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 (to 30 June 2026): assets under $20K written off immediately.
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.
| 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 | 6–10% | 6–12% |
Lump sum at end of term. Lowers monthly costs, increases total interest. 0–60% of asset value. Can't pay? Refinance. Balloon terms capped at 5 years; 7-year terms need $0 residual.
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. NAB/ANZ rebrand it as "equipment loan." See equipment finance.
Yes. RBA data shows new rates consistently beat existing finance. We check if savings outweigh exit costs.
Takes 2 minutes. No documents needed. No credit score impact. We'll tell you what's possible.
Check Eligibility