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.
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 […]
Understanding your full financial profile is critical to making smart decisions for your financial future. A good way to get a bird’s eye view of your finances is to calculate your total net worth. By compiling a complete list of your financial assets, debts, and liabilities, you can more easily prioritize spending and make informed […]
Credit scores and credit reports are regularly used by businesses to determine if you qualify for important services like loans, insurance, rental agreements, and offers of employment. As a result, it’s essential to make sure the information on your credit report is accurate. Credit monitoring is one way to ensure this goal is met. How […]
When you fill out an application for a credit product such as a mortgage, loan, or credit card, you will typically be asked to provide your credit score. In this article, find out more about what a credit score is and what it can do for you. What is a Credit Score? Your credit score […]
Refinancing an auto loan is generally possible if you meet the basic criteria. The goal is to take out a new loan to pay off an older loan. While this may sound simple, there are some timelines and possible conditions you must consider. Previous Terms Lenders certainly prefer that you stick with them for the […]
Refinancing your vehicle makes sense given you meet the timeline and lender qualifications. It can allow you to find a better loan, lower your interest rate, or lower monthly payments. However, the auto refinance checklist can be lengthy when it comes to what’s needed to complete the process. Let’s look at the essentials and make […]