In-House Financing for Credit Challenges — We Make the Decision, Not a Bank
Turned down because of your credit? It might not be you — it might be the way banks make decisions. Ours is different.
Most lenders feed your information into a system. If the score comes back below a threshold, it's an automatic no. No conversation. No context. No consideration of why things went the way they did.
We don't work that way. We finance in-house, which means we're lending our own money. And because it's our money, we get to decide — personally, directly, with your whole situation in front of us.
What Is In-House Financing, Exactly?
In-house financing means the dealership is also the lender. We provide the funds, and you pay us back directly — no bank, no credit union, no third-party approval process standing between you and a vehicle.
That matters because traditional lenders have rigid criteria. Minimum credit scores. Minimum employment history. Debt-to-income ratios that don't account for real life. If you fall outside their box — even slightly — you're out.
We built our in-house program specifically for people that box doesn't fit. Consumer proposals. Bankruptcy. Missed payments from a rough stretch. A repossession that happened when things fell apart. These aren't disqualifiers for us. They're the situations we work with every day.
This Program Is Built for You If...
If any of those sound familiar, you're not a risk. You're a person. And this program was designed for exactly where you are.
You've filed a consumer proposal or are about to file
You've filed for bankruptcy or been discharged within the last few years
You've had missed payments, collections, or a repossession on your record
You're self-employed or have variable/contract income that banks don't know how to read
You have no Canadian credit history
You've been turned down before — more than once
You need a vehicle that fits your budget, not just any vehicle
The In-House Financing Process
Step 1: Tell Us Where You're At
Fill out our short form. Tell us a bit about your current vehicle situation and what you're looking for. No credit application at this stage. No impact to your score. Just a conversation starter.
Step 2: We Review the Whole Picture
One of our Credit and Finance Advisors will reach out — usually same day. We'll talk about your income, your monthly obligations, and what payment range actually works for your life. Then we'll tell you exactly what your options look like.
Step 3: We Match You With the Right Vehicle
Once we understand your budget, we pull from our inventory — low-kilometre vehicles, multi-point inspected, backed by our 5-Day Exchange Guarantee. We find the right fit, not just any fit.
Step 4: Drive Away or Have It Delivered
Sign digitally from home or in person. Pick it up in Walkerton, or we bring it to your door — anywhere in Ontario. Your choice.
The Numbers, Plain and Simple
All costs are disclosed upfront. No hidden fees. No surprises at the table.
Rates: Starting at 11.9% OAC. No predatory 30%+ rates — ever.
Vehicles: Low-kilometre, multi-point inspected, 5-Day Exchange Guarantee
Lease terms: 2 to 5 years
Delivery: Anywhere in Ontario
Finance terms: 2 to 8 years
Consumer proposal clients: Yes. Before or after filing.
Down payment: Depends on your situation — we'll be upfront about what's needed
Bankruptcy clients: Yes. Discharged or undischarged — we'll assess your specific situation.
Credit reporting: Equifax, monthly — every on-time payment builds your score
Your Loan Is Also Your Credit Rebuild Tool
Every month, we report your payment history to Equifax. That means this isn't just a car loan — it's an active step toward financial recovery.
Most of our customers see meaningful score improvement within 12 to 18 months of on-time payments. A few years in, many are qualifying for prime rates they couldn't have accessed before. That's not a coincidence. That's the plan.
We also connect every customer with our Credit Helpers program — free consultations with Jim Ferguson, our CAIRP-certified Licensed Insolvency Counsellor, on budgeting, debt strategy, and credit rebuilding. It's built into how we work, not an add-on.
Questions We Hear Often
Can I get approved if I'm still in a consumer proposal?
Yes. You don't have to wait until you're discharged. Many of our customers come to us while actively in a consumer proposal. We work with trustees regularly and understand the process. If you're about to file, coming to us first can help you secure your vehicle before the proposal begins.
How is this different from a buy here pay here dealership?
The difference is in quality and transparency. Some buy here pay here dealers offer older, high-mileage vehicles at inflated prices with rates that can exceed 30%. Our in-house program features low-kilometre vehicles, multi-point inspections, a 5-Day Exchange Guarantee, and rates starting at 11.9% OAC. We're also part of a Toyota and Hyundai franchise family, which means dealership-level standards applied to every vehicle we offer.
Will you check my credit?
We may. But a credit check only happens after we've had a conversation and you've decided you want to move forward — with your permission. Filling out our initial form does not trigger a credit check and will not affect your score.
What if I've been turned down somewhere else recently?
That's the most common situation we see. Turndowns happen for all kinds of reasons — too much debt, not enough time on the job, non-garnishable income, credit history. We look at those reasons alongside your full income and budget picture, and work out a plan that addresses what's actually causing the decline.
Can I get a vehicle before I file for bankruptcy?
Yes — and often that's the best time. If your current vehicle has high payments or negative equity, securing a stable, affordable vehicle through our in-house program before filing means you go into bankruptcy with reliable transportation already handled. We can walk you through exactly how this works.
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Contact Us
Tel. (519) 507-2277
contact@legacyautocredit.ca
131 Kincardine Road Walkerton, ON
