Honda, Octane team up to expand financing opportunities

Fintech company Octane announced on July 30 that it partnered with American Honda to offer financing to non-prime powersports customers.

The collaboration now allows non-prime borrowers with a credit score of under 660 to qualify for financing for Honda’s full line of powersports vehicles through Octane’s in-house lender, Roadrunner Financial.   

Octane offers financing to recreational markets with its digital tools, credit products, and technology-powered end-to-end financing experience. The company uses FICO Auto Score 10 and its own Octane score to assess the risk of purchases.

This is the first time customers across the credit spectrum will have access to non-prime financing options through a Honda partner, building on Honda’s available financing options through its in-house lender. At the same time, Honda’s dealer network can take advantage of Octane’s suite of digital tools and increased incremental sales opportunities for free.

“Honda is an industry leader, and we’re thrilled to partner with them to build on the great financing experience they provide to customers across the country,” says Jon Vestal, executive vice president and GM of recreational lending at Octane. “Together, we’re making it easier for dealerships to expand their businesses, while enabling more people to access their dream vehicle.”

“Honda has always been committed to making the powersports experience attainable for more enthusiasts,” — Cory Findlay, manager of sales support at American Honda.

This announcement builds on Octane’s momentum and expands its growing network of more than 60 OEM brands. The company says it has sold or entered into forward flow commitments of over $2.8 billion and cleared more than $6 billion in aggregate originations. Moreover, Octane grew originations in 2024 by 36% year over year.