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Gravity Lending vs iLending

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Pros
  • No hidden fees
  • Competitive rates
  • Soft credit pull
  • A+ BBB rating
  • User-friendly online application
Pros
  • Pre-qualification with a soft credit check
  • Nationwide network of lenders
  • Flexible loan amounts and terms
  • Online application process
  • A nationwide network of lenders for competitive rates
Cons
  • Higher credit score requirements
  • Vehicle restrictions
  • Longer funding timeline
Cons
  • No in-person service
  • Unclear fees
  • Limited to refinancing
  • Has mileage and vehicle age limits
Summary

Gravity Lending was founded in 2015 in Austin, Texas. The company specializes in simplifying auto loan financing through its innovative online marketplace, enabling borrowers to compare refinancing offers from about 70 lenders nationwide. They stand out by offering no-fee, low-interest-rate auto refinancing, and lease buyout services. Their streamlined online application process allows clients to customize loans to meet their financial needs, with an average customer savings of approximately 18% of their original loans. Gravity Lending has funded over $7 billion in loans and maintains an A+ rating with the Better Business Bureau (BBB), underscoring their commitment to transparency and customer satisfaction. With no hidden fees and personalized support from dedicated loan officers, they have a reputation for delivering top-tier auto refinancing experiences for borrowers across the United States. For a deeper dive into their offerings and customer experiences, explore the full review.

Summary

iLending, founded in 2006, is a company based in Englewood, Colorado, specializing in auto loan refinancing. Originally known as Fleet Financial, the company rebranded to iLendingDirect and shifted their focus to helping consumers lower their auto loan payments by connecting them with the best lenders and rates. With a team of over 250 employees, iLending has expanded to meet the increasing demand for auto loan refinancing services. They aim to streamline the refinancing process through online applications and dedicated loan consultants, focusing on transparency and customer service throughout the refinancing journey. Keep in mind that iLending doesn't disclose minimum credit score requirements, so it's advisable to check directly with them to determine if you pre-qualify. They maintain an A+ rating with the Better Business Bureau (BBB) and have been recently recognized as the top Auto Refinance Company by LendingTree for Customer Satisfaction, among their earned accolades. This demonstrates their commitment to ethical business practices and exceptional customer experiences, supported by stellar online customer reviews.

Quick Stats
  • Loan Terms : Between 25 and 84 months
  • Minimum Accepted Credit Score : 760
  • APR : Starting at 4.99%
  • BBB Rating : A+
Quick Stats
  • Loan Terms : Between 12 and 96 months
  • Minimum Accepted Credit Score : 560
  • APR : Range between 5.49% and 18.79%
  • BBB Rating : A+
Selling Points
  • Large nationwide lenders'' network
  • One-on-one support
  • Defer first payment for up to 90 days
  • Flexible payment terms
Selling Points
  • Work with low credit scores
  • A+ rating with the BBB
  • A dedicated loan consultant per customer
  • Refinances for a wide variety of vehicles
Multiple Financing Options
  • Lease Buyout
  • Loan Refinancing
  • New Vehicle
  • Private Party
  • Used Vehicle
Multiple Financing Options
  • Lease Buyout
  • Loan Refinancing
  • New Vehicle
  • Private Party
  • Undisclosed
    Used Vehicle
Additional Services
  • Extended Warranty
  • GAP Insurance
  • Limited Warranty
  • Mobile Application
  • Undisclosed
    Online Account Management
  • Undisclosed
    Return Policy
Additional Services
  • Extended Warranty
  • GAP Insurance
  • Undisclosed
    Limited Warranty
  • Mobile Application
  • Online Account Management
  • Undisclosed
    Return Policy
Eligibility Requirements
  • Hard Credit Check
  • Undisclosed
    Income
  • Minimum Credit Score
  • Pre-qualification With Soft Check
Eligibility Requirements
  • Hard Credit Check
  • Income
  • Minimum Credit Score
  • Pre-qualification With Soft Check
Fees & Costs
  • Documentation/Processing Fee
  • Undisclosed
    Late Payment Fees
  • Origination Fee
  • Undisclosed
    Prepayment Penalties
  • Title Transfer Fee
  • Upfront or Application Fees
Fees & Costs
  • Documentation/Processing Fee
  • Undisclosed
    Late Payment Fees
  • Origination Fee
  • Prepayment Penalties
  • Undisclosed
    Title Transfer Fee
  • Upfront or Application Fees
Payment Options
  • Undisclosed
    Automatic Payments
  • Undisclosed
    Cash
  • Undisclosed
    Check
  • Debit or Credit Cards
  • Undisclosed
    In-Person Payments
  • Undisclosed
    Mail-In Payments
  • Online Payments
  • Undisclosed
    Phone Payments
Payment Options
  • Automatic Payments
  • Cash
  • Undisclosed
    Check
  • Undisclosed
    Debit or Credit Cards
  • In-Person Payments
  • Undisclosed
    Mail-In Payments
  • Online Payments
  • Undisclosed
    Phone Payments
Customer Support
  • Articles and Videos
  • Email
  • FAQs
  • Undisclosed
    Help Guides
  • Live Chat
  • Phone
Customer Support
  • Articles and Videos
  • Email
  • FAQs
  • Help Guides
  • Live Chat
  • Phone