Five Things to Look for Under the Hood of a Used Car Loan
Chances are you wouldn't buy a used car without first looking under the hood. Take the same approach when it comes to used car financing. Like shopping for a used car, due diligence is critical when shopping for a used auto loan. This is especially crucial if you’re a borrower with solid credit, as there are certain loan features you shouldn't have to compromise on. Here’s a look at five characteristics of a great loan for used cars:
Your lender’s focus should be on the fact that you have strong credit, not on the fact that you've decided to buy a used car instead of a new one. You should be entitled to a great rate regardless, and with LightStream, you’ll get it. Our used car loans feature fixed-interest rates that begin as low as
* APR with AutoPay, plus flexible loan amounts between
Having solid credit should mean having the freedom to finance any used car you select, regardless of its make, model, year, dealer (or any other variable you can think of!) That may make certain lenders cringe, but not us. In fact, our loan product is called the AnythingLoan, because you can use it to finance or refinance just about anything. The used car of your choice is no exception
Cash in Hand.
LightStream delivers AnythingLoan proceeds directly to a borrower’s bank account. Why is having cash in hand so important? Because it puts you in control of the purchase. It frees you to move quickly, and negotiate as a cash buyer.
If you have strong credit, you shouldn't have to wait around for your lender. With LightStream, you won’t. If approved for a loan, you can often have money deposited into the bank account of your choosing the same day you apply.†
A Pleasant Experience.
Speaking of your loan application, don’t settle for a pile of paper or application headaches. Demand better. LightStream has a simple online application that takes just minutes to complete. We respond to customers within minutes during business hours, provide a virtually paperless experience and back up our service with an exclusive $100 Loan Experience Guarantee
LightStream's Secured Auto Loan Option:
For those who do not qualify for the unsecured AnythingLoan, LightStream may be able to offer a - secured auto loan. It will include an additional couple of steps for titling, and borrowers are able to buy any used car from any licensed automobile dealer. Like our unsecured loan, we are committed to providing you a simple and streamlined experience and exceptional customer service, still backed by our $100 Loan Experience Guarantee.
If you have additional questions about LightStream Used Car loans, please
read our LightStream Used Car FAQs.