Private Sale Trailer Finance: What You Need to Know 🧾🛻

Found the perfect trailer on Facebook Marketplace, Gumtree, or from a mate in the industry? You don’t need to fork out cash upfront — private sale trailer finance is available, even for ABN holders and sole traders.

Here’s how it works (and what you need to watch out for).

✅ Can You Finance a Trailer From a Private Seller?

Yes — many lenders offer trailer finance for private sales, provided:

  • ✔️ The trailer is being used for business
  • ✔️ The seller provides a valid invoice
  • ✔️ The trailer is roadworthy and valued appropriately

It doesn’t matter if the trailer is used — as long as it meets basic finance criteria, you can likely get it funded.

📋 What Lenders Will Ask For

Private sale trailer finance requires a few extra steps compared to buying from a dealer. Expect to provide:

  • ✅ Active ABN and ID
  • ✅ Invoice or bill of sale from the seller
  • ✅ Trailer details (make, model, VIN, age)
  • ✅ Photos or inspection report (if required)
  • ✅ Bank statements (if applying low doc)

Some lenders will also want proof the trailer is registered or can be registered for road use.

🔍 Common Issues With Private Sale Trailer Deals

  • ❌ Missing documents: If the seller can’t provide a proper invoice or trailer specs, most lenders won’t proceed.
    ❌ Overvalued asset: Finance is based on fair market value — not what the seller “reckons it’s worth.”
    ❌ Unroadworthy or too old: Trailers over 12–15 years old are harder to finance, especially without proof of condition.
    ❌ Cash jobs & no paperwork: That backyard deal with no paper trail? Lenders will say no.

💡 Tips to Get Approved Faster

  • Ask the seller for a written invoice showing price, trailer details, and their ABN (if applicable)
  • Include clear photos of the trailer from all sides
  • Ensure the trailer is road-legal or capable of registration
  • Be upfront with your broker — they’ll know how to frame the application

🧠 Why Use a Broker for Private Sale Trailer Finance?

Private sales often need more hand-holding, and brokers:

  • Know which lenders accept private sales
  • Help you prepare the right documents
  • Can still secure low-doc approvals for ABN holders
  • Handle the extra steps like PPSR checks or payout coordination

🚀 Found a Trailer But Don’t Want to Pay Upfront?

We’ll connect you with a broker who can finance your private trailer purchase — without the runaround.

👉 Start My Trailer Finance Application

 

DISCLAIMER

The information provided on this website is general in nature only and has been prepared without considering your financial needs, circumstances and objectives and should NOT be construed as financial, taxation or legal advice. For more information, get in touch with our experienced partner brokers today.

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All Your Questions Answered

What is a car loan and how does it work?

A car loan is a finance product where a lender provides funds for you to purchase a vehicle, which you repay over time with interest.

What’s the difference between secured and unsecured car loans?

Secured loans use the car as collateral, often leading to lower interest rates. Unsecured loans don’t, but usually have higher rates.

What loan terms are available for car finance?

Most car loans offer terms from 3 to 7 years. Find out what term suits you best.

How is interest calculated on a car loan?

Interest is based on the loan amount, term, and rate. Fixed-rate loans have predictable repayments, while variable rates can change.

Can I get a car loan for a private sale?

Yes, many lenders accept private sellers. You’ll need to provide extra documents.

Do government employees get lower interest rates on car loans?

Yes — many lenders offer better rates due to your stable income. Explore finance options for government employees.

Can I apply for a car loan while on probation?

Yes. Many workers are approved during probation.

What credit score do I need as a government employee?

A score of 650+ is ideal, but lower scores may still be considered.

Are corporate professionals eligible for low-rate finance?

Yes, especially if you're full-time with strong income.

Can I get car finance with a novated lease?

Yes, many government departments support novated leasing.

Can I get a car loan with no credit history?

Yes, it's still possible to get a car loan with no credit history.

What if I’ve been declined elsewhere?

A broker can help restructure your application for better results.

How do I check my credit score?

Use Equifax, Experian, or Illion for a free check.

Can I get finance if I have a current personal loan?

Yes, if your income supports both loans. A broker will assess your capacity.

What documents do I need to apply?

Typically: ID, payslips, and bank statements.

Can casual workers get car loans?

Yes, if you’ve worked consistently for 6+ months.

Can I apply if I’m self-employed with an ABN?

Yes. Consider a low-doc loan.

Can Centrelink be used as income?

Yes, when paired with PAYG income.

What’s the minimum income to qualify for car finance?

Most lenders prefer $30,000+ annually, but this varies.

Can I apply on a fixed-term contract?

Yes, especially if it’s government-backed.

Can I finance a used car?

Yes, most lenders allow used cars under 10 years old.

Can I get a loan for an SUV or family car?

Absolutely

Can I finance a caravan or motorbike?

Yes

Can I finance an EV or hybrid car?

Yes. You may even qualify for green car loan discounts.

Can I use my car for both work and personal use?

Yes you can.

What is a balloon payment?

It’s a lump sum due at the end of the loan term.

Can I make extra repayments?

Yes, many lenders allow this without penalty.

Can I pay off the loan early?

Yes — ask if there’s an early payout fee.

Is there a deposit required?

Not always.

What loan terms are available?

1 to 7 years is standard.

How long does approval take?

24–48 hours in most cases

Can I apply online?

Yes — most lenders and brokers accept online applications.

Is a broker better than going direct?

Often, yes. They can compare lenders for you.

Can I get pre-approved?

Yes — and it gives you better negotiating power at the dealership.

What happens after I apply?

Your documents are reviewed, and if approved, the lender issues funds to the seller.

Can I get a loan with a visa?

Yes, in some cases. see finance for visa holders here.

Do I need a driver’s licence to apply?

Yes, but learners may qualify with a co-applicant.

Can I apply with someone else?

Yes, joint applications are allowed.

Can I refinance my current car loan?

Yes — it can lower your repayments or get you a better rate.

Can I trade in my old car as a deposit?

Yes, many lenders accept trade-ins toward the deposit.

Can nurses get car finance?

Yes — see nurse-specific finance tips.

Can teachers apply while on contract?

Yes. Read how to get approved.

Do defence personnel get special car loan rates?

Yes, in some cases. Your job security is a major advantage.

Can FIFO government workers apply?

Yes — consistency in income matters more than job location.

Can I apply if I’m on maternity leave?

Yes, especially if you’re returning to work. Here’s how.

Can I use car finance to buy interstate?

Yes — just make sure the seller provides all required documents.

Can I finance a car from an auction?

Yes, but only through select lenders. Ask your broker first.

Will applying hurt my credit score?

Only if you apply to multiple lenders directly. Brokers help protect your score.

Can I get a car loan if I’ve been bankrupt before?

Yes — see bad credit car loan options.

What if I want to upgrade my car before the loan ends?

You can sell the car, pay off the loan early, or refinance.