Are you a business owner? A Chattel Mortgage might be the right fit for you.
A Chattel Mortgage is a commercial finance product that can be used by businesses to purchase and take full ownership of a vehicle.
The chattel mortgage payments are the responsibility of the business that owns the vehicle. This can be a sole trader, small business or large company.
A chattel mortgage is for people who are going to use the car, truck, van or ute they buy for business purposes more than 50% of the time. Unlike a lease, with a chattel mortgage you take ownership of the vehicle from the moment you start using it.
You can claim the total GST on the vehicle in your first BAS statement after buying it, instead of claiming GST over the term of the loan.
Depreciation of the vehicle and the interest portion of the loan can be claimed and be used as a deduction in your businesses tax.
A Chattel Mortgage has flexible terms such as the length of the loan and balloon payment options.
You can apply for 100% finance, use a deposit as part payment, or trade-in your current vehicle, using the chattel mortgage for the balance of the purchase price.
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Let us know what funding your business needs and we'll help you get it!
Need finance for new equipment? Funding of store fit out? Purchasing a business?
TradeMate can provide you with a funding solution. Because we understand small business, we make finance fairer, easier and faster.
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“I have just used TradeMate to add another vehicle to my courier fleet, they were great, very helpful & made things very easy, thanks to POLCAR for there help.”
TMO Couriers Pty Ltd
At TradeMate Finance we have the perfect solution to all your equipment finance needs. We take all the guesswork out of finding the best finance deal. We take the time to understand your business and needs and save you hassle, time and money.
Rate Disclosure *Best rate as of the 1st of January 2020 is 3.75%PA. The interest rate is determined with reference to the age of the vehicle/equipment and the credit assessment. Interest rate loading may be applied. Establishment fees of $375. Different terms, origination, account keeping fees or other loan amounts might result in a different comparison rate. Lending criteria, fees and conditions apply. Rates, fees and conditions are indicative, available for new loans only and subject to change without notice.
Rate provided by TradeMate Finance Pty Ltd, Australian Credit Representative Number (520749) Authorised representative of ACL# 389328
TradeMate Finance Pty Ltd 467 Torrens Rd Woodville SA 5011