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Gravity: 2023 auto loan review Published 2023-01-27 15:21:19

Written by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She has a specialization in helping readers in navigating the details of borrowing money to purchase an automobile.

Edited by Helen Wilbers Edited by

Helen Wilbers has been editing for Bankrate since the end of 2022. He values the clarity of his reporting, which helps readers confidently find deals and make the best decisions for their financials. He specializes in small business and auto loans.

Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by offering interactive tools and financial calculators, publishing original and objective content. We also allow you to conduct your own research and compare information for free – so that you can make sound financial decisions. Bankrate has agreements with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Money The products that are featured on this site are from companies that compensate us. This compensation may impact how and where products appear on this website, for example for instance, the order in which they may appear within the listing categories in the event that they are not permitted by law. Our loans, mortgage,, and other home loan products. But this compensation does affect the content we publish or the reviews that you see on this site. We do not cover the universe of companies or financial deals that may be accessible to you.

About our reviews . Editorial disclosure Reviewers are supervised by staff. The opinions expressed in them are only those of the reviewer and have not been reviewed or accepted by any advertising company. The information, including rates and fees provided in the review are accurate as of the date that the review was written. Review the information on the right as well as the lender’s website for the most current information.

A look 3.6 Score: 3.6 stars out of five

Bankrate Score

Availability Rating: 3.8 stars out of 5

Affordability Rating 4 .

The Customer Service Rating is 3.4 5 stars. 5

Transparency Rating: 5-stars out of 5.

Find out about auto loan rates

A Gravity loan amount $10,000 to $125,000

Min. credit score of 500

APR from 5.34%

Funds are available in 10 days

Pros and cons of Gravity for certain, the benefits of a smooth application might not be enough to offset the possible long timeframe for funding.

PROS No fees

Application online

Delayed payment schedule

CONS Funding timeline

Refinancing limitations

Gravity is an auto loan marketplace that allows borrowers to compare top refinance offers online and in minutes. The easy application can be done over the phone or via the internet and requires drivers to upload vehicle documents and sign off on a new loan. With the option of applying online and with loan officer guidance refinancing a vehicle or purchasing a lease using Gravity is a seamless procedure that is ideal for those who want an extra helping hand.

Do you qualify? Each lender within the Gravity network carries specific requirements for approval, but consider the following requirements prior to applying. Credit score. To be eligible, you must have a minimum credit score of $500. If your credit score is not as good, look into bad credit auto loans. Income. While Gravity does not disclose specific income restrictions, it is likely that lenders will check at a specific number since disclosure of employment is mandatory. Vehicle. Some lenders will not provide loans to ride-share vehicles, older models of vehicles, or for large one-ton vehicles. What we like and what we do not like Take a look at the entire of what Gravity has to offer before accepting an loan. We like the fact that there are no fees. Gravity doesn’t impose any fees. Online application. Borrowers can seamlessly upload documents and complete their application online. Delayed payment schedule. Gravity lets borrowers delay payments for at least 90 days. We don’t like the funding timeframe. While approval may be in the same day you submit your application, the process can take up to 10 days or more. Refinancing requirements. If you want to refinance your loan with Gravity you need to have an initial loan amount of $10,000. How do I contact Gravity Support for your Gravity loan is available over the phone or online Monday to Friday from 8 a.m. until 6 p.m. Questions specific to your situation can be posted on the internet or emailed to . Gravity’s website also boasts a fairly in-depth FAQ section. Auto loan types offered The Gravity marketplace provides borrowers with the option of auto loan refinance and lease buyout. You can borrow anything from $10,000 to $125,000. Although terms and rates differ for the lender partnership, the borrower likely will be offered terms between 25 and . Gravity also allows for drivers to join or remove co-borrowers. The decision to add or remove depends on the situation, however, this option could provide you with better terms.


Loan quick facts Amounts: $0 to $125,000. Terms: 25 to 84 months APR: 5.34% to 14.99 percent

Drivers who want to reduce their monthly payments or modify loan terms can refinance using any of the lending institutions that are part of the Gravity network. When considering refinance options, make use of a refinance option to ensure you are saving money over the long term. Lease buyout

Quick facts about loans: $0 to $125,000. Terms: 25 to 84 Months APR: 5.34% to 14.99 Percentage

The option of buying out your current car lease is a great way to secure your current wheels and avoid potentially high vehicle expenses. How do you apply for a loan with Gravity You can apply for any of Gravity’s loan products from its site, with the option to prequalify. After a soft credit pull and a credit check, you’ll be matched with a loan person who will guide with the loan process. After you have been matched with one of Gravity’s national lenders you are able to apply absolutely free for the loan suggested. The process can be completed securely on the internet. Then, you’ll go over your new loan terms and decide whether you’d like to reduce or stretch out the loan period, especially if you’re refinancing.

Required application information Valid driver’s licence Proof of auto insurance Documentation of residency Social Security number Information about the vehicle Proof of employment Proof of income

Gravity FAQs

Is Gravity a reputable company? Yes, the company has the A+ BBB Rating & Accreditation and a perfect five stars for Trust Pilot review sites.

Does Gravity lending conduct an invasive credit check? While Gravity does not conduct an actual credit check however, its lenders who are partners with it will probably do so prior to final loan approval. Gravity uses an informal pull to collect your credit information without damaging your score.

How does prequalifying for a loan differ from preapproval? Prequalification will give you a firm idea of what to be expecting for your monthly payments. Preapproval, also known as an interest-free rate based on a hard credit pull.

How Bankrate rates Gravity

Overall Score


The availability


Gravity has a vast lender network, but it does have a strict minimal loan quantity for borrowers.



Gravity boats are fairly competitive APRs and does not charge fees directly from the site of comparison.

Customer Experience


Gravity offers customer support only on weekdays and has an extended timeframe for funding.



Gravity offers both fees and rates on the internet and also offers prequalification.

Methodology to rate lenders who are specialized in refinancing auto loans, Bankrate considers 16 different factors. These variables range from the loan amount, APR that is disclosed as well as acceptance requirements. Each lender holds a score based on four categories. The availability category includes loan amounts, vehicle restrictions and the availability of each state. Affordability: The primary focus of this section deals with expected APR, acceptance requirements discounts for autopay, and the number of fees. Experience with customers: This category includes online access, support availability along with funding timelines, options for automatic payment and app accessibility. Transparency: Here prequalification and the disclosure of fees and rates are recorded.

Disclosure of author The reviews are written by Bankrate.com staff. The opinions expressed in the review are only those of the reviewer , and have not been reviewed nor approved by any advertising company. The information such as rates and charges, presented in the review is accurate at the time that the review was written. Review the information on the right, and the lender’s site for the most current details.

Written by

Rebecca Betterton

Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers to navigate the details of using loans to buy a car.

Edited by Helen Wilbers Edited by

Helen Wilbers has been editing for Bankrate since late 2022. He believes in clear reporting that helps readers successfully get deals and make most appropriate choices regarding their finances. He specializes in auto and small business loans.



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How we make money Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for the placement of sponsored products and, services, or by you clicking on certain links posted on our website. This compensation could impact how, where and in what order products appear within listing categories and categories, unless it is prohibited by law. We also offer credit, mortgage and other products for home loans. Other factors, like our own website rules and whether the product is offered in your area or at your personal credit score can also impact how and where products appear on this website. While we strive to provide a wide range offers, Bankrate does not include details about each financial or credit item or service. Bankrate, LLC NMLS ID# 1427381 | BR Tech Services, Inc. NMLS ID #1743443 |


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