Secure vehicle financing approval in minutes with our lightning-fast online credit application!

Welcome to Lebada Motors’ online credit application page! Applying for vehicle financing has never been easier. Our easy online credit application form takes just a few minutes to complete and is designed to get you the financing you need quickly and hassle-free. Fill out the form with your personal and financial information, and one of our experienced finance managers will get back to you with your loan options and help guide you through the process.

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.

We have partnered with the most reputable Canadian auto lenders to assist you.