BUYING A CAR WITH BAD CREDIT
For some people, it is difficult to get leasing or financing when buying a vehicle. It might be because you have bad credit due to previous bankruptcies or other financial difficulties, or you just immigrated to Ontario and have no credit history at all. The problem is that when you try to get a lease or a loan to buy a car, the bank or dealership runs a credit check and see their history of bad or no credit history. If they think that you are a risk and might fail to make their payments, they are more likely to deny you.
However, this does not necessarily mean that you won’t be able to get a lease or loan as there are ways to improve your bad credit or grow your credit history from nothing. Here is our guide to help you buy a car regardless of your credit situation.
Buying a Car with Bad Credit