What is a Sub-Prime Automotive Loan?

A subprime auto loan is a loan made to an individual with a poor credit history or low credit score.

What is considered a Sub-Prime credit score?

Anything below 619 is considered a Sub-Prime credit score. Our Credit Specialists are here to discuss your best loan options.

Who do our Credit Specialists primarily work with?

  • Bankruptcy
  • New to Canada
  • Self Employed
  • No/Bad credit
  • Consumer Proposal

What are Sub-Prime Automotive Loan Options?

In-House Financing:

In-house financing means that you borrow directly from our dealership rather than a financial institution and make loan and interest payments to us. In-house financing typically leads to easier approvals, more flexible interest rates, and credit building opportunities. We also provide the option to refinance your auto loan. Our Credit Specialists can look into your payments, interest rates, etc. and restructure the loan so that it’s easy for you to maintain and pay back.

Why Choose In-House Financing?

In-house financing is a great option if you do not qualify for traditional financing through a bank. In-house financing allows you to work directly with our Credit Specialists to find flexible and affordable payments within your budget.


If you have a current auto loan and are looking to get into a new vehicle, Lakewood Chevrolet offers re-financing. This means we can replace your current auto loan with new terms, to get you into a vehicle that better suits your needs. Our Credit Specialists can look into your payments, interest rates, etc. and restructure the loan so that it’s easy for you to maintain and pay back.

What if I have bad/no credit?

Our Credit Specialists work with all credit scores, including no credit. We go beyond your credit score to consider factors such as current debt, spending habits, and lending risks. We want to get you approved for an affordable auto loan that works within your budget and lifestyle.


Credit Specialist Inquiry

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If you know someone who might be interested in speaking with our Credit Specialists, refer them to Lakewood Chevrolet and receive $250 if they purchase a vehicle!

*Credit financing and cash back options are available on approved credit only. This form is not a full credit application and will not affect your score. At the time of a full credit application, your consent will be requested and that will affect your credit score. Lakewood Chevrolet will contact you to request further details to submit a credit application. 5 minute time frame is not guaranteed, approval times may vary based on credit ratings. See dealer for details. AMVIC Licensed Dealer.
The customer that you refer must provide your name and contact information at arrival to Lakewood Chevrolet. A $250 cheque will be provided after the customer has taken delivery of vehicle purchased from Lakewood Chevrolet. For full program details, including participant and eligibility, please visit Lakewood Chevrolet. See dealer for details. AMVIC Licensed Dealer.



Lakewood Chevrolet 53.466079, -113.468808.