I bought a newer car when the cost of repairing the old one was a good down payment on a new car - this has nothing to do with the “value” of the old car. Here’s a partial list of purposes that can be paid for with LightStream funds: I also signed up with a payday debt program of which I owe about $6,000 to. I got a Lightstream loan for my car. They're in the middle of a buyout (BB&T bought SunTrust this year). 2: Is my credit score high enough/is my credit history long enough to even get an unsecured low apr loan from Lightstream? They may not be cool or sexy, but they’ll get the job done until the mishaps time out of your insurance company’s view. AutoPay discount is only available prior to loan funding. APRs at LightStream differ depending on loan purpose … Thank you! Used for and auto loan a few years ago. Join our community, read the PF Wiki, and get on top of your finances! So in all debt about $30,000. It is like others are saying. By eliminating paper almost entirely from the LightStream loan process, we not only save our natural resources but we save on expenses as well, better enabling us to offer you highly competitive interest rates. Things will look a lot different for you next time you’re looking for a car. You can get super reliable cars for less than 5k. By eliminating paper almost entirely from the LightStream loan process, we not only save our natural resources but we save on expenses as well, better enabling us to offer you highly competitive interest rates. Lightstream allows customers to borrow as little as $5,000 or as much as $100,000. I also made twice as much money as you do and bought half as much car. Buy a beater now, if you need to buy something new at all. Conditions and limitations apply. I still carry collision and comprehensive insurance. A LightStream auto loan offers few restrictions and low rates starting at 2.49% for customers with strong credit scores (660+). Stream to your favorite platforms. LightStream - Read unbiased reviews of LightStream, rated 5.0 out of 5 stars by 633 users ... **Annual Percentage Rates, terms of loan, and monthly payments presented are estimated and were created based on analysis of information provided by the consumer and available rate information from lenders. 1 year ago. Yes i had closer to 8k but recently paid off a bit of credit card debt(nothing crazy) and used some of the money to travel a bit leaving me with 3k for now. I got approved for a $5k loan with a 12% APR and after doing some research online this company seems legit, but just curious if anyone has any experience with them Read on to learn more about LightStream personal loan and see if it’s the right one for you! If you have good credit, you can quickly be approved for an unsecured loan, with no fees. I also just got approved for a loan this week with a 9.65% rate. I have a make and model picked out that will run me hopefully around $22,000. A 2018 Triumph Sreet Triple R, for those who may be interested ;-) So in under 48 hours, I went from application to cash in the bank. Read our detailed LightStream personal loans review to learn about the interest rates, terms, fees, loan amounts, and more offered by LightStream. I shopped around and am considering Lightstream which i’ve read great things about on here for a UNSECURED Low APR loan instead of a traditional dealer/bank for financing, to be able to purchase only liability insurance on my car which i’ll be able to afford. I have no problem making car payments but due to where I live and my driving history i’d be paying more for insurance than on my actual car payment. If lightstream is sub 5%, you’re doing fine on cost. At 22 and living at home your financial situation is likely to change a lot in the next few years. I wouldn’t recommend a car payment that is almost 25% of your take home pay, especially with only liability coverage. Motorcycle refinancing; Auto loan refinancing; Application Process . While the company is backed by SunTrust, LightStream does not offer conducting business offline. Motorcycle rates always seem higher than regular auto loan rates. Loan example: A four-year, $20,000 loan with a 13.9% APR would cost $546 in monthly payments. Has anyone used Lightstream before to take out a personal loan? Loan terms vary from 24 months to 144 months, with annual percentage rates ranging between 3.99 percent and 16.99 percent. The online lender will even beat competitors’ auto loan APRs by 0.10 percentage points, under certain conditions. At LightStream, we care about the environment and, more importantly, we try to do something about it.For one, we have created a virtually paperless consumer loan experience at LightStream. Used them for auto - offered me a great rate when others wouldn't, and seamlessly dealt with a few oddities that popped up. My credit was 780-800 at the time and my credit history was ~10 years long. Wait...did you get your loan first before researching online? Acceptable loan purposes will depend on the lender. To apply for an auto loan from LightStream, you have to go through an online application process. Rates will also vary by loan type. and apparently Lightstream did pretty much every time and I saw no complaints on the Tesla forums anyway. Thanks!!! ‡ Discount of .10 percentage point is for a new LightStream loan referred online by AAA.com. Right now I have $20,000 in credit card debt and $4,000 in personal loan debt. apacislvallejo. Accepted and they deposited the money next day. Go live in minutes with a complete creative suite right in your browser and powered by the cloud. Whether in movies, on television, in books or … 10 Jul. I have had my job for 2 years now. Message 1 of 3 0 Kudos All forum topics; Previous Topic; Next Topic; 2 REPLIES 2. r/personalfinance. 