How A Chattel Mortgage Work

With Fleetcare's Chattel Mortgage arrangement you take immediate ownership of the vehicle and the flexibility of knowing exactly what the monthly payment will be. Under a Chattel Mortgage arrangement, the end user takes immediate title to the goods as it is considered a cash sale.

The financier takes security (mortgage) over the goods until repayment has been made in full. This finance option best suits you if your business accounts on a cash basis (turnover less than $1m) as it allows funding of GST upfront and permits a full GST claim in the first BAS cycle.


Features and benefits of a Chattel Mortgage:

  • No deposit vehicle finance
  • Interest and depreciation may be tax deductible
  • Simple monthly invoice makes budget forecasting more accurate
  • Finance repayments spread over time for better use of cash flow
  • Build up equity in your new vehicle using the trade in value of your old car
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