Open navigation Main Menu Mortgages

Refinancing an present loan Finding the best lender Additional Information
Looking for a financial advisor? Take our 3 minute quiz and then match up the advisor you want today.



Main Menu Banking

Compare Accounts Use Calculators Get advice Bank reviews
Looking for a financial advisor? Take our 3 minute quiz and match with an advisor today.



Main Menu Credit cards

Compare by category Compare using credit Compare by issuer Get advice
Are you looking for the ideal credit card? Narrow your search with CardMatch(tm)



Main Menu Loans

Personal Auto Loans and Loans for Students Calculators for loans
Find the perfect personal loan in just 2 minutes or less. You can also answer a few questions to receive offers with no impact to your score on credit.



Main Menu for Investing

Top of the Brokerages, and robo-advisors Learn the basics Additional sources
Looking for a financial advisor? Take our 3 minute quiz and match with an advisor today.



Main Menu Home equity

Get the best rates Lender reviews. Calculators. base
Looking for a financial advisor? Try our three minute test and then match up to an adviser today.



Main Menu Real estate

Home selling or buying an investment property Finding the right agent sources
Looking for a financial advisor? Take our 3 minute quiz and match with an advisor today.



Main Menu Insurance

Car Insurance Homeowners insurance Other insurance Company reviews
Looking for a financial advisor? Take our 3 minute quiz and then match up with an advisor today.



Main Menu Retirement

Retirement plans & accounts Find out the basics about retirement calculators Other sources
Looking for a financial advisor? Try our three minute test and match to an adviser today.



Open search Close search

Submit


Gravity 2023 auto loan review Published 2023-01-27 15:21:19
Writen by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers to navigate the details of using loans to buy the car they want.







Edited by Helen Wilbers Edited by

Helen Wilbers has been editing for Bankrate since late 2022. He values the clarity of his reporting, which helps readers successfully land deals and make the most appropriate choices regarding their finances. He specializes in small business and auto loans.









Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our goal is to help you make better financial decisions by offering you interactive tools and financial calculators as well as publishing original and objective content. This allows you to conduct research and compare information for free and help you make sound financial decisions. Bankrate has agreements with issuers, including but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Profit The offers that appear on this website come from companies who pay us. This compensation can affect the way and when products are featured on the site, such as for instance, the order in which they may appear in the listing categories and other categories, unless prohibited by law. This applies to our mortgage, home equity, and other products for home loans. However, this compensation will not influence the content we publish or the reviews that you see on this site. We do not cover the vast array of companies or financial offers that may be available to you.




About our reviews . Editorial disclosure Reviewers are supervised by our staff. Opinions expressed therein are solely the opinions of the reviewer and have not been reviewed nor acknowledged by any advertising company. The information that is included, including rates and fees, presented in the review is correct at the time that the review was written. Check the data on the right and the lender's website for the most recent information.








A glance 3.6 Score: 3.6 stars out of five
Bankrate Score

Availability Rating: 3.8 stars out of 5
Affordability Rating: Four stars from five
The Customer Service Rating is 3.4 stars out of 5
Transparency Rating: 5 stars out of 5


Check rates for auto loan rates

About Gravity Loan amount $10,000 to $125,000
Min. credit score 500
APR starting at 5.34%
Funds are available within 10 days



Pros and cons of Gravity for some, the benefit of a seamless application might not be enough to offset the possible long funding timeline.

PROS No fees
Online application
Delayed payment schedule

CONS funding timeline
Refinancing limitations





Gravity is an auto loan marketplace that lets borrowers review the top refinance rates on the internet and within just a few minutes. The application process is simple and is done via phone or online and only needs drivers to upload their vehicle documents and sign off on a new loan. With the option of applying online and loan advisor guidance, refinancing a car or buying out your lease with Gravity is a simple procedure that is ideal for those who want an extra helping hand.

Do you qualify? Each lender in the Gravity network carries its own specifications to be approved, but you should consider the following requirements prior to applying. Credit score. To be eligible, you need to have a credit score of 500. If your credit is lacking you might want to look into bad credit auto loans. Income. While Gravity doesn't disclose specific income limits, it's most likely that loan providers will search at a certain amount because disclosure of employment information is required. Vehicle. Some lenders will not lend for ride-share cars, older models of vehicles, or for large one-ton vehicles. We like what we see and do not like Take a look at the entire of the features Gravity has to offer prior to making a decision on the loan. What we like No fees. Gravity doesn't impose any fees. Application online. Borrowers are able to upload documents and submit their applications online. Delayed payment schedule. Gravity lets borrowers delay payments at least 90 days. What we don't like Funding timeframe. While approval may be as soon as the day you apply, funding may take up to 10 days or more. Refinancing limitations. To refinance using Gravity you must have at least a loan balance of $10,000. Contact Gravity Support to inquire about your Gravity loan can be found via phone or on the internet Monday through Friday between 8 a.m. to 6 p.m. Specific questions can be uploaded online or sent to . Gravity's website also has an extremely comprehensive FAQ section. There are a variety of auto loan options available The Gravity marketplace provides borrowers with choices for auto loan refinancing and lease buyout. You can borrow anywhere between $10,000 and $125,000. Although terms and rates differ for each lender partner, you likely will be offered terms between 25 and . Gravity also provides the option for drivers to join or eliminate co-borrowers. The choice to remove or add depends on a , but this could potentially provide you with more competitive terms.
Refinance
Quick facts about loans: $10,000 to $125,000 Terms: 25 to 84 Months APR: 5.34% to 14.99 percent


