Chattel Mortgage

How it works

An effective way to finance a vehicle for business use. You own the vehicle, which is then used as security, enabling us to offer you competitive terms. Before you start, you will need to:
  • be looking to borrow $10,000 or more
  • have your business registered in Australia
  • Have a good credit history

Tax deductible

  • There may be tax benefits if the financed vehicle is used to produce assessable income. Speak to your accountant to discuss your particular circumstances.
  • Claim the GST Portion of the purchase price in your quartery BAS statement.

Manage your cash flow

  • 100% finance is available to approved customers, so you don’t have to tie up your day-to-day cash flow
  • You own the vehicle your business needs without paying for it up-front so you can put your day-to-day cash flow to better use
  • The vehicle being purchased is normally sufficient security for the finance so your other business assets are not required as security.

Flexible repayment options

  • Match your finance to the length of time the asset is required – loan terms available from 1 to 7 years
  • Monthly, quarterly, semi-annually, annually, seasonally or irregular
  • You can also arrange to make a balloon payment at the end of the loan to reduce repayments throughout the term
  • You have the flexibility to repay the contract in full before the term ends. Early termination fees apply
  • Payments can be made from your nominated bank account, by direct debit or via BPAY
  • Interest rates are fixed once your contract starts so you always know what your repayments will be.
 

Some of the assets that we finance include:

Agriculture Audio Visual equipment Bus & Coach Boats (Marine)
Butchery Equipment Coffee Machines Cars Cranes Concrete pumping eqip
Earth moving equip Forklifts Food processing equip Fitout (Hospitality & franchise)
Poker machines (Gaming) IT hardware Motor vehicles Mining equipment Medical equipment
Office equipment Photocopiers Point of sale systems Trucks & Trailers Telephone systems (VOIP & PABX) Vending machines