Description of Product

Chattel Mortgage is a new, smarter approach to vehicle financing. A solution that offers you the immediate use of a vehicle for your business. You take ownership of the good upon delivery and the financier secures the loan by registering a charge over the vehicle.
We can now provide you with a Chattel Mortgage - a finance product created with your business in mind.

Features

• Terms range from 12 to 60 months.

• The Interest Rate is fixed for the term of the Chattel Mortgage agreement, as are your payments.

• You can make your payments via the convenient method of Direct Debit.

• Other costs associated with the purchase can be financed on the contract (such as, Comprehensive Insurance, registration and on-road costs).

• Subject to credit approval, Finance can be arranged for 100 % of the purchase price.

• You can have a larger final payment (balloon), subject to approval guidelines.

Benefits

• Payments can be structured to suit your individual needs, with your budget and cash-flow taken into consideration.

• With a fixed interest rate you are protected against market fluctuations.

• By financing other costs and insurance you can preserve your cash for other purposes. Interest and depreciation are generally tax deductible.

• A balloon payment will lower your regular monthly payments. This not only improves your cash flow, but makes your vehicle more affordable.

• Ownership of the vehicle is yours from the beginning of the agreement.

• A chattel mortgage may provide tax benefits if the vehicle is used to produce assessable income.

GST and Tax Implications

Please seek professional advice from your accountant of financial advisor regarding GST and Stamp Duty matters.