Chattel Mortgage


Available for sole proprietors, partnerships and companies that use the ‘cash’ method of accounting for the Goods and Services Tax (GST). Under the cash method, the GST component of the acquisition price of the motor vehicle can be claimed back on the next Business Activity Statement, rather than claiming the GST over the term of the finance contract.

How it Works:

You take ownership of the goods upon delivery and Financier secures the loan by registering a charge over the goods.


Flexibility is an attractive feature of a chattel mortgage. You can choose to finance the total purchase price, or use a deposit or trade-in to reduce the loan repayments. You can even use the GST refund to contribute towards paying off the loan, thereby reducing the amount financed and the interest paid over the term of the loan. By choosing a chattel mortgage, you become owner of the motor vehicle while the financier secures a charge over the asset. As you are the owner of the motor vehicle you may claim a tax deduction for the depreciation on the motor vehicle as well as the interest component of the loan repayments. In addition, GST is not payable on the loan repayments.

Other benefits include:

The repayments are fixed over the term of the loan.
The term of the loan ranges from 9 months to 60 months.

You can structure the repayments with or without a balloon payment at the end of the term of the loan to tailor your repayments to suit your cash flow.

Personal Details






Phone Number*


Car Details





*Purchase Price