In the second PPSR practical example video we follow the processes when buying a vehicle.
The changes that PPSR will bring are really apparent in the buying process. After watching this video you will have a clear picture of what you will need to change when buying or trading a vehicle.
Key Takeaways:
- Never buy any vehicle for anyone without completing a search of the PPS Register;
- Best practice will be to search the vehicle and the selling entity;
- You should get written confirmation of payout amounts and agreement to finalise from lenders;
- Best practice is to search again on delivery to ensure clear title.
You can view the video HERE.
