Ariens, Gravely dealers gain new financing tools through Octane, Huntington partnership

Octane Lending Inc. and Huntington National Bank announced a partnership with AriensCo brands Ariens and Gravely to provide a financing platform for outdoor power equipment dealerships and customers.

The Huntington Bank Powered by Octane program allows Ariens and Gravely dealers to manage sales and financing through a single platform. The system is designed to streamline the purchase process from prequalification through closing.

Qualified applicants will receive prime financing options through Huntington, while near-prime financing offers will be provided by Octane’s in-house lender, Roadrunner Financial Inc..

“We’re excited to team up with Huntington to bring a faster, easier financing and technology experience to Ariens and Gravely outdoor power equipment dealerships across the country,” said Jon Vestal, EVP and general manager of recreational lending at Octane. “This program aligns with Octane’s strategy of finding innovative, technology-forward finance solutions that support our partners in a broad range of markets.”

“This partnership delivers the speed and simplicity dealers need at the point of sale,” said Tim Skinner, managing director of consumer lending at Huntington. “Combining Huntington and Octane’s capabilities allows companies like AriensCo, the manufacturer of Ariens and Gravely equipment, to quote, reach a decision and close quickly, all within a single application, providing a competitive advantage for dealers and a more confident buying journey for customers.”

The Huntington Bank Powered by Octane dealer portal uses the same technology as Octane’s dealer platform. According to the companies, the system enables shorter loan applications, near-instant credit decisions and simplified management of loan terms and documentation.

Dealers can customize financing terms, manage workflow through the portal and guide customers through the financing process.

“We are excited to pioneer the Huntington Bank powered by Octane program for our customers and dealers,” said Emily Hoyer, director of credit at AriensCo. “With the fresh approach they are bringing to retail financing, we will be able to provide our dealers with significant advantages in both approval rates and efficient processes, which will change the landscape of how dealers have traditionally viewed financing.”