AutoFi and Ford have announced a new partnership that will make financing and buying a car available online; Ford will use the AutoFi platform for sales from its Ricart Ford dealership in Groveport, Ohio with expansion planned for dealerships throughout the United States; through the AutoFi platform customers can select a vehicle, access Ford Credit for a financing decision and terms, customize their vehicle protection products, review their paperwork, and schedule a time to complete the sale and pick up the vehicle; Ford Credit also made an equity investment in AutoFi. Source
AutoFi has announced a new partnership to expand its online point-of-sale auto financing solution; AutoFi has now partnered with iLendingDIRECT which includes a network of credit unions; the new partnership builds on a recently announced offering with Ford Credit and also adds to the platform's extensive auto lending network of banks and specialty lenders. Source
AutoGravity has added First Investors Financial Services to its car loan financing network; AutoGravity has developed an app that allows car buyers to choose a car online and receive four financing offers; the addition of First Investors Financial Services will broaden the available financing options for users. Source
AutoGravity's mobile app services can now be accessed by consumers in 46 states; the firm first launched its mobile app in December 2016 for borrowers in California; the mobile app will now allow consumers in 46 states to obtain four financing offers for a new or used car. Source
Daimler Financial Services plans to invest 'double-digit' millions of euros in AutoGravity's vehicle financing platform; the investment will support Daimler's digital services financing portfolio; in January AutoGravity's app was launched in 46 states and it has now reported over 150,000 app downloads; it currently provides consumers with four auto financing offers. Source
AutoGravity has launched a new mobile financing app; the app allows consumers in California to choose a car and receive four financing options through the mobile app; the buyer can arrange all of the pre-sale details through the mobile app making the completion of the deal at the dealership fast and convenient. Source
AutoGravity has added Westlake Financial Services to its network of financing companies; AutoGravity launched its app in 46 states in January; the platform allows consumers to shop for a car online, apply for financing and receive up to four auto financing offers. Source
AutoGravity was founded in 2015 and recently launched in 46 states; its mobile app provides users with four personalized auto financing offers on their smartphone; their statistics report over a quarter million users have downloaded the app and notes that its financing network includes 1,400 franchise dealers; the firm's report also includes demographics of users and types of cars purchased, among other statistics. Source
ReadyForZero has notified users that the site will shutdown on November 12; the platform was acquired in 2015 by Avant to provide debt management and credit monitoring services for consumers; Avant is a marketplace lender focused on personal loans; users were notified of the consumer finance website's closing by an email from ReadyForZero and Avant has not provided any further details on the closing. Source
Consumer lender Avant filed documents with the SEC for a new unsecured consumer loan portfolio, Avant Loans Funding Trust 2017-A; the ABS deal looks to consist of 41,250 unsecured consumer loans, though the total portfolio pricing has yet to be released; the deal was audited by Deloitte; banks involved in the transaction include J.P. Morgan Securities LLC, Credit Suisse Securities LLC and Morgan Stanley & Co. LLC. Source