I got a Lightstream loan for my car. 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. This amount can be delivered directly to your bank account, often as soon as the same business day. Rates will also vary by loan type. My credit was 780-800 at the time and my credit history was ~10 years long. Message 1 of 3 0 Kudos All forum topics; Previous Topic; Next Topic; 2 REPLIES 2. Funds are deposited directly into your bank account, so you can shop for any bike you choose. 1. share. Thanks!!! Spending more than half your annual income on a car that you plan not to insure is a bad idea. Search here for them, haven't seen them mentioned in a post. Start Streaming. Cash in account next morning, and a new motorcycle in my garage Saturday! How long have you had your job? View Entire Discussion (6 Comments) More posts from the personalfinance community. Not much physical presence on the West Coast but huge in the Southeast. Lightstream Studio. LightStream is a bastion of low rates and no fees, but that doesn’t mean taking out a loan from LightStream makes sense. (yes i know but i’m willing to risk it so please dont try and convince me otherwise thanks!). I also signed up with a payday debt program of which I owe about $6,000 to. 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. Great rate, never had any issues. Create more professional and impactful live streams. Because of these tickets any full coverage I attempt to buy is 500-700 a month which is just ridiculous and not feasible. (Young and didnt know any better). In a Nutshell With loan options for new cars, used cars, classic cars and more, LightStream just might have something for every car buyer. Cookies help us deliver our Services. Press question mark to learn the rest of the keyboard shortcuts. Rate is quoted with AutoPay discount. 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. If you have good credit, you can quickly be approved for an unsecured loan, with no fees. I still carry collision and comprehensive insurance. AutoPay discount is only available prior to loan funding. Has anyone used Lightstream before to take out a personal loan? 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. Your credit report will also determine whether your LightStream loan will be an unse… Press J to jump to the feed. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. Loan Details Custom RTMP. 12K for 36 months @6.74% with an autopay discount of .50%. You can get a 0.50% lower annual percentage rate if you set up AutoPay prior to loan funding. I got a Lightstream loan for my car. 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? If lightstream is sub 5%, you’re doing fine on cost. Continue browsing in r/personalfinance. Very easy, no BS. So in all debt about $30,000. Anyone ever done a car loan(or any other) with LightStream? Used them for auto - offered me a great rate when others wouldn't, and seamlessly dealt with a few oddities that popped up. 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. The repairs would cost about as much as the value of the car. I just have it on auto pay and I don't have to worry about it. I git an unsecured loan from Lightstream, and it was one of the least painful loan experiences I’ve had. Read our detailed LightStream personal loans review to learn about the interest rates, terms, fees, loan amounts, and more offered by LightStream. 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. Apply for a SunTrust bank credit card to start earning rewards for everyday purchases or travel and to help build your credit. LightStream offers some of the lowest rates for everything from home improvement, debt consolidation, medical bills, auto, motorcycle, RV, boat, etc. Highlighted. Read on to learn more about LightStream personal loan and see if it’s the right one for you! 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. The motorcycle is one of the most romanticized vehicles in world history. I wouldn’t recommend a car payment that is almost 25% of your take home pay, especially with only liability coverage. Rates without AutoPay may be higher. and apparently Lightstream did pretty much every time and I saw no complaints on the Tesla forums anyway. 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. 3: Are there any better options for someone in my situation you might suggest? New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. Awesome these are the results i was hoping to hear, is your loan secured or unsecured? I have a 5.04 interest rate at 60mo. Do you plan on living at home for the next 5 years? I have had my job for 2 years now. 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. SunTrust is trying and experiment with getting people with very high credit scores to take out more loans then they usually have. 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. 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. Im 22yo and have a good paying job(40k a year). In truth, you should buy a cheaper used car. They're in the middle of a buyout (BB&T bought SunTrust this year). LightStream offers both secured and unsecured auto loans and an APR-besting program, “Rate Beat.” Written by: Sarah Brady. They got some other loan offer, took it to Lightstream to match (matching a secured loan with an unsecured one, wow!) 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. People with great credit and income can go to LightStream for a quick loan, or if you are considering getting an RV or motorcycle. 1 year ago. Loan example: A four-year, $20,000 loan with a 13.9% APR would cost $546 in monthly payments. Everything seems legit from here! Join our community, read the PF Wiki, and get on top of your finances! Buy a beater now, if you need to buy something new at all. I also made twice as much money as you do and bought half as much car. Go live in minutes with a complete creative suite right in your browser and powered by the cloud. 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. If you're not satisfied with your loan experience, you can contact the lender to receive a questionnaire about improving services. 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 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. You can get super reliable cars for less than 5k. Conditions and limitations apply. Loan terms vary from 24 months to 144 months, with annual percentage rates ranging between 3.99 percent and 16.99 percent. 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. Press J to jump to the feed. Subject to credit approval. 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. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. What can you use a consumer loan for? 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. Stream to your favorite platforms. You have $1500/mth in disposable income but only $3k in savings? Visit LightStream ’s website and select Auto from the top menu. 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. 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. LightStream Personal Loans Disclosure: * Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Lightstream allows customers to borrow as little as $5,000 or as much as $100,000. Then I refinanced the loan with LightStream which lowered my interest rate to 4.99% APR. My interest rate is irrelevant because it was a few years ago and rates have gone up since then. By using our Services or clicking I agree, you agree to our use of cookies. 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. 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. 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. A few repairs don't make sense but an uninsured 22k used car does? 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. Motorcycle rates always seem higher than regular auto loan rates. And please go easy its my first time posting (: The right choice here depends on the interest rate. Autopay is set up to start in June. On the Auto page, click on “Apply Now” to start. Let your story match your vision. All of LightStream’s auto loans are unsecured, which means more flexibility for borrowers. LightStream offers loan amounts from $5,000 to $100,000, quick approval and funding, plus competitive rates and no LightStream fees. Thank you! Wait...did you get your loan first before researching online? Make sure you read the fine print. ‡ Discount of .10 percentage point is for a new LightStream loan referred online by AAA.com. LightStream Loan; Forest of Dreams; Search for: Follow us on: Tag: motorcycle. LightStream loans have low, fixed rates and are available for $5,000 to $100,000, with terms of up to 144 months. Enough income to pay existing debts and a new LightStream loan. What is the best possible way that I can tackle this without spending years in debt. 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