Commercial Vehicle Finance Chattel Mortgage

Finance passenger vehicles, utes, trucks or fleet vehicles while keeping ownership and maximising tax benefits.

Take ownership at purchase, structure repayments to your cashflow, and access tax advantages suitable for Australian businesses.

Request a QuoteCall 1800 00 9447
  • Fast approval
  • Competitive rates
  • Trusted by Australian businesses
BYD Truck
A Windrose EV truck

What are the benefits of Chattel Mortgage?

Benefits of a Chattel Mortgage include:

  • Claim the GST paid on the purchase price of the asset on your next BAS
  • Flexible finance options – factor in deposits, trade-ins & balloon payments.
  • Finance vehicles and commercial machinery.
  • Line of credit potentially available for multiple asset purchases.
Vehicle = Chattel

Speak to us about same day, low doc and streamlined approval and funding for businesses that are: GST-registered for more than 2 years, asset backed (property owner), and have a good individual credit rating.

Request a QuoteCall 1800 00 9447

How It Works

A simple 3-step process to finance your business vehicles.

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STEP 1
Choose your vehicle / asset

Select the asset, ute, van, truck, or fleet vehicle you need. Speak to us about getting a better price.

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STEP 2
Submit Finance Application

Submit your application with business financials & asset / vehicle details. Low doc options available.

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STEP 3
Funds paid, you take delivery

Once approved, the lender pays the seller directly for the vehicle.

Why Choose a Vehicle Chattel Mortgage?

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Own your asset from day one

Own the vehicle from day one, with full 
control over the asset from delivery.

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Lower rates through secured finance

Benefit from competitive secured loan 
rates compared to unsecured finance.

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Flexible repayments, including balloon options

Customise your repayment schedule with 
optional balloon payments to suit cashflow.

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Preserve your cash flow

Finance your fleet without depleting 
working capital or business reserves.

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Tax & GST advantages

Claim GST input credits, depreciation, 
and interest deductions on business use.

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Finance all asset / vehicle types

Suitable for utes, vans, trucks, cars, 
and entire fleet purchases.

Our Lenders

We’ve built strong partnerships with trusted lenders to help you access competitive rates.

Frequently Asked Questions

Have a specific question?

Can I finance a used vehicle?

Yes, chattel mortgages can be used for both new and used vehicles. 
However, age and condition limits typically apply — most lenders finance 
vehicles up to 10–12 years old, depending on the make and model.

What’s a Balloon Payment?

A balloon payment is a larger final repayment at the end of the loan. It lowers your regular monthly repayments but means you’ll pay a lump sum when the loan finishes.

Who owns the vehicle during the loan?

Under a chattel mortgage, your business owns the vehicle from day one, while the lender holds a mortgage over it as security until the loan is fully repaid.

Can I claim GST on the vehicle purchase?

Yes. As a GST-registered business, you can claim the full GST component of the vehicle purchase price as an input tax credit on your next BAS statement. This is one of the key tax advantages of a chattel mortgage over other finance structures.

What happens if I want to sell the vehicle early?

If you want to sell the vehicle early, you’ll just need to pay off the remaining loan first – or residual as its often referred to – once that’s cleared, you’re free to sell or trade it without any issues.

Is insurance required?

Comprehensive insurance is required to be in place for the vehicle while under finance and must be arranged by the vehicle owner directly.

How much deposit do I need?

With a chattel mortgage at WhipSmart, there is no fixed deposit required; you can finance the vehicle at full cost or add a deposit up front to reduce your monthly repayments.

Can I finance multiple vehicles at once?

Yes, you absolutely can, making it far easier to grow or upgrade your fleet in one go.

What's the difference between fixed and variable rates?

A fixed rate means your repayments stay the same for the whole loan term, making budgeting easier. A variable rate can move up or down with the market, which might lower or raise your repayments over time.

What is the PPSR registration?

PPSR Registration is the official recording of the lender’s security over the vehicle on the Personal Property Securities Register, protecting both your business and the lender’s interests.