$28,500 private-sale finance for a high-kilometre dual cab
- Amount
- $28,500
- Asset / purpose
- Dual-cab ute, 11 years old, 160,000 km (private sale)
- Industry
- Private buyer
- State
- NSW
- Timeframe
- Approved same day, settled in 3 days
The situation.
A buyer found exactly the ute he wanted in a private sale — the right price precisely because of its age and kilometres. His bank declined: the vehicle would be too old at the end of a standard secured term.
Why it was stuck.
Most secured car loan policies cap the vehicle's age at the end of the loan. An 11-year-old car on a 5-year term fails that test at many lenders — nothing to do with the borrower's profile.
The structure we arranged.
Two options were priced side by side: a secured loan with a lender that has no end-of-term age cap, and an unsecured personal loan where the car's age is irrelevant. The secured option won on rate; the seller's payout and transfer paperwork were handled at settlement.
The outcome.
Approved the same afternoon, and the seller was paid out three days later — the buyer never had to walk away from the right car over a policy technicality.
Illustrative example — representative of the deals we arrange, not a specific client file. Structures, timeframes and outcomes vary with your profile and the lender.
Reviewed by Corey Marino — Founder & Finance Broker, FBAA & AFCA member
Last reviewed 13 July 2026 · About Corey →