The 2018 New York International Auto Show at the Jacob K. Javits Center in New York City is in a few days and once again, getting a new car is front and center in my mind. As I browse the showrooms filled with trendy new cars, snap photos and talk to the product specialists, I’m sure that I’ll be thinking about retiring my old 2001 Nissan Altima.
However, there are a lot of things to consider when buying a car and one of the biggest is auto financing. Since I can’t afford to buy a car outright (the average car in the U.S. costs $30,000), I’m considering other alternatives like leasing, putting a down payment and or getting an auto loan. But before walking into a dealership and falling head over heels in love with my dream car, I’m planning to shop around for the best rates. I might even take it a step further and get pre-approved.
With so many options out there though (dealerships and lenders), where should you start?
AutoGravity is a new app that’s disrupting the auto industry by empowering consumers to take control of the car buying process. In four steps, AutoGravity simplifies car financing and leasing by connecting potential buyers with car dealerships and lenders. Within the app, you can search for new and used cars, pick the car you want and get financing offers in a few minutes. Many of these are the same offers that dealerships will try to secure.
You can even send loan applications to dealerships nearby and get approved within minutes which can significantly reduce the amount of face-time required at the showroom. Or if you’re just looking to gather information, you can use their calculator to quickly estimate monthly payments based on your down payment, credit score, and trade-in value.
Interactive Search and Auto Financing with AutoGravity
How AutoGravity Works:
- Choose a car.
- Pick a dealership or browse inventories nearby.
- Apply for financing – new car loan, new car lease, or used car loan.
- Review and compare up to four financing offers.
When your application is pre-approved, you’ll then have instant access to your pre-approval amount, monthly payment amount, interest rate, and loan term. These approvals are from trusted lenders so no funny business!
Now with an offer in hand, all you have to do is head to the dealership and sign on the dotted line.
Through the app, you can also lease vehicles directly with manufacturers like Mercedes-Benz, Audi, Genesis, Hyundai, Kia, Volkswagen, and Nissan.
Overall, AutoGravity is shortening the auto financing and leasing process by providing users with the important information they need to make decisions before ever stepping foot in a dealership. I also appreciate that the app doesn’t over complicate things by only offering four financing options.
Similarly to how I shop around for flight and hotel deals with apps, it’s good to see that the automotive industry is empowering consumers in new ways through technology. I’m hoping that the increase in transparency will ultimately lead consumers to make more financially sound decisions.
AutoGravity is now available in 49 states except for Nevada. And you can download the app on iOS and Android devices, or access the application on the web.
2018 New York Auto Show Giveaway
The New York International Auto Show takes place at the Jacob K. Javits Center in New York City from Friday, March 30th through Sunday, April 8th and I’ve teamed up with A Girls Guide to Cars who is giving away 9 pairs of tickets to the New York Auto Show where you can shop pressure-free for every brand and model.
One extra pair comes with a $150 gift card.
(photo by A Girl’s Guide to Cars)
Contest ends by midnight April 1, 2018, and winners will be notified via email by April 2, 2018. Winners must pick up tickets in person at the New York Auto Show, Jacob K. Javits Center, 655 W. 34th St., New York, NY 10001, New York, NY between April 2 and April 8, 2018.
Danielle is a travel finance strategist, writer, speaker and podcaster. She paid off $63,000 of student loan debt in 4 years, bought a house at 27 and has traveled to 26 countries. She refuses to let her financial responsibilities hold her back from living life on her own terms.