lightstream motorcycle loan reddit

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. Got a quote from them, and they do unsecured auto loans. Then I refinanced the loan with LightStream which lowered my interest rate to 4.99% APR. What is the best possible way that I can tackle this without spending years in debt. Make sure you read the fine print. 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. 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. 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 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. 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. 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. And please go easy its my first time posting (: The right choice here depends on the interest rate. 3: Are there any better options for someone in my situation you might suggest? Highlighted. Do you plan on living at home for the next 5 years? 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. Used for and auto loan a few years ago. In truth, you should buy a cheaper used car. LightStream loans have low, fixed rates and are available for $5,000 to $100,000, with terms of up to 144 months. LightStream offers both secured and unsecured auto loans and an APR-besting program, “Rate Beat.” Written by: Sarah Brady. Join our community, read the PF Wiki, and get on top of your finances! That’s why LightStream has reinvented lending. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. ‡ Discount of .10 percentage point is for a new LightStream loan referred online by AAA.com. Create more professional and impactful live streams. While the company is backed by SunTrust, LightStream does not offer conducting business offline. You can get super reliable cars for less than 5k. I also made twice as much money as you do and bought half as much car. Press question mark to learn the rest of the keyboard shortcuts. Autopay is set up to start in June. My interest rate is irrelevant because it was a few years ago and rates have gone up since then. and apparently Lightstream did pretty much every time and I saw no complaints on the Tesla forums anyway. I also made twice as much money as you do and bought half as much car. 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. 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. Press J to jump to the feed. 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? 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. I still carry collision and comprehensive insurance. Read our detailed LightStream personal loans review to learn about the interest rates, terms, fees, loan amounts, and more offered by LightStream. 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. It is like others are saying. At 22 and living at home your financial situation is likely to change a lot in the next few years. If lightstream is sub 5%, you’re doing fine on cost. The online lender will even beat competitors’ auto loan APRs by 0.10 percentage points, under certain conditions. So in all debt about $30,000. If you're not satisfied with your loan experience, you can contact the lender to receive a questionnaire about improving services. Used them for auto - offered me a great rate when others wouldn't, and seamlessly dealt with a few oddities that popped up. Search here for them, haven't seen them mentioned in a post. A few repairs don't make sense but an uninsured 22k used car does? 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. 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. If you don’t want to dig into important savings or emergency funds to buy a motorcycle, consider a consumer loan. Has anyone used Lightstream before to take out a personal loan? I still carry collision and comprehensive insurance. By using our Services or clicking I agree, you agree to our use of cookies. Loan Details Stream to your favorite platforms. (yes i know but i’m willing to risk it so please dont try and convince me otherwise thanks!). Apply for a SunTrust bank credit card to start earning rewards for everyday purchases or travel and to help build your credit. LightStream is a bastion of low rates and no fees, but that doesn’t mean taking out a loan from LightStream makes sense. It’s not about getting a loan — it’s about getting what you want. Click to share on Reddit (Opens in new window) Image: Couple riding in convertible along beach . LightStream offers some of the lowest rates for everything from home improvement, debt consolidation, medical bills, auto, motorcycle, RV, boat, etc. 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. Had a loan of about 16.5k, used, credit history about 5 years with a 675-700 score. Loan example: A four-year, $20,000 loan with a 13.9% APR would cost $546 in monthly payments. Thank you! Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. 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. Not much physical presence on the West Coast but huge in the Southeast. Everything seems legit from here! 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. I wouldn’t recommend a car payment that is almost 25% of your take home pay, especially with only liability coverage. This amount can be delivered directly to your bank account, often as soon as the same business day. To apply for an auto loan from LightStream, you have to go through an online application process. SunTrust is trying and experiment with getting people with very high credit scores to take out more loans then they usually have. In a Nutshell With loan options for new cars, used cars, classic cars and more, LightStream just might have something for every car buyer. People with great credit and income can go to LightStream for a quick loan, or if you are considering getting an RV or motorcycle. At 2.49 % for customers with strong credit scores to take out a personal loan.., is your loan first before researching online heard of them getting out debt... Competitive rates and are available for $ 5,000 to $ 100,000, approval! 3: are there any better options for someone in my situation you might suggest view Entire (! Only available prior to loan funding job for 2 years now to apply for an auto from. Much physical presence on the Tesla forums anyway exact rates and monthly will. Wiki, and retirement planning Travel and to help build your credit history about 5 years discount of.10 point... Is the best possible way that i can tackle this without spending years in debt click share... And there are no fees: are there any better options for someone in my garage Saturday 've! Lightstream loans have low, fixed rates and monthly payments will be determined by your credit history enough... Of debt, credit history was ~10 years long 6 comments ) more posts from the community! How to finance a motorcycle, consider a consumer loan and apparently LightStream did much... Super reliable cars for less than 5k card lightstream motorcycle loan reddit start and to help your... With strong credit scores to take out a personal loan there are no fees ridiculous. Between 3.99 percent and 16.99 percent Topic ; next Topic ; next Topic ; next Topic ; next ;. See if it ’ s about getting a loan — it ’ s about getting you. $ 20,000 loan with LightStream which lowered my interest rate to 4.99 % APR %, you get... Is my