Compare Cheap Car Chattel Mortgage Finance Rates
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Yazmeen Dannaoui15 July 2024Jade Finance did a wonderful job providing the services needed for me regarding finance. Joe was super patient with me and was extremely helpful! He answered all my questions and updated me throughout my finance progress. I would 100% recommend this company as they value customer satisfaction!Trustindex verifies that the original source of the review is Google.Joseph MB14 July 2024Excellent financial service, with solid communication & follow-up provided throughout the process. My consultant Ryan was super & coordinated a great offer. I would have no hesitation to recommend Jade team.Trustindex verifies that the original source of the review is Google.Murray Phipps14 July 2024Chris was very easy to deal with and kept me up to date at every step of finance process. Settlement was quick and hassle fee, highly recommended!Trustindex verifies that the original source of the review is Google.Michael Dearing13 July 2024Really easy to work with if I had a problem or issue with the process just simply rang them up and they would have it sorted within a couple of minutesTrustindex verifies that the original source of the review is Google.Marcella Dindillo8 July 2024Matt was exceptional! Very helpful and efficient. Excellent communication, very responsive. Overall had an incredible experience. Myself and two other family members recommend Matt to all our acquaintances.Trustindex verifies that the original source of the review is Google.Darren Hemphill7 July 2024Hugh from Jade Finance made the process of Finance our new caravan so simple, and hassle free Hugh kept us up to date the entire process and worked with our dealer to ensure a smooth settlement. Excellent communication, highly recommended! Thank youTrustindex verifies that the original source of the review is Google.Lee6 July 2024Really helpful, got things over the line and helped me into a new ute. Highly recommendTrustindex verifies that the original source of the review is Google.Amanda Humphries's6 July 2024We have used Jade for a couple of loans. Very helpful and easy to deal with.Trustindex verifies that the original source of the review is Google.Scott Towner6 July 2024Absolute pleasure to deal with, joe was a consumate professional . Knowledgeable and imformed. Thoroughly recommentdTrustindex verifies that the original source of the review is Google.Jen Allen5 July 2024Couldn't find better people to deal with even if I tried. Did everything for our van loan, even got extra warranty sorted and insurance. 10 out of 10. Definitely recommend 👌
Finding the Cheapest Interest Rate for New Vehicles in Australia
With the historic low interest rate era consigned to history again, the challenge is back on to find the cheapest interest rate to fund new vehicles. The motor vehicle lending market is one of the largest in Australia. Presenting opportunities and competition in rates. But also presenting a major challenge – how does a business owner cover off on enough lenders to secure the cheapest offer?
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Jade Car Loans | Expert Car Chattel Mortgage Solutions
Simply answer the questions that follow to see if you qualify:
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What is a Car Chattel Mortgage Loan?
This is a secured funding format where the lender takes a mortgage on the chattel, which is the motor vehicle asset. It is a very flexible and versatile funding option which suits a large number of Australian business set-ups.
- Secured funding format
- Business takes immediate ownership of vehicles
- Suited to cash accounting method
- Vehicles posted to business balance – depreciable assets
- Balloon optional
- 7 year term offered by some lenders
- Versatile and flexible format that suits many businesses and vehicle purchases
- Suits many structures – sole trader, SMEs, corporate, partnerships.
25 Years of excellence
Tax Opportunities of Car Chattel Mortgage Loans
Claim full amount of GST on next BAS subject to tax laws
Tax deductible interest
Tax deduction through vehicle depreciation according to ATO schedules
Suited to accelerated asset depreciation measures
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Immediate Access to Chattel Mortgage Rates from 60+ Lenders
Using jade is definitely the way to go for operators that want to save time and still secure the cheapest rates currently available on the market. We provide customers with their own consultant as a single point of contact and continuity through the entire process.
We do the hard work, sourcing the cheapest rates from across our massive selection of lenders. We’ve got access to major banks, financial institutions but also offer access to more exclusive opportunities through non-bank lenders that don’t make offers direct to customers.
- Exclusive industry-level access to more lenders
- Bargaining power that we’ve earned through our years in the field and amount of commercial funding we handle.
- Negotiating skills combined with exclusive contacts to deliver cheaper rates.
- Fixed interest rates to provide assurance and confident of no changes to the funding arrangements over the term.
- Opportunity to utilise special lender offers for funding EVs and green vehicles when available.
- Funding available for all business vehicles – no maximum purchase limits.
- REVs and PPSR checks for used vehicles.
Maximise Business Outcomes with Negotiated, Tailored Packages
The rate is critical to the overall cost of the funding. But at a time when operational expenses are rising, labour issues are constraining output and supply chains are complicating production plans, the need has never been greater to keep outgoings down.
That means getting repayments at levels that will work with cash flow now, ongoing and into the future. Your Jade consultant will be negotiating with our lenders to achieve a structure that works for your business.
