Key highlights
- Many panel lenders fund private-sale buses for ABN holders
- Lender verifies ownership and any money owing
- Sale price checked against market value
- Have seller details and sale agreement ready
- Simon can guide a private sale start to finish
Some of the best value buses are sold privately by operators upgrading their fleet. Financing a private sale is entirely possible, though a few extra steps apply compared with a dealer purchase. Here is what to expect.
Can you finance a private-sale bus?
Many lenders on Overdrive's panel fund private-sale buses for ABN holders. The main difference is that the lender does some additional verification, since there's no dealer in the middle. This protects both you and the lender and is a routine part of the process.
What extra checks apply to private sales?
Expect the lender to confirm ownership, check for any money owing against the bus, and verify the sale price is in line with market value. A PPSR check and sometimes an independent inspection are common. These steps are usually quick and help ensure you're buying a clean asset, subject to lender criteria.
What do you need for a private sale?
Having the seller's details, the bus's compliance and registration information, and a written sale agreement ready speeds things up. Payment is typically made directly to the seller by the lender once checks clear. For GST treatment on a private purchase, check with your accountant or registered tax adviser.
How do you finance a private-sale bus?
Simon can guide a private-sale bus purchase from start to finish across Overdrive's lender panel. Request an obligation-free quote. It's a soft check that won't affect your credit score.
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