If purchasing assets from a private seller, the lender conducts additional PPSR checks to ensure the motor vehicle isn’t stolen or encumbered or an unrepairable write-off. The lender also requests paperwork from the Vendor such as Registration Papers, copy of the Vendor’s Driver Licence, payout letters from other finance companies (where applicable), Invoice/Tax Invoice signed by the Vendor with disbursements to relevant parties, and a bank statement to verify the account details into which the Vendor’s money will be paid. This should offer you piece of mind the Vendor is legitimate, and everything is above board. An inspection with photos will be conducted by a member of our team or a Redbook representative.
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