An Extensive Market
This market is extensive with sellers taking advantage of online marketplaces and platforms to sell their vehicles.
Mitigate Risks, Maximise Benefits of Private Sales Car Loans with Jade
Buying cars through private sellers can present many advantages compared with buying through dealers or at auction. But buyers need to be aware of both the benefits and the risks of purchasing this way.
Why Jade Finance?
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The easy application process provides you with comprehensive information. Make a fully informed decision on your car loan.
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Save time, money, and worry - Get Pre-Approval for your finance. You'll be good to go when you find your dream car.
Car Loan Specialist
With over 25 years of experience in finance, we have a reputation for negotiating great rates with same-day approvals.
Secure Low Interest Rate Car Loans for Private Sales with Expert Guidance
When personal sale car financing is required, we assist buyers to mitigate the risks and maximise the benefits with our personalised services and low interest rate car loans.
Using our specialist motor vehicle finance service can be a distinct advantage when buying from a private seller. We handle many of the checks on behalf of buyers, alert buyers of issues to watch out for and advise of the lender requirements for this type of purchase to streamline the financing and the purchasing process.
With both personal and business vehicles readily available on the private vehicle sales market, we have a complete portfolio of lending products to suit all buyers. Speak with us before inspecting the vehicle to ensure you don’t miss out on quality, in-demand cars.
Overview of Financing a Privately Sold Car
Private sales car loans are loans for vehicles purchased through private sellers.
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Great Value on Offer
Many buyers gravitate to these platforms to purchase vehicles at sometimes significantly lower prices than dealers offer. Essentially, securing a bargain.
Avoid the Risks
As with buying all second-hand cars, extra caution must be taken in doing a range of checks around ownership, if the car is under finance and the condition of the vehicle. When buying from private sellers, especially via online platforms, buyers are urged to be diligent in checking IDs and avoiding scams and fraud.
Checking Vehicle History
To ensure the value of a privately sold car is optimised, buyers should note the time left on the registration and review servicing schedules to ensure additional expenses will not be required in the initial few months of ownership.
Budget for the Future
If additional expenses are envisaged, they may need to be budgeted when planning finance repayments.
Used Car Loans Apply
The same loan products are applicable to both dealer and private seller purchases. A key point to note when financing a privately sold car is that the vehicle will be second-hand and used car loan products will apply.
Suitable Loan Collateral
The vehicle will need to be accepted as suitable collateral by lenders for secured loans or an unsecured finance product may be selected.
Highly Competitive Rates
Our highly competitive used car interest rates will apply, and the condition of the vehicle assessed by lenders in preparing rate offers. Our private seller car loan process follows the same simple steps as for other types of sales.
Pre-Approval Advantage
But many astute buyers opt to have their finance pre-approved, so they are 100% ready to shake on the deal on the first test drive.
Get Fast Finance Approval in 24 Hours for Private Car Purchases
We can have applications approved in 24 hours so apply today and be ready to go car shopping tomorrow.
- Great used car rates for private purchase car loans.
- Fast finance approval to capture in-demand vehicles.
- Personal and business private car sale financing available.
Car finance guides and resources
Our guides offer quick comparisons and simple explainers to help you motor through the financing process with confidence.
Specialised Car Finance
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Commercial Vehicle Finance and Personal Car Loans for Private Sales
As specialists in vehicle finance, we have a complete portfolio of lending products for both personal and business buyers. Competitive rates on second-hand vehicles are assured, and our brokers tailor each funding package to suit individual requirements.
Our brokers assist buyers, streamlining the process to secure the lowest rates and most workable terms. Request a quote to suit your budget and requirements.
- Secured and Unsecured Personal Sale Car Financing.
- Great used vehicle rates on Chattel Mortgage, Leasing, Hire Purchase.
- Best fixed rates, fixed terms, balloon options.
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Realise the Benefits of Personal Sale Car Financing with Jade
Private sales can provide buyers with the opportunity to purchase quality second-hand vehicles at highly attractive prices. Buyers also have the opportunity to negotiate directly with the seller and if ready to commit, potentially get that price down even further.
Private sellers may be more open to negotiating on price than dealers. Especially if they are keen to sell. Having your financing confirmed prior to inspecting the vehicle, can be a very useful negotiating tool.
Online platforms provide a convenient marketplace for sellers and for buyers. Sellers can easily post their vehicle for sale and potential buyers can quickly and easily review and compare multiple vehicles in a short space of time.
Without the usual mark-ups and extras charged by dealers, privately sold vehicles can be priced lower. When financing is required, buyers can maximise any savings with our low rates on used motor vehicle finance.
With over 80 lenders in our lending panel and a team of sharp, experienced brokers, we have the capabilities and resources to secure the lowest rates and most workable terms and repayment schedules. Our brokers know the motor vehicle market and assist private sale buyers with tips and guidance on what to be alert to.
