iLending vs LightStream

iLending, founded in 2006, is a company based in Englewood, Colorado, specializing in auto loan refinancing. Originally known as Fleet Financial, the company rebranded to iLendingDirect and shifted their focus to helping consumers lower their auto loan payments by connecting them with the best lenders and rates. With a team of over 250 employees, iLending has expanded to meet the increasing demand for auto loan refinancing services. They aim to streamline the refinancing process through online applications and dedicated loan consultants, focusing on transparency and customer service throughout the refinancing journey. Keep in mind that iLending doesn't disclose minimum credit score requirements, so it's advisable to check directly with them to determine if you pre-qualify. They maintain an A+ rating with the Better Business Bureau (BBB) and have been recently recognized as the top Auto Refinance Company by LendingTree for Customer Satisfaction, among their earned accolades. This demonstrates their commitment to ethical business practices and exceptional customer experiences, supported by stellar online customer reviews.

LightStream, a division of SunTrust Bank, was founded in 2014 and is headquartered in Atlanta, Georgia. It provides unsecured auto loans, allowing borrowers to finance new and used vehicles, refinance existing loans, or purchase motorcycles and boats, with loan amounts ranging from $5,000 to $100,000. The company is noted for their competitive interest rates, starting at 7.24% with autopay, and offers flexible loan terms from 24 to 84 months. Unique features include a rapid funding process that can deliver funds on the same day as application approval and a "Loan Experience Guarantee," which promises $100 to dissatisfied customers. Customer feedback highlights an easy online application process and the advantage of negotiating as a cash buyer, although borrowers with average or lower credit may face higher rates. LightStream has received a solid 4.3 out of 5 stars in reviews, reflecting a mix of strong rates and some customer service concerns. The company is also committed to environmental sustainability, planting a tree for every loan funded, which adds an appealing ethical dimension to their services. With an A+ rating from the Better Business Bureau, LightStream is a reputable choice in the auto loan market, particularly for those with good credit.