So I have been in the market for a used car for my wife. I just returned my leased Nissan Leaf as it's now out of warranty. My investments currently have been averaging about 14% per year so I decided that rather than dipping into my cash to buy the car (used, 15K) I'd look into auto loans. My bank (Suntrust) told me about Lightstream. They offer UNSECURED auto, home, etc. loans. I went online and within 5 minutes had a 15K loan at 2.19% APR. Just WHAT? So my question is, how is this even possible? How can they possibly stay in business doing this? I had my cash within 24 hours. No lien, no nothing, just cash in exchange for my promise to pay. That's INSANE. It's basically a personal loan for 2.2%. Why isn't every single person doing this, that's less than my mortgage rate!
Submitted March 30, 2017 at 10:11AM by limitless__ http://ift.tt/2ocwFqh
