We hope that you have enjoyed the videos of the Brisbane PPS (Act) seminars. If you haven’t they are AVAILABLE HERE.
During the seminars we presented some practical and very popular examples of life with PPSR. These are now available for yor viewing pleasure HERE. We hope they help you and your people translate the legal jargon to “real world” dealership.
In this first of five videos we present the best practice when selling a motor vehicle once the PPS (Act) has commenced. This video will kick start your thinking on how you will need to restructure your sales processes.
Key Takeaways:
- Ensure you are aware of what your lender (including floor plan financier) will be doing in terms of registering/lifting security interests.
- Best practice is to search the register on day of delivery to ensure no security has been registered.
- If you are not collecting cash on delivery (COD), consider protecting your interest by registering a security on the vehicle.
You can view the video in our youtube channel HERE.
