Auto Loans
Top Companies in 2024
Gravity Lending vs iLending
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- No hidden fees
- Competitive rates
- Soft credit pull
- A+ BBB rating
- User-friendly online application
- 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
- Higher credit score requirements
- Vehicle restrictions
- Longer funding timeline
- No in-person service
- Unclear fees
- Limited to refinancing
- Has mileage and vehicle age limits
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.
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.
- Loan Terms : Between 25 and 84 months
- Minimum Accepted Credit Score : 760
- APR : Starting at 4.99%
- BBB Rating : A+
- Loan Terms : Between 12 and 96 months
- Minimum Accepted Credit Score : 560
- APR : Range between 5.49% and 18.79%
- BBB Rating : A+
- Large nationwide lenders'' network
- One-on-one support
- Defer first payment for up to 90 days
- Flexible payment terms
- Work with low credit scores
- A+ rating with the BBB
- A dedicated loan consultant per customer
- Refinances for a wide variety of vehicles
- Lease Buyout
- Loan Refinancing
- New Vehicle
- Private Party
- Used Vehicle
- Lease Buyout
- Loan Refinancing
- New Vehicle
- Private Party
- Used Vehicle—Undisclosed
- Extended Warranty
- GAP Insurance
- Limited Warranty
- Mobile Application
- Online Account Management—Undisclosed
- Return Policy—Undisclosed
- Extended Warranty
- GAP Insurance
- Limited Warranty—Undisclosed
- Mobile Application
- Online Account Management
- Return Policy—Undisclosed
- Hard Credit Check
- Income—Undisclosed
- Minimum Credit Score
- Pre-qualification With Soft Check
- Hard Credit Check
- Income
- Minimum Credit Score
- Pre-qualification With Soft Check
- Documentation/Processing Fee
- Late Payment Fees—Undisclosed
- Origination Fee
- Prepayment Penalties—Undisclosed
- Title Transfer Fee
- Upfront or Application Fees
- Documentation/Processing Fee
- Late Payment Fees—Undisclosed
- Origination Fee
- Prepayment Penalties
- Title Transfer Fee—Undisclosed
- Upfront or Application Fees
- Automatic Payments—Undisclosed
- Cash—Undisclosed
- Check—Undisclosed
- Debit or Credit Cards
- In-Person Payments—Undisclosed
- Mail-In Payments—Undisclosed
- Online Payments
- Phone Payments—Undisclosed
- Automatic Payments
- Cash
- Check—Undisclosed
- Debit or Credit Cards—Undisclosed
- In-Person Payments
- Mail-In Payments—Undisclosed
- Online Payments
- Phone Payments—Undisclosed
- Articles and Videos
- FAQs
- Help Guides—Undisclosed
- Live Chat
- Phone
- Articles and Videos
- FAQs
- Help Guides
- Live Chat
- Phone