The condition of getting a car loan depends upon several factors. Not only the type of the car is applicable but your source of finance, credit score, valid identity proof and the amount of down payment are also important. In case of having a good credit score, you may get a car loan easily on buying any of the affordable new cars.

Nissan Versa Note, Ford Fiesta S Hatchback, Kia Soul Wagon, Toyota Yaris, Chevrolet Spark and Mitsubishi Mirage are some of the cheapest compact cars.

When it comes to electric cars, you should make a note that they are more expensive than the regular vehicles that are available in the market. Though they come at a higher price, maintaining electric cars can save your money as fuel consumption cost cuts down 2 to 3%. In other ways, electric cars can prove to be the affordable new cars on a differ