Buying a car in 2017 is still a painful and stressful process. With the ever increasing smartphone usage and mobile app market, Fintech companies are on a mission to revolutionize the car buying experience. Startups like AutoGravity are teaming up with lenders to help consumers simplify their car shopping and financing process, all in hopes to cash in on the the billion dollar industry that hasn’t seen a major overhaul in forty years.
With the final quarter upon us, there is plenty of progress on the car buying apps front. Consumers have embraced the opportunity to use helpful apps for the researching, financing, buying and selling of automobiles. Auto-related apps are helping with the loan at the top of the funnel and replacing the finance and insurance departments at the bottom of the funnel. The end result is enhanced choice, ease of use and transparency for car buyers or consumers looking to purchase a car. Let’s take a look at the top car buying apps of the year.
AutoGravity
AutoGravity‘s app empowers customers to quickly and easily obtain financing for a new or used vehicle. Whether you’re looking to lease a new vehicle or get a loan pre-approval, this app takes care of everything. The customer starts out by selecting his region and desired vehicle. They proceed to fill out a credit application and thereafter are presented with up to four offers for comparison. This is the first app of its kind to combine the car search process with auto financing so fluidly. It is quite the accomplishment for a company founded merely two years ago.
AutoGravity has soared in popularity as it is the only app that provides the end-to-end experience and leaves the customer armed with detailed financial map for their purchase, eliminating the need for haggling with the dealer. The success of the app is attributable to the fact that the customer steers the entire process and gets a realistic gauge of auto financing options prior to stepping foot in the dealership.
