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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

Credit UnionLocationZip CodeTelephone
Appalachian Power Employees1122 7th Ave25701(304) 696-1399
Cabway Telco1135 6th Ave25701(304) 522-7752
CHHE1340 Hal Greer Blvd25701(304) 526-2226
CSX Employee Credit Union901 6th Ave25701(304) 522-7998
First PriorityPO BOX 940825704(304) 733-9450
First Priority500 Virginia Ave25701(304) 522-9450
Huntington C & O Railway EmployeesP.O. Box 412725729(304) 522-7998
Huntington V A FCU607 3rd Ave25701(304) 697-4900
Huntington West Va FiremensPO Box 213325721(304) 523-8321
Huntington West Va Firemens839 7th Ave25701(304) 523-8321
Huntingtonized481 W 8th Ave25701(304) 528-2400
IBEW 3171848 Madison Ave25704(304) 522-4871
Metro CommunityP O Box 543825703(304) 697-4652
Metro Community215 18th St25703(304) 697-4652
Mildred Mitchell-Bateman Hospital1530 Norway Ave25705(304) 525-7801
Pace502 8th Street Rd25701(304) 399-5230
Tri-State2828 1st Ave #10225702(304) 526-1047
Tri-State2828 1st Ave25702(304) 526-1047
Trivantage CommunityP.O. BOX 651725772(304) 697-2301
Trivantage Community416 Main St25702(304) 697-2300
Trivantage Community1040 Adams Ave25704(304) 697-2301
Universal317 31st St25702(304) 697-2919
Waycose1012 Thornburg St25701(304) 429-1213
Waycose3851 Piedmont Rd25704(304) 429-1213
West Virginia2600 5th Ave25702(304) 525-0541