Finance for a private sale or auction

Looking to finance a used car? If you’re new to the car-purchasing exercise, you may be uncertain of who or where you can buy with finance from. You don’t want to miss out on “the one” because you couldn’t arrange finance in time. The good news is it’s easier than you might think. Yes Loans can make the entire experience as smooth as possible, we even have a free car find service.

Can you buy a car privately or at auction with finance?

Yes, you may. With a pre-approved loan, you have 30 days to find and buy your car, ensuring you can get the deal done as quickly as possible on the basis the loan is approved. At Yes Loans we offer secured and unsecured loans for your vehicle purchase, which can give you much greater flexibility in choosing just the right vehicle and finance deal for you.

Whether you’re buying a vehicle privately or at auction there are certain considerations that come into play:
• Buying privately
A private sale means there’s no warranty on the vehicle, so if you find issues with the vehicle after your purchase you’re taking a vehicle without a safety net. Yes Loans is an excellent source of assistance and information as they equip you with all the right questions to ask and will source much information about the car, such as whether it’s been stolen before, or has been written off; essential information for a private sale. There is also no cooling off period with a private sale, so be certain that you are 100% happy with the vehicle you choose before signing away.
• Buying at auction
Financing an auction vehicle requires some pre-planning and pre-approval for finance, and that’s where a reputable car loan consultant comes in handy. Purchasing a vehicle at auction means that the moment the hammer falls, you are obligated to take the vehicle “as is.” There are some restriction to auction sales, no vehicle warranties are offered, there is no cooling off period, and the fact that once the auction is over, the car is yours, as is. For this reason, you need to know that you’re getting value for money.

Some auction houses allow pre-inspection of vehicles so the value of the car can be estimated beforehand. This gives you time to look around at the prices of other similar cars to see what they’re going for, and also apply for finance pre-approval for the estimated final selling price.
Ensure that you read the auction conditions beforehand, as they include information such as the buyer’s premium fees, and any additional costs to the final price. You may be subject to a buyer’s premium, which is a fee charged by some auction houses.

Can you obtain finance from a car yard?
Yes, you may. Remember, you’re not required to take the finance deal on offer at the dealership, you are free to arrange your finance wherever you like - dealership finance is not always the best deal for you. At a dealership there are certain criteria you need to consider such as your credit score, exemptions of the car make and model, payment options and terms, vehicle warranties and interest rates.
If you decide to finance a car-yard vehicle through a broker like Yes Loans, you will be looking at negotiable interest rates , loan terms and payment options. Payment terms with a broker can be longer and more flexible, which allows you to work within your budget, and you have more flexibility regarding future vehicle purchases.

Tips for purchasing a car
Yes Loans offers a car buyers guide, which is a step-by-step solution to help you make the right decision with your new purchase and answers all your questions, as well as a free car find service to help you in your search.

You will also need to work within a budget as this will determine whether you are eligible for finance or not. Look at your disposable income and factor in extras such as maintenance, licensing, insurance and petrol. Yes Loans offer a Smart Calculator, designed to help you with your budgeting and a wide range of financial products to suit your budget needs. Please note though, calculators are an indication only and does not constitute a quote.

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Our clients say
our clients say
  • "Thank you for all your help with processing the loan and keeping me up-to-date on the progress. We have utilised ‘Yes Loans’ twice and are completely amazed with the process and ease that you present to your customers. **It has been a delight dealing with yourself and ‘Yes Loans’ and will not hesitate to recommend your business to all that I come across. **It can be quite daunting at times applying for a loan and I can tell you that your customer service skills far outweigh any company I deal with on a day to day basis."

    Adam F - April, 2015
  • "I would like to thank you again for a relatively painless process in getting the funds sorted for us, working away makes such things difficult and usually means taking time off work to organize. I will recommend Yes Loans to all that want to listen, thanks again"

    Tony K
  • "Thank you very much for your help much appreciated"

    David S
  • "Thanks Chris for all your help. I haven't purchased a car for a while, let alone taken out a loan. Your clear, concise information made the whole process so much easier. What's more you cared! Each step of the way you checked in with me to make sure I understood where the process was at and that I was happy with how things were moving. I have worked in the retail and service industry for decades, so I understand what should happen during any transaction. Chris and Yes Loans tick all the boxes. "

    Dean H - June 2015
  • "on behalf of my wife Hazel and myself , I would like to thank you for all your help and good advice you gave us regarding the purchase of our new car , using your company “Yes Loans” for finance. Most people will be able to tell you of a bad experience relating to car finance but ours was totally the opposite. From start to finish we were made to feel very comfortable about the whole process, and able to understand all the facts and figures. It was a surprisingly pleasant experience and did not drag on for hours. Completing all the paper work on the initial visit made things even easier, and not having to return on multiple occasions was a bonus. I would have no hesitation in recommending you and your company to any of my family or friends should they require finance for their own purchase."

