A Chattel Mortgage is a commercial finance product where the customer takes ownership of the vehicle (chattel) at the time of purchase.
How does a Chattel Mortgage Work?
Under a Chattel Mortgage, the financier advances funds to the customer to purchase a vehicle, and the customer takes ownership of the vehicle (chattel) at the time of purchase. The financier then takes a "mortgage" over the vehicle as security for the loan, by registering their interest over it with the PPSR (personal properties security register). Once the contract is completed, the security interest is removed giving the customer clear title to the vehicle
Auto Link Finance Pty Ltd is a company that “will work for you” from start to finish in order to provide you with the best possible solution. We guarantee the best rates and lowest repayments on the market available to you based on your profile and credit history, and you can feel comfortable knowing that you are dealing with an expert in the field of finance with over 27 years’ experience in the finance industry. Regardless of whether you have had good or bad credit, we can help you with commercial financing.