Switchboard Finance Logo – VIN glossary entry

VIN

A VIN (Vehicle Identification Number) is a unique 17-character code used to identify a specific vehicle. Lenders use the VIN to validate assets when processing Vehicle Finance, Equipment Finance, and Low Doc Asset Finance. Related terms: PPSR, Asset Valuation, Verification. Relevant blogs: Fast-Track Asset Finance, Fleet Finance Approval, Low Doc Truck Finance Tips.

Why VIN Matters

Lenders use the VIN to confirm the exact asset being financed. It ensures the vehicle is legitimate, matches the supplied photos/specifications, and is not stolen, encumbered or incorrectly listed on the PPSR. A correct VIN improves approval speed for applications through the Truckie Hub (for truckies and truckers), Tradie Hub, and Business Owners Finance Hub.

How a VIN Works

  • Every vehicle built after 1989 has a globally unique VIN.
  • The VIN reveals manufacturer, model, body type and build year.
  • Lenders use it to run PPSR searches for encumbrances.
  • Dealers and valuers confirm specifications using the VIN.
  • Incorrect VINs can delay finance approvals for cars, utes, vans and trucks.

Official info: infrastructure.gov.au

What is a VIN?
A VIN is a 17-character unique identifier assigned to every vehicle.
Where can I find the VIN?
Common locations include the door jamb, dash near the windscreen, compliance plate or registration papers.
Why do lenders need the VIN?
Lenders use the VIN to verify the exact asset, check PPSR, and confirm the vehicle is eligible for finance.
Is a VIN the same as an engine number?
No — the VIN identifies the vehicle, while the engine number is specific to the engine installed.
Can a VIN be changed?
No — a VIN is permanent and cannot legally be altered or replaced.