1: If you were approved for an unsecured loan through Lightstream what was your rate and your average credit score? With approved financing, your motorcycle loan proceeds can be deposited into your bank account right away, so that you can purchase your bike priced from $5,000 to $100,000 in person the same day. If you're not satisfied with your loan experience, you can contact the lender to receive a questionnaire about improving services. I got one for my car. 12K for 36 months @6.74% with an autopay discount of .50%. LightStream, a subsidiary of Sun Trust Bank, offers an array of loans to clients. Apply for a SunTrust bank credit card to start earning rewards for everyday purchases or travel and to help build your credit. LightStream Personal Loans Disclosure: * Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. I have no debt whatsoever and about $3000 in savings. Then I refinanced the loan with LightStream which lowered my interest rate to 4.99% APR. LightStream offers loan amounts from $5,000 to $100,000, quick approval and funding, plus competitive rates and no LightStream fees. A few repairs don't make sense but an uninsured 22k used car does? Rate is quoted with AutoPay discount. 3: Are there any better options for someone in my situation you might suggest? Cookies help us deliver our Services. 8 Aug. Motorcycle Recreation & Travel; How to finance a motorcycle: Learn more about buying and financing a motorcycle. Spending more than half your annual income on a car that you plan not to insure is a bad idea. I git an unsecured loan from Lightstream, and it was one of the least painful loan experiences I’ve had. 2 And there are no fees for a LightStream loan. Had a loan of about 16.5k, used, credit history about 5 years with a 675-700 score. LightStream offers both secured and unsecured auto loans and an APR-besting program, “Rate Beat.” Written by: Sarah Brady. Click to share on Reddit (Opens in new window) Image: Couple riding in convertible along beach . On the Auto page, click on “Apply Now” to start. At LightStream, we care about the environment and, more importantly, we try to do something about it.For one, we have created a virtually paperless consumer loan experience at LightStream. Enough income to pay existing debts and a new LightStream loan. Through LightStream, you can borrow between $5,000 to $100,000 for a variety of uses, including car purchases, debt consolidation, home improvement and wedding financing. Press question mark to learn the rest of the keyboard shortcuts. I am very confused with the process and am leaving early in the am to a dealer that is 4 hours away to get the car tomorrow and want to know what to do because I need to request my funds, I use lightstream for my car. Visit LightStream ’s website and select Auto from the top menu. Anyone ever done a car loan(or any other) with LightStream? At LightStream, we care about the environment and, more importantly, we try to do something about it.For one, we have created a virtually paperless consumer loan experience at LightStream. Besides the cost, another plus is that LightStream lets you borrow high amounts of cash for almost any reason, as long as it’s not for college tuition or a vehicle registered to a business. LightStream is our pick as the best overall motorcycle loan lender because it offers unsecured loans with low interest rates and allows you to borrow between $5,000 and $100,000. You'll get $100 if LightStream receives your completed questionnaire within 30 days of issuing your loan. Lightstream Studio. I still carry collision and comprehensive insurance. LightStream has made the loan experience super easy for motorcycle fans by giving you a 100% online loan process that can be done from your phone or mobile device. Do you plan on living at home for the next 5 years? I got approved for a $5k loan with a 12% APR and after doing some research online this company seems legit, but just curious if anyone has any experience with them, They're a division of SunTrust Bank. LightStream Loan; Forest of Dreams; Search for: Follow us on: Tag: motorcycle. Join our community, read the PF Wiki, and get on top of your finances! From reading some posts here I understand most lenders require full coverage. Your exact rates and monthly payments will be determined by your credit history and profile. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. Because of these tickets any full coverage I attempt to buy is 500-700 a month which is just ridiculous and not feasible. Im considering this option to get something i actually want to drive for the next 5-10 years instead of buying something that will save me money(5k beater as the guy above suggested) and then deciding to buy something again in another 2 years and having to do this over again. In a Nutshell With loan options for new cars, used cars, classic cars and more, LightStream just might have something for every car buyer. 1. share. They got some other loan offer, took it to Lightstream to match (matching a secured loan with an unsecured one, wow!) Very easy, no BS. They are a division of SunTrust Bank so at least I've heard of them. People with great credit and income can go to LightStream for a quick loan, or if you are considering getting an RV or motorcycle. Make sure you read the fine print. By using our Services or clicking I agree, you agree to our use of cookies. I have a 5.04 interest rate at 60mo. So i hope to get a used car in the next 5-6 months. It’s not about getting a loan — it’s about getting what you want. Your credit report will also determine whether your LightStream loan will be an unse… What is the best possible way that I can tackle this without spending years in debt. In CA, I think that takes 6 years. In fact, normally, you’ll want to avoid taking on unsecured debt for any reason. At LightStream, we care about the environment and, more importantly, we try to do something about it.For one, we have created a virtually paperless consumer loan experience at LightStream. Great rate, never had any issues. Loan Details Got a quote from them, and they do unsecured auto loans. By eliminating paper almost entirely from the LightStream loan process, we not only save our natural resources but we save on expenses as well, better enabling us to offer you highly competitive interest rates. LightStream is a good choice for a personal loan if you have a good to excellent credit score and/or you need to borrow more than the standard $35,000 to $40,000. Report Save. Everything seems legit from here! Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Has anyone used Lightstream before to take out a personal loan? I also made twice as much money as you do and bought half as much car. Press question mark to learn the rest of the keyboard shortcuts. Let your story match your vision. This amount can be delivered directly to your bank account, often as soon as the same business day. Continue this thread level 1. Funds are deposited directly into your bank account, so you can shop for any bike you choose. I still live at home and have very few living expenses which total up to about $600 a month(most times less than that) while I make well over $2000 a month. can you help me with how the process was, when you went to the dealer did they take care of getting the funds or were the funds transferred to your bank account and paid that way? (yes i know but i’m willing to risk it so please dont try and convince me otherwise thanks!). Search here for them, haven't seen them mentioned in a post. Im 22yo and have a good paying job(40k a year). You can get a 0.50% lower annual percentage rate if you set up AutoPay prior to loan funding. I’ve never been in an accident but i got 2 tickets that stayed on my record because I paid them without doing traffic school. Cloud capture for console streams . Press J to jump to the feed. Great, seamless experience. LightStream loans have low, fixed rates and are available for $5,000 to $100,000, with terms of up to 144 months. What can you use a consumer loan for? LightStream offers a loan experience guarantee. How long have you had your job? Payment example: Monthly payments for a $25,000 loan at 6.89% APR with a term of 12 years would result in 144 monthly payments of $255.63. Custom RTMP. Create more professional and impactful live streams. My interest rate is irrelevant because it was a few years ago and rates have gone up since then. My credit was 780-800 at the time and my credit history was ~10 years long. The motorcycle is one of the most romanticized vehicles in world history. Rates without AutoPay may be higher. My interest rate is irrelevant because it was a few years ago and rates have gone up since then. All of LightStream’s auto loans are unsecured, which means more flexibility for borrowers. You have $1500/mth in disposable income but only $3k in savings? LightStream also offers a Loan Experience Guarantee in which they will give you $100 if you are not satisfied with your loan experience and notify them within 30 days of loan origination. LightStream offers some of the lowest rates for everything from home improvement, debt consolidation, medical bills, auto, motorcycle, RV, boat, etc. I paid off the loan last week :) 1. share. Autopay is set up to start in June. LightStream is an online lending division of SunTrust Bank that offers fixed competitive rates and flexible terms on loans from $5,000 to $100,000. (Young and didnt know any better). If you don’t want to dig into important savings or emergency funds to buy a motorcycle, consider a consumer loan. I need to get a new car because my current one will only last about the next 4-5 months due to repairs needed that wouldnt make financial sense. Press J to jump to the feed. Continue browsing in r/personalfinance. Report Save. By eliminating paper almost entirely from the LightStream loan process, we not only save our natural resources but we save on expenses as well, better enabling us to offer you highly competitive interest rates. Cons Since LightStream is specifically designed to accommodate the needs of borrowers with credit scores of at least 660 , it may be hard for some borrowers to get approved. In truth, you should buy a cheaper used car. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. And please go easy its my first time posting (: The right choice here depends on the interest rate. Subject to credit approval. Start Streaming. I got a Lightstream loan for my car. Highlighted. Not much physical presence on the West Coast but huge in the Southeast. The repairs would cost about as much as the value of the car. View Entire Discussion (6 Comments) More posts from the personalfinance community. The LightStream loan is one that you should consider putting at the top of your shopping list if you have good credit or better, because of its perks and price. Cash in account next morning, and a new motorcycle in my garage Saturday! LightStream is a bastion of low rates and no fees, but that doesn’t mean taking out a loan from LightStream makes sense. SunTrust is trying and experiment with getting people with very high credit scores to take out more loans then they usually have. That’s why LightStream has reinvented lending. I just have it on auto pay and I don't have to worry about it. You can typically negotiate medical debts to payment plans with 0% interest, and paying for weddings, trips, and most vehicles is something you should do in cash. Awesome these are the results i was hoping to hear, is your loan secured or unsecured? You ’ re looking for a new LightStream loan ; Forest of Dreams ; Search for: Follow us:. 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