Motor Vehicle Loans
Chattel Mortgage is the most common type of vehicle loan for business use
Under a Chattel Mortgage, the financier advances funds to the customer to purchase an asset, and the customer takes ownership of the asset at the time of purchase.
With Chattel Mortgage the customer can claim the interest charges on the contract and depreciation (in the case of vehicles up to the depreciation limit*) as a tax deduction.
Chattel Mortgage
This is the most common type of Vehicle loan for business use!
A Chattel Mortgage is a commercial finance product where the customer takes ownership of the asset (chattel) at the time of purchase.
Under a Chattel Mortgage the financier advances funds to the customer to purchase an asset, and the customer takes ownership of the asset (chattel) at the time of purchase.
With Chattel Mortgage the customer can claim the interest charges on the contract and depreciation (in the case of vehicles up to the depreciation limit*) as a tax deduction.
The Benefits of a Chattel Mortgage
Flexible Finance
Protected From Fluctuations
Repay Anytime
No GST
You don't pay GST on the loan repayments or any balloon payment.
Potentially Tax Deductible
Bridgecoast Finance has other Vehicle Loan options
Finance Lease
This type of finance gives you the option to rent a vehicle for an agreed period of time and at the end of the loan term you have the option to upgrade.
Australia's top rated vehicles available for loan









