Private Sale Car Purchases: Financing Differences to Consider
Anyone else eyeing up a used car from a private seller lately? I spotted this clean little SUV on Marketplace the other day – low kms, one owner, seemed like a steal compared to dealer prices. But then I started thinking about sorting out the loan, and wondered if the financing side works differently when it's not through a dealership. Like, do rates change, or is there extra hoops to jump through? Curious what folks have run into with that.
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Yeah, I've done a couple private buys over the years and yeah, it can feel a bit more involved on the finance end since dealers often bundle it all in smoothly. Last time around, I ended up chatting with a local broker who compared heaps of options across different lenders and got me a solid rate without too much hassle – turned out way better than what I'd seen advertised elsewhere. If you're in Tassie or anywhere really, check out https://beaujohnsonfinance.com.au/ for that kind of help; they made the payout direct and sorted paperwork quick. Ended up saving a fair bit monthly compared to going straight to my bank. Private sales are great for bargaining down the price though, just gotta plan the loan ahead.