AutoGravity teams up with Hyundai Capital America
Thanks to a new partnership between AutoGravity and Hyundai Capital America, California car buyers using AutoGravity have new financing options when looking to buy a Hyundai, Kia or Genesis vehicle, reports David Penn at Finovate (Banking Technology‘s sister company).
Hyundai Capital America’s president and CEO, Ross Williams, says as more and more consumers are embracing AutoGravity, and the integration of AutoGravity with dealer process is “seamless”, the company felt “this was the perfect opportunity to test the platform”.
Hyundai Capital America does business as Hyundai Motor Finance, Kia Motors Finance, and Genesis Finance.
Andreas Hinrichs, founder and CEO of AutoGravity, says his firm’s offering “brings the car financing experience into the digital age where today’s consumer wants to find it: in the palm of their hand”.
Available in the Apple App Store and at Google Play, AutoGravity’s free app digitally connects prospective car buyers and leasers with lenders and dealers. Partnerships with banks and captive lenders like Hyundai Capital America enable car shoppers to arrive at the dealership with everything from vehicle selection to financing already ready-to-go, according to AutoGravity. Since its launch in 2016, more than 700,000 consumers have downloaded AutoGravity’s app.
AutoGravity was founded in 2015 and is based in California. Earlier this year, it received an investment from VW Credit, Volkswagen’s finance division, and inked a partnership deal with Fletcher Jones Auto Group.