Fees and penalties. No technical wizardry. LightStream auto loan cons Good credit required: LightStream looks for a credit score of 660 … Most personal loans have a maximum term of 60 months. LightStream states that it looks at your credit and payment history when originating personal loans. The loan representatives understand the collector car market – namely, why a 40-year old car might cost upwards of $100,000, or much more. The average APR for a car loan for a new car for someone with bad credit is 18.21 percent. Their application includes much more detail than Woodside - they ask how much equity you have in your home, how much you have in retirement savings, etc. If you’re like most people, buying a new car will require taking out a loan. LightStream offers large amounts of money, too – up to $100,000. It’s not about getting a loan — it’s about getting what you want. If you prize a low rate and control of the loan process almost as much as finding the right classic car, financing from LightStream can … My significant other and I applied and were approved for a personal loan through LightStream, a division of SunTrust. With LightStream, you can easily apply online for your auto loan including new and used dealer purchases, private party purchases, refinancing, classic cars, lease buyouts, and even … No downloads. Low DTI. Chock full of early ‘60s style while sustaining high performance, this Impala is the perfect classic car for someone who wants to live the dream. They'll loan between 10k and 100k, but only to those with excellent credit. Overview. LightStream will finance any car from any seller (individual or dealer), regardless of make or model, with no loan-to-value restrictions. Multiple account types within your credit history, like credit cards, a car loan or other installment loan and a mortgage. APRs at LightStream differ depending on loan purpose with terms between two to seven years. If yes, positives and negatives.If no, what financing you use? Products. Classic car insurance works much like normal auto insurance. Applying for LightStream Personal Loans with a cosigner can improve your chances of approval and help you qualify for lower interest rates. The lowest interest rates include a 0.50% rate discount for using autopay.Loan amounts: You can borrow from $5,000; to $100,000. LightStream also offers a remarkably wide range of auto loan options, including new and used dealer purchases, refinancing, lease buyouts, and classic cars. Unlike many other lenders, they understand that what you are buying is not merely a used car. It may be difficult to find a bad credit car loan with a low interest rate if your credit score is under 600. 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. We have established relationships with trusted companies that specialize in collector car financing, including LightStream Loans, and J.J. Best Banc & Co. Click the link below to see if you can get approved! You can browse all lots on the Mecum Auction site. Lending Uncomplicated ® — only from LightStream. Those who finance a new, used, or classic car with LightStream can purchase their vehicle from a private seller or a dealer. If your credit is low enough that you are considering a cosigner, you might not qualify for the lower end of interest rates that LightStream offers. There are no mileage restrictions on cars purchased with a LightStream auto loan. Call us today at 800-717-5180 , email us at [email protected] , or Apply Online to take advantage of our easy terms, low payments, and exceptional customer service. Super long loan terms. Since car and truck loans are considered “secured,” they might need one to utilize the automobile you’re buying as security for the loan.