The online lender LightStream offers no restrictions based on vehicle age, mileage, make or model and the starting rate for new, used and refinance car loans are the same, because these loans are unsecured. While most people shy away from unsecured car loans, thinking the APR will be high, LightStream offered one of the lowest average rates across all credit scores on the LendingTree platform in the first half of 2021.
WHAT WE LIKE
LightStream says it will beat any qualified rate by 0.10 percentage points and it has a $100 customer satisfaction guarantee, though terms apply. Read our full Lightstream review.
WHERE IT MAY FALL SHORT
LightStream heavily prefers borrowers with credit scores above FICO 660 and low debt-to-income (DTI).