I know it’s not property but…
I am selling a car and have shopped round the used car yards etc. One comment that interested me was the dealer said they had an advantage over me selling the car privately as they could offer finance and I was limited to cash buyers…
Is it possible to finance a car sale ?
Anyone done it ?
What about security ?Thanks
Henry
Henry
What they are telling you is rubbish. You are able to offer vendor terms on anything. In saying that you would want to be sure the buyer was a good risk and you were happy with the credit assessment you did on him.
Altenatively there is nothing to stop you arranging to introduce your buyer to a broker who specialises in personal loans and let someone else take the risk. That way you will receive full funds up front rather than having to take them over period of years.
Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
[email protected]Richard Taylor | Australia's leading private lender
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