← Commercial Finance Answers

Auctions, private sales & used assets

Can a sold-as-seen asset be financed?

Possibly, but the purchase terms and limited recourse make condition checks and repair budgeting particularly important.

The practical answer

Possibly, but the purchase terms and limited recourse make condition checks and repair budgeting particularly important.

Obtain as much inspection evidence, service history and asset identification as possible before bidding. Tell the lender about known defects and whether the equipment can be demonstrated working.

Finance approval is not a warranty. The business may still owe repayments if the asset fails, so factor repairs, transport and time out of service into the purchase decision.

Important

Commercial finance is subject to status, lender approval and the specific asset and transaction. The right structure depends on the complete circumstances of the business.

What should I do next?

Have the asset details, supplier information and an outline of what the business needs ready. DCF can then discuss the requirement and identify which lenders may be suitable.

Read: Auction asset finance →