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Chattel Mortgage Finance
When experience matters, choose the experts. With over 20 years in the industry, our Finance Consultants structure smart Chattel Mortgage Loans, combining tailored advice with competitive funding options for Transport and Heavy Equipment Operators.
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Chattel Mortgage Finance
The Smarter Guide To Chattel Mortgage Loans For Trucks And Heavy Equipment
Chattel Mortgage Finance is one of the most effective and widely used solutions for purchasing new or used Trucks and Heavy Equipment. It works by securing the Loan against the Truck or Equipment itself, meaning no residential or commercial property is required as security. The Truck or Equipment (Chattel) you’re buying becomes the asset backing the Finance (Mortgage).
One of the biggest advantages of this structure is the strong tax benefits available to Australian businesses. Because you take ownership of the asset from day one, you may be able to claim the full GST input tax credit in your next BAS, as well as depreciation and interest expenses against your business income (subject to eligibility).
We structure every Chattel Mortgage to suite your business goals, ensuring fast approvals while maximising cash flow and tax efficiency. The result is simple - get on the road sooner with the right Equipment, while taking full advantage of the financial and tax benefits this proven Finance solution offers.
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Apply Now for Online Pre-Approval up to $500K without affecting your credit score.
Asset Security
Features of a Chattel Mortgage Facility
- Full GST on the purchase price claimed as a gst off-set on next lodged business activity statement (Speak to a qualified tax professional for advice)
- Depreciation and interest is claimed as a tax deduction at the end of the financial year on profit and loss statement (Speak to a qualified tax professional for advice)
- Term of a Chattel Mortgage Loan can range from 1 - 7 years (a fixed interest rate applies)
- Ownership of the asset is transferred to the client at time of purchase with payment options of weekly, monthly, quarterly, bi annually, yearly or structured
- Balloon payment at the end of the term can be applied to a Chattel Mortgage Loan to reduce monthly payments (Balloon amounts can range from 10% through to 50% - depending on age and usage of the Asset)
- Customer has the option to fund 100% of the asset cost or to contribute a deposit towards the purchase (either through trade in of existing asset or cash deposit)
- A Chattel Mortgage Loan may also be referred to as a Commercial Loan Agreement
Tax Advantages
Benefits of a Chattel Mortgage Facility
- Funding the full cost price of a Truck or Equipment Asset with a Chattel Mortgage Loan will preserve cash flow and maximise working capital position
- Flexible payment options allow clients to make payments suitable to their cash flow requirements
- Fixed interest rate over the term of the facility allows businesses to accurately project income and expenses going forward
- Option of a balloon payment at the end of the term reduces payments over the term of the Loan
- Chattel Mortgage Loans for Trucks and Equipment can be assessed on either a Full Doc or Low Doc basis
- As Chattel Mortgage Loans uses the Equipment as security, it allows clients to free up property equity to pursue other investment opportunities
- Balloon payment options at end of term gives the customer flexible options for thier business at the time the balloon payment is due. Customer can (one) pay it out using their own cash reserves (two) utilise the trade in value given by the dealership on the existing asset (three) refinance the balloon with a new Chattel Mortgage Loan
- Tax deductibility at end of the financial year as client can claim depreciation and interest on the asset purchased (Speak to a qualified tax professional for advice)
We Make Chattel Mortgage Loans Quick and Easy for Truck and Heavy Equipment Owners Australia Wide.
Start Now and complete our Quick Assessment Form to obtain a Pre-Approval up to $500K – decision within a few seconds.
Alternatively, you can call one of our Finance Consultants to discuss your funding scenario.
