Also called: Dealer purchase
Dealer sale
A dealer sale is the purchase of an asset from a licensed dealer or authorised supplier, who issues a tax invoice and handles transfer of ownership. Lenders settle directly with the dealer once documents are complete.
What is a dealer sale?
A dealer sale is the purchase of an asset from a licensed dealer or authorised supplier, who issues a tax invoice and handles transfer of ownership. Lenders settle directly with the dealer once documents are complete.
Example
A dealer invoice for a $95,000 truck including GST allows the financier to pay the dealer and register its interest the same day.
Why it matters
Dealer purchases usually settle fastest and come with statutory warranty protections a private sale does not.