Chattel Mortgage

What does Leasewise Australia offer?

Leasewise Australia provides Chattel Mortgage agreements for small businesses to purchase vehicles and equipment for use as income producing assets.

Chattel Mortgage finance facilities enable borrowers to take full advantage of ownership from day one. Borrowers provide a mortgage over motor vehicles or equipment financed as security for their finance facility.

Features and Benefits

Flexible Contract terms – ranging from 12 months to 60 months
Fixed payments – same payments for the term of the loan unless balloon option chosen
Monthly payments in arrears – opportunity to produce cash flow before first payment is due
Deposit option – a larger payment up front will reduce payments over the term
Balloon option – a balloon final payment also reduces payments over the term
GST treatment – GST registered borrowers are able to claim a part or full Input Tax Credit
Income Tax treatment – taxpayers are able to claim depreciation and interest charges for assets used in their businesses