Example Breakdown
Example Funding Scenario
- Client required funding for a New Prime Mover as one of the Trucks in the existing fleet was nearing the end of its ATO effective life
- Finance Type – Chattel Mortgage
- Loan Amount – $495,000 (gst inc)
- Term – 60 months
- Balloon – 30%
- Payments – monthly in arrears
Outcome
- No deposit required allowing client to fund the full amount of the purchase price and maximise cash reserves to cover running costs
- We could issue customer an Unconditional Approval for the full amount of $495,000 (gst inc) amount under our Low Doc Policy - mitigating the need for the Accountant / Client to prepare financials for the current financial year
- The 30% balloon payment applied to the facility to reduce monthly payments and to best align with the ATO effective life of this Prime Mover and the term of existing work contracts held by this customer
- Fixed interest rate allowed client to easily budget for ongoing expenses
- This Chattel Mortgage facility allowed client to maximise the taxable benefits for their business and ultimately reduced the tax payable to the ATO
Customer Reviews
Our customers say it best. Find out what it's like dealing with the Experts in Chattel Mortgage Truck Finance. You could be the next success story.
Nathan you are fantastic to deal with. Always prompt with deals never a hiccup. After 8 truck deals will never use another broker. Keep up the great work you make my life stress free.
TH
Tracey Hall
Scone Equine Transport Pty Ltd
I have been dealing Heavy Vehicle Finance since 2014 and have found them be nothing short of amazing.They have funded various trucks and trailers for me over the years and its a fantastic feeling to know that I still have the same account manager after all of these years of business.It is very good to know that a finance approval is only a phone call away.
CW
Colin Wallace
Palanquin Pty Ltd
I have used the team at Heavy Vehicle Finance twice now for our financing needs for prime movers and side tippers. A Great team to work with and very prompt and professional. We will use again in the future.
JC
James Coustley
JJC Civil
I have used Nathan and his team for multiple purchases for our earthmoving company and Nathan has gone above and beyond to help us with expanding our business. I couldn’t recommend Nathan more highly.
SW
Sam Wood
Sureflo Plumbing & Roofing Contractors Pty Ltd
We used Heavy Vehicle Finance for the purchase of our Truck. They went above and beyond for us and made sure that the process was as stress-free as possible. The entire interaction was nothing short of amazing. We will definitely be using them again in the future.
MM
Meagan McNicholl
Next Gen Transport Pty Ltd
Can’t thank Nathan enough for how fast and professional he was with organising my finance for my new truck. He was straight to the point with no stuffing around. Highly recommended
TH
Tim Hartas
Hartrax Contracting Pty Ltd
Chattel Mortgage Finance Calculator
Looking to buy a New or Used Heavy Vehicle? Try our Simple Chattel Mortgage Loan Calculator to estimate your weekly payments and take the guesswork out of your next Truck or Equipment purchase.
Why Us?
Unlock the Benefits of Heavy Vehicle Finance for Your Chattel Mortgage Loan
- Heavy Vehicle Finance backed by 20 Years Industry Experience. Heavy Vehicle Finance that will work for you.
- Quick, Easy and Obligation Free. Heavy Vehicle Finance Pre-Approvals up $500K.
- We deal with Owner Drivers and Fleet Operators Australia Wide. We will help you save thousands on your next Heavy Vehicle Loan.
- We're trusted across the Transport Industry as a leading provider of Heavy Vehicle Finance. Our applicants receive funding options tailored to their business needs, delivered efficiently by experts who understand Heavy Vehicle Industry.
- Typically No Financials are required for loans up to $500K and our unconditional approvals take only 24 hours.
- Our flexible policy matrix will give you greater access to capital—so you can secure the Heavy Vehicle and Heavy Equipment you need to grow your business faster and with more confidence.
- Our customers are assigned a dedicated Relationship Manager to help guide them through the process from start to finish.
Let us Finance
the Road to Your
Future
Complete our Simple Quick Assessment Form and let us go to work on finding the best Finance Deal on your New or Used Heavy Vehicle.
With over 20 years experience and thousands of deals done, we are on your side to get the best possible rate.
Heavy Vehicle Finance News
Explore the latest trends, tips, and insights in Heavy Vehicle Industries. Get the inside knowledge.
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