Chattel Mortgages

Commercial car loans made easy!

Benefits of a Chattel Mortgage

A chattel mortgage is a common form of asset finance used by businesses to purchase vehicles and equipment. Rather than outlaying the full value of the car upfront, your business makes structured payments over the term of the loan.

With a chattel mortgage, ownership of the asset is transferred to the borrower from the outset, providing flexibility and control. You take ownership of the vehicle at the time of purchase – but the lender also takes out a ‘mortgage’ over the vehicle as security for the loan.

Businesses can enjoy potential tax advantages, including deductions for depreciation and interest expenses, subject to ATO guidelines.

At the end of the loan term, and any residual value is paid, your business has clear title to the car. Alternatively, you may trade in the vehicle or refinance the residual value.

With our knowledge and expertise, our MoneyQuest brokers are here to help you secure a chattel mortgage that will reach your financial objectives and support your business growth.

Reach out to one of our brokers to schedule a consultation and discuss your loan options today!

At MoneyQuest, we have access to many specialist chattel mortgage lenders. We can negotiate on your behalf and help you answer these important questions:

  • Does the car need to be used exclusively for business?
  • What contract terms will be best suited to you?
  • Should you apply a residual value (balloon) to the contract?
  • Does your business qualify for a ‘no deposit loan?
  • What GST charges apply?
  • How much can your business afford to borrow?
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