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    Can you get finance when buying an unregistered non-roadworthy car?

    Asked by Velimir

    When buying an unregistered non-roadworthy can you get finance?

    Answered by CarsGuide
    14 March 2023
    David Morley

    It will depend on the borrower to an extent, but many finance companies will not even look at an unregistered or unroadworthy vehicle. You need to remember that finance companies are always trying to reduce the risk of any loan they make going unpaid. With that in mind, they're pretty averse to privately imported cars, any car that has shown up on the repairable write-off register, cars more than about 12 years old, and any car with finance still owing on it. These rules can vary from borrower to borrower, but if there's a sniff of risk, you might be in trouble.

    Don't forget, an unregistered car changing hands also requires notifying your state's registration authorities before ownership can be transferred and it can be re-registered.

    Disclaimer: You acknowledge and agree that all answers are provided as a general guide only and should not be relied upon as bespoke advice. Carsguide is not liable for the accuracy of any information provided in the answers.
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