The short answer is yes. While many traditional banks and dealership-based lenders prefer the simplicity of a showroom sale, LoanBrix specialises in private sale motorcycle loans across Melbourne and Victoria.
Buying a bike from an individual on Facebook Marketplace, Gumtree, or Bikesales often allows you to find a better deal, but it also carries more risk. Our role as your broker is to secure finance while providing a layer of protection for your investment.
How Private Sale Finance Works
Financing a private sale is slightly more complex than a dealership purchase, but we handle the heavy lifting:
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Fast Pre-Approval: Before you head out to a suburb like St Kilda or Ringwood to inspect a bike, we get you pre-approved. This gives you the “cash-in-hand” confidence to negotiate with the seller.
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The PPSR Check (Crucial): For every private sale, we conduct a Personal Property Securities Register (PPSR) check. This ensures the bike isn’t stolen, hasn’t been written off, and doesn’t have any hidden debt (outstanding finance) from the previous owner.
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Seller Verification: To protect you from fraud, we verify the seller’s identity and ownership documents.
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Direct Payment: Once the loan is settled, the lender pays the private seller directly, ensuring a secure and professional transfer of funds.
Why Choose a Broker for Your Private Sale?
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Access to Specialist Lenders: Most “big four” banks in Australia have moved away from private sale vehicle loans or have very strict eligibility requirements. We have access to a panel of 54+ lenders, including specialists who specifically offer financing for used and private bikes.
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Get Finance for Classic Bikes: Looking at a classic 1990s cruiser or a vintage café racer? While banks often stop at 5 or 7 years, we can source finance for well-maintained motorcycles up to 15–20 years old.
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Melbourne Expertise: We understand the Victorian market, including VicRoads transfer requirements and Roadworthy Certificate (RWC) regulations.
Private Sale Checklist for Melbourne Buyers
Before you hand over any cash, ensure you’ve checked these three “Melbourne-specific” essentials:
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RWC: Is the seller providing a current Roadworthy Certificate? In Victoria, you need this to transfer registration.
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Cold Start: Always ask the seller to leave the engine cold before you arrive. A bike that starts easily while cold is a much safer bet.
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LAMS Approved: If you are on your Ls or Ps, double-check the Transport Victoria LAMS list to ensure your finance (and insurance) will be valid for that specific model.
