When you purchase goods from a recognized LMCT or registered dealer you are guaranteed clear title of the goods. With all equipment finance loans, the goods are the primary security.
Clear title is NOT guaranteed with private sales of non licenced vendors.
The Personal Properties Securities Register (PPSR) provides a record of all motor vehicles and equipment currently under finance or encumbered.
It is extremely important when purchasing privately that the Vendor is able to prove that the goods are owned by them and are clear to be sold.
There are various documents that can be provided by the Vendor to enable us to check that the goods will have clear title.
We are private sale specialists and will do everything possible to ensure that your right as a purchaser are protected.