The process of getting a loan for a private car sale through Jade is straightforward and simple. Contact us by phone or online with the details of the vehicle and provide the necessary details about your financial position. We’ll quickly check your eligibility and source the best quote. Conditional quotes and approvals can be obtained based on an estimated price, to enable buyers to set their budget.
Your Jade broker will carry out various checks as required on second-hand vehicles to support buyers through their purchase process. When browsing vehicles online, buyers can estimate their loan with our finance calculator.
Many approvals will be processed within 24 hours. Providing a fast financing service to ensure our customers do not miss out on the vehicles they are interested in. Speak with us about pre-approved finance so you are in the driver’s seat when talking about the price.
- Fast 24 hour approvals.
- Competitive used car rates from 80+ lenders.
- Assistance with second-hand vehicle checks.
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![Get Financial-Free Solutions with Our Simple Documentation Loans.]()
Eligibility & Documentation for Private Seller Car Loan Process
Getting a loan for a private car sale involves the same eligibility checks and documentation as for financing used vehicles through dealers. Individuals will need to be over 18 and provide ID, details of income, debts, financials and other personal information. Businesses will require an ABN and provide financials on their operation. Where full financials are unavailable, speak with our brokers about our No Doc and Low Doc business financing options.
As with all second-hand vehicle loans, the lender will require details about the vehicle in order to assess it as suitable collateral and to prepare an offer. Your Jade broker will advise the specific documents required for the vehicle you are purchasing. Get in contact today.
- Streamlined private seller car loan process.
- Specialists to assist with documentation.
- Low doc options for business buyers.
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How Jade Assists to Mitigate Risks with Privately Purchased Vehicles
Purchasing a vehicle from a private seller can potentially involve greater risk compared with purchasing from an authorised motor dealer. When financing a privately sold car with Jade, buyers have the full assistance of our brokers to mitigate the risks.
We check the legal ownership of the vehicle with rego checks and check the PPSR to ensure the vehicle is not under finance. If purchasing via an online platform, it is strongly advised to verify the seller’s identity to avoid scams.
While authorised dealers must comply with Consumer Laws with warranties and guarantees, private sellers may not be covered by such regulations. Buyers should take extra care with checking the vehicle itself.
Buyers should pay close attention to the condition of the vehicle. Online photos can enhance the true condition. Always inspect the vehicle in person and test drive. Where possible, have the vehicle checked by an auto mechanic or a road services organisations to ensure it is mechanically sound and passes rego in your state.
Before proceeding to buy, buyers can refer to the ACCC ScamWatch website for guidelines on safely buying online and from private sellers. Remember, if it sounds too good to be true, it possibly is.
When making payments to private sellers, account details need to be checked. Our brokers will be handling settlement with our lender, to assist buyers in that respect. Let us help when you get in contact.
- PPSR, rego & other checks completed.
- Reputable lenders, specialist brokers.
- Advice and guidance for buying from private sellers.
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* The comparison rate displayed is calculated for a loan of $30,000 over 5 years. The results from this calculator should be used as an indication only. Quoted repayments are based on advertised rates and do not include lender fees and charges. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you speak with us so that we can provide you with advice that is tailored to your situation.
DISCLAIMER: This comparison chart is provided for general reference purposes only. It is not in any way intended as a loan application, it is not a quote for business finance or any indication that an application has been received or approved. The rates quoted are for business use where the funds are predominately for business use and may not include all the fees and charges that may be applicable. The interest rates and the repayments displayed do not account for any conditions pertaining to your individual loan application. Therefore the interest rate and repayment you may be offered may vary from the amount shown.
We work harder to secure the best rates.
Private Sales Car Loan FAQs
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PPSR is the Personal Property Security Register. It holds the details of goods purchased with finance. Buyers of used cars can check the PPSR to ensure the vehicle does not have money owed to a lender.
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Vehicles purchased from private sellers can be financed with Secured and Unsecured loans for private buyers and with Chattel Mortgage, Leasing and Hire Purchase for business buyers.
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Yes. Vehicles purchased via an online marketplace may be financed, subject to lender acceptance of the suitability of the vehicle.
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Interest rates on used car finance are subject to the lender assessment of the vehicle and the borrower’s application. The type of seller – private or dealer, would not influence the interest rate offer.
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Personal and business loan applicants will need to complete the standard application forms, providing details on their financial position, debts and income. Information about the vehicle will also need to be provided.
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Buyers purchasing from private sellers can submit their loan application prior to purchase for pre-approval. Approval and any offer is subject to the lender receiving the specific details of the vehicle including condition and age.
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When buying a car from a private seller, buyers should be aware of the ownership of the vehicle and the seller’s authority to sell; if the vehicle is under finance; identification of the seller and the vehicle; ensuring the vehicle is as described; and that banking details for payments are valid.
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Used vehicle financing is available through a wide range of lenders. All applications are subject to the individual guidelines of the lender.
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The condition of a used vehicle, it’s value and the loan amount requested will be assessed by lenders when deciding if approval for no deposit finance is given.
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Where a business purchases vehicles for the operation from a private seller, the vehicles can be financed, subject to lender approval.