LightStream New Car Loans

Best Of Product

LightStream New Car Loans
in Auto Loans from SunTrust Bank

LightStream New Car Loans

in Auto Loans from SunTrust Bank
SuperMoney Net Recommendation Score -10  


This product is mostly not recommended by SuperMoney users with a score of -10, equating to 2.8 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Mostly not recommended

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Autopay Auto Loan
Autopay Auto Loan 61 reviews
Community Rating Mostly not recommended
Credit Score Range 660 - 850
Loan Amount $5,000 - $100,000
APR  (Fixed APR) 2.99% - 11.89%
Loan Term (Months) 24 - 144 months
Number of Reviews 21

LightStream New Car Loans Review

LightStream New Car Loans is offered by SunTrust Bank, a bank founded in 1865 and based in Atlanta, GA. LightStream New Car Loans are available in 50 states (and Washington, DC).

LightStream auto loan FAQ

How much can you borrow via LightStream auto loan?

LightStream auto loan loan amounts start at $5,000 and go up to $100,000.

What APR does LightStream auto loan offer on its car loans?

LightStream auto loan offers a fixed apr car loan product that ranges from 2.99% APR up to 11.89% APR. Rate is quoted with autopay discount*.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum auto loan term you can get with LightStream auto loan?

LightStream auto loan has car loans with terms ranging from 24 to 144 months. Having the option of longer terms -- terms can range up to 144 months -- allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.

Does LightStream auto loan charge an origination fee?

No, LightStream auto loan does not charge a loan origination fee.

An auto loan origination fee is what some lenders charge for processing an auto loan application and funding an auto loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does LightStream auto loan charge a late fee?

No, LightStream auto loan will not charge you a late fee.

Does LightStream auto loan charge prepayment fees?

No, LightStream auto loan will not charge you a fee for paying your loan early. Whenever possible choose lenders like LightStream auto loan that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my LightStream auto loan loan?

Yes, you can. LightStream auto loan does not charge a prepayment fee, so you can save money by paying your car loan early.

What do you need to qualify for LightStream New Car Loans?

Applicants with a credit score of at least 660 and up to 850 may be eligible for LightStream New Car Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

To qualify for auto loans with LightStream New Car Loans, applicants need a minimum annual income of $50,000 or higher. LightStream New Car Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via LightStream New Car Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by LightStream New Car Loans.

To qualify, applicants may need to provide the following documentation:

  • Applicants must have an active and valid personal checking account
  • Recent pay stubs
  • Proof of income
  • Driver's license
  • Proof of citizenship or residence permit

What is the estimated funding time for a car loan via LightStream auto loan?

LightStream auto loan will typically approve (or deny) a car loan application within 24 hours and fund the car loan within 30 business days of approval.

Does LightStream New Car Loans report your account activity to credit bureaus?

Yes, LightStream New Car Loans reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

Is SunTrust Bank a legit company?

SunTrust Bank was founded in 1865, it is a well-established company that has been in business for 158 years. LightStream New Car Loans are mostly not recommended by SuperMoney community users.

LightStream New Car Loans Disclosure: * The APR listed is for an unsecured dealer used auto loan between $10,000 and $24,999 with a term between 24 and 36 months, for applicants with excellent credit. Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay may be higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. Extended loan terms (85-144 months) are only available for home improvement purposes, for loan amounts higher than $25K. Payment example: Monthly payments for a $10,000 loan at 4.99% APR with a term of 3 years would result in 36 monthly payments of $299.66.
SuperMoney Disclosure: is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From LightStream auto loan

What gets you out of bed in the morning? Your answer is a reflection of who you are, what you value, where you want to go in life — and playing a role in helping you take on that challenge and achieve your aspirations is what we love most about our purpose as SunTrust teammates. We’ve helped musicians in Nashville hit the right notes in getting their careers started, family businesses grow and go multinational, and newlyweds start their life together by financing their first home. Our purpose, Lighting the Way to Financial Well-Being, takes many forms, but put simply: whatever drives your purpose at whatever stage of life—we’re here to help you live it, every day.

Drive the car you want. You’ve earned it. And your best loan ever, guaranteed. You’re in control of the loan process with LightStream. You choose your funding date, and you can even have funds deposited into your account as soon as the same day you apply. LightStream deposits funds directly to your account, which saves time at the dealer, and gives you the power to negotiate a better deal with any dealer or private seller.

Message From Our Editor

What We Love About LightStream Auto Loans

LightStream offers a variety of auto loan choices for new and used vehicles. It also provides loan refinancing, lease buyouts, and options for purchasing and refinancing motorcycles. For consumers with excellent credit, it provides a fast online loan process with competitive rates and no fees. These loans require no down payment and fast funding with no restrictions on the type of vehicle being purchased.

What Could LightStream Do Better?

 Getting approved for a LightStream auto loan can be difficult since the approval requirements are strict. Only individuals with excellent credit will get the best terms and rates while applying results in a hard inquiry on your credit report. Customers need to have a MasterCard or Visa to receive a loan and the only means of customer service is by sending an email.

LightStream Backstory 

As the online consumer lending division of SunTrust Bank, LightStream offers lending options to customers across the United States. This company provides loans for a variety of purposes, such as purchasing automobiles, buying recreational vehicles, and making home improvements. LightStream also provides refinancing options for automobiles and motorcycles.

LightStream focuses on offering a streamlined and simple method for getting loans for people with excellent credit scores. Among those who meet their stringent requirements, the loan rates are often competitive. Both secured and unsecured loans are available for those who meet the application requirements. One of the most unique aspects of LightStream is its commitment to plant a tree for each loan that is funded. 

The Verdict

LightStream could be a reasonable choice for some consumers, specifically those with excellent credit who have a Visa or MasterCard credit card. However, those with lower credit scores will likely not meet the requirements for a LightStream auto loan. It’s also worth being aware that the hard inquiry on your credit can also cause issues for some applicants.

The best option for those who may qualify for LightStream auto loans is to look into all your options first. There may be other companies with better rates and less strict


  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Application Fee $0
No Late Fees
No Origination Fee
No Prepayment Fee
Checking Account Required
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
  • Unemployed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Cosigner
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Minimum Annual Income $50,000
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Recent Pay Stubs
  • Proof of Income
Credit Score Range 660 - 850
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
Funding Time Range 0 - 30 days
Payment Options
  • Automatic Payments
  • Check by mail
  • Credit/Debit Card
APR Type Fixed APR
Loan Amount $5,000 - $100,000
APR (Fixed APR) 2.99% - 11.89%
Loan Term 24 - 144 months

LightStream New Car Loans Community Reviews


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This product is mostly not recommended by SuperMoney users with a score of -10, equating to 2.8 on a 5 point rating scale.


Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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