Chattel Mortgage Australia: Business Vehicle & Equipment Finance Chattel Mortgage Own it from day one
Finance your vehicle or equipment. Own it immediately. Claim the tax benefits. Low-doc options available.
Trucks, Utes & Vans
Need a work vehicle but don't have two years of tax returns? Start here.
See options → ⚙️Equipment & Machinery
Buying gear for your business? If it has a serial number, we can finance it.
See options → 🚗ABN Car Loan
Want a car that's partly personal, partly work? ABN holders get better rates.
See options → 📋Full Doc Vehicles
Got your tax returns ready? Best rates for established businesses.
See options → 🏭Full Doc Equipment
Full financials = lowest rates. For businesses with clean trading history.
See options →GST Credit Upfront
Claim full GST on the purchase price in your next BAS — not progressively like a lease.
Claim Depreciation
Instant asset write-off (permanent from 1 July 2026): assets under $20,000 written off immediately if your aggregated turnover is under $10 million.
Deduct Interest
Interest on every repayment is tax-deductible. No FBT — unlike novated leases.
Estimates only — not a quote or financial advice. Actual repayments depend on lender, credit profile, and asset. Confirm tax benefits with your accountant.
For weekly figures, the GST line and a balloon comparison, use the chattel mortgage repayment calculator.
| Chattel Mortgage | Hire Purchase | |
|---|---|---|
| Ownership | Day one | After final payment |
| GST upfront | ✓ | ✓ |
| Depreciation | ✓ | ✓ |
| Write-off eligible | ✓ | ✓ |
| Rates | Lower | Slightly higher |
| Chattel Mortgage | Finance Lease | |
|---|---|---|
| Ownership | Day one | Lender |
| GST | ✓ Full upfront | Progressive |
| Depreciation | ✓ | ✗ |
| Write-off | ✓ | ✗ |
| Best for | Long-term | Frequent upgrades |
| Chattel Mortgage | Novated Lease | |
|---|---|---|
| For | ABN holders | PAYG employees |
| Ownership | Day one | Leasing co |
| FBT | None | Yes |
| Employer | Not needed | Required |
| Chattel Mortgage | Car Loan | |
|---|---|---|
| Purpose | Business 51%+ | Personal |
| NCCPA | No — flexible | Yes |
| Tax | GST + dep + interest | ✗ None |
| Rates | About 6.5% to 10% | Similar or higher |
Lump sum at end of term. Lowers monthly costs, increases total interest. Commonly up to about 60% of the asset value; each lender sets its own maximum by asset type, age and term. Can't pay? Refinance. Many lenders limit balloons on terms over 5 years, and some allow no balloon on a 7-year term.
Yes. Asset as security = easier than unsecured. Specialist lenders have products. Property + deposit helps. See bad credit business loans.
Usually no — most lenders do 100% finance. Deposit = better rate. Newer businesses may need 10–20%.
No. Outside the NCCPA — business-purpose credit. More flexibility, faster approvals, but less consumer protection. Work with a reputable broker.
Same thing. "Chattel mortgage", also called a chattel loan, is the legal term. Some banks market it as an "equipment loan". See equipment finance, or read our chattel mortgage guide for how it works end to end.
Yes, and it can pay if rates have fallen or your credit profile has improved since you signed. We check whether the savings outweigh any early payout and break costs.
Takes 2 minutes. No documents needed. No credit score impact. We'll tell you what's possible.
Check Eligibility