The Personal Property Securities Register (PPSR) is an Australian Government national online register of security interests in goods and other personal property which is regularly used by buyers, seller and financiers.
Buyers can check the PPSR to see if the valuable second-hand goods they want to buy are debt-free and safe from repossession. This includes goods such as machinery, equipment, vehicles and stock.
Are you buying a second-hand vehicle?
Before you buy – check the PPSR to see if the valuable good is debt-free and safe from repossession. It is just a quick search on www.ppsr.com.au
It is important to check a used car or commercial vehicle for existing financial interests prior to purchasing it.
If you do not, and the previous owner still had money owing against the vehicle, the financier could potentially repossess it, if the previous owner does not settle their debt.
A PPSR search can provide you with:
- Financial Interests Check (PPSR)
- Written off check
- Stolen vehicle check
- Flood and storm damage check
All lenders do a PPSR search before they finance any vehicles or equipment, however if you are buying for cash – you need to do this search yourself for peace of mind and financial security.
Want to know more or need a loan call Jan 0468 371 449 or email firstname.lastname@example.org