Faith's Toyota/Ford Westminster, VT 802.889.8870     

 View Hours

Guaranteed Credit Approval As Low As $99 Down

Subprime Auto Loans Near Keene NH

A piece of paper that says 'bad credit we can help' is shown on a desk.

There’s no doubt that the majority of consumers want to obtain an elevated quality of life that’s beneficial for them, their families, and their future. There are a number of ways to go about doing this, and owning a reliable and cost-effective method of transportation is one of the most popular options. Unfortunately, there are a lot of misconceptions that exist about vehicle ownership. And it’s because of these that some are misled to believe that owning anything of acceptable quality is reserved for those who have impeccable credit or disposable income.

Because, after all, many assume that any purchase meant to enhance the quality of life exists on the sole premise of “you get what you pay for.” Well, there’s another way; at Faith’s Automotive, we believe in living up to our namesake and giving people faith in vehicle ownership through a subprime auto loan. For New Hampshire drivers with less-than-stellar credit who are looking for subprime auto loans near Keene, NH, look no further than Faith’s Automotive. We’re conveniently located just north of Keene in Westminster, VT, and we take great pride in working with customers from a variety of financial situations. For us, we believe everyone should have access to a reliable vehicle, and we will work closely with you to make that happen. Let’s take a closer look at subprime auto loans and how they work.

What Is a Subprime Auto Loan and How Does it Work?

You might be unfamiliar with the concept of a subprime loan. This is through no fault of your own, as important subjects such as mortgages, establishing a credit history, and effective ways of obtaining financing for major purchases can often be overwhelming to some with credit issues. Subprime refers to a credit rating that exists on what’s known as a FICO score. A number of determining factors measure your FICO score; these include your credit history, how frequently you make payments on loans and other debts, the amount of credit you already have, and the amount of outstanding debt you currently owe. Other factors, such as the debt-to-income ratio, also play a part in determining your score.

A FICO score ranges from 300 to 850. A subprime score is considered anywhere within the range of 501 to 600. If you’re looking to obtain financing for purchasing a new vehicle, a credit score in this particular range doesn’t disqualify you, and any financing is considered a subprime auto loan. Depending upon what vehicle you decide to purchase, you’ll pay a higher interest rate and monthly payment than those who have a more established credit history or a higher FICO score.
For instance, if you’re financing a new car, an interest rate with a subprime credit score falls under the average of 9.75%. Financing a used vehicle usually comes with a higher interest rate and, in some cases, can be as high as 16.85%. However, the advantage of a used vehicle is that your insurance premiums will be less, and trading in your current method of transportation as a form of equity can lower the overall cost and the monthly payment you make to repay the loan.

A woman is shown sitting in the front seat of a red vehicle after asking about subprime auto loans near Keene, NH.

A Subprime Auto Loan Can Help Build and Repair Your Credit.


If you’ve recently looked at your credit rating and felt a sense of dread over where your FICO score currently sits, take a deep breath and realize that it’s not the end of the world, nor is this situation a permanent one. As a matter of fact, a subprime auto loan can do wonders for your credit rating and repair your score and help establish a credit history.

If you’ve recently been approved for a subprime auto loan, you have an opportunity to mend your credit report. As we previously mentioned, some determining factors that make up your FICO score are how much you currently owe on a loan and how often you make your payments on time. By making your payments on time each month, and as the amount you owe begins to decrease, your FICO score will gradually improve. When creditors and financial institutions look at how trustworthy a borrower is, they tend to look at the individuals’ debt-to-income ratio. If you make more than you actually owe, this can help build a stronger credit history and open up the door for larger purchases in the future.


A car salesman is shown handing a key to a customer.

The Best Selection in New England Is at Faith’s Automotive


Depending upon what area of New England you live in, having adequate and reliable transportation is a fundamental necessity, whether it’s commuting to and from work, navigating the roads, rotaries, and other items you encounter while driving, and, most importantly, staying safe on the road during the dreaded time of year known as winter. Luckily, at Faith’s Automotive, you’ll find a wide selection of vehicles that are not only ideal for these situations but can also be had for a low price or financing options that are available to anyone, regardless of their credit history or rating.

For those who live within the city limits and need a vehicle that has conservative fuel consumption and can maneuver in and out of parking spaces, we have options such as the Mazda 3 or Toyota Prius, among several others, that will allow you to complete your daily commute without any troubles. And for those who need to navigate the snow drifts and temperatures that drop below freezing, we have a large selection of used trucks and SUVs that are ready to handle whatever Mother Nature decides to throw your way when the weather gets colder.

And, if you’re looking to buy a used vehicle but want all of the advantages and quality assurance that usually come with buying a new vehicle, then shop our selection of vehicles that are a part of our Faith’s Certified Pre-Owned program. These vehicles have limited mileage and are held to the highest quality standards. As usual, we have various financing options to help you obtain the quality of life you deserve. And when it comes to what you decide to get from us, you’ll have the advantage of our service department to help you keep what you’ve bought on the road for many years and miles to come. This is how you get the most out of your investment, and our team here at Faith’s Automotive is here to help.

The Faith's Automotive logo is shown.

Get the Financing You Need for the Vehicle You’ve Always Wanted


The misconceptions that come with the process of shopping for a vehicle have led many to believe that it’s next to impossible. The difference between other dealerships in New England and Faith’s Automotive is that we work for you and with your financial situation instead of treating it like a liability. If you think that a subprime credit rating disqualifies you from the opportunity to finance a vehicle that will enhance your life, think again. We believe everyone deserves a chance to get the necessary financing to get behind the wheel of a vehicle and begin their travels toward a healthier and happier existence.

Our plans are living proof that low-interest car loans aren’t a dream but very much real and one that you can take advantage of. By working closely with our customers and taking their needs and situation into account, we can help formulate a plan that’s tailor-made for them. We’ve helped many drivers in New England get the vehicle they’ve always wanted, and we can gladly do the same for you. Come in today and see how we can get you into a great vehicle.