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

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