Home HOME    Sitemap SITEMAP    Contact CONTACT US
Absolute Financial Services
 
Equipment Finance
 


Chattel Mortgage


A Chattel Mortgage is a finance product where the client retains the ownership of the asset and the financier takes a mortgage of a lien over the assets. The mortgage is removed at the end of the contract, thus giving the client full ownership of the asset.

 

Under a chattel mortgage, the client has the option of having a residual. The residual results in reducing the monthly payments. Clients can claim a full input tax credit for any GST paid relating to the purchase under the cash method of accounting in their most recent BAS statement.


Want to know more?


Call us on (03) 9888 9292 and we will be happy to discuss your options with you.

 

Copyright © AFS 2007. All Rights Reserved.