5 Cheapest Cars for Subprime Buyers

When it comes to car choice for borrowers with iffy credit, pricing is only one factor that comes into play. Consumers must also consider long-term financial commitments tied to the vehicle, like cost of repairs, gas mileage, and insurance.

With those criteria in mind, CarFinance.com has compiled a list of the most economical car purchases for subprime buyers. Here’s the ranking:

1. Toyota Corolla
2. Toyota Matrix
3. Honda Civic
4. Nissan Altima
5. Honda Accord

It’ll be interesting to see how this list evolves now that Chrysler Capital is on the scene. Backed by subprime lender Santander Consumer USA, Chrysler Capital has plans to grow new-car sales to consumers in the subprime space.