DETROIT — Fintech firm AutoGravity today announced it has surpassed 200,000 downloads of its native iOS and Android smartphone apps. The platform allows car shoppers in 46 states to obtain up to four finance offers on any make, model and trim of new or used car by following four easy steps.
The app is designed to return personalized loan and lease offers within minutes, providing consumers with the ability to choose the rate and finance source that’s right for them before they visit the dealership.
“AutoGravity has brought car finance into the digital age,” said Andy Hinrichs, who became AutoGravity’s founder and CEO after decades as an auto finance executive. “Our industry-leading technology has been embraced by top banks and captive auto lenders, as well as leading dealer groups who see customers shopping on their smartphones every day. We’ve re-designed the car finance experience, taking it from hours to minutes for car buyers across the country.”
Based in Irvine, California, AutoGravity is one of a slew of technology firms looking to alter the car-buying process. The firm has already forged partnerships with the industry’s leading finance sources, vehicle OEMs, and dealer groups.
“To truly empower car buyers with access to every possible vehicle, dealer and finance choice, the AutoGravity platform must be an attractive place for lenders and dealers to do business,” said Serge Vartanov, AutoGravity’s chief marketing officer. “We’ve spent more than a year integrating lenders and dealers into the platform, and now we’re ready for customers across the country to start shopping and financing —making AutoGravity a game-changer in the auto-finance industry.”
The company’s app, launched in California in 2016, is available for download on the Apple App Store and on Google Play. AutoGravity is also available as a mobile-responsive web app at www.autogravity.com. The app guides car shoppers through the following four-steps:
- Select any make, model and trim of new or used car available in the United States.
- Select any dealership from AutoGravity’s proprietary national database. The platform automatically pinpoints your location and shows you the closest dealers selling the vehicle.
- Search for financing for the selected car right from a smartphone. Users can scan their driver’s license and connect to social media to quickly pre-fill the credit application.
- Receive up to four finance offers within minutes. Simply select the loan or lease offer and head to the dealership to complete the purchase.
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Originally posted on F&I and Showroom