Transferring a car loan isn’t like handing over the keys; lenders rarely let you “assign” it to someone else. In Australia, the usual path is refinancing: the new owner applies for their own loan, your lender issues a payout figure, and the old loan is settled before the car changes hands. For a private sale, settle with the lender (in person or electronically) so the security is cleared on the PPSR before anyone argues about plates. Expect costs like early termination/break fees, transfer/rego charges, and the buyer’s stamp duty. If you’re keeping the car but want a better rate, you refinance with a new lender rather than “transfer” the old loan—same hoops, fresh credit check. Leases (like novated) are their own circus—sometimes portable, sometimes not—so get the terms in writing before making promises.
LightingListing your ad only takes a few minutes, and most categories are free.
Post an adA weekly hand-picked round-up of the best bargains, free stuff, and trending listings. No spam, unsubscribe anytime.
Know someone looking to buy or sell something? Send them to Tradingpost, Australia's original marketplace.
