Chattel mortgage

As an alternative to leasing or hire purchase, a chattel mortgage is a fixed interest rate loan with security provided by a mortgage over the relevant vehicle or equipment.

This finance solution is favoured by businesses that want to retain the equipment at the end of the term and account for GST on a cash basis.

What a chattel mortgage means

A chattel mortgage, unlike a lease or hire purchase agreement, gives you immediate ownership of the asset from the beginning of the loan.

Apart from mortgage stamp duty, the contract or repayments do not attract GST or stamp duty.


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