With Fleetcare's Secured Loan 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.