Applying for a bad credit car loan does not mean that consumers have to lower their standards when they're perusing a local dealership.
Regardless of an individual's financial standing, safety should be a top priority. Car manufacturers are working tirelessly to produce vehicles that are cost-efficient as well as safe for drivers.
For example, The Associated Press recently reported that the Chevrolet Volt and Nissan Leaf – which are classified as small cars – received top safety scores for front-, side- and rear-impact crashes. The test was was conducted by the Insurance Institute for Highway Safety (IIHS).
Both the Volt and Leaf are the first electric cars to be graded by an insurer-funded research group, the news source reported.
"What powers the wheels is different, but the level of safety for the Volt and Leaf is as high as any of our other top crash test performers," said Joe Nolan, the CEO of IIHS.
According to CNET.com, the demand for electric vehicles has significantly spiked in recent years. The upfront expense of these cars, in which half of the cost covers the batteries, will drop as their production increases.
Individuals who are looking to purchase an electric-power vehicle can apply for an online car loan to finance their purchase.