Chattel Mortgage Australia

Goods that can be financed under Chattel Mortgage

• New or used motor vehicles
• Trucks
• Plant & equipment
• Forklifts

Available over terms of one to five years, you require no deposit and simply finance the whole purchase price. However you do have the choice to make a deposit by way of cash or trade to reduce the amount financed and the monthly repayments. Motorfleet assists your finance application, signing of the Chattel Mortgage and settlement all the way through to delivery of the vehicle.

You make automated monthly repayments to the end of the finance term followed by an agreed balloon value (if the finance is structured with no balloon, you own the asset after the final monthly payment). The balloon value can then be paid by cash, sale/trade or refinance.

Benefits of a Chattel Mortgage

• Option of no cash deposit keeps your cashflow for other income producing purposes
• Option for a deposit to reduce monthly payments
• Flexible terms to structure payments to suit your requirements.
• Balloon value at term end (if required) keeps monthly repayments down helping your cashflow
• GST portion of the purchase price is usually claimable in the next Business Activity Statement to assist cashflow
• Ongoing tax deductions are usually available for income producing goods
• Fixed interest rate and repayment for the full lease term assist budgeting and prevents cost increases