"AutoGravity is reinventing the car financing journey by using smartphone technology to provide a better experience for consumers, dealers and lenders," said Andy Hinrichs, founder and CEO of AutoGravity. "Our partnership with First Investors Financial Services reinforces our commitment to provide customers with finance options. Additionally, our indirect lender partners gain direct access to customers looking for vehicle financing. It's a win-win situation."
The AutoGravity app connects consumers to lenders and dealerships using a seamless digital platform. Car shoppers can choose any new car, find a dealership that sells the car, apply for financing and select from up to four personalized finance offers. They can then take their chosen offer to the dealership to seamlessly lease or purchase the vehicle they've selected.
"Our partnership with AutoGravity helps us reach a new generation of customers and positions us to stay ahead of innovation," said Tommy Moore, President and CEO of First Investors Financial Services. "We are excited to work with AutoGravity and utilize cutting-edge technology to meet the needs of our customers and dealers while enhancing our presence in the market."
The AutoGravity app is available via the Apple App Store, the Google Play Store and all web devices at www.autogravity.com. Additional app features and updates are under development, and will be announced soon.
AutoGravity is a FinTech pioneer on a mission to transform car financing by harnessing the power of the smartphone. AutoGravity partners with the world's leading banks and financial services companies to give consumers direct control over how they finance their cars. Available as a native iOS, Android and web app, AutoGravity offers a secure and convenient platform that empowers customers with multiple finance offers within its network of trusted car dealerships. Based in Irvine, California, AutoGravity was founded in 2015 by an international team of digital natives and industry veterans. For more information on AutoGravity, please visit www.autogravity.com and follow @AutoGravityHQ on Twitter.
About First Investors Financial Services
First Investors Financial Services Group Inc., through its wholly-owned subsidiaries ("First Investors") is an automobile finance company founded in 1988 to serve the special finance needs of automobile dealers and consumers. First Investors has created a unique business model that encompasses indirect and direct lending as well as portfolio acquisitions and third-party servicing. This multi-channel approach provides asset and revenue diversification as well as a deep understanding of the auto financing needs of both dealers and customers. For additional detail on First Investors, please visit www.fifsg.com.