Easily Compare Chattel Car Mortgage Finance Rates and Source Cheaper Quotes
Chattel Mortgage Motor Vehicle Finance is the most widely used form of business car finance. This credit option is extremely popular for its suitability to the cash accounting method which is used by most Australian businesses, its flexibility and versatility, and, as you can see from our rate table, the competitive interest rates compared with other options.
Connect with us today and enjoy the easy way to secure cheaper Chattel Mortgage Vehicle Finance.
Best Rates for Saturday, 15 February:
Discounts tailored to you.
Business Rates Start From*
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*THE COMPARISON RATE IS CALCULATED ON A SECURED LOAN OF $30,000 FIXED FOR A TERM OF 5 YEARS, NEW GOODS, EFFECTIVE 15/02/2025 AND SUBJECT TO CHANGE. WARNING: THE COMPARISON RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT COMPARISON RATE.
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Chattel Mortgage Vehicle Finance: Key Tax Benefits and Features
- Suitable for businesses using the cash method of accounting.
- Vehicle accepted as the security for the loan.
- Many businesses will not be required to provide additional collateral.
- Buyer takes immediate ownership of the vehicle and is responsible for all running costs and expenditure.
- Vehicle posted as asset/liability in the business balance sheet/accounts.
- Balloon is optional – this is an amount which is set aside for finalising as a lump sum after the last monthly payment is made.
- Fixed interest rate applies – fixed for the entire finance term.
- Fixed finance term – Easy can source up to 84mths/7 years in some instances.
- Fixed monthly repayments.
- GST applicable to the purchase of the vehicle is claimed in total, on the next BAS statement. As such, no further GST is charged on repayments or balloon.
- Interest component of repayments is tax deductible, remaining portion is not deductible.
- Tax benefit is realised through depreciation of the vehicle in line with the ATO asset depreciation schedules. When available, accelerated asset depreciation measures are suited to this type of commercial financing.
- Suitable for new and used commercial vehicles.
- When all repayments and the balloon are finalised, the lender releases the security over the goods.
Find out estimated repayments on Chattel Car Mortgage for the vehicle you are considering with our Car Loan Calculator or simply request a quote – it can be that easy to acquire affordable vehicle finance.

Chattel Car Mortgage Options for Sole Traders, New Operators
Lenders all their own criteria to approve commercial credit applications. Documents are required for the application in regard to the financial status and trading history of the operation. Some lenders also have criteria as to the minimum length of time the business has been trading for approval.
Operators that are relatively new, have a small operation or are just starting up a business may not be in a position to meet all lender criteria. For these businesses we can source options for Low Doc and No Doc financing through our lender connections.
- Sole Trader Chattel Mortgage Vehicle Finance
- Start Up Car Chattel Mortgage
- No Doc, Low Doc Chattel Car Mortgage

Request a Chattel Mortgage Quote from Easy
- Cheapest quotes sourced from across large number of banks and lenders.
- No deposit Chattel Mortgage.
- Low Doc and No Doc options.
- Negotiated terms, balloon and conditions.
- New business car financing.
- Pre-approved Chattel Mortgage Car Loans.
- Dealer purchases, private sellers, auction purchases.
- Fleet financing and single vehicle loans.
What is Chattel Car Mortgage?
Chattel Mortgage is a very straightforward loan type as it has a secured finance format. Making it easier for business owners to grasp the detail and appreciate the features and tax benefits available. In fact, some banks and lenders have started referring to this type of credit simply as a Secured Business Car Loan.
To clarify the name – the Chattel is the vehicle and the Mortgage is the loan. The format is straightforward – the vehicle forms the security against the funding and the loan is repaid in equal monthly instalments over a set number of months. A secured loan format which will be familiar to most business owners and operators.
One of the key differences with the selection of commercial funding products is the suitability to either the accruals or the cash method of accounting used by the business. Many Australian businesses utilise the cash method.
With suitability to the cash accounting method, this versatile finance product suits many different types of businesses and vehicle acquisitions. We’re talking large corporates, SMEs, sole traders, owner-operators, partnerships, family enterprises and many others.
Whether you’re purchasing a new cab chassis ute, a commercial van, small truck, wagon, SUV, passenger car, minivan, limo or a luxury executive sedan, this may be the ideal choice of financing product for your business.
The popularity of this secured finance facility however, does bring with it one major issue for business operators – sourcing the cheapest rates. This type of finance is offered by a plethora of banks, lenders, car dealerships and manufacturers. Creating a competitive lending market and making the task of finding the cheapest and most suitable offer potentially time consuming for buyers.
Our services cut through that time barrier and deliver quotes for the cheapest rates direct to your phone or inbox. Quotes which we derive from scouring the vast motor vehicle lending market to match your specifications with the right lender and right offer.
Frequently Asked Questions
Chattel Car Mortgage
What is a Chattel Car Mortgage?
Chattel Mortgage is a secured commercial credit product which can suit all types of motor vehicles and many businesses.
What security is required to get Chattel Car Mortgage?
The vehicle being purchased is accepted as the security against funding. Most businesses will not have to provide additional collateral.
What is the balloon with a Chattel Mortgage?
A balloon is an amount, usually represented as a percentage, of the loan total that is due for a lump sum payment after all the repayments have been finalised. This is an optional feature.
What is the interest rate for car Chattel Mortgage?
Interest rates are individually offered by lenders after they assess the application. The rates shown by lenders are typically their best rates for new vehicles and good credit applicants.
Is the Chattel Car Mortgage interest rate fixed or variable?
Secured commercial car funding typically attracts a fixed rate of interest.
Can I buy a used commercial van with a Chattel Mortgage?
Yes. Both new and used vehicles may be financed with a secured commercial credit product. Commercial vans are included.
Why is my Chattel Car Mortgage quote higher than the figure I calculated on the car loan calculator?
Credit calculators provided by lenders are to be used as a guide only. The results do not include the charges and lender fees as these vary with different banks and lenders. There is not allowance made for the differences in the profile and application of the calculator user. As the calculator only provides estimates, the quote can be higher.
What is needed to apply for Chattel Mortgage Vehicle finance?
Commercial vehicle credit applicants must have an ABN and are requested to provide documentation which can include tax returns, BAS, accounts, bank statements and similar.
Can new businesses get Chattel Mortgage?
Yes. New businesses may apply for commercial car financing. Where the business does not have all the documents or does not meet all the lender criteria, they can source low doc and no doc options.
What tax deductions are available with Chattel Mortgage?
Interest is tax deductible. The vehicle being funded is depreciated in accordance with the ATO schedules in place at the time of purchase. The amount of the depreciation value is deducted annually when preparing the tax return.