- Repayments to suit cash flow
- 7 year terms to reduce monthly commitments to ease budget pressures
- Negotiated balloon payments to achieve repayment target
- No deposit options – full purchase price to ease pressure on existing funds
- Fixed terms to ensure stability in outgoings
- Individually structured solutions to maximise the benefits for the business
Streamlined Approvals for New & Used Car Chattel Mortgage Financing
The process for getting approved through Jade is fast and convenient for all types of work vehicle purchases. This financing product is versatile and suits all types of business vehicles, all makes and models.
- New work vehicles – utes, cab chassis, vans, passenger models, wagons
- Quotes for single vehicle or entire fleet upgrade funding
- All types of EVs – battery and PHEVs
- Dealer purchases and private sales
- Get approved to buy at auction
- Interstate purchases
Australia wide – get approved from wherever you are with our contactless business model.
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Quickly Calculate Car Chattel Mortgage Finance Repayment Estimates
Rates offered will vary according to the credit profile and details in the individual application form. But a quick calculation of estimated repayments at our currently advertised rates can be obtained by using our calculator.
- Online calculator to assist with buying decisions and decide on funding structure.
- Vary balloon, term and loan amount to make decisions on no deposits, vehicle affordability.
- Obtain repayment estimates in a few seconds.
When the repayment is in your ballpark, call us for a confirmed quote and be on your way to a cheaper motor vehicle funding solution.
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No Financials? No Documentation? Starting new operation? Only have an ABN?
Businesses without financials can still access this popular form of commercial credit through Jade. As specialists, we have connections with the lenders that make ABN only funding possible for our customers. More information on No Doc Car Loans
Options are also a possibility for those facing credit issues and have a bad credit rating.
Talk to us about Low Doc No Doc Car Chattel Mortgage Finance options.
Get approved today with the cheapest Car Chattel Mortgage Rates from Jade!
Speak to our teamAustralia's best car finance. Get your rate today.
No Credit Check Performed | 2 Min Quick Quote
Jade Finance handles every loan individually, please feel free to contact us via email
or phone on 1300 000 008 to direct your specific issues to our consultants.
Are Car Chattel Mortgage Loans available for used vehicles?
Yes. This is a very versatile credit product which used for both new and used business vehicles. The vehicles must meet ATO criteria as a business asset to be eligible for commercial credit. The condition of the vehicle is considered by lenders when preparing offers. The rate may be higher than for new vehicles.
What is the balloon element of Car Chattel Mortgage Financing?
This is a portion of the overall purchase price which may be the total loan amount, which is due for payment in full at the end of the loan term after all monthly repayments are finalised.
Is Car Chattel Mortgage Finance the cheapest loan?
This form of commercial credit typically attracts the lowest interest rate across the selection of asset acquisition funding products. The interest rate is lower than Leasing. The interest rate is a key determinant of the total cost of the finance and with the lower rate, this credit product could be seen as the cheapest option.
Are repayments on a Car Chattel Mortgage Loan tax deductible?
Not in full. The interest portion is tax deductible but the balance of each individual repayment is not. Businesses realise a tax deduction through the depreciation of the asset. The amount of the annual depreciation is in line with the ATO scheduling. When accelerated asset depreciation measures are available, the full purchase amount can be deducted in the year of purchase.
Is refinancing from Leasing to Car Chattel Mortgage Finance possible?
Yes. When refinancing motor vehicles, the business can utilise the same or a different form of credit.
What businesses can apply for Car Chattel Mortgage Loans?
Businesses of all structures may suit this form of commercial credit. The key factor is the accounting method used by the business. This credit product is best-suited to businesses that use the cash accounting method rather than the accruals method of accounting.
Will a Car Chattel Mortgage Loan suit the purchase of a commercial van?
Yes. If the van meets the ATO criteria for a business asset, then it may be financed with this type of funding.
How do I know if Chattel Mortgage will suit my business set-up?
Businesses are advised to consult with their accountant on the suitability of funding products for their operation. The accounting method utilised is a key consideration. It is most suitable to use with the cash method of accounting.
What are the options for operators without all the financials to complete the business finance application form?
Businesses that have an ABN but not the full set of documentation to complete the application form can consider Low Doc and No Doc options. These are available through specialist lenders.
Jade provides the solution – specialist motor vehicle broker services which focus on achieving better rates and better overall funding Chattel Mortgage solutions for business operators.
Jade Car Loans have the right connections with more lenders to do that covering off for you and deliver the cheapest funding package in a streamlined, quick process.
Helping business owners and operators to offset the impacts of rising costs and expenses with cheaper motor vehicle funding.
Chattel Mortgage has surged in popularity on the back of Instant Asset Write-off and temporary full expensing. Many lenders offer this form of commercial credit. But we have the resources, expertise and experience to know which ones are offering the best rates at any one time and then negotiate hard to get an even cheaper rate.