Selling Equipment Privately? We Can Help Finance Your Buyer

When you’re replacing a truck, upgrading machinery or selling equipment you no longer need, finding a buyer is only part of the process. The buyer may need finance, and you both need clarity about payment and handover.

MKP can help prospective buyers access finance and coordinate the payment process for private equipment sales. That means support with selling your existing equipment as well as funding its replacement.

Give your buyer a way to fund the purchase

A buyer may have found the right machine for their business but still need to arrange funding before they can commit.

Introducing them to MKP gives them an opportunity to explore finance for the purchase. We can discuss their requirements, assess available options and explain what’s needed to progress an application.

For you as the seller, this can help move the conversation beyond an initial enquiry towards a clearer understanding of whether and when the purchase can proceed.

Finance remains subject to the buyer’s circumstances, the equipment and lender approval.

Bring clarity to the payment process

Private sales require coordination between people who may not have dealt with each other before. Questions about documents, payment timing and equipment collection can hold up the transaction if they’re left until the last minute.

MKP facilitates more than 1,000 private-sale payments each year for non-dealer transactions.

By involving us early, you and the buyer have a point of contact to help coordinate the finance and payment requirements. We keep both parties informed about what’s needed and how the transaction is progressing, so there’s greater clarity around the steps leading to settlement.

What if the equipment still has finance owing?

If you’re selling equipment that’s still under finance, let your broker know at the outset.

The existing agreement and payout requirements need to be considered as part of the sale. Raising this early gives your broker time to explain what information is needed and help coordinate the relevant arrangements.

It also helps you understand how the sale proceeds and any outstanding finance fit into your replacement purchase.

Plan the sale alongside your next purchase

The timing of an equipment sale can affect your next move. You may need the existing machine working until its replacement arrives, or you may be relying on the sale proceeds to contribute towards the purchase.

Discussing both transactions with your MKP broker helps bring those dependencies into the planning.

We can help you consider the buyer’s finance progress, the payment arrangements for your sale and the funding requirements for your replacement equipment.

What to share with your broker

You don’t need to wait until a sale is agreed.

Start with:

• The equipment you’re selling, including its make, model and year.
• Your expected sale price and preferred timing.
• Details of any finance still owing.
• Whether you have a prospective buyer who needs finance.
• Any replacement equipment you’re planning to purchase.

If you already have a buyer, ask whether they’d like an introduction to your broker to discuss their finance options.

Selling equipment in the coming months?

Talk to your MKP broker about the equipment you’re selling and what comes next. We can discuss how buyer finance and a coordinated payment process may help you complete the sale.

Contact the MKP team to get started.