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Businesses looking for more flexible vehicle loan terms and potential tax benefits can get a Chattel Mortgage with help from NuStart Finance.

We can help you find the perfect loan to increase your company fleet and help your business grow by;

  • Fast approvals, subject to a credit assessment
  • Competitive financier offers
  • If approved, you may not need to provide a down payment
  • Own your car from day one
  • Obtain potential tax benefits if your business is eligible

If you’re putting in a lot of work to keep your business a float, a Chattel Mortgage could give your business the resources it needs to hit the road and get more work done. Call our team on 1300 000 123 today and apply.

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Chattel Mortgage rates are lower for most business owners and they can come with all sorts of other tax benefits depending on the situation. Speak to an accountant for specific tax advice.

Apply Online Now to see if you qualify for Chattel Mortgage!

Chattel Mortgage Features & Benefits

Chattel Mortgages are vehicle loans where the financier takes out a mortgage over the financed vehicle. Since the loan is secured, the financier has less risk and can offer more flexible terms to the borrower in exchange. These terms depend on the financier, but they can include:

  • Low or no up-front payment
  • Flexible loan repayment terms from 1-7 years
  • Lower interest rates
  • Eligibility for GST Input Tax Credits with registered businesses
  • Possible balloon payment arrangements to lower monthly payments
  • The vehicle is the asset, so no other collateral required

Such benefits are provided at the discretion of the financier and eligibility. Note that in order to qualify for a Chattel Mortgage you must have an ABN registration and must prove that the vehicle is used predominately for business purposes.

Other Benefits of Using NuStart

NuStart works hard to find your business the Chattel Mortgage it needs to grow its fleet. We can help you find a competitive Chattel Mortgage rate with loan terms that keep your business moving. Many of the Chattel Mortgage loans we locate can offer fixed interest and friendly buyer conditions.

Since last year we helped over 1,000 clients from Perth, Sydney, Melbourne and Brisbane to source a great finance deal. Our team can take the stress out of the application process and find a lender that suits your needs.

Get in touch with one of our experienced chattel mortgage consultants on 1300 000 123 for easy to get finance that works for you.

FAQs

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What is the difference between a Chattel Mortgage and Consumer Loan?

The main difference between a Chattel Mortgage and a Consumer Loan is that a Chattel Mortgage is a business use loan product. This means the vehicle must be used predominantly for business use, which is 50% or more of its usage.

Can I apply for a loan if I’m currently bankrupt or recently discharged from bankruptcy?

Yes you can. At Nustart Finance we have a panel of different lenders we have access to; they all have different lending criteria. It depends on your individual situation as to what options are available, and what lender we can look at getting you an approval through based on their credit criteria.

Does NuStart assist people on centrelink?

Yes we do! We could help those on Centrelink for:
- Family Benefit Tax A & B,
- Disability pension,
- Carer’s Pension & Aged Pension,
- Partnered Parenting Payments.

What is a Residual Value/Balloon Payment & how do I get it?

A Residual or Balloon payment is a lump sum owed to the financier at the end of a loan term after all regular monthly repayments have been made. This allows a borrower to repay only part of the principal of their loan over its term, reducing their monthly repayments in exchange for owing the financier a lump sum at the end of the loan term. We could organise balloon payments for you - just call us on 1300 000 123.

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