Get a car loan in minutes
Welcome to Lebada Motors, your premier destination for bad credit car loans in Cambridge, Ontario. We specialize in helping people with poor credit secure the financing they need to purchase the vehicle they deserve.
Fill out the form below
Our experienced team of finance specialists will work with you to find the best possible loan option that fits your budget and lifestyle. Our financing options are available to everyone, regardless of their credit history. We offer a variety of car loan options, including loans for new and used vehicles, as well as refinancing options. Our goal is to make the car-buying process as easy and stress-free as possible.
Bankruptcy and Consumer Proposal Financing
We understand that some of our customers may have experienced financial difficulties in the past, such as bankruptcy or a consumer proposal. If you’re worried that you won’t be able to secure financing for a car, don’t be. We specialize in helping customers who have been through financial difficulties, including bankruptcy and consumer proposals, secure the financing they need to purchase a car.
Get a car loan in minutes
Welcome to Lebada Motors, your premier destination for bad credit car loans in Cambridge, Ontario. We specialize in helping people with poor credit secure the financing they need to purchase the vehicle they deserve.
Apply below
Our experienced team of finance specialists will work with you to find the best possible loan option that fits your budget and lifestyle. Our financing options are available to everyone, regardless of their credit history. We offer a variety of car loan options, including loans for new and used vehicles, as well as refinancing options. Our goal is to make the car-buying process as easy and stress-free as possible.
Bankruptcy and Consumer Proposal Financing
We understand that some of our customers may have experienced financial difficulties in the past, such as bankruptcy or a consumer proposal. If you’re worried that you won’t be able to secure financing for a car, don’t be. We specialize in helping customers who have been through financial difficulties, including bankruptcy and consumer proposals, secure the financing they need to purchase a car.
Largest Canadian Auto Loan Lenders Partners
By working with the most reputable Canadian Auto Lenders we can help you.
Requirements for Bad Credit Car Loans
If you have bad credit, you may be wondering what the requirements are to get a car loan. While every lender has different requirements, there are some general requirements that most lenders will look for when considering your loan application:
Income: Lenders will want to make sure that you have a stable source of income and that you can afford to make your monthly loan payments. In general, lenders will require that you have a minimum monthly income of around $1,700 to $2,000.
Credit Score: Lenders will still look at your credit score when considering your loan application. The lower your credit score, the higher your interest rate is likely to be. However, even if you have a low credit score, you may still be able to secure a car loan if you have a stable source of income.
Down Payment: Most lenders will require that you make a down payment on your car loan. The amount of the down payment will depend on the lender and the value of the car you’re purchasing. In general, lenders will require that you make a down payment of at least 10% of the purchase price of the car.
Proof of Insurance: Before you can drive your new car off the lot, you will need to provide proof of insurance. Most lenders will require that you have full coverage insurance on your car, including liability, collision, and comprehensive coverage.
Driver’s License: You will also need a valid driver’s license in order to purchase a car and secure financing.
At Lebada Motors, we can help you navigate the car loan application process, regardless of your credit history. Our application process is simple and straightforward, and we can often provide same-day approvals. We work with a variety of lenders to ensure that we can offer competitive rates, and we can even help you rebuild your credit over time.
Contact Us Today
If you’re in Cambridge, Ontario, and you’re in need of a bad credit car loan, Lebada Motors is here to help. Contact us today to learn more about our financing options and to get started on your car-buying journey.
