A secured fixed rate loan from AFS is the perfect option if you need finance for a private car sale.
Yes. Unlike many banks and lenders, AFS does not have a restriction on financing cars from private sellers although we may require some additional information that only helps to protect your interests.
The great thing about buying a car from a private seller is that you don't have to pay any GST and a private seller doesn't have any of the expensive overheads that a car dealer does, so you can save thousands of dollars.
An independent valuation of many vehicles can be provided by online valuation specialists such as Glass's Guide and Redbook.
AFS subscribes to Glass's Guide which is used by most banks and car dealers across Australia and we provide access to you on our website - free of charge!
Try our valuation tool now:
AFS enables you to borrow between $5,000 and $130,000 depending on our assessment of your capacity to repay and current circumstances. Loan terms range between 12 months and 60 months (or longer if you have good credit) and we can even finance your comprehensive insurance so that you know your dream car is covered at all times.
No. The same fees and charges apply to a classic car loan with AFS as all standard loans.
To learn more about our fees & charges go to:
Yes. The AFS Private Sale Car Loan product is used extensively by finance brokers as many of mainstream asset finance lenders will not lend to customers buying a car privately or may require significantly more information and even require an independent vehicle inspection.
Also if you were to arrange a loan through your bank, then the only relevant product that would not be unsuitable may be an unsecured personal loan which is often more expensive than their standard car loan product.
Please note that if you use a finance broker you may be charged an origination fee which is separate to the AFS Fees & Charges but can also be financed as part of your loan. If you use a broker, you should ask for a copy of their credit guide and obtain a credit quote from them.
Yes. We try to make the process quick & fast.
AFS has developed a tailored process for customer's who choose to finance a car purchased from a private seller which is designed to streamline and fast track the approval process but also protect you from buying a car from a dodgy seller.
AFS offers a secured car loan on private car sales where we require some information from the seller and details about the car you are buying in order to approve the loan.
In general, we will request that you provide us a copy of the current registration certificate for the vehicle, the current owner's drivers licence, their banking details, and a simple private sale invoice which helps protect both parties.
If the car is currently under finance, then you will also need to provide a copy of the financier pay-out letter. In this case, AFS will arrange to finalise the existing loan so that you don't have to chase the current owner later-on if they neglect to finalise the loan.
AFS may also require a vehicle inspection report by an accredited finance broker or vehicle inspection firm, which provides further protection for both you and AFS.
Yes. Requesting a car history report from an independent source such as Veda can make buying a used car safer.
With CarHistory.com.au, you can receive PPSR and odometer information, written off/stolen checks and price comparisons.
The CarHistory report includes:
Many car dealers also use CarHistory reports, so look out for the green tick!
Visit carhistory.com.au for more information
Deal with Confidence