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Chattel Mortgage
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  1. Business Loans With Options
  2. Claim Your GST Upfront*
  3. No Doc Loans Available*

Business Chattel Mortgage

Chattel Mortgages & What You Need To Know!buyer1

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

Benefits of a Chattel Mortgage

Flexible contract terms ranging from 1 to 5 years
A balloon value can be applied to the contract enabling the monthly repayments to be tailored to your budget
Fixed interest rates for the loan term
Monthly repayments are also fixed
Costs are known in advance
Deposit (either cash or trade-in) may be used
A tax deduction is available when the vehicle is used for business purposes
A customer who is registered for GST can claim the GST contained in the vehicle price upfront as an input credit on their next Business Activity Statement (BAS)
No GST is charged on the monthly repayment or the contract balloon amount
The finance is secured against the vehicle, providing lower interest rates

Who does a Chattel Mortgage suit?
A Chattel Mortgage is suitable for those companies, partnerships and sole traders who use the cash method of accounting (they record business income and expenses as and when they occur) as it allows them to claim the GST in the vehicle's price up-front.

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"Why choose Auto Link Finance for your Commercial Loans"

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.

Free credit assessment, No application refused even if you want commercial financing with bad credit, Fixed rates, fixed repayments & Servicing customers Australia wide

Need More Information!

If you require more information on chattel mortgages, please call 1300 982 279 and speak with an experienced finance consultant.