SuperMoney 
  LightStream New Car Loans

Best Of Product

LightStream New Car Loans

in Auto Loans from SunTrust Bank

Unaffiliated

LightStream New Car Loans

Unaffiliated

in Auto Loans from SunTrust Bank

SuperMoney Net Recommendation Score -15% 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

8 users recommend
1 user is unsure
11 users don't recommend
Cast your vote
Cast your vote

Would you recommend LightStream New Car Loans to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Highlights
Highlights
Community Rating Mostly not recommended
Loan Amount $5,000 - $100,000
APR  (Fixed APR) 3.99% - 10.84%
Credit Score Range 660 - 850
Loan Term 24 - 84 months
Number of Reviews 20

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 is available in 50 states (and Washington, DC).

How much can you borrow via LightStream New Car Loans?

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

What APR does LightStream New Car Loans offer on its auto loans?

LightStream New Car Loans offers a fixed APR auto loan product that ranges from 3.99% APR up to 10.84% 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 loan term you can get with LightStream New Car Loans?

LightStream New Car Loans has auto loans with terms ranging from 24 to 84 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

Does LightStream New Car Loans charge an origination fee?

No, LightStream New Car Loans does not charge a loan origination fee.

A loan origination fee is what some lenders charge for processing, underwriting, and funding a 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 New Car Loans charge a late fee?

No, LightStream New Car Loans will not charge you a late fee.

Does LightStream New Car Loans charge prepayment fees?

No, LightStream New Car Loans will not charge you a fee for paying your loan early. Whenever possible choose lenders like LightStream New Car Loans 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 New Car Loans loan?

Yes, you can. LightStream New Car Loans does not charge a prepayment fee, so you can save money by paying your auto 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 are 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.

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 are, of course, eligible for the services offered by LightStream New Car Loans. Permanent resident / green card holders are also eligible to apply.

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

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

What is the estimated funding time for an auto loan via LightStream New Car Loans?

LightStream New Car Loans will typically approve (or deny) an auto loan application within 24 hours and fund the loan within 30 business days of approval.

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

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 can help improve your credit score.

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: SuperMoney.com 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...

Availability

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

Feature Breakdown

Application Fee $0
No Origination Fee  
No Prepayment Fee  
No Late Fees  
Checking Account Required  
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted Cosigner
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Age 18
Minimum Annual Income $50,000
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Verification Documents Required
  • Proof of Income
  • Recent Pay Stubs
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Credit Score Range 660 - 850
Approval Speed 24 hours
Credit Bureau Reporting
  • Equifax
  • Experian
Funding Time Range 0 - 30 days
Joint Loans Available  
Payment Options
  • Automatic Payments
  • Check by mail
  • Credit/Debit Card
Loan Amount $5,000 - $100,000
APR (Fixed APR) 3.99% - 10.84%
Loan Term 24 - 84 months

LightStream New Car Loans Community Reviews

 

Would you recommend LightStream New Car Loans to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

Other Auto Loans

Auto Credit Express Auto Loan
Rating not yet determined In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote

3 Reviews

Auto Approve Auto Loan
Rating not yet determined In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote

2 Reviews