Chattel Mortgage

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.