Chattel Mortgages

With access to over 40 lenders, we specialise in customising chattel mortgages to suit your specific needs. Whether you need to purchase commercial vehicles or equipment We source BETTER terms and repayments to match your business requirements

Chattel mortgage: Driving your business forward

When it comes to acquiring vehicles for your business, a chattel mortgage can be a powerful financing solution. Whether you need a new fleet of cars, trucks, or commercial vehicles, Better Money has you covered. Let’s dive into the world of chattel mortgages and how they can drive your business forward.

Introduction to chattel mortgages

Rev up your business with chattel mortgages

A chattel mortgage is a type of secured business loan designed for purchasing vehicles and equipment. In this arrangement, the lender provides funds for the purchase, and the vehicle itself serves as collateral. It’s a popular choice for businesses looking to expand their fleet without tying up significant capital.

Why choose a chattel mortgage?

Chattel mortgages offer numerous benefits, including:

Immediate ownership: You own the vehicle from day one.
Tax benefits: Potential tax deductions on interest and depreciation.
Flexible loan terms: Tailored to your business’s needs.

Why choose better money for chattel mortgages?

Better Money is your ideal choice for chattel mortgages, and here’s why:

Specialized expertise:

We understand the unique needs of specialised equipment, offering tailored solutions. We match your business profile to the right lender to secure BETTER terms.

Easy 90 second online application:

Our user-friendly application process is designed to save you time and hassle, with a quick online form that takes just 90 seconds to complete.

No Impact on your credit file:

Worried about the impact of a credit check? With Better Money, your credit file remains untouched during the initial application, safeguarding your credit score.

Access to over 40 Lenders:

We leverage our extensive network of lenders to match you with the most suitable financing options for your business profile, ensuring you always get a BETTER option.

Steer your Business with confidence

With Better Money as your partner, you’ll navigate the road to ownership with ease.

How chattel mortgages work

Understanding how chattel mortgages work is essential:

You select the vehicle or equipment you wish to purchase.
The lender provides the funds for the purchase.
You make regular repayments, including interest, over the loan term.
Once the loan is fully repaid, you gain clear ownership of the vehicle.

Key features and benefits

Turbocharge your business

Chattel mortgages come equipped with key features and benefits, such as:

Fixed interest rates: Enjoy stable, predictable repayments.
Flexible loan terms: Tailor the loan to match your business cycle.
Potential tax benefits: Consult with your tax advisor to explore deductions.

Beyond the Bonnet

Chattel mortgages offer:

Improved cash flow management.
Full ownership rights from the beginning.
The ability to claim GST input tax credits.

Common uses of chattel mortgages

Versatility on wheels

Chattel mortgages are suitable for various vehicles and equipment, including:

Cars and passenger vehicles.
Trucks and commercial vehicles.
Industrial machinery and equipment.

Discover how a chattel mortgage can help you acquire the vehicles your business needs.

Eligibility Criteria

Who qualifies for a chattel mortgage?

Eligibility may include:

Proof of business ownership and registration.
Details about the equipment to be financed.
A minimum business operating history (Usually at least six months).
Proof of business ownership and registration.

Our team at Better Money can assist you in meeting the eligibility criteria.

Application Process

Navigating the express lane

Applying for a chattel mortgage is a streamlined process:

Begin by completing our straightforward online application.
Select the vehicle or equipment you wish to finance.
With access to over 40 lenders we mastch your business profile to the right lenders.
Let us navigate the lending landscape to provide you with BETTER options
Once approved, funds are disbursed for your purchase.

We handle it, so you can get on with it

Our mission at Better Money is to empower your business by providing finance to to maintain your competitive edge. Whether you’re expanding your fleet, upgrading equipment, or outfitting your office, chattel mortgages offer a flexible and powerful financing solution. Don’t let asset acquisition hold your business back. With Better Money you can own the assets you need to drive growth and success.

Call 1300 664 681