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. Our vehicles, our decision. Because we own the cars, we decide who drives them, not a credit score cut-off at a bank. We look at your whole situation, personally and directly.
And leasing is just one way we can help. If financing suits you better, we work with lending partners from subprime to prime to find the option that fits your credit, your budget and your plans. All financing O.A.C.
What Is In-House Financing, Exactly?
In-house financing means the dealership makes the decision, not a bank. At Legacy, that means leasing: we own the vehicles, we review your application ourselves, and you make your lease payments to us directly, with no bank or third-party approval standing between you and a vehicle. When financing through one of our lending partners is the better fit, we arrange that too. All leases and financing O.A.C.
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 the same business 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 — vehicles that meet Ontario safety standards, with at least half the life left on tires and brakes, backed by our 5-Day Exchange Privilege on delivered vehicles. 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: Meet Ontario safety standards, at least half the life left on tires and brakes, 5-Day Exchange Privilege on delivered vehicles
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 adds positive history
Your Lease Is Also Your Credit Rebuild Tool
Every month, we report your payment history to Equifax. That means this isn't just a lease — it's an active step toward financial recovery.
Many of our customers see meaningful score improvement within about 12 to 18 months of consistent on-time payments - though results vary based on your credit history, how consistently payments are made, and other information on your credit file. Over time, some customers go on to qualify for lower rates than they could access before. That's not a coincidence. That's the plan.
Have credit questions? Our Credit Education page has plain answers about credit, debt, consumer proposals and bankruptcy. It's free to read, not a paid service, and not a promise about what your score will do.
Questions We Hear Often
Can I get approved if I'm still in a consumer proposal?
It's possible. You don't have to wait until you're discharged, and many of our customers come to us while in a consumer proposal. We work with trustees regularly and understand the process. All leases and financing O.A.C.
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 vehicles that meet Ontario safety standards with at least half the life left on tires and brakes, a 5-Day Exchange Privilege on delivered vehicles, and rates starting at 11.9% OAC. We're also part of the Walkerton Toyota 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?
It's possible. If you're planning to file, we can look at your situation before you file, so your transportation is part of the plan. We'll work through what happens to your current vehicle with you and your trustee. All leases and financing O.A.C.
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Contact Us
Tel. (519) 507-2277
contact@legacyautocredit.ca
131 Kincardine Road Walkerton, ON
