AutoGravity Announces Partnership With Global Lending Services

IRVINE, Calif., Oct. 24, 2017 /PRNewswire/ -- AutoGravity, a FinTech pioneer on a mission to transform car financing by harnessing the power of the smartphone, announced a partnership with Global Lending Services LLC, a South Carolina-based auto finance company, to provide access to finance offers through the innovative AutoGravity digital platform. Qualified car buyers gain access to an even broader set of car finance options through the AutoGravity iOS, Android and Web Apps. 

Based in Irvine, California, AutoGravity is revolutionizing car financing with its cutting-edge, simple-to-use digital platform by empowering users with up to four personalized auto finance offers in minutes. With this new partnership, Global Lending Services will leverage AutoGravity technology to reach a growing population of digital-first car shoppers. AutoGravity customers, in turn, benefit from an expanded set of lending options for the vehicle they wish to purchase.

"Every month, over 100,000 new users download the AutoGravity app so they can buy and finance their next car with smartphone simplicity," said Andy Hinrichs, founder and CEO of AutoGravity. "Our partnership with Global Lending Services helps ensure that car buyers across the nation have access to multiple finance offers in minutes, anytime and anywhere they want."

AutoGravity realizes the full potential of smartphone technology to quickly connect car buyers with lenders and dealers that match their needs. Customers can select any car by make, model and trim, find nearby dealerships that carry inventory for that vehicle, apply for financing and choose from up to four personalized offers. Equipped with options, car shoppers can go to the dealership with financing in hand and close their deal with speed and confidence.

"As we look to improve consumer experiences while increasing the value we deliver to car dealerships, partnering with AutoGravity makes perfect sense. Alignment between car shopper and car dealer motivation is strong. Car dealers are looking to streamline the car buying process and reduce the time it takes to deliver cars to customers. Likewise, as more car shoppers look to technology to provide easier and convenient car purchasing options, the rapidly growing digital avenue places access to car purchase and finance offers in the palm of their hand. Our partnership with AutoGravity positions us to reach these shoppers, help them with financing, and guide them to dealerships who can deliver on this value proposition through state-of-the-art technology," said Bill Nemecek, Global Lending Services Senior Vice President of Marketing and Sales. Loan offers from Global Lending Services are now available on AutoGravity's mobile and web apps for qualified customers across the United States. Available on iOS, Android and as a mobile-responsive web app, the AutoGravity platform is available for download nationwide.

About AutoGravity

AutoGravity is revolutionizing the way people buy and finance cars. Harnessing the power of the smartphone, AutoGravity technology provides a new level of transparency, convenience and speed to the car shopping and financing process. AutoGravity partners with the world's leading banks and financial services companies to give car buyers direct control over their car financing options while connecting them to a nationwide network of trusted car dealerships. Available on iOS, Android and Web, AutoGravity empowers car buyers with up to four binding offers in minutes. Based in Irvine, California, AutoGravity was founded by an international team of digital natives and auto industry veterans. For more information on AutoGravity, please visit www.autogravity.com and follow @AutoGravity on Twitter.

About Global Lending Services

GLS was founded by auto industry veteran, Douglas Duncan and is partnered with New York-based investment firm, Blue Mountain Capital Management. Our management team has extensive auto finance and aftermarket experience and successful track records building, managing and capitalizing some of the market's most successful auto finance companies. The management team has experience working with over 21,000 auto dealerships and millions of consumers in the United States. GLS utilizes state-of-the-art technology and analytics and provides services to help customers with basic transportation needs while creating a dealer friendly environment that enhances business partners' profitability. We leverage established national distribution channels and our deep understanding of consumers' and dealers' needs to establish a leading, scaled national auto finance platform. To learn more about Global Lending Services visit glsllc.com.

SOURCE AutoGravity