Loans for Private Sale Imported Vehicles
Have you eye on a Nissan Skyline GTR or looking at a family Nissan Elgrand van? Your bank has said ‘No’ because they don’t offer loans on grey import vehicles.
iCREDIT can now help you arrange finance for all types of grey import vehicles purchased privately all while providing you with great rates, transparency and personalised service.
iCREDIT is dedicated to offering a wide range of transparent unsecured, secured and business financing options throughout Australia and help customers with financing unique and imported vehicles.
We understand that everyone has different requirements, which is why we’re committed to provide an extensive range of loan options through our partnerships with leading banks and non bank loan lenders.
Your next import car purchase can be made possible with a flexible loan with easy to understand, clear options.
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Private Sale Import Car Loan FAQ's
Access frequently asked questions about buying and financing a private sale imported vehicle.
When purchasing an imported vehicle through a dealer you are provided some protection by consumer law as well as the dealership must provide clear title or no security held over the vehicle.
When purchasing a grey imported vehicle through a private sale, you should follow a few important steps to ensure you are protected from any financial loss.
- A Mechanical Inspection will ensure there are no hidden mechanical issues that may arise after purchase. A roadworthy or safety inspection does not provide an in depth report on your purchase.
- Check to make sure the vehicle is not encumbered by a bank or financier. If this is not clear, you are essentially taking on someone else’s debt and putting yourself at risk of losing the vehicle if they choose not to repay the loan. The Personal Property Security Register (PPSR) provides an instant report on the vehicle.
- Check to make sure the vehicle is not stolen. This can be checked through the Personal Property Security Register (PPSR)
- Is the vehicle a repairable write-off? If the vehicle has been flood or hail damaged you may encounter issues when reselling the car. This can be checked through The Personal Property Security Register (PPSR)
By following a few steps you can protect yourself from financial loss.
Our loan process provides a free check on your potential vehicle purchase.
Applying with iCREDIT is easy. Simply enter a few details into our online application form or contact us on 1300 350 118 to talk to us about your private sale loan requirements.
Private Sale Loans can be used for any worthwhile asset purchase including vehicles as well as other assets such as motorbikes, boats and caravans
iCREDIT offer pre-purchase approval private sale loans, helping you research your vehicle and buy with confidence knowing your funds are readily available.
Your finance consultant will manage your private sale loan process including making sure your vehicle is not stolen, under finance or a repairable write-off.
The team at iCREDIT understand lenders guidelines and criteria, so can help you find a suitable private sale loan interest rate and loan package without affecting your credit rating.
Private Sale Import Car Loans generally offer the same interest rates as dealership purchases.
The interest rates are based upon the customers Equifax credit score and overall loan application including assets, liabilities, income and expenses.
Each bank has different lending guidelines and scoring which results in offering different interest rates.
Having a poor credit file, defaults or slow repayment history on your credit file can reduce your chances of gaining a import car loan with ‘mainstream’ banks.
We understand there are always reasons behind credit issues and work with you to gain an understanding of what happened.
With the strong relationships we have built with our lenders, we work hard to achieve the best personal loan outcome for our customers.
iCREDIT have over 20 years in providing personal loans for cars, boats, caravans and motorbikes and pride ourselves on being able to provide a quick turnaround service with transparency on your new loan.
Your private sale grey import car loan can be arranged on the same day and in some cases funds settled and paid. Circumstances that may slow the application process depend on your individual financial circumstances and available documents.