A Private Sale refers to buying a vehicle or equipment directly from an individual seller rather than a licensed dealer. In finance, private sales are considered higher risk because there is no dealer warranty, no statutory protections, and no official dealer documentation. Lenders may require extra checks when financing a private sale, including: PPSR Check, VIN verification, Roadworthy Certificate, and identity documents from the seller. Relevant finance types: Vehicle Finance, Equipment Finance, Low Doc Asset Finance. Related blogs: Low Doc Vehicle Finance, Signs You’re Ready for Asset Finance, Low Doc Car Loan With ABN.

Why Private Sales Matter

Private sales introduce more risk for lenders because there is no dealer verifying the asset’s condition or legal status. A lender must confirm the seller owns the vehicle, the VIN is correct, and no outstanding debt exists on the asset. These deals often require more documentation and can take longer to approve than dealer purchases. Approval speed improves when borrowers use the Tradie Hub, Truckie Hub (for truckies and truckers), or Business Owners Finance Hub.

What Lenders Require for Private Sales

• Seller’s driver licence and contact details.
• Clear PPSR report with no encumbrance.
• Verification of the VIN and asset details.
• A valid Roadworthy Certificate (state dependent).
• Photos of the asset (all sides, VIN, odometer, compliance plate).
• Agreed purchase price and payment method.

Official reference: ppsr.gov.au