by Step Finance | Aug 28, 2022 | Bank Statements, Credit Rules, Finance
It’s a fact of life now with most loans requiring bank statements to assess an applicant. Credit worthiness is about proving to a lender that you are a low risk to paying back the loan. In 2021, around 2.7 million people had a car loan. The average spend was...
by Step Finance | Aug 25, 2022 | Credit Rules, Finance
If you’re preparing for a new vehicle purchase that you are going to finance, it’s a good time now to review your ‘match fitness’ for finance. Things have changed dramatically over the past few years when it comes to finance. Here are my top...
by Step Finance | Jul 18, 2022 | Finance
Imagine you have decided on a car, you’ve done your research online, watched countless videos on Youtube and now have your heart set. You go to the dealership and get things moving only to be forced in front of the Finance and Insurance salesperson (also known as the...
by Step Finance | Jul 18, 2022 | Finance
There are some things in life that can feel pretty terrible and one of those things is being declined for finance. Worse still is not really understanding why. You may think, I have a good stable job, I am pretty good with bills and paying back loans… why?...
by Step Finance | Jun 16, 2022 | Finance, Finance Structures
When it comes to car finance there is an add-on that some financiers allow you to apply known as a balloon payment. It’s a way that the loan is structured to leave an amount at the end of the loan that you payout in one lump sum. With Balloon Term: 60 months $50,000...
by Step Finance | Feb 9, 2022 | Finance
When completing an assessment for finance for a car, boat, trailer, caravan or leisure craft, we are often asked why so much information is required. Just give me a rate! We can certainly provide a range of rates available in the market, but this does not mean you...
