A Chattel Mortgage differs from other types of asset or equipment finance in that you take ownership of the asset or equipment you are financing on delivery.
The bank or lender then takes the goods as security in return for the loan provided to you. The bank or lender has legal rights to the goods should you not be able to make your agreed repayments.
Benefits of Chattel Mortgage Finance:
- Up to 100% finance.
- Flexible payments solution.
- Interest and depreciation may be tax-deductible.
- Fixed repayments and interest rates for tax reporting and cash flow budgeting.
