The fun stuff! Cars, trucks, machinery with great big wheels and other plant equipment!
You can’t beat equipment finance when you don’t want to invest capital. And you have a number of options!
The Chattel Mortgage
This bad boy is used in business more than half the time for equipment finance. And for good reason! A chattel mortgage means you get your hot little hands of whatever you are buying on delivery and it becomes the security for your loan. And you can usually claim a GST credit entitlement from the get-go.
What’s great about a chattel mortgage?
- You can borrow up to 100%
- Sticks and stones can break your bones but interest rate rises will never hurt you (for the term of the loan, at least)
- Stick it to the man and pay it out whenever you like!
- Loan repayments are GST-free!