Chattel Mortgage

How it works

An effective way to finance a vehicle for business use. You own the vehicle, which is then used as security, enabling us to offer you competitive terms.
 

Tax deductible

  • There may be tax benefits if the financed vehicle is used to produce assessable income. Speak to your accountant to discuss your particular circumstances.

Manage your cash flow

  • 100% finance is available to approved customers, so you don't have to tie up your day-to-day cash flow
  • You own the vehicle your business needs without paying for it up-front so you can put your day-to-day cash flow to better use
  • The vehicle being purchased is normally sufficient security for the finance so your other business assets are not required as security.

Flexible repayment options

  • Match your finance to the length of time the asset is required - loan terms available from 1 to 7 years
  • Monthly, quarterly, semi-annually, annually, seasonally or irregular
  • You can also arrange to make a balloon payment at the end of the loan to reduce repayments throughout the term
  • You have the flexibility to repay the contract in full before the term ends. Early termination fees apply
  • Payments can be made from your nominated bank account, by direct debit or via BPAY
  • Interest rates are fixed once your contract starts so you always know what your repayments will be.

Before you start, you will need to:

  • be looking to borrow $10,000 or more
  • have your business registered in Australia
  • have a good credit history.

Establishment fee

$375

Late payment fee

$35

Government charges may apply for registering Esanda's security interest.

Structured Chattel Mortgage options available

Esanda can help you to create a repayment structure that meets your business needs. Here are some examples of what we can do.

Want a repayment break when your annual insurance and registration is due?

Esanda can tailor your repayment schedule so that you can have a repayment holiday on each anniversary of your contract in exchange for slightly higer repayments in other months. You can put the extra cash towards your annual insurance and registration instead.
Want repayments tailored around car maintenance?

Esanda can structure your repayment schedule to reflect the non-monthly operating and maintenance costs of owning a vehicle over the term of your Chattel Mortgage. Reduced repayments every six months and no repayments on each anniversary of your contract reflects a typical ownership schedule, where standard servicing costs and annual registration and insurance are due.

Get in touch with us now:

Call icon   Call us on 1300 655 086

Call back icon   Request a call back

Find dealer icon   Visit an Esanda car dealership

Apply online icon   Fill out an enquiry form