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Chattel Mortgage Car Finance

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Winner of Canstar's Innovation Excellence Award 2022*

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Monthly repayment from


Example interest rate

9.20 %

Comparison rate*

10.58 %

Total charges


Total repayments


Disclaimer: This calculator provides an estimate only and a comparison rate based on the example information provided. Other fees, costs and charges are not included. This calculation is not an offer for credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified. The interest rate for this product is variable and subject to change. Any calculations made by you using this calculator is intended as a guide only.

Chattel Mortgage Car Finance

Fund your newest movable business asset with a chattel mortgage car finance. A vehicle is one of the most important assets to have in a business, regardless of its nature. Many start-ups don’t make enough income yet to pay for a new vehicle to support their business with cash. Most equipment can cost a lot as well, so paying for the full amount in one go can really disrupt a business’s cash flow. A chattel mortgage car loan is one of the best car finance deals to get if you want a new car to use for your business. MONEYME can help you buy a car on finance as we offer great chattel finance options with flexible repayment structures at the best chattel mortgage rates. You can get a car loan conveniently online wherever you are in Australia with MONEYME. 

A chattel mortgage car finance is basically a type of secured car loan that funds self-employed individuals and businesses to purchase a vehicle that will primarily be used for business. A standard mortgage loan finance company’s primary qualification for applicants of a chattel mortgage for a car is that the vehicle will be used for business purposes more than 50 per cent of the time. 

How does a chattel mortgage car finance work?

A chattel mortgage car finance works very similarly to other secured car loans. It is structured much like a traditional mortgage loan where car finance companies will provide the borrower with funds to purchase the vehicle. This vehicle or ‘chattel’ will be used as the security for the loan. The borrower will take ownership of the vehicle at the time of purchase, but the lender will put a mortgage over it until the loan term is over. The borrower must pay for the full loan amount as well as charges incurred, such as mortgage interest rates and early-exit fees, if stated in the loan agreement. 

Business owners can enjoy a wide range of vehicle options thanks to a chattel mortgage car finance. Depending on how they will use it for their business, some of the common vehicles acquired through a chattel mortgage car finance are pick-up trucks, heavy equipment, farm equipment, boats, and even aeroplanes. 

What are the benefits of chattel mortgage car finance?

Aside from providing individuals and companies with more car options to choose from, a chattel mortgage car finance can offer a gamut of other exciting benefits such as the following: 

Low-interest rate

Because it is a type of secured car loan, such as a self-employed car loan, most lenders offer lower interest rates. The asset will be secured by the mortgage loan finance company until the term is over and the total amount payable has been settled. So the interest rates can be expected to be much lower than unsecured loans since the risk is lower as well. 

Flexible payment structure

Business owners can have better control over their cash flow as a chattel mortgage car finance enables more flexible payment options for them. The repayments can be fixed at the same amount every month or tailored to suit the seasonal cash flow requirements of the business. A balloon or lump sum payment is also available to lower the monthly repayments although the interest rates might be raised instead. 

Eligibility for tax benefits 

With a chattel finance lease for business, the goods and services tax (GST) inclusive price of the asset is financed so business owners can claim an input tax credit almost immediately. Depending on how much you use the vehicle for business, you can claim interest and depreciation costs too. 

Why might you need a chattel mortgage?

If you are a self-employed individual who wants to purchase a new vehicle as an asset for your business, you might need a chattel mortgage car finance to fund your new car without disrupting your business cash flow. Chattel mortgage for individuals is ideal both for those who want to grow their existing business or for those who want to establish a start-up in their chosen industry. Vehicles acquired through chattel mortgage can still be used for personal use and not just exclusively for business purposes so long as the majority of the time, they will be used to support business operations.

If you’re interested in financing your new car through a chattel mortgage, you can get a quick estimate through MONEYME’s car lease calculator to have an idea of how much you will have to pay for the loan if you decide to get it. MONEYME makes loan applications, for chattel mortgage car finance and other financing deals, faster and easier. The MONEYME app is available both on iOS and Android devices where you can submit your application for a loan and track the updates from there as well. You can loan as much as $50,000 for terms of up to five years and enjoy flexible repayment options while paying off your loan. 

You can qualify for a chattel mortgage as long as you are at least eighteen years and can provide the requisites including proof of identity, proof of business, statement of assets and liabilities, as well as your personal details and details of the vehicle you will purchase. 

Get your car loan approval within minutes and get the money in your account instantly! With MONEYME, you can pursue more business opportunities as we help you finance whatever you need so you never have to miss valuable chances to scale your business!

Our customers

Chattel Mortgage Car Finance

Fast, fair and easy. Very happy customer. Happy to get another loan in the future from MONEYME.

Simple process, easy to follow application, quick response time and good support.

I was impressed with how easy and quick the application was. Very happy with their customer service, and the app is very convenient.


Review Stars Out of 2,701 reviews

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Transparent and
simple pricing

Interest rate

9.20 %
to 25.20 %

Comparison rate*

10.58 %
to 26.58 %

Establishment fee
(Direct applications)

$395 for loans between $5,000 and $15,000

$495 for loans between $15,001 and $50,000

Monthly fee


Loan terms

Minimum 3 years

Maximum 5 years

Early exit fees


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Won't impact your credit score!

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