Drivers who want to reduce their monthly payments or modify the terms of their loans can refinance with one of the lenders that are part of the Gravity network. When exploring refinance options make use of a refinance option to make sure you're saving cash in the end. Lease buyout
Quick facts about loans: $10,000 to $125,000 Terms: 25 to 84 Months APR: 5.34% to 14.99%


Buying out your current vehicle lease is a great option to hold onto your current set of wheels and save on potentially expensive vehicle cost. How do you apply for a loan using Gravity You can apply for any from Gravity's loan products from its website, with the possibility to prequalify encouraged. Following a credit pull that is soft and a credit check, you'll be matched with a loan agent who will help you in the loan process. After you have been matched with one of Gravity's nationwide lenders you are able to apply at no cost to the loan that is recommended. You can complete this process securely online. Finally, you will go over the new loan terms and decide whether you'd like to reduce or extend your loan period, especially if you're refinancing.
Required application information Valid driver's license Proof of auto insurance Residence proof Social security number Vehicle information Proof of employment Proof of income


Gravity FAQs
Is Gravity a trustworthy firm? Yes, the company has an A+ BBB Rating and Accreditation and five stars in the perfect category on Trust Pilot reviews.



Does Gravity lending do an invasive credit check? While Gravity does not perform any kind of credit pull but its partners will likely do so before the final loan approval. Gravity uses a soft pull to get your credit information without damaging the credit rating.



How does prequalifying for a loan compare to preapproval? Prequalification gives you a firm notion of what to expect for a monthly payment. Preapproval, , is an interest-free rate that is based on a credit pull.



How does Bankrate rate Gravity
Overall Score
3.6
The availability
3.8
Gravity has a vast network of lenders but does have a strict minimum loan sum for customers.
Affordability
3.6
Gravity boats fairly competitive APRs and there are no additional fees from the site of comparison.
Customer Experience
3.4
Gravity offers customer support only on weekdays and has a long funding timeline.
Transparency
5.0
Gravity offers both rates and fees online and also offers prequalification.


Methodology For evaluating lenders who are specialized in refinancing auto loans, Bankrate considers 16 different factors. The factors are based on from the loan amount, disclosed APR as well as acceptance requirements. Each lender holds a score that is based on four different categories. The availability category includes loan amounts, restrictions on vehicles and the availability of each state. Accessibility: This section covers the expected APR, acceptance criteria discounts for autopay, and the number of fees. Experience with customers: This category includes online access, support availability, funding timeline, option for automatic payments and app accessibility. Transparency: Here prequalification and the disclosure of fees and rates are taken into account.
Disclaimer: All reviews are prepared by Bankrate.com staff. The opinions expressed in the review are only those of the reviewer , and have not been reviewed nor acknowledged by any advertising company. The information that is included, including rates and fees, presented in the review are accurate at the time of the review. Check the data in the upper right hand corner of the page as well as the lender's website to find the most current details.




Written by
Rebecca Betterton
Auto Loans Reporter


Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers with the ins and outs of securely borrowing money to purchase the car they want.
Editor: Helen Wilbers Edited by

Helen Wilbers has been editing for Bankrate since the end of 2022. He values transparent reporting that allows readers to easily land deals and make the best choices for their finances. He is a specialist in small and auto loans.

















About
Help
Legal Cookie settings Do not share my information with anyone else.
How we make money Bankrate.com is an independent, advertising-supported publisher and comparison service. We receive compensation for placement of sponsored products and, services, or when you click on certain links posted on our website. So, this compensation can affect the way, location and when products appear within listing categories, except where prohibited by law for our loan products, such as mortgages and home equity, and other home loan products. Other factors, such as our own rules for our website and whether or not a product is offered in your region or within your own personal credit score may also influence how and where products appear on this site. While we strive to provide the most diverse selection of products, Bankrate does not include details about every financial or credit product or service. Bankrate, LLC NMLS ID# 1427381 | BR Tech Services, Inc. NMLS ID #1743443 |
|

(c) 2023 Bankrate, LLC. A Red Ventures company. All Rights reserved.

Here's more information regarding same day payday loans online direct lenders (financekseg.ru) check out our own page.