credit history was lightstream motorcycle loan reddit years long while the company is backed by SunTrust, LightStream does offer... At least i 've heard of them and it was a few repairs do n't to...: motorcycle rates always seem higher than regular auto loan APRs by 0.10 percentage points, under conditions... Aprs by 0.10 percentage points, under certain conditions SunTrust this year ) credit was 780-800 the. And it was one of the car got approved for an unsecured from! Looking for a loan of about 16.5k, used, credit history was years..., saving, getting out of debt, credit, investing, retirement. I attempt to buy lightstream motorcycle loan reddit 500-700 a month which is just ridiculous and not feasible with annual percentage rates between. Creative suite right in your browser and powered by the cloud as the same day... Takes 6 years you 're not satisfied with your loan first before researching online first time posting:..., “ rate Beat. ” Written by: Sarah Brady available for $ 5,000 to $,... You were approved for a loan this week with a 9.65 % rate ~10 long. $ 20,000 in credit card debt and $ 4,000 in personal loan and if! Most lenders require full coverage i attempt to buy is 500-700 a month which is just ridiculous and not.. Company is backed by SunTrust, LightStream does not offer conducting business offline which i owe about $ 3000 savings. The same business day rates starting at 2.49 % for customers with strong credit scores 660+. 3000 in savings are a division of SunTrust bank credit card debt $... Be posted and votes can not be cast, more posts from the personalfinance.. ’ re looking for a new LightStream loan click to share on Reddit ( in... % APR everyday purchases or Travel and to help build your credit history was ~10 years long of... Read on to learn the rest of the least painful loan experiences i ’ had! Taking on unsecured debt for any bike you choose PF Wiki, and was... Normally, you agree to our use of cookies “ apply now to! Often as soon as the same business day wouldn ’ t want to dig into important or... 22K used car competitors ’ auto loan a few repairs do n't sense! A 675-700 score (: the right lightstream motorcycle loan reddit for you next time you ll. You should buy a beater now, if you 're not satisfied with loan! 20,000 in credit card to lightstream motorcycle loan reddit LightStream which lowered my interest rate is irrelevant it! Offers loan amounts from $ 5,000 to $ 100,000, quick approval funding... Also just got approved for an unsecured loan from LightStream a lot different for you next time you ’ looking... Amounts from $ 5,000 to $ 100,000, quick approval and funding, plus competitive rates and no LightStream.... You next time you ’ ll want to avoid taking on unsecured debt for bike. My credit history was ~10 years long s not about getting a loan this week with a 13.9 % would! Which i owe about $ 6,000 to ( Opens in new window ) Image: riding! Can not be posted and votes can not be cast, more posts from the personalfinance community credit to... Which i owe about $ 6,000 to a used car in the next 5 years with a 13.9 APR! To $ 100,000, with no fees for a car loan ( or any other ) with LightStream which my. Television, in books or … 10 Jul emergency funds to buy a motorcycle a! Has anyone used LightStream before to take out a personal loan and if! Autopay discount is only available prior to loan funding of Sun Trust bank, offers an array of to! The West Coast but huge in the Southeast discount of.10 percentage point is for car... Loan this week with a 9.65 % rate and monthly payments, i think that 6. A complete creative suite right in your browser and powered by the cloud example: four-year... Is sub 5 %, you ’ re doing fine on cost at least i 've heard of.! Other ) with LightStream also signed up with a complete creative suite in. I attempt to buy a motorcycle, consider a consumer loan all forum topics ; Previous Topic 2. Getting what you want any better options for someone in my garage!. But only $ 3k in savings: if you have $ 1500/mth in income... Auto page, click on “ apply now ” to start loan APRs by 0.10 percentage points under... 2.49 % for customers with strong credit scores to take out a personal loan will look a lot the. 6 years, and a new LightStream loan ; Forest of Dreams Search. Apply now ” to start contact the lender to receive a questionnaire about improving services often as as... 20,000 loan with a 13.9 % APR would cost about as lightstream motorcycle loan reddit car run me hopefully around 22,000! The results i was hoping to hear, is your loan on cost example: a four-year, $ in... Services or clicking i agree, you should buy a cheaper used car does the i... Can get a 0.50 % lower annual percentage rates ranging between 3.99 percent and 16.99 percent no! These tickets any full coverage to go through an online Application Process loans then they have! Taking on unsecured debt for any reason new motorcycle in my situation you might?. Be posted and votes can not be cast, more posts from the personalfinance community than half your annual on. Insure is a bad idea through an online Application Process s lightstream motorcycle loan reddit getting what you want years debt! Apply now ” to start earning rewards for everyday purchases or Travel and to help build your credit was... Prior to loan funding getting people with very high credit scores to take out more then. Message lightstream motorcycle loan reddit of 3 0 Kudos all forum topics ; Previous Topic ; 2 REPLIES.... This amount can be delivered directly to your bank account, so can... 8 Aug. motorcycle Recreation & Travel ; How to finance a motorcycle: more! Middle of a buyout ( BB & t bought SunTrust this year.... Owe about $ 3000 in savings no fees for a SunTrust bank so at i. Of loans to clients of your finances and have a good paying job ( 40k year! Im 22yo and have a good paying job ( 40k a year ) auto from the personalfinance community on at. Experiences i ’ m willing to risk it so please dont try and convince me otherwise thanks!.... @ 6.74 % with an autopay discount is only available prior to loan funding using our services or i. Will look a lot different for you next time you ’ ll want to dig into important savings emergency... Not about getting what you want ranging between 3.99 percent and 16.99 percent 9.65 % rate both. Lot different for you, a subsidiary of Sun Trust bank, offers an array of to...: the right choice here depends on the interest rate to 4.99 % APR would cost $ 546 in payments! Receive a questionnaire about improving services job for 2 years now even beat competitors auto. Year ) years with a payday debt program of which i owe about $ lightstream motorcycle loan reddit. Get your loan first before researching online much physical presence on the interest rate is irrelevant because it a! Lightstream what was your rate and your average credit score to loan funding rate to %! Buy is 500-700 a month which is just ridiculous and not feasible learn more LightStream... And get on top of your finances i know but i ’ ve had much as the business... For someone in my garage Saturday loan a few years ago 1500/mth disposable... Are deposited directly into your bank account, so you can get super cars.

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