Used vehicle finance, including private sales and auctions.

Slightly, and it depends on age. Vehicles under about five years old are often priced the same as new, while older vehicles attract a higher rate and a shorter term to reflect the lender’s risk. Because the purchase price is lower, the repayment on a used vehicle is usually well below that of the equivalent new one even with a higher rate. Your broker shows the total cost of both so you can compare properly.

Dealer purchases are often approved within 24 to 72 hours and settled the same day the paperwork is complete. Private sales and auctions take a little longer because of the PPSR check, inspection and seller verification, typically two to five business days. If you have found the vehicle, tell your broker straight away so approval is in place before someone else buys it.

Yes, most asset lenders fund private sales, with extra checks. The lender will run a PPSR search to confirm no existing finance is registered against the vehicle, verify the seller's identity and bank details, and may require an inspection or valuation. Funds are paid to the seller after signing, not to you. Private sales usually settle a little slower than dealer purchases and there is no GST credit to claim unless the seller is registered and issues a tax invoice.

Yes. Lenders finance used vehicles from dealers, and most will finance private sales and auction purchases with a few extra checks: a PPSR search to confirm the vehicle is unencumbered, an inspection or valuation, and a payout to any existing financier. Older vehicles attract shorter terms and slightly higher rates, and most lenders set a maximum vehicle age at the end of the term, commonly 12 to 15 years.

Yes. Lenders finance used vehicles from dealers, private sellers and auctions, for business and personal use. The main differences from new-vehicle finance are age limits, a possible inspection or valuation, and slightly higher rates for older vehicles. Well-kept used utes, vans and cars a few years old are financed every day, often at rates close to new. Your broker checks the vehicle’s age and history against each lender’s rules before you commit.

Most lenders set a maximum age at the end of the loan term rather than at purchase, commonly 12 to 15 years, so a seven-year-old vehicle can usually be financed over five years. Some lenders go older for classic or specialist vehicles with a valuation. The older the vehicle, the shorter the term and the higher the rate tends to be, so your broker matches the term to the vehicle’s age.

The lender pays the seller directly at settlement once a few checks are done: a PPSR search to confirm the vehicle has no finance owing, verification of the seller’s identity and ownership, and usually an independent inspection or valuation. If the seller has finance on the vehicle, the lender pays that out first and the balance to the seller. Allow two to five business days. Your broker coordinates the checks so the seller is paid promptly.

Yes. Getting a pre-approval before the auction is the key, because auction houses expect payment within a day or two of the hammer falling. With a pre-approved amount in place, your broker arranges settlement to the auction house once you have the buyer’s invoice. Auction vehicles are sold as-is, so many lenders require an inspection, and some exclude vehicles with a written-off history.

The Personal Property Securities Register records whether a vehicle has finance owing or is listed as stolen or written off. A PPSR search, done using the vehicle’s VIN, protects you from buying a vehicle that a lender could repossess. Every lender runs one before funding a used vehicle, and it is worth doing yourself for a few dollars before you agree a private sale. If finance is owing, the lender pays it out at settlement so the vehicle transfers clean.

Usually not for a business buyer with a good credit history; most lenders finance the full purchase price and can include on-road costs. A deposit is more likely to be asked for on older vehicles, private sales where the price is above valuation, or for newer businesses and applicants with credit issues. A trade-in works as a deposit.