Chattel mortgage
You own the asset from day one and it sits on your balance sheet. The most common structure for GST registered businesses.
Overview
Paying cash for a depreciating asset ties up capital that usually earns more elsewhere in the business. Asset finance matches the cost of the equipment to the period it generates income.
The product you choose changes the tax and accounting treatment, so this is a decision worth making with your accountant rather than at the dealership.
Who this suits
- Commercial vehicles, trucks and trailers
- Yellow goods, plant and construction machinery
- Manufacturing, medical, printing and hospitality equipment
- Fit out, technology and office equipment
- Used and private sale assets, subject to age and type
What we help with
Lease and hire purchase
Different balance sheet and tax treatment. Worth comparing with your accountant before committing.
Fast approvals on standard assets
Low document approvals are available for established businesses on common asset types, often within a day.
Before you go further
The detail on this page is general information, not credit assistance or personal
advice. What applies to your situation depends on your income, assets, liabilities
and objectives. Call 0413 321 141 and we will work through the specifics.
Common questions
How it works
Initial Consultation
We discuss your goals, financial position and borrowing requirements.
Compare Loan Options
We compare suitable lending solutions available through our approved lender panel at the time of assessment.
Application Support
We prepare and submit your application while keeping you informed.
Settlement
Once approved, we assist through settlement and remain available for ongoing support.