At Jim's, we will find you the best interest rate for your vehicles and equipment
If you need to finance your company’s vehicle or equipment, a chattel mortgage is a flexible, tax effective loan.
We have relationships with a range of lenders so we can get you the best rates in the marketplace.
For eligible businesses, you can claim depreciation and GST on the equipment or vehicle.
Want to know more about what a Chattel Mortgage is?
A Chattel Mortgage is a way to finance vehicles and equipment for your business. Businesses frequently use chattel mortgages to purchase vehicles and equipment that can serve as security for the lender and allows for lower interest rates. The interest rate is then fixed for the term, so you know exactly what your monthly payments will be upfront. You are also able to deposit money or trade in your vehicle to reduce the loan amount, and you can choose whether you want a residual (balloon payment) at the end of the term.
You can also choose the length of the term – generally between 1 and 5 years and if your business is registered for GST, you can can claim the GST on the vehicle or equipment as an input tax credit on your next Business Activity Statement (BAS).
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Any advice on this website does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. You should read the relevant disclosure document. Terms, Conditions and fees may apply. Vehicle Finance Group Pty Ltd t/as Jims Financial Services © ACN: 137843246 Australian Corporate Credit Representative number 482638 . ACL 387856.