Your Premier Choice for Chattel Mortgage Finance
When it comes to securing finance for business assets, Newcastle Commercial Finance stands as a trusted partner, delivering tailored solutions that empower businesses of all sizes
With years of industry experience, an expert team, and a commitment to outstanding service, Newcastle Commercial Finance provides unmatched expertise for clients seeking Chattel Mortgage finance to support their growth. Discover why we are the best choice to help your business secure a Chattel Mortgage, along with the advantages of this financing solution.
What is a Chattel Mortgage?
A Chattel Mortgage is a type of loan specifically designed for business asset acquisition, such as vehicles, machinery, or other essential equipment. With this arrangement, the lender provides the finance to purchase the asset, and the business owns the asset outright from the outset. The lender, however, takes a mortgage over the asset as security until the loan is fully repaid. This structure gives businesses immediate access to the equipment they need to operate effectively, while allowing them to pay off the asset over an agreed-upon term.
A Chattel Mortgage from Newcastle Commercial Finance empowers your business with ownership, tax advantages, and the flexibility to make the most of your investment. Trust us to provide the expertise, guidance, and service excellence that have made us a leader in commercial finance solutions.
Contact Newcastle Commercial Finance today to discuss how a Chattel Mortgage can help you achieve your business goals. Our team is here to guide you every step of the way, delivering financing solutions that work as hard as you do.
Advantages of a Chattel Mortgage
For businesses, a Chattel Mortgage offers several distinct advantages:
Ownership from Day One: Unlike leasing arrangements, a Chattel Mortgage gives businesses ownership of the asset as soon as the finance is approved and settled. This ownership provides businesses with full control over the asset, allowing them to use it freely without restrictions.
Tax Benefits: With a Chattel Mortgage, businesses may claim the GST on the purchase price if they are registered for GST. Additionally, interest payments and depreciation of the asset may be tax-deductible, providing substantial savings for businesses at tax time.
Flexible Terms and Residual Payments: A Chattel Mortgage allows for a range of repayment terms, typically from 12 to 60 months, with the option to set a final “balloon” or residual payment. This flexibility helps businesses manage cash flow more effectively, enabling them to spread costs in a way that aligns with their financial strategy.
Fixed Interest Rates for Budget Certainty: Chattel Mortgages often come with fixed interest rates, giving businesses a predictable repayment structure that aids in budget planning. In times of fluctuating rates, fixed payments are advantageous for stability and peace of mind.
Why Choose Newcastle Commercial Finance?
Newcastle Commercial Finance understands the unique needs of businesses in Newcastle and the surrounding region. Our team is well-versed in the latest industry trends, tax regulations, and financial strategies, providing tailored advice and support to ensure you receive the best Chattel Mortgage solutions
Every business is unique, and so are its financial needs. We offer flexible Chattel Mortgage solutions, crafted to meet your specific requirements. Whether you need to purchase a fleet of vehicles, upgrade machinery, or invest in essential business equipment, we ensure your finance package aligns with your goals.
We know that time is valuable for business owners. Newcastle Commercial Finance streamlines the application and approval process, minimizing paperwork and reducing wait times. Our goal is to have you up and running with your new asset as quickly as possible.
Our Chattel Mortgage options come with competitive interest rates, and we’re committed to transparency in all our dealings. With Newcastle Commercial Finance, you’ll know exactly what to expect with no hidden fees or unexpected costs.
Securing a Chattel Mortgage is just the beginning. As your financial partner, we offer ongoing support, with our team always available to assist you in managing your finance package, adjusting your payment structure, or providing guidance as your business grows and evolves.