Welcome to the Gravity Lending Resources page. This is where we share some of the most important tips, news and other items we come across in auto refinancing and other loan opportunities.
Deciding to replace your car is never easy, but when repair costs pile up or your vehicle no longer suits your needs, upgrading to a new car can feel like the right move. However, one crucial step often gets overlooked in the excitement of purchasing a new vehicle: securing the best financing rate. Signs It’s […]
When it comes to protecting your vehicle, you’ll likely come across terms like “vehicle service contract” and “vehicle protection plan.” While they may seem similar, they serve different purposes and offer distinct benefits. Knowing the differences between these two options will help you make an informed decision about which is right for you. Understanding Vehicle […]
Many people find themselves struggling with their auto loan payments. It’s crucial to address these financial challenges promptly to avoid more severe consequences, such as repossession. Assess Your Financial Situation If you find your payments getting harder to make, begin by evaluating your overall financial health, assessing your income sources, and listing your monthly expenses […]
Auto financing can be confusing, especially when comparing auto refinancing to loan modification. Understanding the difference can help you make the best choice for your financial situation. What is Auto Refinancing? Auto refinancing involves taking out a new loan to pay off your existing car loan. This new loan usually comes with better terms, like […]
When it comes to maintaining your vehicle, unexpected repairs can be costly. That’s where a vehicle service contract (VSC) can make a difference. But what exactly is a VSC, and why should you consider one? Let’s break it down. What is a Vehicle Service Contract? A vehicle service contract is an agreement that covers the […]
There is truth to the old saying that “a car loses value the minute it is driven off the lot.” The expression refers to a phenomenon called auto depreciation, in which vehicles naturally lose value over time as the result of normal wear and tear, accidental damage, poor maintenance, or external economic pressures. Depreciation affects […]
Leasing a car allows prospective buyers to test new models and technology before committing to a purchase. Sometimes, however, drivers fall in love with their leased vehicle and don’t want to return it. Drivers that just can’t part with a leased vehicle can often keep it as part of an auto lease buyout. Purchasing a […]
Car accidents can be expensive, not to mention dangerous. Juggling insurance claims, costly repairs, and replacement vehicles inevitably leads to stress and frustration, especially if you’ve also incurred injuries. The last thing you want to do is make payments on a car you no longer have. Fortunately, Guaranteed Asset Protection (GAP) insurance helps keep costs […]
While the U.S. economy remains strong and stable, many individuals still fear the effects of a future recession, as prices are going up and wages are not rising alongside them. If you, like many others, are looking for ways to save money, you might consider refinancing your car—but how does a possible recession affect this […]
If you’re looking to buy, or refinance, your dream vehicle, planning ahead is critical. There is no shortage of considerations, from your credit report to your budget. You may also need a co-signer, and it’s important to finalize one before attempting to secure a loan. Co-Signer Basics A co-signer on a loan agrees to pay […]