Used-car financing priced on your credit, not the car’s age.
A dependable used car should not carry a subprime rate just because it is not new. Borrow against what the car is actually worth, at a fixed rate set by your credit — not by the age of the vehicle.
Fixed rates from
7.99%APR with AutoPay*
Assumes excellent credit. Your rate is determined by your credit profile, amount, and term.
Checking your rate does not affect your credit score.
What it covers.
- A certified pre-owned or independent-lot used car
- A private-party used purchase paid from your account
- Replacing a high-rate used-car-lot “buy here, pay here” loan
- A dependable second vehicle for the household
Why a Lightstream loan.
Priced on your credit, not the car’s age
Secured used-car lenders price up for older or higher-mileage cars. An unsecured loan is priced on you, so a sensible used car does not get punished for not being new.
A fixed payment you can count on
Your rate is locked the day the loan funds and holds for the full term — no adjustment, no balloon at the end of a used-car contract.
Shop dealer or private
Funds in your account work at a CPO dealer or a private driveway alike, so you can chase the best car, not just the best financing offer.
No fees offsetting the savings
No origination fee and no prepayment penalty, so the lower rate is the whole story — not the setup for a fee somewhere else.
Loan amounts and terms.
- Loan amounts
- $3,000 – $100,000
- Repayment terms
- 2–12 years
| Loan term | APR range with AutoPay* | Example payment per $10,0002 |
|---|---|---|
| 3 years | 7.99%–18.99% | $313.32/mo |
| 4 years | 8.79%–19.79% | $247.85/mo |
| 5 years | 9.69%–20.69% | $210.95/mo |
| 6 years | 9.69%–20.69% | $183.70/mo |
| 7 years | 10.79%–21.79% | $170.12/mo |
| 10 years | 10.79%–21.79% | $136.56/mo |
Funds can be received as soon as the same business day for applications approved before 2:30 p.m. Eastern time.¹
Frequently asked questions.
No. Secured auto lenders cap the age and mileage they will finance because the car is their collateral. A Lightstream loan is unsecured, so a high-mileage but well-kept car that a title lender would decline can still be financed on your credit.
Yes — though there is a dedicated private-party option too. Either way, funds are deposited to your account so you can pay a seller directly and complete the title transfer as a cash buyer.
Borrow the purchase price plus tax and title costs. The calculator lets you test a few amounts and terms so the monthly payment fits your budget before you commit to a specific car.
If you are already in a high-rate used-car contract, the auto-refinance option is built for exactly that — replacing the existing loan at a fixed rate priced on your current credit, with no fee to switch.
Related loan purposes.
Disclosures
*Loan terms vary by loan purpose, amount, term, and credit profile. The lowest advertised rates require excellent credit. 29.46% of approved applicants who applied for the lowest rate qualified for it, based on data from 01/01/2026 to 03/31/2026. The rate quoted includes the AutoPay discount; the AutoPay discount is only available prior to loan funding, and rates without AutoPay are 0.50% points higher. All loans are subject to credit approval; additional conditions and limitations apply. Advertised rates and terms are subject to change without notice.
¹Same-day funding is available if your loan is approved on a banking business day and, by 2:30 p.m. Eastern time, you complete these steps: (1) review and electronically sign your loan agreement; (2) provide us with your funding preferences and relevant banking information; (3) complete the final verification process.
²Example payments are per $10,000 borrowed at the lowest APR shown for that term, include the AutoPay discount, and assume excellent credit. Your payment is determined by your amount, term, and credit profile.
Payment example: Monthly payments for a $10,000 loan at 7.24% APR with a term of 3 years would result in 36 monthly payments of $309.87.
Maximum APR for a Lightstream loan is 25.39%. Loan terms range from 24 – 240 months depending on the loan purpose.