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LightStream auto loans review

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Quick car loans from $5,000 to $100,000 with Competitive rates for borrowers with strong credit.

TrustPilot Reviews: 2.6 / 5.0 (6 reviews)’s rating: 4.4 / 5.0


Need financing for a new car on a tight deadline? LightStream could offer what you’re looking for. Eligible applicants with good to excellent credit can get funding as fast as the same day. But you’ll need to fill out a full application to see what rates and terms you qualify for — LightStream doesn’t offer a preapproval form.


Min. Loan Amount


Max. Loan Amount




Product NameLightStream Auto Loans
Min. Loan Amount$5,000
Max. Loan Amount$100,000
Interest Rate TypeFixed
RequirementsGood or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
  • Best for: Buying expensive or older cars with strong credit.

First, do I qualify?

To meet LightStream’s most basic eligibility requirements, you must:

  • Have good to excellent credit
  • Have enough income or assets to cover yourother ty current debt obligations and a new loan
  • Be over 18 years old
  • Be a US citizen or permanent resident

What makes LightStream auto loans unique?

LightStream has one of the fastest turnaround times out there when it comes to car loans, making it a great choice if you need funding fast. It also has no restrictions on the age or mileage of the vehicle. That, combined with its relatively high loan amounts making it a good choice for buying antiques or exotic vehicles.

What’s a LightStream car loan?

LightStream new car loans are fixed-rate loans from $5,000 to $100,000. You can apply to finance up to 100% of your vehicle’s value with flexible terms and competitive rates. LightStream looks at your loan term, amount, creditworthiness and payment method when determining your interest rate. You won’t face any application, origination or prepayment penalties.

Its unsecured new car loans have no restrictions on your vehicle’s year, make or model. However, these are only open to borrowers with the strongest credit. Others might only qualify for a secured loan, which is limited to cars, SUVs, light-duty trucks and passenger or conversion vans.

Other types of auto financing available through LightStream

  • Used auto purchase from a dealer. A fixed-rate loan for buying a used car directly through a dealership.
  • Used auto purchase from an individual. Don’t want to go through a dealer? LightStream can also finance a car purchase from a friend, family member or even Dan from Craigslist.
  • Auto lease buyout. When you’ve grown attached to the car you were leasing, LightStream can help make that large buyout payment more affordable.
  • Auto loan refinance. Apply to swap your current car loan for more favorable rates and terms by refinancing with LightStream.
  • Motorcycle purchase or refinance. LightStream also offers special financing options for buying a motorcycle or refinancing an existing motorcycle loan.

LightStream is now a division of Truist

It won’t affect your car loan — yet — but you will notice that LightStream is now backed by Truist. This is due to a recent merger between SunTrust and BB&T. And while nothing has changed, you may notice different rates, loan terms and requirements going forward. Keep an eye out and contact Truist with any questions you may have about the transition.

What rates can I expect on a LightStream auto loan?

LightStream offers Competitive rates on its car loans. Rates can vary depending on credit type, income and other factors in your application.

It could very well be the best deal out there, thanks to its rate beat program.§ Through this program, LightStream can beat it by 0.1%, as long as the competitor’s APR meets certain terms and conditions.

What are the benefits of a LightStream auto loan?

  • Same-day funding. LightStream has one of the quickest turnaround times for a car loan out there.
  • Up to 100% financing. LightStream doesn’t require you to make a down payment on your vehicle.
  • No restrictions to age or mileage. Most lenders won’t let you use a loan to buy a vehicle is too old or has too many miles. LightStream doesn’t have these restrictions.
  • Secured and unsecured options. If you don’t have strong enough credit for an unsecured loan, you can back your loan with your new vehicle — though additional requirements apply.
  • Rate beat program.§ This lender could beat out the competition by up to 0.1% if you’re offered a better deal — in certain circumstances.
  • Competitive rates. LightStream auto loans come with some of the most favorable rates out there. Plus, you can shave 0.5% off your loan’s APR by signing up for autopay during the application process.

What to watch out for

  • Restrictions on secured loans. If you can’t qualify for an unsecured loan, you can only use your loan to purchase a lien-free car, SUV, light-duty truck or passenger or conversion van. You also must purchase and own it in one of the 50 states or Washington, DC.
  • No prequalify option. LightStream doesn’t allow you to apply for a personalized rate quote before you start your application.
  • Good or excellent credit required. This lender isn’t for you if your credit history is brand new or has taken a hit.

