CarFinance.com, the direct lending arm of Flagship Credit Acceptance, today announced that it’s joining the AutoGravity online vehicle marketplace as a lending partner, the companies announced in a joint press release today. While CarFinance.com is technically a direct lender, its offers won’t operate or look any different than theRead More
Post Tagged with: "AutoGravity"
Lenders are aware that increased regulatory scrutiny of ancillary products, such as GAP insurance, is coming down the pipeline, but there’s little consensus among the Consumer Bankers Association’s Auto Finance Committee as to what aspect of these after-sale products should be monitored, said Robert Griffin, indirect lending manager at CommerceRead More
Fintech companies that advertise efficient financing solutions are becoming more prevalent in the auto industry. Technology is advancing in a way where traditional players have no choice but to partner with new entrants, but the tide hasn’t completely turned from competition to collaboration. That’s according to Chris Chestnut, president of Payix.
The multi-lender, indirect car-buying platform AutoGravity, is building a data science team that could one day provide car and auto loan suggestions — much like Amazon, said Serge Vartanov, chief marketing officer for AutoGravity, during a panel discussion at LendIt USA 2017. “One of the major innovations of the pastRead More
Black Book will power vehicle trade appraisal within AutoGravity’s multi-lender car financing platform, both online and in the mobile app, a joint press release announced this morning. Dealers told have told both companies that trade-in appraisals are responsible for “sealing the deal in most sales opportunities,” the release said.Read More
Westlake Financial Services launched a direct-to-consumer online pre-qualification platform for consumers in California, the company announced today. When visiting Westlake’s website, consumers are greeted with a box that reads “Get Pre-Qualified,” which contains some basic information boxes to fill out, without hurting their credit. “Upon approval, customers can view inventory available fromRead More
Westlake Financial Services is now a lending partner on the AutoGravity platform, which facilitates loan originations for consumers shopping for a vehicle online, the company’s announced in a press release this morning. AutoGravity expanded to 46 states earlier this year with the promise it could offer consumers up to fourRead More
Daimler AG has invested a multi-million dollar figure in the vehicle financing app AutoGravity, Serge Vartanov, the start-up’s chief marketing officer, told Auto Finance News. The announcement was made Tuesday in London, but did not include a specific dollar amount. “It means a lot to us that Daimler believes inRead More
AutoGravity debuted a new web widget last week, which allows dealers to use AutoGravity’s technology to provide financing on their websites — while maintaining their own branding, said Serge Vartanov, chief marketing officer at AutoGravity. There are some consumers who will begin their car-buying experience at a familiar dealership, whileRead More
The California-based digital car buying company AutoGravity announced today that it’s now available in 46 states across the country. There are at least four lending partners available in each state where the platform is offered, the company told Auto Finance News. “You can expect multiple captive lenders and we’ll beRead More
First Investors Financial Services Group has inked a partnership with digital car financing platform AutoGravity, which will bring the financial institution’s 4,000 dealer partners into AutoGravity’s ecosystem. “The world is changing; there is a whole population that really doesn’t do anything unless it’s on a smartphone, and I found theRead More
AutoGravity, a car-buying and financing platform, rolled out its mobile app yesterday, completing a four-month beta launch. The startup also added three lender-partners, which will be offering financing and leasing to consumers in California. The platform enables consumers to search vehicle inventory from dealers nationwide and apply for financing. Previously,Read More
Fletcher Jones Auto Group’s new digital platform — FJ Drive — is powered by AutoGravity’s technology, which extends the ability for consumers to apply for financing through the app to three new states. “The AutoGravity app can be downloaded anywhere in the country, but you’re only able to apply forRead More
Tech startups are actively looking for ways to better communicate with dealers so that fewer consumers are flipped on a loan offer when they walk through the door with financing from an app, several companies said. For example, Zach Klempf, chief executive of Selly Automotive, recalled when he used toRead More