Purchasing machinery from Private Sellers

Purchasing machinery from Private Sellers

Are you looking to buy used machinery or equipment - but the seller is not a licensed dealer?

Finance is available on privately purchased machinery of all types (to approved ABN holders) but there is extra paperwork, searches, and a number of challenges that a customer/business may face, all of which take up your valuable time.

Some things to consider

  • Is the equipment still under finance?
  • Is the seller a business (ABN/GST registered) or an individual?
  • If the seller is a business - have you checked the PPSR register for security interests?
  • Does the name on the original sales invoice or machinery registration certificate match the driver's license of the seller?
  • Have you verified the details of the sellers bank account?

Don't be complacent when buying used machinery and equipment from a private seller.  It can often be a big investment and you need to ensure that you get it right!

DOWNLOAD this document for more information what a seller needs to provide and why

KRW are experts at managing the process for financing machinery from a private seller.  We can save you time and money.  CLICK HERE for a call back to discuss your needs.