CHATTEL
MORTGAGE
Unlock the Power of Chattel Mortgage for Your Business
Drive Your Business Forward with Smart Financing
Need a new vehicle for your business operations? Discover how a chattel mortgage can enhance your business’s financial flexibility and asset management. At The Finance Plug, we provide tailored chattel mortgage options that align with your business needs and growth aspirations.
What Is a Chattel Mortgage?
A chattel mortgage is a type of secured loan where your business can finance a vehicle or other movable assets. You borrow funds from a lender and pay back over time, with the vehicle serving as security for the loan. At the end of the term, your business gains full ownership of the vehicle, empowering your asset base and operational capability.
Benefits of a Chattel Mortgage:
Tax Efficiency:
Benefit from potential tax deductions such as depreciation and interest charges on your loan.
Cash Flow Management:
Preserve your cash flow with structured payments tailored to match your business cycles.
Flexible Terms:
Choose from a variety of loan terms, ranging from 1 to 7 years, with options for balloon payments to reduce monthly costs.
Why Choose Us?
Instant Asset Write-Off:
Take advantage of immediate tax deductions in the year of purchase under applicable asset write-off rules.
Depreciation Deductions
Claim the depreciation on the vehicle as a tax deduction, reducing your taxable income.
Temporary Full Expensing
Utilise temporary full expensing measures to claim immediate deductions for the business portion of the asset’s cost.
How to Apply?
Our straightforward application process ensures you get the financing you need without delay:
Contact Us
Reach out to discuss your needs with our specialists who understand the nuances of business financing.
Customised Solutions
We’ll tailor a financing solution that aligns with your business’s financial goals and tax planning strategies.
Quick Approval and Funding
Experience fast approvals and funding, ensuring you can acquire your business vehicle swiftly and keep your operations running smoothly.
Ready to Enhance Your Business with a Chattel Mortgage?
Get in touch with The Finance Plug today. Let us help you unlock the full potential of your business with flexible and beneficial financing options. Speak with our experts to see how a chattel mortgage can fit your unique business needs.