RouteOne Debuts Online Contracting, Processes First Deal With Toyota

The dealership F&I software company RouteOne LLC says it has processed the industry’s first remotely executed auto finance contract via a deal through Toyota Financial Services. The “remote eSign technology” allows dealers to send a contract package electronically to the borrower so they can sign all credit application and ancillary product documentation at home, according […]
  • William Hoffman
  • December 14, 2017

AutoGravity EVP Keeps Focus on Lender Partners, Following Hyundai Capital America Alliance

Hyundai Capital America is the latest captive to announce it has joined the AutoGravity platform, and AutoGravity’s new Executive Vice President of Business Development Stuart Holmes has his “head down and focused” to ensure the company’s current and potential lender partners’ needs are met. Hyundai Capital America — which does business as Hyundai Motor Finance, […]
  • Natalie Mattila
  • November 23, 2017

Bank of America Mulls Fintech Partners, Despite Competition Concerns

LAS VEGAS — Bank of America Dealer Financial Services is considering partnerships with multi-lender fintech platforms to drive more volume, but there’s concern that doing so might help its competitors in the online lending space, said David Hollodick, the bank’s product and pricing executive for consumer vehicle lending. “I look at it both as an […]
  • William Hoffman
  • November 13, 2017

AutoGravity Partners With Subprime Financier Global Lending Services

The online and mobile financing app AutoGravity has added a new subprime lender to its suite of lenders with the addition of Global Lending Services LLC, the company announced in a press release today. The Atlanta-based lender is small, especially compared with some of the other captive partners already operating on AutoGravity, but it has […]
  • William Hoffman
  • October 24, 2017

AutoGravity Adds Real-Time Inventory Amid Financing Milestone

On the heels of reaching a milestone $1 billion of requested financing on AutoGravity, the startup is introducing real-time inventory on new and used cars for partnered dealership groups, the company announced in a press release this morning.   Prior to the integration, consumers were only able to browse through catalog models of the brands, […]
  • William Hoffman
  • September 27, 2017

Hyundai Capital America Forms Partnership With AutoGravity

Hyundai Capital America — which also operates Hyundai Motor Finance, Kia Motors Finance, and Genesis Finance — joined AutoGravity’s car shopping and financing platform, the companies announced yesterday. Beginning in the state of California, financing through Hyundai Capital America is now accessible to AutoGravity users searching for financing for a Hyundai, Kia, or Genesis, according to […]
  • Emma Sandler
  • September 20, 2017

Reinventing the Aftermarket: Will All-Inclusive Subscription Services Be the Next Big Thing?

While “all-inclusive” is a pretty well-known concept in the resort world — many vacation spots boast carefree, wallet-less getaways, where everything is included in one price — the term is almost foreign in auto finance. But that is poised to change, as several lenders adapt the “all-inclusive” concept into their business models, with an aim […]
  • Natalie Mattila
  • September 1, 2017

10 Auto Finance and Mobility Companies Tackling AI

The term “artificial intelligence” may seem like a 21st century buzzword, but in fact it has existed for more than six decades. However, only now is a part of our daily lives. AI exists in simple forms, like chatbots and digital personal assistants, as well as more advanced iterations in machine learning and self-driving cars. […]
  • Emma Sandler
  • July 31, 2017

AutoGravity to Roll Insurance, Maintenance Options Into App

AutoGravity is working to incorporate full-service leasing options — maintenance and insurance — onto its platform, Chief Financial Officer Lukas Wickart told Auto Finance News. “On AutoGravity, in the future, you will be able to not just finance a vehicle but add insurance and additional products with your car, so [the platform] becomes more of […]
  • Natalie Mattila
  • July 13, 2017

VW Credit Joins AutoGravity Through Equity Investment

VW Credit Inc. has made an equity investment into the online origination portal AutoGravity and is both joining the platform as a captive lender and utilizing the company’s technology to create its own branded online financing mobile app, according to a Wednesday press release. AutoGravity declined to disclose the sum of the investment to Auto […]
  • William Hoffman
  • July 6, 2017
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