the models that came in with the lowest scores in Consumer Reports' tests.