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Have you been looking to buy a new or pre-owned vehicle in Huntington, and need a car loan? Normally, the finance company holds a lien on the vehicle until the loan is fully repaid. You’ll need to carry comprehensive insurance during this period, so that you will have the money to repay the loan in case there is a major accident. To streamline the process, you can apply on the web for your car loan.

Let a local Huntington finance professional direct you through the purchasing process. Best of all, there’s no fee to apply.

Car Loan Rates in Huntington

Wondering what rate of interest you will be charged? The truth is, your annual percentage rate differs hugely based on your FICO score, not to mention a number of other factors. The rates shown below are only for informational purposes. These aren’t advertisements, and your exact rate could deviate widely from what’s seen below.

FICO Rating New Car Used Car
Excellent 3.2% 3.7%
Good 4.4% 5.3%
Average 7.5% 8.9%
Subprime 10.2% 10.8%
Bad 13.3% 13.6%
Very Bad 13.9% 14.2%

Used Car Financing in Huntington

Options such as 0% finance and zero down payment are available on new cars if you’ve got superior credit. However, pre-owned cars and trucks are less expensive in the long run, and they depreciate less. Check out the comparison below.

Years Old Price APR Months Payment Interest Total
New $18,200 6.00% 60 $351.86 $2,911 $21,111
1 Year $14,560 7.50% 60 $291.75 $2,945 $17,505
2 Years $12,376 7.50% 60 $247.99 $2,503 $14,879
3 Years $10,520 7.50% 60 $210.79 $2,128 $12,647

You can get a great car for the money if you aren’t afraid of a used car. As a rule, you can finance a car that’s up to 10 years old. Mileage limitations often apply.

Poor Credit Car Loans in Huntington

Poor credit has become a serious problem among individuals in Huntington, and throughout the state of West Virginia. Generally speaking, it works like this: the better your credit, the lower your interest rate. Years ago, companies were rare who would finance consumers with bad credit. Now many loan companies, and even some banks and credit unions, have subprime finance divisions.

In Huntington, buy here pay here car dealerships wind up catering to people on the lower end of the credit scale The disadvantages are noteworthy: extortionate rates of interest and inflexible terms.

Whenever possible, you’ll want to secure your finance package through one of the following loan companies:

  • Regional or local bank.
  • Credit union you can join.
  • Automobile loan company.

A dealership or auto finance specialist will help you get financed through one of these lenders. The down payments are lower, as are the loan rates, and the service tends to be much superior.

Go here to apply online.

Can a Car Loan Improve Your Credit?

Much of your credit score is based on payment history. Paying off a car loan strengthens that payment history, boosting your credit score in the process. If you opt to deal with a BHPH dealer, you simply won’t have this opportunity. It’s smart to enroll in automatic deduction, basically to be sure you never forget any monthly payments.

Huntington Resources

Credit Unions


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[tboot_table strip=”yes” border=”yes” hover=”yes” cols=”Credit Union,Location,Zip Code,Telephone” data=”Appalachian Power Employees,1122 7th Ave,25701,(304) 696-1399,Cabway Telco,1135 6th Ave,25701,(304) 522-7752,CHHE,1340 Hal Greer Blvd,25701,(304) 526-2226,CSX Employee Credit Union,901 6th Ave,25701,(304) 522-7998,First Priority,PO BOX 9408,25704,(304) 733-9450,First Priority,500 Virginia Ave,25701,(304) 522-9450,Huntington C & O Railway Employees,P.O. Box 4127,25729,(304) 522-7998,Huntington V A FCU,607 3rd Ave,25701,(304) 697-4900,Huntington West Va Firemens,PO Box 2133,25721,(304) 523-8321,Huntington West Va Firemens,839 7th Ave,25701,(304) 523-8321,Huntingtonized,481 W 8th Ave,25701,(304) 528-2400,IBEW 317,1848 Madison Ave,25704,(304) 522-4871,Metro Community,P O Box 5438,25703,(304) 697-4652,Metro Community,215 18th St,25703,(304) 697-4652,Mildred Mitchell-Bateman Hospital,1530 Norway Ave,25705,(304) 525-7801,Pace,502 8th Street Rd,25701,(304) 399-5230,Tri-State,2828 1st Ave #102,25702,(304) 526-1047,Tri-State,2828 1st Ave,25702,(304) 526-1047,Trivantage Community,P.O. BOX 6517,25772,(304) 697-2301,Trivantage Community,416 Main St,25702,(304) 697-2300,Trivantage Community,1040 Adams Ave,25704,(304) 697-2301,Universal,317 31st St,25702,(304) 697-2919,Waycose,1012 Thornburg St,25701,(304) 429-1213,Waycose,3851 Piedmont Rd,25704,(304) 429-1213,West Virginia,2600 5th Ave,25702,(304) 525-0541″][/tboot_table]