If you’re buying a car from a private seller, it’s important to verify the seller’s identity and ownership of the car. Consider checking the car’s title and the seller’s identification. You’ll also want to verify the car’s history and maintenance. You can do this with online vehicle history sites, and ask the seller for any maintenance and repair records. In addition, you can check for any open recalls on the car online using its Vehicle Identification Number (VIN).

You may also want to conduct a thorough visual inspection of the car’s interior and exterior and take it for a test drive. Also, you can take the car to a mechanic for a pre-sale check.

When actually purchasing the car, ensure the title is transferred to your name before paying the seller, and consider using a check or money order rather than cash so there is a record of payment.

There are no age or mileage restrictions on a LightStream private party auto loan. You can borrow between $5,000 and $100,000 for up to 84 months, with fixed rates and no fees.

There is no penalty for partial or total early repayment of your loan. You can make extra payments any time by signing in to your account.

An unsecured used car loan gives you the freedom to finance a used vehicle without tying it to collateral. This means your car stays yours from day one—no strings attached. With funding as soon as today,^{Disclosure 3} and fewer requirements than a traditional used car loan, you can get on the road sooner. Plus, the funds are flexible, so you can cover related expenses like registration, insurance or even repairs with ease.

LightStream unsecured loans require good-to-excellent credit profiles.

Here are some characteristics we find people with good-to-excellent credit share:

• Credit history: Several years of credit history  (excellent credit profiles have 5 or more years) with a variety of account types, including major credit cards, installment loans, vehicle loans, and mortgage debt, if applicable.
• Assets: The ability to save money, shown by retirement or investment accounts, as well as liquid assets such as checking and savings accounts.
• Income vs debt: Stable income and assets with the ability to repay current debt obligations in addition to the new LightStream unsecured loan. (Excellent credit profiles typically include little, if any, credit card debt.)
• Payment history: A good-to-excellent payment history with few or no late payments, and no other problems repaying debt.

Everyone’s credit profile is unique, and during our approval process, we look beyond your credit score and examine your entire credit profile. Please note: A high FICO® score doesn’t guarantee approval.

Note for joint applicants: Each party on an application is reviewed equally since they share responsibility for this loan.