Chattel Mortgage

Introduction to chattel mortgage

A Chattel Mortgage is a commercial lease for the purpose of finance for equipment such as a car, boat, truck, bus or other vehicle. However, Relion Finance also offers Chattel Mortgages to finance all other types of assets.

Legal ownership of the vehicle or other asset is transferred to the purchaser at the time of purchase and upon final payment the title of the goods are transferred from the financier to you.


What are the benefits of a Chattel Mortgage?

  • Claim the full GST amount as Tax Input credits at time of purchase rather than over the monthly repayments.
  • Depreciation and interest on repayments are tax deductible
  • You have the option of making a deposit (or use a trade in) to help reduce the loan repayments
  • You have the choice of having a balloon if you want to reduce your monthly repayments
  • The Chattel Mortgage is secured against the asset itself removing the requirement for additional security from bricks and mortar
  • Structure your repayments over monthly, quarterly, bi-annually or annually to coincide with your cash flow

Do you have questions about export factoring? Then call 1300 21 22 23 or Contact Us.


What are the additional benefits of using a Relion Finance Chattel Mortgage?

  • Your choice of vehicle (new or used) from a dealership or through private sales
  • Our Chattel Mortgage loan terms range from 1 – 7 years
  • We offer a fixed rate term for the life of the loan assisting you when budgeting
  • There are no additional on-going fees keeping the total cost of the loan to a minimum
  • Approved customers may be able to bundle insurance and on-road costs in the loan total.
  • 100% finance is available to approved customers
  • Monthly, quarterly, semi-annually, annually, seasonally or irregular repayments to meet your cash flow demands

Finance all type of assets not just vehicles

The information provided by Relion Finance is not financial advice. We provide information of a general nature only. If you require information specific to your situation please consult with your Accountant or Financial Planner.

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