Lightstream
Anyone use Lightstream to finance a car? If yes, positives and negatives. If no, what financing you use?
Credit Union. Are you trying to find someone to underwrite a loan for a sports car/classic/exotic or something that most financiers otherwise wouldn’t touch? That’s what most use Lightstream for. Either way, with some specifics I can point you in the right direction.
I just want to do all the financing before setting foot in a dealership, so I can walk in with my set amount in mind, then hand them a cashier’s. It will be for a German sports car.
That’s a good negotiating tactic. New or used? If used, how old? Do you need *ahem* creative financing terms (144 months, subprime credit, etc.)? Depending upon what your needs are, it pays to shop around. I generally pull 2-3 quotes from third party financiers (credit union, Pen Fed, and Lightstream). With that, I go to the dealer and negotiate OTD cost of vehicle. Once we reach that level, I always allow the dealership the opportunity to beat my best quoted rate. A few times, captive financing ended up beating the third parties.
BECU