Compare more car loan providers

Data indicated here is updated regularly
Name Product Filter Values Minimum credit score APR Loan term Requirements
No minimum credit score
3.9% to 27.9%
18+ years old, annual income of $4,000+, no active bankruptcies
Get pre-qualified for used car financing and receive competitive, personalized rates. Car Loans
Varies by network lender
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Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
CarsDirect auto loans
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Must provide proof of income, proof of residence, and proof of insurance.
Save time and effort with this lending service specializing in beginner-friendly or subprime car loan.
Auto Credit Express Car Loans
Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
Get connected with an auto lender near you, even if you have bad credit.
Monevo Auto Loans
3.99% to 35.99%
3 months to 12 years
Credit score of 500+, legal US resident and ages 18+.
Quickly compare multiple online lenders with competitive rates depending on your credit.

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LightStream customer reviews and complaints

Truist owns LightStream, and so its reviews fall under the larger bank’s Better Business Bureau profile. While there are a number of reviews and complaints, only six of the reviews mention LightStream by name, and most of those are negative.

It also has a small mixed bag of reviews on Trustpilot that veer negative. Customers complain of unsatisfactory communication, and two state they found the preapproval process to be misleading. But as with all loans, preapproval never guarantees your application will be accepted.

How do I apply?

  1. Click the Get your rate button on this page.
  2. Follow the steps to complete the car loan application.
  3. Review your loan offer and e-sign your loan documents.
  4. Wait for your funds to be disbursed to your bank account.

What do I need to apply?

To apply for a LightStream auto loan, you typically need to provide the following documents and information:

  • Name, birthday and Social Security number
  • Driver’s license
  • Information about your job and salary
  • Information about other assets and income
  • Details about your monthly debt obligations

I got the LightStream auto loan. Now what?

Once you have your LightStream auto loan, you’re free to use the funds to buy your new vehicle. You’ll also be on the hook for monthly repayments using the repayment method you selected in the application.

Autopay repayments are automatically deducted from your bank account. Otherwise, LightStream will send you an invoice by email each month with instructions on how to pay off your loan.

Keep an eye on your bank account and loan balance. If you have any questions or concerns, reach out to customer service as soon as possible.

What else does LightStream offer?

In addition to auto loans, LightStream offers personal loans that can be used for a variety of uses. These can range from home improvements to buying a swimming pool.

LightStream user reviews

2.6 / 5.0 (6 reviews)
  • Really bad company - bait + switch tactics - had previously been approved for a...
    read full review
  • SCAM! CONSUMER BEWARE! I have excellent credit and wanted a debt consolidation loan. Lending Tree...
    read full review
  • Cheap now, Pay later! Easy process of getting money....downhill from there. Look elsewhere! All reviews...
    read full review
  • Terrible! I have excellent credit, been a SunTrust customer for over 15 years applied for...
    read full review
  • Wow wow wow! They’re by far the best financial company I’ve ever dealt with. My...
    read full review
  • The best loan I've ever had. For openers they'll give you $100 if it isn't...
    read full review

Bottom line

LightStream’s auto loans have a fast turnaround time and competitive rates. But you may have a hard time qualifying if you don’t have a strong credit score or the income to support another loan.

Check out our car loans guide to compare other lenders and learn more about how auto loans work.

Frequently asked questions

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 are 0.50% higher. If your application is approved, your credit profile will determine whether your loan will be unsecured or secured. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice.
Payment example: Monthly payments for a $10,000 loan at 3.99% APR with a term of 3 years would result in 36 monthly payments of $295.20.

You can fund your loan today if today is a banking business day, your application is approved, and you complete the following steps by 2:30 p.m. Eastern time: (1) review and electronically sign your loan agreement; (2) provide us with your funding preferences and relevant banking information; and (3) complete the final verification process.
§ After receiving your loan from LightStream, if you are not completely satisfied with your experience, please contact them. They will email you a questionnaire so they can improve their services. When they receive your completed questionnaire, they will send you $100. LightStream’s guarantee expires 30 days after you receive your loan.
LightStream reserves the right to change or discontinue their guarantee at any time. Limited to one $100 payment per funded loan. LightStream and SunTrust teammates do not qualify for the Loan Experience Guarantee.

Loan ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, customer reviews, loan amounts, loan processing and borrower experience.

Read the full methodology of how we rate loan providers.

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