Private Sale Equipment Finance
Mainland Finance undertakes all the processes associated with protecting your security and making sure that your lender is also protected.
When you purchase goods from an LMCT or registered dealer you areGUARANTEED title to the goods. With all equipment finance loans the goods are the primary security.
Title is not guaranteed with Private Sales or non licensed vendors.
The Personal Properties Security Register (PPSR) provides a record ofALL motor vehicles and equipment currently under finance (encumbered).
The vendor (private seller) will be asked to prove beyond any doubt that they have the capacity to meet these requirements by supplying additional documentation confirming clear title.
It’s not cheap if you loose ownership!