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Secured Loan

Own it now and pay it off.
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With Fleetcare's Secured Loan arrangement, also known as a Chattel Mortgage arrangement, you take immediate ownership of the vehicle and the flexibility of knowing exactly what the monthly payment will be. The end user takes immediate title to the goods as it is considered a cash sale.
Fleetcare, who are the financier, takes security (mortgage) over the asset or vehicle until repayment has been made in full. This finance option best suits you if your business accounts on a cash basis of turnover less than $1m. It permits a full GST claim in the first Business Activity Statement (BAS) cycle.

Why choose a Secured Loan?

No deposit vehicle finance
With no deposit required, you can own the vehicle from the outset and claim a tax deduction for depreciation.
Flexible finance terms
Flexibility to structure your loan repayments and balloon requirements to meet business needs and improve your cash flow. Secured loan terms can range anywhere between 1 to 5 years.
Stay in control
With a simple monthly invoice and fixed interest rate, you’ll know what your repayments will be for the life of the loan making budget forecasting more accurate.
Access fleet discounts
With a Fleetcare Secured Loan, you can access fleet discounts and take advantage of our buying power for accessories and fit out, which can all be bundled into the finance arrangement. Fleetcare can help to source the vehicle and negotiate with the dealer as well as arrange all fit out requirements prior to delivery.
Access to Fleet Management expertise
No matter how large or small your business is, take advantage of Fleetcare’s expertise and tailor a package to suit your needs. As a fleet management specialist, we offer a range products designed to increase efficiency and reduce costs.
Vehicle protection options

Car care is essential in helping to safeguard your car against the inevitable bird droppings, dirt and mud, coffee spills and everything in between!

Fleetcare offers premium protection packages that help withstand whatever the environment throws at you, keeping you and your car safe and looking like new.

Check out our full range of protection products here.

Instant asset write-off

On 12th March 2020, the government announced an increase to the asset write-off threshold from $30,000 to $150,000, available for businesses with aggregated annual turnover of less than $500 million. This deduction is only available for vehicles purchased and delivered before 30th June 2021.

Learn more

Secured Loan FAQs

Is a secured loan right for me?

A secured loan, also known as a chattel mortgage, is an ideal solution if you want to own the vehicle now, and pay it off. If your business accounts on a cash basis of turnover less than $1m, you’re entitled to a full GST claim in the first Business Activity Statement (BAS) cycle.

What’s the difference between a secured loan and unsecured loan?

A secured loan will use the car you purchase as security over the vehicle until repayment has been made in full. With an unsecured car loan, you still use the funds you borrow to purchase the car, but the vehicle isn’t attached to the loan as security. 

Is there a minimum number of vehicles for a secured loan?

There is no minimum or maximum number of vehicles required for a secured loan agreement. This will depend on your businesses financial position.

What vehicles can I purchase on a secured loan?

A secured loan allows you to purchase a new or used vehicle that’s less than 8 years old at the end of the loan term.

Can Fleetcare source the vehicle?

Yes – Fleetcare can source the vehicle. In fact, we encourage it. Our purchasing power allows us to work with our dedicated dealer network to ensure fleet discounts are applied and passed on to you.

What is the standard term for a secured loan?

A secured loan term can range anywhere between 1 to 5 years. Fleetcare recommend a minimum 3 year term agreement to ensure you maximise the asset warranty and end of term value.

Can I customise the vehicle with accessories or add-ons?

You can customise your vehicle with any accessories and add-ons you like. Fleetcare will negotiate the cheapest quote for you which includes the pricing of the additional accessories and add-ons.

If you’re looking to protect your vehicle even more, we offer a range of additional vehicle protection options designed to enhance the safety and enjoyment of your vehicle. For a full list of options, click here.

Who will own the vehicle at the end of the arrangement?

You take immediate ownership of the vehicle when entering into a secured loan arrangement, but Fleetcare take out a mortgage on the vehicle as loan security. Once the secured loan arrangement is over, the mortgage will be removed and you’ll receive full ownership.

Think a Secured Loan is right for you?

Disclaimer: This advice is general in nature and based on present taxation laws and may be subject to change. We recommend you seek your own independent financial advice.