Chattel Mortgage Calculator

This service is simple and easy, all you do is Search, Compare and Select the best Chattel Mortgage quotes from the best banks and finance providers in Australia. And best of all, we give you access to real instant finance quotes that are based on finance type, vehicle age, term and financed amount. In fact, its as real as it gets online!

Chattel Mortgage Calculator

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Chattel Mortgage

What is a Chattel Mortgage?

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A Chattel Mortgage is a car financing facility that allows the customer to have instant GST benefits if they account for GST on a cash basis.

How does a Chattel Mortgage work?

A Chattel Mortgage occurs where a finance provider provides a loan to a customer and the customer uses that facility to purchase an asset such as a motor vehicle. Under a chattel mortgage the customer becomes the owner of the motor vehicle at the time that the agreement is entered into. Security for this form of car finance is a mortgage over the vehicle purchased. Once the contract is complete, the mortgage is removed giving the customer clear title to the motor vehicle.

Chattel Mortgage Benefits

  • You dont tie up your cash and can use this money to invest in the development of your company
  • Chattel Mortgage payments are fixed for the term
  • Flexible contract terms ranging from 12 – 60 months
  • A balloon payment can be applied to the finance structure which reduces monthly repayments
  • Customers registered for GST can claim the GST that is included in the purchase price of the vehicle
  • GST is not charged on the monthly rental or residual payment