AutoGravity Users Request $2 Billion in Financing in 2017

AutoGravity, a FinTech platform that empowers car shoppers to buy and finance any new or used car in minutes, surpassed $2 billion in finance amount requested in 2017. AutoGravity car buyers can browse thousands of cars and get up to four tailored offers using technology that completely transforms the car buying journey. Launched in 2016, AutoGravity rapidly expanded from 100,000 users in its first six months to more than 1.3 million users, most of whom are convenience-seeking millennials – a digital generation that demands convenience and control in the palm of their hand.

“With more than $2 billion in finance amount requested in 2017, AutoGravity is at the forefront of digitizing the car-buying and financing experience,” AutoGravity CEO Andy Hinrichs said. “AutoGravity technology makes it possible for car buyers to access any showroom right from their smartphone, take control with personalized payments on any car in minutes — close the deal — and drive off the lot with confidence.”

By providing users with the tools they need to find and finance any car in minutes, AutoGravity meets the growing market demand for digital retailing and transparency in lending. Featuring real-time inventory, the AutoGravity app streamlines the car-buying process by showing users exactly which dealerships carry the cars they want. Users can access personalized financing offers from the same indirect lenders used by the dealer; so, they know their monthly payment. All that’s left is whether to have the car delivered, or pick it up from the dealership.

AutoGravity has built partnerships with many of the largest banks and financial institutions in the world, including key automotive lenders such as Mercedes-Benz Financial Services, Audi Financial Services, Volkswagen Credit and Hyundai Capital America. Additionally, AutoGravity has partnered with the top five dealer groups in the U.S., building a network of more than 2,000 dealers.

About AutoGravity Corporation

AutoGravity technology harnessiesthe power of the smartphone, AutoGravity’s award-winning platform empowers car shoppers with transparency, convenience and speed. Based in Irvine, California, AutoGravity partners with the world’s leading banks and financial services companies to give car buyers direct control over how they finance or lease their cars, while connecting them to a nationwide network of trusted car dealerships. Available on iOS, Android and Web, AutoGravity provides car buyers with up to four tailored loan or lease offers in minutes.