Looking for expert and professional information? 1300 Car Lease is the car leasing website packed full of options! 1300 car Lease can also put you in touch with a finance consultant Australia wide.
Just call 1300 554 553
A chattel mortgage is a business finance product where the customer takes ownership of the motor vehicle at the time of purchase.
Under a chattel mortgage the finance provider funds the purchase of the vehicle. The customer takes ownership of the motor vehicle at the time of purchase.
The financier then takes a mortgage over the vehicle as security for the car loan.
Once the contract is completed, the mortgage is removed giving the customer clear title to the motor vehicle.
The chattel mortgage balloon is the amount that will need to be paid to the finance provider at the end of a chattel mortgage. Having a balloon put into your agreement makes the monthly lease payments cheaper and much more affordable. The decision of having a balloon or not is entirely up to you, you may choose to pay the motor vehicle down to zero which means once the final lease payment is made, you own the motor vehicle.
Click here for a detailed summary of all residual values and balloon structures. Car Lease Residuals
A chattel mortgage is suitable when you use your vehicle wholly or predominantly for business purposes. This means that the vehicle is used for business for more than 50% of the time. It's also a great option if you would like to own the motor vehicle at lease end.
The monthly repayment or balloon amount is not subject to GST.
Where the vehicle is used for business use, the hirer can claim "interest and depreciation". That is interest on the lease payments and depreciation up to the luxury car tax threshold or depreciation limit of $57,180
GST is also claimable on the purchase price of the vehicle in one lump amount.
Either complete our friendly enquiry form and we will call you shortly or call the number 1300 554 553 and talk to an experienced car leasing consultant today.Enquiry Form
|Commercial Hire Purchase|
|Novated Car Lease|
|Maintained Novated Lease|
|Novated Operating Lease|
|Sale and Lease Back|
|No Doc Car Lease|
|Short Term Car Lease|
|Car Lease Comparisons|
Car finance quote in 30secs
Talk to an experienced Car Lease consultant today on 1300 554 553Read More
Great rates, great advice and great information, Talk to the team today at 1300 554 553Read More
Complete a successful and easy car lease right now! Call us now 1300 554 553Read More
If you are considering a Car Lease, why not try our business partner Advance Car Loans. They offer all Car Leasing products including hire purchase, chattel mortgage, finance lease and novated lease. Advance Car Loans makes the process of car leasing easy and hassle free, visit www.advancecarloans.com.au for instant access to car finance calculators and instant online lease quotes.
Advance Car Loans can give you access to the best Chattel Mortgage in Australia. They are the Chattel Mortgage experts, visit them at www.advancecarloans.com.au or call them on 1300 554 553.