    Derek E - June, 2015
  • "Tony and all the staff at Yes Loans provided exceptional service, which led to me choosing their product over the competition. My circumstances were complicated with 2 sales falling over before the final one was made. Thanks to the keen attention to detail by Yes Loans staff, I was alerted to fraudulent activity by a seller, in time to call the deal off. Finally, Tony managed to achieve settlement in a short period of time and provide a very competitive interest rate for my dream vehicle. The communication I received from Tony and Colleagues was prompt and professional and I will not hesitate to refer them on to my family and friends."

    Gabriel - June 2015
  • 'Hi Darral I couldn't thank you enough for the whole process of sale. You went over and **beyond the call of duty** especially when we've both been playing phone tag with each other. Customer service is everything and from a previous sales and marketing manager background I could not fault you any where. I've always stuck to the rule of 10....1 person tells 10 people on there experience and those 10 people tell another 10 people and so on and so on. I'll highly recommend you to friends and family that are looking for vehicles in the future. Once again thank you. "

    Gavin J - July, 2015
  • "I picked the car up yesterday afternoon and I just wanted to say thank you so much for all the time and effort you put into helping us get it. The car is just awesome and that you put it through as a business vehicle so I can claim it come tax time makes you an absolute legend. Again, thank you very much."

    Lissa
  • "We have used Yes Loans now several times for our Car finance, this being our 4th transaction that they have helped us with and every time it has been such a pleasurable experience, **very easy and smooth transaction with no hassles and quick service. ** We definitely will be back again. Thanks to Daniel for such professional and fast service."

    Maria & Rob - June 2015
  • "Thank you so much, the car was exactly my dream car thank you."

    Melissa
  • "Thanks very much for your help in finding me a loan. I will indeed enjoy my car! I will be sure to recommend you to anyone who asks."

    Simon I
  • "Hello Steve, I’d Like to point out an exceptional employee you have working for you Nathan Hanna. From our first contact Nathan has conducted himself in a professional & highly proficient manner, I felt extremely confident with the service he provided and finding a solution to an issue with my vehicle being a grey import. Which many finance company’s don’t touch, Nathan found a financier which I’m very grateful. The whole experience has been a pleasure your company certainly raises the bar in customer service which you can’t get from other companies. Nathan is a real credit to your team. I will most definitely be recommending Nathan & your company to others."

    Mike B - Sept 2015
  • "Your service and support has been nothing but outstanding. We are so happy with our van, and we will spread the word around if we know anyone is after finance."

    Stuart
  • "A big thank you to Tony Williams at Yes Loans for the **great service in the last week making my dream of having a new car a reality.** Within one week of deciding to buy a new car Tony had the finance organised and I had my new car a week later. Very professional and efficient service from Yes loans. Thanks you very much. "

    Susanne De - July, 2015
  • "Thanks for all your help. You handled everything very efficiently and professionally. Made my life and part in all this very easy. Thanks again and all the best to you."

    Tony
  • "The service provided by Yes Loans was better than any other loan institution or bank I have worked with. What they promised they delivered and it was done professionally and with a sense of urgency and customer service that few banks could match. I have been a long term customer of a bank and had numerous loans with them for houses, cars and home improvements for a period of fifteen years. Despite an excellent credit history, my last effort to get a small loan to re-finance a car took over two weeks to process. Then having approved the loan, the bank made my life difficult by asking for endless changes to paper work, pay slips and bank details because of the time they took to process the loan. In frustration, I rang Yes loans. Within 24 hours the process was all but complete. There was a minor issue with setting up a new account to handle the funds, but this was no problem. Daniel at Yes Loans patiently helped me out and made the process easy, so that the funds were able to arrive as soon as the new bank account was set up. I am grateful for the professional way in which my business was handled and have no hesitation in recommending Yes Loans to anyone in need of a loan." Thanks Grant for your feedback!

    Grant - Feb 2015
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