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Learn more about auto finance, bad credit car loans, credit tips & tricks, DIY and the latest in automotive news.

  • Can You Get a Loan With a Credit Score of 580...

      If you have a 580 credit score you may be wondering if it’s possible to get a loan. Learn whether you can get a loan with a credit score of 580 and how to do it. IN THIS POST, WE COVER: C...

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  • What is Considered Bad Credit?

    What is Considered Bad Credit? Whether it’s a credit card, a car loan or a mortgage, credit is a part of life for most adults. You probably know that credit is important, but you’re not alone ...

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  • Top Budgeting Apps for Canadians in 2019...

    In this day and age, we’re used to lightning speed technology and getting answers with a swipe of our smartphones. With so many resources at our fingertips, people are moving away from tradition...

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  • What Is the Minimum Income for a Car Loan?...

    What Is the Minimum Income for a Car Loan? May 16, 2019 When you have bad credit, your income plays a major role in whether or not you qualify for a car loan. A steady income that meets the minimu...

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  • How is Credit Score Calculated ?

    How is Credit Score Calculated? May 16, 2019 Your credit score plays a big role in your financial life. A low score can hurt your chances of getting approved for a loan and a high score can give ...

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Testimonials

We are committed to making you a long-lasting customer and friend.

  • Patricia Penkauskas

    Vic and Maria are both fabulous to work with. From start to finish, they both made this experience smooth, and efficient. They are both highly professional and went the extra mile to get me into my vehicle quickly due to time constraints on my end. I highly recommend Legacy Auto and comend them for having this great team on board.

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  • Samantha Hunter

    All of the staff that we have met and spoke with have been amazing from start to finish! Thank you all so much! Not to go into too much detail but my fiancé and I had to have just about every possible factor that would make getting into a new car pretty much impossible working against us... but Maria and the awesome team here made it happen! She played [...]

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  • Leslie Mathews

    Thank you Maria. So excited about getting my new car!!! You made this the best experience Iv ever had. Every question I had you answered and made me feel very comfortable and informed about the whole process. I will recommend you every chance I get. you are so friendly and there to honestly help.

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  • Kyle Logue

    Matt was very helpful, kind and thorough when helping me find a car. Although we were unable to find something that fit my budget, he never ceased to go above and beyond. He really put a lot of effort into helping me and it was very much appreciated.

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  • Jamie Crane

    Vic was amazing at helping me get financing for a new vehicle. extremely nice and welcoming and straight forward. i recommend anyone looking for a new car to go and see Vic.

    Read more at Google

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FAQ

Can I get a car loan if I’m filing bankruptcy?

Absolutely! Legacy Auto Credit will provide you with a vehicle the day you sign with the trustee.  We recommend that you apply for Legacy Auto Credit In-House financing before filing bankruptcy. Approval is based on affordability not your current credit situation.

How do I rebuild my credit?

Step one: Obtain a copy of your personal credit report and insure accuracy. Step two: Work with your creditors to improve ratings where possible. Step three: Put together a game plan to deal with your outstanding accounts Step four: Improve your credit score with a new auto loan. Step five: Pay all accounts on time and as agreed. Step six: Protect your credit; it’s your lifeline!  

How do I see my credit report?

There are two major credit bureaus in Canada where you can view your personal credit report:  You can get your FREE credit report at these links, transunion and equifax .We recommend you go to their websites to learn more about credit and how credit reports work. The FREE credit report doesn't come with a score.  If you want your score and report quickly you will have to pay for it online. Contact us if you have any questions.

What are the benefits of getting pre-approved?

By filling out an application for pre-approval, you can go into the dealership with peace-of-mind knowing exactly what you qualify for. No point in trying to purchase a full size SUV when you can only qualify for a mid-size. If you are uncertain about your current credit situation, it is especially beneficial to go through the pre-approval process. You can save a lot of time and potential embarrassment by knowing up front if there might be any reason that you may not qualify for prime finance programs.

Will my interest rate be high if I have bad credit?

Hasn’t it happened to all of us that we have had a car accident or some speeding tickets and our insurance premiums have gone through the roof? Well just as your insurance company bases your premiums on risk, car loan lenders work the same way. If you have had some credit hiccups along the way, lenders will increase your rates based on the associated risk. The good news is that at Legacy Auto Credit we realize that bad things happen to good people. We look at your affordability and not so much your current credit issues. Our Bankruptcy and Consumer Proposal rates range between 9.9%-16.9% with the average being 12.9%. Our goal is to get you back to low rates. We show you how to re-establish your credit and report your payments to Equifax.

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