AutoGravity Aims to Ease the Process of Car Financing
Mishal Omar — April 18, 2017 — Autos
References: autogravity
AutoGravity is an app that allows consumers to lease a car in just a few simple steps.
There are four steps in the process of leasing a car with AutoGravity, with the first being the search for the car itself. Consumers browsing the app can choose between varying makes, models and trims in the apps vehicle catalog. The next step is to explore local dealerships that are offering the car that the consumer has chosen. The third step in the process allows consumes to apply for financing, with up to four offers available per purchase. Finally, the consumer is able to select the offer that bests suits them.
By allowing consumers to lease a car in just a few steps, AutoGravity ensures that the convenience it offers makes it more likely that consumers will go through with the purchasing process.
There are four steps in the process of leasing a car with AutoGravity, with the first being the search for the car itself. Consumers browsing the app can choose between varying makes, models and trims in the apps vehicle catalog. The next step is to explore local dealerships that are offering the car that the consumer has chosen. The third step in the process allows consumes to apply for financing, with up to four offers available per purchase. Finally, the consumer is able to select the offer that bests suits them.
By allowing consumers to lease a car in just a few steps, AutoGravity ensures that the convenience it offers makes it more likely that consumers will go through with the purchasing process.
Trend Themes
1. App-based Car Leasing - AutoGravity's app-based car leasing process offers disruptive innovation opportunities for the automotive industry to simplify and digitize car purchasing and leasing.
2. Multi-offer Financing - AutoGravity's multi-offer financing system provides disruptive innovation opportunities for the financial industry to improve the car financing process and improve customer experience by eliminating the need for multiple loan applications.
3. Online Car Dealerships - AutoGravity's app allows consumers to browse and select cars from local dealerships, which presents a disruptive innovation opportunity for the automotive industry to shift sales online and simplify the car purchase process.
Industry Implications
1. Automotive Industry - AutoGravity provides an innovative way to simplify and digitize the car purchasing and leasing process, creating disruptive opportunities for the automotive industry to improve customer experience and enhance sales.
2. Financial Technology Industry - AutoGravity's multi-offer financing system presents a disruptive innovation opportunity for the financial industry to improve the car financing process and create a better customer experience.
3. Digital Marketplace Industry - AutoGravity's app presents a disruptive innovation opportunity for the digital marketplace industry to streamline the car purchasing process and shift sales online.
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