Huntington Bank auto loan rates depend on your credit score, the loan term you choose, and whether you buy a new or used vehicle

Huntington Bank, a regional bank operating primarily in the Midwest and Mid-Atlantic, offers auto loans through its retail branches and online. The rate you receive is not fixed across all borrowers — it changes based on your personal financial profile. Your credit score is the single largest factor: borrowers with scores above 750 typically receive lower rates than those below 650. The length of your loan (36 months versus 72 months, for example) also shifts your rate, as does the age and mileage of the vehicle you're financing.

Huntington does not publish its rates publicly on its website the way some online lenders do. Instead, you receive a personalized rate quote after you've started the process process or visited a branch. This means you cannot comparison-shop Huntington's rate against another bank's without providing personal financial information to both. Understanding how Huntington structures its loans — and what information you'll need before you walk in — helps you move faster and negotiate more effectively.

Key Takeaways

  • Huntington's auto loan rates vary by individual credit score, loan term, vehicle age, and down payment amount, so no single rate applies to all borrowers.
  • You must visit a Huntington branch or start an online process to receive a personalized rate quote, since rates are not posted publicly.
  • Having your credit score, proof of income, and vehicle details ready before you explore speeds up the quote process.
  • Huntington offers both new and used vehicle financing, with used vehicle loans typically carrying higher rates than new vehicle loans.

What information Huntington needs to quote you a rate

When you contact Huntington for an auto loan rate, the bank will ask for your credit information, income, and details about the vehicle. On the credit side, Huntington pulls your credit report during the process, which temporarily lowers your score by a few points. You'll provide your annual household income, employment status, and whether you rent or own your home. For the vehicle itself, you'll need the year, make, model, mileage, and whether it's new or used.

If you're buying from a dealer, the dealer often handles some of this paperwork and submits it to Huntington on your behalf. If you're buying from a private seller or refinancing an existing loan with another lender, you'll work directly with Huntington. Bring a government-issued ID, recent pay stubs, and proof of residence (a utility bill or lease agreement) to a branch, or upload these documents if you're explore online. The faster you provide complete information, the faster Huntington can return a rate quote.

How your credit score affects your rate

Huntington, like all lenders, uses your credit score as the primary lever for setting your rate. A higher score signals to the bank that you've paid past debts on time and owe less relative to your income. Borrowers with scores in the 750+ range typically see rates 2 to 4 percentage points lower than borrowers with scores between 600 and 650. The difference compounds over the life of a loan: on a $25,000 auto loan over 60 months, a 1 percentage point difference amounts to roughly $1,300 in additional interest.

If your credit score is lower than you'd like, you have a few options. You can ask a family member with stronger credit to co-sign the loan, which may lower your rate. You can also make a larger down payment, which reduces the amount Huntington has to lend and can improve your rate slightly. Waiting three to six months to build your credit score before explore is another route, though this only works if you're not in a time crunch to buy a vehicle.

The difference between new and used vehicle rates

Huntington charges higher rates for used vehicles than for new vehicles, all else equal. A used vehicle is a riskier loan from the bank's perspective: it depreciates faster, may have hidden mechanical problems, and is harder to repossess and resell if you default. A new vehicle comes with a manufacturer's warranty and predictable depreciation. On a $20,000 loan, the rate difference between new and used might be 0.5 to 1.5 percentage points, depending on the vehicle's age and mileage.

Huntington typically finances used vehicles up to a certain age and mileage threshold — often around 10 years old and 100,000 miles, though this varies. Vehicles older or higher-mileage than that may not may have access to for financing at all, or may require a larger down payment. If you're shopping used, ask the dealer or seller for the vehicle history report (a Carfax or AutoCheck report) before you explore, so you can mention any accidents or title issues upfront.

How loan term length changes your rate and payment

Huntington offers auto loans in various term lengths, commonly ranging from 36 to 72 months. A shorter term (36 or 48 months) usually carries a lower interest rate but a higher monthly payment. A longer term (60 or 72 months) carries a higher interest rate but spreads the cost across more months, lowering your monthly payment. The trade-off is real: a 72-month loan at a higher rate can cost you thousands more in total interest than a 48-month loan, even if your monthly payment is lower.

When you receive a rate quote from Huntington, ask for quotes at multiple term lengths so you can see the full picture. A payment that feels affordable at 72 months may not be worth the extra interest. Conversely, if a 48-month payment stretches your budget too thin, the longer term may be the right choice for your situation. Huntington's loan officers can show you the total interest cost for each option, which is the clearest way to compare.

Down payment and how it affects your rate and loan approval

A larger down payment reduces the amount Huntington lends to you, which lowers your risk in the bank's eyes and can improve your rate. Putting down 20 percent of the vehicle's purchase price is often considered the threshold where you see meaningful rate improvement. If your credit score is below 700, a down payment of 15 to 20 percent can be the difference between approval and denial, or between a rate you can live with and one that's prohibitively expensive.

Down payments also protect you from being underwater on the loan — owing more than the vehicle is worth. If you finance 100 percent of a $25,000 vehicle and it depreciates to $22,000 within the first year, you're underwater. If you put $5,000 down and finance $20,000, you have a cushion. Huntington will ask about your down payment amount early in the process, so have that number ready.

Where to get a Huntington auto loan rate quote

You can start the process in three ways: visit a Huntington branch in person, call Huntington's auto lending phone line, or begin an process on Huntington's website. The branch route is useful if you have questions or prefer to work face-to-face. The phone route works if you want to talk through your situation before committing to an process. The online route is fastest if you're comfortable uploading documents and prefer not to speak with anyone until you've received a quote.

Whichever route you choose, have your Social Security number, recent pay stubs, proof of residence, and vehicle information ready. If you're refinancing an existing auto loan, have your current loan documents and payoff amount. Huntington will pull your credit report as part of the process, so multiple applications within a short window (a few days to a week) typically count as a single inquiry and don't damage your score further. After you receive a quote, you have time to shop around — Huntington's quote is usually good for a set period, often 30 days.

Frequently Asked Questions

Does Huntington offer auto loans online, or do I have to go to a branch?

Huntington offers both. You can start an process online and complete it entirely through their website, or you can visit a branch. Some borrowers start online and finish at a branch, or vice versa. The timeline and process are similar either way, though online applications may move slightly faster if all your documents are ready to upload.

What's the difference between Huntington's auto loan rate and the rate a dealer offers?

Dealers often arrange financing through banks and credit unions, sometimes including Huntington. The dealer's rate may be higher than Huntington's direct rate because the dealer adds a markup. Going directly to Huntington and comparing that rate to what the dealer offers is a smart move — you can then decide whether to finance through the dealer or through Huntington separately.

Can I refinance my current auto loan with Huntington?

Yes. If you have an auto loan with another lender and your credit score has improved, or if interest rates have dropped, refinancing with Huntington may lower your rate and monthly payment. You'll need your current loan's payoff amount and documents. Huntington will pay off your old loan and issue a new one in its place.

What if I'm denied for a Huntington auto loan?

Denial usually means your credit score, income, or debt-to-income ratio fell outside Huntington's lending guidelines. You can ask Huntington why you were denied and whether adding a co-signer or increasing your down payment would change the decision. You can also wait a few months, build your credit score, and reapply.

How long does it take to get approved for a Huntington auto loan?

Approval timelines vary, but Huntington typically provides a rate quote within one to two business days of a complete process. Final approval and funding can take several more days to a week. If you're buying from a dealer, the dealer may be able to expedite the process by submitting paperwork directly to Huntington.