Last year, the National Highway Traffic Safety Association (NHTSA) issued a Comparison of Insurance Costs report, covering 2008 to 2010 models.Since the premium for auto insurance can add significantly to monthly car expenses, finding a car that is less expensive to insure can help lower the overall costs of a bad credit auto loan. The report lists the average collision claims costs of different makes and models, making it an especially valuable tool for bad credit buyers on a limited budget.

If you are about to purchase a new car, the payment may concern you. There is a method you can use to calculate your car payment if you know some of the terms. Calculating a payment beforehand lets you know if the payment will fit into your budget. You can also determine if you need a larger down payment to reduce the loan amount, which helps decrease your monthly payment.