Truck & Trailer Finance
Private Sale requirements
How to Buy & Sell transport equipment through Private Sale.
In nine of out ten transactions when Trucks and Trailers are bought and sold privately, the buyer will be making payment using finance.
The banks will try and lead buyers into making a purchase for newer equipment and through a dealer.
There are three (3) key reasons why:
1. Simpler application process, no financials often required, no additional paperwork
2. Faster approval process
3. Less work for the banker
Points 1 & 2 are of benefit for the buyer but only when and if the buyer can find the Truck and Trailer they want, through a dealer.
Keep reading for tips on how to buy or sell through private sale the simple way.
What do you need to buy and sell Private Sale?
Find out exactly what you need to provide if you are buying through Private Sale and using finance.
Whether you are the Buyer or Seller, the lender will need information in order to assess and approve an application for finance.
Download our Private Sale Checklist for Trucks and Trailers.
If you are selling trucks and trailers by providing potential buyers with the information in the checklist it will help them get a faster approval from their financier. If you are buying trucks and trailers make sure you ask the seller for this information to help you get approved faster.
Watch video for instructions on searching the PPSR register for your asset.