A1 Car Loans

What is a Chattel Mortgage?

Chattel Mortgage is a product that assists a business or an individual to either upgrade or acquire a new car, used car or other business equipment.  A chattel mortgage provides for the purchase of goods in exchange for a fixed series of payments. The goods are used as security for the loan contract.

A chattel mortgage allows you to either finance the total purchase price, use a deposit or trade-in or add a final lump sum balloon payment to reduce the loan repayments. As a business, the GST incurred in the purchasing of the equipment can contribute towards paying off the loan!  Ask A1 Car Loans how this works.

With a chattel mortgage, you are deemed to be the owner of the goods while the financier has security over the goods. As the owner,  you can claim a tax deduction for the depreciation on the goods as well as the interest component of the loan repayments.  Please talk to your accountant to determine what tax and depreciation claims are available to you.

Use our FAST QUOTE car finance calculator to see how deposits and balloons can change the loan repayment.

Benefits of a chattel mortgage:

1300 18 17 19

Fast Quote

Novated Lease Calculator

or email us

Renault to pitch Alaskan as a semi-premium offering
Navara-based Renault Alaskan ute to be pitched to older buyers, not tradies
Wed 22nd Feb 17 06:21pm
Geneva show: Hyundai i30 wagon exposed
New-generation i30 wagon off the table for Australia as Hyundai bets on small SUV
Wed 22nd Feb 17 06:11pm
Alpina B7 Bi-Turbo checks in
BMW 7 Series-based Alpina B7 joins B3 and B4 pioneers from $369,720 BOCs
Wed 22nd Feb 17 06:00pm
MG closing in on new dealerships
Just three dealerships so far, but MG Motor Australia is working on five more
Wed 22nd Feb 17 05:51pm
Geneva show: Range Rover Velar backs in
Land Rover promises its 'avante garde' Velar mid-sized SUV will be game changer
Wed 22nd Feb 17 03:18pm