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