Gravity Lending vs MyAutoLoan

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.

myAutoloan, founded in 2003 and headquartered in the United States, is an innovative online marketplace for auto financing. The platform connects borrowers with a network of lenders, enabling them to receive up to four competitive loan offers for new and used vehicles, refinancing, and lease buyouts. Unique features include a fast application process that typically takes just two minutes and the ability to prequalify with a soft credit pull, which protects users' credit scores. With a minimum credit score requirement of 600, myAutoloan caters to many borrowers, including those with lower credit ratings. The company has received positive feedback, as evidenced by its strong Trustpilot ratings and an A+ rating from the Better Business Bureau. Customers appreciate the ease of use and quick funding; they often receive loan decisions within minutes and funds as soon as the next business day. However, some users have raised concerns about hard credit checks impacting their scores and the lack of direct customer support via phone. Overall, myAutoloan stands out for their comprehensive approach to auto financing, combining convenience, transparency, and various options tailored to meet diverse consumer needs.