Husqvarna partners with Octane and Huntington Bank on dealer financing platform
Octane Lending, Inc. and The Huntington National Bank announced a partnership with Husqvarna Group to provide financing and technology tools for dealers and customers purchasing outdoor power equipment.
The Huntington Bank Powered by Octane program allows Husqvarna dealerships to use a single platform to manage sales and financing, 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 further expand our relationship with Huntington to bring streamlined financing and a better technology interface to Husqvarna OPE dealerships,” said Jon Vestal, EVP and general manager of recreational lending at Octane. “The arrangement provides an innovative, technology-forward finance solution that improves the buying experience for dealers and customers alike.”
“Our relationship with Octane continues to deliver the speed and simplicity dealers need at the point of sale,” said Tim Skinner, managing director of consumer lending at Huntington. “As more customers join the pipeline, we’re seeing strong momentum with manufacturers and dealers who value a streamlined, digital-first financing experience—and we’re pleased to welcome Husqvarna as our newest customer.”
The dealer portal uses Octane’s platform technology and includes loan applications, credit decisions and tools to manage loan terms and documentation. Dealers can customize terms, manage workflow and guide customers through the financing process.
“We are excited to begin the Huntington Bank powered by Octane program for our customers and dealers,” said Richard Bennett, director of sales, Husqvarna Group North America. “With this new partnership they are bringing to retail financing, we will be able to provide our dealers and customers an enhanced selling and buying experience that will help grow our business.”
