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All You Need To Know About Chattel Mortgage Car Loan

ACFC are a reputable company offering hassle free financial advice and support. The team of friendly finance brokers will compare the available car loans to help find the most suitable loans at the best rates.

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All You Need To Know About Chattel Mortgage Car Loan

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  1. All You Need To Know About Chattel Mortgage Car Loan

  2. Why A Chattel Mortgage Car Loan? • Chattel Mortgage car loan is a lucrative car loan option for those who use their vehicle for business purposes • The customer takes ownership of the vehicle at the time of purchase and later the lender takes a mortgage over the new vehicle as security • Chattel Mortgage car loan is a very flexible loan option • Balloon payment can be added to lessen the burden of monthly payment

  3. How Can You Be Benefit? • A chattel mortgage offer fixed interest rates • The monthly repayments are fixed • You can choose to make a down payment to save on your interest • A GST registered customer can claim the GST returns

  4. No GST is charged from the borrower on his/her monthly payments • Since the finance is secured against the new vehicle, making the borrower likely to receive lower interest rates

  5. Things To Consider • If your new car is for domestic use, then chattel mortgage is not the right car loan option for you • Chattel mortgage car loan is suitable for companies, partnerships and sole traders

  6. If you are unable to find the suitable car loan then take assistance from an expert car finance company • Find the right car finance company that can help you get quick car loan approvals with the lowest interest rates

  7. Thank You

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