A Chattel Mortgage provides a financial solution that is typically used to purchase goods such as motor vehicles, trucks, industrial plant and other professional equipment.
The financier will take a ‘mortgage’ or ‘charge’ over the financed good’s which is released after the final payment is made.
- You hold the title to the goods.
- 100% finance can be provided.
- Repayment schedules are flexible and can be structured to suite your needs.
- Balloon payments at the end of the term can be arranged.
- A Chattel Mortgage may provide tax benefits if the financed goods produce taxable income.
- The term of the Chattel Mortgage is flexible (maximum term 60 months).
- You own the goods from the beginning of the contract.
- You can obtain the goods for a minimal capital outlay.
- You can match repayments to cash flows.
- You can pay lower instalments during the term of the contract with a balloon payment at the end.
- Repayments may be either in advance or in arrears.
To find out more call Green Light on 1300 939 675 or email info@greenlightonline.com.au